News

Wed, 08 May 2019 13:51:03 GMT

US lawmakers, Facebook COO to discuss privacy

Capitol Hill's US lawmakers and Sheryl Sandberg, Facebook's Chief Operating Officer, were set for a meeting on May 7 to discuss legislation on settling the standards for social media users privacy.

Wed, 08 May 2019 13:36:32 GMT

Match Group tops quarterly revenue, profit estimates

Match Group reported its quarterly revenue and profit results beat forecasts on a surge in the number of subscribers to the company's popular dating application Tinder, surging shares as much as 8% in extended trading.

Wed, 08 May 2019 12:39:25 GMT

Huawei CFO Meng to attend Canada court

Meng Wanzhou, Huawei's Chief Financial Officer, is set to attend a Canada court this Wednesday to launch a legal battle against the US request to extradite her to face the fraud charges.

Wed, 08 May 2019 12:34:30 GMT

Tesla shuts $2.7B shares and debt offering

On Wednesday, Tesla announced it had closed the $2.7B mixed offering of convertible notes and stock, giving the electric vehicle maker necessary amount of cash, as it sought to boost production.

Wed, 08 May 2019 11:37:05 GMT

China's Megvii attracts $750M ahead of IPO

China's AI start-up Megvii, also known as Face++, announced on Wednesday it had raised $750M in the latest round of funding ahead of its planned initial public offering in Hong Kong.

Wed, 08 May 2019 11:33:56 GMT

Marathon Petroleum's midstream arms plan merger

On Wednesday, Marathon Petroleum, the US oil refiner, stated that MPLX would acquire Andeavor Logistics in a $9.0B, merging the company's two midstream divisions that store, transport and market refined products and crude oil via terminals, pipelines and trucking operations.

Wed, 08 May 2019 09:57:30 GMT

UK Uber drivers go on strike

On Thursday, Uber drivers went on strike in the United Kingdom to protest the sums that the investors will make on the company's IPO. It seems to Dukascopy analysts that the drivers do not grasp the basic concepts of economics, as the pay of drivers has little to do with the IPO.

Wed, 08 May 2019 09:57:08 GMT

Arabian Centres gets prices at lower end

The shopping centre operator Arabian Centres announced on Wednesday that it is valuing its initial public offering at the low end of the indicative price range. The company wants to raise only $659 million.

Wed, 08 May 2019 09:39:38 GMT

SoftBank plans Yahoo Japan stake increase

On Wednesday, Japan's SoftBank is set to spend $4.0B to increase its Yahoo Japan Corp's stake and turn the unit into a subsidiary, seeking to bolster its profit by 24% this year.

Wed, 08 May 2019 09:36:06 GMT

Germany's Schaeffler sells UK plant

Schaeffler, the German bearings maker, sold the Barden plant located in Plymouth to an HQW Precision GmBH unit, securing about 400 job positions.

Wed, 08 May 2019 08:35:26 GMT

Waterton unlikely to raise Hudbay Minerals to over 15%

Waterton Global, the private equity company, announced it had agreed not to raise its Hudbay Minerals stake over 15%, after settling a proxy contest with Canada's miner.

Wed, 08 May 2019 08:32:45 GMT

Siemens spins off power and gas business

Siemens decided to spin off its struggling power and gas business, as it had dragged on the engineering company's performance due to an increase of renewable power that hit demand for the gas turbines.

Wed, 08 May 2019 07:17:34 GMT

Brazil's Hapvida seeks more acquisitions

Hapvida Participacoes e Investimentos, the Brazilian healthcare provider, aims to sign more acquisition deals in near future, following a takeover of its rival Sao Francisco Saude in a $1.26B deal, the group's CEO Jorge Pinheiro stated.

Wed, 08 May 2019 07:00:59 GMT

Grab considers spin-off of financial services, payments units

Singapore's ride-hailing firm Grab is exploring a spin-off of its financial and payments services business, seeking to raise its capital for two businesses separately, to divide one or both of them later, according to a Financial Times report seen on Wednesday.

Wed, 08 May 2019 06:38:34 GMT

Australian watchdog opposes Vodafone-TPG deal

On Wednesday, Australia's competition regulator stated it had opposed the proposed $11B merger deal between Vodafone Group's Australian division and TPG Telecom, sending TPG's shares down to eight-month low.

Wed, 08 May 2019 05:02:36 GMT

Asian stocks decline on Wednesday

Asian shares declined on Wednesday, as investors and traders switched to safe-haven bonds, driven by fears that the United States and China trade war could escalate.

Wed, 08 May 2019 05:02:28 GMT

Uber drivers call for strike in UK and US

Some Uber drivers in the United Kingdom and the United States announced they would strike on Wednesday, as drivers and regulators around the world have criticised Uber's business tactics.

Wed, 08 May 2019 04:05:42 GMT

Nestle plans to launch new line of baby formula

Nestle, the world's largest packaged food producer, said that it would launch a new baby formula, focusing on smaller cities, often in China's western provinces.

Wed, 08 May 2019 04:04:46 GMT

New Zealand's Central Bank cuts rates

On Wednesday, the Central Bank of New Zealand, cut its interest rate for the first time since 2016, sending the New Zeeland Dollar to a six-month low.

Wed, 08 May 2019 02:31:03 GMT

Japan services PMI falls in April

Activity in the Japanese services sector grew at a slightly weaker pace in April than the prior month, as expansion in new business slowed, a business survey revealed on Wednesday.

Tue, 07 May 2019 20:31:06 GMT

Apple, SAP team up to support apps' development

Apple and SAP, the business software maker, announced their cooperation aimed to help clients to develop their own business applications using machine-learning technology of Apple.

Tue, 07 May 2019 20:29:31 GMT

Google launches programme to support start-ups

Alphabet's Google stated on Tuesday that it launched a four-month-long programme in Israel to help start-ups expand globally using its tools and experts.

Tue, 07 May 2019 19:34:12 GMT

Iraq nears signing $53B deal with PetroChina, Exxon

Iraq was close to signing a 30-year, $53B worth energy agreement with PetroChina and Exxon Mobil, the country's Prime Minister stated.

Tue, 07 May 2019 19:33:31 GMT

DSM raises profit forecast despite weak Asia's markets

Dutch speciality chemicals firm DSM raised 2019 profit outlook, as high food supplements' sales boosted earnings in the Q1, despite some weakness in Asian markets.

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