News

Tue, 26 Mar 2019 14:23:15 GMT

Japan regulator seeks $1.2M fine against Citi

On Tuesday, Japan's SESC market regulator announced it would seek a $1.2M fine against Citigroup's British unit, alleging manipulations of the JGB future prices.

Tue, 26 Mar 2019 13:39:56 GMT

Citi seeks to bolster Asian wealth management client base

Citigroup announced on Tuesday it is seeking to boost its client base of the Asian wealth management by 10% this year, as the company picks more advisers and bolster digital offerings.

Tue, 26 Mar 2019 12:37:55 GMT

Spotify to acquire another podcast firm

On Tuesday, Spotify Technology announced it would acquire Parcast, its third podcast firm it is buying during the last two months, as the company seeks to become the Netflix of audio.

Tue, 26 Mar 2019 11:29:32 GMT

UK lawmakers urge Theresa May

Members of the UK Parliament on Tuesday urged the Prime Minister to listen to alternative Brexit plans. This and other recent announcements continue to keep the GBP highly volatile.

Tue, 26 Mar 2019 11:29:01 GMT

Huawei sees no impact from US ban

On Tuesday, Huawei officials announced that the company's sales are not getting hurt by the ban in the US. Moreover, the company does not expect bans of their products in other countries.

Tue, 26 Mar 2019 10:38:42 GMT

Ex-Lego CEO resigns from board

Lego's former President and CEO Kjeld Kirk Kristiansen is set to step down from the board during the general meeting planned to be held in April, the owner of Danish toymaker announced on Tuesday.

Tue, 26 Mar 2019 10:35:47 GMT

Airbus shares rise on large China order

On Tuesday, shares in Airbus soared 1.9% after the EU planemaker announced about a $30B sale of its 300 jets to China.

Tue, 26 Mar 2019 09:37:33 GMT

Mastercard to make investment in Network International IPO

Global payments titan Mastercard is planning to make an investment worth $300M in the planned London listing of the payments processor firm Network International.

Tue, 26 Mar 2019 09:35:08 GMT

Uber confirms Careem $3.1B acquisition deal

Uber Technologies, the global ride-hailing company, has confirmed on Tuesday it would acquire its Middle East competitor Cereem to dominate the ride-hailing service in the region, right ahead of its initial public offering.

Tue, 26 Mar 2019 08:35:47 GMT

EU opens inquiry Aleris takeover deal

European anti-trust regulators launched an inquiry into the US aluminium company Novelis' plans to acquire the processor Aleris Corps in a deal valued at $2.6B, as the American firm seeks to supply the aerospace industry.

Tue, 26 Mar 2019 08:32:24 GMT

Judge dismisses lawsuit against Tesla over Model 3

San Francisco's federal judge has dismissed the lawsuit brought against Tesla by its shareholders that alleged the electric carmaker had misled them about the Model 3 production status.

Tue, 26 Mar 2019 07:38:17 GMT

China's iQIYI seeks to raise $1.1B in convertible bonds

China's video-streaming firm iQIYI is planning to raise $1.05B in its convertible bonds in a sale that the company announced on Tuesday, not providing any further details on the deal.

Tue, 26 Mar 2019 07:34:27 GMT

McDonald's to acquire Dynamic Yield

McDonald's Corp announced late on Monday it would acquire the Israeli firm Dynamic Yield, which focuses on technology that helps personalise customer interactions, as the fast-food chain seeks to bolster its online marketing.

Tue, 26 Mar 2019 05:40:20 GMT

Chinese stocks surge on Tuesday

During the Asian session on Tuesday Chinese stock benchmarks surged, as the Chinese government announced that it will make it easier for foreigners to invest in the country.

Tue, 26 Mar 2019 05:40:13 GMT

Crude Oil gains value

During the early hours of Tuesday's trading the prices of crude oil surged. The surge was a continuation of the previous gains caused by OPEC and events in Venezuela.

Tue, 26 Mar 2019 05:20:02 GMT

Dollar gains on Tuesday

During the early hours of Tuesday's trading session the US Dollar gained value, as US Treasury bond yields rebounded after a 15 month low. The event caused an increase of demand for the USD, as the market bought the bonds.

Tue, 26 Mar 2019 05:19:27 GMT

Japan could hike sales tax

On Tuesday, the developer of the economic program named Abenomics announced that Japan could raise sales tax in October. The event could boost the local demand for the Yen, which in turn would increase the value of the currency.

Tue, 26 Mar 2019 04:10:18 GMT

Samsung Electronics flags earnings below expectations

Samsung Electronics stated that the company's first-quarter profit is likely to miss market expectations amid declines in chip prices and weaker demand for display panels.

Tue, 26 Mar 2019 04:07:30 GMT

iQIYI aims to raise $1.1B in convertible bonds

The Chinese video-streaming service company iQIYI was looking to raise $1.05B in convertible bonds, the most recent example of the instrument's growing popularity among newly listed China's tech companies.

Mon, 25 Mar 2019 21:27:22 GMT

US economy growth to slow in following years

The NABE Outlook Survey revealed that the US economic growth measured by GDP is expected to slow to 2.4% this year and fall further to 2.0%in 2020.

Mon, 25 Mar 2019 21:10:34 GMT

Jet Airways gets $217.6M funding

India's airline Jet Airways got a $217.6M interim funding from State Bank of India after the founder Naresh Goyal stepped down from the board.

Mon, 25 Mar 2019 20:26:30 GMT

China Vanke's profit jumps 20.4% last year

The Chinese leading property developer China Vanke recorded a 20/4% higher net profit in 2018, despite a decrease in the real estate market, the company stated.

Mon, 25 Mar 2019 20:17:56 GMT

Germany's business confidence weakest in five years

Germany's business climate index, based on the companies' monthly surveys, edged from 98.5 to 99.6 in the month of February, though still the lowest level since late 2014.

Mon, 25 Mar 2019 19:32:55 GMT

AT&T, Viacom renew contract

Viacom renewed the carriage contract with AT&T, avoiding a MTV, Nickelodeon and Comedy Central blackout for the pay TV service's DirecTV users, the companies stated.

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