News

Fri, 22 Mar 2019 07:34:31 GMT

Levi Strauss shares soar 31% in IPO

On Thursday, Levi Strauss & Co shares surged as much as 31% in their IPO debut, valuing the jeans maker at $8.7B and anticipating strong investor interest ahead of much-awaited listings from Uber and Lyft.

Fri, 22 Mar 2019 07:31:06 GMT

Paulson will not back Newmont's bid for Goldcorp

Paulson & Co stated it would not support the planned $10B takeover of its competitor Goldcorp, proposed by Newmont Mining, claiming that premium offered was unjustified.

Fri, 22 Mar 2019 03:56:21 GMT

Comcast to launch new internet streaming video service

Comcast Corp announced on Thursday that it would launch Xfinity Flex, a new streaming video service. The device will be available starting from March 26.

Fri, 22 Mar 2019 03:56:13 GMT

EU agrees to hand UK Brexit delay until May 22

The European Union leaders have agreed to grant the UK a Brexit extension until May 22, according to a statement from Brussels.

Fri, 22 Mar 2019 03:04:42 GMT

Venezuela authority detains Guaido chief of staff

The Venezuelan government have arrested Roberto Marrero, the Chief of Staff to Venezuela's self-cleared President Juan Guaido.

Fri, 22 Mar 2019 03:02:51 GMT

HSBC signs deal to offer BlackRock's Aladdin software

HSBC has signed an agreement with BlackRock's to offer Aladdin investment software to the bank's wealthy clients.

Thu, 21 Mar 2019 21:10:00 GMT

China-France trade hits record high

The bilateral trade between France and China surpassed $60B in 2018, reaching a record high, the Ministry of Commerce reports.

Thu, 21 Mar 2019 21:09:23 GMT

Hong Kong consumer prices increase

Consumer prices in Hong Kong increased by 2.1% in February, compared to the same period the prior year, the Census and Statistics Department reports.

Thu, 21 Mar 2019 20:29:08 GMT

Norway central bank raises key rate

The Norwegian central bank Norges Bank raised the key interest rate to 1% from 0.75% on Thursday, the Governor Oystein Olsen says.

Thu, 21 Mar 2019 20:28:26 GMT

China foreign trade to remain stable

The Chinese foreign trade is expected to maintain steady growth in the first three months of 2019, the Ministry of Commerce says.

Thu, 21 Mar 2019 19:21:02 GMT

Thailand exports increase

Thailand's exports increased 5.91% to $21.55B in February, compared to the same month in 2018, the Commerce Ministry reports.

Thu, 21 Mar 2019 19:20:06 GMT

Taiwan keeps rates unchanged, decreases GDP forecast

The Taiwanese monetary authority on Thursday had left interest rates unchanged and lowered its GDP growth forecast for 2019 by 0.2% to 2.13%.

Thu, 21 Mar 2019 18:04:52 GMT

US Services data shows decline in Q4 GDP

According to the US Commerce Department quarterly services survey, the United States economic growth for the Q4 is likely to edge lower.

Thu, 21 Mar 2019 18:04:38 GMT

Jacobs says Ryanair still plans to buy Boeing 737 MAX

Ryanair's Chief Marketing Officer Kenny Jacobs said on Thursday that the company have not changed their plans to order Boeing 737 MAX.

Thu, 21 Mar 2019 17:14:11 GMT

Macron says UK is likely to face disorderly departure

Emmanuel Macron, the President of France, said on Thursday that the UK could face a disorderly exit from the EU if Theresa May fails to get parliamentary approval for her Brexit deal.

Thu, 21 Mar 2019 17:07:17 GMT

Deutsche Bank CEO sees multiple benefits of merger

The Chief Executive Officer of Deutsche Bank Christian Sewing thinks that there are multiple benefits for the merger with Commerzbank.

Thu, 21 Mar 2019 16:08:37 GMT

Walmart's CTO King quits

Jeremy King, Walmart's Chief Technology Officer, is set to leave the company, despite the the retail giant's plans to transform the e-commerce business, while nearing the gap with its competitor Amazon.com.

Thu, 21 Mar 2019 15:50:48 GMT

Koerber, Coesia plan bidding for Bosch unit

Germany's industrial group Koerber and Italy's engineering firm Coesia are planning to bid for Bosch's packaging machinery division, which has been put on the block, sources reported.

Thu, 21 Mar 2019 15:27:22 GMT

South Korea cuts decade-old penalty on Qualcomm

South Korean antitrust regulator trimmed a fine, imposed on the US chipmaker Qualcomm a decade ago, by 18% to $200M, the KFTC announced on Thursday.

Thu, 21 Mar 2019 15:20:32 GMT

Commerzbank-Deutsche merger might benefit France

The Commerzbank-Deutsche Ban proposed merger could potentially serve France's financial interests, the country's Finance Minister Bruno Le Maire stated on Wednesday.

Thu, 21 Mar 2019 14:36:36 GMT

VW, Northvolt to tie up over battery research

Germany's Volkswagen and Sweden's battery maker Northvolt are joining their forces in the research on battery cells, the German automaker announced on Thursday.

Thu, 21 Mar 2019 14:25:48 GMT

Access Bank up amid Diamond Bank buy approval

Nigeria's Access Bank shares surged 9.24% after the country's court granted its approval for a $235M acquisition of its competitor Diamond Bank.

Thu, 21 Mar 2019 13:21:32 GMT

Finland to probe Nokia phones amid data reach report

Finland has launched an inquiry into the Nokia-branded smartphones on the back of a Chinese report saying they breached the data protection requirements.

Thu, 21 Mar 2019 13:14:41 GMT

Siemens shares rise on potential merger report

On Thursday, Siemens shares surged 2% on a report the German industrial company is considering a possible merger of its struggling turbine division with a partner from Asia.

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