News

Wed, 20 Mar 2019 16:14:50 GMT

Talks between Exxon and Algeria to tap shale gas have stopped

According to sources with knowledge of the matter, Exxon Mobil's discussions to tap Algeria's natural gas have stalled due to unrest.

Wed, 20 Mar 2019 14:42:50 GMT

Theresa May requests Brexit extension

The Prime Minister of the United Kingdom on Wednesday requested a three-month extension to the Brexit. The request faced immediate opposition from the EU and beat down the GBP/USD by 100 base points.

Wed, 20 Mar 2019 14:42:39 GMT

Disney ends 71$ billion acquisition

On Wednesday, it was announced by the Walt Disney Company that it has finished its $71 billion worth acquisition of the Twenty-First Century Fox assets. This event gives Disney the needed assets to compete with Netflix.

Wed, 20 Mar 2019 14:34:52 GMT

Poste Italiane to bolster parcel delivery

Poste Italiane is seeking to over double the amount of delivered parcels to 100M by 2022, compared with 45M units sent last year, the Mail and Parcel division's head announced on Wednesday.

Wed, 20 Mar 2019 14:28:39 GMT

Suzuki, Toyota strengthen ties for EVs

On Wednesday, Suzuki Motor and Toyota Motor stated they were planning to enhance their relations to manufacture electric vehicles and provide completions for each other to boost competitiveness in the industry.

Wed, 20 Mar 2019 13:39:43 GMT

Apple rolls out new generation of AirPods

On Wednesday, Apple Inc launched the upgraded version of the company's wireless headphones "AirPods", right ahead of the event planned for March 25, where it is likely to reveal video and TV service.

Wed, 20 Mar 2019 13:37:16 GMT

Google fined €1.49B for banning ad rivals

The EU antitrust regulators fined Google €1.49B on Wednesday for banning the company's rival online advertisers, the third penalty the tech giant has got this year.

Wed, 20 Mar 2019 12:36:34 GMT

PetroReconcavo looks at Petrobras onshore fields

PetroReconcavo, the Brazil independent oil firm, launched talks with the state-run Petroleo Brasileiro to acquire a 34 oilfield cluster in the country's northeast, oil industry sources reported on Wednesday.

Wed, 20 Mar 2019 12:28:53 GMT

Inmarsat in talks on $3.3B transatlantic deal

Inmarsat Plc stated it had received a takeover bid from the private equity-led consortium that could value the UK satellite firm at around $3.3B, taking it private.

Wed, 20 Mar 2019 11:39:41 GMT

Invesdor acquires Austrian peer Finnest

Invesdor, the Finnish crowdfunding company, agreed to acquire Austria's peer Finnest, seeking the acquisition would trigger further consolidation in the EU crowdfunding market.

Wed, 20 Mar 2019 10:24:21 GMT

Companies express interest in Malaysian Airlines

Malaysia stated it had received interest from foreign and local companies to acquire the struggling national airline Malaysia Airlines Bhd, Mahathir Mohamad, the country's Prime Minister stated on Wednesday.

Wed, 20 Mar 2019 10:20:13 GMT

MLS partners with MGM-CVC joint venture

Major League Soccer has tied up with Roar Digital, a joint venture clinched between GVC Holdings and MGM Resorts International, gaining a unique sports betting partner, it announced on late on Tuesday.

Wed, 20 Mar 2019 09:33:06 GMT

Kroger plans Turkey Hill unit sale to Peak Rock

The US supermarket chain Kroger announced it was planning a sale of its Turkey Hill unit to an affiliate owned by the private equity group Peak Rock Capital, not disclosing the financial terms of the deal.

Wed, 20 Mar 2019 08:35:25 GMT

Tencent considers bidding for A.S. Watson stake

Tencent Holdings, China's tech firm, is exploring a bid for a 10% Temasek Holdings' stake worth $3.0B in the health and beauty retailer A.S. Watson, according to a Bloomberg report published on Wednesday.

Wed, 20 Mar 2019 08:26:05 GMT

Aeris makes $575M bid for Glencore mine

On Wednesday, Aeris Resources, small Australia's copper producer, stated it had made a $575 bid to acquire the global miner and trader Glencore's copper mine CSA in the New South Wales state.

Wed, 20 Mar 2019 07:34:37 GMT

Bain Capital likely to delay Toshiba Memory IPO

The US buyout group Bain Capital is expected to postpone the Toshiba Memory initial public offering until November that seems to be one of the largest listings in Japan this year.

Wed, 20 Mar 2019 07:29:09 GMT

Glossier gets value of $1.0B in funding round

The online cosmetics brand Glossier gained value of more than $1.0B in its latest round of funding led by Sequoia Capital, becoming another billion-dollar makeup company that is powered by its founder's popularity in social media.

Wed, 20 Mar 2019 05:59:01 GMT

China's Tencent Music reaches low pitch

China's Tencent Music streaming firm reported its first earnings as a public corporation. However, the report exposed the company's production cost and soaring license.

Wed, 20 Mar 2019 05:58:51 GMT

Samsung new Galaxy smartphones are selling well in China

Samsung Electronics's Co-Chief Executive DJ Koh said on Wednesday that the company's newest Galaxy flagship smartphones are selling well in China.

Wed, 20 Mar 2019 05:10:42 GMT

Confidence among Asian companies near three-year low

According to a survey by Thomson Reuters/INSEAD, Asian business sentiment remained near a three-year low in the Q1, as the United States and China trade war dragged on.

Wed, 20 Mar 2019 05:09:25 GMT

Asian shares decline on Wednesday

On Wednesday, Asian shares retraced from a six-month high level, as investors and traders monitor the ongoing US Federal Reserve monetary policy meeting.

Wed, 20 Mar 2019 03:50:41 GMT

Wall Street edges higher, as Fed meeting begins

US stocks edged higher Tuesday, as investors and traders monitor the ongoing US Federal Reserve monetary policy meeting.

Wed, 20 Mar 2019 03:50:32 GMT

Trump is optimistic about trade talks with China

The US President Donald Trump said on Tuesday that trade negotiations between the United States and China "are going very well".

Wed, 20 Mar 2019 02:59:47 GMT

Global equity market and oil hit 2019 highs

Shares across the world extended its gains for the seventh consecutive trading session, the longest upside rally of the year.

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