News

Fri, 11 Jan 2019 13:38:55 GMT

Slack plans to go public via direct listing

Slack Technologies is planning to pursue a direct listing in the Q2, which could potentially make it the second large technology company, WSJ reported on Friday.

Fri, 11 Jan 2019 13:34:49 GMT

AB InBev explores partial listing of Asian business

The world's biggest brewer Anheuser-Busch InBev is considering to launch an initial public offering of its Asian business in a move that would help the firm to ease the debt burden.

Fri, 11 Jan 2019 12:25:59 GMT

Chinese retailers cut prices for iPhones amid sales warning

Several China's electronics retailers, such as JD.com and Alibaba's Suning have trimmed the prices for iPhones this week, as Apple blamed the smartphone poor sales in the country.

Fri, 11 Jan 2019 12:00:30 GMT

Germany's Prosieben denies speculations about takeover

On Friday, Germany's broadcaster ProSiebenSat.1 Media denied Frankfurter Allgemeine newspaper's speculations about the company's potential takeover by the local publisher Alex Springer.

Fri, 11 Jan 2019 10:44:21 GMT

Yuan books best week in more than a decade

As Friday's trading was ending in Asia, the Chinese Yuan had booked its best week of gains since 2005 when its value was untied from the US Dollar.

Fri, 11 Jan 2019 10:43:48 GMT

Stocks regain losses due to central banks

On Friday, global stock prices slightly recovered. The recovery was mostly fueled by the announcement that the Federal Reserve will not squeeze their monetary policy as previously intentioned.

Fri, 11 Jan 2019 10:39:01 GMT

Apple to roll out three new iPhones in 2019

Apple is set to launch three new models of iPhone in the current year, including successor to the tech giant's struggling XR phone model, according to the Wall Street Journal.

Fri, 11 Jan 2019 09:39:39 GMT

China's Geely denies selling Daimler's shares

On Friday, Zhejiang Geely Holding stated the company had not sold shares in the German automaker Daimler, denying Bloomberg's report about cutting 9.7% stake.

Fri, 11 Jan 2019 09:37:06 GMT

China's Wanda to launch sports unit IPO in US

China's Dalian Wanda Group filed for an initial public offering in the United States of its spots division, seeking to raise up to $500M, sources with a knowledge of the matter reported.

Fri, 11 Jan 2019 08:26:20 GMT

Brazil grants approval to Boeing-Embraer merger

The Brazilian government granted its approval for a merger between Boeing and Embraer planemakers, maintaining the previously proposed terms of the deal.

Fri, 11 Jan 2019 08:20:43 GMT

Alstom, Siemens to make new offers seeking EU approval for rail deal

The industrial groups Alstom and Siemens are in talks about additional divestments with the EU Commission to receive the approval for their Franco-German rail champion plan, according to Reuters.

Fri, 11 Jan 2019 07:28:38 GMT

Virgin Atlantic close to acquire Flybe

Virgin Atlantic-led consortium is nearing a deal to acquire Flybe Group, the British regional airline, according to Sky News report with no further details provided about the deal's financial terns.

Fri, 11 Jan 2019 07:23:45 GMT

Brazil's BRF concludes sale of its Argentine unit for $35.5M

Brazil's food processor BRF announced a sale of the company's last unit in Argentina, Campo Austral, in a deal worth $35.5M with the local rivals.

Fri, 11 Jan 2019 04:38:21 GMT

Norway's oil investments to surpass $16.56B this year

Norway's Petroleum Directorate stated that it anticipated the country's oil industry investments to surpass $16.56B in 2019.

Fri, 11 Jan 2019 04:32:13 GMT

Audi car sales fall 3.5% in 2018

Audi delivered around 1.81M vehicles to customers worldwide last year, 3.5% less than in the preceding year, the German carmaker stated.

Fri, 11 Jan 2019 03:34:49 GMT

GM's Cadillac to introduce EV

Cadillac is anticipated to become General Motors's lead EV brand, as the US automaker gears up to introduce its new model under the competition with Tesla.

Fri, 11 Jan 2019 03:30:30 GMT

JPMorgan Chase boosts bonus pool 3% for 2018

JPMorgan Chase & Co boosted its bonus pool 3% for 2018 after the division of investment banking topped charts throughout the year, sources familiar with the matter stated.

Thu, 10 Jan 2019 21:30:11 GMT

Honda to close UK production amid Brexit logistics

Japan's carmaker Honda is set to shut the UK operations for six days in the month of April to help to counter border disruption from the UK departure from the EU.

Thu, 10 Jan 2019 21:25:26 GMT

Alstom, Siemens make new offers to get approval for rail plan

Industrial groups Alstom and Siemens discussed additional divestments with the EC to win approval for the plan to create a joint Franco-German rail major.

Thu, 10 Jan 2019 20:26:19 GMT

Austria to tax internet majors 3% of advertising revenue

Austria announced details of the plan to tax internet majors including Google, Amazon, Alibaba and Facebook 3% of their advertising revenue.

Thu, 10 Jan 2019 20:21:15 GMT

Volkswagen sells 6.24M VW cars in 2018

Volkswagen sold 6.24M of VW-branded cars in 2018, despite delivery problems amid new anti-pollution regulations, though warned that the company is likely to keep facing considerable challenges this year.

Thu, 10 Jan 2019 19:20:24 GMT

Norway to decide to whether to exclude Huawei from creating 5G network

Norway was considering whether to join other nations in excluding Huawei from building the part of the country's new infrastructure of 5G telecommunications.

Thu, 10 Jan 2019 19:16:39 GMT

Vodafone to cut up to 1.2K jobs from Spanish business

Vodafone announced plans to cut up to 1.2K jobs from the company's Spanish business, though it declined to provide further details ahead of negotiations with labour representatives at the end of the month.

Thu, 10 Jan 2019 18:20:15 GMT

Chile considers new 19% tax over multinational e-commerce companies

Chile evaluated proposals for an up to 19% tax on multinational digital commerce firms with local operations, the country's Finance Minister stated.

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