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Best Buy ceases relationship with Huawei
Thu, 22 Mar 2018 04:33:59 GMT
Best Buy, the largest consumer electronics retailer in the US, would stop purchasing smartphones from China's Huawei, according to sources familiar with the matter. >>
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DJI seeks $500M in ahead IPO funding
Thu, 22 Mar 2018 04:32:52 GMT
China's DJI, the biggest drone maker for consumers, was in negotiations with investors for nearly $500M in pre-IPO funding. >>
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Japanese manufacturing growth slows in March
Thu, 22 Mar 2018 03:05:23 GMT
Markit reported that its preliminary PMI for the Japanese manufacturing sector dropped to 53.2 in March from the prior month's 54.1, whereas analysts anticipated an increase to 54.3. >>
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Australian unemployment rate grows unexpectedly in February
Thu, 22 Mar 2018 03:04:14 GMT
The ABR reported on Thursday that the unemployment rate rose to 5.6% last month, whereas analysts expected it to remain unchanged at 5.5%. >>
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US stocks weaken on Wednesday, energy leads market
Wed, 21 Mar 2018 20:52:11 GMT
US stocks closed the session lower on Wednesday following the Fed's rate hike, while energy stocks were leading the market. >>
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Trump supports $1.3T spending bill
Wed, 21 Mar 2018 20:51:54 GMT
The US President Donald Trump expressed on Wednesday his support for a $1.3T spending bill that includes additional funds for infrastructure, border security and the Pentagon. >>
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Argentina's GDP grows by 2.9% in 2017
Wed, 21 Mar 2018 20:08:43 GMT
The Argentinian economy grew by 2.9% in 2017 and 3.9% during the fourth quarter of the given year, the National Institute of Statistics and Censuses reported on Wednesday. >>
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US business borrowing for capital goods jumps 31% in February
Wed, 21 Mar 2018 20:00:37 GMT
The US business borrowing for equipment surged 31% year-on-year in February to $7.7B, as companies expect increased demand after tax cuts, ELFA reported on Wednesday. >>
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Fed hikes bechmark rate on Wednesday
Wed, 21 Mar 2018 18:59:48 GMT
The Federal Reserve raised its benchmark rate to 1.75% on Wednesday, saying that government spending and tax cuts would boost the US economy. >>
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UBS to pay $230M settlement for misleading investors
Wed, 21 Mar 2018 18:59:28 GMT
UBS AG has reached a settlement with the state of New York worth around $230M for misleading investors about subprime mortgage securities prior to the financial crisis in 2008. >>
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US still reviews Bayer's purchase of Monsanto, says Justice Department
Wed, 21 Mar 2018 18:20:51 GMT
The US Justice Department said it was still reviewing Bayer's plan to purchase Monsanto for $62.5B – a deal which was already approved by the EU earlier on Wednesday. >>
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Tesla approves $2.6B compensation package for Musk
Wed, 21 Mar 2018 18:19:41 GMT
Shareholders of the US-based electric car company Tesla Inc have approved a compensation package worth around $2.6B for the company's CEO Elon Musk. >>
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US citizen sues Facebook, Cambridge Analytica over data breach
Wed, 21 Mar 2018 16:53:58 GMT
A US citizen has filed a lawsuit against Facebook and the UK-based Cambridge Analytica consultancy for obtaining personal data from the social media site without permission. >>
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First Quantum Minerals disputes tax bill from Zambian authorities
Wed, 21 Mar 2018 16:52:46 GMT
The Canadian mining and metals company First Quantum Minerals Ltd is disputing a $8.07B tax bill by Zambian authorities for unpaid import duties from 2012 until 2017. >>
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Italy's SIA favours acquisitions over IPO in 2018
Wed, 21 Mar 2018 16:07:58 GMT
The Italian payment services company SIA was not planning an initial public offering in 2018, but intended to grow through acquisitions, as explained by the CEO Massimo Arrighetti. >>
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