News

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Fri, 03 Aug 2018 20:15:29 GMT

Societe Generale close to Bulgarian unit's sale OTP

France's bank Societe Generale was in final negotiations to sell its Bulgaria's unit to Hungarian OTP Bank and is set to announce the deal in August, sources familiar with the matter stated.

Fri, 03 Aug 2018 20:09:09 GMT

Fund consortium to acquire JLIF for $1.8B

One of the UK largest listed investors John Laing Infrastructure Fund stated that it is set to be acquired by a funds' consortium for nearly $1.8B.

Fri, 03 Aug 2018 19:04:18 GMT

Open Fiber gets €3.5B project funds for Italy's fibre optic network

Open Fiber stated that the European Investment Bank, state lender CDP and banks signed a €3.5B project finance package to support financing the ultra-fast broadband network to be rolled out across the country.

Fri, 03 Aug 2018 18:58:12 GMT

US job growth weakens, unemployment rate falls in July

The US job growth weakened more than anticipated in July due to a fall of employment in the utilities and transportation sectors, though a slump in the jobless rate suggested that conditions of the labour market kept tightening.

Fri, 03 Aug 2018 18:20:12 GMT

Italy's ministers to meet over budget

Senior ministers in the Italian government were anticipated to meet to discuss 2019 budget, two sources indicated, as investors concerned over the government's spending plans sold Italy's bonds.

Fri, 03 Aug 2018 18:16:41 GMT

ISM Non-Manufacturing Index at 55.7 in July

The Institute of Supply Management stated that the US non-manufacturing Purchasing Managers' Index fell to 55.7 last month from 59.1 in June, while economists forecast a figure of 58.6

Fri, 03 Aug 2018 17:01:45 GMT

UK regulator: Disney to offer £14 per share to Sky

The UK takeover regulator stated that a review confirmed the ruling that Walt Disney has to offer at least £14 a share to buy Britain's pay-television group Sky.

Fri, 03 Aug 2018 17:00:09 GMT

AIG shares fall 3% after executives downplay weak results

Shares of American International Group decreased more than 3% in morning trading, after executives attempted to downplay weak earnings report.

Fri, 03 Aug 2018 15:50:48 GMT

EZ business growth weakened in July, optimism fades

The business growth in the Euro zone was sluggish at the start of the Q3 as anticipated, hampered by a decline in new orders, which sapped optimism of private sector, a survey revealed.

Fri, 03 Aug 2018 15:50:36 GMT

British services PMI declines to 3-month low last month

IHS Markit reported that activity in Britain's services sector weakened with the services PMI falling to 53.5 in July, after 55.1 in the prior month, missing forecasts for a 54.7 reading.

Fri, 03 Aug 2018 15:18:24 GMT

Kraft Heinz tops forecasts due to higher pricing boosts U.S. sales

Kraft Heinz topped revenue and profit estimates for the quarter, as the Tater Tots maker increased product prices and reported higher-than-expected sales from the US, sending shares up 4% in early trading.

Fri, 03 Aug 2018 15:09:41 GMT

US trade deficit grows markedly in June

The US trade deficit marked the biggest rise in more than year and a half in the month of June, as the support to exports from shipments of soybean and higher oil prices raised the import bill.

Fri, 03 Aug 2018 14:13:18 GMT

Kudlow warns China about tariffs increase

The White House Economic Adviser Larry Kudlow said on Friday that China should not underestimate decisiveness of the US President Donald Trump to protect his country's trade interests.

Fri, 03 Aug 2018 14:08:53 GMT

Dish reports profit increase

The US satellite television provider Dish Network Corp reported on Friday an increase in quarterly profit, as a result of lower than projected number of lost subscribers.

Fri, 03 Aug 2018 13:02:37 GMT

China views latest tariffs as rational

The Commerce Ministry of China stated on Friday that its latest proposed tariffs on $60B worth American goods were rational and moderate, adding that the country reserves a right to adopt new measures in case of continuation of a trade war.

Fri, 03 Aug 2018 13:02:25 GMT

Italian stocks down amid tensions in government

The value of Italian bonds and stocks in Italian financial institutions decreased on Friday amid concerns over new round of disputes in the recently formed government.

Fri, 03 Aug 2018 11:55:15 GMT

GoDaddy misses analysts' estimates for web hosting sales

GoDaddy.com, the Internet domain provider, reported on Thursday its sales from the web hosting business below the Wall Street estimates, bringing the company's shares down 4%.

Fri, 03 Aug 2018 11:55:05 GMT

Spain's Almirall to buy five dermatology brands for $650M

On Friday, Spain's pharmaceutical firm Almirall stated it had agreed to acquire five dermatology brands from the US company Allergan in a cash-deal valued at $650M.

Fri, 03 Aug 2018 11:24:00 GMT

GoPro views revenue to top forecasts, eyes three new cameras

GoPro, the action camera producer, is expecting its revenue of the current-quarter to beat the Wall Street forecasts, it said on Thursday, adding it is also planing to introduce three new cameras.

Fri, 03 Aug 2018 11:10:15 GMT

Amazon faces fine from Italy over unauthorised postal services

On Thursday, AGCOM, the Italian communications regulator stated it fined Amazon €300K, as the world's largest retailer had been offering unauthorised postal services.

Fri, 03 Aug 2018 10:04:06 GMT

Financial Times reporters complain about CEO's salary

A faction of reporters from Financial Times have announced their complaints about the fact that the CEO of FT has earned almost $3.6 million.

Fri, 03 Aug 2018 09:59:07 GMT

Chinese state buys sells US Dollar

Various banks belonging to the Chinese state were dumping the US Dollar on Friday in an effort to stop the fall of the Chinese Yuan.

Fri, 03 Aug 2018 09:39:22 GMT

Activision Blizzard's Q2 profit tops estimates on Call of Duty sales

Activision Blizzard bet the wall Street forecasts for the Q2 profit this Thursday, boosted by its blockbuster videogame "Call of Duty" strong sales.

Fri, 03 Aug 2018 09:25:30 GMT

FCC issues rules for 5G networks spectrum auction

On Thursday, the Federal Communications Commission announced measures for bidding on the high-band spectrum necessary to build the next generation of the 5G wireless networks.

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