News

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Tue, 02 Oct 2018 14:37:28 GMT

Ubisoft shares rise on report over partnership with Google

On Ttuesday, shares of Ubisoft surged 2.4% to €98.94, after Google stated it had signed a partnership deal with the France's video games developer over video game streaming service testing.

Tue, 02 Oct 2018 13:29:53 GMT

Tesla says Model 3s production reaches 54,2K in Q3

Tesla produced 53,239 Model 3s cars in the Q3 and delivered almost 56K of its vehicles to customers, according to the report published on Tuesday.

Tue, 02 Oct 2018 13:25:03 GMT

Amazon to lift its minimal US wage to $15

On Tuesday, Amazon.com announced it would increase the minimum wage for its US employees to $15/h, starting the next month on the back of labour units' criticism for a pay disparity.

Tue, 02 Oct 2018 11:51:24 GMT

PepsiCo reports better-than-expected Q3 revenue

On Tuesday, PepsiCo reported a 1.5% jump in its Q3 revenue to $16.49B, beating analysts' expectations, driven by new products development and marketing investments for Latin America.

Tue, 02 Oct 2018 11:51:14 GMT

Australia's Freedom Insurance cuts jobs, CEO and CFO quit

The Australian insurance company Freedom Insurance Group is cutting more of its workforce on the back of restructuring after an inquiry fallout, prompting its Chief Financial Officer and CEO to quit.

Tue, 02 Oct 2018 11:03:58 GMT

Lavazza to take over Mars Inc's coffee unit in $650M deal

Lavazza, Italy's coffee maker, is set to take over the US food titan Mars Inc's coffee unit in a deal valued at about $650, as Lavazza seeks to expand its business internationally.

Tue, 02 Oct 2018 10:57:52 GMT

Denmark seeks to ban new diesel, petrol car sale from 2030

On Tuesday, Denmark's energy and climate ministry stated it would propose to ban the sale of new diesel and petrol vehicles starting from 2030.

Tue, 02 Oct 2018 10:15:22 GMT

European Parliament invites Danske whistleblower

The European Parliament has sent an invitation to the Danske bank's whistleblower to testify before the parliament.

Tue, 02 Oct 2018 10:14:51 GMT

German coalition agrees upon diesel engines

German coalition has agreed that older diesel car owners in polluted cities will have the option to choose between a hardware update and a trade-in incentive.

Tue, 02 Oct 2018 09:32:25 GMT

FTC grants approval for Penn National's takeover of Pinnacle

On Monday, the US Federal Trade Commission has granted its approval to Penn National Gaming for its $2.8B acquisition of Pinnacle Entertainment with divestitures.

Tue, 02 Oct 2018 09:28:38 GMT

Lockheed Martin awarded $632M US defence contract

Lockheed Martin has won a $632M US defence contract to sell Hellfire II missile variants to Japan and the Netherlands, according to a Pentagon report.

Tue, 02 Oct 2018 08:27:43 GMT

Gary Newman seeks leading Fox Broadcasting after takeover deal

Twenty-First Century Fox's co-head Gary Newman is in talks to become a leader of Fox Broadcasting after the takeover deal by Walt Disney is completed.

Tue, 02 Oct 2018 08:19:50 GMT

AM General puts itself up for sale

AM General has hired Macquarie Group, the investment bank, to help it find bidders, as the Humvee military vehicles maker had put itself up for a sale, in which the company can be valued at over $2.0B.

Tue, 02 Oct 2018 07:00:52 GMT

Brazil's StoneCo files for IPO on NY Nasdaq

StoneCo, Brazil's credit card processor, stated it filed for an IPO on Monday on the New York Nasdaq, amid strong competition among payments firms in the Latin American country, while its economy is recovering from a severe recession.

Tue, 02 Oct 2018 06:55:44 GMT

United Tech wins US approval to buy Rockwell Collins

United Technologies, the US aerospace and industrial group, has won the US approval to acquire the avionics producer Rockwell Collins, while China's approval of the purchase still pending.

Tue, 02 Oct 2018 06:39:12 GMT

Thomson Reuters completes deal with Blackstone

Thomson Reuters has finalised a deal to sell the majority stake of its Financial & Risk private unit to Blackstone Group, the company announced on Monday.

Tue, 02 Oct 2018 06:35:36 GMT

Akzo Nobel plans to return $6.4B to shareholders

On Tuesday, Akzo Nobe stated it would return $6.4B to its shareholders after specialty chemicals division's sale this week, as the Dutch paintmaker promised to make such a move in March.

Tue, 02 Oct 2018 04:41:18 GMT

Trump's administrations expects auto job growth

On Tuesday, the Commerce Secretary of the United States announced that tens of thousands of automobile industry jobs are expected to return to the US due to the recent NAFTA agreement.

Tue, 02 Oct 2018 04:41:10 GMT

US Dollar gains against Japanese Yen due to NAFTA

The recent closing of the NAFTA deal pushed the USD/JPY currency exchange rate to a new high level, as the US Dollar gained and the increased risk appetite globally decreased the demand for the Japanese currency.

Tue, 02 Oct 2018 04:21:16 GMT

Asian stock markets decline

Stock prices in the Asian markets decline on Tuesday. Financial media outlets attributed the decline to the fading optimism of the recently closed NAFTA deal.

Tue, 02 Oct 2018 04:20:43 GMT

Oil prices trade near four year high

On Tuesday, crude oil price benchmarks hovered near four year high levels. The surge of the prices was attributed to the upcoming new US sanctions on Iran.

Tue, 02 Oct 2018 03:38:33 GMT

Australia anticipates resource exports to reach $182B in 2018-2019

Australia's government anticipated the nation's resource and energy exports to reach a record of $182B in 2018-2019, buoyed by higher prices for commodities and by the weaker Australian dollar.

Tue, 02 Oct 2018 03:35:45 GMT

PwC sees tech as solution for higher standards

The Big Four accounting firms could invest in technologies that would raise standards beyond what could be achieved by small rivals, the head of PWC stated, defending the firms against Britain's calls to be broken up.

Tue, 02 Oct 2018 02:34:53 GMT

New trade deals to boost Mexican auto parts output

Auto parts production in Mexico is expected to jump about 10% over the next three years, as automakers scramble to adhere to stricter content regulations of the new North American trade agreement.

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