News

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Mon, 23 Apr 2018 13:32:12 GMT

Netflix plans to attract $1.5B in debt amid expansion

On Monday, Netflix announced it was planning to raise $1.5B in debt, as it seeks to ramp up its expansion in the original content and boost subscription growth across the world.

Mon, 23 Apr 2018 13:27:10 GMT

GSMA delays new technology launch due to US probe

GSMA, the telecom standards organisation, has put its new cell phone technology implementation on hold in the wake of the US government's inquiry into the inquiry involving the group, Verizon and AT&T.

Mon, 23 Apr 2018 11:55:07 GMT

Volvo Trucks to share EV battery technology across brands

Volvo Trucks is eager to share its electric truck battery technology across the brands, as it seeks to offset production and development costs for the expensive component, the company said on Monday.

Mon, 23 Apr 2018 11:54:17 GMT

Fresenius shares jump after it pulls out Akorn takeover

Shares of the German health group Fresenius surged as much as 3.9% on Monday, after it ditched the $4.75B takeover of US generic drug maker Akorn.

Mon, 23 Apr 2018 11:10:52 GMT

Smyths Toys clinches deal to acquire Toys ‘R' Us in Europe

Ireland's Smyths Toys clinched a deal to buy four online stores and 93 stores of Toys ‘R' Us in Switzerland, Germany and Austria, after the US insolvent retailer had abandoned its plan to withdraw from bankruptcy.

Mon, 23 Apr 2018 11:00:56 GMT

Canadian firm Stars Group to buy UK company Sky Bet

Canada's gaming firm The Stars Group is planning acquisition of the British-based gambling company Sky Betting and Gaming form its owners Sky and CVC Capital Partners in a deal valued at $4.7B.

Mon, 23 Apr 2018 10:11:49 GMT

Oil prices decline on Monday

On Monday morning the prices of crude oil declined. Various media outlets quoted various reasons. However, Dukascopy analysts saw the decline as a normal retracement.

Mon, 23 Apr 2018 10:11:08 GMT

Sohn Investment Conference begins on Monday

One of the most popular financial events of the year Sohn Investment Conference is set to begin on Monday in New York.

Mon, 23 Apr 2018 09:33:15 GMT

Subsea 7 seeks acquiring peer McDermott for $2B

The offshore oil services company Subsea 7 offered to acquire the US peer McDermott for around $2B, it stated on Monday.

Mon, 23 Apr 2018 08:51:14 GMT

Fresenius rejects Akorn takeover amid data integrity

Germany's health group Fresenius made a decision to pull out the planned takeover of Akorn, following data integrity breaches findings at the US generic drug maker.

Mon, 23 Apr 2018 08:36:32 GMT

Germany urges for new trade deal between EU and US

The German engineering trade body called on Monday to renew attempts of establishing free trade agreement between the European Union and the United States amid aluminium and steel tariffs.

Mon, 23 Apr 2018 08:34:11 GMT

Air France KLM's shares drop amid wage strikes

On Monday, shares of Air France KLM tumbled 1.4% in early trading due to flights disruption caused by airlines' workers protesting over pay.

Mon, 23 Apr 2018 07:37:22 GMT

Philips posts better-than-expected Q1 results

The first-quarter results of the Dutch health technology firm Philips topped estimates on Monday, as the core profit surged 15% to $422.1M, driven by a high demand for the high-end hospital equipment in the US and China.

Mon, 23 Apr 2018 07:33:29 GMT

Toshiba still seeks to complete memory chip unit sale

On Monday, Toshiba stated it was still seeking to complete its memory chip business sale, despite media reported the company would cancel its $18.6B deal, if China did not grant the approval by May.

Mon, 23 Apr 2018 05:54:39 GMT

GE considers merging its transport unit with Wabtec

General Electric considers merging its train engines manufacturer with Wabtec, the US equipment producer for the rail industry, a source familiar with the issue reported.

Mon, 23 Apr 2018 05:54:23 GMT

Apple to replace some MacBook batteries amid flaws

Apple announced it was ready to offer free battery replacements for a limited edition of MacBook Pros worldwide amid component failure that caused the built-in battery to expand.

Mon, 23 Apr 2018 05:01:41 GMT

CenterPoint Energy closer to buy peer Vectren

CenterPoint Energy, the US regional electric and gas utility, is getting closer to acquire Vectren Corp peer amid company's intention to expand beyond the six US states.

Mon, 23 Apr 2018 04:51:39 GMT

Uber CEO meets transport head over London licence

According to information revealed lately, the Uber CEO Dara Khosrowshahi and the London Transport Commissioner Mike Brown held the second meeting in January over the ride-hailing firm's right to operate in the City.

Mon, 23 Apr 2018 04:34:32 GMT

KPMG, UK Finance urge British finance firms to tie-up on cyber fight

An industry body UK Finance and KPMG's report said on Monday that British financial companies must work together with the law enforcement and government to fight cyber crimes.

Mon, 23 Apr 2018 04:29:47 GMT

SmugMug agrees to buy Flickr for undisclosed amount

On Friday, the photo storage service SumgMug announced it would acquire the image-hosting platform Flickr for an amount that was not disclosed, leaving the image website a right to continue operating as the separate entity.

Mon, 23 Apr 2018 03:22:59 GMT

G7 FM to maintain tough line over Russia

The G7 industrialised nations' Foreign Ministers are anticipated to keep a tough line over Russia on the country's involvement in Syrian and Ukrainian conflicts, but would be open for cooperation.

Mon, 23 Apr 2018 03:22:21 GMT

Japan's export orders fall in April

Japanese export orders dropped for the first time in the 18-month period, as the Yen's gradual appreciation started to erode the country's export competitiveness.

Mon, 23 Apr 2018 02:32:28 GMT

Japanese manufacturing picks up this month

Japan's manufacturing activity grew at the fastest pace in April that the prior month, as domestic demand and output picked up, indicating the economy's recovery.

Mon, 23 Apr 2018 02:31:42 GMT

China opposes all protectionism forms

China's Commerce Minister stated that the country is set to oppose all protectionism forms and would safeguard strongly the multilateral trading system.

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