News

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Wed, 19 Feb 2020 07:44:39 GMT

Qatar Airways raises stake in IAG to 25.1%

On Wednesday, Qatar Airways Group announced it had raised its holding in IAG, the British Airways owner, to 25.1%, purchasing another stake worth $600M as part of QAG's strategy.

Wed, 19 Feb 2020 07:38:23 GMT

Alstom, Bombardier shares drop after $6.7B rail deal

Shares of Canada's Bombardier and Alstom SA plunged 7.88% and 3.2% respectively after the French company agreed to acquire Bombardier's rail unit for up to $6.7B.

Wed, 19 Feb 2020 05:55:14 GMT

AG Barr planning to resign over Trump's tweets

According to the Washington Post report on Tuesday, William Barr, the US Attorney General, is planning to resign over President Donald Trump's tweets regarding the DOJ investigations.

Wed, 19 Feb 2020 04:58:00 GMT

Thailand's economy to grow at slower pace in 2020

According to the minutes of Thailand's Central Bank February 5 meeting, Thai gross domestic product would grow at a slower pace than previously expected in 2020.

Wed, 19 Feb 2020 04:08:04 GMT

Uber to shut down office in downtown Los Angeles

On Tuesday, Uber Technologies Inc announced that it was shutting down its customer support staff office in downtown Los Angeles.

Wed, 19 Feb 2020 02:49:19 GMT

Bloomberg outlines plan to curb Wall Street trading

On Tuesday, Michael Bloomberg, the Democratic US presidential candidate, unveiled eye-catching proposals to control Wall Street trading and increase consumer protections.

Tue, 18 Feb 2020 20:50:38 GMT

Mondelez reopens Chinese plants

Mondelez International announced expectations for a hit to the Q1 revenue and margins from the outbreak of coronavirus and said four of its Chinese plants resumed operations.

Tue, 18 Feb 2020 19:54:47 GMT

Cellcom to acquire Golan Telecom

Cellcom Israel, the country's biggest mobile operator, stated that it would buy its competitor Golan Telecom for $172.59M.

Tue, 18 Feb 2020 19:15:49 GMT

Dell to sell RSA for $2.08B

Dell Technologies announced that it would sell RSA, its cybersecurity unit, for $2.08B to a consortium led by AlpInvest Partners, Symphony Technology Group and OTPP board.

Tue, 18 Feb 2020 18:21:16 GMT

UK to invest £90M to cut CO2 emissions

The UK is set to invest £90M over measures to diminish emiisions of carbon dioxide from houses and industry, including two hydrogen plants, the government stated.

Tue, 18 Feb 2020 16:41:13 GMT

British employment jumps in late 2019

The number of employed people in Britain jumped 180K to 32.9M at the end of 2019 in spite of election jitters, a Reuters poll stated.

Tue, 18 Feb 2020 16:02:12 GMT

Amazon's Bezos to spend $10B in climate change fight

The CEO of Amazon Jeff Bezos is set to commit $10B to fund scientists, activists and other groups fighting against climate change and aiming to protect the environment.

Tue, 18 Feb 2020 15:16:37 GMT

Walmart expects slowing online sales growth

Walmart Inc is expecting a slowdown in its online sales growth after missing analysts' forecasts for the quarterly profit and sales, hit by lower demand for its apparel, electronic and toys, as well as shorter holiday season.

Tue, 18 Feb 2020 14:37:08 GMT

Alstom shares fall after its $6.7 billion Bombardier rail deal

On Tuesday, Alstom shares plunged 4.4% after the French company agreed to acquire Bombardier's rail division for up to $6.7B, in a deal that likely to be scrutinised by unions and regulators.

Tue, 18 Feb 2020 12:49:08 GMT

HSBC to shed assets and 35K jobs in overhaul

On Tuesday, HSBC Holdings PLC announced it would cut $100B in assets, shed its investment bank, revamping its EU and US businesses in a strategy overhaul that would lead to 35K job cuts during the next three years.

Tue, 18 Feb 2020 12:14:22 GMT

Samsung triggers phone delivery service

Samsung Electronics rolled out phone delivery services for its customers to test the tech giant's new products, on the back of the coronavirus outbreak that prompted Samsung to cancel its promotional events.

Tue, 18 Feb 2020 10:44:29 GMT

Apple stock falls on Tuesday

During Tuesday's European trading hours, Apple stock price dropped by almost six percent, as the company reported damage caused by the coronavirus.

Tue, 18 Feb 2020 10:19:35 GMT

Tesla seeks using CATL's cobalt-free batteries in cars

Tesla has entered advanced talks to use CATL's cobalt-free batteries in its China-made vehicles, Reuters reported on Tuesday.

Tue, 18 Feb 2020 08:56:17 GMT

France's Accor tie up with Visa over loyalty programme

On Tuesday, the EU largest hotel group Accor announced it would join forces with the US card giant Visa to offer its lifestyle loyalty programme's members a new payment card called ALL Visa.

Tue, 18 Feb 2020 07:43:02 GMT

Apple sees coronavirus to hit sales

Apple Inc warned it is unlikely to meet the March quarter sales target set a few weeks ago due to the coronavirus outbreak that hit results of the most valuable technology company in the world.

Tue, 18 Feb 2020 06:14:24 GMT

UK comments on talks with EU

During Monday's London trading hours, an aide to the UK PM Boris Johnson stated that the UK would not be threatened into following EU trade rules.

Tue, 18 Feb 2020 05:02:01 GMT

Metro Bank picks new CEO

On Monday, Sky News announced that the interim boss of Metro Bank Daniel Frumkin would become the banks next CEO.

Tue, 18 Feb 2020 03:50:27 GMT

Alstom buys Bombardier rail unit

During Monday's trading hours, Alstom announced that it would buy the rail division of Bombardier for $6.7 billion.

Tue, 18 Feb 2020 02:21:44 GMT

Deutsche Boerse posts profits

On Monday, the Deutsche Boerse posted a quarterly profit increase of 52%, as the company made a net profit of 213.2 million Euros.

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