News

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Thu, 21 Nov 2019 05:52:48 GMT

DNB eyes NOK 2B cost slash

DNB is expected to expand its near-term share buybacks, while aiming to cut costs 1.5B-2B Norwegian crowns in the following three years.

Thu, 21 Nov 2019 04:47:31 GMT

Electric Mercedes-Benz SUV to debut at $67.9K

Daimler is set to start selling the company's all-electric Mercedes-Benz EQC in the US early in 2020 at a $67,900 starting price, the carmaker stated.

Thu, 21 Nov 2019 04:01:47 GMT

Continental to cut 5K positions

Continental said that it would reduce engine manufacturing activities, as emissions rules threaten demand for engine components, resulting in around 5K job cuts by 2028.

Thu, 21 Nov 2019 03:34:40 GMT

Apple to build new campus in Texas

Apple Inc announced that it started a new $1B campus construction process in Texas to house at least 5K employees, with the capacity to expand to 15K positions.

Wed, 20 Nov 2019 20:48:25 GMT

Target lifts annual outlook ahead of holiday season

Target Corp has increased its full-year profit outlook after reporting better-than-estimated Q3 results on Wednesday ahead of the winter holiday season, sending the company's shares up over 10%.

Wed, 20 Nov 2019 20:02:05 GMT

Prosus calls on Just Eat investors to accept its bid

Prosus NV, the Dutch technology firm, urged Just Eat's shareholders to accept the company's unsolicited £4.9B cash offer for the British food delivery operator by December 10, rejecting Takeaway.com's bid.

Wed, 20 Nov 2019 18:52:27 GMT

China's Pinduoduo reports bigger loss amid surging costs

On Wednesday, China's Pinduoduo reported a bigger quarterly loss of 2.34B yuan amid higher operating expenses, plunging the e-commerce firm's shares down 13% on the report.

Wed, 20 Nov 2019 17:46:19 GMT

Microsoft Teams gets over 20M daily active users

Microsoft Corp reported that Teams, the software maker's workplace messaging app that allows clients to chat, make calls and share files, surpassed over 20M daily active users, 7M more than July reading.

Wed, 20 Nov 2019 16:48:33 GMT

Alibaba attracts about $12.9B in landmark HK listing

Alibaba Group, China's e-commerce giant, has raised about $12.9B in the Hong Kong landmark listing, pricing its shares at HK$176 each; the city's biggest share sale in nine years.

Wed, 20 Nov 2019 15:47:08 GMT

Intesa seeks to boost commercial partnership with Nexi

On Wednesday, Intesa Sanpaolo revealed it had entered talks with the payments group Nexi over a potential deal that could strengthen their commercial partnership.

Wed, 20 Nov 2019 15:12:40 GMT

Lowe's raises its annual profit forecast

Lowe's Cos Inc has increased its full-year profit estimates on Wednesday, helping allay fears over the US consumer health after its bigger rival Home Depot trimmed the annual sales forecasts ahead of the winter holiday season.

Wed, 20 Nov 2019 14:22:25 GMT

Saudi Aramco plans investor meetings in Dubai, Abu Dhabi

Saudi Aramco is planning to meet investors in Dubai and Abu Dhabi next week in which the state oil giant seeks to attract about $25.6B in the world's largest share sale.

Wed, 20 Nov 2019 12:50:19 GMT

US FAA to be tougher on Boeing 777x certification

The US Federal Aviation Administration's head Steve Dickson stated on Wednesday the FAA would be tougher regarding the Boeing 777x certification following deadly crashes involving the 737 MAX model.

Wed, 20 Nov 2019 12:35:03 GMT

Emirates aims to resume airline expansion by early 2020s

On Wednesday, the Emirates President Tim Clark stated at the Dubai Airshow that the airline would resume its expansion potentially by early 2020s, after announcing a $9B order for 30 Boeing's 787 Dreamliners.

Wed, 20 Nov 2019 10:49:20 GMT

Singapore proposes crypto future regulation

On Wednesday, the Monetary Authority of Singapore revealed that it intends to regulate cryptocurrency futures trading. The decision was made under pressure from international investors.

Wed, 20 Nov 2019 10:34:38 GMT

Westpac hit by 23M money laundering breaches

Australia's Westpac Banking is accused of 23M breaches of the anti-money laundering laws, regulators stated on Wednesday, adding the banking giant has been ignoring red flags, enabling payments from "high risk" countries and convicted child sex offenders for years.

Wed, 20 Nov 2019 09:39:30 GMT

Emirates orders 30 Boeing Dreamliners

The Emirates airline revealed on Wednesday a $8.8B worth order for 30 Boeing's 787-9 Dreamliners after crunch talks at the Dubai Airshow, laying the ground for a cut in orders for the postponed 777X airliner.

Wed, 20 Nov 2019 07:54:36 GMT

US Fed approves BB&T, SunTrust Banks merger

The US Federal Reserve has granted its approval for a merger deal between SunTrust Banks Inc and BB&T Corp, sealing the largest banks tie-up since the global financial crisis in the 2007-2009.

Wed, 20 Nov 2019 07:26:37 GMT

Novartis considers bid for Medicines Co

Novartis is exploring a bid for the US biotechnology company The Medicines Co in a potential deal that could boost the Swiss cardio franchise, according to a Bloomberg report.

Wed, 20 Nov 2019 06:19:48 GMT

Johnson promises quick Brexit

On Tuesday, the British Prime Minister Boris Johnson participated in TV debate with the opposition leader Jeremy Corbyn, in which he said that he was the only person who could guarantee quick Brexit.

Wed, 20 Nov 2019 05:16:54 GMT

Westpac faces AML charges

On Wednsday, Australian regulator accused Westpac Banking Corp of breaching anti-money laundering (AML) rules, saying that the firm allowed paymets from high risk countries.

Wed, 20 Nov 2019 03:56:41 GMT

ConocoPhillips unveils long-term plan

ConocoPhillips shares were up by 1.3% on Tuesday after the company unveiled its long-term plan, which includes a free-cash-flow projection of $50 billion over the next 10 years.

Wed, 20 Nov 2019 03:05:01 GMT

Kuwait's Emir appoints Ahmad al-Sabah as PM

On Tuesday, Kuwait's Emir Sheikh Sabah al Ahmad al Sabah has appointed the former Foreign Minister Sabah Al Khalid Al Sabah, as the new Prime Minister of Kuwait.

Tue, 19 Nov 2019 20:56:02 GMT

Johnson, Corbyn participate in TV debate

On Tuesday, the British Prime Minister Boris Johnson and the opposition leader Jeremy Corbyn participated in the ITV debate and promised to make the tone of political debate more polite.

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