News

Note: This section contains information in English only.
Fri, 04 Oct 2019 06:49:39 GMT

Tesla stock down 6% as deliveries disappoint investors

Tesla's shares plunged 6% on Thursday, as the electric car producer's quarterly deliveries disappointed Wall Street investors, with 197K vehicles delivered in total and missing the estimates for 97.477 units.

Fri, 04 Oct 2019 06:36:08 GMT

Britain's BP names Bernard Looney as new CEO

On Friday, Britain's oil major BP stated it had appointed Bernard Looney, the upstream business head, as the company's next CEO to succeed Bob Dudley, who is was set to retire in 2020 after holding his role for about a decade.

Fri, 04 Oct 2019 02:50:08 GMT

Philippines' inflation weakest in three years

Philippine yearly inflation slowed more than anticipated to 0.9% in September amid lower electricity and food costs, giving the country's Central Bank room for easing monetary policy if needed.

Fri, 04 Oct 2019 02:34:08 GMT

HP to cut 16% of workforce

The US personal computer producer HP Inc announced that it is set to cut up to 16% or 9K of its workforce within the plan aimed at diminishing costs.

Thu, 03 Oct 2019 19:46:53 GMT

Uber rolls out app to connect workers with businesses

Uber Technologies Inc, the ride-hailing giant, has launched an application, available only in Chicago for now, called Uber Works and aimed at connecting temporary workers with businesses to fill in their gaps in work shifts.

Thu, 03 Oct 2019 18:52:37 GMT

EU officials express doubt over Johnson's Brexit proposals

On Thursday, the European Union officials and diplomats had doubts if Prime Minister Boris Johnson's new Brexit proposals could yield an agreement by the October 31 deadline.

Thu, 03 Oct 2019 17:52:58 GMT

State-controlled Banco do Brasil announces $1.39B share offering

On Thursday, Banco do Brasil announced a $1.39B share offering. The offering would be managed by Banco do Brasil, Caixa Economica, JPMorgan Chase & Co, XP Investimentos and Credit Suisse Group.

Thu, 03 Oct 2019 16:53:57 GMT

ECJ backs Polish consumers over Swiss Franc loans

On Thursday, the European Court of Justice ruled in favour of Poland's consumers with mortgages linked to the Swiss Franc, allowing them to ask the local courts to covert loans into the Polish Zloty.

Thu, 03 Oct 2019 16:00:11 GMT

US stocks remain stable ahead of service sector data

Wall Street's main indexes remained stable on Thursday after declining by 3% in the last two trading sessions, as investors and traders await the ISM's non-manufacturing activity data release.

Thu, 03 Oct 2019 15:21:07 GMT

Constellation Brands hit by pot investment loss

Shares of Constellation slipped by 4% on Thursday, as investors and traders focus on the company's losses in Canopy Growth Corp investment.

Thu, 03 Oct 2019 14:29:33 GMT

Uber to offer JFK airport helicopter taxis at affordable price

Uber Technologies, the ride-hailing company, is set to launch the helicopter flight bookings via its app to the New York City-based JFK International airport at affordable prices for all users, starting October 7.

Thu, 03 Oct 2019 12:41:08 GMT

PepsiCo beats Q3 forecast due to advertising blitz

PepsiCo Inc reported on Thursday better-than-expected Q3 profit estimates, as its healthier products focus and aggressive advertising boosted demand for snacks and beverages in Noth America, sending shares up 2.2% to $136.83.

Thu, 03 Oct 2019 12:04:03 GMT

Tokio Marine to acquire Pure Group in $3.0B deal

Tokio Marine Holdings announced on Thursday it would acquire the US insurer Pure Group in a deal valued at $3.0B, the fourth sizable takeover in the United States within a little more than a decade.

Thu, 03 Oct 2019 11:33:35 GMT

Total comments on electric vehicle batteries

On Thursday, the CEO of the oil group Total announced that the group would like to partner up with another company and start producing electric vehicle batteries.

Thu, 03 Oct 2019 09:43:11 GMT

Stocks decline on new tariffs

During Thursday's Asian and European trading sessions, global stocks declined, as the United States had imposed new tariffs on European goods.

Thu, 03 Oct 2019 09:39:32 GMT

FireEye picks Goldman Sachs over potential sale

Cybersecurity firm FireEye has selected Goldman Sachs Group to advice on a potential sale, according to Business Insider's reported seen on Thursday.

Thu, 03 Oct 2019 08:27:19 GMT

China's Topsports aims to attract $1.0B in HK IPO

Topsports International Holdings, the Chinese sportswear manufacturer, is seeking to raise $1.0B in its Hong Kong initial public offering with its shares seen to be priced at HK$8.50, according to sources familiar with the matter.

Thu, 03 Oct 2019 06:58:24 GMT

Amazon to launch Alexa in Brazil this month

Amazon.com is set to roll out three different devices of Alexa, its virtual assistant, in Brazil this month, amid the company's rapid expansion of its operations in the Latin American largest economy.

Thu, 03 Oct 2019 06:39:53 GMT

Airbnb to pick Goldman Sachs, Morgan Stanley to lead IPO

Airbnb, the short-term home rental firm. is planning to hire Goldman Sachs and Morgan Stanley as the lead advisers on the planned stock market listing next year.

Thu, 03 Oct 2019 02:42:37 GMT

AdvoCare to pay $150M on FTC charges

AdvoCare International, the multilevel marketing firm focused on health and wellness, is expected to pay $150M to settle the US FTC charges that the company operated a pyramid scheme illegally.

Thu, 03 Oct 2019 02:36:38 GMT

Vice Media to buy Refinery29

Vice Media announced that it is set to buy Refinery29, the online publication with the focus on lifestyle and entertainment pieces for women, in a bid to extend content across platforms.

Wed, 02 Oct 2019 20:10:15 GMT

AMS to unveil results of Osram takeover bid on Friday

Austria's sensor specialist AMS is set to reveal the results of its takeover offer for Germany's lighting group Osram this Friday, a spokesman for the company stated ahead of the German public holiday on Thursday.

Wed, 02 Oct 2019 18:53:24 GMT

Guaido needs US support to retain control of Citgo

Juan Guaido, the Venezuelan opposition leader, needs more support from the White House, in order to retain control of Citgo.

Wed, 02 Oct 2019 17:56:58 GMT

Freedom Holding gains approval to list on New York's NASDAQ

Freedom Holding Corporation, a US holding firm, said on Wednesday that it had gained approval to start trading on New York's NASDAQ from October 15.

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