News

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Tue, 05 Feb 2019 05:31:12 GMT

Reserve Bank of Australia keeps rate unchanged

On Tuesday, the Reserve Bank of Australia made a rate announcement. The central bank kept their base rate unchanged at 1.5%.

Tue, 05 Feb 2019 04:33:19 GMT

British shoppers rise spending cautiously in January

The UK consumers increased the pace of shopping in January, which grew by the most in the seven-month period, giving a relief to retailers after the worst Christmas in a decade.

Tue, 05 Feb 2019 04:30:05 GMT

Alphabet's increased spending worries investors

Alphabet reported markedly higher spending on employees, facilities and video content in the Q4, worrying investors and sending the comapny's shares down nearly 3% after hours.

Tue, 05 Feb 2019 03:21:12 GMT

Construction booming in British regional cities

Construction activity in the UK four regional cities was at a record high, including projects in Manchester, in spite of uncertainty over Brexit, Deloitte stated.

Tue, 05 Feb 2019 03:17:28 GMT

Japan's services PMI grow on rise in domestic demand in January

The Japanese services sector activity increased in January amid a rise in domestic demand, though worries that the country's economic activity is likely to weaken due to the trade war were growing.

Mon, 04 Feb 2019 20:51:44 GMT

Palo Alto considers acquiring security firm Demisto

Palo Alto Networks has entered talks to acquire the US-Israeli IT security company Demisto, according to a financial daily the Calcalist's report published on Monday.

Mon, 04 Feb 2019 20:51:33 GMT

DNB keeps supporting Nasdaq's bid for Oslo Bors

The biggest owner of Oslo Bors, the Norwegian bank DNB, stated it would maintain to support Nasdaq in its intention to acquire the stock market operator, saying Nasdaq's bid was superior to its rival Euronext's offer.

Mon, 04 Feb 2019 20:17:51 GMT

Del Frisco's to add extra board seat

On Monday, the Del Frisco's restaurant operator announced it would add additional board seat on the back of its deal with Engaged Capital, the activist shareholder, which was calling for the restaurant group sale.

Mon, 04 Feb 2019 20:09:37 GMT

Schlumberger drops stake bid in Russia's EDC

Schlumberger, the US oilfield services giant, has scrapped its stake bid in the Russian Eurasia Drilling Company, after no regulatory approval was received, Russia's FAS announced on Monday.

Mon, 04 Feb 2019 19:39:28 GMT

Smart & Final considers selling itself

The US food retailer backed by the PE firm Ares Management, Smart & Final Stores, is exploring various options, which also include a the company's sale, sources with a knowledge of the matter reported.

Mon, 04 Feb 2019 19:33:55 GMT

Tesla to acquire Maxwell Tech for $218M

Tesla is set to acquire the energy storage firm Maxwell Technologies in an all-stock deal worth $218M amid the electric carmaker's intention to develop batteries, which could last longer and hold more energy.

Mon, 04 Feb 2019 18:36:15 GMT

Denmark expels two Huawei staff after inspection

Two Huawei Technologies' employees were expelled by the Danish authorities on Monday after an inspection made at the tech giant's Copenhagen office due to failing to comply with the residence and work permit laws.

Mon, 04 Feb 2019 18:31:35 GMT

Slack confidentially applies for IPO

On Monday, Slack Technologies, the business messaging service, has made a confidential filing for a listing with the US Securities and Exchange Commission, seeking for a valuation over $10B, Reuters reported.

Mon, 04 Feb 2019 16:42:18 GMT

Wall Street opens flat

Stock prices on Monday started the day's trading in the US by opening near Friday's closing prices. The flat start of the week was attributed to a tech surge being neutralized by lower oil prices.

Mon, 04 Feb 2019 16:42:11 GMT

Papa John's share price jumps by nine percent

On Monday, as a hedge fund bought $200 million worth of stock of Papa John's International, the company's share price increased by nine percent.

Mon, 04 Feb 2019 16:00:08 GMT

Malta reveals information about EU sanctions on Venezuela

The Foreign Minister of Malta on Monday revealed that the European Union is evaluating setting additional sanctions on Venezuela. Although, the Minister revealed that no oil embargo is being considered.

Mon, 04 Feb 2019 15:58:53 GMT

Russian Energy Minister speaks about oil cuts

On Monday, the Energy Minister of the Russian Federation announced that Russia is complying with the agreed global oil output cut deal.

Mon, 04 Feb 2019 14:57:04 GMT

Starboard's Smith to take over as Papa John's chairman

Starboard Value's CEO Jeffrey Smith is set to take over as the US pizza chain Papa John's chairman after his hedge fund picked up a $200M stake in the company.

Mon, 04 Feb 2019 14:51:30 GMT

Bill Gross to leave asset manager Janus Henderson

On Monday, the asset manager Janus Henderson stated that Bill Gross, the veteran bond manager, would retire, seeking to focus on his personal assets management and charitable foundation.

Mon, 04 Feb 2019 13:39:19 GMT

Gannett's board scraps MNG's hostile bid

On Monday, Gannett's board of executives has rejected a hostile bid made by the newspaper chain MNG Enterprises, saying its offer had undervalued the company.

Mon, 04 Feb 2019 13:37:02 GMT

Investor group to acquire Ultimate Software

On Monday, Ultimate Software Group announced it had agreed to be acquired by the Hellman & Friedman-led investor group in an all-cash deal worth $11.0B.

Mon, 04 Feb 2019 11:52:49 GMT

Clover Industries shares jump on $359M buyout bid

Shares in South Africa's Clover Industries surged over 20% on Monday on a report about the $358.99M buyout offer proposed by a firms consortium, which includes Brimstone Investment Corporation.

Mon, 04 Feb 2019 11:52:38 GMT

Foxconn set to construct plant in Wisconsin

Foxconn Technology vowed it would establish a plant in Wisconsin after talks between the US President Donald Trump and the group's Chairman Terry Gou.

Mon, 04 Feb 2019 11:08:36 GMT

Oil prices reach high level

Crude oil prices on Tuesday touched the $64 level. Financial media attributed the surge to the situation in Venezuela and the continuation of OPEC production cuts.

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