News

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Fri, 24 Aug 2018 09:37:12 GMT

Kingspan shares surge 8% amid better-than-expected profit results

Shares in Kingspan, Ireland's building materials company, jumped 8% this Friday due to a report on its half-year profits that bet analyst's forecasts, driven by its recent acquisitions strong performance and core insulation business.

Fri, 24 Aug 2018 09:04:35 GMT

Siemens denies job cuts

The German engineering company Siemens explained in a statement on Friday that it did not plan to cut 20k jobs, as previously reported by Manager Magazin.

Fri, 24 Aug 2018 09:01:39 GMT

US Dollar edges lower before Powell speech

The US Dollar weakened on Friday, as investors were waiting for the Fed Chair Jerome Powell delivering a speech later in the day that could show the bank's monetary policy plans.

Fri, 24 Aug 2018 08:12:42 GMT

Google terminates 39 YouTube channels linked to Iran

Alphabet's Google stated it had detected and removed 39 YouTube accounts that were linked to the Islamic Republic of Iran Broadcasting.

Fri, 24 Aug 2018 08:09:21 GMT

VMware's Q2 profit, revenue beat estimates

On Thursday, VMware posted better-than-expected Q2 revenue and profit results, driven by a higher demand for the company's cloud software service.

Fri, 24 Aug 2018 07:14:55 GMT

HP posts better-than-expected quarterly results

On Thursday, HP topped analysts' forecasts for its quarterly results, raising its annual adjusted profit estimates, driven by the rapid growth in the company's personal systems business and the Samsung printer business acquisition.

Fri, 24 Aug 2018 07:10:26 GMT

US launches bribery probe into Microsfot over Hungary sales

Microsoft is facing the US bribery probe over potentially corruption and bribery linked to its Hungarian software sales, according to the Wall Street Journal's report published on Thursday.

Fri, 24 Aug 2018 06:37:29 GMT

Platinum Equity considers Vertiv's sale or IPO

Platinum Equity is considering a possible initial public offering or sale of the backup power provider Vertiv, in a deal that could value the firm at about $6.0B, sources reported on Friday.

Fri, 24 Aug 2018 06:33:32 GMT

Britain's Petrofac plans interest sale in Greater Stella Area

Petrofac Ltd, Britain's oilfield services provider, stated on Friday it would sell its interest in the North Sea's Greater Stella Area to the gas and oil operator Ithaca Energy for about $292M.

Fri, 24 Aug 2018 05:12:34 GMT

Waymo establishes subsidiary in Shanghai

Waymo, Alphabet Inc's self-driving car project, has registered a fully-owned enterprise called Huimo Business Consulting in Shanghai with capital of ¥3.5M.

Fri, 24 Aug 2018 05:06:46 GMT

Morrison becomes PM of Australia

As a result of the Liberal party's victory in Australian parliamentary elections, the current Treasurer Scott Morrison will take position of the country's sixth Prime Minister.

Fri, 24 Aug 2018 03:31:21 GMT

Japan price growth inflation stalls in July

Japan's annual consumer inflation stalled in the month of July and government pressure to cut smartphone fees could undercut price growth ahead, hindering the central bank's efforts to reach the price target.

Fri, 24 Aug 2018 03:24:34 GMT

China's official: US tariffs to affect high-tech industries

The Chinese state planner stated that tariffs imposed by the US on Chinese high-tech products are likely to impact high-technology industries in both the US an China.

Thu, 23 Aug 2018 19:56:02 GMT

Italian minister opposes idea CDP acquiring Autostrade stake

On Thursday, Danilo Toninelli, Italy's Transport Minister, dismissed the idea of the state lender CDP acquiring a stake in Autostrade per l'Italia, the toll road operator, La Verita newspaper reported.

Thu, 23 Aug 2018 19:55:52 GMT

Crypto exchange Bittrex ties up with broker Rialto over trading venue

The American cryptocurrency exchange Bittrex has teamed up with Rialto Trading, the registered broker-dealer, to offer trading venue for the blockchain-based digital assets, both firms stated on Thursday.

Thu, 23 Aug 2018 19:17:01 GMT

Brazil's Usiminas plans stake sale in miner Musa

Brazil's steelmaker Usiminas is seeking to sell its 70% stake in the Musa mining company by hiring Banco BTG Portugal, in a deal that could be valued at $255.6M.

Thu, 23 Aug 2018 19:11:52 GMT

Hutchison to win EU approval for Veon takeover

CK Hutchison is set to gain the European approval for its $2.8B deal to acquire Veon from Italy's joint venture, sources familiar with the takeover deal reported.

Thu, 23 Aug 2018 18:10:57 GMT

Italy warns about suspension of EU funding in case of no migrant deal

On Thursday, the Deputy Prime Minister of Italy Luigi Di Maio claimed that he and his party will vote for EU funding suspension if Italy's European partners could not agree on a new migrant deal. 

Thu, 23 Aug 2018 18:10:44 GMT

Beijing expresses concern over Huawei 5G ban in Australia

On Thursday, the Foreign Ministry and the Commerce Ministry of China expressed concern regarding the recent ban of Huawei from 5G mobile network, urging Australian authorities to provide a fair competition for Chinese companies.

Thu, 23 Aug 2018 17:31:28 GMT

Mexico wants banks and fintech to increase financial inclusion

On Thursday, Arturo Herrera, the Deputy Finance Minister of Mexico claimed that the new Mexican government will look to corporate banks and fintech companies to increase financial inclusion in Mexico. 

Thu, 23 Aug 2018 17:24:41 GMT

Saudi Arabia to borrow $12B from international banks

On Thursday, the Financial Times reported that the sovereign fund of Saudi Arabia is planning to borrow $12B from international banks after IPO of the oil giant Saudi Aramco was put on hold.

Thu, 23 Aug 2018 16:02:30 GMT

Air France to stop its flights to Tehran starting September

Air France KLM is planning to end flights to Tehran starting September 18 due to a weak demand, the carrier's spokesman stated on Thursday.

Thu, 23 Aug 2018 15:56:22 GMT

Ford's official appointed as US Special Representative to DPRK

On Thursday, the US State Secretary Mike Pompeo stated that the Vice President of Ford carmaker Stephen Biegun had been named as the US Special Representative to North Korea.

Thu, 23 Aug 2018 15:24:03 GMT

Goldman Sachs launches digital consumer platform in UK

Goldman Sachs opened a digital consumer savings bank Marcus in Britain, targeting its own staff, an internal memo seen by Reuters showed on Thursday.

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