News

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Fri, 15 Nov 2019 16:40:23 GMT

JD.com beats earnings

On Friday, JD.com revealed that the company has beat quarterly earnings forecasts. The announcement caused a surge of the company's stock price.

Fri, 15 Nov 2019 15:41:55 GMT

J.C. Penney stock surges

J.C. Penney published on Friday quarterly results, which revealed that the firm suffered smaller than expected losses. The announcement caused a surge of the company's stock price.

Fri, 15 Nov 2019 14:40:28 GMT

Yen slips on trade talks

During the early US trading on Friday, the Japanese Yen declined, as risk on sentiment returned in the markets. The sentiment was fuelled by an announcement of progress in US-China trade talks.

Fri, 15 Nov 2019 13:44:07 GMT

Earnings boost US stocks

On Friday, the US stock indices surged, as better than expected earnings of some companies caused buying that boosted the indices.

Fri, 15 Nov 2019 12:49:12 GMT

China's JD.com tops Q3 revenue estimates

On Friday, China's JD.com reported its Q3 revenue surged 28.7% to $19.27B, beating analysts' forecasts, driven by robust sales in the group's e-commerce business, sending shares up about 7% on the news.

Fri, 15 Nov 2019 11:53:43 GMT

SBB to buy Hemfosa in $2.4 billion deal

SBB, the Nordic real estate company, has clinched a deal to acquire its rival Hemfosa $2.42B in cash & shares to form a new Nordic leader in the public service properties, like care homes and schools.

Fri, 15 Nov 2019 10:46:11 GMT

Labour promises nationalization

On Friday, the UK Labour party announced that, if it would win the December 12 election, the party would nationalize the telecommunications firm BT's fixed line network.

Fri, 15 Nov 2019 10:37:57 GMT

Global carmakers waiting for Trump tariff decision

Global carmakers across the world are waiting for the US President Donald Trump to make a decision regarding 25% tariffs imposition on the US vehicle and car part imports.

Fri, 15 Nov 2019 08:48:15 GMT

Citi's Polish arm has no interest in acquiring mBank

Bank Handlowy, Citi's Polish unit, has no interest in acquiring the Polish division led by Germany's Commerzbank, its CEO Slawomir Sikora stated on Thursday.

Fri, 15 Nov 2019 07:46:03 GMT

Fortum plan to lift Uniper stake gets green light

Russia has granted an approval for the Finnish utility Fortum's plan to lift its stake in Uniper, the director of the Russian anti-monopoly service and the firm stated.

Fri, 15 Nov 2019 06:48:53 GMT

ProSieben has no interest in merger with Mediaset

The German broadcaster ProSiebenSat.1 stated it takes more interest in collaboration deals in the digital growth areas, rather than in a merger, after Italy's Mediaset increased its shareholding.

Fri, 15 Nov 2019 05:46:05 GMT

Eurazeo seeks to exit Europcar group

Eurazeo, the European investment firm, is considering to sell about 30% stake in the car rental company Europcar Mobility Group, seeking to withdraw from the struggling French firm.

Fri, 15 Nov 2019 04:43:24 GMT

TIM plans stake sale in its tie-up with Vodafone

Telecom Italia is planning a stake sale in the mobile mast tie-up with its rival Vodafone, as the Italian company seeks to infrastructure funds, TIM's CEO announced.

Fri, 15 Nov 2019 04:15:46 GMT

Google's antitrust inquiry to expand into Android

US attorneys general are set to expand the antitrust investigation of Google's advertising practices into its flagship Android business, according to a CNBC report.

Fri, 15 Nov 2019 03:27:32 GMT

Berkshire unveils new investment in Restoration Hardware

On Thursday, Warren Buffett-owned Berkshire Hathaway unveiled its new investment in Restoration Hardware, sending shares in the luxury home furnishings chain up 6.7% on the news.

Thu, 14 Nov 2019 20:53:01 GMT

Walmart raises yearly outlook

It was announced by Walmart on Thursday that the company is increasing its annual profit estimates, as good economic data has boosted future outlook.

Thu, 14 Nov 2019 19:52:24 GMT

Healthcare costs cause US inflation

On Thursday, US PPI data revealed that inflation in the US is being mostly boosted by healthcare costs. Despite the news, the data strengthened the Federal Reserve's stance on not cutting interest rates.

Thu, 14 Nov 2019 18:40:26 GMT

Oil prices trade flat

By the end of Thursday's European trading, crude oil prices traded almost flat, as news from the US and OPEC balanced one another's impact on oil.

Thu, 14 Nov 2019 17:40:06 GMT

Risk off sentiment impacts markets

On Thursday, risk-off sentiment was present in the markets. The sentiment boosted the Japanese Yen and limited stock gains.

Thu, 14 Nov 2019 16:50:17 GMT

Daimler seeks €1B in savings at Mercedes

Tougher emissions rules are expected to hit Daimler's profits next years, prompting the carmaker to seek €1B in savings by cutting jobs at Mercedes-Benz business by the 2022 end.

Thu, 14 Nov 2019 15:45:21 GMT

US PPI jums in October

The US Producer Price Index increased 0.4% in October, the biggest rise since April, supported by higher costs of goods and services, further bolstering the Fed's stance not to cut rates again in the near term.

Thu, 14 Nov 2019 14:51:32 GMT

Britain's Asda reports lower sales in its Q3

Asda, the UK supermarket unit of the US retail titan Walmart, reported on Thursday its comparable sales dropped 0.5% in its fiscal Q3, blaming uncertainty related to Britain's exit from the EU bloc that negatively affected its spending patterns.

Thu, 14 Nov 2019 14:01:21 GMT

Ford to name new electric SUV as Mustang

Ford Motor Co will be using the Mustang name for the carmaker's new electric SUV, calling it Mustang Mach-E and planning to trigger the car order in the US, Canada and EU starting November 17.

Thu, 14 Nov 2019 13:01:12 GMT

OPEC expects smaller oil surplus next year

On Thursday, OPEC stated it is expecting a smaller oil surplus of 70K bpd in 2020, but still sees a drop in demand for the crude oil to 29.58M bpd.

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