News

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Wed, 13 Nov 2019 11:02:53 GMT

Tencent profit declines

On Wednesday, the Chinese tech giant Tencent Holdings announced third quarter profits. The profits had declined by thirteen percent and missed analyst estimates.

Wed, 13 Nov 2019 10:21:24 GMT

Bidders raise interest in Thyssenkrupp's elevator business

ThyssenKrupp received at least three bids for its majority stake in the company's elevator business Elevator Technology that could potentially fetch as much as $18.7B.

Wed, 13 Nov 2019 08:45:19 GMT

Toshiba posts highest Q2 profit in two years

On Wednesday, Japan's Toshiba Corp reported its Q2 operating profit hit $405.41M, the highest reading in two years, adding it was eager to buy out its three listed subsidiaries, seeking to move away from management crisis and accounting scandals.

Wed, 13 Nov 2019 08:33:46 GMT

Juul to trim $1.0B in costs amid possible reboot

Juul Labs Inc is planning to trim about $1.0B in costs in 2020, as the company's new CEO K.C. Crosthwaite is aiming for a reboot on the back of the regulatory crackdown related to e-cigarettes.

Wed, 13 Nov 2019 06:09:23 GMT

Bolivia's Anez assumes interim president

On Tuesday, Jeanine Anez, the Bolivian Senate leader, assumed office as the interim President of Bolivia after the former President Evo Morales and his vice president, Alvaro Garcia, resigned on Sunday.

Wed, 13 Nov 2019 05:06:46 GMT

Germany's investor sentiment increases

According to the ZEW survey, economic sentiment among Germany's investors increased to -2.1 from -22.8 in October.

Wed, 13 Nov 2019 04:01:20 GMT

CBS misses Q3 revenue estimates

Shares of CBS and sister company Viacom Inc declined by 3% on Tuesday after the company announced its Q3 revenue of $319 million, missing the Wall Street forecasts.

Wed, 13 Nov 2019 03:06:42 GMT

Hungary agrees to 10% reduction of EU funds

According to the document, posted by the European Parliament's Budget Control Committee, Hungary has agreed to a 10% reduction in the European Union funds.

Tue, 12 Nov 2019 20:55:39 GMT

Mediaset net profit jumps in nine months

Mediaset reported a solid rise in its net profit in the nine-month period to September to €101.5M, as decreased costs offset a decline in advertising revenues amid high-profile sports events' shortage.

Tue, 12 Nov 2019 20:20:46 GMT

SAP to reduce research centres

Germany's business software company SAP announced plans to cut the number of research centres, while keeping research development costs unchanged, an executive stated.

Tue, 12 Nov 2019 18:45:23 GMT

French GDP growt to slip to 0.2%

The economy of France is expected to grow 0.2% in the Q4, the Bank of France anticipated, which indicating slowdown from the Q3, as trade disputes cloud the global economy's outlook.

Tue, 12 Nov 2019 17:43:05 GMT

Nissan cuts full-year profit forecast

Nissan Motor cut the full-year profit forecast to the lowest level in 11 years, following weak quarterly report, affected by strong yen and falling sales.

Tue, 12 Nov 2019 17:09:45 GMT

Revolut to raise $500M in 2020

The UK-based digital banking application Revolut was in talks with investors to get at least $500M of funding next year to finance global hiring spree along with expansion the US and Japan.

Tue, 12 Nov 2019 16:28:13 GMT

Juul to cut $1B in costs

Juul Labs is set to cut nearly $1B in costs in 2020, an official said, as its new CEO aimed to turn around the e-cigarette producer following a regulatory crackdown.

Tue, 12 Nov 2019 15:39:11 GMT

CBS misses Q3 revenue forecasts

On Tuesday, CBS Corp reported its Q3 revenue of $319M, or 85 cents for a share, missing analysts' forecasts and sending the company's shares down about 2%.

Tue, 12 Nov 2019 13:44:47 GMT

Osram, Continental to trim costs amid weaker results

On Tuesday, the car suppliers Osram and Continental are planning deeper cost cuts on reporting weaker results amid global slowdown that is hitting the auto industry.

Tue, 12 Nov 2019 12:49:19 GMT

Khalaf named as first woman to edit FT

On Tuesday, Roula Khalaf has been named as the Financial Times editor, becoming the first woman gaining this position in the newspaper's 131-year history, following the resignation announcement by Lionel Barber.

Tue, 12 Nov 2019 11:44:10 GMT

Markets see positive signs from Trump's speech on trade

The US President Donald Trump is set to discuss the US trade policy on Tuesday at the Economic Club of New York, while markets hope for positive signs from his speech.

Tue, 12 Nov 2019 11:20:57 GMT

Croatia plans Euro adaptation

On Tuesday, the Prime Minister of Croatia Andrej Plenkovic announced that Croatia expects to adopt the Euro by the beginning of 2024.

Tue, 12 Nov 2019 10:39:46 GMT

Trump likely to delay EU car tariff decision

The US President Donald Trump is likely to postpone his decision on imposing tariffs on vehicles and car parts imported from the EU for about half a year, EU bloc's officials said.

Tue, 12 Nov 2019 09:15:11 GMT

Huawei to hand out $286M to staff over US curbs

On Tuesday, Huawei Technologies, the Chinese telecoms giant, stated it would give its staff $286M bonus for helping it ride out the US trade curbs.

Tue, 12 Nov 2019 08:34:42 GMT

Nissan posts 70% Q2 profit slump

On Tuesday, Nissan Motor Co reported a 70.4% drop in its Q2 operating profit, as the Japanese carmaker still struggles with slumping sales, trying to recover from the scandal related to the ousted CEO Carlos Ghosn.

Tue, 12 Nov 2019 07:35:32 GMT

Visa to buy Nigeria's Interswitch stake

Visa Inc is set to acquire a 20% minority stake in the Nigerian payments platform Interswitch worth $200M, a deal that would give Nigeria's company a valuation of $1.0B, Sky News reported.

Tue, 12 Nov 2019 06:31:08 GMT

Google signs data deal with Ascension

On Monday, Google signed a large cloud computing deal with Ascension. Google would store customer healthcare data of 150 hospitals and more than 50 senior facilities.

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