News

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Tue, 29 Oct 2019 10:42:29 GMT

Air Canada misses earnings

On Tuesday, Air Canada reported that in the third quarter it had missed its earnings. The announcement caused a decline of the company's stock price.

Tue, 29 Oct 2019 10:01:09 GMT

IndiGo nears placing 300-jet Airbus deal

IndiGo, the Indian budget airline, is nearing to place a mammoth order over 300 Airbus A320neo-family aircraft worth $33B, seeking to strengthen its position as the largest carrier in India by market share.

Tue, 29 Oct 2019 09:38:51 GMT

LVMH makes bid for Tiffany & Co

LVMH has made an offer to acquire Tiffany & Co, as the Bulgari and Louis Vuitton owner seeks to boost its presence in the jewellery, sending Tiffany's shares up 31% to its one-year highs at about $130 in New York.

Tue, 29 Oct 2019 07:44:28 GMT

ByteDance denies immediate HK IPO plans

On Tuesday, the video app TikTok's owner ByteDance has denied a report by Financial Times saying the company had immediate plans for the Hong Kong initial public offering, namely in the Q1 of 2020.

Tue, 29 Oct 2019 07:39:09 GMT

Saudi Aramco plans IPO for November 3

Saudi Aramco is planning to trigger its long-awaited initial public offering on November 3, sources reported to Reuters on Tuesday, after postponing the listing to provide advisers with more time to secure investors.

Tue, 29 Oct 2019 06:11:57 GMT

Beyond Meat shares fall

As Beyond Meat announced on Monday new store discounts and revealed an increase of competition, the share price of the company declined.

Tue, 29 Oct 2019 04:41:13 GMT

Amazon could fight Pentagon

On Monday, it was revealed by Reuters that Amazon could challenge the Pentagon's decision to award a $10 billion cloud computing contract to Microsoft.

Tue, 29 Oct 2019 04:28:57 GMT

Lockheed Martin receives new contract

The Pentagon announced on Monday that Lockheed Martin has received a $7 billion defence contract. The news caused a surge of the company's price.

Tue, 29 Oct 2019 03:06:40 GMT

Boeing CEO comments on 737 MAX

On Monday, the Chief Executive of Boeing Dennis Muilenburg stated that he would acknowledge to the US Congress the mistakes made in the development of the 737 MAX airplane.

Mon, 28 Oct 2019 20:41:27 GMT

Apollo lifts Athene stake to bolster its value

Apollo Global Management, the private equity firm, announced on Monday it would pay $1.6B to lift its stake in the retirement services company Athene Holdings in a bid to boost its stock.

Mon, 28 Oct 2019 20:31:39 GMT

Apple rolls out AirPods Pro wireless earphones

On Monday, Apple Inc has released a new version of the company's premium wireless earphones AirPods Pro with a feature of noise cancellation at the price of $249, announcing plans to trigger the shipping on October 30.

Mon, 28 Oct 2019 18:45:56 GMT

S&P 500 hits all-time high on Monday

On Monday, technology stocks brought the S&P 500 index to its all-time high, with the Nasdaq nearing to the record level, boosted on hopes of a potential US-Sino trade deal and growing bets on the third rate trim by the fueled optimism of Federal Reserve.

Mon, 28 Oct 2019 17:40:47 GMT

Alphabet makes takeover bid for FitBit

Google owner Alphabet has made a bid on Monday to acquire FitBit, the US wearable device maker, seeking to boost its presence in the smartwatches and fitness trackers market.

Mon, 28 Oct 2019 16:49:41 GMT

EZ business lending growth weakens

Bank lending to EZ companies declined to 3.7% in September, compared with 4.3% in the prior month, as all big countries recorded decreases.

Mon, 28 Oct 2019 15:47:40 GMT

Carlsberg expects 10% profit rise

Danish brewer Carlsberg revised its annual profit forecast, adding that it anticipates operating profit to increase nearly 10%.

Mon, 28 Oct 2019 15:00:47 GMT

Microsoft shares rise 3.4% on Pentagon's contract win

On Monday, Microsoft's shares surged 3.4% to $145.50 after the tech giant won Pentagon's $10.0B worth cloud computing JEDI contract.

Mon, 28 Oct 2019 14:32:00 GMT

Spotify reports better-than-expected Q3 profit, revenue

Spotify Technology SA reported on Monday surprise Q3 profit and revenue, beating Wall Street's forecasts, as the US music streaming service had added more subscribers than estimated, sending the company's shares up 9%.

Mon, 28 Oct 2019 12:27:57 GMT

AT&T plans adding two new board members

On Monday, AT&T Inc stated it would add new directors to its board, adding it was also considering a sale-off up to $10.0B worth of its non-core businesses in 2020.

Mon, 28 Oct 2019 12:18:52 GMT

HSBC warns of a costly restructuring

HSBC Holdings dropped its next year's profit target, reporting a plunge in its earnings and warning of a potential costly restructuring, the company's interim CEO Noel Quinn stated on Monday.

Mon, 28 Oct 2019 10:47:01 GMT

EU extends Brexit deadline

On Monday, the European Union agreed to a three month Brexit delay. Namely, January 31 was set as the date of Brexit.

Mon, 28 Oct 2019 10:29:44 GMT

UniCredit hit by Italian client records data breach

On Monday, UniCredit stated that a data breach had been identified by its cybersecurity team, involving files that contained about 3M Italian client records.

Mon, 28 Oct 2019 08:44:12 GMT

UK to roll out more mobile airwaves next year

Britain is eager to roll out more mobile airwaves via an auction next year, seeking to boost mobile services, enabling more businesses and people to access the next generation 5G networks, according to a regulator Ofcom.

Mon, 28 Oct 2019 08:32:44 GMT

Prologis to acquire warehouse rival Liberty for $12.6B

On Sunday, the warehouse giant Prologis announced it would acquire Liberty Property Trust, it rival industrial real-estate unit, in a deal worth $12.6BB to boost its US presence due to the e-commerce boom.

Mon, 28 Oct 2019 06:33:37 GMT

Oil prices decline amid market data

Crude oil prices dropped 16 cents or 0.3% on Monday morning, reaching $56.50 a barrel, amid profit decline of Chinese industrial companies.

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