News

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Tue, 27 Aug 2019 09:59:50 GMT

Johnson & Johnson stock surges

On Monday, the stock price for Johnson & Johnson surged, as the company was fined only $572.1 million for causing an opioid epidemic instead of expected $17 billion.

Tue, 27 Aug 2019 09:34:22 GMT

KKR becomes Axel Springer's largest shareholder

KKR has become the largest shareholder of Axel Springer, the German media group, paying $3.2B for its 43.54% stake 43.54% stake, the US private equity company announced on Monday.

Tue, 27 Aug 2019 08:33:54 GMT

Corbyn pledges to stop no-deal Brexit

Jeremy Corbyn, the British opposition Labour Party's leader, claimed he would do everything necessary to prevent a no-deal Brexit, adding he was ready for a meeting with other lawmakers to negotiate tactics on blocking the government's plans.

Tue, 27 Aug 2019 07:19:43 GMT

Sale of Petrobras refineries lures trading giants

Brazil's privatisation deal of eight Petroleo Brasileiro refineries lured some of the world's biggest trading and oil giants as prospective bidders, including PetroChina and Saudi Aramco, sources reported on Tuesday.

Tue, 27 Aug 2019 06:36:52 GMT

French oil major Total ties up with Qatar Petroleum

French oil giant Total announced on Tuesday it had inked deals to transfer its Kenya, Guyana and Namibia assets to Qatar Petroleum.

Tue, 27 Aug 2019 04:52:49 GMT

Yen climbs as traders optimistic over US-China trade war

The Yen climbed on Tuesday due to some investors remaining optimistic over chances for a resolution to the trade war between China and the United States, following a major hit on the global markets amid dispute.

Tue, 27 Aug 2019 04:36:40 GMT

Papa John's to name Arby's head Lynch as CEO

Papa John's International is set to appoint the President of Arby's Restaurant Group, Rob Lynch, as its new Chief Executive, following Steve Ritchie's resignation almost 19 month ago, Bloomberg reported.

Mon, 26 Aug 2019 19:42:26 GMT

US Dollar remains firm

On Monday, the US Dollar regained the losses that were suffered due to a tariff announcement of the US President Donald Trump.

Mon, 26 Aug 2019 19:00:54 GMT

Germany's court temporarily suspends restrictions on FB

On Monday, a German Regional Court in Düsseldorf temporarily suspended a decision, made by the Federal Cartel Office in February, to order Facebook to limit data gathering practices in Germany.

Mon, 26 Aug 2019 18:02:25 GMT

Wall Street bounces on Monday

US stocks jumped on Monday after the US President Donald Trump tried to ease the trade war with China. Shares in tariff-sensitive firms surged by 2%, while a 1.9% rise in shares of Boeing lifted the DJI.

Mon, 26 Aug 2019 16:57:16 GMT

US and China soften trade war stance

On Monday, the US President Donald Trump said that a trade deal with China is coming, as both the United States and China attempted to ease trade tensions.

Mon, 26 Aug 2019 16:00:27 GMT

Crude oil prices edge higher

On Monday, oil prices edged higher after China and the United States tried to ease trade war tensions. Brent crude was up at $59.74 a barrel by 14:10 GMT, while the US WTI was up at $54.90 per barrel.

Mon, 26 Aug 2019 15:11:05 GMT

EU expects UK to pay £39b under no Brexit deal

On Monday, the spokesperson for the European Commission Mina Andreeva said that the United Kingdom must pay the EU £39b divorce bill even under a no-deal Brexit.

Mon, 26 Aug 2019 13:46:31 GMT

Amgen to acquire Celgene's Otezla in $13.4B cash-deal

On Monday, Amgen Inc stated it would acquire Celgene's psoriasis drug Otezla in a cash-deal worth $13.4B, paving the way for the American pharmaceutical company Bristol-Myers Squibb to bid for Celgene with the $74B worth offer.

Mon, 26 Aug 2019 13:00:10 GMT

Kraft Heinz appoints new CFO to replace Knopf

On Monday, Kraft Heinz Co has appointed Paulo Basilio as its new Chief Financial Officer to replace David Knopf, who is set to leave his position and return to 3G Capital, the Brazilian private equity company as a partner.

Mon, 26 Aug 2019 12:38:24 GMT

Tencent rolls out WeChat for drivers

On Monday, Tencent Holdings has rolled out its popular app's version called WeChat for drivers, backed by the Chinese automaker Chang'an Automobile Group, pointing out its further foray into the transportation solutions.

Mon, 26 Aug 2019 10:40:02 GMT

US, China seek to ease trade war, find resolution

China and the United States are seeking to ease their tensions, with Beijing calling on the US President Donald Trump for calm, following imposed tariffs imposed by both countries that hit markets.

Mon, 26 Aug 2019 09:39:50 GMT

Third Point establishes stake in EssilorLuxottica

The US hedge fund Third Point LLC is building a stake in the Ray-Ban maker EssilorLuxottica due to a power struggle inside the world's biggest lenses and glasses producer, sources reported on Monday.

Mon, 26 Aug 2019 08:24:55 GMT

About 100 firms move to Netherlands amid Brexit

About 100 companies have moved to the Netherlands from Britain or established new offices there to stay within the EU bloc amid Brexit, a Dutch agency reported on Monday.

Mon, 26 Aug 2019 07:36:15 GMT

Yuan drops to 11-year low amid US-Sino trade war re-escalation

China's yuan plunged to its 11-year low of 7.1500 per US Dollar on Monday amid sharp re-escalation of the trade war between the United States and China, spooking investors and darkening the the global economic forecast.

Mon, 26 Aug 2019 06:45:14 GMT

Credit Suisse reshapes Swiss unit to attract new clients

Credit Suisse is set to revamp its Swiss division by investment within nearly three years to create a new business area of Direct Banking for commercial and retail clients, Switzerland's second-largest bank stated on Monday.

Mon, 26 Aug 2019 06:22:44 GMT

JAB Holdings plans to attract up to $8.0B for more deals

The EU conglomerate JAB Holdings is planning to raise up to $8.0B from investors, seeking to further its consumer section acquisition deals, including expansion of the company's footprint in veterinary and pet care clinics, according to a report made by the Financial Times on Monday.

Mon, 26 Aug 2019 04:48:05 GMT

China's Megvii files for $500M HK IPO

China's Megvii Technology Ltd, the Alibaba-backed artificial intelligence provider, has filed for a Hong Kong initial public offering worth at least $500M, coming at the time when the city faces political unrest and probably its first recession in the last ten years.

Mon, 26 Aug 2019 04:39:35 GMT

RRJ Capital considers investing $4B in HNA's Ingram Micro

RRJ Capital has entered talks with the Chinese giant HNA Group to invest a $4.0B in Ingram Micro Inc, the US electronics distributor.

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