News

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Thu, 14 Feb 2019 06:14:49 GMT

Bulgarian employment, salaries up in Q4 last year

Employment and salaries in Bulgaria rose year-over-year in the Q4 of 2018, according to the preliminary data the country's NSI.

Thu, 14 Feb 2019 06:14:02 GMT

BMW global sales grow in January

Deliveries of BMW jumped 0.5% to a total of more than 170K cars in January, the German carmaker announced, owing to strong increase in China.

Thu, 14 Feb 2019 04:34:06 GMT

US posts budget deficit amid tax revenue fall

The US federal government ran a budget deficit $14B in December with revenues falling after tax cuts in 2018, even as the country's economy appeared strong, the Treasury Department reported.

Thu, 14 Feb 2019 04:31:26 GMT

BlackRock hires Fischer as adviser

BlackRock hired Stanley Fischer, the former Fed Vice Chair, for the position of senior adviser, the world's biggest fund manager stated in a memo.

Wed, 13 Feb 2019 20:53:25 GMT

Global stock markets edge higher on US-China trade talks

Global equity markets extended a week-long rally on Wednesday, as investors are hopeful of an agreement between the United States and China in the ongoing trade talks.

Wed, 13 Feb 2019 20:53:15 GMT

Spain's Parliament rejects draft 2019 budget

The Spanish government lost a budget vote in Spain's Parliament on Wednesday, paving the way for a snap election.

Wed, 13 Feb 2019 20:06:17 GMT

Cohen to testify to US Congress before going to prison

According to the CNBC report, Michael Cohen, the US President Donald Trump former lawyer, would testify to the US Congress before going to prison.

Wed, 13 Feb 2019 20:06:04 GMT

US data shows Apple increases testing of self-driving cars in 2018

On Wednesday, the Californian Department of Motor Vehicles released data that shows that Apple Inc ramped up testing of its self-driving vehicles in 2018.

Wed, 13 Feb 2019 19:10:56 GMT

King Salman announces $22B development projects in Riyadh

On Wednesday, Saudi Arabia's state TV said that the Saudi Arabian King Salman Abdulaziz launched $22 billion development projects in the capital city Riyadh.

Wed, 13 Feb 2019 19:09:34 GMT

Alphabet Inc's Google plans to spend $13B on US data centres

On Wednesday, Google Inc announced that it would spend about $13 billion on data centres in the United States.

Wed, 13 Feb 2019 18:39:56 GMT

Thoma Bravo to buy Ellie Mae for $3.7B

Thoma Bravo, the private equity firm, stated on Tuesday it would acquire Ellie Mae in a deal worth $3.7B, sending its shares up 21%

Wed, 13 Feb 2019 16:58:35 GMT

EU grants approval for Virgin Atlantic deal

The European antitrust regulators have cleared a joint bid launched by Delta Air Lines, Virgin Group and Air France-KLM to acquire Virgin Atlantic, claiming that no competition concerns were raised over the deal.

Wed, 13 Feb 2019 16:50:18 GMT

Symantec takes over Israeli firm Luminate

On Tuesday, Symantec Corp, the cyber security company, announced it had acquired the Israeli firm Luminate Security, seeking to bolster group's security system for a cloud computing.

Wed, 13 Feb 2019 16:32:36 GMT

Virgin Trains USA postpones IPO

Virgin Trains USA announced it had delayed its planned initial public offering, where the company sought to attract over $500M by selling 28.3M shares, due to too high price range for the firm's share.

Wed, 13 Feb 2019 16:27:53 GMT

Vitruvian launches sale of German fintech Smava

The buyout firm Vitruvian put Smava, Germany's consumer credit platform, up for a sale or launch an IPO, seeking to raise about $500M, sources reported.

Wed, 13 Feb 2019 15:25:29 GMT

T-Mobile head set to defend $26B deal with Sprint

John Legere, the CEO of T-Mobile US, stated it would defend the company's $26.0B deal to acquire the wireless carrier Sprint in the US Congress this Wednesday.

Wed, 13 Feb 2019 15:09:43 GMT

Lampert unveils plans for bankrupt Sears

On Wednesday, Sears Chairman Edward Lampert has unveiled plans for the company after the bankruptcy filing, saying it would sublease or sell several of 425 stores and open the smaller ones more focused on tools and appliances.

Wed, 13 Feb 2019 14:39:36 GMT

Huawei expects no sales drop in Poland

China's telecoms company Huawei stated it was not expecting any slowdown in its Poland sales on the company's equipment, adding the situation might potentially have an impact in the future.

Wed, 13 Feb 2019 14:36:58 GMT

Carlyle and Bain consider joint bid for Osram

The PE firms Carlyle Group and Bain Capital are considering to make a joint offer for the German company Osram Licht, Bloomberg sated this Wednesday.

Wed, 13 Feb 2019 12:24:25 GMT

Petrobras sees new offers for TAG soon

The Brazilian state-controlled oil firm Petrobras is likely to seek new offers for its gas pipeline network TAG's acquisition in March, sources reported on Tuesday.

Wed, 13 Feb 2019 12:15:24 GMT

JAB proposes raising stake in Coty to 60%

JAB Holding has proposed to boost the German conglomerate's stake in Coty to 60%, after a 50% drop in the company's market value last year.

Wed, 13 Feb 2019 10:39:59 GMT

Dynamic Map Platform to acquire rival Ushr for $200M

Dynamic Map Platform, Japan's self-drive cars map developer, stated on Wednesday it would acquire its rival Ushr in a deal worth $200M.

Wed, 13 Feb 2019 08:51:12 GMT

Democratic senators seeks Sprint-T-Mobile merger rejection

On Tuesday, the US Democratic senators called on the Federal Communications Commission and Justice Department to reject the proposed $26B merger between Sprint and T-Mobile US.

Wed, 13 Feb 2019 08:51:01 GMT

IHG acquires Six Senses Hotels operations and brands

InterContinental Hotels Group agreed to acquire the Six Senses Hotels Resorts' operating companies and brands in a cash-deal worth $300M, seeking to boost its luxury portfolio.

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