Viacom, the Nickelodeon and MTV Networks owner, is set to acquire Pluto TV streaming service in an all-cash deal valuing the six-year-old company at $340M, Viacom announced on Tuesday.
During the Asian session of Wednesday stock prices traded sideways. Some financial outlets blamed a global growth slowdown and the US-Chinese trade relations. Currently these two factors are named when there are no clear explanations.
On Wednesday, Chinese officials announced that the government will increase fiscal spending in 2019 in an effort to boost the local economy. Main focus will be set on tax cuts.
During the Asian trading session on Wednesday the strength of the Japanese Yen decreased. Financial media attributed the drop to an increased risk appetite. Meanwhile, Dukascopy Analytics were expecting the surge for weeks.
On Wednesday, the Bank of Japan decreased its forecasts for inflation. In addition the bank warned about risks to the economy caused by a decrease in global demand.
Johnson & Johnson announced expectations for sales in 2019 that were below analysts' estimates, as the company faces rising competition for older drugs.
China's fiscal spending rose 8.7% in the year of 2018, while revenue increased 6.2% in the same period, official of the Finance Ministry stated.
Subaru stated that the sole car factory in Japan accounting for 60% of global production halted output a week ago after the company found a defect in supplier's component.
Japan's exports dropped the most in the two-year period in December, affected by plummeting shipments to regional markets and China as the US-Sino trade frictions and weak global demand impact the economy.
The US home sales dropped to the lowest level in the three-year period in December and home price increases weakened markedly, suggesting a lingering loss of momentum in the property market.
he UK jobs report revealed that the country's unemployment rate declined to 4.0% in November, strengthened the case of gradual tightening of the Bank of England's monetary policy.
Germany's economic sentiment improved more than expected in January, though an index of current conditions dropped to the lowest level in four years, the ZEW stated.
The economic advised to the Japanese Prime Minister stated that the country must proceed with sales tax hike and move to more sustainable draw in workers from abroad.
Colfax has picked Goldman Sachs to lead its sale process of the gas and air handling Howden business, as part of the company's plan to shift focus on medical devices industry.
The German utility EWE is considering a stake sale potentially worth up to $1.8B in this year's second half, the company's CEO stated on Tuesday, adding the firm is open to foreign investors.
Two bidders for the mobile operator M1, Keppel and Singapore Press Holdings, stated on Tuesday they had no intention to increase price for their offer to gain the majority control of the company.
China's tire producer Roadbot is set to make a $614M investment into construction of its plant in Abu Dhabi, marking another sign of the Chinese strengthening economic ties with the UAE.
On Tuesday, the German labour union Verdi spoke out against any potential merger deal between Germany's two largest banks – Commerzbank and Deutsche Bank.
The preferred bidders for the French company Elior's Areas business unit are seen to be nominated by the beginning of March; potentially among the list of more than ten private equity firms, which had already submitted their offers.
Russia's coal and steel producer Mechel has finalised its restructuring of the $1.0B syndicated pre-export loan, the company announced on Tuesday.
Daimler's Mercedes-Benz Cars is set to launch electric batteries production in Poland's Jawor amid company's intention to accelerate its investments into e-batteries in the near future.
The carmaker Renault is planning to hold a board meeting scheduled for January 24, seeking to discuss the former executive Carlos Ghosn's succession, after he had faced financial crimes allegations.
The United Stated is set to formally seek extradition of Huawei's executive Meng Wanzhou from Canada, the Canadian ambassador for the US stated on Tuesday, as China vowed to respond to White House's actions.
On Tuesday, London Stock Exchange announced its technology would be used by Hong Kong's AAX for cryptocurrency trading platform, allowing the UK exchange operator to enter the crypto-industry.