News

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Tue, 30 Oct 2018 07:38:16 GMT

Wirecard's revenue rises 35% in Q3

On Tuesday, the German fintech group Wirecard reported its revenues surged 35% in the Q3 to €549.2M, topping analysts' estimates of €529.9M.

Tue, 30 Oct 2018 07:34:31 GMT

Nintendo Q2 profit jumps 30%, but misses forecasts

Japan's Nintendo has posted a 30% rise in its Q2 operating profit this Tuesday, albeit missing analysts' expectations, as company's sales boost its earning recovery.

Tue, 30 Oct 2018 05:41:24 GMT

Walmart introduces innovations during holiday season

Walmart Inc announced on Tuesday that this holiday season the retailer is offering fast checkout and digital store maps.

Tue, 30 Oct 2018 05:41:17 GMT

Oil prices decrease on Tuesday

On Tuesday, global crude oil prices decreased, as various signs showed that global oil supply has increased.

Tue, 30 Oct 2018 05:29:59 GMT

USD remains firm on Tuesday

On Tuesday, the US Dollar held its overnight gains, as it was supported by safe haven buying caused by the dumping of the Chinese Yuan, which reached a ten year low level.

Tue, 30 Oct 2018 05:29:31 GMT

China's authorities call out Xiaomi

On Tuesday, the Chinese Ministry of Finance revealed that the Chinese smartphone company Xiaomi has made errors in accounting

Tue, 30 Oct 2018 04:20:50 GMT

Mondelez to rise price to cope with higher freight costs

Mondelez International stated that it would rise prices for biscuits, candies and gums in the US and certain emerging markets in 2019 to battle increasing transportation and freight costs.

Tue, 30 Oct 2018 04:19:09 GMT

Google to grant $25M to AI

Alphabet's Google announced that it is set to grant nearly $25M globally in 2019 to environmantal and humanitarian projects, seeking to use artificial intelligence to speed up and grow projects' efforts.

Tue, 30 Oct 2018 02:57:03 GMT

BHP trims China, US GDP growth forecasts amid trade conflict

The world's largest miner BHP Billiton trimmed expectations of global expansion for 2019 and 2020 amid trade conflict between the US and China, the company's Chief Commercial Officer stated.

Tue, 30 Oct 2018 02:53:47 GMT

Japan's unemployment rate falls to 2.3%

The Japanese jobless rate dropped to 2.3% in September, while jobs' availability improved to the strongest level since January 1974, government data revealed.

Mon, 29 Oct 2018 21:17:17 GMT

Telecom Italia likely to pick I Squared as bidder for Persidera stake

Telekom Italia is likely to choose the US firm I Squared Capital as the preferred bidder for a stake sale in its broadcasting unit Persidera during the board meeting scheduled for Tuesday.

Mon, 29 Oct 2018 20:54:26 GMT

Mobileye, VW to roll out Israeli first self-driivng ride-hailing service

Intel's Mobileye and Volkswagen are planning to launch first ride-hailing service in Israel, using autonomous cars, as early as in the beginning of the next year, both companies confirmed on Monday.

Mon, 29 Oct 2018 20:25:22 GMT

Brookfield likely to acquire Johnson Controls' battery business

Johnson Controls International is getting closer to selling its power solutions unit, focused on the car battery production, to Brookfield Asset Management in a deal that could be valued at $13B-$14B.

Mon, 29 Oct 2018 20:20:49 GMT

Mars gets EU approval for AniCura acquisition

On Monday, the European Commission stated it had granted its approval for the EU veterinary business AniCura's takeover by the US pet food producer Mars Petcare.

Mon, 29 Oct 2018 19:16:50 GMT

British government plans to sell RBS stake by 2024

The UK government has announced plans to sell all the remaining shares in the Royal Bank of Scotland by 2024.

Mon, 29 Oct 2018 19:07:10 GMT

Di Maio calls for unity within 5-star party

On Monday, Italy's Deputy Prime Minister Luigi Di Maio warned against party divisions, after the 5-star movement party was forced to reverse an electoral pledge to stop international gas transport project.

Mon, 29 Oct 2018 18:10:20 GMT

Moody's says British public debt to remain high

On Monday, the rating agency Moody's said that British public debt could be set to remain high for a long time and UK's budget confirms the expectations.

Mon, 29 Oct 2018 17:25:15 GMT

Hammond says UK borrowing to decline

On Monday, the British Finance Minister Philip Hammond said that UK's expected borrowing between now and the middle of the 2020s has declined.

Mon, 29 Oct 2018 17:11:47 GMT

Britain plans to impose Digital Service Tax

On Monday, the UK Finance Minister Philip Hammond said that Britain plans to tax the revenues of online platforms like Amazon, Facebook and Google to create a fair tax system.

Mon, 29 Oct 2018 16:36:44 GMT

Danske Bank says whistle-blower can speak to European Parliament

Danske Bank has freed a whistle-blower, who helped to reveal a significant money laundering scandal at its bank from confidentiality obligations, and can testify to the European Parliament.

Mon, 29 Oct 2018 16:31:50 GMT

Al-Falih says Iran's oil exports is difficult to track

The Saudi Arabian Energy Minister Khalid al-Falih said on Monday that it would be difficult to track how much oil Iran will be able to export after the US sanctions kick in on November 4.

Mon, 29 Oct 2018 15:38:06 GMT

TowerJazz views Q4 revenue missing estimates

TowerJazz is expecting its Q4 revenue to miss the forecasts, following the preceding three-month fall, Israel's chipmaker announced on Monday.

Mon, 29 Oct 2018 15:35:35 GMT

Russia's Yandex reports fastest growth since 2012

The Russian search engine Yandex reported on Monday the fastest growth in the last six years since 2012, as the group lifted its 2018 revenue estimates, increasing its share price by nearly 8%.

Mon, 29 Oct 2018 14:39:29 GMT

EasyJet shows progress with electric passenger jets plan

The British airline EayJet is making the progress with its plan to build the electric passenger aircraft for some of the carrier's routes by 2027, the company stated on Monday.

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