News

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Fri, 26 Oct 2018 03:18:37 GMT

Tokyo inflation steady in October

Tokyo's core inflation remained unchanged in October from the prior month, government data revealed, offering small encouragement for the Central Bank f Japan, as it struggles to reach 2% inflation target.

Thu, 25 Oct 2018 20:35:16 GMT

Tesla Q3 profit quiets critics

Tesla shares soared on Thursday as Wall Street analysts stated that the company passed behind with profitable Q3 results and might not now need to increase outside capital.

Thu, 25 Oct 2018 20:28:45 GMT

British wages pick up, still below pre-crisis levels

The UK households enjoyed strongest wage growth in the year to April, though earnings were still below levels before the 2008 financial crisis, an annual survey revealed.

Thu, 25 Oct 2018 19:22:43 GMT

US business spending on equipment cools in September

The US business spending on equipment remained weak in September, while the goods trade deficit kept widening, as growing imports outpaced exports' rebound, indicating that economic growth moderated in the Q3.

Thu, 25 Oct 2018 19:16:53 GMT

Whirlpool set to increase prices to counter high costs

Whirlpool stated that it expected about $300M in costs amid higher expenses on raw materials and tariffs, and announced plans to counter that via raising prices and exiting loss-making businesses.

Thu, 25 Oct 2018 16:53:35 GMT

IT firm ConvergeOne thinks over sale

ConvergeOne Holdings, the IT services provider, considers selling itself after it has raised a takeover interest from PE firms, sources familiar with the situation stated on Thursday.

Thu, 25 Oct 2018 16:48:14 GMT

StoneCo shares rise 33% in US market debut on Thursday

Shares in the Brazilian firm StoneCo surged 33% on Thursday in their US market debut, bringing the credit card processor's value to $8.88B.

Thu, 25 Oct 2018 15:57:03 GMT

Fortum head does not expect quick progress on Uniper talks

Fortum's CEO Pekka Lundmark stated was not expecting the cooperation talks with the German firm Uniper to have any quick progress, adding they would take time to solve all the issues.

Thu, 25 Oct 2018 15:50:43 GMT

Germany's Metro searching for partner in Chinese business

Germany's Metro has started searching for a strategic partner for the company's Chinese business, as the wholesaler is reviewing all possible options for its Asian unit, Bloomberg reported.

Thu, 25 Oct 2018 15:25:20 GMT

Toshiba Memory plans to go public in autumn 2019

The number two NAND flash memory chip producer in the world, Toshiba Memory, is set to go public next autumn, according to a Kyodo News report published on Wednesday.

Thu, 25 Oct 2018 15:12:44 GMT

Faurecia to acquire Hitachi's arm Clarion for $710M

France's auto parts manufacturer Faurencia will acquire a controlling stake in Japan's Clarion, the car navigation system developer, from its owner Hitachi in a deal worth $710M, according to the Nikkei.

Thu, 25 Oct 2018 14:32:21 GMT

Toshiba weights liquidation of British nuke arm NuGen

Toshiba is thinking over a liquidation of its British nuclear division NuGen, a move that would leave the country to find for alternatives, as the project provided about 7% of the UK electricity.

Thu, 25 Oct 2018 14:27:44 GMT

Essar Steel India offers to pay $7.42B in settlement to creditors

Essar Steel India has proposed a $7.42B settlement to its creditors over claims, a deal that could allow the firm to exit from its bankruptcy process.

Thu, 25 Oct 2018 12:56:53 GMT

Rothschild plans selling trust services unit

Rothschild & Co is planning a sale of its trust services business unit to one of the company's managers amid its intention to focus on the wealth management operation expansion.

Thu, 25 Oct 2018 12:53:56 GMT

CMA CGM seeks buying out other Ceva Logistics shareholders

France's shipping company CMA CGM is set to make a proposal to buy out Ceva Logistics' other shareholders, as it seeks to reinforce a partnership with Switzerland's transport company.

Thu, 25 Oct 2018 12:33:49 GMT

Commerzbank makes offer to acquire NordLB's stake

Commerzbank has made a non-binding proposal to acquire a stake in the German rival NordLB, which seeks to bolster the company's capital by $3.4B to manage bad ship loans.

Thu, 25 Oct 2018 12:30:40 GMT

Curaleaf triples equity offering, plans to attract $400M

The US cannabis company Curaleaf Holdings has tripled its planned equity offering in Toronto to around $400M, bringing the potential value of the company to nearly $4.0B.

Thu, 25 Oct 2018 11:39:45 GMT

WPP ready to sell Kantar stake

On Thursday, the advertising titan WPP is set to announce it was ready to sell its stake in the Kantar data analytics arm to a strategic or financial partner.

Thu, 25 Oct 2018 09:47:12 GMT

Saudi Arabia continues developing large projects

It was revealed on Thursday that Saudi Arabia will continue developing large projects like the Red Sea tourism project, NEOM and the Six Flags recreational park.

Thu, 25 Oct 2018 09:46:46 GMT

China and Japan want to improve ties

On Thursday, it was revealed that the Japanese Prime Minister visited Beijing for a summit with the Chinese leaders in an effort to improve economic ties.

Thu, 25 Oct 2018 09:25:09 GMT

Jaguar sees annual output hitting 100K cars at Slovak plant by 2020

Britain's automaker Jaguar Land Rover is expecting its annual production to hit 100K vehicles at its Slovak factory by 2020, the CEO of the recently launched plant, Alexander Wortberg, stated on Thursday.

Thu, 25 Oct 2018 09:20:58 GMT

China's Wingtech to buy Denmark's Nexperia in $3.6B

The world's biggest smartphone contract maker Wingtech Technology has agreed to acquire the Dutch semiconductor chipmaker Nexperia Holding in a deal valued at $ 3.6B.

Thu, 25 Oct 2018 08:12:19 GMT

Orange posts 3% rise in Q3 operating profit

The French largest telecoms operator Orange reported a 3% jump in its Q3 core operating profit, despite tough competition in the company's home country and its neighbouring Spain.

Thu, 25 Oct 2018 08:05:05 GMT

Tesla's Model 3 to be launched in Australia in mid 2019

On Thursday, Tesla's CEO Elon Musk stated that the new Model 3 electric vehicle would be available on Australia from the middle of 2019.

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