News

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Tue, 10 Dec 2019 12:43:21 GMT

Alphabet appoints Prof. Frances H. Arnold to board

Alphabet Inc has appointed Professor Frances H. Arnold, the Nobel Prize laureate in chemistry, to its board, making her a successor to the retired academic Shirley Tilghman.

Tue, 10 Dec 2019 12:39:39 GMT

Uber aims to acquire autonomous car simulation start-up

Uber Technologies ishas entered the advanced talks to acquire the self-driving car simulation start-up, called Foresight, according to The Information's report seen on Monday.

Tue, 10 Dec 2019 11:01:18 GMT

Reuters surveys analysts over SNB policy

On Tuesday, Reuters revealed poll results, which showed that most financial analysts expect the Swiss National Bank to keep interest rates unchanged.

Tue, 10 Dec 2019 09:48:10 GMT

Amazon secures broadcasting rights for top Champions League

Amazon.com has secured broadcasting rights for the top EU soccer Champions League matches in Germany for the 2021/2022 season, the US company announced on Tuesday.

Tue, 10 Dec 2019 08:41:24 GMT

Cboe Global to acquire EuroCCP

Cboe Global Markets has agreed to acquire equities clearing house EuroCCP, it announced on Tuesday, not disclosing the financial terms of the deal.

Tue, 10 Dec 2019 05:40:36 GMT

Johnson & Johnson CEO declines US Congress

The Chief Executive Officer of Johnson & Johnson Alex Gorsky has declined to testify before the US congress on the safety of the company's Baby Powder.

Tue, 10 Dec 2019 05:30:52 GMT

Gold trades flat

On Monday, gold prices fluctuated flat, as the yellow metal was recovering after the major losses suffered on Friday due to the good US employment data.

Tue, 10 Dec 2019 03:40:10 GMT

Apple beats down Wall Street

During Monday's US trading session, US stock indices declined due to Apple shares suffering a decline, which caused a sell off.

Tue, 10 Dec 2019 03:31:02 GMT

JPMorgan seeks one billion USD

On Monday, Bloomberg announced that JPMorgan Chase & Co is looking to raise nearly one billion USD for a mezzanine fund.

Mon, 09 Dec 2019 21:08:14 GMT

Italy's Enel installs giant battery storage system in NYC

On Monday, Italy's Enel announced it had installed its battery storage system, the largest in New York City, which would help power the area of Brooklyn during the peak demand period.

Mon, 09 Dec 2019 19:45:51 GMT

Xerox sees revenue growth of about $1.5B

Xerox Holdings Corp is expecting its revenue growth of up to $1.5B with the proposed acquisition of HP Inc, the personal computer company, Xerox stated on Monday.

Mon, 09 Dec 2019 19:04:03 GMT

Hyundai to face EU probe on its deal with Daewoo

Hyundai Heavy Industries will face an official full-scale EU probe into its $1.8B merger deal with the rival shipbuilder Daewoo amid bloc's serious antitrust concerns, Reuters reported on Monday.

Mon, 09 Dec 2019 18:04:34 GMT

Intel reveals chip capable to control quantum computers

On Monday, Intel Corp has revealed its newly-designed chip called "Horse Ridge" that will be capable to control quantum computers, with the IBM and Microsoft Corp also pursuing the technology.

Mon, 09 Dec 2019 16:59:24 GMT

France's Sanofi to acquire Synthorx in $2.5B deal

On Monday, France's Sanofi has agreed to acquire the California-based biotech firm Synthorx in the all-cash deal valued at $2.5B as the company paves its way into the lucrative cancer drugs field.

Mon, 09 Dec 2019 16:17:41 GMT

Trump plans meeting with Russia's foreign minister

The US President Donald Trump is set for a meeting with Sergei Lavrov, the Russian Foreign Minister, in Washington this Tuesday, according to the news agency Interfax's report.

Mon, 09 Dec 2019 14:52:38 GMT

Nokia calls temporary halt to legal action against Daimler

Nokia, Finland's telecoms equipment maker, has temporarily halted its legal action against Germany's Daimler, hoping that the carmaker will offer mediation in the technology licensing fees dispute between the companies.

Mon, 09 Dec 2019 14:18:47 GMT

Huawei to equip more products with Harmony OS

Huawei Technologies, the Chinese tech giant, is planning to equip more products with its new Harmony operating system in 2020, aiming to promote them abroad and at home, Huawei's spokesman stated on Monday.

Mon, 09 Dec 2019 13:17:20 GMT

Brazil cuts interest rates

On Monday, the central bank of Brazil announced that it would lower its interest rates to a new low level of 4.50%.

Mon, 09 Dec 2019 12:20:57 GMT

UnitedHealth arm to acquire Diplomat Pharmacy for $303M

UnitedHealth Group's pharmacy services division Optum is set to acquire Diplomat Pharmacy in a deal that valued the company in around $303M, Optum stated on Monday.

Mon, 09 Dec 2019 11:33:24 GMT

UK's Dec. 12 election to decide on Brexit

The UK election, set for December 12, will decide on whether Britain leaves the EU bloc in January or launch another EU referendum, with the results to be due on December 13.

Mon, 09 Dec 2019 10:35:06 GMT

HSBC appoints new management amid reshuffle

HSBC appointed Greg Guyett and Georges Elhedery as co-directors of the global markets and banking division, which includes the lender's struggling investment banking business, on the back of reshuffle under the interim CEO Noel Quinn.

Mon, 09 Dec 2019 09:17:19 GMT

Lufthansa plans catering unit LSG sale

Lufthansa is set to launch a partial sale of its catering division LSG in the beginning of 2020 as part of its new strategy, as the company seeks to focus on the airline business.

Mon, 09 Dec 2019 07:47:51 GMT

China still hopes for trade deal with US

China still has hopes for a trade agreement with the United States to be reached as early as possible, before the new US tariffs on China's imports enter into force at this week-end.

Mon, 09 Dec 2019 07:38:06 GMT

France's Sanofi to acquire Synthorx in $2.5B deal

On Monday, France's Sanofi has agreed to acquire Synthorx in an all-cash deal worth about $2.5B, as the company seeks to boost its immuno-oncology pipeline.

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