News

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Wed, 30 Jan 2019 10:34:36 GMT

Atos to give investors 23.4% stake payout in Worldline

Atos, the French IT services firm, is planning to pay its investors with a 23.4% stake in its payments arm Worldline SA, it stated on Wednesday.

Wed, 30 Jan 2019 10:30:21 GMT

Medco to acquire Ophir in $511M deal

Indonesia's gas and oil company Medco announced on Wednesday it would acquire Ophir Energy in a sweetened all-cash deal worth $511.02M, as it seeks to boost its assets portfolio in Southeast Asia.

Wed, 30 Jan 2019 09:32:20 GMT

LSE to acquire Euroclear's stake for €278.5M

The London Stock Exchange Group announced on Wednesday it was eager to acquire a 4.92% stake in the EU largest settlement securities house, Euroclear, in a deal worth €278.5M.

Wed, 30 Jan 2019 09:15:45 GMT

LVMH shares surge on strong annual results

On Wednesday, LVMH reported its shares surged about 5%, boosted by the group's strong annual results, and triggering stocks of other luxury goods brands, such as Burbery, Hermes and Kering, to go up.

Wed, 30 Jan 2019 08:25:48 GMT

PG&E files for Chapter 11 amid California wildfires liabilities

On Tuesday, PG&E filed for the Chapter 11 bankruptcy protection as it had faced liabilities worth $30B after the deadly wildfires in California.

Wed, 30 Jan 2019 08:20:29 GMT

RhythmOne, Taptica plan $342M merger

The video advertising companies Tactica and RhythmOne are in talks over the merger all share-deal, potentially worth $342M, which could be announced already this week, according to a Sky News report.

Wed, 30 Jan 2019 07:38:37 GMT

Apple reports sharp growth in services business

Apple reported a sharp growth in the tech giant's services business, while its CEO Tim Cook stated that the trade tensions between China and the United States were easing, allowing the company to recover its shares in hours.

Wed, 30 Jan 2019 07:35:32 GMT

China's NIO plans raising $650M with convertible bond

On Wednesday, China's electric vehicle maker NIO has launched a $650M convertible bond, a few months after its initial public offering in New York.

Wed, 30 Jan 2019 06:08:12 GMT

Apple to cut iPhone prices overseas to offset dollar

Apple is eager to trim the price of some of the tech giant's flagship iPhones overseas, seeking to offset the rising US dollar.

Wed, 30 Jan 2019 06:03:50 GMT

ScS Group considers acquiring Sofa.com

ScS Group, the British carpet and sofa retailer, stated on Tuesday it entered talks to potentially acquire Sofa.com, which had been out up for a sale the last month.

Wed, 30 Jan 2019 05:39:05 GMT

Nissan CEO to meet new Renault chairman this Thursday

Nissan Motor's CEO Hiroto Saikawa is set to hold first official discussion with Renault's new Chairman Jean-Dominique Senard scheduled for this Thursday in the Netherlands, according to NHK.

Wed, 30 Jan 2019 05:35:25 GMT

Pinterest picks investment banks to lead IPO

Pinterest, the image search website owner, hired JPMorgan Chase and Goldman Sachs Group to lead the company's initial public offering planned later this year.

Wed, 30 Jan 2019 04:09:10 GMT

UK shop prices increase at strongest pace nearly six years

Prices in the UK shops significantly in January, though inflation was not a big risk, while the country is able to avoid a no-deal Brexit,.

Wed, 30 Jan 2019 04:09:04 GMT

Costa Rica's economy expands 2.7% in 2018

Costa Rica's economy grew 2.7% last year, the country's Central Bank stated, missing the target and registering weaker growth than the previous year.

Wed, 30 Jan 2019 03:00:40 GMT

Japan retail sales rise in December

Japan's retail sales grew more than anticipated last month, as consumers increased their spending on home appliances and clothes, which is likely to ease some concern over the private consumption outlook.

Wed, 30 Jan 2019 02:55:48 GMT

AMD shares grow on strong data centre revenue

Advanced Micro Devices reported the strongest quarterly increase in data centre sales and expected revenue to be above estimates in fiscal 2019, sending shares up 10% in after-hours trading.

Tue, 29 Jan 2019 21:14:28 GMT

Italy's PPI grows 4.1% in December

The Producer Price Index of Italy grew 4.1% year-over-year in December, below the 4.5% increaase observed in the prior month, the ISTAT stated.

Tue, 29 Jan 2019 21:12:32 GMT

Spain's employment increases markedly in 2018

Spain saw the strongest growth in employment in the 12-year period in the prior year, the INE report showed, the number of employed people rose to 19.56M.

Tue, 29 Jan 2019 20:31:02 GMT

British personal insolvencies rise in Q4

The number of Britons in insolvency rose to the highest level since 2010 in late 2018, according to the official report, indicating that is will likely add to unease on the health of the UK economy ahead of Brexit.

Tue, 29 Jan 2019 20:28:53 GMT

German government expects wages, employment up this year

The German government anticipated employment to reach a record-high level in 2019 and wages to increase, the Handelsblatt reported.

Tue, 29 Jan 2019 19:28:10 GMT

US State Department approves possible Aegis system sale to Japan

The US State Department approved a possible sale of two AEGIS Weapon Systems made by Lockheed Martin and missile defence equipment to Japan for an approximate cost of up to $2.15B.

Tue, 29 Jan 2019 19:25:28 GMT

Harley Davidson anticipated shipments to slump this year

Harley-Davidson reported worse-than-anticipated quarterly profit and forecast a decline in global shipments of the company's motorcycles in 2019, sending its shares down more than 7% in afternoon trading.

Tue, 29 Jan 2019 18:31:49 GMT

US consumer morale falls markedly

The US consumer confidence dropped to the lowest level in more than a year in January as a partial government shutdown and turmoil of financial markets left households nervous about the prospects of the economy.

Tue, 29 Jan 2019 18:29:12 GMT

NY watchdog fines StanChart $40M

The New York DFS fined Standard Chartered $40M for the attempts to rig transactions in FX markets in the 2007-2013 period, the regulator stated.

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