News

Note: This section contains information in English only.
Fri, 15 Nov 2019 05:46:05 GMT

Eurazeo seeks to exit Europcar group

Eurazeo, the European investment firm, is considering to sell about 30% stake in the car rental company Europcar Mobility Group, seeking to withdraw from the struggling French firm.

Fri, 15 Nov 2019 04:43:24 GMT

TIM plans stake sale in its tie-up with Vodafone

Telecom Italia is planning a stake sale in the mobile mast tie-up with its rival Vodafone, as the Italian company seeks to infrastructure funds, TIM's CEO announced.

Fri, 15 Nov 2019 04:15:46 GMT

Google's antitrust inquiry to expand into Android

US attorneys general are set to expand the antitrust investigation of Google's advertising practices into its flagship Android business, according to a CNBC report.

Fri, 15 Nov 2019 03:27:32 GMT

Berkshire unveils new investment in Restoration Hardware

On Thursday, Warren Buffett-owned Berkshire Hathaway unveiled its new investment in Restoration Hardware, sending shares in the luxury home furnishings chain up 6.7% on the news.

Thu, 14 Nov 2019 20:53:01 GMT

Walmart raises yearly outlook

It was announced by Walmart on Thursday that the company is increasing its annual profit estimates, as good economic data has boosted future outlook.

Thu, 14 Nov 2019 19:52:24 GMT

Healthcare costs cause US inflation

On Thursday, US PPI data revealed that inflation in the US is being mostly boosted by healthcare costs. Despite the news, the data strengthened the Federal Reserve's stance on not cutting interest rates.

Thu, 14 Nov 2019 18:40:26 GMT

Oil prices trade flat

By the end of Thursday's European trading, crude oil prices traded almost flat, as news from the US and OPEC balanced one another's impact on oil.

Thu, 14 Nov 2019 17:40:06 GMT

Risk off sentiment impacts markets

On Thursday, risk-off sentiment was present in the markets. The sentiment boosted the Japanese Yen and limited stock gains.

Thu, 14 Nov 2019 16:50:17 GMT

Daimler seeks €1B in savings at Mercedes

Tougher emissions rules are expected to hit Daimler's profits next years, prompting the carmaker to seek €1B in savings by cutting jobs at Mercedes-Benz business by the 2022 end.

Thu, 14 Nov 2019 15:45:21 GMT

US PPI jums in October

The US Producer Price Index increased 0.4% in October, the biggest rise since April, supported by higher costs of goods and services, further bolstering the Fed's stance not to cut rates again in the near term.

Thu, 14 Nov 2019 14:51:32 GMT

Britain's Asda reports lower sales in its Q3

Asda, the UK supermarket unit of the US retail titan Walmart, reported on Thursday its comparable sales dropped 0.5% in its fiscal Q3, blaming uncertainty related to Britain's exit from the EU bloc that negatively affected its spending patterns.

Thu, 14 Nov 2019 14:01:21 GMT

Ford to name new electric SUV as Mustang

Ford Motor Co will be using the Mustang name for the carmaker's new electric SUV, calling it Mustang Mach-E and planning to trigger the car order in the US, Canada and EU starting November 17.

Thu, 14 Nov 2019 13:01:12 GMT

OPEC expects smaller oil surplus next year

On Thursday, OPEC stated it is expecting a smaller oil surplus of 70K bpd in 2020, but still sees a drop in demand for the crude oil to 29.58M bpd.

Thu, 14 Nov 2019 11:05:12 GMT

ECB Vice President comments on policy

On Thursday, the Vice President of the European Central Bank Luis De Guindos stated that the ECB should widen its monetary policy tool list. The news were understood as a signal of more monetary easing.

Thu, 14 Nov 2019 10:23:02 GMT

Apple Watch able to detect irregular heartbeats

Apple's Heart study has revealed that the tech giant's wearable device Apple Watch is able to detect atrial fibrillation accurately, helping people to identify potential heart problems.

Thu, 14 Nov 2019 08:50:25 GMT

Tencent's profit falls 13%

Tencent Holdings reported a 13% plummet in its quarterly profit affected by weaker smartphone games business and decline in computer games and media advertising revenue.

Thu, 14 Nov 2019 07:48:54 GMT

Icahn buys HP stake, pushes for tie-up with Xerox

Carl Icahn, the activist investor, has acquired $1.2B HP Inc stake, pushing for the PC maker's merger deal with the printer producer Xerox Corp, according to the Wall Street Journal.

Thu, 14 Nov 2019 07:39:17 GMT

SoftBank's Yahoo Japan, Line confirm merger talks

One of the Japanese key internet firms, SoftBank's Yahoo Japan, has confirmed on Thursday it entered merger talks with Line Corp amid company's expansion of its payments and e-commerce services.

Thu, 14 Nov 2019 06:28:55 GMT

Foxconn reveals slight expansion in core business

Foxconn, a major supplier to Apple, posted a stronger-than-expected 23% increase in quarterly profit and forecast moderate growth in the core business in 2020.

Thu, 14 Nov 2019 05:21:04 GMT

Apollo Global to acquire Tech Data

Apollo Global Management stated that it agreed to acquire Tech Data, the US information technology equipment distributor, in a $5.4B valued deal.

Thu, 14 Nov 2019 03:35:24 GMT

Mastercard, Visa draw FTC inquiry

The Federal Trade Commission started a preliminary inquiry over Mastercard and Visa for likely prohibiting merchants from other debit networks' usage.

Wed, 13 Nov 2019 20:42:05 GMT

Jerome Powell comments on US economy

On Wednesday, the Chairman of the Federal Reserve Jerome Powell announced that the US economy can expect a sustained expansion.

Wed, 13 Nov 2019 19:45:52 GMT

Disney shares surge

On Wednesday, Walt Disney Company released its Disney+ streaming service. The event caused a surge of Disney's stock price.

Wed, 13 Nov 2019 18:58:03 GMT

Oil surges on Wednesday

During the Wednesday's US trading, crude oil price benchmarks moved higher. The surge was caused by OPEC announcing that US oil production should grow less than previously expected.

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