News

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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.

Wed, 13 Nov 2019 17:50:52 GMT

SoftBank's Z Holdings and Line set for merger

Z Holdings Corp, the Japanese internet company, is planning a merger deal with the messaging app provider Line Corp, seeking to form the e-commerce titan spanning retail, finance and other services, according to the Nikkei business daily.

Wed, 13 Nov 2019 16:42:56 GMT

Google to launch checking accounts in 2020

Alphabet's Google is planning to roll out personal checking accounts already next year in its cooperation deal with Citigroup Inc and Stanford University's small credit union, a report showed on Wednesday.

Wed, 13 Nov 2019 15:41:44 GMT

Takeaway not planning to lift $5.5B Just Eat bid

On Wednesday, Jitse Groen, Takeaway.com's Chief Executive, stated he was not eager to increase a $5.5B bid for the British takeaway food delivery operator Just Eat, despite the fact its largest rival Prosus made a higher unsolicited offer for the firm.

Wed, 13 Nov 2019 15:17:26 GMT

Inquiry launched into Google-Ascension deal

US federal regulator has triggered a probe into the Google-Ascension Health's cloud computing deal, which would provide Google with the detailed health patients data, according to the Wall Street Journal.

Wed, 13 Nov 2019 14:14:10 GMT

Apple CEO, Trump plan Texas facilities tour

Apple's CEO Tim Cook and the US President Donald Trump are planning to tour Apple facilities located in Texas next week amid companies showcase that keep job positions in the US.

Wed, 13 Nov 2019 12:45:59 GMT

Tesla's Musk plans Gigafactory 4 construction in 'Berlin area'

On Tuesday, Tesla's CEO Elon Musk stated the electric car producer would likely construct the new Gigafactory 4 vehicle factory in the "Berlin area."

Wed, 13 Nov 2019 11:42:22 GMT

Alibaba set to launch $13.4B HK share sale

On Thursday, China's Alibaba Group is set to launch record-breaking share sale in Hong Kong that is expected to attract up to $13.4B, according to Reuters.

Wed, 13 Nov 2019 11:02:53 GMT

Tencent profit declines

On Wednesday, the Chinese tech giant Tencent Holdings announced third quarter profits. The profits had declined by thirteen percent and missed analyst estimates.

Wed, 13 Nov 2019 10:21:24 GMT

Bidders raise interest in Thyssenkrupp's elevator business

ThyssenKrupp received at least three bids for its majority stake in the company's elevator business Elevator Technology that could potentially fetch as much as $18.7B.

Wed, 13 Nov 2019 08:45:19 GMT

Toshiba posts highest Q2 profit in two years

On Wednesday, Japan's Toshiba Corp reported its Q2 operating profit hit $405.41M, the highest reading in two years, adding it was eager to buy out its three listed subsidiaries, seeking to move away from management crisis and accounting scandals.

Wed, 13 Nov 2019 08:33:46 GMT

Juul to trim $1.0B in costs amid possible reboot

Juul Labs Inc is planning to trim about $1.0B in costs in 2020, as the company's new CEO K.C. Crosthwaite is aiming for a reboot on the back of the regulatory crackdown related to e-cigarettes.

Wed, 13 Nov 2019 06:09:23 GMT

Bolivia's Anez assumes interim president

On Tuesday, Jeanine Anez, the Bolivian Senate leader, assumed office as the interim President of Bolivia after the former President Evo Morales and his vice president, Alvaro Garcia, resigned on Sunday.

Wed, 13 Nov 2019 05:06:46 GMT

Germany's investor sentiment increases

According to the ZEW survey, economic sentiment among Germany's investors increased to -2.1 from -22.8 in October.

Wed, 13 Nov 2019 04:01:20 GMT

CBS misses Q3 revenue estimates

Shares of CBS and sister company Viacom Inc declined by 3% on Tuesday after the company announced its Q3 revenue of $319 million, missing the Wall Street forecasts.

Wed, 13 Nov 2019 03:06:42 GMT

Hungary agrees to 10% reduction of EU funds

According to the document, posted by the European Parliament's Budget Control Committee, Hungary has agreed to a 10% reduction in the European Union funds.

Tue, 12 Nov 2019 20:55:39 GMT

Mediaset net profit jumps in nine months

Mediaset reported a solid rise in its net profit in the nine-month period to September to €101.5M, as decreased costs offset a decline in advertising revenues amid high-profile sports events' shortage.

Tue, 12 Nov 2019 20:20:46 GMT

SAP to reduce research centres

Germany's business software company SAP announced plans to cut the number of research centres, while keeping research development costs unchanged, an executive stated.

Tue, 12 Nov 2019 18:45:23 GMT

French GDP growt to slip to 0.2%

The economy of France is expected to grow 0.2% in the Q4, the Bank of France anticipated, which indicating slowdown from the Q3, as trade disputes cloud the global economy's outlook.

Tue, 12 Nov 2019 17:43:05 GMT

Nissan cuts full-year profit forecast

Nissan Motor cut the full-year profit forecast to the lowest level in 11 years, following weak quarterly report, affected by strong yen and falling sales.

Tue, 12 Nov 2019 17:09:45 GMT

Revolut to raise $500M in 2020

The UK-based digital banking application Revolut was in talks with investors to get at least $500M of funding next year to finance global hiring spree along with expansion the US and Japan.

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