News

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Tue, 01 Oct 2019 18:54:33 GMT

Charles Schwab to end commissions for online stock trading

Shares of Charles Schwab fell by 10% in early trading on Tuesday, after the firm stated that it is ending commissions for online trading of options, stocks and ETFs listed in the Canadian or US exchanges.

Tue, 01 Oct 2019 17:56:03 GMT

UK's PM Johnson to pitch new Brexit proposals

The UK Prime Minister Boris Johnson to propose new Brexit pact on Tuesday, however, the EU representatives are sceptical about the prospects of a breakthrough.

Tue, 01 Oct 2019 17:07:11 GMT

Venture Capitalists to meet with more than 100 start-ups

Two dozen Venture Capitalist firms have invited about 100 start-ups for a meeting in San Francisco on Tuesday, where they hope to advise them about the downside of IPO.

Tue, 01 Oct 2019 16:00:33 GMT

Canadian manufacturing activity expands in September

On Tuesday, Canada's Manufacturing Purchasing Index, which measures manufacturing business activity, rose by 51.0 in September, its fastest pace since February.

Tue, 01 Oct 2019 15:07:30 GMT

US stocks edge higher ahead of manufacturing report

Wall Street's main indexes surged on Tuesday, led by gains in technology shares. At 9:47 ET, the benchmark S&P 500 was up by 14.85 points, while the DJI was up by 121.05 points.

Tue, 01 Oct 2019 14:29:43 GMT

Tesla's Model 3 remains on top in Norway

Tesla's Model 2 vehicle stays on top in Norway, despite the Q3 decline in sales this year, with the electric vehicle maker reporting it sold 3.3K Model 3s in July-September in the Scandinavian country, beating VW's Golf by about 900 cars.

Tue, 01 Oct 2019 13:37:41 GMT

Advent to acquire Italy's ICE for €700M

Advent, the private equity fund, is set to pay about €700M to acquire Industria Chimica Emiliana, the Italian chemicals firm, the country's leveraged buyout in 2019, according to sources familiar with the situation.

Tue, 01 Oct 2019 11:51:25 GMT

Ford Motor establishes JV with Mahindra

Ford Motor Co is set to establish a joint venture with Mahindra & Mahindra in India worth $275M to develop, market and distribute Ford's branded cars in the country, both companies announced on Tuesday.

Tue, 01 Oct 2019 10:45:51 GMT

Macquarie plans Hobart Airport stake sale

Macquarie Group announced it would sell 70% stake in the Hobart International Airport to a consortium of Royal Schiphol Group and Queensland Investment Corporation, not disclosing the financial terms of the deal.

Tue, 01 Oct 2019 10:36:12 GMT

Tech giants face inquiry

On Tuesday, it was announced by the US Senate that it will inquire into the operations of Facebook, Amazon and Google.

Tue, 01 Oct 2019 07:56:33 GMT

UK to bring back 7K people amid Thomas Cook collapse

The UK Civil Aviation Authority announced that 39 flights more were scheduled for Tuesday to being back another 7K of people to Britain after the collapse of Thomas Cook, as repatriation efforts entered the second week.

Tue, 01 Oct 2019 06:44:54 GMT

Forever 21 to close 178 stores amid bankruptcy

The fast-fashion retailer Forever 21 has got an approval to close 178 US stores out of 815 stores it has in 57 countries due to a bankruptcy filing, believing the restructuring will allow the company to shift focus to the operations' profitable core part.

Tue, 01 Oct 2019 05:03:07 GMT

Coveney denies reported Brexit border proposal

Ireland's Foreign Minister Simon Coveney denied a report that the UK is proposing to place custom clearance centres between 8km -16 km on each side of the Irish border.

Tue, 01 Oct 2019 04:04:09 GMT

Crude oil prices rebound on Tuesday

Crude oil prices rebounded at the Asian session on Tuesday after output from the world's biggest oil producers decline in the Q3. Brent crude futures were up $59.69 per barrel at 02:02 GMT.

Tue, 01 Oct 2019 02:54:48 GMT

Brazil's national debt at record high

Brazilian national debt grew to the highest on record of 79.8% of GDP in August, driven by weaker exchange, higher borrowing rates and increased interest payments.

Mon, 30 Sep 2019 20:05:36 GMT

Swedbank fires three executives from Estonia's unit

Swedbank removed three executives from the Bank's Estonian business and appointed their replacements, including the new Head of the unit involved in an investigation over international money laundering.

Mon, 30 Sep 2019 19:02:20 GMT

Georgian economic growth up 5%

The economy of Georgia expanded 5% year-over-year in the first eight-month period of 2019, compared with 4.8% increase in the same period last year, preliminary data revealed.

Mon, 30 Sep 2019 17:50:25 GMT

PayPal to go into Chinese market

PayPal obtained Beijing's approval to acquire a 70% stake in Gopay Information Technology, being the first foreign company to enter Chinese payment services market.

Mon, 30 Sep 2019 16:54:41 GMT

Blackstone to buy warehouses from Colony Capital

Blackstone Group stated that it would buy the US industrial warehouses from Colony Capital, the real estate and investment management company, in a $5.9B deal, to capitalize over the e-commerce boom.

Mon, 30 Sep 2019 15:53:27 GMT

Sanofi to cut nearly 200 positions in Japan

France's drugmaker Sanofi announced plans to cut nearly 200 positions in Japan across regulatory affairs, sales and operations, a source familiar with the matter stated.

Mon, 30 Sep 2019 15:31:25 GMT

German inflation weakest in three years

Germany's consumer prices grew 0.9% year-on-year in September, the weakest level in almost three years and below the ECB 2% target.

Mon, 30 Sep 2019 14:36:29 GMT

Blackstone to acquire US warehouses for $5.9B

On Monday, Blackstone Group Inc announced it signed a deal with the investment and real estate management company Colony Capital to acquire its US industrial warehouses in a deal worth $5.9B, sending Colony Capital's up 14% to $6.72.

Mon, 30 Sep 2019 13:33:40 GMT

Elon Musk launches latest Mars rocket prototype

Elon Musk, the billionaire entrepreneur, has released his new iteration of the space giant's newly assembled Starship, marking the fast development of the SpaceX's centrepiece vehicle that deemed to launch humans to Mars or the moon.

Mon, 30 Sep 2019 12:08:27 GMT

Tencent buys 29% stake in Oslo-listed Funcom

China's Tencent Holding is set to acquire a 29% worth stake in the Oslo-listed computer games maker Funcom, becoming its largest shareholder, Funcom announced on Monday.

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