News

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Thu, 02 May 2019 12:01:06 GMT

Bank of England keeps rate unchanged

On Thursday, the Bank of England made a rate announcement, revealed the size of their asset purchase program and future forecasts. In general, monetary policy in the UK remained unchanged.

Thu, 02 May 2019 11:38:15 GMT

ARA US Hospitality Trust to attract $451M in IPO

On Thursday, ARA US Hospitality has started its Singaporean initial public offering with the intention to raise around $451M with a portfolio of 38 US hotels and an offer price of 88 cents per share.

Thu, 02 May 2019 11:32:53 GMT

India's OYO to acquire @Leisure in $145M deal

India's hotel start-up OYO is set to acquire the EU vacation rental firm @Leisure in a €370M deal with the German media group Axel Springer, other shareholders, with a transaction to be completed already in June.

Thu, 02 May 2019 09:45:17 GMT

Oil prices decline

On Thursday, crude oil price benchmarks declined. The main reason for the decline was the surge of the US Dollar. Meanwhile, some financial media blamed US production for the fall of the prices.

Thu, 02 May 2019 09:44:20 GMT

Stock indices slip on Thursday

By the middle of Thursday's London session the US Dollar was regaining value after experiencing a sharp drop on Wednesday due to a monetary policy announcement. As the value of the measure, namely, the USD grew, stock price indices declined.

Thu, 02 May 2019 09:33:48 GMT

Wesfarmers seeks buying Australia's Kidman

Australia's retail conglomerate Wesfarmers made a proposal worth A$776M to acquire Kidman Resources, the local lithium miner, as it seeks to deepen exposures to the high-tech minerals.

Thu, 02 May 2019 09:27:45 GMT

AVID makes sweetened bid for Villa World

On Thursday, Villa World, Australia's property developer has got a sweetened takeover bid from the Australian property development business AVID Property Group, which now gives it a market valuation of A$293.5M.

Thu, 02 May 2019 08:33:09 GMT

Thomas Cook to accept interest expressions until May 7

On Thursday, Thomas Cook set May 7 as a deadline for interest expressions in the airline business, with Lufthansa and Indigo Partners among the potential bidders.

Thu, 02 May 2019 08:27:11 GMT

Watches of Switzerland sees UK stock market listing

Watches of Switzerland, the private equity-owned group, stated on Thursday it is exploring a London listing of its stock market, as it seeks for acquisition deals in the United States.

Thu, 02 May 2019 07:23:50 GMT

Rolls-Royce on track to hit annual targets

On Thursday, the UK aero-engine maker Rolls-Royce stated it is set to meet the full-year profit and cash forecasts, after it managed to fix the issues related to its Trent 1000 fleet.

Thu, 02 May 2019 07:17:34 GMT

AstraZeneca, Transgene team up on viral immunotherapies

The UK drugmaker AstraZeneca tied up with the French biopharmaceutical company Transgene by signing a deal on Thursday to develop five viral immunotherapies aimed at killing cancer.

Thu, 02 May 2019 06:37:47 GMT

Chevron finalises Houston-area refinery purchase

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Thu, 02 May 2019 06:34:23 GMT

Meredith to consider its US broadcast stations sale

Meredith Corp is getting ready to explore its portfolio sale of the local US broadcast stations, as the company seeks to streamline business, sources close to the matter said.

Thu, 02 May 2019 05:47:38 GMT

Malaysian manufacturing PMI at 49.4 in April

Malaysia's manufacturing PMI grew to 49.4 in April, the highest rate since last year's September, suggesting an improvement in the sector's outlook and return to increase in export orders.

Thu, 02 May 2019 05:47:32 GMT

UK construction sector supported by house-building

The UK construction industry revealed modest increase in house-building, with 37K homes registered for warranities and insurance from the NHBC, up 3% compared with the prior year.

Thu, 02 May 2019 03:54:22 GMT

Starbucks recalls 263K coffee presses

Starbucks recalled about 263K of the company's coffee presses, which were made in cooperation with Bodum, after the coffee chain got reports of breaking and causing deep cuts, the US CPSC stated.

Thu, 02 May 2019 03:54:01 GMT

South Korea's CPI up 0.6% in April

South Korea's consumer prices grew 0.6% in April from a year earlier, remaining below 1% for the fourth month in succession, Statistics Korea reported.

Thu, 02 May 2019 03:31:59 GMT

Iraq exports more than 103M barrels of crude

Iraqi Oil Ministry stated that the country exported more than 103M barrels of crude oil in the month of April, getting in revenue more than $7B.

Thu, 02 May 2019 03:29:34 GMT

Fiat Chrysler reports weaker sales in April

Fiat Chrysler Automobiles reported that overall sales declined in April in both the US and Canada, though sales of its Ram brand kept rising in spite of lingering softness within the industry.

Thu, 02 May 2019 02:37:35 GMT

Irish consumer sentiment sours in April

Ireland's consumer sentiment worsened in April, pushed down by an uncertain outlook and related worries over household incomes, the report showed.

Thu, 02 May 2019 02:33:35 GMT

South Korean factory activity rebounds

South Korea's factory activity returned to growth in April, supported by an increase in hiring, ending five months of contraction, a survey revealed on Thursday.

Wed, 01 May 2019 19:55:19 GMT

US manufacturing activity at 2-1/2-year low

On Wednesday, US factory activity reached 2-1/2 year low in April, because of a sharp fall in orders and in construction spending in March, pointing the economic growth's moderation.

Wed, 01 May 2019 19:55:04 GMT

Wall Street awaits Fed decision

On Wednesday, Wall Street paused from an Apple Inc rally, as traders and investors await the US Federal Reserve's policy announcement.

Wed, 01 May 2019 19:06:02 GMT

Hulu reaches 26.8M paid subscribers

On Wednesday, Hulu achieved rapid growth, as the company announced that it has reached 26.8M paid subscribers.

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