News

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Tue, 16 Apr 2019 14:15:48 GMT

UnitedHelath posts better-than-expected profit

On Tuesday, UnitedHealth Group reported its Q1 profit topped analysts' forecasts, raising its current year's earnings estimates, sending company's shares up 3% on the news.

Tue, 16 Apr 2019 13:55:51 GMT

US manufacturing production stays on hold

The US manufacturing production remained unchanged last month, following two straight monthly declines that caused the biggest quarterly decrease in output since 2017.

Tue, 16 Apr 2019 13:38:45 GMT

BlackRock Q1 profit tops estimates

BlackRock reported on Tuesday its Q1 profit beat analysts' expectations with a drop to $1.05B or $6.61 for a share, while analysts forecast a net income of $6.13 for a share.

Tue, 16 Apr 2019 11:55:56 GMT

Italy's Nexi shares drop on market debut

Shares of the Italian payments company Nexi dropped 6% on their Milan stock exchange's debut and were trading at €8.44 by 1030 GMT, below the price range set last week, raising about €2.0B.

Tue, 16 Apr 2019 11:53:31 GMT

DCP Capital raises $2.5B in its debut

The former KKR head David Liu's DCP Capital announced on Tuesday it had attracted $2.5B in the US dollar and yuan funds debut, granting the PE firm firepower to make an investment in Greater China.

Tue, 16 Apr 2019 11:37:55 GMT

Ford's JV China Changan sees sales rebound

Ford Motor's China joint venture Changan Automobile Group is expecting a sales rebound by the current year's end as the US carmaker boosts its product line in the Asian country.

Tue, 16 Apr 2019 10:03:28 GMT

Poland holds off Huawei ban

Polish officials announced on Tuesday that Huawei might not be banned from 5G development in Poland. Previously, a ban was expected. The changes were announced after it was discovered that mobile operators will experience large cost increases, if Huawei is excluded.

Tue, 16 Apr 2019 10:03:03 GMT

European assets lose value

On Tuesday, as the European Central Bank policymakers revealed that they doubt that economic growth will recover in the second half of 2019. The announcement caused a drop of the Euro and European bonds.

Tue, 16 Apr 2019 09:39:51 GMT

Macron's EU election campaign ceased for now

The French president Emmanuel Macron's EU election campaign has been suspended after the devastating fire that took place at Notre-Dame Cathedral yesterday.

Tue, 16 Apr 2019 09:37:12 GMT

Hong Kong Airlines launches board expansion

Hong Kong Airlines has appointed the former director Zhong Guosong as chairman on the back of the company's board expansion, as the debt-laden carrier is seeking for new funds to survive.

Tue, 16 Apr 2019 08:21:04 GMT

Magneti Marelli plans no job cuts after takeover

Fiat Chrysler's unit and the Italian auto parts producer, Magneti Marelli, confirmed that no job cuts were expected after a $7.0B worth takeover by the Japanese firm Calsonic Kansei.

Tue, 16 Apr 2019 08:17:54 GMT

Vivendi shareholders back plan for share buyback

Vivendi's shareholders supported the French conglomerate's plans at its annual general meeting for a potential share buyback, which could give Vincent Bollore's holding group greater control over Vivendi.

Tue, 16 Apr 2019 07:09:34 GMT

Italy's OTB plans M&A investments

OTB, the Italian fashion group, is planning a $226M investments within the following three years in acquiring other firms, after the company had boosted its financial strength last year.

Tue, 16 Apr 2019 07:04:36 GMT

Schneider Electric, BP sign contracting deal

Schneider Electric has inked a contracting deal with the gas and oil company BP to work as one of its main electrical contractors, after the French firm agreed to provide BP with the full-scope design and engineering services.

Tue, 16 Apr 2019 06:38:31 GMT

Brooge Petroleum plans Nasdaq listing

The UAE's Brooge Petroleum & Gas Investment Co announced it is planning a listing on Nasdaq after a merger with the US-based company Twelve Seas Investment.

Tue, 16 Apr 2019 06:35:47 GMT

Brazil's Centauro sets IPO price at 12.50 reais/share

Centauro, Brazil's sporting goods retailer, set a price for its IPO at 12.50 reais for a share, close to its range's bottom of 12.10 reais, a source close to the matter reported.

Tue, 16 Apr 2019 04:48:57 GMT

Foxconn Chairman comments on resignation

The Chairman of Foxconn Terry Gou announced on Tuesday that he is considering to run in the 2020 Taiwanese presidential election. The chairman is known for having close ties with China.

Tue, 16 Apr 2019 04:48:31 GMT

General Motors reveals new project

On Tuesday, Reuters published a General Motors plan for Latin America and China called Global Emerging Market or GEM. The company has worked five years on developing the strategy. The publication was expected to boost General Motors stock price.

Tue, 16 Apr 2019 04:26:40 GMT

BMW has no plans for compact vehicle

On Tuesday, the Chief Financial Officer of BMW Nicolas Peter announced that the company has no future plans for creating a compact car together with another German carmaker.

Tue, 16 Apr 2019 04:26:05 GMT

Dollar surges on Tuesday

During the Asia session on Tuesday the USD gained value against its peers. There was no clearly spottable reason for the surge.

Tue, 16 Apr 2019 03:16:14 GMT

Israeli debt-to-GDP ratio at 61%

The public debt-to-GDP ratio of Israel rose to 61% in 2018, a 0.5% increase compared to 2017, the report by the county's Ministry of Finance showed.

Tue, 16 Apr 2019 03:11:37 GMT

Germany's seaports handle 1.7% more cargo

A total of 304.7M tons of seaborne goods were handled in Germany's sea ports in 2018, marking a 1.7% increase compared to the prior year, Destatis reported.

Tue, 16 Apr 2019 02:37:02 GMT

UniCredit to pay $1.3B to settle sanctions probe

The Italian top bank UniCredit and two subsidiaries agreed to pay $1.3B to he US authorities to settle probes of the US sanctions on Iran and other countries' violations, the US authorities stated.

Tue, 16 Apr 2019 02:32:06 GMT

Hulu buys back stake in AT&T

Hulu bought back stake in wireless carrier AT&T, the US streaming service, for $1.43B, in a deal valuing the company at $15B, both companies stated.

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