News

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Thu, 04 Apr 2019 11:37:09 GMT

St Gobain shares soar on potential sale reports

On Wednesday, shares of the French construction materials firm St Gobain surged as much as 2.9% on media reports about a potential asset sale to a Chinese group.

Thu, 04 Apr 2019 11:30:55 GMT

UBS evaluates possible options for its unit

Switzerland's bank UBS Group is exploring possible options for the asset management business, including a partial merger or sale of the unit, according to a Bloomberg report.

Thu, 04 Apr 2019 10:18:29 GMT

Australia passes tech firm regulation

The Australian government has passed a law that will allow the authorities to fine web hosting and social media companies up to ten percent of their turnover, if the companies do not remove violent content.

Thu, 04 Apr 2019 10:18:02 GMT

European stocks pause surge

On Thursday, stock prices on the European continent paused their rally. The surge stopped, as the Euro, in which the stocks are valued had paused its decline.

Thu, 04 Apr 2019 09:28:51 GMT

First Abu Dhabi Bank, ADIB deny merger talks

On Thursday, First Abu Dhabi Bank and Abu Dhabi Islamic Bank denied they had launched any merger talks, following a media report claiming the emirate sought to combine them.

Thu, 04 Apr 2019 09:03:16 GMT

Allstate nears annuity book sale to FGL

The US insurer Allstate Corp entered exclusive negotiations over its insurance policies book sale to FGL Holdings, valued at between $2.5B-$3.0B, sources reported on Thursday.

Thu, 04 Apr 2019 08:06:36 GMT

Austalia's GrainCorp seeks splitting its business

On Thursday, Australia's takeover target GrainCorp stated it was planning to split its business into two brands, listing the company's global malting division and reorganising its grain unit, as its earnings were hit by drought.

Thu, 04 Apr 2019 07:58:12 GMT

PSA has no plans to actively explore Fiat deal

France's automaker PSA Group has currently no plans to actively explore and negotiate a new partnership deal with Fiat Chrysler, its CEO Carlos Tavares announced on Wednesday.

Thu, 04 Apr 2019 07:35:54 GMT

Constellation plans 30 brands sale for $1.7B

On Wednesday, Constellation Brands, the Corona beer maker, announced it would sell around 30 of the group's low-end spirits and wine brands to E.&J. Gallo Winery in a deal worth $1.7B, as the company seeks to focus on more profitable firms.

Thu, 04 Apr 2019 07:29:20 GMT

Swiss Medacta gets $1.9B valuation in IPO

Swiss medical device makers Medacta Group SA has been valued at $1.92B in its initial public offering held on Thursday, with the company's shares to begin trading on the SIX Swiss Exchange.

Thu, 04 Apr 2019 06:37:45 GMT

China's Tencent attracts $6B in bond sale

On Thursday, China's gaming and social media giant Tencent Holdings stated it had attracted $6.0B on a sale of bonds, the largest in Asia this year, outracing China Evergrande Group's $2.8B deal in January.

Thu, 04 Apr 2019 06:33:03 GMT

UniCredit plans bidding for Commerzbank

UniCredit SpA is planning to make a rival multi-billion takeover bid for Commerzbank, on the back of Deutsche Bank troubles to acquire the German lender, according to the Financial Times report published on Thursday.

Thu, 04 Apr 2019 04:34:59 GMT

Samsung Electronics' earnings under pressure in Q1

Samsung Electronics was expected to post a $6.1B operating profit for the period from January to March, more than 50% less than was recorded in the same period in 2018, as memory chop prices dropped.

Thu, 04 Apr 2019 04:30:21 GMT

Vietnam's economy to expand 6.8% this year

Vietnam's economy is expected to grow 6.8% in 2019 and 6.7% in the following year, the Asian Development Bank stated in the report.

Thu, 04 Apr 2019 03:35:26 GMT

German institutes diminish growth forecast to 0.8%

Germany's leading economic institutes revised down the growth forecast for Europe's biggest economy to 0.8% in 2019 from a 1.9% previous estimate, two sources familiar with the report stated.

Thu, 04 Apr 2019 03:30:04 GMT

Argentina's inflation forecast for 2019 jumps to 36%

Economists raised the forecast for Argentina's rate of inflation in 2019 to 36% from a prior estimate of 31.9%, the median forecast in the Central Bank's monthly analysts' poll revealed.

Wed, 03 Apr 2019 19:59:54 GMT

Sweden might sell its Telia stake

The Parliament of Sweden has ordered a research of a possible sale of its stake in Telia. As the government might sell $7.5 billion worth of stock, the event might beat down the company's stock price.

Wed, 03 Apr 2019 19:59:42 GMT

Boeing software re-engaged before crash

Reuters announced on Wednesday that Boeing software pushed down the nose of the crashed Ethiopian plane. The software was still working after the pilots had shut it off.

Wed, 03 Apr 2019 18:50:10 GMT

Movie theater executives meet in Las Vegas

On Wednesday, movie theater company executives were meeting in Las Vegas to discuss future plans. The main topic of the conference was their main competitor Netflix. The results of the conference are bound to influence movie theater company stock prices.

Wed, 03 Apr 2019 18:49:56 GMT

UK bond market remains stable

It was revealed by Reuters on Wednesday that the demand for the government bonds of the United Kingdom remains stable. It indicates that long term investors are not concerned with Brexit.

Wed, 03 Apr 2019 17:41:12 GMT

IMF hints at tech giant regulation

On Wednesday, the IMF announced in its World Economic Outlook that a small fraction of companies in wealthy countries should be regulated, as they can hurt investment, monetary policy and labor. It could be made out from the report that the IMF investigated tech giants like Google.

Wed, 03 Apr 2019 17:41:04 GMT

Brexit hurts financial sector

A think tank on Wednesday announced that financial jobs are still moving from the United Kingdom to other European Union financial hubs. Moreover, the think tank announced that this process is unlikely going to stop unless Brexit is cancelled.

Wed, 03 Apr 2019 17:12:37 GMT

Brazilian economy picks up

On Wednesday, PMI data released in Brazil revealed that the Brazilian economy is picking up. It indicates that the Brazilian currency will appreciate in value during the near future.

Wed, 03 Apr 2019 17:12:27 GMT

Ousted Nissan boss speaks out on Twitter

On Wednesday, the ousted chairman of Nissan-Renault appeared on Twitter. The chairman announced his intentions to reveal previously unknown information about the financial scandal that plagues the company.

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