News

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Tue, 13 Feb 2018 12:52:37 GMT

Blue Apron posts smaller-than-expected revenue drop

On Tuesday, Blue Apron reported $187.7M revenue in Q4, down 13% from the previous year, but topping analysts' forecasts for $185.1M.

Tue, 13 Feb 2018 12:52:22 GMT

Under Armour's Q4 revenue rises on solid sales

Under Armour beat analysts' estimates for its Q4 revenue on Tuesday by posting a $0.06B jump to $1.37B, driven by the strong sales of its apparel and footwear through the local stores and online.

Tue, 13 Feb 2018 12:26:10 GMT

Two rebel groups sign ceasefire with Myanmar's government

Myanmar signed a ceasefire on Tuesday with the two ethnic rebel groups amid the leader Aung San Suu Kyi's intention to revive a peace process and put an end to decades of conflict.

Tue, 13 Feb 2018 12:16:33 GMT

PepsiCo reports better-than-expected Q4 revenue

On Tuesday, PepsiCo reported a jump in its Q4 revenue to $19.53B, beating analysts' expectations; however, there was no notable reaction in the pre-market session.

Tue, 13 Feb 2018 11:33:38 GMT

Hackers steal over $17M from Russian banks in 2017

According to a central bank official, hackers stole over $17M from the banks of Russia in 2017, using the security testing-tool called Cobalt Strike.

Tue, 13 Feb 2018 11:28:05 GMT

Jollibee lifts stake in US-based Smashburger Master

Philippines' fast-food company Jollibee Foods is set to pay $100M for a 45% stake in the US-based Smashburger Master, becoming the majority owner of the hamburger chain.

Tue, 13 Feb 2018 10:33:21 GMT

US funding of Syria's YPG to impact Turkey's decisions

The Turkish President Tayyip Erdogan stated on Tuesday that the United States' funding of Syria's Kurdish YPG militia would affect Turkey's decisions.

Tue, 13 Feb 2018 10:30:55 GMT

LCY resumes operations after bomb found in Thames

On Tuesday, the London City Airport resumed its operations as usual, after the WWII bomb had been discovered nearby in the River Thames the day before.

Tue, 13 Feb 2018 09:33:40 GMT

China names JPMorgan as yuan clearing bank in US

The central bank of China named JPMorgan Chase Bank on Tuesday as the United States' yuan clearing bank, according to the announcement on the website.

Tue, 13 Feb 2018 09:32:03 GMT

MGM Resorts launches $3.4B casino in Macau

On Tuesday, MGM Resorts opened its $3.4B casino resort in Macau, as it seeks to be in the lead of a business in the biggest gaming hub in the world.

Tue, 13 Feb 2018 08:31:29 GMT

South Africa's ANC seeks to sack Zuma as President

On Tuesday, South Africa's ruling party ANC made a decision to remove Jacob Zuma as the President, after years of scandals while being in power.

Tue, 13 Feb 2018 08:29:19 GMT

Panel board to review Wynn Resorts' internal policies

Wynn Resorts' special board committee of the independent directors are planning to review the company's internal policies, following a probe against the ex-CEO Steve Wynn, accused of sexual misconduct.

Tue, 13 Feb 2018 06:58:37 GMT

MPI: China will oppose unfair trade restrictions against its steel companies

The China Metallurgical Industry Planning and Research Institute said China would oppose any unfair trade restrictions from other countries against its steel enterprises.

Tue, 13 Feb 2018 06:56:14 GMT

Singapore likely to unveil tax plan

Singapore is likely to unveil the first increase of the goods and services tax since 2007, as the rapidly ageing population requires additional revenue for future social spending.

Tue, 13 Feb 2018 06:20:40 GMT

Asian stocks rebound from two-month lows

Asian stocks rebounded from their two-month lows on Tuesday; however, investors still remained cautious prior to US inflation data to be released on Wednesday.

Tue, 13 Feb 2018 06:13:48 GMT

EU spending on wind projects reaches three-year low in 2017

EU investments in new wind projects reached a three-year low of €22.3B in 2017, compared to €27.5B year-on-year, as the sector is showing signs of increased efficiency.

Tue, 13 Feb 2018 05:25:08 GMT

Icahn, Deason urge shareholders to oppose Xerox, Fujifilm acquisition deal

Fujifilm Holdings' acquisition of Xerox Corp has gone under pressure, as Carl Icahn and Darwin Deason continue urging other shareholders to oppose the $6.1B deal.

Tue, 13 Feb 2018 05:11:13 GMT

Samsung shares climb 5% on Tuesday

Shares of the South Korean technology company Samsung Electronics surged 5% on Tuesday due to strong demand from investors, following last week's heavy loss.

Tue, 13 Feb 2018 03:59:08 GMT

BoJ Kuroda sees cryptocurrency unlikely to threaten Yen

The Governor of the BoJ Haruhiko Kuroda stated that cryptocurrencies are unlikely to threaten the Yen any time soon, being mostly used for speculation, rather than for payments.

Tue, 13 Feb 2018 03:57:16 GMT

GM to shut plant in South Korea, more cuts expected

General Motors stated that it would shut one of the company's plants in South Korea and incur an impairment charge of $850M as a part of money-losing business restructuring.

Tue, 13 Feb 2018 03:30:18 GMT

Mood of Australian businesses improves last month

National Australia Bank reported that its Business Confidence Index came in at 12 points in January, up from the preceding month's 10.

Tue, 13 Feb 2018 03:29:21 GMT

Japanese producer prices rise in line with forecasts last month

The Bank of Japan reported on Tuesday that its PPI rose 2.7% year-over-year in January, after climbing 3.1% in the prior month, meeting analysts' expectations.

Mon, 12 Feb 2018 21:13:32 GMT

UK PM May urges parties of Northern Ireland to restore government

The Prime Minister of the UK Theresa May has urged the political parties of Northern Ireland to restore the devolved government, adding she sees the possibility of that happening in the nearest future.

Mon, 12 Feb 2018 21:11:01 GMT

Lloyds and RBS set new ethnic targets in top management

Two largest British banks, Lloyds Banking Group and Royal Bank of Scotland, claimed that new targets for a representation of ethnic minorities are set after allegations in a lack of diversity in leadership positions.

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