News

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Tue, 05 Feb 2019 13:31:28 GMT

T-Mobile vows to halt price growth if merger approved

On Tuesday, the T-Mobile US announced it would halt the price growth for three years, including some exceptions, if it received an approval to acquire its competitor Sprint Corp in a deal worth $26B.

Tue, 05 Feb 2019 11:51:14 GMT

US allows emission claims against Daimler to proceed

On Tuesday, it was revealed by Reuters that a US judge has allowed to proceed to almost all claims against Daimler AG in regards to excess emissions in diesel cars.

Tue, 05 Feb 2019 11:50:51 GMT

EU, Qatar close to finalise air services deal

The European Union and Qatar are entering the final stages of completing the comprehensive air transport deal covering fair transparency and competition, the Qatar Airways CEO stated on Tuesday.

Tue, 05 Feb 2019 10:55:56 GMT

Nissan calls extraordinary shareholder meeting

Nissan Motor on Tuesday announced that the company will hold a shareholder meeting on April 8 to formally change the chairman of the company.

Tue, 05 Feb 2019 10:27:04 GMT

Britain's FirstGroup seeks regional bus unit sale

FirstGroup, the British transport company, has launched a sale of one of its biggest regional bus divisions in Manchester in the cut-price deal worth as little as £20.0M, according to the Telegraph.

Tue, 05 Feb 2019 10:15:37 GMT

GE to finalise transportation arm spin-off soon

General Electric stated it had expected to finalise the merger deal between its transportation unit and Wabtec Corp by February 25, setting record date for the shares distribution.

Tue, 05 Feb 2019 09:33:05 GMT

Mubadala sells 34.9M shares in AMD chipmaker

Abu Dhabi's Mudabala has sold 34.9M common equity shares of Advanced Micro Devices, planning to convert about 75M warrants in the US chipmaker, the company's spokesperson stated on Tuesday.

Tue, 05 Feb 2019 09:23:45 GMT

Germania airline files for insolvency

On Tuesday, the German carrier Germania announced about filing for an insolvency, planning to terminate its flight operations immediately due to a stronger dollar and growing fuel prices.

Tue, 05 Feb 2019 08:14:38 GMT

Panasonic shares drop on profit warning

Shares in Panasonic plunged as much as 6.5% on Tuesday on the EV battery developer's report about a fall in its quarterly profit, cutting its annual forecast, and after its rival Tesla's announcement about the battery deal with Maxwell.

Tue, 05 Feb 2019 08:10:58 GMT

Merkel lays out conditions for Huawei's role in 5G network

On Tuesday, Germany's Chancellor Angela Merkel has made conditions for Huawei Technologies' participation in building the 5G network, saying the Chinese tech giant must guarantee it would not hand over the private data to China.

Tue, 05 Feb 2019 07:28:07 GMT

Boeing to accelerate 737 jet production

Boeing is seeking to speed up the production of its 737 jetliner to 57, compared to the current rate of 52, in early June, as the company is trying to keep up with the surging global demand and its EU rival.

Tue, 05 Feb 2019 07:15:00 GMT

GM to cut 4K jobs amid restructuring

General Motors is set to slash about 4K job positions in its latest restructuring round announced in November that would ultimately trim the carmaker's workforce by 15% out of 54K in North America.

Tue, 05 Feb 2019 05:52:14 GMT

USD remains steady on Tuesday

During the early hours of Tuesday's trading session the value of the US Dollar remained steady. Financial media attributed the event to a recovery of investor appetite.

Tue, 05 Feb 2019 05:37:28 GMT

Reserve Bank of India might cut rates

On Tuesday, it was revealed by Indian officials that the Reserve Bank of India is likely going to cut interest rates, if inflation in India remains below four percent.

Tue, 05 Feb 2019 05:31:45 GMT

Australian Dollar recovers due to fundamentals

As the Australian central bank announced that it will keep its base rate unchanged, the Australian Dollar began to recover previous losses against other currencies.

Tue, 05 Feb 2019 05:31:12 GMT

Reserve Bank of Australia keeps rate unchanged

On Tuesday, the Reserve Bank of Australia made a rate announcement. The central bank kept their base rate unchanged at 1.5%.

Tue, 05 Feb 2019 04:33:19 GMT

British shoppers rise spending cautiously in January

The UK consumers increased the pace of shopping in January, which grew by the most in the seven-month period, giving a relief to retailers after the worst Christmas in a decade.

Tue, 05 Feb 2019 04:30:05 GMT

Alphabet's increased spending worries investors

Alphabet reported markedly higher spending on employees, facilities and video content in the Q4, worrying investors and sending the comapny's shares down nearly 3% after hours.

Tue, 05 Feb 2019 03:21:12 GMT

Construction booming in British regional cities

Construction activity in the UK four regional cities was at a record high, including projects in Manchester, in spite of uncertainty over Brexit, Deloitte stated.

Tue, 05 Feb 2019 03:17:28 GMT

Japan's services PMI grow on rise in domestic demand in January

The Japanese services sector activity increased in January amid a rise in domestic demand, though worries that the country's economic activity is likely to weaken due to the trade war were growing.

Mon, 04 Feb 2019 20:51:44 GMT

Palo Alto considers acquiring security firm Demisto

Palo Alto Networks has entered talks to acquire the US-Israeli IT security company Demisto, according to a financial daily the Calcalist's report published on Monday.

Mon, 04 Feb 2019 20:51:33 GMT

DNB keeps supporting Nasdaq's bid for Oslo Bors

The biggest owner of Oslo Bors, the Norwegian bank DNB, stated it would maintain to support Nasdaq in its intention to acquire the stock market operator, saying Nasdaq's bid was superior to its rival Euronext's offer.

Mon, 04 Feb 2019 20:17:51 GMT

Del Frisco's to add extra board seat

On Monday, the Del Frisco's restaurant operator announced it would add additional board seat on the back of its deal with Engaged Capital, the activist shareholder, which was calling for the restaurant group sale.

Mon, 04 Feb 2019 20:09:37 GMT

Schlumberger drops stake bid in Russia's EDC

Schlumberger, the US oilfield services giant, has scrapped its stake bid in the Russian Eurasia Drilling Company, after no regulatory approval was received, Russia's FAS announced on Monday.

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