News

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Thu, 16 Aug 2018 19:53:13 GMT

Walmart's US sales growth hits record-high in decade

Walmart reported on Thursday its quarterly US sales growth hit its record-high of 40% in a decade, compared to a 33% rise in the preceding period, sending its shares up 10% to $99.08.

Thu, 16 Aug 2018 19:01:59 GMT

Tesla aims to make 8K Model 3 cars per week

According to the Evercore analysts' report published on Thursday, Tesla is on track to make 8K Model 3 vehicles per week, despite such a move will increase the carmaker's spending.

Thu, 16 Aug 2018 19:01:20 GMT

Kroger launches tests of autonomous grocery delivery in Arizona

On Thursday, the US supermarket operator Kroger has launched tests of its driverless grocery delivery with its tech partner Nuro at Fry's Food Store in Arizona.

Thu, 16 Aug 2018 17:59:01 GMT

China Evergrande to invest $240M to develop world's fastest supercomputer

China Evergrande Group, the property developer, stated on Thursday it would make an investment worth $239.53M into the six high-tech projects, including one designed to build the fastest supercomputer in the world.

Thu, 16 Aug 2018 17:57:50 GMT

Wendy's to sell its 12.3% stake in Inspire Brands

On Thursday, the burger chain Wendy's stated it would sell a 12.3% stake in Arby's owner Inspire Brands in a deal valued at $450M.

Thu, 16 Aug 2018 16:53:33 GMT

Bayer launches integration of Monsanto

Bayer announced on Thursday it could launch an integration of Monsanto into the German drugmaker's organisation, after successful completing the antitrust-related assets sale and fulfilling the US Department of Justice's final requirements.

Thu, 16 Aug 2018 16:52:48 GMT

Cevian may claim second board seat at Thyssenkrupp

Investor Cevian is likely to seek the second board seat at the German engineering company Thyssenkrupp, to focus on a new CEO and chairman search and help push for the restructuring measures.

Thu, 16 Aug 2018 16:09:46 GMT

JD.com seeks moving its warehousing assets to separate unit

On Thursday, the Chinese e-commerce giant JD.com claimed that it was planning to move its warehousing assets' management to the separate unit, hoping to revive profits after a loss in April-June.

Thu, 16 Aug 2018 15:52:39 GMT

Mexico and US to cooperate to fight drug cartels

The law enforcement authorities of Mexico and the US are planning to set up a team based in Chicago to target the finances and leaders of the Mexican drug cartels.

Thu, 16 Aug 2018 14:51:39 GMT

China bans offshore lending to support yuan

On Thursday, the Central Bank of China banned banks in its free trade zones from various lending activities to ease the pressure on the yuan in offshore markets.

Thu, 16 Aug 2018 14:51:30 GMT

HSBC increases rates for savers and borrowers in UK

On Thursday, Britain's HSBC decided to follow the decision of the Bank of England to raise interest rates, resulting in the increased rates for borrowers and savers.

Thu, 16 Aug 2018 14:31:53 GMT

Israel's Aeronautics rebuffs buyout deal from Stolero, Rafael

The Israeli drone maker Aeronautics has rebuffed a $117M worth takeover bid from the businessman Avihai Stolero and the state-owned company Rafael Advanced Defense Systems.

Thu, 16 Aug 2018 14:30:48 GMT

Alibaba's Babytree seeks up to $1.0B HK IPO

Alibaba-backed online parenting company Babytree is planning to attract up to $1.0B in an initial public offering in Hong Kong scheduled for this October.

Thu, 16 Aug 2018 10:24:46 GMT

Trump revokes Obama's CIA head's access

The US President Donald Trump on Wednesday had revoked the security clearance of the previous CIA Director of the Obama era John Brennan.

Thu, 16 Aug 2018 10:24:13 GMT

Oil prices surge on Thursday

On Thursday, crude oil prices surged, regaining some of the losses, which were suffered during the last two days. The catalyst for the surge was the release of the US Crude Oil Inventories data on Wednesday.

Thu, 16 Aug 2018 09:20:32 GMT

UK regulator orders Disney to offer at least £14 per Sky share

On Thursday, the British Takeover Panel ruled out that Walt Disney would have to offer no less than £14 per share to acquire the UK pay-television company Sky.

Thu, 16 Aug 2018 09:15:48 GMT

Royal London posts 1% rise in operating profit

Royal London, the British biggest pensions, mutual life and investment firm, reported its first half operating profit soared 1% to £187M from £185M a year earlier.

Thu, 16 Aug 2018 08:03:07 GMT

CareTech to acquire rival Cambian in $473M deal

On Thursday, CareTech Holdings, Britain's social care service company, agreed to acquire its rival Cambian Group in a deal worth about $472.66M, as it seeks to boost the firm's child care business.

Thu, 16 Aug 2018 07:56:58 GMT

Uganda calls on MTN Group's unit to list on local SE

Uganda called on a unit of South Africa's telecoms titan MTN Group to list its shares locally as a condition to renew its operating licence.

Thu, 16 Aug 2018 07:08:33 GMT

Lagardere to acquire US airport food firm for $330M

France's Lagardere travel retail agreed to acquire the US airport food group Hojeij Branded Foods in a deal valued at $330M, the company stated on Wednesday.

Thu, 16 Aug 2018 07:07:46 GMT

Best Buy acquiring GreatCall in $800M deal

On Wednesday, Best Buy announced it would acquire the health service company GreatCall in a $800M cash-deal, as it seeks to expand its services and selling products among the aging US population.

Thu, 16 Aug 2018 06:37:36 GMT

Starboard takes 5.8% stake in Symantec Corp

Starboard Value LP, the activist investor, has bought a 5.8% stake in Symantec Corp, seeking to get five seats at the cyber-security firm's board, according to the Wall Street Journal.

Thu, 16 Aug 2018 05:14:26 GMT

US hits China, Russian companies on breach of North Korea sanctions

The US imposed sanctions on Russia's port service agency and China's firms for aiding to ships of North Korea and selling tobacco and alcohol to Pyongyang in a breach of the US sanctions.

Thu, 16 Aug 2018 05:14:10 GMT

Cisco's software bid fuels quarterly results, strong forecast

Cisco Systems topped Wall Street forecasts for quarterly profit and revenue and forecast Q1 sales above targets, as the company's transition to a software-focused firm gained traction.

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