News

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Thu, 18 Oct 2018 04:36:11 GMT

Musk to purchase $20M in Tesla stock

Elon Musk, the CEO of Tesla Inc, is expected to purchase company's stock worth $20B in the next trading session, the electric carmaker stated in a filing.

Thu, 18 Oct 2018 04:33:57 GMT

Spotify takes minor stake in music distributor DistroKid

Music streaming service Spotify stated that it took a stake in a distribution service DistroKid allowing recording artists to upload music across streaming platforms and online stores, including Apple Music.

Thu, 18 Oct 2018 03:31:43 GMT

Alcoa's profit jump fuelled by higher alumina prices

The US top aluminium producer Alcoa Corp reported a stronger-than-expected quarterly profit, as supply hits series boosted prices of alumina.

Thu, 18 Oct 2018 03:27:51 GMT

Japan exports decline in September amid Sino-US trade war

Japan's exports dropped in September for the first time in two years, as shipments to the US and China fell, likely impeding the Q3 economic growth and adding to concerns over the impact of the Sino-US trade war.

Wed, 17 Oct 2018 20:32:23 GMT

Caesars gets merger deal proposal from Casino mogul Fertitta

Caesars Entertainment, the US casino operator, received a proposal from the Golden Nugget Casinos' billionaire owner Tilman Fertitta to merge their gaming operations, sources reported on Wednesday.

Wed, 17 Oct 2018 20:27:51 GMT

US Senate calls on Kia, Hyundai to testify on reports of engine fires

The US Senate Commerce Committee has urged Kia Motors and Hyundai Motor to testify on the engine fire reports scheduled for November 14.

Wed, 17 Oct 2018 19:36:24 GMT

Noreco to buy Danish upstream assets for $1.9B

Royal Dutch Shell has signed a deal with Norwegian Energy to sell the company's Danish upstream assets for $1.9B on the back of Shell's wider divestment strategy, it stated on Wednesday.

Wed, 17 Oct 2018 19:31:43 GMT

Astorg to acquire majority stake in Montagu's Nemera

On Wednesday, France's private equity group Astorg has agreed to take control over the health devices supplier Nemera by acquiring its majority stake from its owner Montagu Private Equity, not providing any further information over financial terms of the deal.

Wed, 17 Oct 2018 18:28:42 GMT

Italian PM Conte: there is no place for changes in 2019 budget

On Wednesday, the Prime Minister of Italy Giuseppe Conte claimed that he believes that there is no places for changes in a draft version of Italy's 2019 budget which has been criticised by the EU.

Wed, 17 Oct 2018 18:15:51 GMT

British Raab: Brexit agreement will need approval from the parliament

On Wednesday, British Brexit minister Dominic Raab claimed that any Brexit agreement which could be reached between the UK and the EU will need an unequivocal approval by the parliament. 

Wed, 17 Oct 2018 17:38:05 GMT

EU's Barnier: more time is needed to reach Brexit deal

On Wednesday, EU's chief Brexit negotiator Michel Barnier claimed that much more is needed to finalise Brexit deal between the UK and the EU and added that a work on the agreement will be done patiently and calmly.

Wed, 17 Oct 2018 17:34:06 GMT

Pfizer to cut 2% employees

On Wednesday, US pharmaceutical giant Pfizer claimed that it is planning to reduce its workforce by 2% through layoffs and voluntary retirements at the end of this year and at the beginning of the next year.

Wed, 17 Oct 2018 16:08:04 GMT

May to address EU leaders on Wednesday

The UK Prime Minister Theresa May will address European Union leaders in Brussels on Wednesday, as Brexit discussions stalled at the weekend.

Wed, 17 Oct 2018 16:03:59 GMT

US consumer confidence increases

According to a report, released on Wednesday by a global outplacement and executive coaching firm, showed that US consumer confidence is at its highest level in almost two decades.

Wed, 17 Oct 2018 15:11:11 GMT

UK's opposition party says Britain should consider sanctions on Saudi Arabia

On Wednesday, the Labour party spokesman John McDonnell said that Britain should consider sanctions on Saudi Arabia if there are no legitimate answers over the whereabouts of journalist Jamal Khashoggi.

Wed, 17 Oct 2018 15:07:48 GMT

Wall Street declines on IBM's results

US stocks edged lower on Wednesday, as investors were disappointed with the results of IBM's quarterly revenue.

Wed, 17 Oct 2018 14:26:04 GMT

Greece's PM approves Foreign Minister's resignation

Alexis Tsipras, the Greek Prime Minister, has approved the Foreign Minister Nikos Kotzias's resignation this Wednesday, saying he would take over the portfolio on foreign affairs himself.

Wed, 17 Oct 2018 14:21:20 GMT

Germany postpones decision on planned visit to Saudi conference

The German Foreign Minister Heiko Maas has delayed his decision on the ministerial planned trip to Saudi Arabia for the investment conference until Riyadh provides more clarity over missing journalist.

Wed, 17 Oct 2018 13:25:36 GMT

Siemens likely to share Iraqi power contract with rival GE

Siemens is most likely to share its Iraq's power contract worth billions of dollars with its US rival General Electric to boost Iraqi energy supply system, according to the FT report.

Wed, 17 Oct 2018 13:16:35 GMT

Boeing clinches maintenance deals with Lufthansa, El Al Airlines

Boeing has signed a two-year-long maintenance contract with the Israeli carrier El Al Airlines and supplemented the existing deal with Germany's Lufthansa, seeking to bolster its after-sales business.

Wed, 17 Oct 2018 12:30:46 GMT

Tesla signs deal with Shanghai to build first Gigafactory overseas

Tesla has secured the deal with Shanghai for the 860K m2 site to construct its first Gigafactory overseas, the electric automaker told China's social media on Wednesday.

Wed, 17 Oct 2018 12:24:38 GMT

InMobi acquires mobile advertising firm from Sprint

InMobi, the technology for marketers provider, said on Wednesday it had acquired an advertising and mobile data unit created in 2012 by Sprint Corp in the all-stock deal, not providing the financial details.

Wed, 17 Oct 2018 11:39:54 GMT

President of Maldives set to step down after term-end

On Wednesday, the Maldives' President Abdulla Yameen stated he would step down after the end of his term, having no regrets or reservations on any of decisions he had made.

Wed, 17 Oct 2018 11:35:24 GMT

Netflix shares soar on subscriber growth report

Netflis shares surged 11% on Wednesday, following the company's report about a record growth to 7M in the number of its subscribers within the last three months.

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