News

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Wed, 27 Nov 2019 13:10:41 GMT

Deutsche Bank sells $50B in assets to Goldman Sachs

Goldman Sachs has acquired $50B of Deutsche Bank's unwanted assets amid lender's ongoing restructuring, according to a Bloomberg report seen on Wednesday.

Wed, 27 Nov 2019 12:39:38 GMT

Pope appoints new financial regulator amid police raid

On Wednesday, Pope Francis has appointed Carmello Barbagallo as new Vatican's financial regulator, Reuters reported.

Wed, 27 Nov 2019 11:19:37 GMT

Lagarde comments on ECB policy

On Wednesday, the new President of the ECB Christine Lagarde stated that the duty of the ECB is to keep the value of the Euro stable.

Wed, 27 Nov 2019 10:03:53 GMT

Dell trims annual revenue forecast

Dell Technologies has reduced its full-year revenue outlook, as the company's PC business struggles with a chips shortage from Intel Corp, sending the shares down about 5%.

Wed, 27 Nov 2019 08:58:34 GMT

Musk says Tesla gets 250K orders for Cybertruck

Tesla has already received 250K orders for its new electric pickup truck launched a couple of days ago, the carmakers CEO Elon Musk stated in his tweeter.

Wed, 27 Nov 2019 08:39:57 GMT

Xerox readies to take HP $33.5B buyout offer hostile

Xerox Corp is preparing to take the $33.5B buyout offer directly to HP shareholders, following the company's refusal to open books for due diligence.

Wed, 27 Nov 2019 05:58:06 GMT

Profits at China's industrial firms decline

According to data released by the National Bureau of Statistics showed that China's industrial sector profits fell by 9.9% in October.

Wed, 27 Nov 2019 05:04:51 GMT

Asian shares surge on Wednesday

Asian shares edged higher on Wednesday after the US President Donald Trump said that the United States and China are close to agreement on the first phase of a trade deal.

Wed, 27 Nov 2019 04:04:08 GMT

Xerox plans to take buyout bid directly to HP shareholders

Xerox Corp announced on Tuesday that it was preparing to take its buyout bid worth of $33.5 billion directly to HP shareholders.

Wed, 27 Nov 2019 03:02:02 GMT

US goods trade deficit drops by 5.7% in October

The US Commerce Department announced on Tuesday that the US goods trade balance fell by 5.7% in October.

Tue, 26 Nov 2019 21:38:03 GMT

Audi to slash 9.5K jobs

Audi announced the main restructuring scheme, cutting around 9.5K jobs in 6 years in a bid to adopt production to the era of e-mobility and reach billion-euro cast savings.

Tue, 26 Nov 2019 18:42:36 GMT

US trade deficit narrows in October

The US goods trade deficit fell 5.7% to $66.5B in October, as both imports and exports imports declined, indicating lingering decline in trade flows.

Tue, 26 Nov 2019 18:07:43 GMT

Mexico to spend $44B on infrastructure

The Mexican government announced the first phase of an infrastructure plan for the private sector, covering a range of transportation and other projects in five years.

Tue, 26 Nov 2019 16:41:15 GMT

US banking sector profits drop $4.5B

Profits across the US banks fell slightly to $57.4B in the Q3 of 2019, as "nonrecurring events" at three big financial institutions restrained sector growth, the FDIC reported.

Tue, 26 Nov 2019 16:12:05 GMT

US consumer confidence fall in November

The US consumer confidence declined for a fourth month in succession in November due to worries over employment prospects and current business conditions.

Tue, 26 Nov 2019 15:05:09 GMT

Hyundai gets green light for Gangnam HQ building

On Tuesday, the government of the Seoul city has granted approval for the long-delayed construction of the new headquarters for Hyundai Motor Group in the South Korean district of Gangnam; potentially the tallest skyscraper when finished in 2026.

Tue, 26 Nov 2019 14:11:19 GMT

EBay to sell StubHub in $4.05B deal

EBay is planning a sale of the ticketing division StubHub to the ticket reseller Viagogo in a cash deal worth $4.05B, both firms announced recently.

Tue, 26 Nov 2019 12:57:18 GMT

Hewlett Packard posts worse-than-expected revenue

Hewlett Packard Enterprise disappointed Wall Street's analysts with worse-than-expected quarterly revenue results, hit by sluggish demand for its storage and servers products, and sending the company's shares down around 4%.

Tue, 26 Nov 2019 11:55:02 GMT

Alibaba's HK shares jump 6.6% on debut

Alibaba Group's Hong Kong shares rose 6.6% to HK$187.60 in this year's debut, making it the third-largest listing on record for the HK market, Refinitv reported on Tuesday.

Tue, 26 Nov 2019 11:39:08 GMT

DHL to launch delivery vans in early 2020

DHL Group's StreetScooter EV division is set to enter the US market next spring by launching its zero-emission Work L delivery vans, the company announced on Tuesday.

Tue, 26 Nov 2019 09:57:42 GMT

Faurecia views record profits, sales in 2022

Faurecia, the French car parts producer, set its targets for record profits, cash generation and sales in 2022 amid its strategy programme and boost from the Japanese firm Clarion acquisition, sending the firm's shares up 2.6%.

Tue, 26 Nov 2019 09:38:18 GMT

AIG plans 76.6% stake sale in Fortitude Re

American International Group is planning to sell a 76.6% stake worth around $1.8B in the reinsurer Fortitude Re to the Japanese insurer T&D Holdings and Carlyle Group, the US buyout fund.

Tue, 26 Nov 2019 07:49:23 GMT

Charles Schwab to acquire TD Ameritrade for $26B

Charles Schwab Corp has agreed to acquire TD Ameritrade Holding in the all-stock deal worth $26.0B, forming a brokerage giant; the acquisition that is likely to shake up the retail brokerage industry.

Tue, 26 Nov 2019 07:20:58 GMT

Employees of FCA, PSA set to sign merger accord soon

Peugeot-owner PSA Group and Fiat Chrysler informed their employees about signing a merger agreement already in coming weeks, according to Reuters sources.

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