News

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Thu, 17 May 2018 10:03:41 GMT

Rovio posts better-than-expected quarterly profit

The "Angry Birds" film and mobile games maker Rovio reported its Q1 profit almost doubled y/y to $12M, sending the company's shares up 5.6% on the news.

Thu, 17 May 2018 09:07:23 GMT

Japan purchases three vessels of sorghum due to China-US trade row

Japan's grain buyers have purchased three vessels of 150-180K tonnes of the US sorghum in a wake of the trade row between the United States and China.

Thu, 17 May 2018 08:59:12 GMT

Serbian PM Brnabic takes over FinMin post until new one is named

Ana Brnabic, Serbia's Prime Minister, is set to act as the country's Finance Minister until the government appoints a new one to succeed Dusan Vujovic after he resigned last month.

Thu, 17 May 2018 08:36:59 GMT

Ocado ties-up with Kroger on grocery deliveries tech, shares rise

The US retaier Kroger has agreed for a deal with Britain's Ocado to use its tech for grocery deliveries, bringing the UK firm to the US market and sending its shares up 50% on the news.

Thu, 17 May 2018 08:33:50 GMT

VW's core car brand to skip Paris auto show

Volkswagen's core car brand is set to pull out the Paris motor show scheduled for October 2-3 this year, saying it would host "various communications activities" in the French capital instead of attending the event.

Thu, 17 May 2018 07:21:27 GMT

James Murdoch to step down after Fox-Disney deal

The 21st Century Fox's CEO James Murdoch is eager to step down after the firm sells off its film and TV assets in a deal with Walt Disney and will be replaced by his brother Lachlan Murdoch.

Thu, 17 May 2018 07:16:06 GMT

Zoetis signs $1.9B acquisition deal with Abaxis

Zoetis, the top animal health firm, is set to acquire the veterinary diagnostics company Abaxis in a deal that was valued at $1.9B, as it seeks to expand in diagnostics services at the fast-growing market.

Thu, 17 May 2018 06:36:35 GMT

YouTube to unveil new music streaming platform next week

On Wednesday, Google's YouTube said it would trigger a new music streaming platform called YouTube Music on May 22, adding it would also reveal a premium service soon that would charge more for the original shows.

Thu, 17 May 2018 06:33:12 GMT

Intel's Mobileye to supply 8M cars with its autonomous tech to EU carmaker

Intel's Israel-base self-driving unit Mobileye stated it had clinched a deal to supply 8M vehicles with its autonomous driving technology to the European carmaker, not disclosing the further details.

Thu, 17 May 2018 05:30:04 GMT

Santos gets $10.4B bid from Harbour

Harbour Energy, the US investment fund, formalised its $10.3B bid for Australian company Santos, though investors indicated that the firm might be worth more.

Thu, 17 May 2018 05:29:30 GMT

Tianjin to create $16B artificial intelligence fund

Chinese northern city of Tianjin revealed its intention to set up $16B worth fund to support the industry of artificial intelligence, news agency Xinhua stated.

Thu, 17 May 2018 03:55:00 GMT

Mexico's Central Bank: hackers to hit about $15M

The Central Bank of Mexico stated that a cyber attack which affected a payment system within a country, hit five companies and that estimated $15.33M of irregular transactions were detected.

Thu, 17 May 2018 03:54:43 GMT

Mothercare to shut 50 stores

The British firm Mothercare is set to close 50 stores in the country and reappoint Mark Newton-Jones as its CEO within a restructuring plan to be revealed on Thursday.

Thu, 17 May 2018 02:52:03 GMT

China, US to launch trade negotiations

The US and China are expected to launch trade negotiations on Thursday, aiming to avert damaging tariff conflicts, senior Trump administration's officials stated.

Thu, 17 May 2018 02:51:53 GMT

Tencent shares open 7% higher on high Q1 profit

Shares of Tencent Holdings opened 7% higher in Hong Kong, following the company's report of better-than-anticipated results in the March quarter.

Thu, 17 May 2018 02:34:19 GMT

Amazon cuts prices in Whole Foods for Prime members

Whole Foods debuted a loyalty program for Prime customers, which would test whether Amazon's $13.7B deal intensifies price war in the industry dominated by Kroger and Walmart.

Thu, 17 May 2018 02:33:32 GMT

Japan considers retaliatory tariffs against US

Japan was considering slapping retaliatory tariffs on the US exports worth $409M against aluminium and steel import tariffs imposed by Donald Trump.

Wed, 16 May 2018 19:51:35 GMT

Toll Collect settles dispute with German government

Toll Collect is to reimburse the German government €3.2B in order to settle a dispute over delayed introduction of a satellite truck toll system.

Wed, 16 May 2018 19:51:17 GMT

Macy's raises full-year profit forecast

The US-based department store chain Macy's Inc raised on Wednesday its yearly profit forecast in response to strong tourism spending and gains from a wider product assortment.

Wed, 16 May 2018 19:00:26 GMT

EBRD is ready to lend additional funds to Western Balkans

The European Bank for Reconstruction and Development is willing to lend more funds to Western Balkan countries to boost reforms and attract investment, the Bank said today.

Wed, 16 May 2018 18:58:51 GMT

Fed's Bullard says rate hikes to slow down economy, reduce inflation

The President of the Federal Reserve Bank of St. Louis James Bullard said further interest rate increases would slow the US economic growth and reduce inflation.

Wed, 16 May 2018 17:52:58 GMT

Zuckerberg to meet EP leaders over data privacy

The Facebook CEO Mark Zuckerberg is set to meet European Parliament leaders to answer questions about the improper handling of users' private data by Cambridge Analytica.

Wed, 16 May 2018 17:52:28 GMT

Reuters: Brent expected to remain above $70 a barrel due to tighter supply

According to a recent poll by Reuters, the price of Brent crude is likely to remain above $70 a barrel, as the new US sanctions on Iran should tighten the oil supply.

Wed, 16 May 2018 17:10:54 GMT

Richemont introduces new watch brand to attract younger customers

The Swiss luxury goods company Richemont has launched a watch brand Baume which is priced considerably lower in an attempt to attract younger customers.

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