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HKEX vows to press on with its $39 billion LSE buyout bid

16-09-2019

Later on, Friday, the 13th of September 2019, HKEX or the Hong Kong Exchanges had refused to give up its bid to acquire London Stock Exchange at a $39 billion takeover offer which the British bourse had forcibly rejected at the earlier part of that day

Conservatives slammed ECB on its lavish stimulus package

15-09-2019

On Friday, conservative policymakers of European Central Bank had slammed the latest ECB stimulus package that released on Thursday (September 12th) and voiced vociferous doubts over the needs alongside efficacy of such a fiscal injection

Apple counters Goldman call on negative impact of Apple TV+ trial

15-09-2019

On Friday, the 13th of September 2019, the Cupertino-based iPhone maker which had recently announced a launch of its $5-per-month streaming television platform Apple TV+ by next November, sent response to a disputed research note of Goldman Sachs

Union says no to GM contract extension, leaders to meet on Sunday

15-09-2019

The United Auto Workers, a Detroit, Michigan-based American labour union founded back on May 1935, said in a letter on Saturday that it would not be extending its contracts with General Motor Co

Volkswagen cancels Empire building strategy as an all-electric push

15-09-2019

Volkswagen, the German maker of luxury brands likes of Porsche, Lamborghini, Bentley, Ducati and Bugatti, headquartered in Wolfsburg, had been exploring a strategy to suspend its empire building strategy as an all-electric push

France, Germany outburst on Facebook’s Libra, back a public crypto instead

15-09-2019

On Friday, euro zone’s largest economy Germany alongside world’s seventh-largest economy by nominal GDP, France sent a set of legal bombardments to Facebook Inc. proposed digital currency Libra

S&P says Mexican Government’s 2020 growth forecast too optimistic

15-09-2019

On Friday, the 13th of September 2019, rating agency, S&P Global Ratings, said that economic growth forecast of Mexican government for 2020 to stay between 1.5 per cent to 2.5 per cent was too optimistic

Houthi drones hit two Aramco plants; oil supply disrupted

15-09-2019

On Saturday, the 14th of September 2019, an Iran-backed group of Yemeni Houthis launched attacks on two Saudi Aramco oil plants, at the heart of the oil-obsessed Kingdom's crude oil industry

Disney CEO resigns from Apple board as streaming TV battle steams up

14-09-2019

On Friday, the Cupertino-based iPhone maker, Apple Inc., the largest tax-payer in the United States, had issued a statement saying that the Chief Executive Officer of Walt Disney Co., Bob Iger, had resigned from Apple Inc.’s management board

India’s trader body seeks ban on Amazon, Walmart’s festive season sales

14-09-2019

On Friday, one of India’s leading trader body had asked the government of PM Narendra Modi to impose a ban on upcoming festive season sales of Amazon India alongside its rival Walmart-owned Flipkart

Ford, GM to press on electric trucks to outflank Tesla

14-09-2019

GM & Ford, the first- and second-largest US automakers by revenue had been seeking out a plan to replace their petroleum-fuelled engines with batteries aimed at eclipsing e-vehicle maker Tesla Inc.’s plan to counter their top brands

Boeing prepares en masse efforts to return 737 Max back in to the sky

14-09-2019

Crisis-hit Boeing Co., world’s largest low-cost aircraft carrier manufacturer based on Chicago, Illinois, was laying the groundworks of winning approval to return its best-selling 737 Max in to the skies within weeks

London Stock Exchange rejects Hong Kong Exchanges’ $39bn buyout bid

13-09-2019

On Friday, the 13th of September 2019, the London Stock Exchange had strongly denied a $39 billion acquisition offer by Hong Kong Exchanges

Mexico gives Pemex $5 billion to pay off some debts, plans refinancing

13-09-2019

On Wednesday, global rating agencies had flagged a cautiously positive outlook on Mexico’s state-controlled oil firm, Pemex, following Mexican government’s $5 billion aid to its scuffling oil firm to repay some of its debts

Purdue Pharma reaches tentative opioid settlement with some plaintiffs

13-09-2019

Opioid painkiller Oxycontin-maker Perdue Pharma LP had reached a tentative deal worth of $12 billion with some of the plaintiffs seeking claims and liabilities over its alleged role in spurring up an opioid abuse

GM recalls 3.8 million vehicles in North America on braking issue

13-09-2019

On Wednesday, Detroit-based multinational carmaker, General Motors Company, commonly dubbed as General Motors, had issued a statement saying that the No. 1 US carmaker was going to recall as many as 3.46 million pickup trucks and SUVs

Google to pay $1 billion in France to settle fiscal fraud probe

13-09-2019

On Thursday, the 12th of September 2019, Alphabet Inc.’s search engine behemoth and internet service provider, Google LLC, founded and headquartered in Menlo Park, California, had agreed to pay a lump-sum of €1 billion ($1.10 billion) to French regulat

Jack Ma says farewell to Alibaba in tears with rock star show

12-09-2019

On Tuesday, the 10th of September 2019, a lachrymose Jack Ma, owner and Chief Executive of Chinese e-commerce conglomerate, Alibaba Inc., announced his retirement from the Chinese e-commerce giant

Hong Kong Exchanges makes surprise $39bn bid for London Stock Exchange

12-09-2019

Owner of the London Metal Exchange, Hong Kong Exchanges and Clearing Limited, a stock and futures market operator in Hong Kong, founded back in the 2000s, had made an unprecedented $39 billion takeover bid for LSE

General Electric to lose majority stake in Baker Hughes at $3bn share sale

11-09-2019

On Tuesday, Texas-based Baker Hughes, a GE-owned industrial service provider, said General Electric, owner of Baker Hughes, had been exploring an option to raise as many as $3 billion by selling stakes of its majority-owned Baker Hughes

US lawmakers say Hong Kong could leak tech to China

11-09-2019

On Tuesday, the 10th of September, amid -month-long protests in Hong Kong against an extradition bill to China, a group of US Senators had asked White House to evaluate export rules for Hong Kong

Facebook’s Libra seeks Swiss payment system license amid growing cynicism

11-09-2019

On Wednesday, Swiss Financial watchdog, FINMA or Swiss Financial Market Supervisory Authority, issued a public statement saying that the social networking tycoon, Facebook Inc.’s crypto venture Libra had been seeking a Swiss payment system license

WeWork pressing on to its IPO, set to corner SoftBank investment

11-09-2019

WeWork, headquartered in New York City, had been holding forth to go-ahead with its plan to public listing despite tepid interest on to its shares, at least three sources with knowledge regarding the subject-matter had unveiled

US charges Chinese professor in latest blow to Huawei

11-09-2019

Amid a yearlong tug of war between United States and China’s tech conglomerate Huawei Technologies, US prosecutors had recently charged a Chinese professor with fraud for alleged theft of technology

Apple reveals triple-camera iPhone, $5 monthly streaming TV

11-09-2019

On Tuesday, the 10th of September 2019, the Cupertino, California-based iPhone maker seemed to have infused a hardware war in the smartphone industry by revealing a triple-camera iPhone

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