UAE’s Brooge Petroleum to start trading on Nasdaq on December 23rd

23-12-2019
United Arab Emirates-based Brooge Petroleum and Gas Investment Co., engaged primarily on oil storage, had issued a statement on Sunday, the 22nd of December 2019, saying that the company would start trading on Nasdaq as early as from Monday

Nord Stream 2 presses on European natgas pipeline amid US sanctions

23-12-2019
On Saturday, partners of Nord Stream 2 AG said that they had been seeking to complete the pipeline as soon as possible amid a US sanction that forced a number of major contractors to cancel their pipe-laying activities

Columbia bans Uber’s ride-hailing app, cites competition rules violation

23-12-2019
Adding another fresh blow to the US-based ride-hailing pioneer and one of the most closely-monitored Silicon Valley giants, Uber Technologies, late on Friday a Columbian court had ordered to suspend its ride-sharing operation in the Andean country

US Justice Dept. & FCC battling state attorneys to back Sprint, T-Mobile merger

23-12-2019
On Friday, the 20th of December 2019, US FTC alongside the US Justice Department had been in the court to back the $26 billion merger of T-Mobile and Sprint, the United States’ third- and fourth-largest wireless carrier respectively.

Britain approves Advent’s $5 billion Cobham purchase

23-12-2019
British Government had shown a go-ahead signal to US-based private equity firm Advent International’s $5 billion buyout bid for mid-capped FTSE 250-listed British manufacturing firm, Cobham Plc.

Viacom CBS to take 49 per cent stake in film studio Miramax for $375 million

22-12-2019
Viacom CBS Inc. has issued a statement saying that the NY-based mass media conglomerate is going to acquire a 49 per cent stake of Buffalo, NY-based film studio Miramax LLC. for a stark sum of $375 million

Carnival raises full-year profit forecast for 2020 as Caribbean demand cruises

22-12-2019
Carnival has raised its full-year profit forecast for 2020, beating an analyst’ estimate by a much-wider margin following reveal of a better-than-anticipated earnings’ report for the cruise operators fourth quarter that ended on November 30th

United Airlines pulls Boeing 737 Max off the schedule until early June

22-12-2019
United Airlines Holdings Inc., the Chicago-based leading US airliner, had issued a statement on Friday saying that the US aviation industry Goliath would extend its cancellation of Boeing Co.’s 737 MAX flights until June 4th

Blackberry beats estimate on licensing, cybersecurity push, shares snowball 10%

22-12-2019
BlackBerry Ltd. releases its earnings’ report for the third quarter of the year that ended on November 30th which had beaten Wall St. estimates by a considerable margin over a buoyed up demand of its patent licensing alongside cybersecurity businesses

Royal Dutch Shell writes down up to $2.3 billion as bleak economic outlook bites

22-12-2019
Royal Dutch Shell Plc. is going to write down assets worth of up to $2.3 billion over the fourth quarter of the year, joining a string of oil supermajors which were almost entirely forced to contract their operations amid a disappointing demand outlook

Tesla shares inch closer to Musk’s $420 per share take-private offer

21-12-2019
On Friday, the 20th of December 2019, shares’ prices of the Palo Alto, CA-based American multinational e-vehicle behemoth, Tesla Inc., had spiked to a record closing high following a three-day long streak of gains

Takeaway.com to taste victory in Just Eat Plc. takeover battle

21-12-2019
Just Eat Plc., the London-based British food online food order and delivery service, had agreed to a £5.5 billion all-stock acquisition bid from the Amsterdam-based Dutch online food ordering company, Takeaway.com

General Motor issues two recalls for more than 900,000 new vehicles

21-12-2019
Detroit-based No. 1 US automaker, General Motors Co. had made an announcement saying that the American multinational automaker was going to issue two recalls for more than 900,000 new vehicles

Amazon delivers near 3.5 billion packages through own network in 2019

21-12-2019
Amazon.com Inc. had issued a statement on Thursday saying it had delivered just a notch shy of 3.5 billion customer packages across the globe solely capitalizing on its own in-house delivery network.

Accenture quarterly earnings’ beats estimate as digital & cloud services ramp up

21-12-2019
On Thursday, Accenture revealed its quarterly earnings’ report which had beaten Wall Street estimates by a considerable margin, as a cascade of hawkish investments over its fast-growing digital and cloud services seemed to be paying off

German court bans Uber’s ride-hailing services in Germany

21-12-2019
Adding further strains on to the loss-making ride-sharing pioneer, San-Francisco, CA-based Uber Technologies, A German court had ruled to suspend the ride-sharing service provider’s operation in Germany

Nike Inc. quarterly results beat estimate, but North American sales disappoint

21-12-2019
On Thursday, the Oregon-based American multinational footwear manufacturing company, Nike Inc., had revealed its quarterly earnings’ report that had beaten Wall St.’s estimates by a considerable margin

Apple, Amazon, Google partner up to make smart home devices more compatible

20-12-2019
On Wednesday, Amazon, Google and Apple said in a joint statement that the tech conglomerates had been partnering up in a bid to set the stages of yielding a better compatibility among their smart home products

Daimler, BMW to exit North American car-sharing market

20-12-2019
Leading German automakers, Daimler AG alongside BMW AG said in a statement that the automakers were drawing out a plan to put an end to their North American car-sharing business

UK to impose tougher rules for Google, Facebook over online ads

20-12-2019
UK CMA (Competition and Markets Authority), seemed to be on a path to spare the world’s leading internet service providers, Google and Facebook from an in-detail probe over their growing hegemony in online advertising

Standard Chartered to exit three Southeast Asian Coal plants worth of $7 billion

20-12-2019
London-based lender Standard Chartered had pulled off the plugs for three coal-fired power plants in the Southeast Asia as a part of its broad-based push to drag down greenhouse gas emissions

Nvidia to win unconditional EU go-ahead signal for $6.8 billion Mellanox buy

20-12-2019
Santa Clara, CA-based US chipmaker Nvidia Corp. was set to receive an EU anti-trust approval for its $6.8 billion buyout deal for the CA-based computer networking device supplier Mellanox Technologies

Thyssenkrupp boards leaning towards elevators sales as funding dries up

20-12-2019
A majority stakeholder of Thyssenkrupp AG, the German multinational conglomerate focused on industrial engineering, had been leaning more towards a potential sell-off of its €15 billion (£12.89 billion) elevator wing

UK regulators order recall of Whirlpool washing machines over fire-risks

19-12-2019
On Tuesday, OPSS said that UK wing of the American multinational home appliances conglomerate, Whirlpool Corporation, must set out a sweeping recall and replacement program for half a million washing machines

Swiss Roche to complete $4.3 billion Spark deal as regulators give go-ahead signal

19-12-2019
On Tuesday, the US and British financial regulators had shown green-lights to a planned $4.3 billion takeover of the US-based gene therapy specialist Spark Therapeutics by the Swiss multinational pharmaceutical Roche