Chinese e-commerce giant Alibaba Group plans to ramp up investment in its online entertainment, content and travel platforms with the proceeds from a planned $13.4 billion Hong Kong listing.
Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla because of Brexit, Chief Executive Elon Musk said in remarks reported on Wednesday.
Vertex Pharmaceuticals Inc’s drugs for lung condition cystic fibrosis will now be available to patients across the UK after the company reached a pricing deal with Wales on Wednesday. The U.S. drugmaker has already reached similar agreements with the National Health Service in Northern Ireland, England and Scotland. More than 10,000 people in Britain have cystic fibrosis, a debilitating, life-shortening inherited condition, making it the country with the second highest number of such patients in the world, according to the company. …read more […]
UBS Group Chief Executive Sergio Ermotti on Wednesday said banking consolidation, especially in Europe, is unavoidable in coming years as institutions must achieve critical mass to remain competitive.
Grain trader Archer Daniels Midland Co ADM does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday. “With this level of acquisitions we have had, I don’t think you will see ADM being a very aggressive M&A investor over the next few years,” Ismael Roig, Europe, Middle East and Africa President Archer Daniels Midland Co told the Global Grain conference in Geneva. …read more […]
Today, we’ll introduce the concept of the P/E ratio for those who are learning about investing. We’ll apply a basic… …read more […]
U.S. stock index futures fell on Wednesday, a day after the S&P 500 and Nasdaq hit new record highs, as a lack of clarity on U.S.-China trade relations from President Donald Trump and escalating tensions in Hong Kong dampened risk appetite.
Onno van de Stolpe became the CEO of Galapagos NV (AMS:GLPG) in 1999. This report will, first, examine the CEO… …read more […]
Russia will reduce the share of the U.S. dollar in its National Wealth Fund and is considering investing in other foreign currencies including the Chinese yuan, Deputy Finance Minister Vladimir Kolychev said on Wednesday.
Takeaway.com Chief Executive Jitse Groen said on Wednesday he did not intend to increase a 4.3 billion pound ($5.5 billion) offer for Britain’s Just Eat , despite a higher unsolicited bid from larger rival Prosus .
While it may not be enough for some shareholders, we think it is good to see the Humana AB (publ) (STO:HUM) share… …read more […]
German Economy Minister Peter Altmaier said on Wednesday that U.S. electric vehicle pioneer Tesla’s announcement that it will build its first European factory near Berlin was a result of Germany being renowned as a carmaking hub.
Statistically speaking, long term investing is a profitable endeavour. But that doesn’t mean long term investors can… …read more […]
(Bloomberg) — Takeaway.com NV Chief Executive Officer Jitse Groen said it doesn’t make sense to overpay in its bid to gain control of U.K. rival Just Eat Plc.“I don’t want to be the idiot that runs into a ratio that doesn’t make any sense,” Groen said at the sidelines of the Morgan Stanley European Technology, Media & Telecom Conference in Barcelona on WednesdayTakeaway is currently battling Prosus NV, which officially filed its hostile offer for Just Eat on Monday. Just Eat investors have complained about both the 710 pence-per-share cash offer from Prosus and Takeaway’s all-stock offer, currently valued at …read more […]
(Bloomberg) — DoorDash Inc.’s $2 billion war chest is getting even bigger. The food delivery startup, backed by the likes of SoftBank Group Corp. and Sequoia Capital, is receiving a new cash infusion of $100 million, according to a person familiar with the matter. The investment comes on top of a $600 million funding round the company announced in May led by Darsana Capital Partners. The additional $100 million comes from accounts advised by T. Rowe Price Group Inc., a first-time DoorDash investor, and is part of the same funding round, said the person, who asked not to be identified …read more […]
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