Business & Finance News
The owners of Paddy Power Betfair and Poker Stars have agreed to merge in an all-share deal that will create the world’s largest online betting and gambling company by revenue to take advantage of the opening up of U.S. markets.
Online fashion retailer ASOS Plc appointed four new independent non-executive directors from several major British companies on Wednesday as it looks to bounce back after a string of profit warnings.
Samsung Electronics Co Ltd said on Wednesday it suspended production at its mobile phone factory in China at the end of September.
Huawei Technologies Co Ltd’s newly launched Mate 30 devices have lost their access to manually install Google’s Android apps, Bloomberg reported on Tuesday.
Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories and offset weak economic readings in the United States that have depressed global stock markets.
Tesla Inc’s China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said.
Tesco , Britain’s biggest retailer, said on Wednesday its chief executive Dave Lewis will step down next summer and be succeeded by Ken Murphy, an executive at Walgreens Boots Alliance .
Global shares fell to one-month lows on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from the U.S.-China trade war is spreading to the U.S. economy.
Credit Suisse on Wednesday said it expects an estimated $250 million boost in annual profit from higher net interest income it expects to reap by calculating risk-weighted assets in dollars rather than Swiss francs.
Credit Suisse on Wednesday said it expects an estimated $250 million boost to profit from changes the Swiss bank is making to how it calculates risk-weighted assets and does hedging.
Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the United States that have depressed global stock markets.
UK’s Civil Aviation Authority said 44 flights are scheduled to fly on Wednesday to bring back 7,100 people back to the country, following the collapse of travel firm Thomas Cook.
Tech specialists Raghav Maliah and Jung Min have been appointed co-heads of Goldman Sachs’ mergers and acquisitions in Asia Pacific excluding Japan as former head John Kim moves to global private equity giant Carlyle Group.
Tech specialists Raghav Maliah and Jung Min have been appointed co-heads of Goldman Sachs’ dealmaking franchise in Asia Pacific excluding Japan as veteran John Kim retires, according to an internal memo.
Global shares fell to one-month lows on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from the U.S.-China trade war is spreading to the U.S. economy.
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