International Companies
Tesla to raise prices after rowing back on store closures
In another sudden reversal, Tesla is increasing the price of most of its electric cars after deciding to scale back its store closure programme, which is therefore now expected to yield fewer savings.
Ryanair's UK shareholders could lose rights in no-deal Brexit
Ryanair's UK investors could lose their rights in the company in a no-deal Brexit scenario because of the bloc’s regulations requiring airlines with EU licences to be majority-owned by shareholders from the club.
China and Indonesia ground Boeing 737 Max 8 jets after Ethiopia crash
Boeing shares are plummeting by 12% in pre-market trading after China and Indonesia decided to ground their 737 Max 8 jets made by the American aerospace giant in the wake of a catastrophic Ethiopian Airlines crash at the weekend that killed all 157 people on board.
Barrick withdraws bid for Newmont, forms joint-venture instead
North American natural resources outfits Barrick Gold and Newmont Mining have agreed to form a joint-venture, combining their mining operations, assets, reserves and talent in the US state of Nevada.
Nvidia to buy Israel's Mellanox in $6.9bn deal
Nvidia has agreed to buy Israeli chipmaker Mellanox Technologies for $125 per share in cash, which represents a total enterprise value of around $6. 9bn.
Deutsche Bank and Commerzbank begin merger talks - reports
Shares in Commerzbank and Deutsche Bank have surged on speculation that Germany’s biggest banks are in merger talks.
Indian financial crime regulator launches probe into Philip Morris
Indian financial crime agency the Enforcement Directorate has launched an investigation into tobacco giant Philip Morris and its local partner Godfrey Phillips for alleged violation of the nation's laws.
Zuckerberg aims to merge Instagram, Whatsapp and Facebook messages
Facebook CEO Mark Zuckerberg announced his company would be integrating messaging apps as part of a new strategy, he claimed, where the company's platform would be focused on users’ privacy.
Govt prepares for Brexit defeat with plans for third 'meaningful vote'
Downing Street is preparing for a third meaningful vote in the House of Commons as it fears another big defeat for Theresa May's Brexit deal next Tuesday, as talks continue in Brussels with no signs of progress.
France targets 30 tech giants with new internet tax rules
France said on Wednesday it plans to introduce 3% tax on tech giants with revenues over €750m including French revenue of over €25m, such as Google, Apple, Amazon and Facebook.
Volvo may pull Tesla Model 3 rival off the market due to tariffs
Volvo’s Polestar electric car brand warned on Wednesday that US tariffs on Chinese vehicles could force its rival to Tesla's Model 3 too expensive to sell in the States.
Target beats the Street in best holiday quarter since 2005
Target turned in its strongest holiday trading period earnings in 13 years on Tuesday, boosted by sales at stores that had been open for at least a year.
Tobacco stocks rise after FDA boss Gottlieb quits
Shares in tobacco companies rose on Wednesday after America's chief drug and tobacco regulator unexpectedly resigned overnight.
Abercrombie & Fitch cheers market with upbeat end to the year
Shares in Abercrombie & Fitch took off on Wednesday as the US clothing retailer posted a stronger-than-expected end to the year.
Former Nissan boss Carlos Ghosn released from jail; bail set at 1bn yen
Carlos Ghosn, the former chairman of car giant Nissan, has been released on bail after nearly four months in jail in Japan.
Eight lenders sued in US for alleged European government bond price rigging
A group of investors filed a lawsuit in the US against eight lenders, accusing them of conspiring to rig the European government bond market between 2007 and 2012.
Forbes ranks Credit Bank of Moscow 1st among Russian lenders in World's Best Banks list
Forbes has included Credit Bank of Moscow as the top Russian lender in its first ever list of the World's Best banks.
BMW could halt Mini production at Cowley in case of 'no-deal' Brexit
BMW joined Toyota on Tuesday issuing a warning on the impact that a 'no-deal' Brexit might have on its UK operations, saying it might have to halt production of Minis at its plant in Cowley.
Raiffeisen, Dutch lenders caught up in allegations of laundering Russian money
Shares of various European lenders came under selling pressure following allegations that they may have been caught up in or actively participated in helping to launder illicit monies from Russian clients.
Vestager warns against weakening EU merger rules over Siemens-Alstom case
The European Union’s competition commissioner Margrethe Vestager warned on Monday against weakening merger rules, saying that it was false to argue that it was either necessary or ideal.