August 28, 2014 8:45 am
Kia Motors Corp. announced that it intends to build its first assembly factory in Mexico. Mr. Enrique Pena Nieto, the companys Mexican President, said in an official statement that Kia plans to invest more than $1-billion in the plant and will attract another $1.5 billion from its Mexican suppliers. Mr Pena Nieto said: “This company […]
Read moreAugust 28, 2014 7:45 am
Telefonica SA, the worlds sixth-largest mobile network provider, revealed its increased offer for Vivendis GVT. The Spanish carrier will offer €7.45 billion (~$9.8bn) for Vivendis Brazilian unit, an 11% increase from the previous offer, as it outbids Italys Telecom Italia. The board of Vivendi SA is to meet today in order to discuss the bid. […]
Read moreAugust 28, 2014 6:36 am
Qantas Airways Ltd, Australias largest carrier, reported a record loss of A$2.84bn (~$2.7bn) for the 12 months ended 30 June 2014, alongside a forecast of profit in the six months through December. “There is no doubt today’s numbers are confronting, but they represent the year that is past,” Alan Joyce, CEO, said. “We have now […]
Read moreAugust 28, 2014 6:22 am
Yesterday’s trade saw EUR/SEK within the range of 9.1778 – 9.1481. The pair closed at 9.1662, adding 0.06% on a daily basis. At 6:13 GMT today EUR/SEK was down 0.03% for the day to trade at 9.1658. The pair held in a daily range of 9.1632 – 9.1707. Fundamental view Eurozone business and consumer confidence […]
Read moreAugust 27, 2014 2:15 pm
The largest dairy exporter in the world – Fonterra Co-Operative Group Ltd revealed in an official statement today that it is to acquire a stake in a Chinese infant formula maker. The deal is estimated to NZ$615 million ($515 million) with a purchase price of 18 yuan ($2.93) per share, equaling about a 20% premium […]
Read moreAugust 27, 2014 11:59 am
Balfour Beatty Plc, which is currently the largest building company in the U.K., increased the valuation of its public-private partnership projects by 46% to £1.05 billion ($1.7 billion). The head of the infrastructure investments unit of Balfour Beatty – Mr. Ian Rylatt said in the companys statement, which was cited by Bloomberg: “The revaluation ensures […]
Read moreAugust 27, 2014 10:04 am
Volvo Car Group is to launch its first model since being acquired by the Chinese company Geely Automobile Holdings Ltd from Ford Motor Co. in 2010. At a special event today, the company presented its second-generation XC90 sport-utility car, which will be in showrooms in April, with a limited early series of 1 927 units […]
Read moreAugust 27, 2014 9:05 am
Royal Bank of Scotland Group Plc was fined £14.47 million ($24 million) by the markets regulator in the U.K. after being charged of giving its customers poor advice on mortgages. The British markets regulator made an official statement today, saying that Royal Bank of Scotland Group Plc was accused in what it called “serious failings […]
Read moreAugust 27, 2014 7:33 am
Google Inc. is to acquire the cloud-based visual-effects software company Zync Inc., the Mountain View, California-based company said, as cloud computing competition with Amazon.com intensifies. The terms of the deal were not revealed. “Creating amazing special effects requires a skilled team of visual artists and designers, backed by a highly powerful infrastructure to render scenes,” […]
Read moreAugust 26, 2014 1:35 pm
Facebook Inc. shared in a press release on Monday that it will crack down on the “clickbaits” on its News Feed. As “clickbaits” the social network will deem articles shared by people to attract clicks but which contain little other information. As reported by the Wall Street Journal, Facebook Inc. said in its press release […]
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