Russia’s Gazprom raises $1.06 billion in loans from Mitsubishi UFJ, Citi: Ifax
Russian state gas producer Gazprom has raised two loans worth 925 million euros ($1.06 billion) from Mitsubishi UFJ Financial Group and Citibank, the Interfax news agency reported on Thursday citing company data.
Asia stocks climb to four-month high as Fed turns more cautious; dollar sags
Asia stocks rose to a four-month high on Thursday after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth.
GM halts operations at 11 Michigan plants after utility’s urgent appeal
General Motors Co said late on Wednesday it will temporarily suspend operations at 11 Michigan plants and its Warren Tech Center after a utility made an emergency appeal to users to conserve natural gas during extreme winter cold.
South Korea’s Netmarble to form consortium for Nexon holding company bid
South Korean gaming firm Netmarble said it will form a consortium to bid for a controlling stake in Nexon’s holding company, the latest to show interest in a deal that could be worth about $9 billion after Kakao.
GM halts operations at 11 Michigan plants after utility’s appeal
General Motors Co said late Wednesday it will suspend operations at 11 Michigan plants and its Warren Tech Center, after a utility made an emergency appeal to users to conserve natural gas during extreme winter cold.
Facebook keeps attracting digital ads, shares jump after hours
Facebook Inc reported better-than-expected profit on Wednesday, showing that digital advertisers were still flocking to spend money on the service in order to reach customers even after a series of high profile embarrassments for the world’s largest on…
Asia stocks scale four-month peak as Fed turns more cautious; dollar sags
Asia stocks rose to a four-month high on Thursday after the Federal Reserve pledged to be patient with further interest rate hikes, signaling a potential end to its tightening cycle amid signs of slowing global growth.
Samsung Electronics forecasts weaker 2019 earnings as chip sales slow
Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips.
Alibaba stock rallies on handsome profit beat, optimistic commentary
E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and U.S. tariff effects, sending its shares up 6 percent.
United Natural Foods sues Goldman Sachs, Bank of America over acquisition advice
Grocery distributing company United Natural Foods Inc filed a lawsuit on Tuesday against Goldman Sachs Group Inc and Bank of America Merrill Lynch claiming the investment banks put their financial interests ahead of the company’s when they advised it o…
