Sprint sells mobile advertising unit to InMobi
Sprint Corp has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, in an all-stock deal, the companies said on Wednesday.
Factbox: Potential candidates to become Danske Bank’s next CEO
Denmark’s largest lender Danske Bank is looking for a new chief executive in the wake of a money laundering scandal centered on $235 billion in transactions that passed through its Estonia branch.
Tesla secures Shanghai site for $2 billion China Gigafactory
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.
Weaker China demand, regulation spell tough quarter for Europe’s auto stocks: Goldman Sachs
Goldman Sachs analysts said slowing car demand in China and new fuel consumption regulations were hurting investors’ sentiment toward European autos stocks and warned this results season could be challenging, hitting shares in the sector on Wednesday.
Tesla secures Shanghai site for China Gigafactory
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.
Danske Bank ditches CEO candidate after regulator rejection
Danske Bank , reeling from a money laundering scandal, suffered another setback on Wednesday when the Danish financial regulator rejected its candidate for chief executive on the grounds that he lacked sufficient experience.
Iran calls U.S. efforts to cut its oil exports to zero ‘political bluff’
Statements by the United States that it would reduce Iran’s oil exports to zero are a “political bluff”, the head of state-run National Iranian Oil Company (NIOC) said, according to a report published by Tasnim news agency on Wednesday.
Hard Brexit could ground Ryanair planes for three weeks: CEO
A hard Brexit could ground Ryanair planes for up to three weeks but would be survivable for the Irish budget airline, CEO Michael O’Leary said ahead of a meeting of European Union leaders in Brussels on Wednesday.
SocGen CEO cancels attendance at Saudi Arabia investment conference
The chief executive of French bank Societe Generale has canceled his attendance at a Saudi Arabia investment conference, as leading business executives pull out amid widespread concern about the fate of a Saudi journalist.
World stocks extend rise after blockbuster U.S. earnings
Forecast-beating U.S. company earnings improved the mood on world equity markets on Wednesday, as Asian and European shares put aside concerns on global growth and trade and took their cue from Wall Street’s best one-day rise in eight months.
