Dollar Surges Amid Political Turbulence Abroad

Dollar Surges Amid Political Turbulence Abroad

The U.S. dollar jumped to around its highest level in a year-and-a-half on Monday, propelled by expectations for higher U.S. interest rates and an uncertain political landscape in Europe. The WSJ Dollar Index was up 0.4% in early morning trading, hovering around levels last seen in June 2017. Monday’s biggest gains came against the British […]

'Distinctly Uncomfortable:' UK Companies' Plans to Microchip Employees Face Fierce Pushback

'Distinctly Uncomfortable:' UK Companies' Plans to Microchip Employees Face Fierce Pushback

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Oil Jumps as OPEC Moves Closer to Cutting Output

Oil Jumps as OPEC Moves Closer to Cutting Output

ABU DHABI—Oil prices climbed out of the red Monday morning after weeks of losses that had wiped out all of crude’s gains for 2018, as OPEC and its allies signaled a willingness to again cut production amid surging global supply. Brent crude, the global oil benchmark, was trading up 1.3% at $71.08 a barrel on […]

Diageo sells non-core drinks portfolio to focus on premium spirits

Diageo sells non-core drinks portfolio to focus on premium spirits

Diageo is selling a portfolio of non-core brands, including Seagrams Canadian whisky and Goldschlager schnapps, to US-based Sazerac as the UK drinks giant shifts its focus on premium spirits. The deal — which is due to complete early next year — is worth $550m (£430m) and will net Diageo £340m, after tax and transaction costs. […]

SoftBank to Raise $21 Billion in Wireless IPO to Invest More

SoftBank to Raise $21 Billion in Wireless IPO to Invest More

SoftBank to Raise $21 Billion in Wireless IPO to Invest More  Bloomberg Japan’s SoftBank steps closer to transformation with $21 billion mobile IPO  Reuters SoftBank Targets $20 Billion IPO for Japanese Mobile Unit  Wall Street Journal listing – release.tdnet.info  release.tdnet.info Full coverage Source link

Asia markets mixed; oil prices closely watched after OPEC warns on output

Asia markets mixed; oil prices closely watched after OPEC warns on output

Asia markets traded mixed on Monday afternoon as investors remained wary about global risks that include a trade fight between the U.S. and China, growth outlook, as well as oil prices. Japan’s Nikkei 225 erased early losses of more than 0.7 percent to close fractionally higher at 22,269.88 while the Topix index slightly slipped to […]

Apptio to go private in $1.94 billion with Vista Equity Partners

Apptio to go private in $1.94 billion with Vista Equity Partners

(Reuters) – Software company Apptio Inc (APTI.O) said on Sunday it agreed to be bought by private equity firm Vista Equity Partners for $1.94 billion in cash, two years after going public. FILE PHOTO: Robert Smith, Founder, Chairman and CEO, Vista Equity Partners, speaks at the Milken Institute’s 21st Global Conference in Beverly Hills, California, […]

Alibaba's Singles' Day Hits Another Record: 3 Takeaways Beyond The Big Number

Alibaba's Singles' Day Hits Another Record: 3 Takeaways Beyond The Big Number

Chinese e-commerce giant Alibaba said Singles’ Day sales hit another record high. (Photo credit: STR/AFP/Getty Images)Getty The 2018 iteration of Singles’ Day, the shopping and entertainment extravaganza from Chinese e-commerce giant Alibaba , has ended, with the company notching another record sales day. But with this Singles’ Day—10 years after Alibaba first made 11/11 a shopping event to celebrate […]

Watertown's athenahealth to be bought by New York financial firms, report says

Watertown's athenahealth to be bought by New York financial firms, report says

Athenahealth, the Watertown health care software company, has agreed to a $5.5 billion buyout offer from a pair of New York financial firms, Veritas Capital and Elliott Management, according to a news report. The company has faced more than a year of uncertainty leading up to the decision. Athenahealth has been in the crosshairs of […]