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German lender Commerzbank AG (CRZBY.PK) Monday announced that it has entered into a strategic partnership with GlobalTrade Corp. or GTC, a Canadian application services provider, to further digitize and automate its trade finance business. The bank plans to utilise GTC's @GlobalTrade platform to strengthen...

Provident Financial plc (PFG.L) released Monday a statement by Schroders regarding Non-Standard Finance plc or NSF's offer for Provident Financial. The Provident Board said it believes that the offer is significantly flawed and value destructive, and urgeD its shareholders to take no action in relation...

Ryanair Holdings plc (RYA.L, RYAAY) reported Monday that its fiscal 2019 profit before tax was 948.1 million euros, down from 1.61 billion euros last year. Profit for the year attributable to equity holders of parent fell to 885.0 million euros from 1.45 billion euros a year ago. Earnings per share were...

Google, a unit of Alphabet Inc. (GOOG, GOOGL), has suspended all business it has with Chinese tech giant Huawei Technologies Co. except for hardware and software dealings that are covered by open source licenses, as a result of trade blacklisting of Huawei in U.S., according to reports citing people...

T-Mobile US Inc. (TMUS) and Sprint Corp. (S) are planning to announce new commitments to the U.S. government including asset sales and rural-service guarantees to help secure regulatory approval for their $26.5 billion merger, according to Bloomberg reported citing people familiar with the matter. The...

British online food delivery company Deliveroo raised $575 million in a recent funding round, led by the e-commerce giant Amazon.com Inc. (AMZN). Deliveroo said that Amazon is leading a new $575 million Series G preferred shared funding round, alongside existing investors T. Rowe Price, Fidelity Management...

Toyota Motor Corp. (TYT.L, TM) criticized U.S. President Donald Trump for declaring auto imports a national security threat. Meanwhile, Trump announced a six-month delay in imposing steep tariffs on auto imports. Toyota said that Trump's proclamation sends a message to the company that its investments...

Sikorsky, a Lockheed Martin company (LMT), said Friday that it will build 12 production CH-53K King Stallion helicopters under a new $1.13 billion contract from the U.S. Navy. The advanced helicopters are part of the 200 program of record aircraft for the U.S. Marine Corps. As per the terms of the...

amazondeliveroo-051719.jpg Amazon Inc. is leading a new $575 million investment in British food delivery company Deliveroo, intensifying the e-commerce giant's competition with rival Uber and its Uber Eats service. Deliveroo noted that Amazon is set to be the largest investor in the Series G preferred shared funding round. With the latest funding round, Deliveroo has raised $1.53 billion.

Dr. Reddy's Laboratories Ltd. (DRREDDY, 500124, RDY) Friday said its fourth-quarter profit rose to $63 million or $0.38 per share from $44 million or $0.26 per share last year. Revenues for the quarter rose 14% to $581 million from $511 million last year. Commenting on the results, CEO and Co-chairman,...

JPMorgan Chase & Co. (JPM) Friday said it plans to acquire InstaMed, a U.S. healthcare technology company that specializes in healthcare payments. The acquisition will expand the bank's suite of payment services designed specifically for healthcare consumers, providers, and payers. "We've made...

Fresenius (FSNUF.PK, FSNPF.PK) expects full year 2019 income to be about the same level as last year's, with sales expected to increase between 3 and 6 percent. The company expects organic growth to average between 5 to 9 percent annually between 2020 and 2023 with organic sales estimated to average...

The U.S. Department of Energy or DOE said Friday that General Mills, Inc. (GIS) achieved the federal agency's "Better Plants Challenge" goal four years ahead of plan, with a total efficiency improvement of 20.4 percent since fiscal year 2012. In 2012, General Mills set a 10-year goal, from fiscal...

Brunswick Corp. (BC), a maker of recreation products, said Friday it has agreed to acquire Freedom Boat Club or FBC, the largest boat club operator in the U.S. Terms of the transaction, which is expected to close during the second quarter of 2019, were not disclosed. Mettawa, Illinois-based Brunswick...

While reporting financial results for the first quarter on Friday, Deere & Co. (DE) slashed its earnings and revenue growth guidance for the full-year 2019. The company said the lower forecast is partly a result of actions taken by it to prudently manage field inventories, which will cause production...

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