Stocks
Fiat heirs Agnelli invest billions in Philips
The well-known Fiat Agnelli family is taking a significant step in the investment sector by making a billion-euro investment in Philips, one of the leading technology and healthcare companies. For a hefty sum of nearly three billion euros, the Agnelli holding …
DAX companies feel effects of weak economy
The economic slump in Germany is also leaving its mark on the balance sheets of the leading DAX companies. Although most corporations were able to increase sales and profits in the second quarter, growth slowed significantly and even remained below the rate of …
Allianz quarterly figures: Insurance group exceeds expectations
Insurance group Allianz reported a profit increase of almost 15 percent to 7.5 billion euros in the first half of the year, exceeding analysts' expectations. For the full year, the company confirmed its profit forecast of 14.2 billion euros, with a range of …
Internet giant Yahoo plans return to the stock market
The Internet company Yahoo plans to return to the stock exchange in order to regain its former importance. The company, which is one of the pioneers of the Internet, has lost much of its relevance in recent years. Yahoo's CEO, Jim Lanzone, announced to the …
Oil prices rise due to economic optimism
Oil prices are on the upswing again after falling steadily over the past three weeks for the first time since November. Brent oil futures rose 43 cents, or 0.6%, to $75.73 a barrel on Monday, while U.S. West Texas Intermediate (WTI) crude futures also rose 45 …
Shell and Equinor earnings exceed forecasts
Energy giants Shell and Equinor beat their first-quarter earnings expectations. Both companies used leverage from their trading divisions to offset lower oil and gas prices. The trend continues in the industry after Exxon Mobil, Chevron and BP also posted …
Silver Lake plans acquisition of Software AG
U.S. financial investor Silver Lake has submitted a takeover bid for Software AG. The offer amounts to €30 per share and represents a takeover volume of €2.2 billion. The takeover is considered friendly and is supported by the company's management. The …
Tesla lowers prices again in the USA
Tesla has again lowered the prices of some of its Model Y and Model 3 electric vehicles in the US. This is the sixth price reduction that the company has made this year. The price reduction affects the Model Y Long Range and Performance, whose price is reduced …
Warren Buffett Considers Additional Investment in Japanese Stocks
Warren Buffett, CEO of Berkshire Hathaway, plans to invest in Japanese stocks. According to the Nikkei report, he already holds a 7.4% stake in each of five Japanese trading houses, including Itochu Corp. This is another investment in Japan for the …
Alibaba plans to split into six companies
Chinese online retail giant Alibaba is planning a major change: the company will be split into six independent companies that may go public separately. The group itself will operate as a holding company in the future. The goal of the reform is to make the …