Check out which companies are making headlines before the bell: T-Mobile — T-Mobile is close to agreeing to tentative terms on a deal to merge with its telecom peer, Sprint, Reuters reported on Friday. Japan’s SoftBank, which controls Sprint, would reportedly own between 40 to 50 percent of the combined company. A deal is expected […]
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UK fintech start-up looks to raise $54 million investment for global expansion
U.K. fintech start-up Starling Bank – which operates solely on a mobile app – said it plans to raise £40 million ($54 million) from investors to drive expansion into markets beyond the U.K. The London-based challenger bank doesn’t have a single physical branch, and claims to be the first digital challenger of its kind to […]
Read moreThe White House is softening its stance on trade — if only temporarily — as it seeks to preserve Republican votes on tax reform, according to senior administration officials, congressional aides and outside advisors. A long-delayed investigation into Chinese steel dumping is on hold; the calls to withdraw from North American Free Trade Agreement (NAFTA) […]
Read moreT-Mobile US is close to agreeing to tentative terms on a deal to merge with peer Sprint, people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. Japan’s SoftBank, which controls Sprint, will own 40 to 50 percent of the combined company, two of […]
Read moreLondon stripped Uber on Friday of its licence to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. “Uber’s approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which […]
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Russia steps in to prevent 'domino effect' in its banking sector — but confidence concerns linger
Russia’s central bank has been forced to rescue two major lenders in less than a month, intensifying concerns among global investors that a systemic banking crisis could be in the offing. The Russian government’s latest rescue of a major bank was confirmed on Thursday, when the Central Bank of Russia (CBR) said it had nationalized […]
Read moreJPMorgan Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, labeling it a “novelty” that is likely to end badly. “Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down,” Dimon […]
Read moreEuro zone private businesses ended the third quarter with much stronger growth than predicted, bolstered by manufacturers, who had their best month since early 2011, a survey showed on Friday. That growth, alongside rising inflationary pressures, is likely to increase expectations the European Central Bank will announce plans next month to reduce its monthly spending […]
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'I am afraid': First far-right party set to enter German parliament in over half a century
Angela Merkel looks all but certain to take a fourth term in office as chancellor of Germany following an election on Sunday but many Germans are worried that a nationalist, ring-wing party could also gain a lot of votes. Only founded in 2013, the Alternative for Germany (AfD) party is currently polling in third place […]
Read moreLawmakers are formulating “meaningless” green vehicle regulations, according to Andy Palmer, CEO of British luxury car manufacturer Aston Martin. He said authorities were committing a fundamental misstep by stipulating what technologies should be adopted, referring to Britain’s July announcement that it would ban the sale of new petrol and diesel cars by 2040. The regulation […]
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