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Innovative new law opens Guernsey up to Artificial Intelligence

Ogier | Andrew Munro | July 18, 2019 The newly enacted Electronic Transactions (Electronic Agents) (Guernsey) Ordinance, 2019, which came into force on 1st March this year, signals a turning point in law for companies using Artificial Intelligence which itself represents an area of exponential growth and critical importance for future development in many areas

4 years ago

Global shares ease ahead of Fed test, dollar hits two-month high

Global shares eased on Monday and the dollar hit a two-month high against a basket of currencies as markets counted down to a likely cut in U.S. interest rates this week, with much riding on whether the Federal Reserve signals yet more are to come.



4 years ago

LSE's $27 billion Refinitiv takeover plan lifts its shares to record

London Stock Exchange shares rose more than 14% to a record high on Monday after it said it was in talks to buy financial data firm Refinitiv, in a deal worth $27 billion including debt.



4 years ago

Heineken's beer boost offset by higher aluminum costs

Heineken NV on Monday missed estimates for first-half profits, as higher packaging costs offset increased beer sales, but the world's second-largest brewer stuck with its full-year profit growth forecast.



4 years ago

Grab commits $2 billion to Indonesia with SoftBank's backing

Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital from Japan's SoftBank Group Corp, marking its biggest commitment in the region's most populous market.



4 years ago

Top EU court rejects BMW appeal against limit on car plant aid

The European Union's top court on Monday rejected an appeal by German carmaker BMW against a European Commission decision to limit the state aid it could receive for a car plant in eastern Germany.



4 years ago

Singapore's Scoot to convert six Airbus orders to larger A321neos, lease 10

Singapore Airlines Ltd's budget offshoot Scoot said on Monday it would convert six Airbus SE A320neo orders to the larger A321neo model and lease another 10 A321neos to help meet the airline's growth goals.



4 years ago

JP Morgan downgrades Starbucks after 90% rally: 'Upside from here is limited'

J.P. Morgan lowered its rating on shares of Starbucks to neutral from overweight on Monday.

4 years ago

Exact Sciences to buy Genomic Health for $2.8 billion

Cancer diagnostics company Exact Sciences Corp said on Monday it will buy healthcare company Genomic Health Inc for about $2.8 billion to bolster its cancer testing business.



4 years ago

Oil loses ground on pessimism over U.S.-China trade talks

Oil prices weakened on Monday amid pessimism over U.S.-China trade talks and the prospect of slower economic growth globally that could reduce demand for crude.



4 years ago

UPS downgraded by Stifel: Investments could limit earnings growth next year

Stifel downgraded UPS to hold from buy and maintained its $118 per share price target

4 years ago

Pfizer posts 30% rise in quarterly profit

Pfizer Inc on Monday reported a 30% rise in quarterly profit, helped by demand for its branded treatments such as Ibrance, Eliquis and Xeljanz.



4 years ago

Mylan to combine with Pfizer's off-patent medicines unit

Mylan NV confirmed on Monday that it would combine with Pfizer Inc's off-patent branded and generic established medicines business to form a global generic drugmaker.



4 years ago

Futures flat as Fed policy meeting looms

U.S. stock markets were set to open just off record highs on Monday, pausing at the start of a week set to be dominated by Wednesday's statement by the Federal Reserve and a round of tech company earnings that will again test the impact of trade concerns on global growth.



4 years ago
4 years ago