Chinese technology giant Huawei Technologies announced that in 2018 it supplied more than 200 million smartphones — more than ever before — despite pressure from the United States and other countries, The Washington Post reports. Huawei, the world's second-largest smartphone maker, said its phone shipments grew by more than 30% over last year. The record deliveries are largely due to the high...

The famous FAANG stocks are gradually losing their former strength, while the first and third members of the group are taking the hardest blows. Facebook and Netflix have fallen by 34% and 36%, respectively, since they hit record highs this summer. Nevertheless, both giants of the high-tech sector still occupy a leading position in their respective industries. Facebook is still the leading...

The Chinese metallurgical conglomerate Hesteel Group will invest $ 4.4 billion in the Philippines to create a joint venture, reports The Paper. The second largest steelmaking company in China plans to set up a joint venture with Steel Asia Manufacturing Corporation, which combines iron, steel, steel rolling and deep processing. The construction of a plant in the city of Cagayan de Oro on the...

The current year has brought quite a few large primary placements, but the next one promises to be fruitful in this regard. Now investors are most interested in what companies have the best chances to become the favorites of the market. Among the most anticipated are IPOs of Uber Technologies Inc. and Lyft Inc. The rival companies engaged in similar activities will compete to receive money from...

Anglo-Australian mining giant BHP Billiton Ltd announced completion of a $ 5.2 billion OTC repurchase of shares. On November 1, 2018, the company announced plans to return $ 10.4 billion to its shareholders via buy back and pay special dividends. As a result, the mining giant bought out about $ 265.8 million shares (8.3% of the share capital of BHP Group Limited) for $ 5.2 billion. The buyback...

French luxury goods manufacturer LVMH Moet Hennessy Louis Vuitton SE reached an agreement to acquire the operator of hotels Belmond Ltd for $ 2.6 billion ($ 3.2 billion including debt). According to a press release from LVMH, the company offered $ 25 per share to Belmont, which is 42% higher on Thursday close. It is expected that the transaction will be closed in the first half of 2019....

Despite vivid media headlines about strengthening the US economy, increasing demand for labor, tax cuts and growing incomes of American corporations, 2018 as a whole was a failure for the stock market. Many investors do not expect to see favorable changes in the near future. 2018 is nearing its end, so it's time to find out which companies showed the best results and which remained among the...

Tone of economic news makes it possible to predict state of stock markets more accurately than traditional volatility indices, found the International Monetary Fund study. At the same time, global news has a more significant and lasting effect on quotes than local ones. Researchers, who analyzed 4.5 million messages over 15 years, calculated that the impact of international news was four times...

The Chinese company has priced its own shares at the bottom of the pre-range. Tencent Music, the largest music streaming service in China, conducted pricing of its papers for an IPO, evaluating them at the lower end of the preliminary range. As a result, the price was $ 13 per one. The initial placement of the company will be held on the NYSE from December 12 to December 14. Tencent plans to...