United Spirits, AstraZeneca, Office space in China and South Korean economy in Our News for 04/24/2014
United Spirits to finalize the sale of its scotch and whisky business. AstraZeneca with weaker Q1 results. China to experience office space oversupply by 2017. South Korea’s economy boosted by strong exports.
Ericsson posted Q1 profit of $260 million. Toyota remains world’s biggest car maker. WhatsApp reached 500 million active users.
Novartis in $14.5 billion deal with GSK. IMAX to further expand in China. AT&T to launch its new high-speed internet broadband service. Boeing confirmed large-scale deal with Shandong Airlines.
Asian stocks remain unchanged. IBM released its Q1 report showing its weakest revenue results since 2009. Guangdong reported a decline of 25.2% in imports and exports in Q1. Chinese social network Weibo will go public on Nasdaq today.
Credit Suisse posted 34% decline in net profit. Alibaba might go public in the US. ECB to boost zone growth with bond-purchasing programme. US stocks go up.
Nestle saw 4.2% sales increase in Q1. China’s gold consumption to grow even further. Zebra Technologies to buy Motorola Solutions’ enterprise arm. Diageo intends to increase its stake at United Spirit.
South Korea health insurer to sue tobacco companies. UK national earnings to start to recover. Short selling on blue chip companies continue to grow. Chinese household savings grow.
Galaxy S5 on sale from today. Sales of passenger cars in India dropped in March. China’s consumer price inflation remain below target. GM recalled vehicles might lead to a fatal accident.
India stock market pushed by US Fed minutes. Internet financing included for a first time in Chinese government work report for March. Deutsche Bank increase the fixed remuneration of its executives. Evonik released its financial results for 2013, showing better than forecasted results.
Olympus to pay $273 million over accounting fraud. Toyota recalls 6.58 million vehicles. Wal-Mart with online platform in India. Twitter in battle for users with Facebook.