Breaking News
Dec 12, 2022
  • Microsoft agreed to acquire a 4% stake in the London Stock Exchange Group and struck a 10-year partnership for its cloud computing services worth $2.8 billion.
    • Horizon Therapeutics agreed to be acquired by Amgen for $27.8 billion or $116.50 a share.
      • Coupa Software Inc agreed to be acquired by a private equity group Thoma Bravo for $8 billion or $81 a share and the deal is expected to close in the first-half of 2023.
      • Dec 10, 2022
        • Xi Jinping in Riyadh pushed Saudi Arabia and GCC countries for the settlement of crude oil purchase on Shanghai Petroleum and Natural Gas Exchange in a move to weaken the dominance of U.S. dollar.
          • China and Saudi Arabia pledged to expand cooperation in defense, security and agriculture after premier Xi Jinping's 4-day state visit to Riyadh and attending two conferences with Arab leaders.
            • China and Saudi Arabia pledge to expand cooperation in defense, security and agriculture after premier Xi Jinping's 4-day state visit to Riyadh and leading two conferences with Arab leaders.
            • Dec 9, 2022
              • The producer price index increased 0.3% in November from October and eased to 7.4% from a year ago on higher cost of services, the U.S. Bureau of Labor Statistics said.
                • Consumer price index in China eased to 1.6% in November from 2.1% in October and declined by 0.2% from the previous month, the National Bureau of Statistics said Friday.
                  • Brazil's inflation eased to an annual pace of 5.9% in November from 6.4% in October, the lowest since Feb 2021, after transportation and housing prices cooled, the statistical office said Friday.
                    • The S&P 500 index declined 3.4% and the Nasdaq Composite index plunged 4.0%, worst weekly losses since September.