News

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Tue, 31 Jul 2018 04:51:28 GMT

Samsung Electronics profits slow down growth

The profits of Samsung Electronics have had the slowest growth during the last quarter in almost more than a year.

Tue, 31 Jul 2018 04:51:06 GMT

Huawei profits surge by 15 percent

Huawei Technologies on Tuesday announced that the company's first half revenue has increased by 15%, compared to the same period last year.

Tue, 31 Jul 2018 04:32:49 GMT

Zimbabwe opposition leader leads elections

The leader of the Zimbabwe opposition on Tuesday revealed that polls show that the opposition has done very well and will form the next government.

Tue, 31 Jul 2018 04:32:12 GMT

US detect activity in North Korean ICBM factory

On Tuesday early morning, US spy satellites detected activity at the North Korean facility that built the country's ICBMs.

Tue, 31 Jul 2018 02:55:29 GMT

China's factory expansion slows in July

Growth in the Chinese manufacturing sector slowed more than anticipated in July, as bad weather and the worsening trade conflict with the US weighed on factory activity.

Tue, 31 Jul 2018 02:50:23 GMT

Japan's jobless rate grows to 2.4 in June

The Japanese jobless rate rose to 2.4% from 2.2% in June, while the jobs' availability improved to the strongest in more than four decades, the report by the Internal Affairs Ministry revealed.

Mon, 30 Jul 2018 19:01:52 GMT

Senator Paul backs Trump Supreme Court pick

Republican Senator Rand Paul said on Monday that he will support President's Donald Trump Supreme Court nominee Brett Kavanaugh.

Mon, 30 Jul 2018 19:00:06 GMT

Zimbabwe election underway in first post-Mugabe poll

On Monday, Zimbabweans are voting in their first election since former President Robert Mugabe was removed from office.

Mon, 30 Jul 2018 18:06:17 GMT

WSJ: Tesla plans to build Gigafactory in Europe

On Monday, Wall Street Journey reported that Tesla Inc is in talks with authorities in Netherlands and Germany to build its first main European factory.

Mon, 30 Jul 2018 18:06:01 GMT

WSJ: AmEx raises exchange rates for business customers without warning

Wall Street Journal reported on Monday that American Express Co raised currency exchange rate for business clients without informing its customers to boost revenue.

Mon, 30 Jul 2018 17:05:11 GMT

Spain to invest $35 million as basic costs to manage migration

The Spanish government aims to invest 30 million euros as an emergency plan to manage the seaborne migration from North Africa.

Mon, 30 Jul 2018 17:00:11 GMT

US Dollar declines against Yen as investors awaits BoJ decision

The Japanese Yen edged higher against the US Dollar on Monday, as traders and investors awaited the Bank of Japan's policy decision after the conclusion of a two-day meeting.

Mon, 30 Jul 2018 16:19:19 GMT

Credit Suisse to move 50 jobs to Spain due to Brexit

On Monday, Credit Suisse claimed that it is planning to shift 50 jobs to Madrid from London as a part of its strategy to keep doing operations in the EU after the UK leaves the block in the next year.

Mon, 30 Jul 2018 16:14:42 GMT

Tesla considers opening major factory in Europe

On Monday, the Wall Street Journal reported that electric car maker Tesla Inc is in talks with Dutch and German authorities to open its first major factory in Europe.

Mon, 30 Jul 2018 15:36:37 GMT

Germany investigates VW's former CEO's financial transfers

German prosecutors claimed that they are investigating whether ex-CEO of VW Martin Winterkor moved a part of the assets out for Germany after an inquiry regarding his role in pollution test scandal.

Mon, 30 Jul 2018 15:29:17 GMT

Caterpillar raises full-year profit outlook

On Monday, construction machinery company Caterpillar Inc reported that it raised its 2018 profit predictions after earnings in the second quarter beat market expectations. 

Mon, 30 Jul 2018 14:38:03 GMT

T-Mobile US, Nokia agree on $3.5B deal

Nokia agreed to supply $3.5B to T-Mobile US in the next generation 5G network gear, both companies announced on Monday.

Mon, 30 Jul 2018 13:37:05 GMT

EU grants clearance to Total Produce acquisition deal with Dole

On Monday, the European Union regulator has cleared the Ireland fresh food producer Total Produce's purchase of a 45% staje in the US peer Dole.

Mon, 30 Jul 2018 12:33:45 GMT

Erwin Hymer Group attracts interest from private equity

The family-owned group Erwin Hymer attracted interest from the private equity Centerbridge and KPS as the firm explores the stock market flotation that could value Germany's mobile home maker at $3.51B.

Mon, 30 Jul 2018 12:13:03 GMT

US Foods to acquire SGA's Food Group in $1.8B deal

US Foods Holding, the food distribution firm, announced on Monday it was set to acquire SGA's Food Group of Cos in a cash-deal valued at $1.8B amid its intention to expand in the US north-western part.

Mon, 30 Jul 2018 11:38:53 GMT

Williams Cos, Kkr to form JV to acquire Discovery Midstream for $1.2B

On Monday, the private equity company KKR announced it would establish a joint venture with the gas and oil producer Williams Cos to acquire Discovery Midstream in a deal with TPG Growth worth $1.2B.

Mon, 30 Jul 2018 10:06:23 GMT

British citizens regret Brexit votes

A recent survey has revealed that two thirds of all British voters think that the government will make a bad deal with the EU.

Mon, 30 Jul 2018 10:04:33 GMT

Oil prices surge on Monday

Global crude oil prices increased on Monday. However, gains were being limited by supposed fears of a trade war.

Mon, 30 Jul 2018 09:38:15 GMT

India looks at single regulator to address e-commerce issues

India is thinking over a single regulator for all its e-commerce-related issues managed in the country, as it seeks to remove legal fragmentation that is currently governing this sector.

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