News

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Sat, 12 Jan 2019 08:18:27 GMT

China says tax cuts intented to support economy

The Chinese Premier Li Keqiang stated on Saturday planned tax cuts for businesses were intented to improve employment and achieve economic stability.

Sat, 12 Jan 2019 07:22:59 GMT

US refuses to grant more waivers on Iranian sanctions

The US Special Representative for Iran Brian Hook stated on Friday that the government would not grant any new waivers for Iranian oil.

Sat, 12 Jan 2019 07:18:36 GMT

UAE projects $70 per barrel this year

Suhail al-Mazrouei, the Energy Minister of the United Arab Emirates, stated on Saturday he projected oil price to fluctuate around $70 per barrels in 2019.

Sat, 12 Jan 2019 06:18:05 GMT

Nissan's Jose Munoz resigns

On Saturday, one of the senior Nissan Motor Co's executives Jose Munoz decided to resign amid being a "person of interest" in the Carlos Ghosn case.

Sat, 12 Jan 2019 06:13:38 GMT

Seriousness of German economic problems remains unclear

The European Central Bank Policymaker Ewald Nowotn stated on Friday that there is no clear understanding on how serious and lasting current problems in German economy are.

Sat, 12 Jan 2019 05:38:13 GMT

Gabbard to run for president in 2020

Representative of the US Democratic Party Tulsi Gabbard stated in an interview that he would participate in next presidential elections.

Fri, 11 Jan 2019 21:22:03 GMT

US government's partial shutdown may affect January job growth

The US government's partial shutdown could depress the January job growth by as much as 500K and raise the unemployment rate above 4.0%, unless Washington resolves the issue before next Friday.

Fri, 11 Jan 2019 21:15:21 GMT

Indonesia's Medco Energi makes $436M for Ophir

On Friday, Indonesia's gas and oil firm Medco Energi Internasional made an offer worth $436M in cash for the UK-listed Ophir, which holds assets in the south-east Asia.

Fri, 11 Jan 2019 20:31:44 GMT

Lottoland to raise its offer for Tipp24 up to $88M

Gambling company Lottoland is seeking to raise its offer to acquire Germany's lottery business Tipp24 up to $88M, potentially beating the price proposed by the company's owner Zeal Network.

Fri, 11 Jan 2019 20:28:56 GMT

Faroe Petroleum executives set to resign amid DNO's hostile takeover

The CEO, CFO and COO of Faroe Petroleum, Graham Stewart, Jonathan Cooper and Helge Hammer, are set to resign from their positions after hostile takeover by DNO, Faroe announced on Friday.

Fri, 11 Jan 2019 19:20:10 GMT

Germany's EWE to offer investors minority stake soon

Germany's regional utility EWE is set to offer a 26% minority stake to its investors next month, in a bid that could value the group at up to $7.2B.

Fri, 11 Jan 2019 19:16:11 GMT

France's Elior expects bids for Areas unit by January-end

Elior, the French catering group, is expecting bids for the company's catering division Areas by the end of this month, seeking to raise up to €2.0B from the potential deal.

Fri, 11 Jan 2019 18:37:07 GMT

More firms raise interest in Oslo Bors

Oslo Bors, the Norwegian exchange operator, stated on Friday it had received interest for the company from parties other that Euronext, which had offered to acquire the firm for $720M.

Fri, 11 Jan 2019 18:33:50 GMT

Icahn builds stake in casino operator Caesars Entertainment

Carl Icahn, the billionaire investor, is set to build a stake in Caesars Entertainment, the news that sent the shares of the casino operator up 11.6% on Friday, according to CNBC.

Fri, 11 Jan 2019 16:59:47 GMT

Greek consumer price growth weakens in 2018

Greece's consumer prices rose at a 0.6% pace in the year of 2018, almost twice as slow as in the prior year, according to the report by the ELSTAT.

Fri, 11 Jan 2019 16:56:15 GMT

US consumer prices reveal first fall in nine months

The US consumer price dropped for the first time in the nine-month period in December due to a plunge in prices of gasoline.

Fri, 11 Jan 2019 16:23:51 GMT

Ford to cut more than 1K jobs in Britain

The US carmaker Ford announced plans to cut 1.15K jobs in the UK with nearly 1K job losses at the company's Bridgend engine plant in Wales.

Fri, 11 Jan 2019 16:21:40 GMT

GM pickup trucks to fuel earnings this year

General Motors stated that its revamped lineup of pickup truck is likely to boost 2019 earnings, while Cadillac is likely to be its lead EV brand, sending shares more than 8% up.

Fri, 11 Jan 2019 15:02:34 GMT

Infosys lifts its annual revenue growth forecast to 8.5-9%

On Friday, India's IT services firm Infosys raised its annual revenue growth estimates to 8.5-9% in the constant currency, from its previously announced 6-8%.

Fri, 11 Jan 2019 14:57:15 GMT

Accenture's head resigns amid health reasons

Accenture's CEO Pierre Nanterme is set to step down from his position amid health reasons, the outsourcing and consulting firm announced on Friday, and will be replaced by David Rowland.

Fri, 11 Jan 2019 14:37:03 GMT

SEAS-NVE, Enel join final bids for Danish power grid

SEAS-NVE and Enel have lined up the final bids for the Danish power grid worth around $2.9B sold by the energy firm Orsted, sources reported.

Fri, 11 Jan 2019 14:28:52 GMT

Fox has no intention to bid for Disney's sports networks

On Friday, 21st Century Fox stated it had no plans to bid for the regional sports networks owned by Walt Disney, which it might sell to receive the US approval for Fox's TV and film assets purchase.

Fri, 11 Jan 2019 13:38:55 GMT

Slack plans to go public via direct listing

Slack Technologies is planning to pursue a direct listing in the Q2, which could potentially make it the second large technology company, WSJ reported on Friday.

Fri, 11 Jan 2019 13:34:49 GMT

AB InBev explores partial listing of Asian business

The world's biggest brewer Anheuser-Busch InBev is considering to launch an initial public offering of its Asian business in a move that would help the firm to ease the debt burden.

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