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Fri, 20 Apr 2018 13:31:02 GMT

Daimler calls off nearly 25 K Mercedes-Benz vehicles in Russia

On Friday, the Russian standard agency stated the German automaker Daimler was recalling 24,763 Mercedes-Benz vehicle sold in the time period of 2014-2017.

Fri, 20 Apr 2018 12:01:47 GMT

GE posts better-than-expected Q1 adjusted profit

General Electric reported its Q1 profit more than tripled to $369M, compared to the prior year's $122M reading, sending the company's shares up 5% to $14.69 on Friday.

Fri, 20 Apr 2018 11:55:35 GMT

PSA Group urges for 3,7K staff cuts in Germany by 2020

PSA Group demanded 3,7K job cuts in Germany by 2020, after it had already removed around 2K job positions due to the buyout process, the Work Council Chief for Opel stated on Friday.

Fri, 20 Apr 2018 11:37:14 GMT

UK assured of Brexit talks, views no return to hard border with Ireland

On Friday, Britain has expressed its confidence in the Brexit negotiations, adding it did not expect a return to the hard border with Ireland after the country's withdrawal from the EU.

Fri, 20 Apr 2018 11:31:49 GMT

Schlumberger Q1 profit soars 88%

Schlumberger, the world's leader in oilfield services, reported on Friday its profit surged 88% to $525M in the first quarter amid rising prices on crude oil that encouraged North America's clients to increase spending.

Fri, 20 Apr 2018 10:35:30 GMT

UKGI names new director to manage RBS stake in Britain

The UK Government Investment has appointed Charles Donald on Friday as a new Royal Bank of Scotland's head to manage stakes in Britain.

Fri, 20 Apr 2018 10:23:53 GMT

IAG plans selling SE Asian units in $500M deals

Insurance Australia Group is planning to sell four Southeast Asia's businesses under its Asian operations review in deals that could be possibly valued at around $500M.

Fri, 20 Apr 2018 09:35:58 GMT

Alibaba acquires China's chipmaker to help IoT business

The e-commerce giant Alibaba Group bought China's microchip maker, seeking to further its cloud-based IoT business and help drive the local chip sector.

Fri, 20 Apr 2018 09:32:49 GMT

Bayer gets Russia's approval for Monsanto takeover

On Friday, Bayer announced it had received an official approval by the Russian antitrust regulator FAS for its scheduled Monsanto takeover deal worth $62.5B.

Fri, 20 Apr 2018 08:29:58 GMT

Ex-New York Mayor Giuliani joins Trump's legal team

Rudy Giuliani, the former New York Mayor, is set to join the personal legal team of Donald Trump, the US President's lawyer Jay Sekulow announced on Thursday.

Fri, 20 Apr 2018 08:25:43 GMT

Lockheed Martin to offer Japan new stealth fighter design

The US Defence Contractor Lockheed Martin seeks to propose a new stealthy jet hybrid to Japan, based on its advanced F-32 Lightning II and the export-banned F-22 Raptor aircraft, sources close to the matter reported.

Fri, 20 Apr 2018 07:32:08 GMT

Jana Partners discloses 9.1% stake in Pinnacle Foods

Jana Partners, the activist investor, has taken a 9.1% stake in the US firm Pinnacle Foods on Thursday, sending the food distributor's shares up almost 8% to %59.75 on the news.

Fri, 20 Apr 2018 07:27:09 GMT

Takeda's shares fall as investors worried on Shire deal

Shares of Japan's Takeda Pharmaceutical dropped about 5% on Friday amid investors' worries about the size of a deal the company would have to clinch to seal the Shire's purchase.

Fri, 20 Apr 2018 06:18:51 GMT

Oil remains strong on Friday

Oil prices edged slightly lower but were still located near three-year highs on Friday, as they were boosted by strong demand and OPEC supply cuts.

Fri, 20 Apr 2018 06:13:21 GMT

GM in talks with South Korean labour unit on Friday

The South Korean unit of General Motors is set to hold talks with its labour union on Friday in order to avoid bankruptcy threats.

Fri, 20 Apr 2018 02:54:43 GMT

Canada seeks progress on auto file at NAFTA negotiations

Canada's, Mexico and the US minister aiming to revamp the NAFTA deal made a progress in one of the most vital questions of autos, Canadian FM stated.

Fri, 20 Apr 2018 02:53:59 GMT

BoJ Kuroda sees protectionism as risk to recovery

Haruhiko Kuroda, the Bank of Japan Governor, stated that rising protectionism was emerging as higher risk to the country's economic recovery.

Fri, 20 Apr 2018 02:30:33 GMT

IMF, EU mull debt relief for Greece

The International Monetary Fund and the Euro zone were discussing options for Greek debt relief in the future, but were not talking about bailout extension, EZ officials stated.

Fri, 20 Apr 2018 02:29:47 GMT

Germany's expansion to slow in Q1

Germany's economic growth is expected to slow in the March quarter, though the upswing in the economy is likely to remain robust, the Finance Ministry stated.

Thu, 19 Apr 2018 20:03:14 GMT

Canada's airline profits to fall this year

Canadian airline profitability, which managed to reach the 20-year high in 2017, is likely to soften this year amid higher labour and fuel costs.

Thu, 19 Apr 2018 20:02:20 GMT

Austria to function as bridge between China-EU Silk Road

Austria announced the intention to act just as a bridge linking Europe and China, attracting investments and laying the ground for trade on the Silk Road.

Thu, 19 Apr 2018 19:30:16 GMT

BoE Carney weakens expectations for rate hike in May

Mark Carney, the Governor of the Bank of England, dampened expectations for an increase of interest rates in May, adding that there were other meetings this year.

Thu, 19 Apr 2018 19:29:32 GMT

Gabon to make $277M investment in fibre optic network

Gabon is set to invest $277M in the following three years to expand the company's fibre optic network to enhance digital connections.

Thu, 19 Apr 2018 18:23:01 GMT

Trudeau: Kinder Morgan pipeline to be build

On Thursday, Canadian Prime Minister Justin Trudeau claimed that a Kinder Morgan pipeline, which is opposed by British Columbia, would be built, adding that it will serve the interests of Canadians.

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