News

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Wed, 18 Apr 2018 19:24:55 GMT

BoC keeps interest rate at 1.25%, as expected

The Bank of Canada announced its decision to keep the key police rate unchanged at 1.25%, in line with expectations.

Wed, 18 Apr 2018 18:27:09 GMT

Iran bars government bodies from using Telegram

On Wednesday, Iran has banned the state officials from using the Telegram messaging app, following a statement from the Supreme Leader's office that cited national security protection as the main reason.

Wed, 18 Apr 2018 18:20:07 GMT

Diaz-Canel likely to replace Castro as Cuba's President

The Cuban Parliament officially proposed Miguel Diaz-Canel on Wednesday to replace Raul Castro as the island's leader; a move that would make him Cuba's first non-Castro President since the 1959 revolution.

Wed, 18 Apr 2018 17:31:04 GMT

JD.com, Tencent to invest $48M each in Leshi's TV unit

The technology companies JD.com, Tencent and TLC are planning to invest $48M each into China's smart-TV unit New Leshi Zhixin to boost the company's operations.

Wed, 18 Apr 2018 17:24:53 GMT

Merkel expects PSA Group to adhere to Opel takeover commitments

The Chancellor Angela Merkel stated that she expected PSA Group to adhere to its commitments made during the Opel takeover last year, adding that Germany's government must help the French carmaker.

Wed, 18 Apr 2018 15:53:21 GMT

Turkey extends state of emergency for three months

Turkey's Parliament approved the extension of state of emergency for another three months on Wednesday; the move that means the country will hold its Presidential and Parliamentary elections set for June 24 under the state of siege.

Wed, 18 Apr 2018 15:52:46 GMT

Electrify America to set new EV charging stations at Walmart stores

The Volkswagen unit Electrify America plans installing the charging stations for electric vehicles at over 100 Walmart stores in 34 US states by the middle of 2019, the companies announced on Wednesday.

Wed, 18 Apr 2018 15:15:41 GMT

US Senator Menendez to oppose Pompeo as State Secretary

The US Senator Robert Menendez stated on Wednesday that he would vote against the nomination of the CIA Director Mike Pompeo as the US Secretary of State set by the President Donald Trump.

Wed, 18 Apr 2018 14:58:36 GMT

Abbot's Q1 profit and sales top Wall Street estimates

On Wednesday, Abbott Laboratories posted the results for its Q1 profit and sales, beating analysts' expectations, but still disappointing some investors by maintaining its annual profit forecast.

Wed, 18 Apr 2018 14:26:53 GMT

Starwood launches bid for Immofinanz, CA Immo's minority stakes

The US property investment company Starwood Capital has launched an offer for the Austrian property firms' minority stakes, CA Immo and Immofinanz, seeking for exposure to the EU markets.

Wed, 18 Apr 2018 13:35:04 GMT

Oil firm Total to buy majority stake in France's Direct Energie

The oil company Total is planning to acquire a majority stake in Direct Energie, French electricity retailer, for $1.73B, the company announced on Wednesday.

Wed, 18 Apr 2018 13:30:59 GMT

Lagardere considers selling Elle to Czech Media

Lagardere is in talks to sell its French magazines to Czech Media Invest, including its popular "Elle" magazine, as well as Version Femina, France Dimanche, Art & Decoration and Ici Paris.

Wed, 18 Apr 2018 12:06:45 GMT

Russian Foreign Minister plans talks with UN Syria envoy

Russia's Foreign Minister Sergei Lavrov is set to hold a discussion with the United Nation's Syrian peace envoy this Friday, according to the RIA news outlet's report.

Wed, 18 Apr 2018 12:04:07 GMT

UK regulator launches seven inquiries into Russian RT news channel

British regulator launched seven inquiries into Russia's news channel RT over allegations it had broken impartially rules in its broadcasts since the Salisbury attack on the ex-Russian spy last month.

Wed, 18 Apr 2018 11:35:11 GMT

DirecTV asks Federal Court to drop it from antitrust lawsuit

On Tuesday, the AT&T subsidiary DirecTV asked the Federal Court to be dropped from the antitrust lawsuit, which the US government had filed to halt AT&T intentions to acquire the TV production firm Time Warner.

Wed, 18 Apr 2018 11:29:56 GMT

JD.com seeks to attract more EU luxury brands

China's e-commerce firm JD.com made a push on Wednesday to lure more EU luxury brands to the site, vowing it is able to offer better protection against forgeries and faster delivery than its rival Alibaba Group.

Wed, 18 Apr 2018 10:17:37 GMT

Germany prosecutes Porsche employees

The prosecutor's office of Germany is investigating former and current employees of Porsche. Among them is also a board member.

Wed, 18 Apr 2018 10:16:58 GMT

Japanese casino bill will reach Parliament next week

The ruling party of Japan announced that plans to create a large scale casino resort will be submitted to the Parliament of Japan next Friday.

Wed, 18 Apr 2018 09:33:56 GMT

Korean Air plans inspection of Boeing 737 fleet engines

Korean Air Lines is planning to inspect engines of the Boeing 737 entire fleet by November, the firm's official announced on Wednesday due to an engine issue that took place at the Southwest Airlines carrier.

Wed, 18 Apr 2018 09:28:26 GMT

Amazon introduces international shopping from US

Amazon.com launched a new international shopping feature that will allow its worldwide customers to shop over 45M items that could be shipped to any country from the United States.

Wed, 18 Apr 2018 08:29:55 GMT

IBM shares drop on Q1 profit margins results

Shares in IBM tumbled 6% on Tuesday due to the company's report on its first-quarter profit margins falling short of Wall Street forecasts.

Wed, 18 Apr 2018 08:28:00 GMT

Two Chevron executives arrested in Venezuela for wrongdoings

Venezuela arrested two Chevron executives in the Petropiar JV's office on Monday for the alleged graft and other wrongdoing in the oil sector, the company stated on Tuesday.

Wed, 18 Apr 2018 06:53:02 GMT

BlackRock to acquire investment manager Tennenbaum Capital

The world biggest asset manager BlackRock announced on Tuesday it would acquire the private credit investor Tennenbaum Capital Partners amid its expansion in the US investment market.

Wed, 18 Apr 2018 06:52:47 GMT

Toys 'R' Us rejects $890B bid for its stores

Toys 'R' Us, the bankrupt US retailer, rejected a bid worth $890M for its US stores and some of locations in Canada from the MGA Entertainment CEO, a source familiar with the issue reported.

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