News

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Fri, 17 Jan 2020 03:22:29 GMT

LOT, buyout groups to bid for Condor airline

Thomas Cook previously-owned airline Condor has raised interest from the Polish carrier LOT and the buyout groups Greybull and Apollo, which are planning to submit their final bids for the firm next week, according to Reuters.

Thu, 16 Jan 2020 20:47:04 GMT

Kia, Hyundai to invest $110M in EV startup

Korea's Hyundai Motor and Kia were backing the British EV startup Arrival, which plans to start selling delivery vehicles in 2021.

Thu, 16 Jan 2020 19:56:53 GMT

Canada adds 46.2K jobs in December

Canada added 46.2K positions in December, the sixth month of gains, supported by more hirings in education, health care and construction.

Thu, 16 Jan 2020 19:29:02 GMT

Tesla to open design and research center in China

The US electric vehicle maker Tesla announced plans to open a design and research center in China to make "Chinese-style" cars.

Thu, 16 Jan 2020 18:06:43 GMT

Nestle to shift to recycled packages

Food giant Nestle announced that it would invest nearly 2B Swiss francs to use more recycled plastics to package the company's products.

Thu, 16 Jan 2020 17:06:19 GMT

US retail sales grow steadily in December

The US retail sales grew for a third month in succession in December, with higher sales of goods, suggesting the economy's moderate expansion pace at the 2019 end.

Thu, 16 Jan 2020 15:47:22 GMT

RWE to cut almost third of workforce

RWE, the German power producer, is set to cut nearly 6K jobs by 2030 amid an agreed phase-out of coal as a sorce of energy.

Thu, 16 Jan 2020 14:44:38 GMT

PSA Group's 2019 sales drop 10%

France's PSA Group reported on Thursday its global sales for the last year plunged as much as 10% to 3.49M units, compared with the 2018 record of 3.88M cars, due to declining volumes in the Middle East, China and Africa.

Thu, 16 Jan 2020 14:33:10 GMT

Morgan Stanley quarterly revenue rises 28%

Morgan Stanley reported its quarterly revenue from trading and sales surged 28% to $3.19B, sending the financial holding firm's shares up around 2% before the bell on Thursday.

Thu, 16 Jan 2020 13:23:56 GMT

Mishustin approved as new Russia's PM

On Thursday, Russian lawmakers have approved Mikhail Mishustin as the country's new Prime Minister in the lower house vote, the next day after Russia's President Vladimir Putin appointed him for the position.

Thu, 16 Jan 2020 11:46:02 GMT

Renault-Nissan alliance's board set for meeting in January

On Thursday, Renault's chairman Jean-Dominique Senard stated that the Renault-Nissan alliance's operating board was set for a meeting by the January-end to make a decision regarding joint industrial initiatives.

Thu, 16 Jan 2020 10:41:28 GMT

China's ZTE seeks raising $1.7B from A-share sale

China's ZTE Corp is looking to raise $1.7B from a private sale of its A-shares, seeking to use the earnings for the research and development of 5G networks and working capital, the company said on Thursday.

Thu, 16 Jan 2020 09:56:45 GMT

Tesla to launch China design and research centre

Tesla, the US electric carmaker, is planning to open a new research and design centre in China to produce "Chinese-style" vehicles, according to the company's statement on its WeChat account.

Thu, 16 Jan 2020 09:04:00 GMT

Renault chairman sees 'no stress' in appoint new CEO

On Thursday, the chairman of Renault, Jean-Dominique Senard, stated there was "no stress" for the French carmaker to appoint a new CEO, adding that the company's interim arrangements were also working well.

Thu, 16 Jan 2020 08:33:12 GMT

Trump urges Boeing to resolve 737 MAX issues

The US President Donald Trump called on Boeing Co to hurry up at resolving issues regarding the grounded 737 MAX aircraft, adding the planemaker has a significant impact on the US economy.

Thu, 16 Jan 2020 07:37:42 GMT

GM moves over 1,3K hourly workers to full-time jobs

General Motors stated it was planning to move over 1,350 temporary employees at the carmaker's US assembly plants to full-time jobs in the Q1 of 2020.

Thu, 16 Jan 2020 06:16:27 GMT

Canada's home sales fall 0.9%

Canadian home sales decreased 0.9% in December compared with the prior month, ending a streak of monthly gains since last March.

Thu, 16 Jan 2020 04:42:16 GMT

Two managers Gazprom LNG trading leave

Two LNG managers at London office of Gazprom Marketing & Trading left the company, sources revealed on Wednesday.

Thu, 16 Jan 2020 04:40:14 GMT

Argentina inflation at 53.8% in 2019

Argentina's consumer prices increased 53.8% in 2019, the biggest rise in 28 years, indicating the main challenge for the President's new administration.

Wed, 15 Jan 2020 21:44:04 GMT

Brazil's retail sales weaker-than-expected

Brazil's retail sales grew less than anticipated in November amid fuel sales decline, suggesting weak recovery that could lead to another rate cut next month.

Wed, 15 Jan 2020 20:45:22 GMT

BlackRock's profit above estimates

BlackRock beat forecasts for quarterly profit amid strong flows into exchange-traded fund business boosting assets under management to $7.43 trillion.

Wed, 15 Jan 2020 19:42:38 GMT

US producer prices up as inflation still benign

The US producer prices grew in December as higher goods prices was offset weaker services prices, suggesting tame inflation pressures to allow the Fed to keep rates unchanged.

Wed, 15 Jan 2020 19:18:01 GMT

GM moves over 1.3K workers to full-time positions

General Motors stated that more than 1.3K hourly employees at the US assembly plants are expected to move into full-time roles in the Q1 of 2020.

Wed, 15 Jan 2020 17:52:52 GMT

Amazon makes order for electric vans from StreetScooter

Amazon.com has made an order from the Deutsche Post-owned unit, StreetScooter, for 40 electric vans for Germany's Munich deliveries on the back of the online retailer's plan to become carbon neutral until 2040.

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