News

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Thu, 04 Jul 2019 12:35:27 GMT

France grants approval for Uniper's power assets sale

Uniper, the German energy group, clinched a deal over the sale of its French distribution and power generation businesses to EPH, the Central EU energy group, following an approval granted by the government of France.

Thu, 04 Jul 2019 11:14:18 GMT

Australia's Senate gives green light to $110B tax cut plan

On Thursday, the upper chamber of the Australian Parliament has supported a $110B tax cut plan over the upcoming decade.

Thu, 04 Jul 2019 10:17:47 GMT

BMW, Daimler to work on automated driving

Two German car producers, BMW and Daimler, stated on Thursday that their specialists would start jointly developing automated driving technology.

Thu, 04 Jul 2019 09:25:24 GMT

SPD to remain in Germany's ruling coalition

But Malu Dreyer, one of the heads of the German Social Democrats (SPD), stated on Thursday that the party would not leave the ruling coalition because of Ursula von der Leyen's appointment as the head of the European Commission.

Thu, 04 Jul 2019 08:34:18 GMT

Petrobras launches non-binding phase for its onshore oilfield sale

Petroleo Brasileiro, Brazil's state-run oil company, has launched a non-binding phase for its Polo Reconcavo onshore gas and oil cluster's sale in Bahia, the firm announced on Wednesday.

Thu, 04 Jul 2019 06:49:47 GMT

Facebook says media glitches are resolved

The social media giant Facebook confirmed that Wednesday's issues that appeared across its platforms, including Instagram and Whatsapp, preventing the users from sending or uploading media had been completely resolved.

Thu, 04 Jul 2019 06:35:45 GMT

Osram explores $3.8B takeover offer

On Wednesday, Germany's lighting group Osram announced its supervisory board is set for a meeting to consider a takeover bid worth $3.8B made by the private equity groups Bain and Carlyle.

Thu, 04 Jul 2019 05:03:41 GMT

Australian regulator sues Samsung over misleading ads

Australia's competition regulator stated that it is suing the local unit of Samsung Electronics Co, alleging that the company misled consumers by promoting Galaxy smartphones as water resistant.

Thu, 04 Jul 2019 04:36:49 GMT

Osram to consider takeover from Carlyle, Bain

Germany's lighting group Osram stated that the company' supervisory board is set to meet to review an offer of binding from private equity companies Carlyle and Bain to buy the company for $3.8B, sending shares up 11.5%.

Thu, 04 Jul 2019 02:37:17 GMT

Australian government to pass $110B tax cut plan

The Australian conservative government was set to secure the required support to pass $110B worth tax cuts in the next decade in a fillip to the economy, which is threatening to stall.

Wed, 03 Jul 2019 20:17:23 GMT

Canada to continue meat exports to China

The Agriculture Minister of Canada Marie-Claude Bibeau presented on Wednesday a plan designed to convince Chinese colleagues on the security of its meat export system.

Wed, 03 Jul 2019 19:39:00 GMT

Oil prices climb ahead of US Independence Day

Crude oil prices renewed the surge on Wednesday in anticipation of the US Independence Day, reaching $57.30 a barrel.

Wed, 03 Jul 2019 18:27:15 GMT

US, China to continue trade talks next week

Larry Kudlow, Donald Trump's Economic Adviser, stated on Wednesday that trade talks between two biggest economies, the US and China, would continue next week.

Wed, 03 Jul 2019 16:28:57 GMT

US factory orders decline for second month

New orders for the US-made goods decreased 0.7% for a second month in succession in May, affected by weakening demand for transportation equipment, the Commerce Department stated.

Wed, 03 Jul 2019 15:27:39 GMT

US trade deficit up 8.4%

The US trade deficit grew 8.4% to $55.5B, the the highest level in five months, in May, as goods' imports increased, likely as businesses restocked before higher tariffs on China's merchandise, eclipsing a broad increase in exports.

Wed, 03 Jul 2019 13:58:01 GMT

Deutsche Bank's reorganisation to cost about $5.6B

Deutsche Bank is expecting its major restructuring to cost about $5.6B, following the CEO Christian Sewing pledge of "tough cutbacks" to the company's shareholders after the lender failed to agree on the merger with its rival Commerzbank.

Wed, 03 Jul 2019 13:38:09 GMT

Deutsche Telekom to roll out 5G services in Germany

On Wednesday, Deutsche Telekom announced a limited launch of its 5G services in Germany, targeting the city's early adopters with high-speed mobile technology.

Wed, 03 Jul 2019 11:50:25 GMT

Walmart considers selling its Bonobos and Modcloth brands

Walmart has been in discussions with buyers over a potential sale of Bonobos and Modcloth, the company's unprofitable clothing brands, the online news agency Vox stated on Wednesday.

Wed, 03 Jul 2019 11:37:42 GMT

UK regulator aims at crypto derivatives retail ban

Britain's markets regulator is seeking to propose a ban on the crypto derivatives sale to retail customers aid potential the market abuses prevalence, it announced on Wednesday.

Wed, 03 Jul 2019 10:36:29 GMT

Police carry out search at Renault's HQ

Police have launched search at Renault's headquarters located in Boulogne-Billancourt, the carmaker announced on Wednesday, due to the ongoing inquiry into the former Renault boss Carlos Ghosn.

Wed, 03 Jul 2019 09:29:05 GMT

France's Lagarde becomes new ECB head

On Tuesday, the EU leaders agreed to appoint Christine Lagarde as the new ECB head, signing deal on filling the bloc's other key four jobs after a marathon summit, which triggered deep divisions.

Wed, 03 Jul 2019 08:34:59 GMT

Tesla sets record for quarterly car deliveries

Tesla has delivered a record number of 95,200 vehicles in the quarter, responding to a question about the demand for the carmaker's luxury electric cars and sending its shares up 7% on Tuesday.

Wed, 03 Jul 2019 07:26:32 GMT

Samsung Electronics's Q2 profit likely halved amid Huawei ban

Samsung Electronics's Q2 profit likely to be reduced by half after reporting preliminary earnings last Friday, as a plunge in the memory chip shipments to Huawei aggravated the price-squeezing supply glut.

Wed, 03 Jul 2019 06:12:50 GMT

Washington urges to treat Huawei as blacklisted

The US government's senior official stated on Wednesday that China's Huawei should be treated as a blacklisted company, a couple of days after the US President Donald Trump had sowed confusion with his pledge to ease the ban on sales.

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