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Mon, 10 Jun 2019 08:26:06 GMT

China's Fosun approaches Thomas Cook over sale

Thomas Cook received a takeover offer for the carrier's tour operations from China's Fosun Tourism, its largest shareholder, sending shares of the struggling UK airline up 20% on Monday.

Mon, 10 Jun 2019 06:46:27 GMT

Iran considers EU failed to save 2015 nuclear deal

On Monday, Iran has criticised the European Union for failing to save the 2015 nuclear deal, after the President Donald Trump had withdrawn the US from the agreement last year, reimposing sanctions.

Mon, 10 Jun 2019 06:39:50 GMT

United Tech and Raytheon to combine aerospace businesses

On Sunday, United Technologies agreed to combine with Raytheon, the US contractor, to create $120 billion aerospace and defence giant.

Mon, 10 Jun 2019 04:43:34 GMT

Microsoft to release next-gen Xbox console in 2020

On Sunday, Microsoft Corp revealed its next-generation "Project Scarlett" Xbox console that will be available in stores starting the next year, while the company's game-streaming service called "Project xCloud" is set to go into preview this October.

Mon, 10 Jun 2019 04:31:53 GMT

Nissan views conflict of interest with Renault

Nissan Motor has seen conflict of interest in attempts made by Renault to place its director on the Japanese carmaker's governance reform committees, a Reuters source reported on Monday.

Mon, 10 Jun 2019 03:28:16 GMT

UK, South Korea to sign free trade deal

Britain and South Korea agreed in principle to ink a separate free trade deal before Britain's quit from the European Union in late October, the Trade Ministry of South Korea stated on Monday.

Sun, 09 Jun 2019 20:34:05 GMT

Iran, Turkey to improve ties

The Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdogan agreed to improve ties and use local currencies in transactions between the two countries.

Sun, 09 Jun 2019 19:28:31 GMT

G20 to close loopholes in digital taxation

A group of 20 finance ministers decided to establish common rules to close loopholes used by tech companies such as Google and Facebook to pay lower corporate taxes.

Sun, 09 Jun 2019 18:25:33 GMT

United Technologies close to merge with Raytheon

United Technologies Corp is close to a deal to merge its aerospace division with the US defence contractor Raytheon Co and establish a new business worth over $100B.

Sun, 09 Jun 2019 16:59:16 GMT

Trump confident Mexico to enforce immigration deal

Mexico will ensure enhanced security on its border to prevent Central American migrants attempts to reach the US, the US President Donald Trump says.

Sun, 09 Jun 2019 16:01:53 GMT

South Korea to support growth

South Korea is likely to introduce policy measures to support growth amid global trade tensions, the Senior Presidential Secretary Yoon Jong-won says.

Sun, 09 Jun 2019 15:00:58 GMT

ECB policymakers ready to cut rates

European Central Bank policymakers are ready to cut rates again in case the economic growth deteriorates in the second half of the current year.

Sun, 09 Jun 2019 13:58:25 GMT

China to provide liquidity to banks

China's central bank plans to use different policy tools to keep sufficient liquidity, including direct support of medium and small banks.

Sun, 09 Jun 2019 13:11:24 GMT

Iran asks Europe to improve economic ties

Europe is not in a position to criticize Iran for its military ambitions and should improve trade ties with the country despite US sanctions, the Iranian Foreign Minister says.

Sun, 09 Jun 2019 11:57:30 GMT

China: bank risks manageable

Risks at medium and small sized banks are controllable despite a takeover of a troubled lender Baoshang the previous month, a publication by China's banking regulator states.

Sun, 09 Jun 2019 11:32:42 GMT

Nazarbayev ally to win election

The interim president of Kazakhstan Kassym-Jomart Tokayev, a 66 year old former diplomat, is set to win Sunday's election triggered by Nursultan Nazarbayev's resignation.

Sun, 09 Jun 2019 10:20:09 GMT

UK Johnson to withhold $50B Brexit payment

A previously agreed $50B Brexit payment should be withheld until the EU offers better exit terms, the leading prime minister candidate Boris Johnson says.

Sun, 09 Jun 2019 08:49:31 GMT

G20 finance leaders comment on trade

On Sunday, at the G20 summit heads of finance acknowledged that geopolitical and trade tensions have increased. Although, almost none expressed the desire to solve the issues.

Sun, 09 Jun 2019 07:45:49 GMT

No changes at Mexico's southern border

On Saturday, Reuters reporters surveyed the southern border of Mexico and discovered that, despite the deal between the US and Mexico, nothing has changed at the border.

Sun, 09 Jun 2019 06:40:10 GMT

Chinese banking regulators comment on risk

On Sunday, the Chinese banking sector regulators announced that the risks that might affect small banks are manageable. The announcement comes after a recent bank bailout.

Sun, 09 Jun 2019 06:33:35 GMT

South Korea will stimulate economy

On Sunday, the top Economic Aid to the President of South Korea revealed that the government is preparing to issue policies that would stimulate growth.

Sun, 09 Jun 2019 04:41:24 GMT

Lagarde warns about Fintech

On Saturday, the head of the International Monetary Fund announced at the G20 summit that the world's tech giants could cause a disruption in the global financial world by dominating the Fintech sector.

Sun, 09 Jun 2019 02:43:13 GMT

Boris Johnson threatens EU

Boris Johnson on Sunday announced that he could stop a previously agreed upon 39 billion Pound payment to the EU in an effort to demand better Brexit terms.

Sun, 09 Jun 2019 02:38:58 GMT

Trump comments on Mexico deal

On Saturday, the US President Donald Trump announced that he is confident that Mexico would secure its southern border and deal with migrants from Central America.

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