News

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Wed, 08 May 2019 05:02:28 GMT

Uber drivers call for strike in UK and US

Some Uber drivers in the United Kingdom and the United States announced they would strike on Wednesday, as drivers and regulators around the world have criticised Uber's business tactics.

Wed, 08 May 2019 04:05:42 GMT

Nestle plans to launch new line of baby formula

Nestle, the world's largest packaged food producer, said that it would launch a new baby formula, focusing on smaller cities, often in China's western provinces.

Wed, 08 May 2019 04:04:46 GMT

New Zealand's Central Bank cuts rates

On Wednesday, the Central Bank of New Zealand, cut its interest rate for the first time since 2016, sending the New Zeeland Dollar to a six-month low.

Wed, 08 May 2019 02:31:03 GMT

Japan services PMI falls in April

Activity in the Japanese services sector grew at a slightly weaker pace in April than the prior month, as expansion in new business slowed, a business survey revealed on Wednesday.

Tue, 07 May 2019 20:31:06 GMT

Apple, SAP team up to support apps' development

Apple and SAP, the business software maker, announced their cooperation aimed to help clients to develop their own business applications using machine-learning technology of Apple.

Tue, 07 May 2019 20:29:31 GMT

Google launches programme to support start-ups

Alphabet's Google stated on Tuesday that it launched a four-month-long programme in Israel to help start-ups expand globally using its tools and experts.

Tue, 07 May 2019 19:34:12 GMT

Iraq nears signing $53B deal with PetroChina, Exxon

Iraq was close to signing a 30-year, $53B worth energy agreement with PetroChina and Exxon Mobil, the country's Prime Minister stated.

Tue, 07 May 2019 19:33:31 GMT

DSM raises profit forecast despite weak Asia's markets

Dutch speciality chemicals firm DSM raised 2019 profit outlook, as high food supplements' sales boosted earnings in the Q1, despite some weakness in Asian markets.

Tue, 07 May 2019 18:20:48 GMT

EZ economy to rebound in 2020

The Euro zone's economy is expected to rebound in 2020 from this year's slow-down, with unemployment falling further, though inflation remaining at 2019 levels and below the target.

Tue, 07 May 2019 18:20:37 GMT

BMW's profit drops 78% in Q1

The operating profit of BMW declined 78% to €589M, in spite of an increase in deliveries of luxury cars, as it felt the higher investment spending's effects and a €1.4B legal provision.

Tue, 07 May 2019 16:50:14 GMT

Niel, Cellnex agree over mobile tower deal

France's tycoon Xavier Niel agreed a deal to sell mobile towers to Cellnex in Italy, Switzerland and France, with the total worth of €2.7B, seeking to bolster the finances.

Tue, 07 May 2019 16:50:07 GMT

Porsche to pay €535M fine on diesel cheating

Germany's prosecutors imposed a €535M fine on Germany's carmaker Porsche, a Volkswagen's unit, for lapses in duties allowing the company to cheat tests over diesel emissions.

Tue, 07 May 2019 16:13:01 GMT

UK to take part in EP elections

Britain is expected to take part in elections of European Parliament on May 23, as the Brexit deal is unlikely to be ratified by the Parliament before then, an official stated.

Tue, 07 May 2019 16:12:06 GMT

Western European vehicle sales decline 1%

Western European vehicle sales dropped 1% in April, according to industry data, as the unresolved Brexit terms and wider economic uncertainties undermined demand.

Tue, 07 May 2019 15:34:09 GMT

Mylan revenue below forecasts, share 8% down

Mylan NV missed its revenue estimates for the Q1, affected by lower demand and manufacturing problems at the Morgantown plant, sending the company's shares down nearly 8%.

Tue, 07 May 2019 15:33:25 GMT

US job openings rise in March

The US job openings rebounded markedly in March, while the rate of hiring changed marginally, indicating an increasing worker shortage, which could slow employment growth in 2019.

Tue, 07 May 2019 14:22:12 GMT

GM's Cruise receives $1.15B new cash

On Tuesday, General Motors' majority-held self-driving division Cruise stated it had received a $1.15B in new equity from SoftBank Vision Fund, Honda Motor and T. Rowe Price, valuing the division at $19.0B.

Tue, 07 May 2019 14:11:20 GMT

Italy's Edizione lifts its Generali stake to 4%

The Italian Benetton family's holding company Edizione has raised its Assicurazioni Generali's stake to 4%, planning to increase it to 5% over time, the insurance group's Chairman Gabriele Galateri stated on Tuesday.

Tue, 07 May 2019 13:29:05 GMT

BorgWarner to buy 20% in Romeo Power

On Tuesday, BorgWarner stated it would acquire a 20% stake in Romeo Power Technology, the battery packs supplier, for an undisclosed price, as the US car parts maker seeks its EV products portfolio expansion.

Tue, 07 May 2019 12:59:16 GMT

Whataburger considers sale of stake

Whataburger, the privately-owned US fast-food chain, is considering various options, including a minority stake sale to a private equity firm or a financial investor, sources familiar with the situation reported.

Tue, 07 May 2019 11:12:56 GMT

Vodafone increases efforts against German government

Vodafone has increased its efforts to gain German regulatory approval for their Liberty Global deal. Vodafone is offering its competitors access to its broadband network. That way the monopoly risk should be reduced.

Tue, 07 May 2019 11:12:18 GMT

Chinese Vice Premier heads out to US

On Tuesday, the Chinese Vice Premier's office announced that Liu He is heading out to visit the US for trade talks. The announcement played down the recent market panic created by Donald Trump's tariff threats.

Tue, 07 May 2019 10:14:59 GMT

LTAP drops $1.7B bid for GrainCorp

Long-Term Asset Partners has quitted the $1.7B takeover offer for the Australian grain handler GrainCorp, following due diligence, sending shares down 11% on Tuesday.

Tue, 07 May 2019 10:14:45 GMT

Morocco to keep supplying Bombardier after sale

The Canadian planemaker Bombardier is set to sell its Moroccan component factory to a manufacturer, which plans to continue supplying Bombardier after the sale, the country's Industry Minister announced.

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