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Sat, 27 Apr 2019 11:14:39 GMT

Daimler's Q1 profits down on weaker sales

Pre-tax profits of Daimler declined significantly around €500M to a total of €2.8B in the first quarter of the fiscal year of 2019, the German carmaker reported.

Sat, 27 Apr 2019 10:15:22 GMT

Belarus to increase export duties over oil

Belarus is set to raise export duties over oil and oil products that will be exported outside the EAEU on May 1, the government stated.

Sat, 27 Apr 2019 10:14:55 GMT

France's unemployment rate at five-year low

A total of 3.391M people in France were registered as unemployed in the Q1 of this year, the lowest level since 2014, an official report showed.

Sat, 27 Apr 2019 08:57:25 GMT

China's Yili revenues increase 17.1% in Q1

Yili Group, the Chinese dairy giant, reported revenues of nearly $3.4B in the first quarter of this year, up 17.1% on a yearly basis.

Sat, 27 Apr 2019 08:56:47 GMT

Philippines' inflation decelerates to 3.8%

The inflation in the Philippines eased further to 3.8 in the first quarter of this year from 5.9% in the Q4 of 2018, mainly due to significant decline in food prices.

Sat, 27 Apr 2019 07:53:15 GMT

South Korean passenger car export up 2.7%

South Korea's passenger car exports increased in the first quarter over solid demand from Russia and North America, customs office data revealed.

Sat, 27 Apr 2019 07:52:58 GMT

Singapore's manufacturing production down 4.8%

Singapore's EDB announced that the country's manufacturing production decreased 4.8% year-over-year in March, compared to a revised 2.6% rise in February.

Sat, 27 Apr 2019 07:31:46 GMT

US opens probe into emissions certification of Ford

The US Justice Department opened a criminal probe into Ford Motor's emissions certification process in the US, the automaker stated, adding that it cooperated fully with the investigation.

Sat, 27 Apr 2019 07:30:21 GMT

Debenhams puts nearly 1.2K jobs at risk

Debenhams is set to close 22 stores in 2020, putting nearly 1.2K jobs at risk, under the plan to put the ailing UK retailer on a stable financial footing.

Sat, 27 Apr 2019 05:50:31 GMT

Musk reaches deal with SEC

According to a court filing, Tesla's Chief Executive Officer Elon Musk has agreed to new vetting rules for tweets in the US Securities and Exchange Commission deal.

Sat, 27 Apr 2019 05:50:21 GMT

Altmaier says EU countries want to deal with China as a group

Peter Altmaier, the German Economy Minister, said on Friday that major EU countries want to sign bilateral agreements with China as a group.

Sat, 27 Apr 2019 04:53:27 GMT

Proton secures $455M deal from China Construction Bank

Malaysia's carmaker Proton would get about $455.10 million in financing from China Construction Bank, the company announced on Friday.

Sat, 27 Apr 2019 04:53:19 GMT

Argentina's Peso declines

The Argentine Peso edged lower against the US Dollar on Friday, the currency pair ended the rollercoaster week with a record low.

Sat, 27 Apr 2019 04:10:01 GMT

Profits at China's industrial firms rise by 13.9%

According to the Chinese Zhu Hong of the Statistics Bureau, China's industrial profits grew by 13.9% in March.

Sat, 27 Apr 2019 04:09:50 GMT

Server system breakdown affects Air India flights

On Saturday, Air India announced that its server system has broken down and some its flights would be affected across the globe.

Fri, 26 Apr 2019 20:01:07 GMT

Uber scales back terms for IPO

According to a regulatory filing, released on Friday, Uber Technologies is seeking a valuation of its IPO to $91B, when it goes public on the New York Stock Exchange.

Fri, 26 Apr 2019 20:00:56 GMT

European shares edge higher

On Friday, European shares edged higher. The surge was attributed to data that showed, that the US GDP rose by 3.2% in the first quarter.

Fri, 26 Apr 2019 19:01:07 GMT

Conte says Huawei won't face discrimination

On Friday, the Italian Prime Minister Giuseppe Conte has assured Huawei Technologies that it won't face discrimination in Italy, as the company is preparing to rollout Italy's 5G network.

Fri, 26 Apr 2019 19:00:54 GMT

US Dollar decline on Friday

On Friday, the US Dollar declined against its peers, the dollar index, which measures the Buck against six major currencies, was at 0.33% lower.

Fri, 26 Apr 2019 17:53:22 GMT

Global equity markets edge higher

On Friday, global equity markets edged higher, as data showed that the US Gross Domestic Product increased at a 3.2% annualised rate.

Fri, 26 Apr 2019 17:53:10 GMT

US stocks decline on Friday

On Friday, Wall Street edged lower, as technology stocks were hit by Intel's first-quarter results, while investors and traders monitored data, that showed that the US GDP increased at 3.2%.

Fri, 26 Apr 2019 17:02:10 GMT

US auto sales expect to decline by 3.5% in April

LMC Automotive and JD Power said on Friday that the US vehicle sales are expected to decline by 3.5% in April.

Fri, 26 Apr 2019 17:02:03 GMT

Exxon Mobil reports 49% fall in Q1 profits

On Friday, Exxon Mobil Corp posted a 49% decline in the Q1 earnings. The decline was attributed to lower oil and gas prices.

Fri, 26 Apr 2019 16:07:52 GMT

US announces new sanctions on Venezuela's judge and foreign minister

On Friday, the US Treasury Department imposed sanctions on the Venezuelan Foreign Minister Jorge Arreaza and a Venezuela's judge Carol Padilla.

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