News

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Sat, 06 Apr 2019 04:05:21 GMT

US considers economic penalty for smuggling of drugs from Mexico

The US President Donald Trump said on Friday that he was looking at an economic penalty for drugs, coming from Mexico.

Sat, 06 Apr 2019 02:53:05 GMT

Hundreds of thousands of Algerians demand radical change

Hundreds of thousands of demonstrators marched through the streets of Algeria on Friday, to demand sweeping change to the country's outdated and opaque political apparatus.

Sat, 06 Apr 2019 02:52:56 GMT

UK's Labour party asks PM May to change her Brexit deal

On Friday, the UK opposition Labour Party urged Prime Minister Theresa May to change her EU withdrawal agreement.

Sat, 06 Apr 2019 02:15:42 GMT

May asks EU to delay Brexit for two months

The UK Prime Minister Theresa May wrote to the European Union on Friday, asking the EU leaders to delay Brexit until June 30.

Sat, 06 Apr 2019 02:13:46 GMT

Saudi Arabia threatens to stop using US Dollar for oil trades

According to sources with knowledge of the matter, Saudi Arabia has threatened to stop using the US Dollar to sell its crude oil, if the United States passes a law, exposing OPEC members.

Fri, 05 Apr 2019 20:00:51 GMT

Apple Music overtakes Spotify in US subscriber count

Apple's streaming music service has overtook its rival Spotify Technology in terms of the US paid subscribers, Reuters reported, gaining 28M users by the February's end, compared with Spotify's 26M paid subscribers.

Fri, 05 Apr 2019 19:55:29 GMT

KKR plans SoftwareONE's IPO

The financial investor KKR plans to launch an initial public offering for the Swiss software company SoftwareONE by hiring Rothschild investment bank, seeking for the group's listing to take place this year.

Fri, 05 Apr 2019 19:30:20 GMT

Boeing sees possible slowdown in production

Boeing and its suppliers are reviewing possible scenarios for the company's future, which includes a slowdown in the planemaker's output of the 737 MAX aircraft, in case the jet model's grounding lasts for months.

Fri, 05 Apr 2019 19:26:48 GMT

US, China to continue trade talks next week

Trade negotiators of the United States and China are set to continue talks next week via video conference, seeking to find a solution to the trade dispute that lasts about nine months, Larry Kudlow, the White House adviser stated on Friday.

Fri, 05 Apr 2019 18:29:56 GMT

Lyft's shares soar on Citron advice

Shares in the ride-hailing firm Lyft surged as much as 4% on Friday, after Citron Research advised its investors against shorting the stock, following the company's IPO debut last week.

Fri, 05 Apr 2019 18:18:41 GMT

Deutsche Bank ready to revamp US operations

Deutsche Bank announced on Friday it was ready to restructure its investment operations in the United States as Commerzbank's executives called for clarity during their merger talks.

Fri, 05 Apr 2019 16:52:39 GMT

Climate change activists file lawsuit against Shell

On Friday, human rights and environmentalist groups announced they had filed a legal lawsuit against the Netherlands' Royal Dutch Shell, seeking the energy company to trim its fossil fuels reliance.

Fri, 05 Apr 2019 16:52:31 GMT

Norsk Hydro's output almost normal after cyber-attack

Production at Norsk Hydro, the Norwegian aluminium maker, has got back to almost normal, following a cyber-attack that took place last month, the group announced on Friday.

Fri, 05 Apr 2019 16:12:25 GMT

Ferrovie to unveil Alitalia plan until April 30

A deadline for the Italian largest railway firm Ferrovie dello Stato to release its rescue plan for the struggling airline Alitalia will be extended to April 30, as the group is still in negotiations with Delta Air Lines about the carrier's future.

Fri, 05 Apr 2019 16:02:32 GMT

Non-farm payrolls surge in March

According to the US Bureau of Labor Statistics, the non-farm payrolls rose by 196K in March from the previous upwardly revised 33K reading, topping analysts' expectations for a 172K increase.

Fri, 05 Apr 2019 15:28:46 GMT

Singapore to participate in FAA Boeing review panel

On Friday, Singapore's Civil Aviation Authority stated it would join the technical review panel regarding the Boeing 737 MAX aircraft conducted by the US Federal Aviation Administration.

Fri, 05 Apr 2019 15:18:52 GMT

SocGen seeks key role in EU banking M&A

Societe Generale is seeking to play the main role in the EU banking consolidation process, which might happen in case conditions appear to be wrong at the moment, its chairman stated on Friday.

Fri, 05 Apr 2019 14:18:21 GMT

British house price growth slides in Q1

The UK annual house price growth has cooled in early 2019, rising by 2.6%, compared with the previous reading of the same period last year.

Fri, 05 Apr 2019 14:12:36 GMT

WTO to unveil ruling on "national security" dispute

The World Trade Organisation is set to issue the first-of-its-kind ruling on the "national security" dispute on Friday, according to various sources with the known with the matter.

Fri, 05 Apr 2019 12:38:58 GMT

Malaysia's PM sees firms buying Lynas

Malaysia's Prime Minister stated on Friday that other firms could move towards the acquisition of Australia's rare-earths processor Lynas Corp that threatened to lose an operating licence for the processing plant in the country.

Fri, 05 Apr 2019 12:35:44 GMT

May calls for Brexit extension until June-end

On Friday, Britain's Prime Minister Theresa May asked Brussels for the Brexit extension until June 30, while planning to leave the EU bloc earlier to avoid Britain's participation in the European elections.

Fri, 05 Apr 2019 11:37:50 GMT

Russia's Magnit makes $1.8B rival offer for Lenta

Magnit, the Russian grocery chain, made a $1.78B rival bid for Lenta, beating the competitor's offer made by Alexey Mordashov, the Russian steel magnate.

Fri, 05 Apr 2019 11:34:52 GMT

Cariplo to back Intesa's cross-border M&A

Italian bank Intesa's shareholder Fondazione Cariplo stated on Friday it would support any possible cross-border merger deal that could be proposed by the bank's CEO.

Fri, 05 Apr 2019 09:44:26 GMT

LG decreases profit forecasts

LG Electronics announced on Friday that the company is decreasing its profit forecasts. The company's stock price is expected to decline due to the announcement. Moreover, it reveals that there is a trend of decline in the company.

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