News

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Thu, 28 Mar 2019 10:51:36 GMT

Theresa May's offer fails

On Thursday, the Parliament of the United Kingdom voted once more against the offered Brexit solutions. It occurred despite Theresa May's announcement that she would quit, if a deal is approved. The event did not surprise the financial markets, as the GBP/USD declined only slightly.

Thu, 28 Mar 2019 10:51:31 GMT

Rusal hires US auditors

The giant Russian aluminum producer Rusal has hired a US firm to conduct an audit of the company's operations. The company wants to prove complying with the agreement that had Washington lift the sanctions on Rusal.

Thu, 28 Mar 2019 10:37:04 GMT

VW considers to acquire Ford's unit stake

Volkswagen has entered talks over a stake acquisition in Ford Motors' Argo unit, after it had signed a deal with its US rival to develop a new pick-up truck.

Thu, 28 Mar 2019 10:21:33 GMT

Asiana Airlines head quits amid accounting fiasco

On Thursday, Asiana Airlines' co-Chief Executive Officer Park Sam-koo stepped down on Thursday, following the South Korean carrier's accounting fiasco that had threatened the company's liquidity position.

Thu, 28 Mar 2019 09:25:06 GMT

Swedbank investors against CEO's liability freedom

Two Swedbank largest investors have made their separate statements on Thursday, claiming they would vote against the CEO Birgitte Bonnesen's freedom from liability for the last year at the bank's annual general meeting.

Thu, 28 Mar 2019 09:17:03 GMT

Daimler, Geely to develop Smart EV brand

On Thursday, Daimler announced it was set to launch the development of its Smart electric vehicles next generation in China in cooperation with the German carmaker's rival Geely, deepening the alliance between two companies.

Thu, 28 Mar 2019 08:33:38 GMT

PG&E creditors present $35B exit plan

PG&E's creditors, including Pimco and Elliott Management, have proposed a $35B plan that could help the California power utility avoid bankruptcy within 12 months, according to Bloomberg.

Thu, 28 Mar 2019 08:30:44 GMT

VW has no plans for FCA tie-up

On Thursday, Volkswagen's CEO Herbert Diess said to the Il Sole 24 Ore newspaper his company was not interested in any cooperation with Fiat Chrysler, adding the German automaker's efforts were currently focused internally.

Thu, 28 Mar 2019 07:39:06 GMT

Alitalia urges to accelerate rescue plan

Alitalia called on the Italian railways Ferrovie dello Stato on Thursday to speed up the rescue plan for the struggling carrier that must be presented in the end of the month, as ruled by Rome.

Thu, 28 Mar 2019 07:35:20 GMT

Saudi Aramco to take over SABIC for $69B

Saudi Aramco, the world's biggest oil producer, agreed to acquire a 70% stake in SABIC from the Saudi wealth fund in one of the largest deals in the chemical industry worth $69.1B.

Thu, 28 Mar 2019 06:29:43 GMT

Hino, Honda to join SoftBank, Toyota's venture

Japan's truck maker Hino Motors and Honda Motor are set to enter a JV of Toyota Motor and SoftBank Group, which aimed to develop services of self-driving car, the venture stated.

Thu, 28 Mar 2019 06:25:51 GMT

Unilever to choose trusted publishers for online advertising

Unilever, one of the biggest advertisers, is set to pick a trusted publishers' network with which to spend significant part of the marketing budget, in a bid to improve its digital advertising effectiveness.

Thu, 28 Mar 2019 05:34:46 GMT

Lyft raises price target for IPO

Lyft increased the price range for the initial public offering, as investors looked past the company's mounting losses to its growing market share against the rival Uber Technologies.

Thu, 28 Mar 2019 05:25:48 GMT

PVH expects 2019 above estimates amid Tommy Hilfiger boost

Apparel maker PVH announced forecast for its full-year adjusted profit and sales above expectations of Wall Street, banking on stronger demand for Tommy Hilfiger branded apparels and accessories.

Thu, 28 Mar 2019 04:24:39 GMT

China to cut levels of real interest rate

China is set to cut levels of the real interest rate and diminish financing costs for firms, the country's Premier Li Keqiang stated on Thursday.

Thu, 28 Mar 2019 04:20:34 GMT

ZTE shares up 14%

Shares of ZTE grew as much as 14% on Thursday after the firm forecast a profit up to $178.18M in the first quarter profit, as it recovered from the US sanctions.

Thu, 28 Mar 2019 03:39:17 GMT

UK car production falls 15% in February

The UK car production slumped an annual 15.3% last month amid a fall in demand in European and Asian markets, an industry body stated, as it warned over the damage a no-deal Brexit would do.

Wed, 27 Mar 2019 20:54:08 GMT

British Pound edges higher, as PM May offers to resign

On Wednesday, the British Pound edged higher after Prime Minister Theresa May offered to resign if her Brexit deal is passed.

Wed, 27 Mar 2019 20:53:59 GMT

Boeing set to release software update for 737 MAX

Boeing Co announced on Wednesday that it had reprogrammed the anti-stall system software on its Boeing 737 MAX jet.

Wed, 27 Mar 2019 19:53:07 GMT

Boeing plans to introduce safety feature standard on 737 MAX

On Wednesday, Boeing Co said in a statement that it would make a new safety feature standard on its 737 Max aircraft.

Wed, 27 Mar 2019 19:52:57 GMT

Global equity markets decline on Wednesday

World equity markets edged lower on Wednesday, pressured by signs of global economic slowdown and a decline in US Treasury yields.

Wed, 27 Mar 2019 18:56:23 GMT

May to resign when Brexit deal is passed

On Wednesday, the UK Prime Minister Theresa May said that she would step down as the Prime Minister, once her Brexit deal with the EU is done.

Wed, 27 Mar 2019 18:56:13 GMT

Trumps calls on Russia to get out of Venezuela

On Wednesday, the US President Donald Trump called on Russia to get out of Venezuela, following reports, that Russian military planes have arrived in the country.

Wed, 27 Mar 2019 18:14:56 GMT

British parliament looks for alternative to May's Brexit deal

On Wednesday, the UK Parliament tried multiple choice to Prime Minister Theresa May's Brexit agreement with the European Union.

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