News

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Sat, 23 Mar 2019 08:19:17 GMT

Australia to issue additional funds to financial regulators

The Treasurer of Australia Josh Frydenberg stated on Saturday that the government would provide additional $390M to state regulators in order to improve supervision of the country's financial sector.

Sat, 23 Mar 2019 08:15:41 GMT

RBS considers winding down $1.3B

According to the Guardian newspaper, the British Royal Bank of Scotland has set the goal of winding down the $1.3B loan portfolio by the end of this year.

Sat, 23 Mar 2019 07:13:34 GMT

China to fasten financial sector opening

The Vice Chairman of the China Securities Regulatory Commission Fang Xinghai stated on Saturday that China could fasten opening of its financial sector if the US was not satisfied with the current pace.

Sat, 23 Mar 2019 07:10:02 GMT

Apple calls China to continue opening up

The Apple CEO Tim Cook stated on Saturday that China should continue opening up itself, thus strengthening cooperation with the US and other countries.

Sat, 23 Mar 2019 05:52:33 GMT

US airlines to review software upgrade for Boeing 737 MAX

According to officials from the airlines, three US airlines are sending delegations to review Boeing 737 MAX upgrade this weekend.

Sat, 23 Mar 2019 05:51:02 GMT

US imposes new sanctions on Venezuela bank

On Friday, the United States Imposed new sanctions against Bandes, the Venezuelan development bank, after the arrest of Juan Guaido's Chief of Staff.

Sat, 23 Mar 2019 05:04:41 GMT

Malaysia will finalise talks with China on railway project

Daim Zainuddin, the Malaysian representative for negotiations, said on Friday that the country would finalise discussions with China on a railway project in early April.

Sat, 23 Mar 2019 05:04:33 GMT

Inter-American Development Bank cancels China meeting

On Friday, the IADB has cancelled next week's meeting with China after the Chinese government refused to allow Juan Guaido, the Venezuelan opposition leader to attend.

Fri, 22 Mar 2019 21:51:10 GMT

Moore joins Fed board of governors

On Friday, the US President Donald Trump named a strident critic of Fed Chair Jerome Powell to the US Federal Reserve board of governors.

Fri, 22 Mar 2019 21:50:45 GMT

Apple to unveil new video streaming services

Apple Inc plans to announce a new streaming video and news subscription services on Monday at its headquarters in California.

Fri, 22 Mar 2019 21:01:35 GMT

US companies borrowing for equipment declines in February

According to Washington-based ELFA, US companies that signed up in new leases, loans and lines of credit fell by 24% in February.

Fri, 22 Mar 2019 21:01:26 GMT

Trump's administration warns Maduro over detention of Americans

On Friday, the White House cautioned the Venezuelan government over the detention of Citgo Petroleum workers and other Americans.

Fri, 22 Mar 2019 20:02:35 GMT

Mexico's Central Bank to work with Uber for mobile payment system

Mexico's Central Bank Governor Alejandro Diaz de Leon said on Friday that the bank was looking to work with Uber Technologies Inc to develop mobile payments system.

Fri, 22 Mar 2019 20:02:26 GMT

US sanctions Venezuela's development bank Bandes

On Friday, the United States announced new sanctions against Venezuela's bank Bandes after the arrest of Juan Guaido's Chief of Staff.

Fri, 22 Mar 2019 19:01:48 GMT

American Airlines to make 737 MAX software fix test

American Airlines pilots are set to make a couple of test-drives of the 737 MAX jet software fix in the Boeing simulators during this weekend, in the planemaker's efforts to restore confidence in the aircraft following two fatal crashes.

Fri, 22 Mar 2019 18:35:43 GMT

Pinterest considers launching IPO in April

Pinterest, the US image-search engine, has accelerated its initial public offering timing, planning to debut on the NYSE in the middle of April, the Wall Street Journal reported.

Fri, 22 Mar 2019 18:16:22 GMT

BGG has no plans on raising UK RPC offer

Berry Global Group, the plastics maker, stated on Friday it had made a final decision on its $4.39B offer for the British packaging firm RPC Group, insisting it would not sweeten the proposed deal.

Fri, 22 Mar 2019 18:10:21 GMT

Uniper plans stake sale of Italian LNG plant

Germany's energy firm Uniper is set to sell a stake in its Italian LNG terminal to Australia's First State Investments in a deal valued at around $452M, it announced on Friday.

Fri, 22 Mar 2019 17:38:15 GMT

BlackRock to acquire France's eFront in $1.3B deal

On Friday, BlackRock, the world's largest asset manager, announced it would acquire France's eFront, the investment software provider, from the private equity group Bridgepoint in a cash-deal valued at $1.3B.

Fri, 22 Mar 2019 17:34:11 GMT

Nike shares slide on North America weak sales

On Friday, shares in Nike dropped 4% on a report the shoemaker's North American sales had fallen short of expectations for the year's first time, according to the Wall Street analysts.

Fri, 22 Mar 2019 16:08:19 GMT

GM to invest $300M to produce new Chevrolet EV

On Friday, General Motors confirmed it would make a $300M investment in its Detroit assembly factory, adding 400 new job positions to manufacture new Chevrolet-branded electric vehicle.

Fri, 22 Mar 2019 15:52:59 GMT

Tiffany Q4 sales below estimates

Tiffany reported on Friday its Q4 sales were below estimates due to low spending by China tourists during the holiday season, sending the luxury company's shares down about 5% to $95.30.

Fri, 22 Mar 2019 15:36:23 GMT

Commerzbank CEO pledges quick results in talks

On Friday, Commerzbank's CEO Martin Zielke promised its employees quick results in merger talks with Deutsche Bank, the memo that was seen by Reuters showed.

Fri, 22 Mar 2019 14:39:57 GMT

German lenders' tie-up might have wrong aim

On Friday, a major shareholder for Commerzbank and Deutsche Bank warned that the potential merger aim should not be establishing a big investment bank due to the fact it would not "work".

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