News

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Sat, 19 Jan 2019 03:35:46 GMT

ArcelorMittal to build plant in Brazil

ArcelorMitta, the world's biggest steelmaker, is set to build the company's first-ever desalination plant in Brazil to handle water needs at the unit in the eastern state of Espírito Santo,.

Sat, 19 Jan 2019 03:31:27 GMT

US consumer sentiment lowest in two years

The US consumer sentiment dropped in early January to the lowest level in two years, as a partial shutdown of the government and financial market volatility raised fears of a deceleration in the country's economic growth.

Fri, 18 Jan 2019 21:36:05 GMT

Goldman, BlackRock to transfer fund managers to US

Goldman Sachs Asset Management and BlackRock are considering to temporarily move some of its British fund managers to the United States, in case of no-deal Brexit, Reuters reported on Friday.

Fri, 18 Jan 2019 21:28:19 GMT

Schlumberger to halt Russia's EDC bid if no approvals met

On Friday, Schlumberger stated it would abandon its application of a stake purchase in the Russian Eurasia Drilling Company, if no approvals were met soon.

Fri, 18 Jan 2019 20:38:54 GMT

Siemens-Alstom rail merger deal faces veto

Alstom and Siemens' plan to establish Franco-German rail champion is likely to face a veto from the EU antitrust regulators, as it would hurt competition in the railway industry in Europe.

Fri, 18 Jan 2019 20:35:33 GMT

Amundi acquires rest of fintech Anatec

Amundi, the French asset manager, acquired the remaining 51% stake in the financial technology company Anatec, it announced on Friday.

Fri, 18 Jan 2019 19:30:20 GMT

UK regulator delays verdict on Asda-Sainsbury's deal

British regulator announced on Friday its verdict on the supermarket operator Sainsbury's takeover of Walmart's Asda would be postponed until April 30 from early March.

Fri, 18 Jan 2019 19:26:33 GMT

Bombardier pledges to solve Swiss train issues

Bombardier is on track to solve the problems with its double-decker passenger trains, after trains' buyer Swiss Federal Railways drawn criticism over their reliability, Bombardier's Swiss country chief assured on Friday.

Fri, 18 Jan 2019 17:52:54 GMT

China suggests to ramp up US imports

China offered to go on a six-year buying spree to ramp up the US imports, aiming to reconfigure the relation between the countries, sources familiar with the matter said.

Fri, 18 Jan 2019 17:52:16 GMT

Turkey's CB starts transfer $6.3B profit to shareholders

The Central Bank of Turkey stated that it began to transfer $6.30B worth dividends to shareholder, after it moved forward the Bank's annual general meeting by three months.

Fri, 18 Jan 2019 16:54:02 GMT

Philippines' average inflation settles at 5.2% last year

The full-year average rate of inflation in the Philippines settled at 5.2% in 2018, after the average inflation eased over the fourth quarter, the BSP stated.

Fri, 18 Jan 2019 16:54:00 GMT

EU open to discussing cars in US trade talks

The EU was willing to discuss car tariffs, though is unlikely to remove duties over farming in trade negotiations with the US, the EU trade chief stated.

Fri, 18 Jan 2019 16:14:30 GMT

Brazil's economy to rebound on new reforms

Brazil's sluggish economic expansion is likely to pick up smartly in 2019, as new government implements promised budget-tightening reforms and helps to expand the private sector.

Fri, 18 Jan 2019 16:12:17 GMT

UK May to discuss next steps of Brexit with ministers

The UK Prime Minister Theresa May is set to hold meetings with the top ministers to discuss the way forward over Brexit after the deal with Brussels was rejected by parliament.

Fri, 18 Jan 2019 15:07:21 GMT

Tesla to cut jobs by 7%, sees small Q4 profit

On Friday, Tesla said it would trim its workforce by 7% to curb costs amid the electric carmaker's plans to raise production of the Model 3 sedan's lower priced versions, sending shares down 7%.

Fri, 18 Jan 2019 15:00:56 GMT

Walmart, CVS resolve pharmacy deadlock

The world's biggest retailer Walmart is set to stay as the CVS Health Corp network's part for Medicaid pharmacy and commercial customers, after resolving their contract deadlock issue, the companies announced on Friday.

Fri, 18 Jan 2019 14:39:01 GMT

Yukos Oil's Dutch parts takeover was illegal

On Friday, the Dutch Supreme Court stated that a takeover deal of Yukos Oil's Dutch parts by Russia's state-oil firm Rosneft, which took place in 2007, was illegal.

Fri, 18 Jan 2019 14:36:31 GMT

Trian to miss PPG board challenge this year

Trian Fund Management is not planning to challenge PPG Industries' director board at the shareholder meeting scheduled for 2019, due to new commitments on financial targets and demands.

Fri, 18 Jan 2019 13:39:22 GMT

China Moly to lift stake in Congo Tenke copper mine

On Friday, China Molybdenum announced it would acquire a holding firm in a deal worth $1.14B to lift its control of the Democratic Republic of Congo's Tenke copper mine.

Fri, 18 Jan 2019 13:36:33 GMT

Tencent explores bid for Nexon's holding company

Tencent Holding, China's gaming giant, is weighing an offer for the South Korean gaming firm Nexon's holding company, seeking to enlist co-investors.

Fri, 18 Jan 2019 11:54:30 GMT

Polish Idea Bank plans merger with Getin Noble

Poland's Idea Bank agreed to acquire its competitor Getin Noble Bank in the all-share deal that would create the seventh largest bank in the country.

Fri, 18 Jan 2019 11:54:20 GMT

Nasdaq considers possible bid for Oslo SE

The exchange operator Nasdaq has entered talks with the Oslo stock exchange operator's board over a potential takeover deal, according to the Financial Times.

Fri, 18 Jan 2019 11:03:14 GMT

EU will set tariffs on Chinese e-bikes

European Union officials have revealed that from Saturday import tariffs will be enforced on Chinese e-bicycles. The tariffs are set because the Chinese government has been subsidizing the bikes and flooding the EU market.

Fri, 18 Jan 2019 11:02:30 GMT

Stocks are set for a winning streak

On Friday, global stock indices were set for the best week of gains during the last half a year. The surge was attributed to a report, which revealed that China and the US have made progress in trade talks.

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