News

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Sun, 29 Jul 2018 19:15:50 GMT

Kuwait's CMA approves AI Imtiaz Investment Group merger plans

The Capital Markets Authority of Kuwait has approved a merger between two subsidiaries of AI Imtiaz Investment Group in which the company has 68.05% and 68.62% stake.

Sun, 29 Jul 2018 19:14:53 GMT

Bank clients in Finland experience payment card issues

The payment company Nets reported that clients of several Finnish banks experienced problems with payments cards on Sunday which were caused by a network issue.

Sun, 29 Jul 2018 17:53:44 GMT

Saudi Telecom reports higher net income in Q2Y2018

Saudi Telecom Company reported a 3.74% increase in net profit during the second quarter of 2018 due to improved operational efficiency and cost optimisation.

Sun, 29 Jul 2018 17:53:22 GMT

CPP claims victory in general election

A spokesperson from the ruling Cambodian People's Party said on Sunday that the party had won the general election with around 80% of all the votes.

Sun, 29 Jul 2018 17:10:26 GMT

Investors see economic growth, strong Dollar as US advantage

Investors believe that the financial advantage of the US stock market over global equities in 2018 is dependent on the US showing solid economic growth and having strong currency.

Sun, 29 Jul 2018 17:09:20 GMT

Mnuchin says strong US economic growth should persist

According to the US Treasury Secretary Steven Mnuchin, the solid growth pace of the US economy reported in Q2Y2018 should persist for four to five years.

Sun, 29 Jul 2018 15:56:03 GMT

Turkey prepares to stand up to US

The President of Turkey on Sunday revealed that his country is preparing to stand firmly against any sanctions that would be put on the country by the US.

Sun, 29 Jul 2018 15:55:21 GMT

Trump threatens government shutdown

The President of the US on Sunday announced that he would permit a federal government shut down Democrats do not back changes in immigration laws.

Sun, 29 Jul 2018 14:52:35 GMT

Cambodian elections show first results

As vote counting occurred on Sunday in the Cambodian elections, it was clear that the Prime Minister Hun Sen will remain in his position.

Sun, 29 Jul 2018 14:52:25 GMT

Mali voters go to polls on Sunday

Citizens of Mali on Sunday voted in a poll, which will decide whether the residing President will be given a second term.

Sun, 29 Jul 2018 14:08:36 GMT

Saudis reassure their Arab allies

On Sunday, as US representatives pushed for a Middle East plan for peace, Saudi Arabian officials assured their allies that they will not back certain issues that favour Israel.

Sun, 29 Jul 2018 14:07:47 GMT

Mugabe backs opposition

The former dictator of Zimbabwe on Sunday announced that he will vote for the opposition party in the election on Monday.

Sun, 29 Jul 2018 12:55:05 GMT

De Beers to finalise purchase of Canada's Peregrine Diamonds

De Beers is seeking to finalise the purchase of Canada's diamond project Peregrine Diamonds within the next two months, in its first acquisition of upstream diamonds since 2000.

Sun, 29 Jul 2018 12:54:48 GMT

Iraqi PM dismisses Electricity Ministry due to protests

On Sunday, Iraq's Prime Minister Haider al-Abadi dismissed the Electricity Minister amid the unrest triggered by poor public services, such as rampant corruption and power cuts.

Sun, 29 Jul 2018 12:03:14 GMT

Merkel's Conservatives support falls to its lowest since 2006

According to a poll published on Sunday, a support for the German Chancellor Angela Merkel's Conservatives dropped to its 12-year low to 29%, compared to 33% in September's election.

Sun, 29 Jul 2018 11:54:39 GMT

GVC Holdings launches joint negotiations with MGM Resorts

GVC Holdings, the British betting group, announced this Saturday it was holding advanced talks with the US casino and hotel operator MGM Resorts over a joint venture.

Sun, 29 Jul 2018 11:18:39 GMT

Interactive Brokers seeks lifting margin requirements for Tesla

Interactive Brokers Group stated it would raise margin requirements for customers making Tesla bets amid recent volatility in Elon Musk's e-car company shares.

Sun, 29 Jul 2018 11:13:49 GMT

YouTube creates original programing in Japan, EU, Mexico and India

YouTube's Senior Executive announced its video service platform is working on original programing, such as scripted series and others, for the international markets, including Japan, India, Mexico, France and Germany.

Sun, 29 Jul 2018 10:37:06 GMT

IBM gets $83M from Groupon in patent dispute

International Business Machines has won $83M on Friday from the e-commerce company Groupon in their Internet patent dispute, claiming it had used IBM's patented technology with no authorisation.

Sun, 29 Jul 2018 10:32:59 GMT

Germany's Voith to establish rail JV with CRRC

Voith, Germany's mechanical engineering conglomerate, is planning to form a rail joint venture with the Chinese rolling stock maker CRRC, the German newspaper Welt am Sonntag reported.

Sun, 29 Jul 2018 08:56:46 GMT

Tyson Foods considers buying Keystone from Marfrig

Tyson Foods is in negotiations with the Brazilian firm Marfrig Global Foods to acquire McDonald's US chicken supplier Keystone Foods, sources reported.

Sun, 29 Jul 2018 08:40:03 GMT

Disney, Fox shareholders give nod to entertainment assets deal

Shareholders of Walt Disney and 21st Century Fox approved on Friday Disney's $71B buyout of the Fox television and film assets.

Sun, 29 Jul 2018 08:37:26 GMT

NY state revokes Charter-Time Warner Cable deal approval

The State Public Service Commission of New York withdrew the approval of the merger deal between Time Warner Cable and Charter Communications clinched in 2016, claiming Charter failed to establish the network for enough houses.

Sun, 29 Jul 2018 06:55:35 GMT

World auto powers plot response to US auto tariff threats

The EU, Canada, South Korea, Mexico and Japan are set to meet in Geneva next week to consider how to respond to the US President Donald Trump's threats to impose tariffs on the US imports of car parts and autos.

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