News

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Wed, 25 Jul 2018 18:52:29 GMT

Trump seeks fair, beneficial trade deal with EU

The US President Donald Trump said on Wednesday that he hoped to agree on a fair and mutually beneficial trade deal between the United States and the European Union.

Wed, 25 Jul 2018 18:51:11 GMT

Insurer Anthem reports 23% surge in net profit in Q2Y2018

The US-based insurance firm Insurer Anthem reported on Wednesday a 23% surge in its net income to $1.05B in Q2Y2018, boosted by lower patient costs and higher premiums.

Wed, 25 Jul 2018 18:17:40 GMT

CEO: Deutsche Bank is starting to recover

The CEO of Deutsche Bank Christian Sewing said the bank was showing signs of recovery after internal restructuration even despite reporting a 14% drop in its net profit in Q2Y2018.

Wed, 25 Jul 2018 18:16:18 GMT

Newspaper: debt relief for Greece requires €34B

Germany has estimated that additional debt relief for Greece would cost around €34B within the following 10 years, as reported by Frankfurter Allgemeine Zeitung.

Wed, 25 Jul 2018 17:18:19 GMT

Iran approves new central bank Governor

The Iranian government approved on Wednesday Abdolnaser Hemmati as the new Governor of the Central Bank of Iran.

Wed, 25 Jul 2018 17:17:31 GMT

xG Technology appoints new CEO

xG Technology Inc, a developer of wireless communication and sharing, has appointed its former CFO and co-founder Roger Branton as the new Chief Executive Officer.

Wed, 25 Jul 2018 15:50:51 GMT

China's Xi asks BRICS countries to reject unilateralism

On Wednesday, the Chinese President Xi Jinping asked BRICS nations not to accept unilateralism caused by US tariff threats, as a global trade war would 'leave no winner'.

Wed, 25 Jul 2018 15:48:24 GMT

EIA: US crude stock lower than expected

The Energy Information Administration reported that US crude inventories fell by 6.1M barrels during the previous week which exceeded the estimate of -2.3M.

Wed, 25 Jul 2018 15:20:18 GMT

GM, Fiat Chrysler cut profit forecast due to trade tariffs

The carmakers General Motors Co and Fiat Chrysler Automobiles NV have reduced their full-year profit forecast, naming trade tariffs as one of the factors causing this cut.

Wed, 25 Jul 2018 15:18:20 GMT

Boeing shares fall after reducing defence margin forecast

Shares of the plane-maker Boeing Co declined 2.2% on Wednesday in response to the company cutting the operating margin forecast for its defence business to 10-10.5%.

Wed, 25 Jul 2018 14:22:46 GMT

Facebook unlikely to get China's approval for venture

China's government is planning to pull the approval for Facebook's planned venture in Zhejiang, according to the New York Times report.

Wed, 25 Jul 2018 14:00:21 GMT

Check Point Software posts better-than-expected Q2 net profit

On Wednesday, Check Point Software, the network security provider, posted a better-than-expected Q2 net profit, doubling its overall share buyback plan to $2.0B.

Wed, 25 Jul 2018 13:39:12 GMT

Waymo autonomous vehicles to ferry shoppers to Walmart's Arizona strores

Alphabet's Waymo is launching trials with the self-driving cars set to ferry Walmart's shoppers to its stores in Arizona's Phoenix, the company announced on Wednesday.

Wed, 25 Jul 2018 13:25:57 GMT

Verizon posts better-than-expected revenue, profit

On Tuesday, Verizon Communications reported its quarterly revenue and profit bet analysts' estimates, while its monthly subscriber reading missed the forecasts amid dearth of the special promotions.

Wed, 25 Jul 2018 12:39:34 GMT

Audi triggers electric engine serial production in Hungary

Audi, the luxury automaker, announced on Tuesday it had launched a serial production of the electrical engines at the company's Hungarian plant.

Wed, 25 Jul 2018 11:39:59 GMT

Court advisor calls for ruling against EU's veto of TNT-UPS merger

On Wednesday, an advisor to the European court recommended the judges to rule against the EU veto of the UPS-TNT merger deal.

Wed, 25 Jul 2018 11:36:30 GMT

Tages to acquire stake in private equity firm VAM

Tages Group, the alternative asset manager, announced on Wednesday it would acquire a 34% stake in the private equity firm VAM Investments with a possibility to buy the entire group within three years.

Wed, 25 Jul 2018 09:54:55 GMT

Ford Motor creates $4B unit to house autonomous car operations

On Tuesday, Ford Motor announced it was establishing a separate $4B worth unit to house the self-driving car operations, in a similar to its rival General Motors's move made late in May.

Wed, 25 Jul 2018 09:51:28 GMT

China's Baidu and Daimler to deepen automated driving partnership

Germany's Daimler stated it is eager to deepen its alliance with the Chinese firm Baidu on the vehicle connectivity services and automated driving platform Apollo, established last year.

Wed, 25 Jul 2018 09:03:56 GMT

BoE's Woods estimates 5k financial jobs to leave UK after Brexit

The Deputy Governor of the Bank of England Sam Woods said less than 5k financial jobs are expected to leave the United Kingdom by the first day of Brexit.

Wed, 25 Jul 2018 08:57:32 GMT

German business climate declines in June

The Ifo Institute for Economic Research reported on Wednesday that its German Business Climate Index fell slightly to 101.7 in June, compared to 101.8 during the preceding month.

Wed, 25 Jul 2018 08:38:56 GMT

EU hits four consumer electronics firms with $130M fine

On Tuesday, the EU antitrust regulator has fined the consumer electronics firms Philips, Pioneer, D&M and Asus a total $130M for imposing minimum or fixed online prices for the products.

Wed, 25 Jul 2018 07:32:09 GMT

JD.com receives approval for 30% in Allianz China

The Chinese e-commerce giant JD.com has received a regulatory approval for a 30% stake in the global insurance titan Allianz China's unit, becoming the leading investor in a new fundraising round.

Wed, 25 Jul 2018 07:24:56 GMT

China's Tsinghua Unigroup to acquire France's Linxens

The Chinese top state chipmaker Tsinghua Unigroup clinched a deal to buy France's smart chip component manufacturer Linxens worth about $2.6B, sources reported on Wednesday.

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