News

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Thu, 10 Jan 2019 10:39:14 GMT

AXA to relocate staff from UK, France to Ireland

The French insurer AXA is planning to relocate its staff from the United Kingdom and France to Ireland amid the UK's withdrawal from the European Union.

Thu, 10 Jan 2019 10:36:44 GMT

Meniga acquires Swedish fintech firm Wrapp

Britain's Meniga is set to acquire the Sweden-based fintech company Wrapp, as it seek expanding its presence in the Nordic region, the firm announced on Thursday.

Thu, 10 Jan 2019 09:32:29 GMT

Over 600 flights hit in German airports amid security staff strikes

On Thursday, over 640 flights in Germany's airports of Stuttgart, Cologne and Dusseldorf were cancelled due to strikes launched by security staff in their push to put pressure on airports' management over wages.

Thu, 10 Jan 2019 09:23:19 GMT

Rolls-Royce calls on PM May to avoid hard Brexit

The carmaker Rolls Royce urged the British PM Theresa May to avoid the hard Brexit process, adding it was expanding its warehouse capacity, establishing some stock and training suppliers for any custom change in case the UK leaves the bloc with no deal.

Thu, 10 Jan 2019 08:17:14 GMT

JLR plans "substantial" job cut as china, diesel slow

Jaguar Land Rover, Britain's largest carmaker, is planning "substantial" job cuts due to lowering demand in China and a drop in diesel car sales in Europe.

Thu, 10 Jan 2019 08:12:26 GMT

Airbus loses out to Boeing in 2018 jet order race

Europe's Airbus has lost to its US rival Boeing in their annual race for a number of the jet orders, after winning five years in a row, plunging to the planemaker's lowest share of $150B aircraft market in the last six years.

Thu, 10 Jan 2019 07:39:09 GMT

Swiss Valcambi makes $16M bid for Republic Metals

Valcambi, Switzerland's precious metals refiner, made a $16M bid to acquire its competitor Republic Metals Corporation's assets, which had filed for bankruptcy in 2018.

Thu, 10 Jan 2019 07:36:07 GMT

Mexico's Alpek to acquire PET recycling factory in Indiana

A petrochemical unit of the Mexican conglomerate Alfa, Alpek, agreed to acquire the PET recycling plant located in Indiana's city of Richmond, with a deal planned to be closed in the 2019 Q1, the company stated.

Thu, 10 Jan 2019 05:29:53 GMT

China's PPI at 0.9% in December

The Chinese Producer Price Index grew 0.9% year-on-ear in December, marking the weakest growth rate since September 2016 and slowing markedly from the prior month's 2.7% rise, the NBS said.

Thu, 10 Jan 2019 05:10:03 GMT

BOJ's Kuroda: Japan's economy to continue growing

Haruhiko Kuroda, the Bank of Japan Governor, stated on Thursday the country's economy was anticipated to keep moderately growing, while financial system remains stable.

Thu, 10 Jan 2019 04:17:47 GMT

Fiat Chrysler to pay $700M over diesel emissions claims

Fiat Chrysler is set to pay more than $700M to resolve lawsuits over claims that illegal software was used to allow 104K diesel vehicles to emit excess emissions.

Thu, 10 Jan 2019 03:31:59 GMT

LG Chem to provide $1.07B for China's battery plants

South Korea's LG Chem announced plans to invest some $1.07B to expand two battery plants in China by next year,, aiming to meet increasing global demand.

Wed, 09 Jan 2019 20:47:25 GMT

Ukraine foreign trade up 12% in 2018

The Ukrainian foreign trade increased 12% in 2018 to $104.2B from $93.04B the prior year, the State Fiscal Service reports.

Wed, 09 Jan 2019 20:46:44 GMT

German exports stagnate in November

Germany exported €116.3B of goods and imported €95.7B of goods in November 2018, nearly unchanged from the same period the previous year, the Federal Statistical Office reports.

Wed, 09 Jan 2019 20:36:14 GMT

Macedonian economy to expand 2.9% in 2019

The Macedonian economy is expected to expand 2.9% in 2019, an increase from 2.5% in 2018, the Macedonian Information Agency reports.

Wed, 09 Jan 2019 20:35:33 GMT

Ukraine plans to get sniper rifles from Canada in 2019

Ukraine plans to purchase long-range sniper rifles from Canada this year, the Ukrainian Ambassador to Canada Andriy Shevchenko says.

Wed, 09 Jan 2019 18:51:08 GMT

Fed's Evans anticipated three US rate increases this year

The US Chicago Fed President Charles Evans announced expectations for three interest-rate hikes in 2019, assuming that the US economy remained reasonably strong.

Wed, 09 Jan 2019 18:50:56 GMT

Ford, VW to unveil deeper cooperation at Detroit auto show

Ford and Volkswagen are expected to announce a deeper cooperation over the auto show in Detroit, which goes beyond partnering in the commercial vehicles area, sources familiar with the matter said.

Wed, 09 Jan 2019 18:18:14 GMT

Lennar sales below estimates amid weak housing demand

Lennar reported weaker-than-expected home sales in the quarter and orders, confirming fears that the US property market was slowing in the face of higher rates and increasing prices, following years of strong growth.

Wed, 09 Jan 2019 18:14:54 GMT

Toyota recalls 1.3M vehicles in US for air bag inflators

Toyota Motor stated that it was recalling another 1.3M vehicles in the US for potentially faulty air bag inflators made by Takata within a multi-year recall campaign started in 2016.

Wed, 09 Jan 2019 17:17:26 GMT

France's Engie seeks reviving talks over TAG takeover

Engie SA, the French energy group, is expecting to revive talks to acquire Petroleo Brasileiro's gas transportation unit TAG this year, its CEO stated on Wednesday.

Wed, 09 Jan 2019 17:14:52 GMT

Nassef Sawiris slams his stake in LafargeHolcim

One of LafargeHolcim's largest shareholders, Nassef Sawiris, cut his stake in the cement maker by around 1.6M shares worth over $67.5M, Handelszeitung daily reported on Wednesday.

Wed, 09 Jan 2019 16:21:14 GMT

Israel's high-tech companies lift record $6.47B last year

Israel's private high-tech firms raised their record $6.47B in 2018, up 17% from the previous year, according to the ZAG law group and Israel Venture Capital Research Centre's report published on Wednesday.

Wed, 09 Jan 2019 16:13:27 GMT

T-Mobile beats expectations by adding 1M customers in Q4

On Wednesday, T-Mobile US reported it had added 1M of new phone subscribers in the Q4, beating Wall Street's expectations for nearly 858K customers.

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