News

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Sat, 01 Dec 2018 10:34:35 GMT

Spanish home mortgages increase 9.5% in September

The number of home mortgages in Spain rose 9.5% in September, compared with the period a year earlier, the INE reported.

Sat, 01 Dec 2018 09:18:38 GMT

China's firms promise to invest in Kenya to fuel country's exports

China's firms pledged to invest in Kenya to boost exports of the east African country and form partnership to manufacture products, which could compete in global markets.

Sat, 01 Dec 2018 09:17:40 GMT

EU states reject plan on digital tax

A group of the EU countries rejected a compromise plan for the EU-wide tax over digital revenues of big companies introduction, making it difficult to meet a deadline for a deal.

Sat, 01 Dec 2018 07:42:29 GMT

Swiss government opposes intention to curb immigration from EU

The Swiss government stated that it opposed an intention to curb immigration from the EU, as an agreement is likely to affect exports to the country's largest trade partner.

Sat, 01 Dec 2018 07:42:08 GMT

AT&T to cut up to $20B in debt next year

AT&T stated that it has committed to cutting the heavy debt load in 2019 through measures, including its non-core assets review such as possible sale of stake in Hulu, the streaming video company.

Sat, 01 Dec 2018 06:48:19 GMT

GameStop cuts profit forecast for full year

GameStop stated that it cut the full-year profit forecast, as the world's biggest video game retailer struggled with weakness in developers using games and launching streaming services.

Sat, 01 Dec 2018 06:46:36 GMT

Workday reports better-than-anticipated quarterly results

Workday reported its better-than-expected quarterly revenue and profit, as more firms signed up for its cloud-based finance and HR management software.

Sat, 01 Dec 2018 06:12:36 GMT

VMware's revenue grows 13.5% in Q3

Software maker VMware reported a 13.5% jump in revenue in the Q3, as the firm benefited from solid demand for software used by customers to increase cloud computing efficiency.

Sat, 01 Dec 2018 06:09:01 GMT

Fiat Chrysler to spend $5.7B in Italy to keep jobs, fill plants

Fiat Chrysler announced plans to spend more than $5.7B on new engines and models in Italy in the next three years in an attempt to boost margins and jobs and enhance the use of factories.

Sat, 01 Dec 2018 04:01:08 GMT

Tesla meets Model 3 output of 1K vehicles per day

Tesla achieved its target to produce 1K of Model 3 vehicles per day, the automotive news outlet Electrek reported, citing the carmaker's CEO Elon Musk.

Sat, 01 Dec 2018 03:59:47 GMT

Brazil's Eletrobras plans sale of distribution firm CEAL

Centrais Elétricas Brasileiras, the Brazilian state-owned power company, has set December 19 to sell its distribution unit Companhia Energética de Alagoas, the firm announced on Friday.

Fri, 30 Nov 2018 20:56:02 GMT

Bin Salman meets with Xi at G20 summit

On Friday, Saudi Press Agency said that the Saudi Arabian Crown Prince Mohammed bin Salman met with China's President Xi Jinping on the sidelines of the Group of 20 industrialised nations summit.

Fri, 30 Nov 2018 20:55:23 GMT

Marriott reveals data hack of 500 million Starwood guests

On Friday, Marriott International said that its Starwood Hotels guest reservation system has been hacked, potentially exposing about 500 million guest records.

Fri, 30 Nov 2018 20:08:14 GMT

GM CEO plans to visit Capitol Hill next week over job cuts

On Friday, the General Motors CEO Mary Barra plans to meet with the US lawmakers at the Capitol Hill to discuss the company's plans to close five production plants in the United States and Canada.

Fri, 30 Nov 2018 20:02:29 GMT

White House says Russia probe probably undermines US-Moscow relationships

The White House spokesperson Sarah Sanders said on Friday that the probe into collusion between the US President Donald Trump and Russia is likely undermining the US ties with Moscow.

Fri, 30 Nov 2018 19:10:31 GMT

Abe and Macron to discuss Nissan-Renault alliance at G20 summit

The Japanese Prime Minister Shinzo Abe and the French President Emmanuel Macron would meet at the G20 summit on Friday to discuss the Nissan-Renault future alliance.

Fri, 30 Nov 2018 19:10:01 GMT

US, Mexico and Canada sign NAFTA replacement deal

On Friday, the United States, Mexico and Canada signed a replacement NAFTA deal during a ceremony on the sidelines of the G20 summit in Argentina.

Fri, 30 Nov 2018 18:12:27 GMT

RIA: Saudi and Russian Energy Ministers to meet at G20

On Friday, RIA news agency reported that the Russian Energy Minister Alexander Novak would meet with the Saudi Arabian Energy Minister at the G20 summit to discuss crude oil output reduction.

Fri, 30 Nov 2018 18:04:39 GMT

Trump says some positive signs on trade talks with China

On Friday, the US President Donald Trump said that trade talks with China are going good, ahead of his bilateral meeting with the Chinese President Xi Jinping.

Fri, 30 Nov 2018 17:02:22 GMT

Eni considers growing its footprint in Gulf states

Italy's Eni SpA has entered talks expand its footprint in the United Arab Emirates and Oman, on the back of the company's plan to establish the asset base in the Gulf, offsetting the reliance on Africa.

Fri, 30 Nov 2018 16:51:38 GMT

ECB launches new instant payment system for banks

On Friday, the European Central Bank rolled out a new payment system that allows banks to settle their payments across Europe instantly, helping them rival with PayPal and other tech titans.

Fri, 30 Nov 2018 16:34:14 GMT

EU likely to launch full-scale probe into Liberty Global, Vodafone deal

The European antitrust regulators are planning to start a full-scale inquiry into Vodafone's takeover of the Liberty Global assets in the eastern Europe and Germany, in a deal worth $21.8B.

Fri, 30 Nov 2018 16:28:20 GMT

Honeywell launches HQ relocation to North Carolina

On Friday, Honeywell International stated it would relocate the firm's global corporate headquarters to North Carolina's Charlotte from its current base in New Jersey's Morris Plains.

Fri, 30 Nov 2018 15:17:26 GMT

VW, Tesco to develop British EV charging networks

The British largest retailer Tesco and Germany's automaker Volkswagen have tied up over the electric car charging network in Britain, two companies announced on Friday.

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