News

Note: This section contains information in English only.
Tue, 09 Oct 2018 04:42:42 GMT

Asian stocks fall to new low level

On Tuesday, as the Chinese government allowed its currency to fall, Asian share prices reached a 17-month low level.

Tue, 09 Oct 2018 04:41:44 GMT

Iranian crude oil outputs continues to decline

Data released by Refinitv Eikon on Monday has revealed that Iran exported 1.1 million barrels per day in the first week of October.

Tue, 09 Oct 2018 04:30:01 GMT

IMF chief is sure that China can defend its currency

On Tuesday, Maurice Obstfeld the head of IMF revealed that despite the recent decline of the Chinese Yuan he is assured that China can defends its currency.

Tue, 09 Oct 2018 04:29:29 GMT

Oil prices continue to rise

On Tuesday, oil prices continued to increase, as it was announced by Refinitiv EIikon that Iranian exports have decreased in the first week of October.

Tue, 09 Oct 2018 02:50:40 GMT

Air France passenger traffic up 2.7% in September

Air France KLM reported a 2.7% increase in traffic of passengers in September, aiming to enhance the performance after strikes, which cost it millions of euros, led to a management shake-up.

Tue, 09 Oct 2018 02:46:54 GMT

China bans pig imports from Belgium, Japan over African swine fever

China banned imports of wild boars, pigs and products from Belgium and Japan after African swine fever outbreaks in the two countries, the report showed.

Tue, 09 Oct 2018 02:35:22 GMT

IMF diminishes world economic expansion forecasts

The International Monetary Fund cut global economic growth projections for 2018 and 2019, as trade tensions took a toll on commerce, while emerging markets struggled with capital outflows and tighter financial conditions.

Tue, 09 Oct 2018 02:31:55 GMT

Ceconomy reports fiscal year earnings below estimates

Ceconomy, the largest consumer electronics retailer in Europe, stated that operating profit for the 2017-2018 fiscal year was below targets, citing weak business at Saturn and MediaMarkt store chains.

Mon, 08 Oct 2018 20:28:12 GMT

Knorr-Bremse diminishes IPO period on solid demand

Germany's brake systems producer Knorr-Bremse stated that it accelerated the initial public offering after reporting high demand from investors and is set to close the offering on Wednesday.

Mon, 08 Oct 2018 20:24:01 GMT

ECB to begin discussions over rate hike in January

The European Central Bank is likely to start discussing the timing of the interest rate increase in January, while the risks coming from ultra-loose financial conditions keep rising, the Dutch CB Governor Klaas Knot stated.

Mon, 08 Oct 2018 19:28:35 GMT

Alphabet closes Google+ social network

Google is expected shut down Google+ after announcing that data from nearly 500K users may have been exposed to external developers via a bug, which persisted more than two years.

Mon, 08 Oct 2018 19:24:07 GMT

Tencent to buy stake in Nubank

China's internet company Tencent Holdings reached an agreement to buy a minority stake in Brazilian fintech company Nu Pagamentos SA, without specifying the deal's amount.

Mon, 08 Oct 2018 18:32:52 GMT

Louis Dreyfus profit falls amid soy hedging adds challenges

Louis Dreyfus Company's net profit declined by nearly a third in the H1, as soybean hedging loss increased pressure from continuing weakness in the core agricultural markets.

Mon, 08 Oct 2018 18:27:52 GMT

Walmart cooperates with MGM to boost Vudu services

Walmart stated that it is set to partner with Metro Goldwyn Mayer, the US movie studio, to create content for video-on-demand service Vudu, which was bought in 2010.

Mon, 08 Oct 2018 17:28:12 GMT

Jaguar Land Rover to temporarily shut Solihull plant

The UK largest carmaker Jaguar Land Rover is set to close Solihull plant for two weeks in October, after it reported an almost 50% fall in sales to China, as a trade war and import duties hurt demand.

Mon, 08 Oct 2018 17:24:41 GMT

China to increase export tax rebates due to trade war

China is set to increase the level of export tax rebate in the next month and quicken payments of export tax rebate to support foreign trade, as a trade war with the US escalates.

Mon, 08 Oct 2018 16:30:14 GMT

GE to sell energy investments to Apollo Global

General Electric announced plans to sell a $1B portfolio in energy investments to Apollo Global Management, as it decided to shed assets in the finance arm to concentrate on its industrial business.

Mon, 08 Oct 2018 16:27:28 GMT

Bain Capital to get Rocket Software's majority stake

Rocket Software, the IT service company, stated that private equity firm Bain Capital agreed to buy the majority stake in the company in a $2B valued deal.

Mon, 08 Oct 2018 15:32:40 GMT

General Motors reports weaker sales in China

General Motors's quarterly sales in China declined for the first time in more than a year, affected by faltering economic expansion and a slowdown in the auto market due to the trade war with the US.

Mon, 08 Oct 2018 15:29:24 GMT

Microsoft tests new service for game streaming

Microsoft Corp tested Project xCloud, the new game-streaming service, which was designed to work across consoles, PCs and mobile devices, the company stated.

Mon, 08 Oct 2018 14:35:39 GMT

Facebook launches smart speaker to ease Messenger video calls

Facebook has launched a smart speaker called "Portal" on Monday designed to make the Messenger video calls easier, which comes in two versions worth $199 and $349.

Mon, 08 Oct 2018 14:31:15 GMT

FLIR releases new system for tiny surveillance drones

On Monday, FLIR System has released a new vehicle-mounted case with a few tiny surveillance drones designed for government agencies and military to gauge the surroundings.

Mon, 08 Oct 2018 13:38:33 GMT

Ensco to acquire rival Rowan in $2.38B deal

On Monday, the offshore driller Ensco stated it would acquire its smaller rival Rowan in the all-stock deal worth $2.38B, seeking to expand and form partner relations with Saudi Aramco.

Mon, 08 Oct 2018 13:35:20 GMT

Microsoft likely to get EU approval for $7.5B worth GitHub deal

The US software titan Microsoft is likely to receive the EU antitrust regulator's approval for its takeover of the privately-owned coding website GitHub worth $7.5B.

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