News

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Thu, 27 Sep 2018 19:53:09 GMT

Petrobras to pay $853M fine in settlement with US

Petróleo Brasileiro is set to pay $853M fine to settle the US criminal charges over the Brazilian oil company's bribery deals related to the Car Wash probe.

Thu, 27 Sep 2018 18:59:06 GMT

Trump, Deputy AG postpone meeting until next week

The US President Donald Trump and Rod Rosenstein, the Deputy Attorney General, agreed to postpone their meeting, scheduled for this Thursday, to the next week amid Senate hearing for the Supreme Court nominee.

Thu, 27 Sep 2018 18:58:38 GMT

Cabify, Uber drivers launch strike in Spanish capital over law changes

Hundreds of thousand drivers for the ride-hailing firms Cabify and Uber launched a protest in Spain's capital of Madrid on Thursday against the government's plans to tighten regulations.

Thu, 27 Sep 2018 17:54:50 GMT

Ford calls for "certainty" in US trade deals

Ford Motor has called on the Trump Administration to clear its upcoming trade accords with China, Canada and other countries, as the carmaker seeks making investment deals with a "certainty".

Thu, 27 Sep 2018 17:54:19 GMT

Volvo set to start selling e-trucks in North America

The second-largest truck maker in the world, Volvo, is planning to start selling its electric trucks in North America within the next two years, hoping to launch sales by 2020, it stated on Thursday.

Thu, 27 Sep 2018 17:33:09 GMT

Shell considers buying stake in Russia's oil projects

Royal Dutch Shell has entered the talks over acquiring a stake in the Russian gas and oil project from Gazprom, according to three sources with a direct knowledge of the situation.

Thu, 27 Sep 2018 17:29:08 GMT

LVMH plans to revive France's Jean Patou fashion house

France's luxury group LVMH acquired a controlling stake in the Parisian fashion house Jean Patou from the UK group Designer Parfums, seeking to relaunch its pret-a-porter line.

Thu, 27 Sep 2018 16:40:09 GMT

Canada to stay in NAFTA talks despite Trump's allegations

On Thursday, the Prime Minister of Canada Justin Trudeau claimed that Canada is planning to participate in NAFTA talks unless an agreement could be achieved despite US President's Trump's allegations.

Thu, 27 Sep 2018 16:37:42 GMT

Air France-KLM CEO to head French unit for transitional period

On Thursday, an alliance Air France-KLM claimed that its newly appointed Chief Executive Officer Benjamin Smith would head the French division of airlines as well for a transitional time period.

Thu, 27 Sep 2018 15:38:40 GMT

Ryanair to open two hubs in France

On Thursday, Irish low-cost air carrier Ryanair claimed that it is planning to invest $400M in two French airports to set up hubs after the decision of the airline to recognise unions and come back to heavy unionised France.

Thu, 27 Sep 2018 15:35:51 GMT

Harris Corp to supply important processor for Lockheed's jet

On Thursday, the aeronautics unit of Lockheed Martin Corp claimed that Harris Corp would provide a core processor for Lockheed's fighter jet F35 which would let to reduce the cost of the device by 75%.

Thu, 27 Sep 2018 14:12:46 GMT

India to keep buying oil from Iran

The Iranian Foreign Minister stated on Thursday that India would continue to buy oil from the country, keeping their economic cooperation, right ahead of the US sanctions targeted at Tehran's oil exports.

Thu, 27 Sep 2018 14:03:21 GMT

US car sales expected to fell 6% in September

J.D. Power and LMC Automotive reported on Thursday that the US car sales are seen to plunge 6% to around 1.43M units in September, compared to the last year's same month.

Thu, 27 Sep 2018 13:37:02 GMT

Cryptocurrency firm Bitmain picks HK for IPO

The cryptocurrency giant Bitmain Technologies confirmed it had selected Hong Kong to launch its initial public offering, seeking to use the raised money for R&D development and production output expansion.

Thu, 27 Sep 2018 13:22:33 GMT

Papa John's calls on potential purchasers to submit offers

The world's third-biggest pizza delivery firm Papa John's International has called on its potential acquirers to submit their offers, according to sources familiar with the situation.

Thu, 27 Sep 2018 12:38:28 GMT

Britain's Halfords makes bid for Evans Cycles

Halfords, Britain's bicycles-to-car parts retailer, made a bid for its struggling rival firm Evans Cycles, according to Sky News.

Thu, 27 Sep 2018 12:35:02 GMT

BC Partners plans United Group takeover

On Thursday, the private equity group BC Partners stated it would acquire the majority stake in United Group, the EU pay-TV and cable operator, from KKR for about $3.04B, including debt.

Thu, 27 Sep 2018 11:30:52 GMT

Grab considers selling stake in Thai unit to Central Group

Singapore's ride-hailing service Grab is in negotiations to sell its stake in the Thai business unit to Central Group, Thailand's largest retailer, sources familiar with the matter reported.

Thu, 27 Sep 2018 11:27:23 GMT

Aetna plans sale of its prescription drug plan business

On Thursday, the health insurer Aetna stated it is planning a sale of its prescription drug plan unit Medicare Part D to WellCare Health Plans, as it seeks to receive US approval for its $69M merger deal with CVS Health.

Thu, 27 Sep 2018 10:21:01 GMT

WTO decreases trade forecasts

As the recent tariffs were set up by both the US and China, the World Trade Organization has decreased its 2018 and 2019 global merchandise trade forecasts.

Thu, 27 Sep 2018 10:20:20 GMT

Saudi Arabia improves investment environment

On Thursday, it was revealed by Reuters that the new upgrade of the Saudi legal system has improved the investing environment of the kingdom.

Thu, 27 Sep 2018 09:21:50 GMT

China's commerce ministry: trade tensions with US can be resolved

On Thursday, the Commerce Ministry of China claimed that Chinese authorities hope that trade tensions between China and the US can be resolved, although China is prepared for the worst-case scenario of the trade conflict. 

Thu, 27 Sep 2018 09:15:10 GMT

Bezos' Blue Origin to supply engines for United Launch Alliance

The Wall Street Journal reported that Blue Origin, a space startup of Amazon's founder Jeff Bezos, would supply rocket engines to the United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co.

Thu, 27 Sep 2018 08:24:46 GMT

Westwings sets price range for IPO, seeks to attract €132M

On Thursday, Westwing stated it had set its price range for the IPO at €23-29 per share, seeking to attract up to €132M.

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