News

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Wed, 13 Jun 2018 04:53:29 GMT

ZTE shares plunge after ban suspension

Shares of the Chinese telecommunications company ZTE plunged 41% on Wednesday when the company resumed its trading after two-month suspension.

Wed, 13 Jun 2018 04:12:21 GMT

Asian stocks start day lower prior to Fed decision

Asian stocks opened lower on Wednesday, as investors were shifting their focus from the Singapore summit to the Fed monetary policy decision to be released at 1800GMT today.

Wed, 13 Jun 2018 04:07:52 GMT

Oil falls on Wednesday

Oil prices declined early on Wednesday, pressured lower by rising US oil production and expectations that the OPEC countries would loosen their agreement on output cuts.

Wed, 13 Jun 2018 02:59:26 GMT

Blackstone in deal to acquire Investa Office Fund for $2.3B

Australia's Investa Office Fund and Blackstone Group joined scheme implementation agreement by which the US private equity major is likely acquire IOF for $2.3B.

Wed, 13 Jun 2018 02:53:08 GMT

Toshiba set to buy back $6.33B in shares

Toshiba Corp stated that the company is set to buy back around $6.33B in shares at the earliest opportunity, after selling the memory chip business for $18B.

Wed, 13 Jun 2018 02:35:13 GMT

Blackstone raises more than $9B in Asian funds

Blackstone Group raised about $9.4B in Asia-focused funds, the US private equity firm stated, as an addition to a massive money pool for investments and acquisitions in the region.

Wed, 13 Jun 2018 02:32:12 GMT

Toyota to invest $1B in Grab

Toyota Motor agreed to invest $1B in Southeast Asia's ride-hailing conpany Grab as the main investor in the ongoing financing round of the company.

Tue, 12 Jun 2018 20:20:01 GMT

Trump economic counselor Kudlow in medical center after heart attack

White House economic counsellor Larry Kudlow will stay in a Washington-area medical center but was anticipated to make a fast recovery after experiencing a heart attack.

Tue, 12 Jun 2018 20:09:09 GMT

Tesla reduces nine percent of employees in search to make profit

Tesla Inc is reducing its workforce by several thousand across the organization as it looks for ways to lower the costs and become sustainably profitable.

Tue, 12 Jun 2018 19:33:14 GMT

Markets decrease the volumes whenever World Cup starts

The World Cup starts in Russia on this week's Thursday, so investors need to be notified that financial markets have a tendency to act like emotional soccer enthusiast.

Tue, 12 Jun 2018 19:25:49 GMT

New York leading court straitens Martin Act in $11B Credit Suisse case

New York's leading court on Tuesday restrained the ability for state attorney to deal with crime on Wall Street, giving a triumph to a Credit Suisse Group, as it works on ending $11B lawsuit.

Tue, 12 Jun 2018 18:34:11 GMT

White House asks apologies for negative comment

White House trade expert Peter Navarro made apologies on Tuesday for stating that there is a "special spot in hell" for the Canadian Prime Minister Justin Trudeau, afterwards last G7 summit.

Tue, 12 Jun 2018 18:21:17 GMT

Merkel encounters conservative opposition over migration policy

The German Chancellor Angela Merkel confronted an objection over migrant policy, risking destabilizing her coalition, in the time when she is making EU partners to make a common agreement.

Tue, 12 Jun 2018 17:31:04 GMT

PM Abadi states in opposition of doing Iraq election again

The Iraqi Prime Minister Haider al-Abadi stated on Tuesday, that he is against a repeat of the parliamentary election, warning that anyone who tries to sabotage the process will be punished.

Tue, 12 Jun 2018 17:21:50 GMT

UAE claims Yemen Houthis should evacuate main port city

A senior official of the United Arab Emirates on Tuesday claimed that the Iran-aligned movement is required to evacuate Yemen's key port of Hodeidah, because troops geared for an invasion.

Tue, 12 Jun 2018 15:57:06 GMT

OMV to discuss Gazprom swap deal with Norway

The CEO of the Austrian energy company OMV Rainer Seele said on Tuesday he would talk with the Norwegian government to address its concerns about a swap deal with Gazprom.

Tue, 12 Jun 2018 15:56:17 GMT

ZTE shares will return to market on Wednesday

The Chinese telecommunications company ZTE said on Tuesday its shares would resume trading this Wednesday, thus ending two-month suspension by the US government.

Tue, 12 Jun 2018 15:05:23 GMT

Russian, Chinese nuclear companies strengthen cooperation

The CEOs of China's CNNC International and Russia's Rosatom have signed a massive contract package that includes construction of four nuclear plants in China.

Tue, 12 Jun 2018 15:03:23 GMT

UK fines Yahoo UK Services for data breach

The UK's Information Commissioner's Office has fined Yahoo UK Services £250k in relation to a cyber-attack on personal data conducted in November 2014.

Tue, 12 Jun 2018 14:27:41 GMT

Stryker Corp makes acquisition bid for Boston Scientific

Stryker Corp, the medical device manufacturer, made a takeover proposal to its rival Boston Scientific, according to the Wall Street Journal report on Monday.

Tue, 12 Jun 2018 14:22:49 GMT

France's Casino seeks completing $1.77B of asset sales

The French supermarket firm Casino is seeking to finalise $1.77B of asset sales by 2019 to cut heavy debt burden.

Tue, 12 Jun 2018 13:35:50 GMT

Ericsson almost doubles 2023 estimates for IoT connections

On Tuesday, Ericsson, the mobile telecom gear producer, stated it had almost doubled the 2023 forecast for the connected cellular IoT to $3.5B.

Tue, 12 Jun 2018 13:33:01 GMT

Thales partners with Microsoft over cloud system aimed at armed forces

Thales, France's electronics group, has signed a partnership with Microsoft, as they seek to develop a common defence cloud for armed forces, the firms stated on Tuesday.

Tue, 12 Jun 2018 12:38:41 GMT

Japan's Itochu planning to sell North Sea oil fields

Japan's commodity trading house Itochu is planning a stake sale in its two North Sea oil fields, a terminal and a pipeline, the official document showed.

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