News

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Thu, 22 Mar 2018 18:37:40 GMT

Morgan Stanley to relocate 80 positions to Paris

Morgan Stanley announced plans to relocate 80 jobs based in the UK to Paris in following years after Brexit, according to sources familiar with the matter.

Thu, 22 Mar 2018 18:19:44 GMT

Trump to put off tariffs on steel exports for EU and six others

The US President Donald Trump is set not to apply new aluminium and steel tariffs to the EU and other six trading partners currently negotiating exemptions, Robert Lighthizer stated.

Thu, 22 Mar 2018 18:18:32 GMT

CSRA cooperates with Google Cloud

CSRA, the aim of rival proposals from CACI International Inc and General Dynamics, stated on Thursday that the company had partnered with Google cloud.

Thu, 22 Mar 2018 16:56:54 GMT

BoE leaves rates on hold

At its latest policy meeting, the Bank of England decided to leave its official bank rate on hold at 0.50%, though hinted at a possible rate hike in May.

Thu, 22 Mar 2018 16:56:45 GMT

EZ flash manufacturing PMI for March dips to 56.6

Data released by Markit on Thursday showed that the Euro zone flash manufacturing PMI for March was down to 56.6 points, following a 58.6-point reading registered in February.

Thu, 22 Mar 2018 16:18:32 GMT

Euro zone flash services PMI down to 55.0 in March

Markit revealed that its flash services PMI for the Euro zone came in at 55.0 points in March down from 56.2-point reading registered in the preceding month.

Thu, 22 Mar 2018 16:12:00 GMT

UK February retail sales post 0.8% uptick

According to the data released by the UK Office for National Statistics, retail sales in the country grew at a 0.8% monthly pace in February, topping analysts' expectations.

Thu, 22 Mar 2018 16:11:03 GMT

German Ifo business morale slips to 114.7 in March

The Ifo Institute for Economic Research revealed on Thursday that its German business morale fell to the lowest level over the past 11 months in March.

Thu, 22 Mar 2018 15:34:21 GMT

Mozilla halts ads on Facebook amid data privacy concerns

Mozilla decided to suspend advertising on Facebook due to data privacy concerns, following allegations a political consultancy had received illegal access to the social media platform's user private data.

Thu, 22 Mar 2018 15:30:52 GMT

Ford ties up with India's Mahindra to develop e-vehicle, SUVs

The US carmaker Ford and India's Mahindra & Mahindra signed a deal to develop compact electric cars and sports utility vehicles, both companies confirmed on Thursday.

Thu, 22 Mar 2018 14:31:07 GMT

BMW delays e-vehicle mass production until 2020

The BMW CEO stated on Thursday that the carmaker was planning to postpone its electric vehicle mass production until 2020, as the current technology was not viable enough for volume production.

Thu, 22 Mar 2018 13:59:00 GMT

US initial jobless claims rise 3K last week

The number of applications for US unemployment benefits increased slightly to 229K in the week ending March 17, following the prior month's 226K reading, and missing analysts' estimates for a 225K drop.

Thu, 22 Mar 2018 13:34:49 GMT

Head of British agency in charge of RBS stake sale to resign

According to a source familiar with the issue, the head of the British agency managing the Royal Bank of Scotland's stake sell is willing to step down from his position soon.

Thu, 22 Mar 2018 13:33:09 GMT

Meredith to phase out 1.2K jobs, sell Time publications

The US media firm Meredith announced on Wednesday it would cut 1K more job positions, after it had already phased out 200 jobs, adding it would also sell Time, Fortune and Sport Illustrated magazines.

Thu, 22 Mar 2018 12:10:41 GMT

Vivendi sells stake in Ubisoft to investors, ending takeover battle

The French media company Vivendi is eager to sell its Ubisoft stake for $2.45B to China's tech giant Tencent and other investors, ending a takeover battle for the video games maker.

Thu, 22 Mar 2018 11:44:50 GMT

Novo Nordisk seeks picking ex-oil head Lund as chairman

The diabetes drugmaker Novo Nordisk is planning to appoint the former oil head Helge Lund as the company's new chairman, as it seeks to energise new mergers and acquisitions.

Thu, 22 Mar 2018 11:11:58 GMT

UK retail sales surge

The retail sales grew by 0.8% in the UK in February. The main cause of the surge were increased online and supermarket sales.

Thu, 22 Mar 2018 11:11:15 GMT

Chairman of EU Finance Ministers lays out his vision

Mario Centeno the Chairman of the EU Finance Ministers on Thursday announced that in the future the EU needs to combine pragmatism with ambition.

Thu, 22 Mar 2018 10:32:29 GMT

Turkey's Dogan, Demiroren in talks over media arm acquisition

Turkey's Dogan Holding launched acquisition talks with Demiroren Holding over its $890M media arm Hurriyet Gazetecilik's sale, sending Dogan's and newspaper unit's shares up on Thursday.

Thu, 22 Mar 2018 10:17:00 GMT

Slovak President names Pellegrini as new PM

On Thursday, Slovakia's President Andrej Kiska has ruled to appoint Peter Pellegrini as a new Prime Minister, following the country's political crisis over journalist murder and Robert Fico's resignation.

Thu, 22 Mar 2018 09:05:44 GMT

United Internet shares fall 9% on core earnings results

Shares in United Internet were down 9% on Thursday, after the German company had posted its 2017 core earnings results, which missed the estimates.

Thu, 22 Mar 2018 08:59:42 GMT

Maldives withdraws 45-day state of emergency

On Thursday, the President of Maldives Abdulla Yameen has lifted state of emergency in the country after 45 days since proclamation, following the political upheaval that triggered protests in the region.

Thu, 22 Mar 2018 07:58:11 GMT

Tencent's shares drop after missing revenue forecasts

Shares in Tencent Holdings plunged 3.29% by Thursday's noon, following its revenue report that missed quarterly forecasts and the company's warning its planned investments could hurt margins.

Thu, 22 Mar 2018 07:53:21 GMT

Trump to announce tariffs on China imports on Thursday

The US President Donald Trump is set to announce tariffs on China's imports, aimed at halting the US technology theft, on Thursday that is likely to cause retaliation from Beijing.

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