News

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Fri, 09 Mar 2018 19:00:46 GMT

Trian sells $1.1B worth stake in Mondelez

Trian sold about $1.1B worth of the firm's holdings in snackmaker Mondelez over the past ten years, as its co-founder Nelson Pelt quitted the board.

Fri, 09 Mar 2018 17:59:57 GMT

Italian PM expects EU to take common stance on US tariffs

Italy's PM Paolo Gentiloni stated that the EU is set to decide at the next meeting on its common position responding to the US decision to set tariffs on aluminium and steel imports.

Fri, 09 Mar 2018 17:59:25 GMT

Goldman CEO prepares to quit at year end

Lloyd Blankfein was in preparation to step down as the CEO of Goldman Sachs Group at the end of 2018, according to sources familiar with the matter.

Fri, 09 Mar 2018 17:19:47 GMT

Canada's building permits grow 5.6% in January

Statistics Canada stated that the value of country's building permits surged 5.6% in January, owing to increased construction intentions in Ontario.

Fri, 09 Mar 2018 17:06:51 GMT

Canada's economy adds 15.4K jobs last month

Statistics Canada stated that the country's economy added 15.4K jobs in the month of February, while economists anticipated a 20K gain.

Fri, 09 Mar 2018 17:06:16 GMT

Britain's manufacturing production grows in January

The Office for National Statistics stated on Friday that production in Britain's manufacturing sector rose 0.1% in January, missing expectations for a 0.2% increase.

Fri, 09 Mar 2018 15:11:50 GMT

The United States adds 313K jobs in February

US private companies created 313K new positions in February after adding 239K jobs in the prior month, topping analysts' forecasts for the reading of 205K.

Fri, 09 Mar 2018 15:11:20 GMT

Canada's economy fills 15.4K jobs in February

Canada's economy added 15.4K new positions last month, compared to the drop of 88K in January, whereas analysts anticipated a gain of 21.3K new jobs.

Fri, 09 Mar 2018 14:35:50 GMT

Turkish first $20B nuclear plant faces delay

The Turkish planned $20B Russian-built power factory may not face its deadline of 2023 due to Rosatom's struggles to find local partners.

Fri, 09 Mar 2018 14:28:24 GMT

EU seeks to respond to US steel tariffs

The EU's Trade Chief stated that the bloc sought to be excluded from the US aluminium and steel tariffs, adding it would refer to the WTO to impose measures, in case Washington ignored the request.

Fri, 09 Mar 2018 13:33:49 GMT

Merkel urges US to exclude EU from tariffs

Germany's Chancellor Angela Merkel called on the United States on Friday to exclude the European Union from steel tariffs imposition to defuse trade dispute.

Fri, 09 Mar 2018 13:29:28 GMT

Pope Francis heads to Baltic countries in September

On Friday, the Vatican stated that Pope Francis is planning a visit to the Baltic States in September, for the first time in 25 years.

Fri, 09 Mar 2018 12:27:28 GMT

Blackstone, Shell work on $10B bid for BHP's shale assets

Sky News reported on Thursday that the US private equity firm Blackstone and Shell were seeking for a joint $10B bid for the US shale assets from BHP Billiton.

Fri, 09 Mar 2018 12:23:09 GMT

A1 Telekom Austria accused of breaching data privacy rules

According to the Austrian data protection authority, the part of America Movil's A1 Telekom Austria is accused of violating of data privacy rules, illegally storing its customers' data.

Fri, 09 Mar 2018 11:23:52 GMT

China's metal companies oppose US duties, ask for countermeasures

Companies in the Chinese metal industry said they opposed duties imposed by the Trump administration and urged China to take ‘resolute measures' against imports from the US.

Fri, 09 Mar 2018 11:17:43 GMT

German industrial output declines by 0.1% in January

The German industrial production fell by 0.1% in January, compared to the estimated 0.6% increase, attributed primarily to seasonal factors rather than an economic slowdown.

Fri, 09 Mar 2018 10:23:47 GMT

SPD reveals new Germany's Finance and Foreign Ministers

Germany's Social Democrats Party has revealed the new Finance and Foreign Ministers, appointing Olaf Scholz and Heiko Maas respectively earlier this week.

Fri, 09 Mar 2018 10:13:46 GMT

UBS seeks moving some employees to Frankfurt

The Swiss bank UBS is planning to shift about 200 staff from London to Frankfurt, who got affected by Britain's decision to leave the European Union.

Fri, 09 Mar 2018 09:32:05 GMT

Uber drivers must be licensed in Czech Republic

The Czech Republic Prime Minister stated on Thursday that Uber drivers would need to be licensed and get business certificates to operate in the country.

Fri, 09 Mar 2018 09:17:34 GMT

Trump seeks meeting with North Korea's Kim

The US President Donald Trump stated he was ready to meet the North Korea's leader Kim Jong Un for the first time at the US-North Korea summit.

Fri, 09 Mar 2018 08:34:00 GMT

Ford's car sales in China drop 30% y/y in February

On Friday, Ford Motor reported its China vehicle sales plunged 30% year-on-year, according to the data release for the previous month, as the company continue struggling in the world's biggest car market.

Fri, 09 Mar 2018 08:30:38 GMT

Toshiba aims completing chip unit sale in three months

Toshiba is expecting to complete its $18B memory chip business sale by June or as soon as it awaits China to grant the company an antitrust regulatory approval.

Fri, 09 Mar 2018 07:33:31 GMT

Yamaguchi becomes Kobe Steel's President

On Friday, the Japanese Kobe Steel appointed Mitsugu Yamaguchi as the company's President to replace Hiroya Kawasaki, who said he would resign on April 1.

Fri, 09 Mar 2018 07:28:36 GMT

Japan's Tax Agency director plans to resign

According to Kyodo news agency, the Japanese National Tax Agency head Nobuhisa Sagawa intends to resign, following his alleged links to a cronyism scandal.

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