News

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Tue, 06 Mar 2018 12:55:04 GMT

Target's profit in holiday quarter disappoints analysts

On Tuesday, shares of Target fell 2% in the premarket trading, following a report on the company's profit that missed analysts' estimates for its reading in the holiday quarter.

Tue, 06 Mar 2018 12:54:55 GMT

South African GDP growth stronger than anticipated in Q4

South Africa's GDP grew at the better-than-expected pace in the Q4, boosted by a recovery in trade and agriculture, the reported showed on Tuesday.

Tue, 06 Mar 2018 12:16:57 GMT

PSA Group seeks commitments on e-car charging networks

The boss of PSA Group Carlos Tavares is demanding the EU governments' commitments on development of the electric vehicle charging networks in exchange for the CO2 emissions targets set for 2020-2021.

Tue, 06 Mar 2018 12:10:42 GMT

Elliott Management buys 6% of Telecom Italia

The activist fund investor Elliott Management has acquired 6% of Telecom Italia, seeking to challenge the key shareholder Vivendi by introducing the alternative business plan for Italy's phone group.

Tue, 06 Mar 2018 11:17:50 GMT

Turkey could hike duties on US imports, says Erdogan's adviser

Cemil Ertem, a key adviser to the Turkish President Tayyip Erdogan, said on Tuesday that Turkey could hike duties on cotton imported from the US in response to its steel tariffs.

Tue, 06 Mar 2018 11:10:52 GMT

Hungary's PM: no election budget to remain at deficit target

The Hungarian Prime Minister Viktor Orban told media on Tuesday that the country would not spend resources on election in order to keep the budget deficit at 2.4% of the GDP in 2018.

Tue, 06 Mar 2018 10:25:42 GMT

Nissan, E.ON form partnership on e-car charging

Japan's Nissan and Germany's energy group E.ON entered a strategic alliance, seeking to explore business possibilities in the area of e-car charging, vehicle-to-grid services and storage solutions.

Tue, 06 Mar 2018 10:14:17 GMT

Deutsche Telekom triggers new mobile tariff in Germany

On Tuesday, Deutsche Telekom has launched the first all-you-can-eat mobile deal MagentaMobil XL package in Germany at the price of €79.95, amid company's intention to lift revenues per its user.

Tue, 06 Mar 2018 09:31:41 GMT

Ryanair to exercise all options to buy Boeing 737 jets

On Tuesday, Ryanair's CEO Michael O'Leary stated that his company would use all of the possible options to purchase at least 100 Boeing's 737 MAX jets.

Tue, 06 Mar 2018 09:27:30 GMT

Japan's navy names first woman to lead warship squadron

On Tuesday, the Japanese navy appointed Ryoko Azuma as the first woman who would command four warships, including the Izumo helicopter carrier, with a crew of 1,000.

Tue, 06 Mar 2018 07:59:33 GMT

America Movil gets approval to separate fixed-line units

On Monday, the Mexico telecommunications regulator stated it had approved America Movil's plan to divide part of its fixed-line units into several entities.

Tue, 06 Mar 2018 07:55:59 GMT

Facebook hires ex-Pinterest, BuzzFeed executives

Facebook has hired the former BuzzFeed Studios head Matthew Henick to conduct the global video content and the ex-Pinterest executive Mike Bidgoli to lead Facebook Watch's product team.

Tue, 06 Mar 2018 07:34:49 GMT

US Republic Senator Cochran to quit on April 1

On Tuesday, the US Republican Senator and the Appropriations Committee chairman Thad Cochran stated he would resign from his post on April 1.

Tue, 06 Mar 2018 07:30:31 GMT

Citigroup, DTCC consortium to develop cyber security standards

According to the Financial Times, a consortium formed by Citigroup, Zurich Insurance and Depository Trust & Clearing Corp is set to develop cyber security norms within the following year.

Tue, 06 Mar 2018 06:14:37 GMT

Central bank: inflation in Philippines likely to ease to target in 2019

The Governor of the Central Bank of the Philippines Nestor Espenilla said annual inflation is expected to ease to its target in 2019, thus reducing the possibility of a rate hike.

Tue, 06 Mar 2018 06:09:19 GMT

China to ensure greater market access to foreign investors

China will widen market availability to foreign investors and ease ownership limits in several sectors in 2018, as reported by the National Development and Reform Commission.

Tue, 06 Mar 2018 05:20:49 GMT

Kuroda says downside risks could prevent Japan from reaching inflation target

According to the Governor of the Bank of Japan Haruhiko Kuroda, Japan still experienced some downside risks that could prevent it from reaching the 2% inflation target by March 2020.

Tue, 06 Mar 2018 05:15:36 GMT

China says increase in military spending is proportionate

China's 8.1% rise in military spending in 2018 was proportionate, low and in line with the growth rate of other countries, the China Daily reported on Tuesday.

Tue, 06 Mar 2018 04:29:23 GMT

Trudeau calls Donald Trump about tariffs

Canada's Prime Minister Justin Trudeau called the US President Donald Trump about proposed aluminium and steel tariffs and defended the country's industry and workers.

Tue, 06 Mar 2018 04:28:33 GMT

Ford awaits Brexit clarity to make investment decision for UK

Ford was requiring clarity over trading conditions after Brexit, as the company wanted to decide on future investment in the UK.

Tue, 06 Mar 2018 03:31:31 GMT

RBA holds key interest rate at record low 1.50%

On Tuesday, the Reserve Bank of Australia kept its key interest rate unchanged at a record low of 1.50%, in line with analysts' forecasts.

Tue, 06 Mar 2018 03:28:49 GMT

Australian retail sales rise less than expected in February

The ABS reported that retail sales rose 0.1% in January, after falling 0.5% in the preceding month, while analysts anticipated an increase of 0.4%.

Mon, 05 Mar 2018 21:14:46 GMT

United Airlines stops changes to bonus program after employee discontent

United Airlines would not implement changes to its performance program, as employees were not satisfied with the reduction of regular bonuses, the company said on Monday.

Mon, 05 Mar 2018 21:07:37 GMT

Ireland's PM says US, Canada border not an example

The Irish Prime Minister Leo Varadkar explained that the border between Canada and the United States was not a model for how to resolve the border issue with Northern Ireland.

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