News

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Fri, 15 Dec 2017 04:28:23 GMT

Disney buys Fox TV, film units for $52B

Walt Disney struck a deal to buy TV, film and international business from 21st Century Fox for $52.4 in stock, to make it able to compete with growing rivals Netflix and Amazon.com.

Fri, 15 Dec 2017 03:00:01 GMT

Japan's manufacturers mood reaches 11-year high in Q4

Japan's business confidence strengthened for the fifth quarter in succession in Q4 to reach an 11-year high, as the economy gathered momentum from higher corporate profits and robust exports.

Fri, 15 Dec 2017 02:59:11 GMT

Trump talks over North Korea issue with Russia's Putin

The US President Donald Trump spoke by phone with Russian counterpart Vladimir Putin over the dangerous situation in North Korea and agreed on cooperation to resolve it.

Thu, 14 Dec 2017 20:58:14 GMT

Steinhoff's CEO to resign

The South African retail company Steinhoff said on Thursday that its major shareholder and CEO Christo Wiese was going to resign from his position.

Thu, 14 Dec 2017 20:57:25 GMT

Brazil to delay vote on social benefits until February

Brazil was to delay a bill intended to reduce social benefits until February 19, 2018, a representative from the country's Congress said on Thursday.

Thu, 14 Dec 2017 19:56:39 GMT

BoC Governor confident about Canada's economy

The Governor of the Bank of Canada Stephen Poloz noted on Thursday that the Canadian economy was close to its full potential, thus requiring less stimulus in the future.

Thu, 14 Dec 2017 19:56:18 GMT

Bank of Mexico raises interest rate to 7.25%

The Bank of Mexico increased its borrowing rate by 25 basis points to 7.25% on Thursday to reduce inflationary risks.

Thu, 14 Dec 2017 19:07:31 GMT

Teva Pharm to close plants and cut workforce to pay off debts

Teva Pharmaceutical has aimed to sell manufacturing plants, lay off at least 25% of its workforce and suspend dividends on ordinary shares to deal with its debts.

Thu, 14 Dec 2017 19:01:09 GMT

Value of Spotify hits $19B

The value of Spotify has inched 20% higher and reached $19B during the last few months ahead of filing for the NYSE listing, outperforming many European and US tech indexes.

Thu, 14 Dec 2017 18:10:21 GMT

Luxottica and Essilor sets to win EU approval on €48B merger

Italian Luxottica, eyewear maker, and French Essilor, lens manufacturer, are set to get the unconditional EU antitrust approval for the merger, which is worth €48B.

Thu, 14 Dec 2017 18:07:24 GMT

Renault invests €36M in Alpine production

Renault has invested €36M in plant capacity to build approximately 6,000 sports vehicles annually under Alpine brand, as it launched a new production line in Dieppe, France.

Thu, 14 Dec 2017 17:06:11 GMT

Euro zone bond yields drop, ECB cuts bind-buying scheme

The Euro zone government bond yields moved closer to multi-months lows as the ECB aimed to cut the bond-buying scheme, making it unclear if sharp corrections are due in 2018.

Thu, 14 Dec 2017 17:01:06 GMT

Saudi Aramco to regain market and implement expansion strategy

Saudi Aramco has aimed to regain the lost market share as soon as the OPEC-led pact terminates, as well as the company will push ahead expansion strategy to compete with Big Oil.

Thu, 14 Dec 2017 16:22:11 GMT

Canadian home sales surge in November

According to Canadian Real Estate Association, the home sales edged up in November, while the forecast for 2018 prices and sales were lowered amid stricter mortgage rules.

Thu, 14 Dec 2017 16:11:52 GMT

US business inventories drop in October amid sales growth

The US business inventories dropped in October due to sales growth, pointing out that inventory investment would not boost the economic growth during the fourth quarter of 2017.

Thu, 14 Dec 2017 15:34:21 GMT

Merkel sees good chance to launch Brexit talks' next phase

Germany's Chancellor Angela Merkel stated on Thursday that she considered there was a great chance to start the next phase of the Brexit talks.

Thu, 14 Dec 2017 15:22:19 GMT

ECB expects GDP and inflation to rise

On Thursday, the European Central Bank surged its GDP and inflation estimates, seeing inflation at 1.7% in 2020 and the GDP at 2.3% versus the previous forecast of 1.8%.

Thu, 14 Dec 2017 14:26:37 GMT

US imports jump in November on petroleum products cost

Import prices in the United States surged 0.7% in November, following the prior month's downwardly revised 0.1% gain, driven by the increased costs of the imported petroleum products.

Thu, 14 Dec 2017 14:03:57 GMT

China not to allow war on Korean peninsula

China's President Xi Jinping stated that war must be avoided on the Korean Peninsula, adding that the issue should be resolved through the peace talks.

Thu, 14 Dec 2017 13:32:51 GMT

Delta Air Lines seeks to order over 100 Airbus jets

Delta Air Lines announced it would place a firm order for about 100 Airbus A321neo planes and optional order for 100 more jets.

Thu, 14 Dec 2017 12:19:27 GMT

Austria's Kurz expects to reach coalition deal by Christmas

The leader of the Austrian Conservatives Sebastian Kurz stated on Thursday that he expected to reach a deal on a new government formation with the far-right Freedom Party by the next week.

Thu, 14 Dec 2017 12:11:18 GMT

Netanyahu calls Teva Pharm to reduce job loss in Israel

Israel's Prime Minister Benjamin Netanyahu called Teva Pharmaceuticals on Thursday to minimise its layoffs and maintain Teva's identity as the Israeli firm.

Thu, 14 Dec 2017 11:26:31 GMT

Saudi Arabia, Russia sign roadmap for atomic energy cooperation

Saudi Arabia and Russia signed a roadmap deal to cooperate in the atomic energy sector, the Russian nuclear company Rosatom reported on Thursday.

Thu, 14 Dec 2017 11:13:18 GMT

Zimbabwe's Mnangagwa urges for Western sanctions end

The new President of Zimbabwe Emmerson Mnangagwa called for the Western sanctions removal, saying that the 2018 elections were closer than "you expected".

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