News

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Wed, 11 Sep 2019 06:39:02 GMT

Grab considers multiple mergers to overtake Gojek

The SoftBank-backed ride-hailing Grab is considering to sign merger deals with Indonesia's digital payments firm OVO and Ant Financial-backed DANA, as it seeks to build heft and power with the help of these firms and overtake Gojek.

Wed, 11 Sep 2019 04:57:28 GMT

US lawmakers clash with Trump over border wall and abortion

The US lawmakers renewed fights with the US President Donald Trump on Tuesday over the border wall funding and women's reproductive health programs.

Wed, 11 Sep 2019 03:56:37 GMT

Charles Schwab sets to cut 600 jobs

According to the Wall Street Journal report, Charles Schwab Corp, a discount brokerage company, planned to cut about 3% of its workforce. The company spokesperson confirmed on Tuesday.

Wed, 11 Sep 2019 03:15:43 GMT

UK's Labour Party to create Ministry of Employment Rights

The UK opposition Labour Party has unveiled plans to create the Ministry of Employment Rights, which would deliver greater job security and better wages.

Wed, 11 Sep 2019 01:57:38 GMT

Mexico opens investigation into assets of Bartlett

According to the Mexican government corruption watchdog, Manuel Bartlett, the head of national power utility company, was under investigation over declaration of assets and interests.

Tue, 10 Sep 2019 19:52:26 GMT

US vacancies decline in July

The US job openings dropped for a second month in succession 31K to 7.2M positions in July due to decreases in the federal government and wholesale trade, bolstering views that job rise already peaked, the JOLTS report showed.

Tue, 10 Sep 2019 19:13:48 GMT

Germany to pump $717M into IBM

IBM was joining forces with Germany's research institute to explore the quantum computing's potential in a project backed by the government in Berlin with $717M over two years.

Tue, 10 Sep 2019 17:55:25 GMT

US small-business optimism at lowest since March

Optimism among the US small-business owners declined in August to the lowest in five months, with the NFIB's Index at 103.1 points, below the median estimate.

Tue, 10 Sep 2019 16:56:15 GMT

German construction sector raises sales forecast

The German construction sector lifted its outlook, expecting revenue growth of 8.7% in 2019, remaining the one of the main growth drivers in the economy.

Tue, 10 Sep 2019 15:50:08 GMT

British pay growth reaches 4%

The UK workers received the biggest pay increases in 11 years, as the total earnings growth grew 4% year-on-year, while the jobless rate fell back to the lowest since 1970.

Tue, 10 Sep 2019 15:27:53 GMT

German retailers uphold sales growth forecast

German HDE retail association confirmed its expecations that sales ar elikely to increase 2% this year to $593.34B to mark a tenth year of growth in succession.

Tue, 10 Sep 2019 12:28:35 GMT

Mallinckrodt set for BioVectra uni sale in $250M deal

On Tuesday, Mallinckrodt Plc stated it was set for its BioVectra unit sale to the private equity group H.I.G. Capital in a deal worth up to $250M, after the drugmaker played down its bankruptcy concerns due to opioid litigation uncertainties.

Tue, 10 Sep 2019 10:41:32 GMT

Hungary considers launching 5G service this year

Hungary may roll out its high-speed 5G service already this year if the business goes according to a plan, the UN internet and telecoms agency's head stated on Tuesday.

Tue, 10 Sep 2019 09:27:28 GMT

Asian stocks decline

During Tuesday's Asian trading session, stock indices declined due to the publication of a decline of Chinese producer prices.

Tue, 10 Sep 2019 09:06:41 GMT

German FinMin calls for US-China trade dispute solution

On Tuesday, Germany's Finance Minister Olaf Scholz stated an agreement in the US-China trade dispute was urgently needed, as companies across the world were seeking for an improvement sign.

Tue, 10 Sep 2019 07:48:36 GMT

UK PM Johnson refuses to delay Brexit

On Tuesday, Boris Johnson, the recently-elected British Prime Minister, stated he would not delay Brexit planned for October 31, despite the lawmakers have rejected his request for an early national election for the second time this week.

Tue, 10 Sep 2019 07:38:46 GMT

Repsol considers to acquire Exxon assets in Gulf of Mexico

Repsol SA, the Spanish oil giant, has entered talks to acquire Exxon Mobil's deepwater assets in the US Gulf of Mexico in a potential deal worth around $1.0B, according to sources with the knowledge of the matter.

Tue, 10 Sep 2019 06:02:52 GMT

Facebook lawsuit proceeds

On Monday, a US Federal Judge issued the order to Facebook to face most of its US lawsuits that seek compensation for private data being sold to third parties.

Tue, 10 Sep 2019 04:59:03 GMT

Australian pension funds invest abroad

On Tuesday, Reuters published the opinion of an Australian asset manager, which stated that nearly $168 billion of pension fund money would flow abroad due to lack of local investment options.

Tue, 10 Sep 2019 04:24:55 GMT

Oil reaches high level

During Tuesday's Asian trading session, crude oil price benchmarks reached a six-week high level.

Mon, 09 Sep 2019 19:55:01 GMT

Bloomberg, Goldman Sachs tie up over foreign exchange analytics

Bloomberg and Goldman Sachs Group are teaming up to feature the investment lender's trading analytics on a service, launched on Monday by the financial information firm, for forex trades that are made by using algorithms on Bloomberg's terminal.

Mon, 09 Sep 2019 18:54:26 GMT

Uber Eats leaves South Korea as competition toughens

Uber Technologies' restaurant delivery business Uber Eats announced on Monday it would discontinue its service in South Korea due to toughening competition in one of the world's largest online food delivery markets.

Mon, 09 Sep 2019 17:47:58 GMT

EasyJet expresses interest in Aigle Azur-owned Orly operations

The British airline easyJet has confirmed its interest on Monday in the collapsed carrier Aigle Azur-owned operations at the Paris Orly airport, as the airline had filed for bankruptcy, suspending its flights last week and leaving 19K of passengers stranded.

Mon, 09 Sep 2019 15:55:09 GMT

British economy unexpectedly strong in July

The UK economy expanded more than anticipated July,with a 0.3% rise in output, the ONS reported on Monday, dampening fears of the first recession since the crisis as the Brexit crisis escalated.

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