News

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Tue, 25 Jun 2019 02:36:30 GMT

Nissan postpones alliance talks

On Tuesday, Nissan announced that the company will postpone alliance talks with Renault to focus on recovery.

Mon, 24 Jun 2019 19:49:36 GMT

Huawei's US research subsidiary separates

On Monday, Reuters revealed that the US based Huawei research subsidiary Futurewei Technologies has made a move to separate its identity from its corporate owner.

Mon, 24 Jun 2019 19:18:24 GMT

Swiss government threatens EU

On Monday, following the ban of Swiss shares being traded in the EU, the Swiss government announced that it is ready to ban Swiss stocks from EU exchanges.

Mon, 24 Jun 2019 17:57:36 GMT

FedEx apologises for another Huawei delivery "mistake"

On Monday, FedEx Corp has confirmed that Huawei Technologies mail ban as a new mistake, as the company apologised for not delivering another Huawei phone to the United States.

Mon, 24 Jun 2019 16:53:05 GMT

Lufthansa will look at ordering Airbus's new long-range

On Monday, Lufthansa's Chief Executive Officer Carsten Spohr said that the company would look at ordering the new Airbus A321XLR aircraft.

Mon, 24 Jun 2019 15:58:09 GMT

Lufthansa's budget airline Eurowings eyes cost cuts

Eurowings, the Lufthansa budget airline, announced on Monday that it would cut cost by 15% during the next three years, as the company plan to return to profit by 2021.

Mon, 24 Jun 2019 15:00:53 GMT

Crude oil prices decline on Monday

On Monday, crude oil prices edged lower, amid concerns about the shortage of demand, after last week's gains on Middle East tensions.

Mon, 24 Jun 2019 13:49:25 GMT

Turkish assets rally on opposition win

On Monday, as the Turkish opposition won the repeat Istanbul elections, all Turkish assets, including the Lira surged.

Mon, 24 Jun 2019 12:41:30 GMT

Nomura shareholders keep CEO

On Monday, Nomura Holdings shareholders voted to re-appoint the corporations Chief Executive Officer Koji Nagai despite opposition from various advisory firms.

Mon, 24 Jun 2019 11:40:34 GMT

Daimler issues profit warning

On Sunday, the Mercedes Benz maker Daimler decreased its 2019 earnings forecast. The cut was made due to hundreds of millions of losses related to diesel vehicles.

Mon, 24 Jun 2019 11:19:13 GMT

European shares decline

During Monday's European trading session, European stock indices declined. The move was attributed to the recent surge of the Euro and a profit warning announced by Daimler.

Mon, 24 Jun 2019 09:54:02 GMT

China comments on FedEx case

China's Foreign Minister announced on Monday that FedEx has to provide proper explanations to Huawei about the recent refusal to ship Huawei phone from the UK to United States.

Mon, 24 Jun 2019 08:48:16 GMT

USD struggles on Monday

On Monday morning, the US Dollar continued its previous week's decline. The USD has suffered its largest drop in four months.

Mon, 24 Jun 2019 08:07:10 GMT

Eldorado Resorts buys Caesars for $18 billion

On Monday, the US casino operator firm Eldorado Resorts announced that it is merging with Caesars Entertainment Corporation. Eldorado will buy Caesars for $18 billion.

Mon, 24 Jun 2019 06:56:32 GMT

Lufthansa pegs dividend to profits

The German carrier Lufthansa announced on Monday that it will peg the company's dividend pay ratio to its net profits.

Mon, 24 Jun 2019 06:34:30 GMT

Oil prices extend gains

On Monday, crude oil prices continued the surge that started last week. Financial media attributed the surge to US-Iran tensions.

Mon, 24 Jun 2019 02:34:46 GMT

Chinese overnight rate reaches record low

On the night to Monday, the Chinese volume weighted average benchmark overnight repo rate for banks fell below one percent, which is the lowest level in the last decade.

Mon, 24 Jun 2019 02:28:10 GMT

Indian CB Deputy Governor quits

On Monday, it was announced that Viral Acharya, who is the Deputy Governor of Reserve Bank of India, has resigned six months before schedule.

Sun, 23 Jun 2019 18:51:08 GMT

Trump says he never threatened to demote Fed's Chair

On Sunday, the US President Donald Trump said he never threatened to demote the US Federal Reserve's Chairman Jerome Powell, though he has the power to do so.

Sun, 23 Jun 2019 17:59:55 GMT

US launched retaliatory cyber-attack against Iran

According to a US official and a former US intelligence official with knowledge of the matter, the US Cyber Command (USCC) launched a cyber-attack last week on Iran's weapons systems.

Sun, 23 Jun 2019 17:03:48 GMT

President Xi plans to attend G20 summit

According to the state-run Xinhua news agency report, the Chinese President Xi Jinping is set to attend the G20 summit in Osaka, Japan on June 27-29.

Sun, 23 Jun 2019 15:58:17 GMT

Trump to postpone mass deportation raids

On Saturday, the US President Donald Trump said that he would delay the mass deportation of illegal migrants for two weeks, as he seeks a deal with Democrats.

Sun, 23 Jun 2019 14:50:24 GMT

Johnson reaffirms desire to leave EU by Oct 31

The favourite to be the next UK's Prime Minister Boris Johnson has reaffirmed his desire to exit the European Union with or without an agreement by October 31.

Sun, 23 Jun 2019 13:56:44 GMT

North Korea's Kim receives "personal letter" from Trump

According to the North Korea state news agency KCNA, the North Korean leader Kim Jong Un has received a "personal letter" from the US President Donald Trump.

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