News

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Fri, 31 May 2019 08:38:35 GMT

Carmakers hit as EU shares drop on Trump's Mexico tariffs

On Friday, the EU shares dropped to over three-month low, led by the automakers Fiat Chrysler and Volkswagen, after the US President Donald Trump had vowed he would impose tariffs on Mexico's imports, escalating global trade tensions.

Fri, 31 May 2019 07:35:27 GMT

CBS board seeks merger with Viacom

CBS Corp board is expected to enter merger negotiations with the Viacom media company in the middle of June, CNBC reported, sending Viacom's shares up 3.5% to $28.72 on Thursday due to the news.

Fri, 31 May 2019 06:39:00 GMT

Amazon considers buying Boost from Sprint, T-Mobile

Amazon.com has expressed its interest in acquiring Boost Mobile, the pre-paid cellphone wireless service, owned by Sprint and T-Mobile, according to sources.

Fri, 31 May 2019 04:29:01 GMT

Trump threatens to raise tariffs for Mexico

The US President Donald Trump stated on Thursday that he would increase tariffs on all goods originating from Mexico by 5% if the neighbour did not stop the flow of illegal immigrants.

Fri, 31 May 2019 03:33:41 GMT

China's factory activity weakens in May

China's factory activity slumped more than expected, rising pressure on Beijing to implement more stimulus to support the economy hit hard by the trade war with the US.

Thu, 30 May 2019 20:14:24 GMT

Mexico's Lozoya faces money laundering charges

According to the Reforma newspaper, the former CEO of Mexican state oil firm Pemex Emilio Lozoya is wanted by state authorities for alleged money laundering.

Thu, 30 May 2019 19:18:51 GMT

Juul thinks to open stores in US

According to a source familiar with the matter, Juul Labs Inc, the US e-cigarettes brand, was considering an option of opening a chain of retail stores in the United States for adult customers.

Thu, 30 May 2019 18:20:04 GMT

US Fed buys $29M MBS

According to a government data, this week the US Federal Reserve has acquired mortgage-backed securities (MBS) worth $29M, compared to $67M bought in the week before.

Thu, 30 May 2019 17:31:42 GMT

GM to invest $24M in Fort Wayne factory

General Motors announced that it would invest $24M to increase production of full-size trucks at its assembly factory in Indiana's city Fort Wayne, which makes GM's GMC Sierra and Chevrolet Silverado models.

Thu, 30 May 2019 15:51:32 GMT

Brazilian GDP growth weakens in Q1

The Brazilian economy shrank in the March quarter for the first time in three years, data revealed, pushing the largest economy of Latin America closer to a recession.

Thu, 30 May 2019 15:22:29 GMT

Heineken to invest about £110M in Brazil

Heineken NV is set to invest £110M to renovate the company's four plants in Sao Paulo, the most populated stated in Brazil, the statement revealed.

Thu, 30 May 2019 14:20:26 GMT

US economy boosts in Q1 to 3.1%

The US economic growth has accelerated by 3.1% in the Q1, missing the forecast modestly, with a slight decrease from the previous downwardly revised reading of 3.2% jump.

Thu, 30 May 2019 13:38:46 GMT

China seeks to meet higher demand for rare earth

China is planning to receive reasonable demand for its rare earth from various countries, but finds it unacceptable that any state would use China's rare earth to develop products that could possibly to suppress and turn down the Asian country.

Thu, 30 May 2019 12:31:21 GMT

Netanyahu fails to form government, triggers new vote

On Thursday, Israel's lawmakers have voted for the Parliament dissolution, triggering new election as Benjamin Netanyahu, the country's Prime Minister, failed to establish a coalition government when the midnight deadline came.

Thu, 30 May 2019 11:13:42 GMT

Watches of Switzerland stock rises 15%

Watches of Switzerland shares surged as much as 15 percent to 315 pence per each due to its London Stock Exchange debut this Thursday from the company's initial price set at 270 pence.

Thu, 30 May 2019 09:55:38 GMT

Delek's Ithaca to acquire Chevron's UK North Sea fields

On Thursday, Israel's Delek Group announced its Ithaca Energy division reached an agreement to acquire Chevron's UK North Sea gas and oil fields in a deal valued at $2.0B.

Thu, 30 May 2019 09:23:32 GMT

Axel Springer's shares rise on KKR possible investment

On Thursday, shares of Axel Springer soared by 20% after controlling shareholders of the German publisher launched talks with KKR, the private equity house, over a possible strategic investment into the business.

Thu, 30 May 2019 08:34:24 GMT

Transneft to compensate Russia firms over tainted oil

Transneft has agreed with the Russian oil firm on a potential compensation formula over the tainted oil, which was contaminated being in transit shipping through the Druzhba pipeline, according to Kommersant daily.

Thu, 30 May 2019 07:31:33 GMT

Corbyn sees new Brexit vote to be about terms

Jeremy Corbyn, the UK Labour Party leader, stated that he expected any new referendum on Brexit to be about the deal terms agreed with the EU bloc, not repeating of the 2016 "Leave" or "Remain" choice.

Thu, 30 May 2019 06:25:43 GMT

Vision Fund to borrow $4.0B in Uber and two more firms

SoftBank-owned Vision Fund is planning to borrow $4.0B against the stakes in three companies, such as Uber Technologies, Guardant Health and Slack Technologies, according the Financial Times.

Thu, 30 May 2019 05:05:52 GMT

Saudi Arabia to rise crude prices for Asia

Saudi Arabia, the top oil exporter, is expected to increase prices for all grades of crude the country sells to Asia for a third month in succession in July, after a jump in Middle East crude benchmarks.

Thu, 30 May 2019 03:55:59 GMT

PVH cuts annual profit forecast

PVH cut the annual profit forecast by $0.10 a share as the Tommy Hilfiger and Calvin Klein owner grapples with tariffs and slowing retail growth, causing 12% decline in shares after hours.

Thu, 30 May 2019 03:25:15 GMT

New Zealand reveals spending boost in budget

New Zealand revealed plans to spend up to $2.47B a year under the ‘well-being' approach, which the country's government touted as a new option of budgeting, which moves beyond measuring only economic growth.

Wed, 29 May 2019 20:32:49 GMT

Mexico CB expects sub-1% growth

The Central Bank of Mexico cut the growth forecast for 2019, opening the door to the possibility that the second-largest economy of Latin America is likely to grow less than 1% due to weak industrial production.

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