News

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Tue, 04 Jun 2019 09:06:05 GMT

US plans 34 surveillance drones sale to allies

Trump's Administration will sell 34 surveillance drones to its four allies in the South China Sea region on the back of the Defence Secretary Patrick Shanahan's statement that Washington would no longer indulge the Chinese behaviour in Asia.

Tue, 04 Jun 2019 08:24:06 GMT

France's Kapten appoints new Chief Executive

France's ride-hailing app Kapten is set to appoint Sebastien Oebel as the firm's new Chief Executive Officer on the back of the co-founders stepping down from the company.

Tue, 04 Jun 2019 07:13:07 GMT

VW seeks dual listing of Traton's minority stake

Volkswagen is seeking dual listing of its minority stake in the trucks unit Traton on the Nasdaq Stockholm and Frankfurt stock exchanges, planning to complete the IPO before summer break.

Tue, 04 Jun 2019 06:38:36 GMT

PayPal invests $11.2M in Sweden's Tink

PayPal Holdings has a made a $11.2M investment into the Swedish financial tech start-up Tink, seeking to use its technology to allow their customers to link their bank accounts with their PayPal accounts.

Tue, 04 Jun 2019 04:40:07 GMT

US intends to probe tech giants

On Tuesday, it was announced that the US government is preparing to investigate the abuse of market power by tech giants like Amazon, Google, Facebook and Apple.

Tue, 04 Jun 2019 04:31:07 GMT

Dollar drops to low level

On Tuesday, the USD reached a new low level against its peer currencies. The move was attributed to rising expectations of a Federal Reserve rate cut.

Tue, 04 Jun 2019 02:28:35 GMT

South Korean GDP revised down in Q1

South Korea's economic growth declined more than initially expected in the March quarter, while core inflation weakened to near the lowest level in 20 years in May, data revealed, adding pressure for the Central Bank to cut interest rates.

Mon, 03 Jun 2019 20:03:59 GMT

Conte threatens to resign

Giuseppe Conte, the Italian Prime Minister, threatened to resign on Monday, telling his right-wing populists and anti-establishment lawmakers to end their feud.

Mon, 03 Jun 2019 19:06:13 GMT

FTC secures right to investigate Facebook

On Monday, the Wall Street Journal reported that the US Federal Trade Commission had won the right to investigate how Facebook's practices affect the company's digital competition.

Mon, 03 Jun 2019 18:34:57 GMT

Johnson vows UK will leave EU on Oct. 31

The British Prime Minister candidate Boris Johnson has vowed on Monday that Britain would leave the European Union on October 31 with an exit deal or without it, following Theresa May's failure to deliver the Brexit deal on schedule.

Mon, 03 Jun 2019 17:30:40 GMT

Alphabet's shares drop on potential DoJ antitrust inquiry

On Monday, Alphabet's shares tumbled 7% on reports about the US Justice Department potential investigation into Google for hampering competition, representing the Trump Administration's latest attack on the tech giant accusing it of suppressing the conservative voices online.

Mon, 03 Jun 2019 16:35:23 GMT

Nissan expresses optimism on FCA partnership

Nissan Motor has expressed its optimism over partnership with a combined Fiat Chrysler and Renault as long as the company can protect its technology ownership developed within 20 years of working with the French carmaker, Nissan's senior executive stated on Monday.

Mon, 03 Jun 2019 15:27:22 GMT

Blackstone to acquire US warehouse assets for $18.7B

Blackstone Group is planning an acquisition of the US industrial warehouse assets from Singapore's logistics provider GLP in the biggest private real estate global deal worth $18.7B.

Mon, 03 Jun 2019 13:52:23 GMT

Infineon announced ten billion deal

On Monday, Infineon announced that the company has agreed to acquire Cypress Semiconductors in a deal valued more than ten billion USD.

Mon, 03 Jun 2019 12:53:47 GMT

Goldman Sachs buys Capital Vision Services

On Monday, Goldman Sachs announced that a subsidiary owned by the bank will acquire Capital Vision Services, which manages MyEyeDr centres.

Mon, 03 Jun 2019 12:03:40 GMT

Russia might increase FX purchases

The results of a Reuters poll on Monday revealed that a majority of surveyed financiers expect Russia to increase state currency purchases in June.

Mon, 03 Jun 2019 10:42:30 GMT

Donald Trump visits London

On Monday, the US President Donald Trump started a state visit of the United Kingdom. During the visit the President was laying out his views on Brexit, Huawei and the possible next leaders of Britain.

Mon, 03 Jun 2019 10:09:03 GMT

Saudi Arabia comments on OPEC+

On Monday, the Energy Minister of Saudi Arabia Khalid al-Falih announced that OPEC+ is most likely going to reach a consensus in the second half of the year.

Mon, 03 Jun 2019 05:04:13 GMT

Hassett, President Trump's top economist, to leave WH

The US President Donald Trump announced on Sunday that Kevin Hassett, the White House senior Economic Adviser, is stepping down.

Mon, 03 Jun 2019 03:59:43 GMT

Infineon Technologies to acquire Cypress Semiconductor

Bloomberg reported on Sunday, citing two sources with knowledge the matter, Germany's Infineon Technologies is close to a deal to purchase Cypress Semiconductor Corp.

Mon, 03 Jun 2019 03:31:35 GMT

China's factory activity expands at steady pace

China's manufacturing activity grew at a steady pace in May, while export orders recovered from a decline, a private business survey revealed, though the overall economic outlook was mixed as factory prices stalled and output slipped.

Sun, 02 Jun 2019 20:15:12 GMT

Google likely fo face federal investigation

According to a source with the knowledge of the matter, the US Department of Justice could start an antitrust investigation against Google and its search practices.

Sun, 02 Jun 2019 19:24:16 GMT

Mexico wants to stay friends with US

The President of Mexico Lopez Obrador stated on Sunday that he wanted to keep friendly relations with the White House and the American people, though he was ready to protect the interests of his own country.

Sun, 02 Jun 2019 18:20:24 GMT

US says dispute with Mexico not to affect NAFTA

The acting White House Chief of Staff Mick Mulvaney stated on Sunday that a possible increase of tariffs on Mexican goods would not affect finalization of the new North American Trade Agreement (NAFTA).

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