News

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Thu, 07 Mar 2019 07:54:04 GMT

National Grid to acquire US solar energy developer

On Thursday, National Grid, the electricity & gas utility firm, said it had agreed to acquire Geronimo Energy, the US solar and wind energy developer, in a deal valued no less than at $100M.

Thu, 07 Mar 2019 07:50:38 GMT

Giant-backed healthcare JV to be called Haven

JPMorgan Chase & Co, Berkshire Hathaway and Amazon.com announced their healthcare joint venture had been given a name Haven, the company that would focus on simpler insurance benefits, better access to primary care and affordable prescription drugs necessary for their employees.

Thu, 07 Mar 2019 07:39:18 GMT

GE considers to sell stake in JV Enel

General Electric is considering to sell its 50% stake in the renewable energy JV with Italy's Enel, which would potentially help the company's CEO Lawrence Culp to pay down a debt.

Thu, 07 Mar 2019 07:36:09 GMT

NBA plans content offer via Alibaba platforms

The National Basketball Association is set to offer its Chinese fans the original programming and easy way to purchase league gear via the e-commerce giant Alibaba, it announced on Wednesday.

Thu, 07 Mar 2019 04:51:52 GMT

China's exports likely falling markedly in Feruary

China's exports likely contracted by most in two years in February, while imports declined for a third month in succession, a Reuters poll revealed, heightening anxiety on whether Beijing and Washington can resolve differences over trade.

Thu, 07 Mar 2019 04:51:44 GMT

Intesa sticks by business plan targets in spite of economic slowdown

Italy's largest retail bank Intesa Sanpaolo confirmed targets set in February 2017 under a business plan to 2021 in spite of the country's worsening economy, the CEO said.

Thu, 07 Mar 2019 04:21:42 GMT

Uber to extend operations in Germany this year

Ride-hailing firm Uber Technologies announced plans to expand into additional cities in Germany in 2019, the company's European Chief told a newspaper.

Thu, 07 Mar 2019 04:16:22 GMT

China to collect profits from country's financial institutions

China's Finance Minister stated that the government is set to collect higher profits from certain financial institutions owned by the state and centrally-owned firms, aiming to support fiscal revenue.

Thu, 07 Mar 2019 03:35:58 GMT

Amazon to close pop-up stores in US, focus on book stores

Amazon.com is expected close all of pop-up stores in the United States and focus on opening book stores, the company's spokesperson stated.

Thu, 07 Mar 2019 03:32:19 GMT

Hyundai to suspend production at China's plant

Hyundai Motor was considering a plan to suspend production at the oldest plant in China, the carmaker stated, as the company reels from falling sales and massive overcapacity in the biggest market.

Wed, 06 Mar 2019 21:16:40 GMT

India to export $75B in gems, jewellery

India plans to export $75B in gems and jewellery by the year 2025, the Union Minister for Commerce and Industry Suresh Prabhu says.

Wed, 06 Mar 2019 21:15:57 GMT

BB&T to return $5M to investors

BB&T Securities agreed to return $5M to investors as the company misled clients about the cost of services, the US Securities and Exchange Commission reports.

Wed, 06 Mar 2019 20:34:32 GMT

Vietnam motorbike imports increase

Vietnam has imported $114M of motorbikes and their components in the first two months of 2019, an increase of 41.5% compared to 2018, the Ministry of Industry and Trade reports.

Wed, 06 Mar 2019 20:34:24 GMT

Number of road passengers rises in North Macedonia

The number of road passengers in North Macedonia increased 12.4% in the fourth quarter of 2018, compared to 2017, the State Statistical Office reports.

Wed, 06 Mar 2019 18:53:42 GMT

Vietnam e-commerce expands

The e-commerce sector in Vietnam reached $2.26B in 2018, an increase of 30% compared to the prior year, the German market research company Statista reports.

Wed, 06 Mar 2019 18:52:50 GMT

US trade deficit reaches 10-year high

The US trade deficit reached $621B in 2018, the highest level in ten years, data released by the US Department of Commerce shows.

Wed, 06 Mar 2019 18:27:58 GMT

Chinese e-commerce platform files for US IPO

The Chinese e-commerce platform Ruhnn Holding plans to raise up to $200M in an IPO, the US Securities and Exchange Commission data shows.

Wed, 06 Mar 2019 18:27:21 GMT

Iran non-oil trade reaches $29.63B

Iran's non-oil trade with the members of the Organization of Islamic Cooperation reached $29.63B in the first ten months of the fiscal year, the government reports.

Wed, 06 Mar 2019 17:28:22 GMT

US trade deficit at ten-year high in 2018

The US trade deficit increased to $621B in the year of 2018, the highest level in a decade, data released on Wednesday by the US Commerce Department revealed.

Wed, 06 Mar 2019 17:26:11 GMT

OECD cuts global growth forecast for this year

The OECD stated that the anticipated weak economic performance, notably in the EZ, coupled with protectionism risks, is likely to weigh on global growth in 2-19 and 2020.

Wed, 06 Mar 2019 15:59:25 GMT

Atlanta Fed: US GDP growth view up to 0.5% in Q1

The US economy was growing at a 0.5% annualised rate in the March quarter, based on the recent monthly data over government spending, the Atlanta Fed's GDPNow forecast model revealed.

Wed, 06 Mar 2019 15:53:54 GMT

US sanctions prevent VW from buying stake in GAZ

Volkswagen was unable to buy the stake in Russia's automaker GAZ, as the company is under the US sanctions and negotiates over a deal that has been suspended, the RIA news agency reported.

Wed, 06 Mar 2019 15:34:38 GMT

Sprint-T-Mobile deal hearing to take place on March 12

The US House lawmakers are set to hold a hearing on March 12 to review the proposed $26M merger deal between Sprint Corp and T-Mobile US, the Congress announced on Wednesday.

Wed, 06 Mar 2019 15:29:57 GMT

China online retailers cut iPhone prices again

China's online retailers have slashed prices on Apple's iPhones for another time during the current year, as the US tech giant struggles with a prolonged slowdown in its Chinese sales.

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