News

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Fri, 18 Jan 2019 17:52:16 GMT

Turkey's CB starts transfer $6.3B profit to shareholders

The Central Bank of Turkey stated that it began to transfer $6.30B worth dividends to shareholder, after it moved forward the Bank's annual general meeting by three months.

Fri, 18 Jan 2019 16:54:02 GMT

Philippines' average inflation settles at 5.2% last year

The full-year average rate of inflation in the Philippines settled at 5.2% in 2018, after the average inflation eased over the fourth quarter, the BSP stated.

Fri, 18 Jan 2019 16:54:00 GMT

EU open to discussing cars in US trade talks

The EU was willing to discuss car tariffs, though is unlikely to remove duties over farming in trade negotiations with the US, the EU trade chief stated.

Fri, 18 Jan 2019 16:14:30 GMT

Brazil's economy to rebound on new reforms

Brazil's sluggish economic expansion is likely to pick up smartly in 2019, as new government implements promised budget-tightening reforms and helps to expand the private sector.

Fri, 18 Jan 2019 16:12:17 GMT

UK May to discuss next steps of Brexit with ministers

The UK Prime Minister Theresa May is set to hold meetings with the top ministers to discuss the way forward over Brexit after the deal with Brussels was rejected by parliament.

Fri, 18 Jan 2019 15:07:21 GMT

Tesla to cut jobs by 7%, sees small Q4 profit

On Friday, Tesla said it would trim its workforce by 7% to curb costs amid the electric carmaker's plans to raise production of the Model 3 sedan's lower priced versions, sending shares down 7%.

Fri, 18 Jan 2019 15:00:56 GMT

Walmart, CVS resolve pharmacy deadlock

The world's biggest retailer Walmart is set to stay as the CVS Health Corp network's part for Medicaid pharmacy and commercial customers, after resolving their contract deadlock issue, the companies announced on Friday.

Fri, 18 Jan 2019 14:39:01 GMT

Yukos Oil's Dutch parts takeover was illegal

On Friday, the Dutch Supreme Court stated that a takeover deal of Yukos Oil's Dutch parts by Russia's state-oil firm Rosneft, which took place in 2007, was illegal.

Fri, 18 Jan 2019 14:36:31 GMT

Trian to miss PPG board challenge this year

Trian Fund Management is not planning to challenge PPG Industries' director board at the shareholder meeting scheduled for 2019, due to new commitments on financial targets and demands.

Fri, 18 Jan 2019 13:39:22 GMT

China Moly to lift stake in Congo Tenke copper mine

On Friday, China Molybdenum announced it would acquire a holding firm in a deal worth $1.14B to lift its control of the Democratic Republic of Congo's Tenke copper mine.

Fri, 18 Jan 2019 13:36:33 GMT

Tencent explores bid for Nexon's holding company

Tencent Holding, China's gaming giant, is weighing an offer for the South Korean gaming firm Nexon's holding company, seeking to enlist co-investors.

Fri, 18 Jan 2019 11:54:30 GMT

Polish Idea Bank plans merger with Getin Noble

Poland's Idea Bank agreed to acquire its competitor Getin Noble Bank in the all-share deal that would create the seventh largest bank in the country.

Fri, 18 Jan 2019 11:54:20 GMT

Nasdaq considers possible bid for Oslo SE

The exchange operator Nasdaq has entered talks with the Oslo stock exchange operator's board over a potential takeover deal, according to the Financial Times.

Fri, 18 Jan 2019 11:03:14 GMT

EU will set tariffs on Chinese e-bikes

European Union officials have revealed that from Saturday import tariffs will be enforced on Chinese e-bicycles. The tariffs are set because the Chinese government has been subsidizing the bikes and flooding the EU market.

Fri, 18 Jan 2019 11:02:30 GMT

Stocks are set for a winning streak

On Friday, global stock indices were set for the best week of gains during the last half a year. The surge was attributed to a report, which revealed that China and the US have made progress in trade talks.

Fri, 18 Jan 2019 10:36:11 GMT

Orange explores possible bid for Euskaltel

France's telecoms group Orange is exploring a bid for its Spanish rival Euskaltel, a potential deal that could consolidate firm's market position as the second-largest in Spain.

Fri, 18 Jan 2019 10:32:36 GMT

Sinopec's marketing unit IPO likely to have selling difficulties

Asia's top refiner Sinopec might experience difficulties in selling a multi-billion-dollar IPO of its fuel marketing unit as investors are pushing back against arm's higher valuation due to tepid equity markets.

Fri, 18 Jan 2019 09:35:42 GMT

Netflix estimates disappoint analysts, shares drop

Netflix reported its Q1 revenue forecast slightly below Wall Street's expectations, despite hitting a record-high number in new customers, sending its shares down 4% in after-hours trading.

Fri, 18 Jan 2019 09:22:18 GMT

Renault sees sales growth in 2019 amid 3.2% gain last year

The French carmaker Renault is targeting a slight growth in sales this year, after posting a 3.2% rise in its 2018 vehicle sales, driven by a new China joint venture, and revived demand in Latin America and Russia.

Fri, 18 Jan 2019 08:26:52 GMT

China's film ticketing platform launches $345M HK IPO

Maoyan Entertainment, the Tencent-backed China film ticketing platform has launched an initial public offering in Hong Kong on Friday, seeking to attract up to $345M.

Fri, 18 Jan 2019 08:19:52 GMT

Schlumberger signs $200M contract with Equinor

Schlumberger has won more than $200M worth contract to manage the oil major Equinor's offshore rig project, as part of the drilling programme in the Campos basin.

Fri, 18 Jan 2019 07:20:51 GMT

PG&E's bankruptcy seen no to affect California's credit rating

On Thursday, Fitch Ratings stated the planned bankruptcy of the US power company PG&E would not affect California's credit quality.

Fri, 18 Jan 2019 07:17:59 GMT

Lampert wins bankruptcy auction to buy Sears for $5.2B

Eddie Lampert, the Sears Holdings chairman, won the bankruptcy auction to acquire the US retailer after offering an improved bid worth $5.2B; however, the company's creditors oppose the deal.

Thu, 17 Jan 2019 21:23:03 GMT

Nissan to lay off workers in Mississippi

Nissan Motor's US arm stated that it plans to lay off nearly 700 contract employees at the company's Mississippi assembly plant, citing slowing sales of Titan pickup trucks and vans.

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