News

Note: This section contains information in English only.
Fri, 16 Nov 2018 09:04:50 GMT

Britain's Kier confident of meeting annual expectations

On Friday, the UK builder Kier Group stated it was set to meet its full-year expectations amid a robust second half, saying it was confident of shrugging off the hit to construction sector caused by Brexit.

Fri, 16 Nov 2018 07:51:45 GMT

Bahrain closes $912M deal with Bell Helicopter

Bahrain has clinched a $912M agreement to acquire twelve AH-1Z Viper helicopters from the US aerospace manufacturer Bell Helicopter Textron, according to a Bahrain News outlet's report.

Fri, 16 Nov 2018 07:51:15 GMT

ABB in talks over Power Grids sale

ABB is in negotiations with at least three Asian suitors, Mitsubishi Electric, Hitachi and China's State Grid, over a potential sale of the Swiss engineering firm's power grids business.

Fri, 16 Nov 2018 07:38:00 GMT

Jet Airways shares jump on Tata rescue deal

On Thursday, shares of the Indian carrier Jet Airways surged 25% on reports that the struggling airline will be rescued by India's Tata Sons.

Fri, 16 Nov 2018 06:09:25 GMT

Oil prices continue recovering

Crude oil prices surged by 38 cents or 0.7% on Friday morning, reaching $56.84 per barrel, amid widely expected beginning of supply limitation by members of the OPEC.

Fri, 16 Nov 2018 06:05:20 GMT

China investigates actions of Japanese manufacturers

Several Japanese manufacturers, such as Fanuc Corp and Brother Industries Ltd, came under investigation of the China's Ministry of Commerce for supposed dumping of machine tools.

Fri, 16 Nov 2018 04:12:00 GMT

Indian house prices to grow at half rate of inflation next year

House prices in India are expected to rise at half the rate of consumer inflation in 2019, hit by dwindling credit supply, a Reuters poll said, adding that the national capital Delhi is likely to be hit hardest.

Fri, 16 Nov 2018 04:08:19 GMT

Fed to review how it pursues employment, inflation targets

The Federal Reserve, under pressure from the White House, while it hit inflation and employment goals, is set to conduct a review in 2019, how it guides the US economy, seeking to become more open and accountable.

Thu, 15 Nov 2018 21:25:05 GMT

Wells Fargo plans 1K job cuts in US

Wells Fargo & Co stated that it notified nearly 1K employees in its Virtual Solutions and Innovations, Consumer Lending and Payments groups of plans to eliminate positions.

Thu, 15 Nov 2018 21:23:25 GMT

Tesla cuts prices of home solar systems to encourage sales

Tesla cut prices on residential solar systems by 25% in a bid to spur lagging sales after the firm streamlined marketing and sales organisation, company's official stated.

Thu, 15 Nov 2018 19:55:39 GMT

USDA pays $840M in aid to farmers

On Thursday, the US Department of Agriculture said that it has paid out approximately $840 million in aid to farmers.

Thu, 15 Nov 2018 19:55:08 GMT

UK's PM May promises to push for her draft Brexit deal

On Thursday, the UK Prime Minister Theresa May promised to fight for the draft Brexit deal with the European Union.

Thu, 15 Nov 2018 19:02:20 GMT

Sweden's Parliament asks Centre Party leader to lead government talks

The Speaker of Sweden's Parliament Andreas Norlen has asked the leader of the Swedish Centre Party Annie Loof to find a way to break the country's political deadlock.

Thu, 15 Nov 2018 19:01:13 GMT

British Pound tumbles on Brexit concerns

On Thursday, the Pound Sterling edged lower against a basket of currencies, as the Brexit uncertainty weighed heavily on bond and equity markets.

Thu, 15 Nov 2018 18:04:10 GMT

Britain's financial services alarm over draft Brexit deal

UK's political chaos inflicted fresh injury to the British financial services on Thursday, as the financial industry received the news of a draft Brexit agreement with uncertainty.

Thu, 15 Nov 2018 18:03:34 GMT

Business leaders express concern over Brexit agreement

On Thursday, business leaders expressed concern over the draft Brexit deal, perceived as the only way of maintaining stability in the EU-UK trading relations.

Thu, 15 Nov 2018 17:00:15 GMT

UK's Brexit Secretary Raab resigns on Thursday

The UK Brexit Secretary Dominic Raab has resigned from his position on Thursday, in protest over the draft Brexit deal.

Thu, 15 Nov 2018 16:59:36 GMT

US stocks decline on Thursday

Wall Street edged lower on Thursday, as the Brexit related concerns and a bunch of weak earnings sparked the sixth consecutive days of selling.

Thu, 15 Nov 2018 16:37:39 GMT

British Environment Secretary wants to renegotiate Brexit

Michael Gove, the UK Environment Secretary, is set to only accept the position of Brexit Minister, if is possible to renegotiate PM Theresa May's draft deal and scrap the EU summit on November 25th.

Thu, 15 Nov 2018 16:35:02 GMT

US retail sales jump on building materials, autos

The US retail sales grew strongly in October, as building materials and motor vehicles purchases surged, driven by recovery efforts in Hurricane Florence devestated areas.

Thu, 15 Nov 2018 16:09:45 GMT

UK's Brexit Secretary Raab resigns on Thursday

The UK Brexit Secretary Dominic Raab has resigned from his position on Thursday, in protest over the draft Brexit deal.

Thu, 15 Nov 2018 16:07:21 GMT

US stocks decline on Thursday

Wall Street edged lower on Thursday, as the Brexit related concerns and a bunch of weak earnings sparked the sixth consecutive days of selling.

Thu, 15 Nov 2018 15:27:46 GMT

Dell sweetens VMware bid to $120 per shares

Dell Technologies has raised its bid to buy back the shares tied to the firm's interest in the Vmware software maker to $120 for a share, but not exceeding the price of $300 suggested by Carl Icahn.

Thu, 15 Nov 2018 14:52:35 GMT

Ashland Global plans composites business sale for $1.1B

On Thursday, the chemicals producer Ineos Enterprises stated it would acquire the composites unit of Ashland Global Holdings in a deal valued at $1.1B.

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