News

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Thu, 23 Aug 2018 05:08:27 GMT

Synopsys' results, forecast put shares on strong pace

Synopsys reported better-than-anticipated quarterly results and forecast Q4 above Wall Street estimates, as the chip design software maker benefited from higher demand from semiconductor clients.

Thu, 23 Aug 2018 05:05:28 GMT

Latvia's agricultural sector reports €359M in drought damage

The losses of farmers in Latvia, which suffered from summer's unusual heat and prolonged dry spell, amounted to €359M, the country's Agriculture Ministry stated.

Thu, 23 Aug 2018 04:05:32 GMT

US exports of natural gas to Mexico at record high in July

The US natural gas pipeline exports to Mexico reached a record high in July this year, after the several key pipelines' commissioning in Mexico, the US EIA stated.

Thu, 23 Aug 2018 03:54:08 GMT

Poland envisages $44.5B borrowing needs in next year's budget

Poland foresaw gross borrowing needs of $44.5B in the country's 2019 budget draft, Piotr Nowak, the Deputy Finance Minister, told Polish Press Agency.

Thu, 23 Aug 2018 03:00:59 GMT

Credit Suisse freezes $5B of Russian money amid US sanctions

One of Switzerland's biggest banks, Credit Suisse, frozen $5B of money linked to Russia to avoid falling foul of the US sanctions, further rising pressure on Moscow.

Thu, 23 Aug 2018 02:57:13 GMT

Pay awards across British firms weaken

The average pay increase awarded by the UK employers weakened during the three-month period to July for the first time in two years, according to a survey published on Thursday.

Thu, 23 Aug 2018 02:33:34 GMT

Australia bans Huawei from build of mobile network

The Australian government banned major China's telecoms company Huawei Technologies from providing equipment for the planned 5G mobile network due to security fears.

Thu, 23 Aug 2018 02:29:23 GMT

Japanese flash manufacturing PMI grows in August

Japan's manufacturing activity expanded at a faster pace in August amid a jump in domestic demand, a preliminary survey revealed, though export orders contracted in the reported month.

Wed, 22 Aug 2018 20:27:48 GMT

Aramco's domestic, international stock listing halted

Saudi Arabia has halted international and domestic stock listing of the state oil titan Aramco, four official sources reported on Wednesday.

Wed, 22 Aug 2018 20:24:50 GMT

Blackstone considers possible sale or IPO of Exeter worth over $1.0B

Blackstone Group, the private equity firm, is exploring a potential $1.0B-plus sale or initial public offering of the auto lender Exeter Finance, according to sources familiar with matter.

Wed, 22 Aug 2018 19:36:28 GMT

Shell Brazil considers possible buyout of Eletrobras assets

Royal Dutch Shell Brazil stated on Wednesday that it was evaluating a potential purchase of the Centrais Eletricas Brasileiras' assets, which had been put up for a sale to cut the state-owned utility's debts and privatisation plans.

Wed, 22 Aug 2018 19:32:33 GMT

Apple to win unconditional approval for Shazam buy from EU

Apple is set to gain unconditional antitrust approval from the European Union for its planned takeover of Shazam, the UK music discovery app, sources familiar with the deal stated on Wednesday.

Wed, 22 Aug 2018 17:51:55 GMT

Russia will lower growth forecast

On Wednesday, Russian economists announced that the yearly Russian GDP increase forecast of 1.9% is set to be decreased down to 1.8%.

Wed, 22 Aug 2018 17:51:46 GMT

S&P 500 continues to gain

The S&P 500 market index continued to rise on Wednesday, as the Federal Reserve Minutes were released during the trading session.

Wed, 22 Aug 2018 16:52:59 GMT

European stock markets steady

European stock markets finished Wednesday's trading session almost flat after a volatile trading session, which was created by various political events.

Wed, 22 Aug 2018 16:36:42 GMT

Amazon starts business in Brazil

On Wednesday, Amazon announced that the company has started selling fashion and sportswear in Brazil.

Wed, 22 Aug 2018 15:51:51 GMT

Fiat Chrysler continues with Magneti Marelli

On Wednesday, a Fiat Chrysler representative confirmed that the company is continuing with the spin-off of the company's parts producer Magneti Marelli.

Wed, 22 Aug 2018 15:51:38 GMT

Putin speaks out in Finland

The President of Russia on Wednesday in Finland spoke out against the US sanctions on Russia. Although, the President praised his recent meeting with Donald Trump.

Wed, 22 Aug 2018 15:13:40 GMT

Putin blames NATO for Russian military build up

On Wednesday, the President of Russia announced that Russia has to strengthen its military infrastructure due to NATO moving its infrastructure closer to the Russian border.

Wed, 22 Aug 2018 15:13:02 GMT

Mexico and US are near NAFTA deal

Mexican authorities on Wednesday announced that the US and Mexican counterparts are close to renegotiating the bilateral points of the North America Free Trade Agreement.

Wed, 22 Aug 2018 14:31:56 GMT

Air France-KLM new head holds talks with France's Borne

Air France-KLM's newly appointed CEO Ben Smith held a meeting with Elisabeth Borne, the French Transport Minister, as unions of the airline group are set to make a decision on the further strike over pay.

Wed, 22 Aug 2018 14:26:47 GMT

Nike stores shut down in South Africa due to public outcry over racism

On Wednesday, Nike stores were shut down in South Africa, following a public outcry triggered by a racist web post that allegedly has connection to the sportswear firm.

Wed, 22 Aug 2018 12:50:53 GMT

Target's Q2 sales and profit result tops estimates

On Wednesday, Target posted its higher-than-expected Q2 result for profit and sales, driven by increased customer visits and strong online sales, bringing its shares up 6% in premarket trade.

Wed, 22 Aug 2018 12:50:39 GMT

Xiaomi's Q2 revenue surges 68% on smartphone sales

China's Xiaomi reported its Q2 revenue skyrocketed 68.3%, helped by rapid smartphone and internet devices sales.

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