News

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Mon, 04 Jun 2018 15:43:40 GMT

Turkey and US make a statement on Syria

Representatives of US and Turkey on Monday laid out a roadmap for the northern Syrian region of Manbij.

Mon, 04 Jun 2018 15:43:00 GMT

King of Jordan replaces country's PM

King Abdullah of Jordan on Monday replaced his Prime Minister in an effort to defuse protests that were caused by recent reforms.

Mon, 04 Jun 2018 15:02:12 GMT

Tech leads Wall Street rally

On Monday a stock price rally was being led by various stocks from the tech sector. However, the exact reasons for the surge were unknown.

Mon, 04 Jun 2018 14:58:25 GMT

Weak aircraft demand hurts US economy

The number of orders of US made goods decreased in April more than expected. The main reason for the decline was the fall of demand for aircrafts.

Mon, 04 Jun 2018 14:29:05 GMT

Microsoft to acquire coding site GitHub in $7.55B deal

On Monday, Microsoft stated it would acquire the privately held coding sit GitHub in a deal valued at $7.5B, as it seeks for the company's clout expansion among software developers.

Mon, 04 Jun 2018 14:12:19 GMT

Fingerprint Cards unveils new cost cuts due to weak market

Sweden's biometrics company Fingerprints Cards announced on Monday about new cost cuts amid weak market circumstances for smartphone capacitive sensors and a heavy price pressure.

Mon, 04 Jun 2018 12:36:09 GMT

Japan seeks to launch autonomous vehicle system by 2020

On Monday, Japan's government has announced it could launch a driverless car system in Tokyo by the Olympics in 2020, as the country seeks to boost investment in a new tech to drive the economic growth.

Mon, 04 Jun 2018 12:33:07 GMT

eBay likely to gain 5% stake in Denmark's Adyen

On Monday, the Dutch newspaper said that eBay is likely to gain up to 5% in the Dutch financial technology firm Adyen, as part of their deal with Adyen becoming eBay's primary payments processors.

Mon, 04 Jun 2018 11:07:47 GMT

Mercedes-Benz voluntarily recalls Sprinter cars in Russia

According to the Russian Federal Agency on Technical Regulation and Metrology, Mercedes-Benz is to voluntarily recall 1 426 Sprinter Classic vehicles sold in Russia during Q4Y2017.

Mon, 04 Jun 2018 10:59:57 GMT

Oil weakens on Monday due to higher supply

Oil prices weakened on Monday in response to US oil production hitting a record high and OPEC members considering a boost to the global supply.

Mon, 04 Jun 2018 10:01:59 GMT

DS Smith seeks acquisition of Europac for €1.9B

The British-based international packaging business DS Smith Plc plans to acquire the Spanish rival Europac for €1.9B to strengthen its presence in Western Europe.

Mon, 04 Jun 2018 10:01:10 GMT

Cyberbit receives $30M financing from Claridge Israel

The Israel-based provider of cyber training platforms Cyberbit Ltd has received $30M from Claridge Israel to expand its product base and satisfy the growing demand.

Mon, 04 Jun 2018 09:19:32 GMT

Sentix: investor confidence in Euro zone deteriorates in May

Sentix reported on Monday that its Investor Confidence Index fell to 9.3 in May, compared to 19.2 month-on-month, being affected by lower economic expectations.

Mon, 04 Jun 2018 09:18:02 GMT

Global airlines downgrade 2018 profit forecast

The International Air Transport Association has reduced its profit forecast for the global airline industry to $33.8B in 2018 due to higher fuel costs.

Mon, 04 Jun 2018 08:11:53 GMT

Honda's sales in China drop amid low quality

Honda Motor Co Ltd reported on Monday 15.3% drop of sales in May, which was associated with engine problems caused by collection of excessive amount of petrol in the oil pan.

Mon, 04 Jun 2018 08:02:07 GMT

Putin plans to meet with Kim in September

According to the RIA news agency, the President of Russia Vladimir Putin could have a meeting with North Korean leader Kim Jong Un in the city of Vladivostok in beginning of autumn.

Mon, 04 Jun 2018 07:11:15 GMT

Bain Capital to fund Toshiba acquisitions

The head of Bain Capital in Japan Yuji Sugimoto said on Monday the company will continue providing support to Toshiba Memory in its pursue of M&A deals in the chip industry.

Mon, 04 Jun 2018 07:11:05 GMT

CYBG to acquire Virgin Money

The boards of Virgin Money and lender CYBG agreed on Monday that acquisition of the British bank could result in notable efficiency gains.

Mon, 04 Jun 2018 06:01:18 GMT

Oil prices down amid record-high US production

The price of Brent crude declined by 34 cents or 0.4% on Monday morning, reaching $76.45 a barrel, amid expectations that major oil producers will increase supplies.

Mon, 04 Jun 2018 06:01:13 GMT

Airbus projects strong demand for A330neo

The Airbus Chief Commercial Officer Eric Schulz said on Monday that the company will be able to generate profit from sales of A330neo jet even though it lost a number of contests in Western markets last year.

Mon, 04 Jun 2018 05:16:48 GMT

CR Pharma to make $667M general bid for Jiangzhong Pharma

On Monday, China Resources Pharmaceutical Group announced it would launch a $667M general bid for the entire shares of Jiangzhong Pharmaceutical, following its parent takeover deal.

Mon, 04 Jun 2018 05:13:50 GMT

Spain's Barcelo seeks to bid for HNA's nearly 30% stake in NH Hotel Group

According to Bloomberg and the Expansion newspaper, Spain's Grupo Barcelo is thinking over to make a proposal for HNA's $781M worth shares in NH Hotel Group.

Mon, 04 Jun 2018 04:27:47 GMT

China triggers tax evasion inquiry into TV and film industry

China is set to open a tax evasion probe into its television and film industry, the country's tax bureau announced on Sunday.

Mon, 04 Jun 2018 04:25:01 GMT

UnCredit considers merger with France's rival SocGen

UniCredit, Italy's largest bank, is considering a merger with its French rival Societe Generale SA that could see the EY banks paving the way for banking mergers, the Financial Times reported on Sunday.

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