News

Note: This section contains information in English only.
Fri, 01 Nov 2019 18:01:07 GMT

WH to carefully review Peugeot and Fiat Chrysler merger deal

On Friday, Larry Kudlow, the White House senior economic adviser, said that President Donald Trump's administration would closely monitor the planned merger between Peugeot and Fiat Chrysler.

Fri, 01 Nov 2019 17:03:05 GMT

US Dollar declines on Friday

On Friday, the US Dollar edged lower against a basket of major currencies after data revealed a mixed perspective on the US economy.

Fri, 01 Nov 2019 16:00:37 GMT

Chevron's profit drops by 36% in Q3

On Friday, Chevron Corp announced a 36% decline in Q3 profit. The decline was attributed to a weaker oil and gas prices.

Fri, 01 Nov 2019 14:41:14 GMT

Exxon profit declines

Exxon Mobil Corporation revealed on Friday that its profits almost halved in the third quarter. The profits were hit by low oil prices and weak chemical business.

Fri, 01 Nov 2019 13:43:45 GMT

Investors slam Shell buyback

On Friday, Reuters announced that various analysts are against the delay of Royal Dutch Shell Company's announced $25 billion share buyback delay.

Fri, 01 Nov 2019 12:41:16 GMT

Hong Kong retail sales drop 18.3% in September

Hong Kong's September retail sales dropped 18.3% due to anti-government protests held in the Chinese-ruled city for about five months, scaring away tourists.

Fri, 01 Nov 2019 11:50:24 GMT

Santander chairman takes €3.61M of bank shares

Ana Botin, the chairman of Banco Santander, acquired 1M bank shares worth €3.61M, right after the lender reported a sharp decline in its Q3 earnings, a regulatory filing released on Thursday showed.

Fri, 01 Nov 2019 10:51:05 GMT

Global stocks surge on Friday

During the Asian and European Friday trading, global stock indices were aiming at a two year high level. The surge occurred due to the recent US interest rate cut, which decreased the value of the USD.

Fri, 01 Nov 2019 09:44:55 GMT

Taste Holdings to abandon food business

The South African owner of Domino's Pizza and Starbucks franchises, Taste Holdings, announced on Friday it would exit the food business, adding it had already kicked off 13 Starbucks' coffee stores for $464K.

Fri, 01 Nov 2019 08:43:09 GMT

Bombardier plans aerostructures business sale

Canada's Bombardier is planning a sale of two aerostructures plants in Morocco and the Belfast to Spirit AeroSystems in a cash and debt deal worth over $1.0B.

Fri, 01 Nov 2019 07:42:20 GMT

North Korea conducts another multiple rocket launchers test

KCNA, North Korea's state news agency, reported on Friday that another successful test of the giant multiple rocket launchers had been conducted a day earlier, but triggered protests from neighbouring South Korea and Japan.

Fri, 01 Nov 2019 07:34:46 GMT

Asian shares surge on positive China data

On Friday, Asian shares turned higher due to a surprise bounce in China's manufacturing activity that offset negativity forecast made by Bloomberg, which has cast doubts whether the US and China will manage to reach the trade deal.

Fri, 01 Nov 2019 05:57:57 GMT

Spain plans to host UN's COP25 climate change summit

Spain is ready to host the United Nations-led climate change summit called COP25 in Madrid after Chile's withdrawal due to raging street protests, the Spanish government stated.

Fri, 01 Nov 2019 04:46:00 GMT

FCA and PSA plan merger deal

Fiat Chrysler and PSA Group are planning a tie-up in a 50/50 share merger deal worth $50B that would create the fourth-biggest carmaker in the world, seeking to reach an agreement in the coming weeks.

Fri, 01 Nov 2019 03:43:24 GMT

Pinterest quarterly revenue misses expectations

Pinterest reported its quarterly revenue and the revised annual sales forecast had missed Wall Street's expectations, sending the company's shares down 19% on the news.

Fri, 01 Nov 2019 03:25:35 GMT

Russia plans key rate cut to 6% by 2020-end

The Central Bank is considering to reduce Russia's key interest rate to 6% by the next year's end, a sharp cut from the previously expected 6.50%.

Thu, 31 Oct 2019 21:16:17 GMT

Labour unions comment on Fiat Chrysler-PSA deal

On Thursday, European labour unions addressed PSA and Fiat Chrysler top management urging them to avoid job cuts and factory closures in case of a successful merger.

Thu, 31 Oct 2019 20:28:12 GMT

US Congress almost ready to close pan American deal

The US House of Representatives Speaker Nancy Pelosi stated on Thursday that the Congress was working hard on trade deal between the US, Canada and Mexico and soon would be ready to approve it.

Thu, 31 Oct 2019 18:42:57 GMT

Lufthansa plans €200M investment in Alitalia

The German carrier Lufthansa is planning to make a €200M worth investment in the struggling Italian carrier Alitalia, Reuters reported on Thursday.

Thu, 31 Oct 2019 17:44:58 GMT

EV maker Fisker to launch luxury SUV production in 2021

On Thursday, Fisker, the electric car maker, announced it would launch its new luxury SUV production in the 2021-end, expecting to trigger car deliveries in 2022.

Thu, 31 Oct 2019 16:47:43 GMT

Thomson Reuters' operating profit above estimates

Thomson Reuters reported better-than-expected quarterly operating profit of $262M in the Q3, up from $173M in the prior quarter, adding that it would increase dividend payout ratio.

Thu, 31 Oct 2019 15:57:57 GMT

Nintendo's profit doubles in Q2

Nintendo operating profit more than doubled in the second quarter, surpassing analyst estimates, amid strong demand for Switch console with nearly 7M units sold.

Thu, 31 Oct 2019 15:53:50 GMT

Facebook shares up 5% on strong results

On Thursday, shares of Facebook grew around 5%, a day after it reported the third straight increase in the quarterly sales growth pace and users' amount rise in some of lucrative markets.

Thu, 31 Oct 2019 14:40:16 GMT

Russia considers cutting key rate to 6% next year

The Central Bank is likely to trim Russia's key interest rate to 6% by the end of 2020, a sharp move from the previous forecasts of 6.50% cut.

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