News

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Thu, 31 Oct 2019 12:20:45 GMT

Conte urges FCA, PSA to keep jobs, factories in Italy

On Thursday, Giuseppe Conte, the Italian Prime Minister, called on PSA Group and Fiat Chrysler to keep jobs and plants in Italy in their merger plan announced earlier that day.

Thu, 31 Oct 2019 11:07:36 GMT

Twitter bans political ads

On Thursday, Twitter stated that the company would ban political ads. The announcement caused a 1.9% percent drop of the company's stock price.

Thu, 31 Oct 2019 10:35:45 GMT

Shell frets slowing global economy to hit its buyback timetable

On Thursday, Royal Dutch Shell has warned that the slowing global economy could affect its $25B share buyback programme, as its Q3 profits topped expectations on robust gas and oil trading.

Thu, 31 Oct 2019 08:58:44 GMT

Samsung warns of phone profit fall

On Thursday, Samsung Electronics flagged falling mobile business profit on the back of a positive outlook of iPhone sales reported by its rival Apple Inc, loosing hopes that new models would help the world's biggest smartphone vendor revives growth.

Thu, 31 Oct 2019 08:34:37 GMT

Fiat Chrysler, Peugeot plan to join forces

Peugeot owner PSA and Fiat Chrysler are planning a tie-up via a 50/50 share-swap to build the fourth-largest carmaker in the world, both companies said on Thursday, causing a new consolidation wave in the auto industry.

Thu, 31 Oct 2019 06:00:34 GMT

VW lowers sales outlooks

Volkswagen lowered sales outlook for 2019, warning of weakening demand even as operating profit surged 11.2% on higher demand for SUVs, Skoda and Porsche cars.

Thu, 31 Oct 2019 04:56:56 GMT

Alibaba to resume HK listing plans

Alibaba Group was eyeing Hong Kong listing in November to raise nearly $15B, after the political unrest in the financial hub, sources familiar with the matter stated.

Thu, 31 Oct 2019 03:43:14 GMT

Brazil's debt to hit 81.8% of GDP

The national debt of Brazil is expected to keep rising in the coming years up to 81.8% of GDP in 2022, the Treasury stated.

Thu, 31 Oct 2019 03:37:09 GMT

Whirlpool not to shut plant in Italy

Whirlpool dropped plans to close a production site in Naples, the southern Italian city, after two weeks of protest of workers, the company stated.

Wed, 30 Oct 2019 21:27:11 GMT

Boeing CEO rejects calls to resign

On Wednesday, the Boeing Co Chief Executive Officer Dennis Muilenburg stood in front of a panel in the US Congress, where he had to hear multiple calls to leave the post amid 737 MAX crashes.

Wed, 30 Oct 2019 20:09:04 GMT

Boeing's CEO testifies in US Congress

On Wednesday, the Boeing Co CEO Dennis Muilenburg made another testimony in front of the US Congress regarding the flows during the 737 MAX development.

Wed, 30 Oct 2019 19:13:40 GMT

Lautenschlaeger calls for openness and simplicity

The European Central Bank board member Sabine Lautenschlaeger stated on Sunday that the bank must make its messages more understandable for the people, thus breaking the image of arrogant elite.

Wed, 30 Oct 2019 18:13:10 GMT

CME's Duffy shares capital concerns

Terry Duffy, CME Group Inc's Chief Executive Officer, stated on Wednesday that he shared with regulators his concerns over insufficient amount of capital that certain clearinghouses had.

Wed, 30 Oct 2019 16:43:27 GMT

VW trims 2019 sales outlook amid lower demand

On Wednesday, Volkswagen has reduced its full-year sales forecast due to slowing demand, despite its adjusted operating profit surged 11.2% on boosted demand for the carmaker's SUVs and Skoda and Porsche vehicles.

Wed, 30 Oct 2019 15:48:26 GMT

Apple mobilises suppliers to launch 5G iPhones

Apple Inc is mobilising its suppliers to unveil the company's first range of 5G iPhone, a report by Nikkei Asian Review showed on Wednesday.

Wed, 30 Oct 2019 15:38:34 GMT

AT&T to launch HBO Max streaming service

AT&T Inc is set to launch its new streaming service called HBO Max with a fresh "Game of Thrones" series at the price of $15 per month, aggressively battling Disney, Apple and Netflix for the TV future.

Wed, 30 Oct 2019 14:32:49 GMT

Honda suppliers, Hitachi to tie some parts of business up

Hitachi is planning to merge its vehicle components business with Honda's three suppliers with intention to trim development costs, as well as to boost its respond to a sharp industry shift to EV and self-driving cars.

Wed, 30 Oct 2019 12:42:29 GMT

Credit Suisse doubles profit

Credit Suisse reported on Wednesday that in the third quarter the bank has doubled its profits. Despite the announcement the bank's share price declined during the morning hours of the day's European trading.

Wed, 30 Oct 2019 11:44:48 GMT

Banks drag down European stocks

On Wednesday, lower than forecast bank sector earnings dragged down European stock indices.

Wed, 30 Oct 2019 10:42:09 GMT

US Dollar trades steady

Prior to the US Federal Reserve Rate announcement on Wednesday, the US Dollar traded steady, as the markets were expecting the new rate before making decisions.

Wed, 30 Oct 2019 10:04:26 GMT

Fiat Chrysler, Peugeot confirm possible merger

On Wednesday, two European automakers, Fiat Chrysler and Peugeot, confirmed rumors about their potential merger aimed at overcoming regulatory and technological challenges.

Wed, 30 Oct 2019 09:18:41 GMT

China to allow Hengfeng Bank to increase capital

The China's Banking and Insurance Regulatory Commission announced on Wednesday that Hengfeng Bank was allowed to increase its capital to ¥11.2B from ¥1.69B.

Wed, 30 Oct 2019 08:12:33 GMT

China gives green light to Nintendo

A Chinese regulator on Wednesday granted approval to Japanese Nintendo to sale its Switch console game, "New Super Mario Bros. U Deluxe", in the country.

Wed, 30 Oct 2019 07:17:53 GMT

Sony reports record Q2 profit increase

On Wednesday, Sony Corp reported a 16% surge of its Q2 operating profit amid robust sales of image sensors for smartphones.

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