News

Note: This section contains information in English only.
Sat, 01 Jun 2019 06:55:03 GMT

Uber to suspend XL services in Turkey

On Friday, ride-hailing service Uber announced that it would suspend its XL service in Istanbul. However, passengers in the country's largest city would still be able to use the smaller yellow taxi.

Sat, 01 Jun 2019 06:02:08 GMT

US consumer prices increase

On Friday, according to the US Commerce Department, the US inflation edged up by the most in fifteen months in the Q1.

Sat, 01 Jun 2019 05:02:39 GMT

Ebrard says tariff threats against Mexico are unfair

Marcelo Ebrard, the Mexican Foreign Minister, said that the US President Donald Trump's threat to impose tariffs on Mexico was unfair.

Sat, 01 Jun 2019 03:59:49 GMT

India's economy growth hits four-year low

The Indian economy grew at a much slower-than-expected 5.8% in over four years in the Q1. The figures were released by India's Prime Minister Narendra Modi.

Sat, 01 Jun 2019 02:58:46 GMT

Crude oil prices decline by 3% on Friday

On Friday, crude oil prices edged lower by 3%, after the US President Donald Trump increased the global trade tensions by threatening tariffs on imports from Mexico.

Sat, 01 Jun 2019 02:11:47 GMT

Atlanta's Fed forecasts US Q2 GDP growth at 1.2%

On Friday, the Atlanta Federal Reserve's Nowcast model showed that the US economy would expand at a 1.2% annualised rate in the second quarter.

Fri, 31 May 2019 20:00:16 GMT

Japanese Yen surges on Trump's remarks

On Friday, investors and traders rushed to a safe-haven Japanese Yen, after the US President Donald Trump threatened to impose tariffs on the Mexican imports.

Fri, 31 May 2019 19:00:13 GMT

Global equity markets decline

Global stocks declined on Friday, as investors and traders switched to a safe-haven bond, after the US President Donald Trump threatened to impose tariffs on imports from Mexico.

Fri, 31 May 2019 18:00:07 GMT

Shares of global automakers and suppliers decline

The global automaker's and supplier's shares declined on Friday after the US President Donald Trump's threat to impose tariffs on Mexico.

Fri, 31 May 2019 17:04:01 GMT

Uber to suspend XL services in Turkey

On Friday, ride-hailing service Uber announced that it would suspend its XL service in Istanbul. However, passengers in the country's largest city would still be able to use the smaller yellow taxi.

Fri, 31 May 2019 15:50:36 GMT

Mediaset, ProsiebenSat deny talks on pan-EU TV firm

On Friday, the broadcasters Mediaset and ProSiebenSat.1 denied a media report about potential talks between the two companies over establishing a pan-EU TV firm, after Italy's media house acquired the 9.6% stake in the German competitor.

Fri, 31 May 2019 14:58:22 GMT

Renault board to discuss FCA merger offer

Renault's board is set to hold a meeting on Tuesday to review Fiat Chrysler's merger offer, after Bruno Le Maire, the Finance Minister, reiterated conditional support of the government for the tie-up.

Fri, 31 May 2019 14:35:49 GMT

AGL Energy walks away from Vocus buyout bid

Australia's AGL Energy has walked away from the takeover offer made for Vocus, after failing to reach the agreement on diligence terms between the two companies, AGL announced on Friday.

Fri, 31 May 2019 12:38:59 GMT

Amcor plans asset divestment to buy Bemis

Amcor will have to make a divestment of its three production facilities and the rest of its assets to acquire Bemis Co, according to the US Justice Department statement.

Fri, 31 May 2019 10:51:15 GMT

Pompeo warns Germany about risks posed by Huawei

Mike Pompeo, the US Secretary of State, stated that the US aimed to warn Germany and other international partners about the consequences they might face from buying the next-generation wireless 5G networks produced by Huawei.

Fri, 31 May 2019 10:05:08 GMT

Investors pull out money from stocks

On Friday, Reuters published a report, which stated that global equity managers have pulled out more than ten billion USD from global stocks and bought bonds.

Fri, 31 May 2019 09:12:54 GMT

KKR picks Australia's PM Turnbull as senior adviser

KKR & Co appointed Malcolm Turnbull, the ex-Australian Prime Minister, as the global senior adviser effective from June 1, the global investment company stated on Friday.

Fri, 31 May 2019 08:38:35 GMT

Carmakers hit as EU shares drop on Trump's Mexico tariffs

On Friday, the EU shares dropped to over three-month low, led by the automakers Fiat Chrysler and Volkswagen, after the US President Donald Trump had vowed he would impose tariffs on Mexico's imports, escalating global trade tensions.

Fri, 31 May 2019 07:35:27 GMT

CBS board seeks merger with Viacom

CBS Corp board is expected to enter merger negotiations with the Viacom media company in the middle of June, CNBC reported, sending Viacom's shares up 3.5% to $28.72 on Thursday due to the news.

Fri, 31 May 2019 06:39:00 GMT

Amazon considers buying Boost from Sprint, T-Mobile

Amazon.com has expressed its interest in acquiring Boost Mobile, the pre-paid cellphone wireless service, owned by Sprint and T-Mobile, according to sources.

Fri, 31 May 2019 04:29:01 GMT

Trump threatens to raise tariffs for Mexico

The US President Donald Trump stated on Thursday that he would increase tariffs on all goods originating from Mexico by 5% if the neighbour did not stop the flow of illegal immigrants.

Fri, 31 May 2019 03:33:41 GMT

China's factory activity weakens in May

China's factory activity slumped more than expected, rising pressure on Beijing to implement more stimulus to support the economy hit hard by the trade war with the US.

Thu, 30 May 2019 20:14:24 GMT

Mexico's Lozoya faces money laundering charges

According to the Reforma newspaper, the former CEO of Mexican state oil firm Pemex Emilio Lozoya is wanted by state authorities for alleged money laundering.

Thu, 30 May 2019 19:18:51 GMT

Juul thinks to open stores in US

According to a source familiar with the matter, Juul Labs Inc, the US e-cigarettes brand, was considering an option of opening a chain of retail stores in the United States for adult customers.

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