News

Note: This section contains information in English only.
Tue, 21 May 2019 07:02:25 GMT

Spain's DIA signs rescue deal with Santander

The Spanish retailer DIA signed an agreement with Santander to secure financing, its new owner LetterOne stated in a statement, preventing the risk a necessity to launch insolvency proceedings.

Tue, 21 May 2019 06:55:54 GMT

FamilyMart seeks to end China JV with Ting Hsin

FamilyMart, Japan's convenience store operator, is seeking to halt a 15-year-long joint venture with the Chinese Ting Hsin International over contractual disputes, according to the Nikkei report seen on Tuesday.

Tue, 21 May 2019 04:42:21 GMT

Donald Trump comments on trade

During a speech in Pennsylvania on Monday, US President Donald Trump announced that the US-China trade war has strengthened the US industries.

Tue, 21 May 2019 04:41:49 GMT

Hong Kong will issue green bonds

On Tuesday, Hong Kong officials announced that the former UK colony is looking to raise up to one billion USD by issuing five-year term green bonds.

Tue, 21 May 2019 04:35:14 GMT

Asian stocks surge on Tuesday

During the Asian trading session on Tuesday, Asian stock indices gained value. The surge was occurring despite the Huawei stock sell off that occurred due to US restrictions set on the company.

Tue, 21 May 2019 04:34:46 GMT

US airlines expect record travel

On Tuesday, a group of US airlines announced that they expect record travel numbers during this summer.

Tue, 21 May 2019 03:01:48 GMT

Japan FinMin: GDP growth not bad in Q1

Taro Aso, the Japanese Finance Minister, stated that the gross domestic product's growth in the first quarter was not bad, while that the country's economic fundamentals remained strong.

Tue, 21 May 2019 03:01:40 GMT

Daimler to diminish administration costs

Incoming boss of Daimler, Ola Kaellenius, was working on a program to cut administration costs 20% in order to reach targets of profit threatened by issues at factories and global trade woes, Handelsblatt reported, citing sources.

Tue, 21 May 2019 02:34:39 GMT

US eases some restrictions on Huawei

The US government temporarily eased some of restrictions imposed last week over China's Huawei in a move to minimise disruption for the company's customers and keep phones, networks operating.

Tue, 21 May 2019 02:30:42 GMT

GM: most new cars to get over-the-air upgrades

General Motors announced that most of its cars are set to be capable of over-the-air upgrades by 2023, as it rolled out new car electrical systems designed to handle software downloads and heavy data traffic from the internet.

Mon, 20 May 2019 21:36:08 GMT

FDI in Bulgaria declines

Bulgaria's foreign direct investment declined $225.45M in the first quarter of the current year, a preliminary data published by the Bulgarian National Bank shows.

Mon, 20 May 2019 21:36:00 GMT

Indonesia expects 5.6% growth in 2020

Indonesia wants to achieve an economic growth of 5.6% in 2020 after a 5.17% growth the previous year, the Indonesian Finance Minister Sri Mulyani says.

Mon, 20 May 2019 18:46:15 GMT

Jaguar Land Rover announces $4.6B annual loss

Jaguar Land Rover made a yearly loss of $4.58B in its last fiscal year, despite a net revenue of $153M in the final three months, the company reports.

Mon, 20 May 2019 18:45:42 GMT

Omani FM meets with Iranian counterpart

The Omani Minister of Foreign Affairs Yusuf bin Alawi bin Abdullah arrived in Tehran to discuss bilateral ties with his Iranian counterpart Mohammad Javad Zarif.

Mon, 20 May 2019 18:29:27 GMT

Nigeria economy expands in Q1

The Nigerian economy expanded 2.01% in the first quarter of 2019, compared to the same period the previous year, the National Bureau of Statistics reports.

Mon, 20 May 2019 18:28:46 GMT

IMF: Serbia economic growth stable

The Serbian economy will expand 3.5% in 2019 and another 4% in the following year, an International Monetary Fund delegation reports after a meeting with the Serbian President Aleksandar Vucic.

Mon, 20 May 2019 17:18:13 GMT

FCC head backs T-Mobile-Sprint deal

On Monday, T-Mobile's $26B takeover deal with its competitor Sprint Corp has won the FCC head's support, marking a big step forward to the acquisition's approval, sending Sprint's stock up 23.5% to $7.64, while T-Mobile's shares surged 5.3% to $79.33.

Mon, 20 May 2019 17:06:32 GMT

Sports Direct dissolves its MySale Group's stake

Sports Direct International has dissolved its 4.8% stake in MySale Group, the Australian online retailer, in efforts to boost its operations as the company tries to acquire smaller rivals in the sector.

Mon, 20 May 2019 16:37:35 GMT

Siemplify attracts $30M in private funding

The US-Israeli cybersecurity firm Siemplify announced on Monday it had raised $30M in a private funding, bringing the company's total attracted to the date to $58M.

Mon, 20 May 2019 16:33:40 GMT

France's LVMH acquires Chateau du Galoupet

LVMH, France's luxury goods group, agreed to acquire Le Chateau du Galoupet, the wine producer, for an undisclosed amount, boosting its portfolio of the top spirits and wines, such as Hennessy Cognac and Veuve Clicquot champagne.

Mon, 20 May 2019 15:26:15 GMT

Goldman in discussions over B&B Hotels takeover

Goldman Sachs has entered talks to acquire B&B Hotels from the private equity group PAI Partners in a potential deal that could be valued at $2.1B, according to the Financial Times.

Mon, 20 May 2019 15:21:29 GMT

Ford to slash 10% of workforce amid restructuring

On Monday, Ford Motor stated it would slash around 10% of the carmaker's global salaried workforce, trimming up to 7K jobs by the end of summer amid its global restructuring, which would save the company $600M annually.

Mon, 20 May 2019 14:28:12 GMT

EU, China ink landmark aviation deal

The European Union and China regulators have inked the landmark aviation agreements that should bolster cooperation between the two regions in the sector, China's state media CCTV reported on Monday.

Mon, 20 May 2019 14:17:44 GMT

WTO quarterly global trade growth stays week

On Monday, the World Trade Organisation's quarterly forecast indicator showed that the trade growth for global goods was likely to remain unchanged at its nine-year low of the 96.3 reading.

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