News

Note: This section contains information in English only.
Wed, 17 Apr 2019 07:19:42 GMT

Macron pledges to restore Notre-Dam Cathedral in five years

The French President Emmanuel Macron is hoping to rebuild the Notre-Dam Cathedral, devastated in a fire, in five years, calling on French citizens to unite for a help to restore their national symbol.

Wed, 17 Apr 2019 06:31:20 GMT

Pernod Ricard to acquire Italy's Malfy

Pernod Ricard signed an agreement with Biggar & Leith to acquire its Italian premium gin brand Malfy, as the alcoholic beverages distributor is expanding its fast-growing portfolio, it announced on Wednesday, not disclosing the financial terms of the deal.

Wed, 17 Apr 2019 06:25:13 GMT

US Justice Dept has concerns over T-Mobile-Sprint deal

On Tuesday, the US Justice Department raised concerns over the planned $26B merger deal between T-Mobile US and Sprint Corp as currently structured, sending T-Mobile's shares down 4%, while Sprint's shares dropped around 9% on the statement.

Wed, 17 Apr 2019 04:58:27 GMT

China's Q1 growth steady at 6.4%

On Wednesday, official data showed that China's economy grew at 6.4% in the first quarter from a year earlier, boosted by sharply higher factory production.

Wed, 17 Apr 2019 04:58:16 GMT

Aptiv to open independent mobility centre in China

Aptiv, the US auto-parts supplier, said on Wednesday that it would open an independent mobility centre in China.

Wed, 17 Apr 2019 04:05:49 GMT

Australian Dollar reaches two-month high

During Wednesday's trading session, the Australian Dollar reached a two-month high against its peers. The surge was attached to China's economic growth in the Q1.

Wed, 17 Apr 2019 04:04:07 GMT

Crude oil prices surge on Wednesday

Crude oil prices extended its gains for the second consecutive trading session on Wednesday. The surge was attributed to strong demand for oil in China.

Wed, 17 Apr 2019 03:09:24 GMT

IBM revenue below estimates in Q1

IMB reported a bigger-than-expected decline in revenue in the Q1, affected by tapering demand for mainframe computers and a stronger Dollar, sending the company's shares down nearly 3%.

Wed, 17 Apr 2019 03:06:30 GMT

Japanese exports affected by weak China's demand

Japan's exports declined for a fourth month in succession in March, as China-bound shipments dropped again, reinforcing higher anxiety that weak foreign demand is likely to knock the economy into contraction in the Q1.

Tue, 16 Apr 2019 19:52:08 GMT

Eurogroup head urges German officials

The head of Eurogroup of the Euro Zone's financial ministers Mario Centeno urged on Tuesday German officials to use fiscal leeway to create an economic surge in the EU.

Tue, 16 Apr 2019 19:52:00 GMT

Apple goes to court against Qualcomm

On Tuesday, the trial in which Apple and Qualcomm are expected to settle their disputes over iPhone processors begun. The trial is expected to reveal new information and influence stock prices.

Tue, 16 Apr 2019 18:57:30 GMT

US regulators approve Boeing software

On Tuesday, the US Federal Aviation Administrations announced that the Boeing 737 MAX software is operationally suitable. The announcement came after US President Donald Trump called for the Boeing issues to be solved.

Tue, 16 Apr 2019 18:56:49 GMT

Wall Street surges on Tuesday

During the US trading session on Tuesday Wall Street stock indices surged. The surge was caused by positive earnings reports being published during the day.

Tue, 16 Apr 2019 17:52:44 GMT

Daimler halts Mercedes China franchise

The German carmaker Daimler suspended its Mercedes-Benz's local sales franchise in China, as a complaint from a customer over dealership service had gone viral across social media.

Tue, 16 Apr 2019 17:52:35 GMT

ING approaches Commerzbank on potential tie-up

Germany's Manager Magazin reported on Tuesday that ING Groep approached Commerzbank over a potential merger deal; however, Commerzbank's CEO Martin Zielke declined to enter the formal talks.

Tue, 16 Apr 2019 17:10:36 GMT

Anthony Rodio becomes new Caesars CEO

On Tuesday, Caesars Entertainment, the US casino operator, has appointed Anthony Rodio as the corporation's Chief Executive Officer, after facing pressure to sell itself from the activist investor Carl Icahn.

Tue, 16 Apr 2019 17:10:25 GMT

Sberbank gives no confirmation for talks with Socar

Sberbank's head German Gref stated on Tuesday that he could not provide a confirmation for talks with the Azeri state energy group Socar over the Antipinsky oil refinery potential sale.

Tue, 16 Apr 2019 16:18:56 GMT

J&J tops its Q1 profit expectations

Johnson & Johnson topped its Q1 profit forecasts due to higher sales as the company's pharmaceuticals unit, sending its shares up 1.8% to $139.

Tue, 16 Apr 2019 16:11:56 GMT

Atlantia denies talks with Ferrovie on Alitalia rescue

Italy's Atlantia denied it was in talks with the railways firm Ferrovie dello Stato about potential involvement in the struggling carrier Alitalia's rescue, the infrastructure group chairman assured on Tuesday.

Tue, 16 Apr 2019 15:32:26 GMT

Lufthansa reports profit loss in its Q1

Lufthansa reported on Tuesday it faced an operating loss worth $380M for its Q1, hurt by excess capacity in the EU and rising fuel costs, the news that sent the carrier's shares down 1% at 0925 GMT.

Tue, 16 Apr 2019 15:16:52 GMT

Kingspan makes €700M bid for Recticel units

Kingspan, the Irish insulation company, has made a €700M proposal for the flexible and insulation foams divisions of the Belgian company Recticel, it announced on Tuesday.

Tue, 16 Apr 2019 14:15:48 GMT

UnitedHelath posts better-than-expected profit

On Tuesday, UnitedHealth Group reported its Q1 profit topped analysts' forecasts, raising its current year's earnings estimates, sending company's shares up 3% on the news.

Tue, 16 Apr 2019 13:55:51 GMT

US manufacturing production stays on hold

The US manufacturing production remained unchanged last month, following two straight monthly declines that caused the biggest quarterly decrease in output since 2017.

Tue, 16 Apr 2019 13:38:45 GMT

BlackRock Q1 profit tops estimates

BlackRock reported on Tuesday its Q1 profit beat analysts' expectations with a drop to $1.05B or $6.61 for a share, while analysts forecast a net income of $6.13 for a share.

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