News

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Thu, 21 Mar 2019 21:10:00 GMT

China-France trade hits record high

The bilateral trade between France and China surpassed $60B in 2018, reaching a record high, the Ministry of Commerce reports.

Thu, 21 Mar 2019 21:09:23 GMT

Hong Kong consumer prices increase

Consumer prices in Hong Kong increased by 2.1% in February, compared to the same period the prior year, the Census and Statistics Department reports.

Thu, 21 Mar 2019 20:29:08 GMT

Norway central bank raises key rate

The Norwegian central bank Norges Bank raised the key interest rate to 1% from 0.75% on Thursday, the Governor Oystein Olsen says.

Thu, 21 Mar 2019 20:28:26 GMT

China foreign trade to remain stable

The Chinese foreign trade is expected to maintain steady growth in the first three months of 2019, the Ministry of Commerce says.

Thu, 21 Mar 2019 19:21:02 GMT

Thailand exports increase

Thailand's exports increased 5.91% to $21.55B in February, compared to the same month in 2018, the Commerce Ministry reports.

Thu, 21 Mar 2019 19:20:06 GMT

Taiwan keeps rates unchanged, decreases GDP forecast

The Taiwanese monetary authority on Thursday had left interest rates unchanged and lowered its GDP growth forecast for 2019 by 0.2% to 2.13%.

Thu, 21 Mar 2019 18:04:52 GMT

US Services data shows decline in Q4 GDP

According to the US Commerce Department quarterly services survey, the United States economic growth for the Q4 is likely to edge lower.

Thu, 21 Mar 2019 18:04:38 GMT

Jacobs says Ryanair still plans to buy Boeing 737 MAX

Ryanair's Chief Marketing Officer Kenny Jacobs said on Thursday that the company have not changed their plans to order Boeing 737 MAX.

Thu, 21 Mar 2019 17:14:11 GMT

Macron says UK is likely to face disorderly departure

Emmanuel Macron, the President of France, said on Thursday that the UK could face a disorderly exit from the EU if Theresa May fails to get parliamentary approval for her Brexit deal.

Thu, 21 Mar 2019 17:07:17 GMT

Deutsche Bank CEO sees multiple benefits of merger

The Chief Executive Officer of Deutsche Bank Christian Sewing thinks that there are multiple benefits for the merger with Commerzbank.

Thu, 21 Mar 2019 16:08:37 GMT

Walmart's CTO King quits

Jeremy King, Walmart's Chief Technology Officer, is set to leave the company, despite the the retail giant's plans to transform the e-commerce business, while nearing the gap with its competitor Amazon.com.

Thu, 21 Mar 2019 15:50:48 GMT

Koerber, Coesia plan bidding for Bosch unit

Germany's industrial group Koerber and Italy's engineering firm Coesia are planning to bid for Bosch's packaging machinery division, which has been put on the block, sources reported.

Thu, 21 Mar 2019 15:27:22 GMT

South Korea cuts decade-old penalty on Qualcomm

South Korean antitrust regulator trimmed a fine, imposed on the US chipmaker Qualcomm a decade ago, by 18% to $200M, the KFTC announced on Thursday.

Thu, 21 Mar 2019 15:20:32 GMT

Commerzbank-Deutsche merger might benefit France

The Commerzbank-Deutsche Ban proposed merger could potentially serve France's financial interests, the country's Finance Minister Bruno Le Maire stated on Wednesday.

Thu, 21 Mar 2019 14:36:36 GMT

VW, Northvolt to tie up over battery research

Germany's Volkswagen and Sweden's battery maker Northvolt are joining their forces in the research on battery cells, the German automaker announced on Thursday.

Thu, 21 Mar 2019 14:25:48 GMT

Access Bank up amid Diamond Bank buy approval

Nigeria's Access Bank shares surged 9.24% after the country's court granted its approval for a $235M acquisition of its competitor Diamond Bank.

Thu, 21 Mar 2019 13:21:32 GMT

Finland to probe Nokia phones amid data reach report

Finland has launched an inquiry into the Nokia-branded smartphones on the back of a Chinese report saying they breached the data protection requirements.

Thu, 21 Mar 2019 13:14:41 GMT

Siemens shares rise on potential merger report

On Thursday, Siemens shares surged 2% on a report the German industrial company is considering a possible merger of its struggling turbine division with a partner from Asia.

Thu, 21 Mar 2019 12:39:01 GMT

Murphy Oil close to Malaysian gas, oil assets sale

Murphy Oil is getting closer to a sale of its Malaysian gas and oil assets to Thailand's group PTTEP, sources close to the matter stated.

Thu, 21 Mar 2019 12:31:12 GMT

Sunrise expects shareholders to back Liberty Goal deal

Sunrise Communications is confident that shareholders will support raising $4.1B to complete its acquisition of the Swiss business owned by Liberty Goal, its CEO Olaf Swantee said to Reuters.

Thu, 21 Mar 2019 11:31:18 GMT

Tata considers partial EU packaging sale

Tate Steel is considering to propose a partial sale of its EU packaging activities to receive regulatory approval for its joint venture with the German conglomerate ThyssenKrupp.

Thu, 21 Mar 2019 11:23:48 GMT

India's banks urge Jet Airways' Goyal to cut stake

India' state-run banks are calling on Jet Airways' Chairman and founder Naresh Goyal to trim his stake to 10% in the carrier, according to the CNBC-TV18 news channel.

Thu, 21 Mar 2019 10:24:40 GMT

Maus Freres considers buying The Kooples

Switzerland's Maus Freres has entered talks to take the French clothing brand The Kooples private after it had acquired another French sportswear label Lacoste in 2012.

Thu, 21 Mar 2019 09:39:32 GMT

El.En. Has no plans for majority stake sale

El.En., Italy's laser equipment producer, raised interest form some investment funds, but the company's top executive has no plans for selling a majority stake, he said to Reuters.

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