News

Note: This section contains information in English only.
Fri, 15 Mar 2019 10:28:05 GMT

Azul seeks acquiring Avianca Brasil's jets at lower rates

Brazilian carrier Azul is seeking to acquire 30 planes of the struggling airline Avianca Brasil at lower lease rates and rehire the majority of its employees, while avoiding debts and labour disputes.

Fri, 15 Mar 2019 09:39:58 GMT

Brazil's Caiza to divide Bano Pan shares with BTG Pactual

Brazil's Caixa Econômica Federal is set to explore an option to acquire half of the shares offered in the capital increase of Banco Pan worth $105M in 2017, in a deal in which the firm together with BTG Pactual will hold a 41.7% stake each.

Fri, 15 Mar 2019 09:32:51 GMT

Hungary's OTP mkes nest bid for Slovenia's Abanka

Hungary's bank OTP made the best proposal for the Slovenian third-biggest bank Abanka, offering around $339M, according to the Dnevnik daily newspaper's report published on Friday.

Fri, 15 Mar 2019 08:33:24 GMT

PTT unit finalises Glow Energy stake buy

On Friday, PTT-owned power generating unit GPSC announced it had finalised the Glow Energy 69.1% stake acquisition, in one of the Southeast Asian biggest energy deal.

Fri, 15 Mar 2019 08:29:16 GMT

Tesla presents Model Y in California

Tesla presented it's new Model Y electric SUV in California late on Thursday, unveiling the price starting from $39K, in a launch that is expected to raise competition in the EU market.

Fri, 15 Mar 2019 07:30:55 GMT

UBS reserves $400M for tax case

The largest Swiss bank UBS stated on Friday that it has allocated $400M to the tax fraud case, which the company is intended to appeal in a French court and avoid paying a $5.09B fine.

Fri, 15 Mar 2019 07:25:07 GMT

EU car registrations drop in February

According to report published by the Association of European Carmakers ACEA, the number of registered cars in Western European countries dropped by 0.9% in February, being mainly driven by lower demand in Italy and Spain.

Fri, 15 Mar 2019 06:16:40 GMT

US-North Korea talks likely to be suspended

According to a senior North Korean diplomat, North Korea will suspend talks with the US, if the latter continues to act in a gangster style manner.

Fri, 15 Mar 2019 05:26:05 GMT

Macau prolongs licenses for MGM China, SJM

On Friday, the Macau authorities made the decision to extend gambling licenses for SJM Holdings and MGM China for another three years.

Thu, 14 Mar 2019 21:10:52 GMT

German consulting market grows markedly in 2018

The total turnover of Germany's consulting market grew 7.3% to $38.2B in the year of 2018, according to the data published by the BDU on Thursday.

Thu, 14 Mar 2019 21:04:57 GMT

Lufthansa's profits down 4% in 2018

Adjusted EBIT of Lufthansa declined 4% to $3.2B in the fiscal year of 2018, Germany's largest airline announced, due to higher fuel costs and significantly higher expenses caused by flight cancellations and delays.

Thu, 14 Mar 2019 20:37:37 GMT

Fed to announce plan to cease shrinking balance sheet

The US Federal Reserve is set tp announce plans to aimed top shrinking the bond stockpile next week and in June, Pimco, which oversees at least $1.66 trillion in assets, stated.

Thu, 14 Mar 2019 20:35:12 GMT

US considers sanctions to restrict MasterCard, Visa in Venezuela

The United States was considering imposing sanctions that could prohibit MasterCard, Visa and other financial institutions from processing their transactions in Venezuela, an official stated.

Thu, 14 Mar 2019 19:35:15 GMT

Germany's economy grows moderately in Q1

The German economy marked a subdued start in 2019 and probably rose moderately in the Q1, the Economy Ministry stated, warning that the industrial sector was likely to remain weak amid sluggish demand from abroad.

Thu, 14 Mar 2019 19:32:53 GMT

US import prices rise markedly in February

The US import prices grew by the most in the nine-month period in February, though the trend was still weak, with prices falling for the third month in succession on a yearly basis.

Thu, 14 Mar 2019 18:35:57 GMT

US new home sales decline more than anticipated in January

Sales of new single-family homes in the US fell more than anticipated in January, suggesting that a weakness in the property market persisted early in the Q1.

Thu, 14 Mar 2019 18:33:31 GMT

BMW, Daimler seek savings of $7.91B from shared platforms

Daimler and BMW were in talks to cooperate in car platforms' development for electric vehicles in a step, which could save carmakers at least $7.91B.

Thu, 14 Mar 2019 16:51:18 GMT

GE sees 2019 profit below expectations

General Electric stated on Thursday it forecast the 2019 profits to fall below analysts' expectations amid the restructuring spendings, sending its shares down 2% in premarket trading.

Thu, 14 Mar 2019 16:51:10 GMT

Tesla appoints Kirkhorn as Chief Executive

On Thursday, Tesla stated it had named Zachary Kirkhorn as the company's new Chief Financial Officer and as a successor to Deepak Ahuja.

Thu, 14 Mar 2019 15:51:46 GMT

Crispian has no plans for Nornickel stake sale

Roman Abramovich's firm Crispian did not plan any further sale of the mining titan Norilsk Nickel, according to the Interfax, following his $551M shares sale earlier that month.

Thu, 14 Mar 2019 15:51:28 GMT

Mubadala delays business deals with Goldman Sachs

Mubadala, Abu Dhabi's state investor, suspended new business deals with Goldman Sachs, after its subsidiary had filed a suit against the US lender and others, seeking to recover its losses after dealing with Malaysia's 1MDB.

Thu, 14 Mar 2019 14:54:31 GMT

Blue Air to rule on Boeing 737 MAX jet order

The Romanian carrier Blue Air will make a decision on the eight Boeing 737 MAX aircraft order only after a probe into the jet fatal crash that took place in Ethiopia is over.

Thu, 14 Mar 2019 14:51:56 GMT

VTB to move its Evrofinance stake to Russian state

The Russian state bank VTB is set to transfer its 25% stake in the Russia-Venezuela's lender Evrofinance Mosnarbank to Russia's stake for free, the bank's CEO Andrei Kostin stated on Thursday.

Thu, 14 Mar 2019 14:30:56 GMT

Dollar General sees 2019 profit below estimates

On Thursday, Dollar General said it was expecting the 2019 profit to miss analysts' forecasts, as it could be hit by higher store spending, the news that sent the discount retailer's shares down over 7%.

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