News

Note: This section contains information in English only.
Tue, 05 Feb 2019 16:23:59 GMT

Alstom has no plans to appeal if Siemens deal scrapped

France's train manufacturer Alstom is unlikely to file an appeal against the possible rejection by the EU regulators of its deal with Siemens, the company's CEO Henri Poupart-Lafarge stated on Tuesday.

Tue, 05 Feb 2019 16:18:05 GMT

Apple agrees with France to pay back-dated tax

Apple, the US technology giant, has signed an agreement with French authorities to pay an undisclosed amount of the back-dated tax, potentially worth $571M, according to French media.

Tue, 05 Feb 2019 15:38:33 GMT

VW seeks Swedish investors to lead Traton IPO

Volkswagen has entered talks with the Swedish investors, AP Fund 1 & 4, AMF, Folksam and Investor AB, as it seeks them to become the major shareholders in its dual IPO of the Traton trucks unit.

Tue, 05 Feb 2019 15:30:15 GMT

TIM auditors unable to meet Vivendi request on meeting

Telecom Italia auditors stated they were unable to comply with the major investor Vivendi's request for holding the shareholder meeting potentially planned for this month with the aim to replace five members of the board.

Tue, 05 Feb 2019 14:00:46 GMT

GSK wins rights to Merck's immunotherapy

GlaxoSmithKline has boosted its pipeline for cancer drug development on Tuesday and agreed to pay about $4.22B to the German firm Merck KgaA for its rights to immunotherapy.

Tue, 05 Feb 2019 13:51:40 GMT

GM to add 1K jobs to Michigan's Flint pickup truck plant

On Tuesday, General Motors announced it would add 1K new workers to establish heavy-duty pick-up trucks at the company's plant in Michigan, giving the priority to the ex-GM employees.

Tue, 05 Feb 2019 13:31:28 GMT

T-Mobile vows to halt price growth if merger approved

On Tuesday, the T-Mobile US announced it would halt the price growth for three years, including some exceptions, if it received an approval to acquire its competitor Sprint Corp in a deal worth $26B.

Tue, 05 Feb 2019 11:51:14 GMT

US allows emission claims against Daimler to proceed

On Tuesday, it was revealed by Reuters that a US judge has allowed to proceed to almost all claims against Daimler AG in regards to excess emissions in diesel cars.

Tue, 05 Feb 2019 11:50:51 GMT

EU, Qatar close to finalise air services deal

The European Union and Qatar are entering the final stages of completing the comprehensive air transport deal covering fair transparency and competition, the Qatar Airways CEO stated on Tuesday.

Tue, 05 Feb 2019 10:55:56 GMT

Nissan calls extraordinary shareholder meeting

Nissan Motor on Tuesday announced that the company will hold a shareholder meeting on April 8 to formally change the chairman of the company.

Tue, 05 Feb 2019 10:27:04 GMT

Britain's FirstGroup seeks regional bus unit sale

FirstGroup, the British transport company, has launched a sale of one of its biggest regional bus divisions in Manchester in the cut-price deal worth as little as £20.0M, according to the Telegraph.

Tue, 05 Feb 2019 10:15:37 GMT

GE to finalise transportation arm spin-off soon

General Electric stated it had expected to finalise the merger deal between its transportation unit and Wabtec Corp by February 25, setting record date for the shares distribution.

Tue, 05 Feb 2019 09:33:05 GMT

Mubadala sells 34.9M shares in AMD chipmaker

Abu Dhabi's Mudabala has sold 34.9M common equity shares of Advanced Micro Devices, planning to convert about 75M warrants in the US chipmaker, the company's spokesperson stated on Tuesday.

Tue, 05 Feb 2019 09:23:45 GMT

Germania airline files for insolvency

On Tuesday, the German carrier Germania announced about filing for an insolvency, planning to terminate its flight operations immediately due to a stronger dollar and growing fuel prices.

Tue, 05 Feb 2019 08:14:38 GMT

Panasonic shares drop on profit warning

Shares in Panasonic plunged as much as 6.5% on Tuesday on the EV battery developer's report about a fall in its quarterly profit, cutting its annual forecast, and after its rival Tesla's announcement about the battery deal with Maxwell.

Tue, 05 Feb 2019 08:10:58 GMT

Merkel lays out conditions for Huawei's role in 5G network

On Tuesday, Germany's Chancellor Angela Merkel has made conditions for Huawei Technologies' participation in building the 5G network, saying the Chinese tech giant must guarantee it would not hand over the private data to China.

Tue, 05 Feb 2019 07:28:07 GMT

Boeing to accelerate 737 jet production

Boeing is seeking to speed up the production of its 737 jetliner to 57, compared to the current rate of 52, in early June, as the company is trying to keep up with the surging global demand and its EU rival.

Tue, 05 Feb 2019 07:15:00 GMT

GM to cut 4K jobs amid restructuring

General Motors is set to slash about 4K job positions in its latest restructuring round announced in November that would ultimately trim the carmaker's workforce by 15% out of 54K in North America.

Tue, 05 Feb 2019 05:52:14 GMT

USD remains steady on Tuesday

During the early hours of Tuesday's trading session the value of the US Dollar remained steady. Financial media attributed the event to a recovery of investor appetite.

Tue, 05 Feb 2019 05:37:28 GMT

Reserve Bank of India might cut rates

On Tuesday, it was revealed by Indian officials that the Reserve Bank of India is likely going to cut interest rates, if inflation in India remains below four percent.

Tue, 05 Feb 2019 05:31:45 GMT

Australian Dollar recovers due to fundamentals

As the Australian central bank announced that it will keep its base rate unchanged, the Australian Dollar began to recover previous losses against other currencies.

Tue, 05 Feb 2019 05:31:12 GMT

Reserve Bank of Australia keeps rate unchanged

On Tuesday, the Reserve Bank of Australia made a rate announcement. The central bank kept their base rate unchanged at 1.5%.

Tue, 05 Feb 2019 04:33:19 GMT

British shoppers rise spending cautiously in January

The UK consumers increased the pace of shopping in January, which grew by the most in the seven-month period, giving a relief to retailers after the worst Christmas in a decade.

Tue, 05 Feb 2019 04:30:05 GMT

Alphabet's increased spending worries investors

Alphabet reported markedly higher spending on employees, facilities and video content in the Q4, worrying investors and sending the comapny's shares down nearly 3% after hours.

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