News

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Sat, 16 Feb 2019 16:53:31 GMT

Payless ShoeSource to begin liquidation sales

The US discount retailer Payless ShoeSource stated it would start going-out-of-business sales at Puerto Rico and the US stores on February 17 and wind down the company's e-commerce operations.

Sat, 16 Feb 2019 16:53:26 GMT

Bank lending to small firms key to boost Chinese growth

The PBoC official stated that China should encourage the country's banks to support small, private companies in the real economy, rather than policies or forced lending.

Sat, 16 Feb 2019 16:01:22 GMT

Car sales of Volkswagen decline 1.8 pct in Jan.

Total Volkswagen's car sales decreased 1.8% an annual basis in January, the EU largest vehicle maker stated, as the company delivered a total of 882K cars in the first month of this year.

Sat, 16 Feb 2019 15:57:18 GMT

Amazon cancels plans for HQ2 in NY

The US e-commerce major Amazon cancelled plans to build the company's new headquarters in New York amid opposition from some local and state politicians.

Sat, 16 Feb 2019 15:30:32 GMT

Singapore's GDP growth likely below 1.5%-3.5% range midpoint

Singapore's GDP is expected to rise 1.5% to 3.5% in 2019, with increase expected to come in below the middle point of the forecast range, the MTI stated.

Sat, 16 Feb 2019 15:27:40 GMT

Philippine remittances at new high in December 2018

Personal remittances from OFs registered a record-high $3.2B in December last year, up 3.6% year-over-year, the Central Bank of Philippines stated.

Sat, 16 Feb 2019 14:38:13 GMT

Vapiano underperforms 2018 forecast

On the basis of unaudited data, Vapiano anticipated sales for the financial year of 2018 to range around €370M, organic growth of negative 1% and around €29M to €31M adjusted EBITDA.

Sat, 16 Feb 2019 14:28:55 GMT

Uber posts $50B in yearly bookings

Uber Technologies had $50B in total bookings for the company's food-delivery and ride-service businesses in 2018, a testament to the global reach of the firm, as it prepares for IPO.

Sat, 16 Feb 2019 13:20:00 GMT

Michael Calvey ready to cooperate with investigators

The detained head of one of the Russia's largest private equity companies Michael Calvey stated on Saturday that he was ready to help the investigation into supposed financial misconduct.

Sat, 16 Feb 2019 13:14:38 GMT

US disagrees with Germany's stance on Russia

The Vice President of the United States Mike Pence stated on Saturday that the White House did not share Germany's call to make Russia part of international cooperation efforts.

Sat, 16 Feb 2019 12:16:53 GMT

US calls EU to drop Iran nuclear deal

On Saturday, the US Vice President Mike Pence called Germany, France and other countries of the European Union to withdraw from the Iran nuclear deal.

Sat, 16 Feb 2019 12:13:17 GMT

US urges EU to recognize Guaido

The US Vice President Mike Pence on Saturday called the European Union to recognize Juan Guaido as the new President of Venezuela.

Sat, 16 Feb 2019 11:20:35 GMT

Trump tries to push border wall

On Friday, the US President Donald Trump proclaimed national emergency in an attempt to allocate funds for construction of the border wall without approval from the Congress.

Sat, 16 Feb 2019 11:15:31 GMT

Germany considers Russia a partner

The German Chancellor Angela Merkel stated on Saturday that it wan in European interests to treat Russia as a partner and to allow it to become dependent solely on China.

Sat, 16 Feb 2019 10:13:58 GMT

Nigeria moves elections to next weekend

The head of Nigerian Electoral Commission Mahmood Yakubu stated on Saturday that the presidential elections were rescheduled to February 23, as a step needed to ensure transparent elections.

Sat, 16 Feb 2019 10:09:28 GMT

US understands India's anger over Kashmir attack

The Foreign Ministry of India stated on Saturday that the United States backs the country's right to take defensive measures, especially in light of militants attack in Kashmir.

Sat, 16 Feb 2019 08:53:10 GMT

Honda Motor recalls Ridgelines amid fire danger

Honda recalled more than 107K of Ridgeline pickup trucks amid a flaw, which could spark, fire following exposure to corrosive soap in car washes.

Sat, 16 Feb 2019 08:53:01 GMT

Renault profits fall sharply last year

Renault profits dropped markedly in 2019 from a record $5.75B in the prior year, the French automaker stated in the first annual report since the arrest of former CEO Carlos Ghosn.

Sat, 16 Feb 2019 07:52:08 GMT

HNA diminishes stake in Deutsche Bank

China's conglomerate HNA cut the stake in Deutsche Bank to 6.3%, according to the US SEC filing, which marked a reduction from 7.64% of voting rights in the recent filing in Germany.

Sat, 16 Feb 2019 07:48:46 GMT

Mattel forecasts weak 2019

Mattel announced a disappointing forecast for this year and stated that demand for the company's iconic Barbie doll slowed, triggering an 18% decline in shares.

Sat, 16 Feb 2019 07:31:00 GMT

Citi US economic index falls markedly this week

Citi Research's gauge over the US economic data fell surprisingly 40.7 points this week for the biggest weekly drop in eight years, as the latest report on factory output and retail sales missed market expectations.

Sat, 16 Feb 2019 07:29:30 GMT

Mastercard, Visa mull rising fees for transactions' processing

Mastercard and Visa, the two largest US card networks, were preparing to increase certain fees laid on the US merchants for processing of transactions starting from this April, the WSJ reported.

Sat, 16 Feb 2019 06:30:51 GMT

Mexico to invest $3.9B in Pemex

Mexico is set to inject $3.9B into ailing state oil firm Pemex, officials stated, pledging to strengthen finances and prevent a downgrade in further credit.

Sat, 16 Feb 2019 06:28:14 GMT

China's Didi plans Peru, Chile launches to take on rival Uber

China's ride-hailing major Didi Chuxing announced plans to take over the US rival Uber in some of Latin America's expanding markets, recruiting managers in Peru, Chile and Colombia.

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