News

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Thu, 17 Jan 2019 14:37:38 GMT

Jet Airway's lenders consider restructuring plan

Jet Airway's creditors are currently weighing the restructuring plan to resolve the carrier's debt issues, SBI stated on Thursday, due to reports its shareholders are set to resolve their differences.

Thu, 17 Jan 2019 14:28:16 GMT

US initial jobless claims fall 3K unexpectedly last week

The number of applications for US unemployment benefits dropped unexpectedly to 213K in the week ending January 12 from the preceding 216K reading, and missing analysts' expectations for a rise to 219K.

Thu, 17 Jan 2019 13:00:07 GMT

China's growth seen to fall to 6.3% this year

China's economic growth is likely to slow to 6.3% in 2019 due to weakening domestic demand, as well as exports that are hit by the US sanctions, according to Reuters poll published on Thursday.

Thu, 17 Jan 2019 12:54:11 GMT

Germany's RWE owns $1.7B/year on renewable expansion

Germany's electricity and gas supplier RWE has around $1.7B per year for wind and solar power capacity expansion, as it is set to receive Innogy and E.ON's renewable units to form an 8.6 GW joint renewable capacity.

Thu, 17 Jan 2019 12:38:31 GMT

US lawmakers put more pressure in ZTE, Huawei

US lawmakers accelerated their pressure on ZTE and Huawei, banning the US chips sale or other electronic parts to the Chinese telecommunications firms, which are violating the US export control laws or sanctions.

Thu, 17 Jan 2019 12:23:27 GMT

Macquarie attracts $5.0B for North America's infrastructure fund

On Thursday, the Australian Macquarie Group's investment unit announced it had raised $5.0B for the company's latest fund, as it seeks to make an investment into North American infrastructure.

Thu, 17 Jan 2019 10:58:37 GMT

Hitachi freezes nuclear project in UK

On Thursday, representatives of the Japanese company Hitachi announced that they will freeze a $28 billion nuclear project in Wales due to Brexit.

Thu, 17 Jan 2019 10:57:50 GMT

Top North Korean envoy visits US

On Thursday, it was revealed by Yonhap news agency that a top envoy of North Korea is visiting the United States for denuclearization talks.

Thu, 17 Jan 2019 10:39:44 GMT

Husky Energy to get over 50% support in hostile MEG takeover

Canada's Husky Energy is expecting to secure the majority of more than 50% of support from the MEG Energy shareholders for its hostile takeover worth C$3.3B.

Thu, 17 Jan 2019 10:36:42 GMT

WESCO International to buy Osram's lighting unit

The US-based WESCO International is set to acquire Osram's North American lighting business in a deal worth less than €100M, both firms announced on Wednesday.

Thu, 17 Jan 2019 09:38:59 GMT

Deutsche Bank shares jump as regulators seek EU tie-up

Shares in Deutsche Bank surged on Wednesday, as Bloomberg reported that regulators would like Germany's lender to tie up with an EU competitor rather than the local rival Commerzbank.

Thu, 17 Jan 2019 09:35:15 GMT

Louis Dreyfus to leave dairy this year amid continuing revamp

On Wednesday, Louis Dreyfus Company stated it would wind own or sell its small dairy unit by the mid-2019, as part of reorganisation to revamp the agricultural commodity giant's growth.

Thu, 17 Jan 2019 07:58:10 GMT

Lion Air, Garuda Indonesia plans to form JV

Lion Air and Garuda Indonesia, the engineering units of the two largest airlines in Indonesia, are planning to form a joint venture for aircraft, components and engine maintenance, Reuters reported on Thursday.

Thu, 17 Jan 2019 07:40:09 GMT

Gymboree Group files for Chapter 11 one more time

Gymboree Group, Children's clothing retailer, has filed for the bankruptcy protection for the second time in nearly two years, the company announced on Wednesday, adding it would shut down 800 Crazy 8 and Gymboree stores.

Thu, 17 Jan 2019 07:38:01 GMT

Alstom sees completing tie-up with Siemens soon

Alstom, France's transport infrastructure group, stated it expected the Siemens tie-up to be completed in the first half of 2019, after winning regulators' approval, as watchdog was concerned about competition the deal could hit.

Thu, 17 Jan 2019 06:39:19 GMT

South Korea's industrial parts, materials' exports hit record high last year

South Korea's industrial parts and materials' exports hit a record high last year amid demand for locally-made fuel cell and semiconductor.

Thu, 17 Jan 2019 06:37:09 GMT

Singapore's non-oil exports to China rebound in December

Singapore's NODX to China increased by 15.4% year-over-year in December, compared to the prior month's 16.4% contraction.

Thu, 17 Jan 2019 05:39:27 GMT

Japanese government underestimated wage data

Japan's workers' monthly wages were underestimated 0.6% on average in the period from 2012 to 2018 period amid a faulty method of polling, which came to light recently.

Thu, 17 Jan 2019 05:36:49 GMT

British house sales projections weakest as Brexit nears

A measure of anticipated British house sales in the next three-month period was the weakest in December as Brexit approached, a survey revealed.

Thu, 17 Jan 2019 04:23:31 GMT

Germany set to exclude China's Huawei from 5G auction

The German government was considering stricter requirements of security to exclude China's Huawei Technologies from a build-out of 5G mobile networks.

Thu, 17 Jan 2019 04:20:24 GMT

Record production of US crude weighs on oil prices

Oil prices declined on Thursday, as the US crude production approached an unprecedented 12M bpd just as worries over weakening demand emerge.

Thu, 17 Jan 2019 03:35:07 GMT

Hyundai, Kia make new recall of 168K vehicles in US for fire risks

Hyundai Motor and affiliate Kia Motors announced plans to recall about 168K vehicles in the US at fuel leaks risk and to suggest software updates for 3.7M vehicles.

Wed, 16 Jan 2019 20:53:43 GMT

Inflation in Israel rises 0.8% in 2018

The consumer price index in Israel increased 0.8% in 2018, below a target of 1% to 3%, the Central Bureau of Statistics reports.

Wed, 16 Jan 2019 20:53:01 GMT

China, UAE to boost sustainable development

China and the United Arab Emirates plan to jointly improve sustainable development in the world, says Chinese President Xi Jinping's special representative Yang Jiechi.

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