News

Note: This section contains information in English only.
Tue, 11 Dec 2018 15:37:20 GMT

India names Shaktikanta Das as new RBI governor

India's government has named Shaktikanta Das, the ex-finance ministry official, as the new governor of the Reserve Bank of India on Tuesday, replacing Urjit Patel, who had recently resigned from this position.

Tue, 11 Dec 2018 15:34:12 GMT

Carmakers surge on news China could trim US tariffs

On Tuesday, the carmakers' shares surged about 2% after a report that Chinese government could trim the tariffs on US vehicles to 15% from the current 40%, according to Bloomberg.

Tue, 11 Dec 2018 14:37:35 GMT

US-Israeli firm Quali attracts $22.5B in private funding round

On Tuesday, the US-Israeli software company Quali announced it had raised $22.5M in the Jerusalem Venture Partners-led private funding round, as the firm aimed to expand its presence in the US.

Tue, 11 Dec 2018 14:32:00 GMT

US producer prices rise unexpectedly in November

The US producer prices increased unexpectedly in November, as surge in the cost-of-service pricing offset a sharp fall for energy products; however, the overall momentum in the wholesale inflation is slowing.

Tue, 11 Dec 2018 13:23:06 GMT

Castlelake to acquire jets from Airasia for $800M

The US private equity fund Castlelake LP signed an agreement to acquire a portfolio of around 30 narrowbody aircraft from AirAsia Group in a deal worth $800M, sources reported.

Tue, 11 Dec 2018 12:58:09 GMT

Morrisons shares soar on possible takeover approach

On Tuesday, WM Morrisons' shares surged as much as 2.9% amid rumours about a possible takeover approach that could be made towards the British supermarket chain by the US online retailer Amazon.com.

Tue, 11 Dec 2018 12:39:50 GMT

Brazil's future environment minister seeks country to stay in Paris accord

The Brazilian future environment minister stated he would seek his country to stay in the Paris Climate Agreement.

Tue, 11 Dec 2018 12:37:24 GMT

EU's Tusk to hold meeting with Britain's PM May on Tuesday

The European Union's summit Chairman Donald Tusk will hold a meeting with the UK Prime Minister Theresa May, scheduled for 1600 GMT on Tuesday, Tusk's spokesman reported.

Tue, 11 Dec 2018 11:17:40 GMT

Economic sentiment increases in Germany

The ZEW research institute published on Monday their German economic sentiment research results. In general, the sentiment revealed that German businesses expect economic conditions to improve in the upcoming months.

Tue, 11 Dec 2018 11:17:16 GMT

Hyundai R&D chairmen offer their resignations

On Tuesday, two vice chairmen from Hyundai Motor Group, who are leading research and development, offered their resignations.

Tue, 11 Dec 2018 10:37:35 GMT

Instagram names Vishal Shah as new Head of Product

Instagram, the Facebook-backed photo-sharing app, announced on Monday about the promotion granted to Vishal Shah from the Product Management Director to the Head of Product.

Tue, 11 Dec 2018 10:34:22 GMT

Uber seeks integrating London Tube, bus timetables into app

Uber Technologies is seeking integration of the London Tube and bus timetables into its application, putting the ride-hailing service into the direct competition with Citymapper, according to Financial Times.

Tue, 11 Dec 2018 09:39:29 GMT

Daimler to purchase EV battery cells worth $22.75B

Germany's luxury automaker Daimler announced on Tuesday it would acquire the electric vehicle battery cells worth $22.75B by 2030, as the company prepared for mass production of the hybrid and electric cars.

Tue, 11 Dec 2018 09:35:52 GMT

Apple rolls out payments service in Germany

On Tuesday, Apple has officially released its mobile payments service Apple Pay in Germany, four years after it had launched the app in the United States.

Tue, 11 Dec 2018 08:39:25 GMT

Chinese court bans older iPhone models sales

China's court has imposed a ban on the older iPhone models sales in the country over Apple's violation of two Qualcomm's patents.

Tue, 11 Dec 2018 08:36:20 GMT

Avista, Hydro One to file petition over merger deal rejection

Canada's electric utility Hydro One and its buyout goal Avista are planning to file a petition, urging the Washington UTC to reconsider the rejection of their merger deal.

Tue, 11 Dec 2018 07:31:36 GMT

Abertis seeks acquisition deals under new owners

Spain's motorway group Abertis is set to look at new potential acquisition deals in the target markets under its new owners, Hochtief, ACS and Atlantia, the company's Chairman Marcelino Fernandez Verdes stated on Tuesday.

Tue, 11 Dec 2018 07:19:23 GMT

Verizon to cut nearly 10,5K jobs by mid-2019

On Monday, Verizon Communications stated it would cut about 10,400 jobs by the middle of next year amid the US wireless carrier's voluntary separation programme.

Tue, 11 Dec 2018 05:54:25 GMT

Mexico will invest $30 billion in poorer states

The Foreign Minister of Mexico on Monday announced that Mexico will invest into various projects more than $30 billion in the southern states during the next five years.

Tue, 11 Dec 2018 05:53:30 GMT

Crude Oil prices rise on Tuesday

On Tuesday, crude oil prices surged. Financial media attributed the surge to the Libyan National Oil Company's difficulties with exporting oil, as militants have captured an oil field.

Tue, 11 Dec 2018 05:35:04 GMT

British Pound continues to decline

During the Asian session on Tuesday the British currency continued to decline, as the announcement of the delay of the Parliament vote on the Brexit deal started a descent of the GBP already on Monday.

Tue, 11 Dec 2018 05:34:36 GMT

Trade optimism strengthens Asian markets

On Tuesday, the financial media attributed the surge in Asian stock prices to the fact that China confirmed that it is in trade negotiations with the United States.

Tue, 11 Dec 2018 04:33:10 GMT

Restaurant Brands inks agreement to expand Taco Bell in Australia, NZ

Fast-food group Restaurant Brands New Zealand singed a deal to expand "Tex-Mex" food chain Taco Bell's brand in Australian New South Wales and New Zealand, the company stated.

Tue, 11 Dec 2018 04:30:15 GMT

Mexico to invest $30B to fuel groth

Mexico is likely to invest more than $30B in the country's poor states over the next five-year period, the Foreign Minister stated, boosting the region economically within efforts to stem migration.

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