News

Note: This section contains information in English only.
Thu, 28 Jun 2018 18:07:05 GMT

Pence asks for increased pressure on Venezuela

The US Vice President Mike Pence urged Latin American countries to increase pressure on Venezuela during a meeting with the Ecuadorean President Lenin Moreno on Thursday.

Thu, 28 Jun 2018 17:57:57 GMT

SEC proposes looser rules for ETF approvals

The US Securities and Exchange Commission has proposed to loosen rules for the approval of low-risk exchange-traded funds to enhance innovation and competition.

Thu, 28 Jun 2018 16:55:59 GMT

CFTC, SEC sign MOU to enhance cooperation

The US Commodity Futures Trading Commission and the Securities and Exchange Commission have signed a Memorandum of Understanding to strengthen cooperation between both agencies.

Thu, 28 Jun 2018 16:55:18 GMT

China to remove wide range of foreign ownership restrictions

The Chinese government published on Thursday a list of restrictions related to foreign ownership that would be removed starting from July 28.

Thu, 28 Jun 2018 15:50:25 GMT

BoE's Haldane projects gradual rate hikes

The Bank of England's Chief Economist Andy Haldane expects gradual increases in interest rate in line with the Bank's forecasts even despite him voting for a rise last week.

Thu, 28 Jun 2018 15:49:58 GMT

Starbucks shares fall after CFO announces retirement

Shares of Starbucks Corp fell 2% on Thursday following the announcement that the company's Chief Financial Officer Scott Maw would retire in November 2018.

Thu, 28 Jun 2018 14:59:52 GMT

Yellen says tax cuts likely to result in limited productivity growth

The former Chair of the Federal Reserve Janet Yellen explained on Thursday that the US tax cuts were likely to provide only limited productivity boost to the country's economy.

Thu, 28 Jun 2018 14:57:32 GMT

Amazon prepares for acquisition of PillPack

Amazon Inc announced on Thursday that it planned to acquire the online pharmacy company PillPack in a bid to enter the US healthcare sector.

Thu, 28 Jun 2018 13:52:01 GMT

Kaufhof talks likely to be postponed amid possible JV

Labour representatives at Germany's department store chain Galeria Kaufhof are planning to delay the restructuring talks on the back of reports over a potential joint venture with the Austrian firm Signa.

Thu, 28 Jun 2018 13:51:19 GMT

Sempra Energy considers sale of its US renewable energy assets

On Thursday, the US utility Sempra Energy stated it is planning a sale of some of its renewable energy assets and gas storage in the United States, seeking to raise between $1.47B and $1.55B within the second quarter.

Thu, 28 Jun 2018 13:26:48 GMT

China's Hisense lifts stake in Slovenian firm Gorenje

On Thursday, the Ilirika brokerage reported that China's Hisense Electric has raised its stake in Slovenia's Gorenje, the household appliances producer, to 95.4%.

Thu, 28 Jun 2018 13:21:03 GMT

Generali to launch exclusive talks over German life book sale

Italy's Generali is launching exclusive negotiations over a potential sale of the company's German life insurance portfolio worth $48B to the private equity firm Viridium.

Thu, 28 Jun 2018 12:33:46 GMT

Athene in discussion over GE's insurance unit acquisition

According to the Financial Times, Apollo Global Management's life insurance division Athene Holding is at an early stage of talks to acquire General Electric's care insurance business.

Thu, 28 Jun 2018 12:30:18 GMT

Poland's Pekao seen to pursue merger with Alior

The Polish Bank Pekao is expected to propose a merger with its rival Alior Bank, but saying it is planning to postpone a recommendation on their collaboration until June.

Thu, 28 Jun 2018 11:23:44 GMT

Samsung, Apple reaches settlement on US patent dispute

On Wednesday, Samsung and Apple have settled their seven-year long patent dispute on the allegations from Apple that Samsung had violated its patents by copying iPhone's design.

Thu, 28 Jun 2018 11:20:08 GMT

Strada acquires rights to Nizoral shampoo from J&J

Strada, Germany's generic drug producer, is acquiring the rights to Nizoral anti-dandruff shampoo from its owner Johnson & Johnson's Janssen Pharmaceutica, its interim CEO stated on Thursday.

Thu, 28 Jun 2018 10:11:02 GMT

Media blames trade wars for US Dollar surge

Global financial media on Thursday continued to blame trade wars for the appreciation of the US Dollar. Meanwhile, almost none noted the recent increase of US central banks interest rate that should be causing an increase of the demand for the US Dollar.

Thu, 28 Jun 2018 10:10:27 GMT

Chinese decline US proposal in airline dispute

The dispute that was created between the US and Chinese authorities due to how American airlines refer to Taiwan is not likely going to get solved, as the Chinese counterpart has rejected US request for talks.

Thu, 28 Jun 2018 09:37:27 GMT

BrightView Holdings' listing priced at $22 per share

BrightView Holdings, the commercial landscaper, stated on Wednesday its initial public offering had been priced at $22 a share, less than the company was planning.

Thu, 28 Jun 2018 08:33:02 GMT

Waymo seeks to extend its car number for EU robo-taxis

Waymo, Alphabet's self-driving division, is seeking to extend the number of its vehicles needed for expansion of the company's robo-taxi service in Europe, its CEO stated on Thursday.

Thu, 28 Jun 2018 08:30:19 GMT

Walmart launches 3D virtual shopping tour

Walmart announced late on Wednesday it was launching a 3D virtual shopping online to help its customers choose the items from the national brands for their homes.

Thu, 28 Jun 2018 06:52:34 GMT

T-Mobile, Sprint defending their merger before US Senate panel

On Wednesday, ,T-Mobile and its rival mobile phone operator Sprint were defending their proposed $26B merger before the US Senate panel, claiming it would add new jobs and not lift prices.

Thu, 28 Jun 2018 06:52:21 GMT

GT Capital plans $202M investment in Toyota Motor

Philippines' GT Capital Holdings is set to acquire Toyota Motor's shares worth up to $201.6M, the Asian conglomerate stated on Thursday.

Thu, 28 Jun 2018 06:37:30 GMT

Marfrig Global Foods nears decision over Keystone sale

The Brazilian company Marfrig Global Foods is nearing to a decision on its US unit Keystone Foods sale, which provides chicken to the popular restaurants chains.

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