News

Note: This section contains information in English only.
Sun, 17 Jun 2018 06:31:48 GMT

Argentina's production, energy ministers to be replaced

On Saturday, Argentina's government stated it was planning to replace its production and energy ministers, following the ex-Central Bank head Federico Sturzenegger's resignation.

Sun, 17 Jun 2018 04:51:32 GMT

Oerlikon plans IPO of its drive systems unit amid expansion

OC Oerlikon is planning to launch an initial public offering of the drive systems business unit, which provides transmissions for Ferrari and Lamborghini, to fund the expansion of its textile and surfacing machinery units.

Sun, 17 Jun 2018 04:51:18 GMT

Royal Caribbean to buy majority stake in Silversea Cruises

Royal Caribbean Cruises announced it would acquire a majority stake of 66.7% in Silversea Cruises, the privately owned luxury cruise line, for about $1.0B amid intention to add it to the fleet.

Sun, 17 Jun 2018 04:23:11 GMT

Rathbone Brothers to acquire Scotland's Speirs & Jeffrey

Rathbone Brothers, the British wealth manager, has agreed to acquire Speirs & Jeffrey, its largest independent competitor in Scotland, bringing its assets up to $60B.

Sun, 17 Jun 2018 04:21:23 GMT

Bottega Veneta's creative head Maier steps down

Tomas Maier, Bottega Veneta's German designer is standing down as the creative director, the owner of the Italian leather goods brand Kering Group announced, providing no further details on the issue.

Sat, 16 Jun 2018 20:32:28 GMT

Brussels Airport's shareholders settle dispute, allow sale

Investors Macquarie and OTPP have made a legal dispute settlement over the Brussels Airport, paving the way for the transport hub sale to be launched after this summer, sources said.

Sat, 16 Jun 2018 20:25:51 GMT

China to implement 25% tariffs on US goods worth $50B

China is planning to impose additional 25% tariffs on 659 US goods worth $50B in retaliation to the same Washington's move, the country's commerce ministry announced.

Sat, 16 Jun 2018 19:38:34 GMT

Russia, EU grant approval to Fortum over Uniper's stake purchase

EU and Russian antitrust regulators have granted their approval to Fortum's bid on Friday to acquire a 46.65% stake in the German energy firm Uniper from E.ON.

Sat, 16 Jun 2018 19:35:28 GMT

Intesa looking for investor in its wealth management unit

On Friday, Intesa Sanpaolo's CEO stated he was talking to several potential investors to his wealth management business, as he seeks for a partnership with a global player in the asset management.

Sat, 16 Jun 2018 18:08:00 GMT

UK PM May expresses disappointment after "upskirting" law ban

On Friday, the Prime Minister of the UK Theresa May expressed her disappointment after a lawmaker from May's Conservative party had blocked an "upskirting law".

Sat, 16 Jun 2018 18:01:32 GMT

Tesco promises to end all-white board

On Friday, the Chief Executive Officer of the British retailer Tesco John Allan claimed that a company is planning to end all-white make-up of the directors board and make it more diverse. 

Sat, 16 Jun 2018 17:07:47 GMT

Italy's Interior Minister Salvini blasts NGO for saying he is a fascist

The Italian interior minister Matteo Salvini said on Saturday that foreign non-government organization (NGO) operating migrant rescue vessels in the Mediterranean Sea could not land in Italian ports.

Sat, 16 Jun 2018 17:07:27 GMT

President Trump personal lawyer signals willingness to cooperate

The United States President Donald Trump personal Lawyer Michael Cohen has indicated to close friends and family that he is willing to cooperate with federal investigators.

Sat, 16 Jun 2018 16:06:23 GMT

Trade worries have prompts international fund managers to search for alternatives

Rising trade tensions over world trade policy are causing some top international managers to search for the companies that can come out as winners.

Sat, 16 Jun 2018 16:06:04 GMT

Germany's Chancellor Merkel Backs migrant policy

German Chancellor Angela Merkel maintained on Saturday that a solution is needed for the European migrant crisis amid clashed with her Bavarian partners.

Sat, 16 Jun 2018 15:34:50 GMT

Theranos founder Holmes faces charges of wire fraud

On Friday, a founder of the blood-testing company Theranos Elizabeth Holmes was indicted on charges that she was involved in schemes to defraud investors, patients and doctors.

Sat, 16 Jun 2018 15:21:16 GMT

White House: Trump supports both Republican immigration bills

On Friday, the White House claimed that the US President Donald Trump supported two immigration bills offered by Republicans and being considered in the House of Representatives. 

Sat, 16 Jun 2018 14:17:38 GMT

Egypt rises fuel prices by 50% under IMF reform plan

On Saturday, the Oil Ministry of Egypt Tarek El Molla claimed that gasoline prices in Egypt has been raised by 50% as a part of IMF-backed plan to stabilise state's budget. 

Sat, 16 Jun 2018 14:11:53 GMT

SGX to continue listing and trading Nifty contracts

Singapore Exchange said that a court-appointed arbitrator has ordered it to continue trading and listing SGX Nifty contracts after August 2018 despite the dispute with India's National Stock Exchange.

Sat, 16 Jun 2018 13:23:09 GMT

Foxconn to open North American headquarters in Wisconsin

On Saturday, Taiwanese electronics contract manufacturing company Foxconn announced that it will open it North American headquarters in Milwaukee, Wisconsin. 

Sat, 16 Jun 2018 13:08:12 GMT

Siemens wins $2B contract to build 94 London tube trains

On Saturday, Transport for London stated that Germany's Siemens AG has been awarded $2B worth agreement to design and build 94 trains for London's metropolitan train network. 

Sat, 16 Jun 2018 12:23:35 GMT

Foremer Carrefour CEO to give up part of payout

On Saturday, French retailer Carrefour claimed that its former chief executive Georges Plassat will give up a part of his €4M leaving package after the pressure from the government, unions and employer's bodies.

Sat, 16 Jun 2018 12:03:00 GMT

Austrian Kurz wants EU leaders to agree on strengthening Frontex

On Saturday, Chancellor of Austria Sebastian Kurz claimed he hopes that leaders of EU will reach a consensus on strengthening European border agency Frontex at informal meeting in September. 

Sat, 16 Jun 2018 11:19:38 GMT

FedEx says US tariffs on China goods are counterproductive

On Friday, FedEx Corp, the global delivery firm, called the US tariffs in China's goods counterproductive, as the move would lift prices for American consumers and businesses.

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