News

Note: This section contains information in English only.
Wed, 06 Jun 2018 19:42:11 GMT

Deutsche Bank will cut one billion euros in costs

The investment banking arm of Deutsche Bank is set to cut costs by nearly one billion Euros, the bank's CFO announced on Wednesday.

Wed, 06 Jun 2018 19:41:58 GMT

VW expects delays in production

Volkswagen representatives announced on Wednesday that, due to new testing rules, the company's car production will experience bottlenecks.

Wed, 06 Jun 2018 18:47:46 GMT

Opponents to new US oil pipeline prepare for last push

Opponents to the updated Enbridge Canada-US oil pipeline have been reportedly preparing for a last effort to convince the Public Utilities Commission of Minnesota to stop the project.

Wed, 06 Jun 2018 18:46:23 GMT

Tesla stock is praised for tech surge

As Nasdaq tech index was in its fourth consecutive session of gains, Tesla stock as being praised as the main mover of the index.

Wed, 06 Jun 2018 17:56:26 GMT

CFO of Fitbit quits and joins new start-up

The Chief Financial Officer of Fitbit has quit to join an autonomous vehicle start up. The company's stock dropped 6.8% on the news.

Wed, 06 Jun 2018 17:56:11 GMT

ECB boosts Euro by commenting on end of stimulus

The common European currency rose to a two-week high level on Wednesday due to ECB officials commenting that its stimulus program might get decreased.

Wed, 06 Jun 2018 16:55:41 GMT

EIB won't ignore US sanctions on Iran

On Wednesday, the European Investment Bank announced that it can't ignore the potential sanctions that the US is set to put on Iran.

Wed, 06 Jun 2018 16:54:59 GMT

Head of Athenahealth steps down

The Chief Executive Officer of Athenahealth Jonathan Bush left the company, on Wednesday. Moreover, the company announced that it might be up for sale.

Wed, 06 Jun 2018 15:51:08 GMT

Israeli government will invest in transportation start-ups

It was announced on Wednesday that the government of Israel will invest 30 million Israeli Shekels into transportation technology start-ups.

Wed, 06 Jun 2018 15:50:49 GMT

Italian government will review banking reform

The new government of Italy is set to review the shake-up of mutual and co-op banks, which was conducted by the previous government.

Wed, 06 Jun 2018 15:06:08 GMT

Tech stocks start Wednesday's trading mixed

After the recent surge of tech stocks, the sector started Wednesday's trading session mixed mainly due to the decline of Facebook shares.

Wed, 06 Jun 2018 15:05:36 GMT

US lawmakers pressure Facebook

Two key lawmakers of the United States on Wednesday pressured Facebook about not being transparent enough over sharing data with Chinese companies.

Wed, 06 Jun 2018 14:37:19 GMT

Cainiao venture to make $1.53B investment in HK logistics hub

Alibaba Group Holding's Cainiao joint venture is set to make an investment worth $1.53B in Hong Kong's new logistics centre, seeking to expand the company's global delivery network.

Wed, 06 Jun 2018 14:30:42 GMT

Mirvac Group acquires 50% stake in Blackstone fund's Sydney property

Australia's property developer and landlord Mirvac Group announced on Wednesday it would acquire a 50% stake from Blackstone Group's LP-managed fund in its Sydney property.

Wed, 06 Jun 2018 13:37:23 GMT

Uniper CEO seeks to keep group independent amid Fortum deal

Uniper's CEO Klaus Schaefer stated on Wednesday he would try to maintain his energy firm independent, a few weeks ahead of its rival Fortum to take the majority stake in the group.

Wed, 06 Jun 2018 13:31:30 GMT

Air China clinches deal with Air Canada to expand cooperation

On Wednesday, Air China and Air Canada have established a joint venture to expand their cooperation that would significantly raise Air Canada's presence in China's market, making it the largest by 2022.

Wed, 06 Jun 2018 12:38:14 GMT

Devon Energy sells EnLink Midstream's interests

On Wednesday, Devon Energy, the oil and gas producer, stated it would be selling the interests in EnLink Midstream to Global Infrastructure Partners in an all-cash deal worth $3.13B.

Wed, 06 Jun 2018 12:35:18 GMT

FCA to probe UK bank TSB on IT outage

On Wednesday, FCA said it would launch an investigation into the British bank TSB over its IT outage, criticising its head Paul Pester.

Wed, 06 Jun 2018 11:39:47 GMT

Innoviz ties up with HiRain on lidar supply to China's carmakers

On Wednesday, Israeli Innoviz Technologies has partnered with China's car products supplier HiRain Technologies to provide laser-based sensors to the Chinese carmakers.

Wed, 06 Jun 2018 11:35:28 GMT

Siemens starts inquiry into electric aircraft crash

Siemens experts have launched an inquiry into a fatal crash of an electric aircraft in Hungary that claimed lives of two people, a pilot and a passenger.

Wed, 06 Jun 2018 10:14:41 GMT

Uber to launch bike-sharing service JUMP Bikes in Europe

Uber announced on Wednesday that it was ready to launch JUMP Bikes, a sharing service of electric bicycles, in the European market.

Wed, 06 Jun 2018 10:10:01 GMT

Euro boosted by stronger inflation outlook

The Euro surged to a ten-day high of 1.1747 on Wednesday in response to a hawkish comment made by the ECB Chief Economist Peter Praet about strong inflation prospects.

Wed, 06 Jun 2018 08:50:39 GMT

International Paper to call off proposal for Smurfit Kappa

On Tuesday, International Paper has confirmed it would not bid for the Irish packaging firm Smurfit Kappa due to the lack of Smurfit management's engagement.

Wed, 06 Jun 2018 08:23:20 GMT

Northrop Grumman gets approval to acquire Orbital ATK

Northrop Grumman, the US defence contractor, has gained the antitrust approval from the United States to acquire Orbital ATK, the rocket motor supplier, the FTC reported on Tuesday.

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