News

Note: This section contains information in English only.
Wed, 06 Jun 2018 08:18:04 GMT

Tronc's shareholder halts stake sale to McCormick Media

On Wednesday, the newspaper publisher Tronc's top shareholder has terminated the company's stake sale to McCormick Media, after the investor firm had breached its obligations.

Wed, 06 Jun 2018 08:17:50 GMT

Kentas to head UBS's consumer and retail M&A in US

UBS Group has hired the former Deutsche Bank's managing director to lead its US consumer and retail mergers and acquisitions, the Swiss bank announced on Tuesday.

Wed, 06 Jun 2018 07:28:45 GMT

America Movil to introduce new US division for business clients

America Movil, the Mexican telecommunications firm, is set to launch a US-based unit aimed at business customers to offer communications and information technologies, according to the company's website.

Wed, 06 Jun 2018 07:22:58 GMT

Microsoft broadens agenda for women seeking to re-join workforce

Microsoft has decided to expand the programme designed to boost hiring of women who seek returning to work on the back of a surge in complaints over gender discrimination and sexual harassment at the company.

Wed, 06 Jun 2018 05:08:33 GMT

New Chinese funds to boost listings of tech firms

Six new Chinese mutual funds are to be launched next Monday to place China Depository Receipts issued by the country's tech companies, as reported by the Shanghai Securities News.

Wed, 06 Jun 2018 05:06:32 GMT

Arm Holdings sells majority stake in Arm Technology China

The British chip manufacturer Arm Holdings is set to sell 51% stake in Arm Technology China to a consortium owned by Hou An Innovation Fund for $775M.

Wed, 06 Jun 2018 04:30:11 GMT

Musk says 5k output target ‘quite likely' by end of June

The CEO of Tesla Inc Elon Musk said reaching the Model 3 production target of 5k cars a week until the end of June was ‘quite likely', as the current capacity was 3.5k vehicles.

Wed, 06 Jun 2018 04:24:17 GMT

Centrale Danone employees protest job cuts

Employees of Centrale Danone in Morocco protested against job loss late on Tuesday, thus adding pressure to the company which is already suffering from consumer boycott.

Wed, 06 Jun 2018 03:29:47 GMT

Facebook confirms sharing of data with China's companies

Facebook stated that the company had partnerships of data sharing with at least four China'companies, including the third biggest smartphone maker Huawei.

Wed, 06 Jun 2018 03:28:56 GMT

Russia's CB close to ending cuts of interest rates

The Governor of Russia's Central Bank Elvira Nabiullina stated that the Bank is set to complete the cycle of cutting rates and switch to a neutral monetary policy.

Wed, 06 Jun 2018 02:34:31 GMT

Japan real wages reveal no growth in April

Inflation-adjusted real wages of Japan's workers were unchanged in April, suggesting that consumer spending is likely to lose momentum.

Wed, 06 Jun 2018 02:33:59 GMT

Australia's GDP growth beats forecasts in Q1

The Australian Bureau of Statistics stated that the country's GDP expanded 1% in the Q1, above expectations for a 0.9% growth, following an upwardly revised 0.5% in the prior quarter.

Tue, 05 Jun 2018 19:50:03 GMT

Nasdaq hits record number

Global stocks continued to surge on Tuesday. Namely, an appreciation in tech stocks caused the Nasdaq index to hit a record high.

Tue, 05 Jun 2018 19:49:54 GMT

Trump is evaluating Chinese $70B offer

The President of the US is set to hold talks with trade advisers about the $70B trade offer made by Beijing.

Tue, 05 Jun 2018 18:54:11 GMT

US announces warning to those who deal with Iran

The government of the United States on Tuesday issued a warning to global governments and the corporate sector that it will crack down on all Iranian efforts to support terrorism.

Tue, 05 Jun 2018 18:53:08 GMT

Iraqi PM warns about violations in election

The Prime Minister of Iraq on Tuesday announced that there were violations in the parliamentary elections of the country.

Tue, 05 Jun 2018 18:18:21 GMT

UK takes $2.68B loss on sale of RBS share

Britain sold 7.7% of its stake in Royal Bank of Scotland, which was rescued by the country in the financial crisis, but took a more than $2.68B loss on the deal.

Tue, 05 Jun 2018 17:32:45 GMT

Commerzbank London HQ for sale for $570M

Samsung Life Insurance put City of London headquarters of Commerzbank AG up for sale for about $570M, sources familiar with the matter stated.

Tue, 05 Jun 2018 17:15:13 GMT

US adviser: Trump may seek individual trade deals with Mexico, Canada

Larry Kudlow, the White House economic adviser, stated that the US President Donald Trump may look forward to separate talks with Mexico and Canada, aiming to get individual deals.

Tue, 05 Jun 2018 17:11:34 GMT

ISM Non-Manufacturing PMI at 58.6 in May

The Institute for Supply Management reported that the US Non-Manufacturing PMI increased to 58.6 in May from 56.8 in the previous month.

Tue, 05 Jun 2018 16:22:10 GMT

US job openings at record high in April

The Labour Department stated that the US job openings increased to a record high of 6.7M in April, following 6.6M in the prior month.

Tue, 05 Jun 2018 16:20:26 GMT

Canada's labour productivity declines 0.3% in Q1

Statistics Canada stated that the labour productivity of the country's businesses fell in the March quarter, as business production slowed down even with an increase in hours worked.

Tue, 05 Jun 2018 15:28:26 GMT

UK services PMI at 54.0 in May

Markit report showed that the UK services PMI increased to the four-month high of 54.0 in May, indicating a strong upturn in business activity across the economy.

Tue, 05 Jun 2018 15:27:56 GMT

European retail sales up 0.1% in April

The volume of retail sales in the Euro area rose 0.1% in the month of April, missing expectations for a 0.5% rise and following upwardly revised 0.4% gain in March.

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