News

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Thu, 10 May 2018 20:29:34 GMT

Rouhani, Erdogan discuss Iran nuclear deal

The Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdogan on Thursday discussed the US decision to quit the Iran nuclear deal.

Thu, 10 May 2018 19:04:10 GMT

Uzbek president to visit White House

The Uzbek President Shavkat Mirziyoyev will meet the US President Donald Trump on May 16, the White House announces.

Thu, 10 May 2018 19:03:27 GMT

Russian FM: Iran nuclear deal must be saved

The Iran nuclear deal must be saved despite the US decision to withdraw from it, the Russian Foreign Minister Sergei Lavrov says.

Thu, 10 May 2018 18:01:04 GMT

Telecom giant BT plans to cut 13,000 jobs

British Telecom on Thursday announced its decision to cut a total of 13,000 back office and management jobs over the period of three years.

Thu, 10 May 2018 17:59:46 GMT

Bank of England waits soft data before next rate rise

The Bank of England on Thursday decided to keep interest rates on hold as it wants to be sure that the economy is recovering before increasing borrowing costs.

Thu, 10 May 2018 17:35:29 GMT

Singapore confirms Trump-Kim summit

The meeting between the US President Donald Trump and the DPRK leader Kim Jong Un will be held in Singapore, Singapore's Ministry of Foreign Affairs confirms.

Thu, 10 May 2018 17:34:54 GMT

Malaysian Mahathir wins general election

The former Malaysian prime minister Mahathir Mohamad, 92, achieved a victory in the general election as his coalition Pakatan Harapan secured majority of seats in the parliament.

Thu, 10 May 2018 16:27:36 GMT

Bank of England governor: rates to rise in nearest years

On Thursday, the governor of the Bank of England Mark Carney claimed that most likely the interest rates in the UK will rise over the course of the nearest few years.

Thu, 10 May 2018 16:22:33 GMT

Apple and Goldman Sachs to launch credit card

On Thursday, The Wall Street Journal claimed that Apple Inc and Goldman Sachs are planning to launch joint credit card, carrying Apple Pay brand, at the beginning of the next year.

Thu, 10 May 2018 15:21:55 GMT

Russian and German foreign ministers urge to preserve Iran deal

On Thursday, the Foreign Minister of Germany Heiko Maas and Russian Foreign Minister Sergei Lavrov claimed that both sides are working to preserve Iran nuclear deal.

Thu, 10 May 2018 15:07:48 GMT

Trump announces meeting with Kim Jong Un in Singapore

On Thursday, the US President Donald Trump announced on Twitter that he will have a meeting with North Korean leader Kim Jong Un in Singapore on June 12.

Thu, 10 May 2018 13:54:39 GMT

Shell to sell stake in Amberjack Pipeline in $1.22B deal

Royal Dutch Shell has clinched a deal with its MLP Shell Midstream Partners to sell a stake in Amberjack Pipeline for $1.22B, the US pipeline operator announced on Thursday.

Thu, 10 May 2018 13:54:24 GMT

Malaysia's King invites Mahathir to form new government

Sultan Muhammad V, the Malaysian King, has invited Mahathir Mohamad to establish the new Federal Government, adding he would swear in Mahathir as the Prime Minister at 1330GMT on Thursday.

Thu, 10 May 2018 13:30:45 GMT

Victor Orban stays as Hungarian Prime Minister

On Thursday, Viktor Orban has been reelected as the Prime Minister for his third term at this position by the new Hungarian Parliament, following his Fidesz party's victory, which gave it a 2-3 majority in the legislature.

Thu, 10 May 2018 13:24:53 GMT

US initial jobless claims stay on hold last week

The number of applications for US unemployment benefits remained unchanged at 211K in the week ending May 5, while analysts anticipated a surge to 219K.

Thu, 10 May 2018 11:53:35 GMT

BT to phase out 13K jobs to revive growth after scandal

The British Telecom group BT is set to cut 13K back-office and managerial job positions, moving to a smaller base in London in its efforts to revive from an accounting row and make the firm more efficient.

Thu, 10 May 2018 11:53:27 GMT

Iraq to shut down airports, border crossings amid election

Iraq is planning to shut down its border crossings and airports for 24 hours on May 12 during the election, the first held in the country after it defeated the Islamic State militants.

Thu, 10 May 2018 11:35:01 GMT

Canada's Tire to acquire sportswear firm Helly Hansen

On Thursday, Canada's retailer Tire said it would acquire the Norway-based work-wear and sportswear brand Helly Hansen in a C$985M deal, including debt, seeking to add earnings.

Thu, 10 May 2018 11:31:28 GMT

France's Total to acquire 25% stake in Clean Energy Corp

France's oil giant Total agreed to acquire up to 50.8M shares in Clean Energy Corp in a deal worth $83.4M, becoming the biggest stockholder with a 25% stake.

Thu, 10 May 2018 10:14:24 GMT

Panasonic sees higher operating profit due to increase in EV battery sales

The Japanese electronics company Panasonic Corp projects an increase in operating profit by 11.7% during this fiscal year due to higher automotive batteries sales.

Thu, 10 May 2018 10:01:20 GMT

Crude gains on Thursday due to possible Iran sanctions

The price of US WTI crude and Brent futures rose to new highs on Thursday, as the market projected tighter supply in response to possible US sanctions against Iran.

Thu, 10 May 2018 09:37:50 GMT

I Squared to acquire trailer leasing company TIP in $1.2B deal

On Wednesday, Britain's investor I Squared Capital agreed to acquire the trailer leasing firm TIP Trailer Service from the Chinese company HNA Group.

Thu, 10 May 2018 09:29:24 GMT

Alstom clinches $3B deal with GE to exit energy JV

On Thursday, France's manufacturing group Alstom announced it had clinched a deal with General Electric to exit three energy joint ventures in payment return of $3.08B.

Thu, 10 May 2018 08:29:41 GMT

Spanish Azora halts IPO amid Blackstone's Hispania deal

Azora Altus, the Spanish property manager, has dropped its debut and decided to postpone the initial public offering on Spain's stock exchange due to an uncertainty arisen from the Blackstone's bid for Hispana real-estate unit.

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