News

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Wed, 11 Dec 2019 11:37:18 GMT

Tesla's German plant t build 500K vehicles a year

Tesla is planning to produce 500K vehicle per year at the carmaker's new factory on Berlin's outskirts, according to the Germany Bild newspaper's report seen on Wednesday.

Wed, 11 Dec 2019 10:23:26 GMT

Brazil's Embraer inks $194.4M deal for two E175 jets

Brazilian planemaker Embraer has signed a deal worth $194.4M for the two E175 planes delivery with Congo Airways, leaving itself an option for potential two extra jets of the same model.

Wed, 11 Dec 2019 09:08:33 GMT

Saudi Aramco's shares indicated 10% above IPO price

Shares of Saudi Aramco were indicated at $9.39 each in Wednesday's pre-market auction, up 10% from their IPO price ahead of the debut, Refintiv data shows.

Wed, 11 Dec 2019 07:47:40 GMT

US DoJ to review Google's bid for Fitbit

The US Justice Department is set to review the Alphabet-owned Google's plans to acquire Fitbit Inc, the fitness tracker maker, for potential antitrust issues, according to Reuters.

Wed, 11 Dec 2019 06:00:48 GMT

Netflix likely to lose millions of US subscribers next year

Netflix shares, which have been under pressure in 2019, fell by 2.6% on Tuesday after Needham and Co said that Netflix Inc could lose four million subscribers in the United States next year.

Wed, 11 Dec 2019 05:17:31 GMT

Exxon Mobil wins major victory in climate change lawsuit

On Tuesday, New York's Supreme Court judge Barry Ostrager ruled that Exxon Mobil did not hide the financial costs of climate change from investors.

Wed, 11 Dec 2019 04:00:01 GMT

Schlumberger's CFO Ayat steps down

Simon Ayat, the Chief Financial Officer of Schlumberger, has announced plans to step down after almost 12 years in the position.

Wed, 11 Dec 2019 03:13:46 GMT

Bain Capital close to finalise deal with Italy's IT provider firm

According to four sources familiar with the matter, Bain Capital is in the final stage of negotiations to buy a stake in the Italian IT services company Engineering Ingegneria.

Tue, 10 Dec 2019 20:46:09 GMT

Obrador says USMCA trade deal to be signed on Tuesday

Mexico's President Andres Manuel Lopez Obrador said that the United States, Mexico and Canada would sign the MCA trade deal on Tuesday.

Tue, 10 Dec 2019 19:58:54 GMT

Democrats unveil two articles of impeachment against Trump

Democrats in the US House of Representative have announced two articles of impeachment against the US President Donald Trump. The articles charge includes abuse of power and obstruction of Congress.

Tue, 10 Dec 2019 19:04:24 GMT

Bank of Israel needs aggressive approach to stop shekel gains

Economists said on Tuesday that the Central Bank of Israel would need a better and aggressive approach to contain the surge of Israel's local currency against a basket of currencies.

Tue, 10 Dec 2019 18:02:46 GMT

Watches of Switzerland plans to buy more stores in US

Brian Duffy, the Chief Executive of the Watches of Switzerland, said on Tuesday that the company sees opportunities to buy more stores in the United States.

Tue, 10 Dec 2019 17:14:06 GMT

AFL-CIO labor union backs USMCA trade agreement

Richard Trumka, the President of AFL-CIO labour union, said in a statement on Tuesday that it was supporting the USMCA trade deal.

Tue, 10 Dec 2019 16:05:50 GMT

US Dollar declines against Euro

On Tuesday, the common European currency edged higher by 0.16% against the US Dollar after the ZEW survey showed that the sentiment among Germany's investors was better- than- forecast in December.

Tue, 10 Dec 2019 14:40:03 GMT

Dollar General plans CBD cosmetics sale in selected stores

On Tuesday, Dollar General Corp, the discount store chain, is planning to sell its CBD cosmetic products in over 1K stores in Kentucky and Tennessee, amid growing demand for its products.

Tue, 10 Dec 2019 12:43:21 GMT

Alphabet appoints Prof. Frances H. Arnold to board

Alphabet Inc has appointed Professor Frances H. Arnold, the Nobel Prize laureate in chemistry, to its board, making her a successor to the retired academic Shirley Tilghman.

Tue, 10 Dec 2019 12:39:39 GMT

Uber aims to acquire autonomous car simulation start-up

Uber Technologies ishas entered the advanced talks to acquire the self-driving car simulation start-up, called Foresight, according to The Information's report seen on Monday.

Tue, 10 Dec 2019 11:01:18 GMT

Reuters surveys analysts over SNB policy

On Tuesday, Reuters revealed poll results, which showed that most financial analysts expect the Swiss National Bank to keep interest rates unchanged.

Tue, 10 Dec 2019 09:48:10 GMT

Amazon secures broadcasting rights for top Champions League

Amazon.com has secured broadcasting rights for the top EU soccer Champions League matches in Germany for the 2021/2022 season, the US company announced on Tuesday.

Tue, 10 Dec 2019 08:41:24 GMT

Cboe Global to acquire EuroCCP

Cboe Global Markets has agreed to acquire equities clearing house EuroCCP, it announced on Tuesday, not disclosing the financial terms of the deal.

Tue, 10 Dec 2019 05:40:36 GMT

Johnson & Johnson CEO declines US Congress

The Chief Executive Officer of Johnson & Johnson Alex Gorsky has declined to testify before the US congress on the safety of the company's Baby Powder.

Tue, 10 Dec 2019 05:30:52 GMT

Gold trades flat

On Monday, gold prices fluctuated flat, as the yellow metal was recovering after the major losses suffered on Friday due to the good US employment data.

Tue, 10 Dec 2019 03:40:10 GMT

Apple beats down Wall Street

During Monday's US trading session, US stock indices declined due to Apple shares suffering a decline, which caused a sell off.

Tue, 10 Dec 2019 03:31:02 GMT

JPMorgan seeks one billion USD

On Monday, Bloomberg announced that JPMorgan Chase & Co is looking to raise nearly one billion USD for a mezzanine fund.

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