News

Note: This section contains information in English only.
Fri, 03 May 2019 19:14:56 GMT

Wells Fargo likely to refund some fees

The US bank Wells Fargo stated on Friday that most probably it would refund certain servicing fees to clients who got confused about a way not to pay monthly charges.

Fri, 03 May 2019 18:24:31 GMT

Trump remains satisfied with talk with Putin

The US President Donald Trump stated on Friday that his phone conversation with Vladimir Putin lasted approximately one hour and was "very productive".

Fri, 03 May 2019 18:22:44 GMT

US, Russia discuss new nuclear treaty

The White House stated on Friday that Donald Trump had a telephone conversation with Vladimir Putin during which they discussed the possibility of elaboration of a nuclear treaty, the Korean Peninsula and situation in Ukraine.

Fri, 03 May 2019 17:24:23 GMT

Clarida remains satisfied with state of US economy

The Fed Vice Chairman Richard Clarida stated on Friday that the American economy was in a good condition and, for this reason, inflation projections were "stable".

Fri, 03 May 2019 17:18:28 GMT

Portugal's government holds emergency meeting

On Friday, the Prime Minister of Portugal Antonio Costa has called an emergency meeting of his cabinet in order to address opposition's intention to increase teachers' wage, a step that could undermine efforts to balance the state budget.

Fri, 03 May 2019 15:48:43 GMT

Brooks Running moves production

The Warren Buffet owned Brooks Running CEO Jim Weber has announced that due to trade tariffs risks the company is moving its manufacturing out of China.

Fri, 03 May 2019 15:48:25 GMT

Tesla increases capital raise

On Friday, Tesla announced that it intends to raise additional $2.7 billion in its next capital raise. The company has once more run out of cash, strengthening the view that in the long term Tesla will fail.

Fri, 03 May 2019 15:19:59 GMT

Mike Pence comments on Fed

The Vice President of the United States Mike Pence announced on Friday that the US Federal Reserve should decrease interest rates to stimulate economic growth. Pence has joined the politicians that are pressuring the Federal Reserve.

Fri, 03 May 2019 15:19:21 GMT

US employment sector improves

On Friday, the US Employment data was published. Data indicates that the US Unemployment Rate has dropped to a 49 year low by decreasing to 3.6%. The event caused a short lived increase of volatility of the value of the USD.

Fri, 03 May 2019 14:09:26 GMT

Shell explores stake sale in Indonesia's LNG project

Royal Dutch Shell plans a stake sale in the Indonesian $15B Abadi LNG project, according to banking and industry sources, amid asset disposal programme that has attracted over $30B.

Fri, 03 May 2019 13:49:32 GMT

Microsoft launches AI, blockchain-aimed service

Microsoft Corp has rolled out new cloud service for software developers aimed at making blockchain or artificial intelligence easier for the companies to use.

Fri, 03 May 2019 13:38:03 GMT

Embraer delivers fewer aircraft in Q1

On Friday, the Brazilian planemaker Embraer reported it delivered eleven commercial aircraft in its Q1 this year, which was three fewer compared to the previous year's same period, as the company was working to cede the profitable division's control to Boeing.

Fri, 03 May 2019 13:29:54 GMT

SoftBank plans $100B Vision Fund IPO

Japan's SoftBank Group is planning to launch its $100B Vision Fund initial public offering amid the company's intention to raise more money, according to the Wall Street Journal.

Fri, 03 May 2019 12:04:14 GMT

Lotte Group to renew $2.6B project China project

South Korea's Lotte Group is set to resume its $2.6B real estate China project already this month, following work disruption due to the row related to the land offered for the US anti-missile system.

Fri, 03 May 2019 11:55:44 GMT

Brussels delays deadline on E.ON deal review

The EU Commission suspended the review deadline on the E.ON planned acquisition of Innogy retail and network assets, the watchdog announced on Thursday.

Fri, 03 May 2019 11:14:57 GMT

Italy's F2i makes bid fir Telecom's Persidera

F2i, Italy's infrastructure fund, submitted an offer for the Telecom Italia's broadcasting unit Persidera, valued at between €240M-€250M, according to Reuters.

Fri, 03 May 2019 09:50:15 GMT

Oil prices should book weekly decline

During the early hours of Friday's London trading session, crude oil price benchmarks declined. If the trend continued until the end of the day, oil prices would book a weekly decline.

Fri, 03 May 2019 09:49:32 GMT

EU leaders will meet after election

On Friday, it was announced by EU officials that a meeting of the national leaders of the European Union will be held just after the European Parliament election, on May 28.

Fri, 03 May 2019 09:37:11 GMT

Uiper picks new CFO, CEO

German utility Uniper has appointed new Chief Financial Officer and Chief Executive with the supervisory board's unanimous support in the sign of the progress in Finland's Fortum row.

Fri, 03 May 2019 09:34:11 GMT

Superloop in talks to acquire investment manager

On Friday, Superloop has received a $345.53M takeover bid from the QIC Private Capital group for its telecommunications infrastructure firm, sending Superloop's shares up to 7.7%.

Fri, 03 May 2019 08:20:44 GMT

FCA finalises Magneti Marelli sale

Fiat Chrysler Automobiles compeleted its €5.8B sale of Magneti Marelli, the car parts unit, to Calsonic Kansei, slightly below the company's initial price tag after changing the financial position.

Fri, 03 May 2019 08:20:39 GMT

Caixa seeks more partners for insurance unit

Brazil's Caixa Econômica Federal plans to lure at least two more partners for Caixa Seguridade, the lender's insurance business, before its IPO takes place by September, the CEO Pedro Guimarães stated.

Fri, 03 May 2019 06:59:25 GMT

3M to acquire medical device developer Acelity for $6.7B

3M announced it would take over the privately owned medical device developer Acelity in a deal that had a v valuation of $6.7B, including debt, on the back of the US industrial conglomerate's intention to expand the business in the medical products.

Fri, 03 May 2019 06:40:01 GMT

Sinclair to acquire Disney's sports networks

Sinclair Broadcast Group has reached an agreement to acquire about 21 Walt Disney's regional sports networks in a deal worth at over $10B, the WSJ reported on Thursday.

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