News

Note: This section contains information in English only.
Tue, 30 Apr 2019 19:22:52 GMT

Sberbank to buy Rambler stake

Sberbank, the largest bank in Russia, is set to spend 1% of its profit to purchase online assets of Rambler Group, the company's CFO Alexander Morozov stated.

Tue, 30 Apr 2019 19:22:43 GMT

Ford cooperates with Amazon to allow deliveries to cars

Ford Motor announced its partnership with Amazon.com to allow the company's loyalty club's members to deliver goods to their cars when owners are not at home.

Tue, 30 Apr 2019 17:57:41 GMT

Regulatory costs affect Nordea Bank's profit in Q1

Nordea Bank, the biggest lender of the Nordic region, posted a stronger-than-anticipated fall of 36% in first-quarter operating profit, citing bigger regulatory costs.

Tue, 30 Apr 2019 17:56:48 GMT

Malaysian PPI falls 1.5% in March

Malaysia's Producer Price Index declined 1.5% year-over-year in March, dragged by forestry, fishing and agriculture, official data revealed.

Tue, 30 Apr 2019 16:53:21 GMT

Germany's Import Price Index increases in March

The German Index of Import Prices grew 1.7% year-over-year, following previous months' increases of 1.6% and 0.8%, Destatis showed in the report.

Tue, 30 Apr 2019 16:52:55 GMT

Spanish economy expands strongly in Q1

The economy of Spain expanded faster than anticipated at the strongest pace since the 2017 end in the Q1, with GDP growing 0.7% quarter-on-quarter, preliminary data revealed.

Tue, 30 Apr 2019 15:53:24 GMT

Russia's retailer Magnit reports fall in profit

Magnit, the Russian food retailer, reported that its net income fell 52.5% year-over-year to $54.1M in the March quarter of 2019, significantly missing expectations.

Tue, 30 Apr 2019 15:52:29 GMT

EZ economic expansion stronger than expected in Q1

The Euro zone's economy grew more than anticipated in the March quarter, recovering from a drop in the H2 of the prior year, while unemployment declined markedly.

Tue, 30 Apr 2019 15:32:56 GMT

Starbucks keeps growing in Q2

Starbucks, the world's coffee company, reported its revenue in line with estimates at $6.3B in the second quarter of this year supported by higher sales in global comparable stores.

Tue, 30 Apr 2019 15:32:03 GMT

Indian infrastructure output up 4.7% in March

India's infrastructure production growth of eight major sectors, including crude oil, coal, gas, improved to 4.7% in March, compared with 4.5% rise in the prior month.

Tue, 30 Apr 2019 14:33:09 GMT

COSCO's OOIL plans Long Beach terminal sale

On Tuesday, COSCO's Orient Overseas International announced about a sale of the Long Beach container terminal in a deal with Australia's Macquarie Group worth $ 1.78B.

Tue, 30 Apr 2019 14:26:30 GMT

Brazil's JSL drops IPO of Vamos truk rental arm

JSL Sa, the Brazilian logistics company, cancelled its Vamos truck rental division's initial public offering, not disclosing the reasons for a listing cancellation, the securities filing showed on Tuesday.

Tue, 30 Apr 2019 13:37:16 GMT

Faraday Future obtains $225M in bridge financing

Faraday Future, China's electric car maker, announced on Tuesday it had obtained about $225M in a bridge financing from the US merchant bank to let it complete the flagship FF91 model development.

Tue, 30 Apr 2019 13:34:14 GMT

Nine Entertainment plans ACM business sale

On Tuesday, Nine Entertainment TV network stated it was planning a sale of its Australia Community Media and Printing business unit to the firm associated with the former Domain Holdings head Antony Catalano, as well as Thorney Investment Group.

Tue, 30 Apr 2019 12:21:57 GMT

SoftBank plans $1.0B investment in Rappi

Japan's SoftBank is eager to announce this Tuesday a $1.0B investment in the Colombia delivery app Rappi, an investment deal that would be the first made by recently created Investment Fund, SoftBank's unit aimed at Latin America.

Tue, 30 Apr 2019 12:06:37 GMT

GE posts three-fold rise in Q1 profit

On Tuesday, General Electric reported its Q1 profit more than tripled to $954M, driven by the higher sales in the company's aviation, healthcare, gas and oil units.

Tue, 30 Apr 2019 10:52:00 GMT

Alphabet's shares drop amid YouTube changes

Alphabet's shares plunged as much as 7.5% to its lowest level since October 2012, tumbled by competition that hurt the giant's revenue, currency fluctuations and YouTube disruptive changes.

Tue, 30 Apr 2019 10:51:53 GMT

Germany's Blacklane considers IPO

Blacklane, the German chauffeur service, is considering to launch an IPO within the following three years, its CEO said to Reuters, as the company is expanding its footprint in the fast-growing taxi market.

Tue, 30 Apr 2019 09:40:31 GMT

Banks drag down stocks

On Tuesday, the European stock indices declined. The loss of stock value was caused by bad earnings in the banking sector. Moreover, the aftermarket of the US had experienced a drop due to the lower than expected Google profits. There was a general sell sentiment.

Tue, 30 Apr 2019 09:40:24 GMT

Iranian oil is boxed in

It was revealed on Tuesday that nearly 20 million barrels of oil from Iran is stored in the port of Dalian. The oil can no longer be sold due to US sanctions. It is expected that it will be sold after all through various schemes.

Tue, 30 Apr 2019 09:26:02 GMT

Alitalia's rescue plan likely to face delay

Ferrovie dello Stato, the Italian state railway, stated it was considering a potential delay of the deadline to submit its rescue plan for the struggling carrier Alitalia.

Tue, 30 Apr 2019 09:13:34 GMT

Magazine Luiza to acquire Netshoes in $62M deal

Brazil's Magazine Luiza agreed to acquire Netshoes, the online shoe retailer, in a deal valued at $62M, offering to pay $2 for a share, sending Netshoes shares down to 3.9%.

Tue, 30 Apr 2019 08:36:02 GMT

Airbnb to be ready for listing later this year

Airbnb CEO Brian Chesky stated on Tuesday that the company would be ready for its initial public offering launch later this year, CNBC cited as saying.

Tue, 30 Apr 2019 08:26:39 GMT

Tesla to cut solar panel prices by 38%

According to the New York Times, Tesla is set to trim prices on solar panels and other related equipment by up to 38% below the average price throughout standardising systems.

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