News

Note: This section contains information in English only.
Thu, 28 Mar 2019 14:50:24 GMT

Lagarde wants EZ to agree deposit insurance plan

IMF's head Christine Lagarde called on the Euro Zone to agree on building the shared deposit insurance system within banks, setting aside all national concerns over possible risks.

Thu, 28 Mar 2019 14:50:14 GMT

UK fines Goldman $45M over failure reports

On Thursday, Britain's markets watchdog fines Goldman Sachs a record $45M, as the investment bank failed to provide it with accurate transactions reports over a decade.

Thu, 28 Mar 2019 14:32:52 GMT

Trump calls on OPEC to bolster oil production

On Thursday, the US President Donald Trump called on the OPEC to bolster oil production with the intention to cut the commodity price, adding that the World Markets are fragile.

Thu, 28 Mar 2019 13:33:51 GMT

Swedbank ousts CEO amid money laundering row

On Thursday, Swedbank ordered dismissal of its Chief Executive Officer Birgitte Bonnesen right ahead of the annual shareholder meeting due to allegations of the bank being involved in money laundering.

Thu, 28 Mar 2019 13:28:25 GMT

Facebook blocks white separatism and nationalism

On Wednesday, Facebook announced it had imposed a ban o any representation, praise or support of white separatism and white nationalism on the social media giant's platform, a move approved by New Zealand on the back of the recent mosque massacre.

Thu, 28 Mar 2019 11:54:22 GMT

VW ties up with Amazon to improve production

Volkswagen cooperated with Amazon Web Services, seeking to connect and integrate its data from the 122 VW Group factories, systems and machines, as part of the carmaker's plan to improve production.

Thu, 28 Mar 2019 11:21:44 GMT

Support.com, Office Depot. pay $35M in FTC settlement

The software company Support.com and Retailer Office Depot agreed to pay $35M in a settlement of the US FTC allegations that the firms had tricked customers into purchasing computer repair services.

Thu, 28 Mar 2019 10:51:36 GMT

Theresa May's offer fails

On Thursday, the Parliament of the United Kingdom voted once more against the offered Brexit solutions. It occurred despite Theresa May's announcement that she would quit, if a deal is approved. The event did not surprise the financial markets, as the GBP/USD declined only slightly.

Thu, 28 Mar 2019 10:51:31 GMT

Rusal hires US auditors

The giant Russian aluminum producer Rusal has hired a US firm to conduct an audit of the company's operations. The company wants to prove complying with the agreement that had Washington lift the sanctions on Rusal.

Thu, 28 Mar 2019 10:37:04 GMT

VW considers to acquire Ford's unit stake

Volkswagen has entered talks over a stake acquisition in Ford Motors' Argo unit, after it had signed a deal with its US rival to develop a new pick-up truck.

Thu, 28 Mar 2019 10:21:33 GMT

Asiana Airlines head quits amid accounting fiasco

On Thursday, Asiana Airlines' co-Chief Executive Officer Park Sam-koo stepped down on Thursday, following the South Korean carrier's accounting fiasco that had threatened the company's liquidity position.

Thu, 28 Mar 2019 09:25:06 GMT

Swedbank investors against CEO's liability freedom

Two Swedbank largest investors have made their separate statements on Thursday, claiming they would vote against the CEO Birgitte Bonnesen's freedom from liability for the last year at the bank's annual general meeting.

Thu, 28 Mar 2019 09:17:03 GMT

Daimler, Geely to develop Smart EV brand

On Thursday, Daimler announced it was set to launch the development of its Smart electric vehicles next generation in China in cooperation with the German carmaker's rival Geely, deepening the alliance between two companies.

Thu, 28 Mar 2019 08:33:38 GMT

PG&E creditors present $35B exit plan

PG&E's creditors, including Pimco and Elliott Management, have proposed a $35B plan that could help the California power utility avoid bankruptcy within 12 months, according to Bloomberg.

Thu, 28 Mar 2019 08:30:44 GMT

VW has no plans for FCA tie-up

On Thursday, Volkswagen's CEO Herbert Diess said to the Il Sole 24 Ore newspaper his company was not interested in any cooperation with Fiat Chrysler, adding the German automaker's efforts were currently focused internally.

Thu, 28 Mar 2019 07:39:06 GMT

Alitalia urges to accelerate rescue plan

Alitalia called on the Italian railways Ferrovie dello Stato on Thursday to speed up the rescue plan for the struggling carrier that must be presented in the end of the month, as ruled by Rome.

Thu, 28 Mar 2019 07:35:20 GMT

Saudi Aramco to take over SABIC for $69B

Saudi Aramco, the world's biggest oil producer, agreed to acquire a 70% stake in SABIC from the Saudi wealth fund in one of the largest deals in the chemical industry worth $69.1B.

Thu, 28 Mar 2019 06:29:43 GMT

Hino, Honda to join SoftBank, Toyota's venture

Japan's truck maker Hino Motors and Honda Motor are set to enter a JV of Toyota Motor and SoftBank Group, which aimed to develop services of self-driving car, the venture stated.

Thu, 28 Mar 2019 06:25:51 GMT

Unilever to choose trusted publishers for online advertising

Unilever, one of the biggest advertisers, is set to pick a trusted publishers' network with which to spend significant part of the marketing budget, in a bid to improve its digital advertising effectiveness.

Thu, 28 Mar 2019 05:34:46 GMT

Lyft raises price target for IPO

Lyft increased the price range for the initial public offering, as investors looked past the company's mounting losses to its growing market share against the rival Uber Technologies.

Thu, 28 Mar 2019 05:25:48 GMT

PVH expects 2019 above estimates amid Tommy Hilfiger boost

Apparel maker PVH announced forecast for its full-year adjusted profit and sales above expectations of Wall Street, banking on stronger demand for Tommy Hilfiger branded apparels and accessories.

Thu, 28 Mar 2019 04:24:39 GMT

China to cut levels of real interest rate

China is set to cut levels of the real interest rate and diminish financing costs for firms, the country's Premier Li Keqiang stated on Thursday.

Thu, 28 Mar 2019 04:20:34 GMT

ZTE shares up 14%

Shares of ZTE grew as much as 14% on Thursday after the firm forecast a profit up to $178.18M in the first quarter profit, as it recovered from the US sanctions.

Thu, 28 Mar 2019 03:39:17 GMT

UK car production falls 15% in February

The UK car production slumped an annual 15.3% last month amid a fall in demand in European and Asian markets, an industry body stated, as it warned over the damage a no-deal Brexit would do.

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