News

Note: This section contains information in English only.
Wed, 10 Apr 2019 05:05:31 GMT

White House increases pressure on senior DHS officials

The White House has increased pressure on senior Department of Homeland Security officials, as the DHS struggles with a flood of immigrants in the Mexico-US border.

Wed, 10 Apr 2019 04:04:53 GMT

Asian shares retrace from eight-month high

On Wednesday, Asian stocks retraced from an eight-month high level, as IMF lowered its global growth forecast and a new trade war front opened between the US and the EU.

Wed, 10 Apr 2019 04:02:11 GMT

Netanyahu wins Israel's national election

According to Channel 12 TV, the Israeli Prime Minister Benjamin Netanyahu has won the country's national election.

Wed, 10 Apr 2019 03:24:27 GMT

BoJ: Inflation increase must be accompanied by higher wages

Haruhiko Kuroda, the Bank of Japan's Governor stated that the Central Bank was seeking to create conditions in which an acceleration in price growth is accompanied by increases in corporate profits and wages.

Wed, 10 Apr 2019 03:13:37 GMT

Uber to sell nearly $10B worth of stock

Uber Technologies announced its decision to seek to sell around $10B worth of stock in its IPO, and will make public the offering's registration on Thursday, sources familiar with the matter stated.

Wed, 10 Apr 2019 02:38:13 GMT

Japanese machinery orders rebound in February

Japan's machinery orders marked the first monthly increase in the four-month period to February amid improved demand from the telecommunications and energy sectors.

Wed, 10 Apr 2019 02:34:56 GMT

Qualcomm to take on Intel, Nvidia with new AI chip

Qualcomm revealed its new chip for extending artificial intelligence work in a bid to diversify beyond the company's stronghold in mobile phone chips and into the market dominated by Intel and Nvidia.

Tue, 09 Apr 2019 19:53:33 GMT

American cuts Q1 revenue forecast amid jet groundings

On Tuesday, American Airlines Group has cut its Q1 revenue estimates after cancelling over 2K flights amid the Boeing 737 MAX planes' global grounding; however, the total cost of halted operations is not known yet.

Tue, 09 Apr 2019 19:50:04 GMT

Deutsche Boerse takes Axioma in $850M deal

Deutsche Boerse is set to acquire Axioma, the risk management software firm, in a deal valued at $850M, as the SE operator is planning to combine the company with its index business to establish a new analytics business.

Tue, 09 Apr 2019 19:20:28 GMT

France views US, Chinese partnerships for St Gobain factory

Bruno Le Maire, France's Finance Minister, stated he was exploring all potential options for the St Gobain Pont-A-Mousson factory, including deals with a US fund or a Chinese partner.

Tue, 09 Apr 2019 19:16:54 GMT

Qatar plan for Deutsche Bank stake gets stalled

The Qatari sovereign wealth fund's plan to invest in the German lender Deutsche Bank stalled, as Qatar's officials have not yet provided necessary documentation that could derail the potential investment.

Tue, 09 Apr 2019 18:32:19 GMT

Newlat shows interest in food brand Plasmon

Italy's Newlat expressed its interest in purchasing Plasmon, the infant food brand held by the US giant Kraft Heinz, Newlat's adviser stated on Tuesday, adding the company seeks to expand its food brands portfolio.

Tue, 09 Apr 2019 18:28:31 GMT

Sports Direct waives plan to acquire Debenhams

Sports Direct, owned by the billionaire Mike Ashley, stated it had dropped its plan to acquire Debenhams, as lenders took full control of the British retailer on Tuesday.

Tue, 09 Apr 2019 16:52:01 GMT

Bitstamp receives license in New York

The biggest European digital asset exchange Bitstamp has received a license from the Department of Financial Services in New York.

Tue, 09 Apr 2019 16:51:52 GMT

Qualcomm loses case against EU regulators

On Tuesday, the US chipmaker Qualcomm lost in court against the EU regulators. The company will have to provide EU authorities with data.

Tue, 09 Apr 2019 15:42:27 GMT

Aramco will raise $12 with bond

On Tuesday, Saudi Aramco announced that it will raise $12 billion with a thirty year bond. Saudi Aramco offers 55 basis points above US Treasuries.

Tue, 09 Apr 2019 15:42:19 GMT

Aramco sets bond demand record

The Saudi Arabian state oil company Saudi Aramco announced on Tuesday that its bond issue had received offers totalling $100 billion. This is the largest demand for a bond in history.

Tue, 09 Apr 2019 15:19:09 GMT

China promises equal treatment for EU companies

The Premier of China Li Keqiang announced that he promises the EU that its companies will no longer have to share sensitive know-how to operate in China.

Tue, 09 Apr 2019 15:18:04 GMT

Ford will close independent business in India

On Tuesday, Reuters announced that Ford will form a joint venture in India with Mahindra and Mahindra. The deal will end Ford's independent business in India.

Tue, 09 Apr 2019 14:35:58 GMT

Court grants creditor protection to Cavalli

Italy's troubled fashion house Roberto Cavalli has received creditor protection from a Milan court, gaining 120 extra days to release its turnaround plan, Reuters reported.

Tue, 09 Apr 2019 14:32:14 GMT

Caixin Media seeks to attract $200M

China's Caixin Media Company is planning to raise about $200M in its latest round of funding, seeking to finance the firm's growth, people close to the matter stated on Tuesday.

Tue, 09 Apr 2019 13:24:23 GMT

Telenor head meets DNA's management

On Tuesday, Telenor's CEO Sigve Brekke has held a meeting with DNA's Chief Executive, Chief Financial Officer and Chairman in Helsinki, after its bidding for the company's 54% stake.

Tue, 09 Apr 2019 13:18:34 GMT

Lenders take control of UK's Debenhams

Creditors in Debenhams has taken control over the British department store chain on Tuesday, wiping out its shareholders, including the billionaire Mike Ashley after he failed to acquire the company.

Tue, 09 Apr 2019 12:37:31 GMT

Principal Financial to acquire Wells Fargo's unit

Principal Financial Group, the financial services provider, is set to take over Wells Fargo's institutional retirement business in a deal valued at $1.2B, Principal stated on Tuesday.

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