News

Wed, 04 Jul 2018 18:28:33 GMT

Rouhani: Iran to remain in nuclear deal under specific conditions

On Wednesday, the President of Iran Hassan Rouhani claimed that Iran will remain in 2015 nuclear deal only in case its benefits will be guaranteed by other major powers after the decision of the US to withdraw from the deal.

Wed, 04 Jul 2018 17:34:38 GMT

EU to vote on steel import curbs

On Thursday, members of the EU are going to discuss and vote on measures suggested by the European Commission to curb steel imports into the bloc to prevent surge of the imports of steel.

Wed, 04 Jul 2018 17:30:04 GMT

VW to launch EV car-sharing service

On Wednesday, Volkswagen said that it is planning to launch a car-sharing service with electric vehicles in German cities by the end of next year to compete with Car2Go and DriveNow car-sharing companies.

Wed, 04 Jul 2018 16:34:10 GMT

Brookfield Infrastructure Partners to buy Enbridge's businesses

On Wednesday, Enbridge announced it is planning a sale of its Canada processing business and natural gas gathering to Brookfield Infrastructure Partners in a deal valued at around $3.28B.

Wed, 04 Jul 2018 16:29:56 GMT

Credit Agricole considers selling its Polish business

Credit Agricole is considering to sell its Polish business unit, France's 13th largest bank by assets, amid a lack of scale to compete with bigger players in an environment of a low interest rate.

Wed, 04 Jul 2018 14:58:51 GMT

Israeli spy service Shin Bet ties up with private start-ups

Shin Bet, the Israeli local intelligence service, stated on Wednesday it partnered with seven Israeli private start-ups, as it seeks to find some unconventional approaches to the tech challenges.

Wed, 04 Jul 2018 14:55:56 GMT

Uber resumes its operations in Finland after one-year pause

Uber Technologies has resumed its ride-hailing service in Finland this Wednesday, following a one-year pause, with a plan to benefit from the Finnish transport law reform.

Wed, 04 Jul 2018 14:37:15 GMT

China Merchants Group, SPF Group tie up with UK Centricus over tech fund

SPF Group and China Merchants Group are joining their forces with the British investment company Centricus, seeking to launch a $15B China New Era Tech Fund.

Wed, 04 Jul 2018 13:35:20 GMT

UK Supreme Court dismisses Goldman's appeal against Novo Banco

On Wednesday, the British Supreme Court has rejected Goldman Sachs's appeal for a compensation from the Portuguese bank Novo Banco over the $835B loan to the bank's bankrupt predecessor BES.

Wed, 04 Jul 2018 13:31:08 GMT

EU, Russia, China foreign ministers to meet Iran counterpart on Friday

Foreign Ministers from Germany, France, Britain, Russia and China are set to meet their Iranian counterpart this Friday in Austria's capital of Vienna to negotiate the 2015 nuclear agreement.

Wed, 04 Jul 2018 12:38:12 GMT

Chevron launches sale of some North Sea fields

Chevron has launched a sale process of the several gas and oil fields in the central region of the North Sea, a company's spokesman stated on Wednesday.

Wed, 04 Jul 2018 12:35:48 GMT

Japan's PM Abe to drop Iran trip amid US pressure on Tehran

Japan's Prime Minister Shinzo Abe had to cancel his trip to Iran scheduled for this summer, amid the US President Donald Trump's pressure on Tehran, Kyodo News reported on Wednesday.

Wed, 04 Jul 2018 10:54:39 GMT

UMC shares surge after winning patent case with Micron

Shares in Taiwan's second-biggest chip maker United Microelectrics Corp rose over 2% on Wednesday, following a report on its win of a trade infringement lawsuit with Micron Technology.

Wed, 04 Jul 2018 10:54:30 GMT

Chilean President to meet Alphabet, Amazon CEOs next week

On Tuesday, Chile's President Sebastian Pinera announced about his plans to meet the CEOs of Alphabet and Amazon.com next week, seeking to enlist the firms' support for helping the country make technological progress.

Wed, 04 Jul 2018 10:07:09 GMT

Germany prepares to return migrants

The interior ministry of Germany has announced that agreements are being prepared to return migrants to their first registration of asylum countries.

Wed, 04 Jul 2018 10:06:35 GMT

Trade wars continue to be blamed

As global stocks declined on Wednesday, various financial media sources continued to blame trade war worries for the decline.

Wed, 04 Jul 2018 09:34:20 GMT

General Motors's reports surge in China Q2 sales

The US carmaker General Motors reported a 0.7% surge in its China Q2 sales growth rate on Wednesday to 858,344 cars, compared to the last year's same period.

Wed, 04 Jul 2018 09:30:09 GMT

HNA Group's chairman Wang dies on July 3

On Wednesday, China's HNA Group stated its co-founder and co-chairman Wang Jian died on July 3 during the French business trip, following a serious injury he had got by a fall.

Wed, 04 Jul 2018 08:37:27 GMT

China temporarily bars Micron chip sales over patent case

China's court has banned Micron Technology from selling 26 of its chip products in the country amid a patent infringement probe with the Taiwanese firm United Microelectronics Corp, UMC stated.

Wed, 04 Jul 2018 08:35:31 GMT

Indonesia puts ban on China's Tik Tok app amid inappropriate content

On Wednesday, Indonesia has temporarily imposed a ban on Tik Tok, the Chinese video app, claiming it contained inappropriate content, pornography and blasphemy.

Wed, 04 Jul 2018 06:57:06 GMT

Brookstone weighing restructuring options, including bankruptcy

Brookstone, the gift and gadget chain is considering some restructuring options, including a US bankruptcy amid plunging sales due to a downturn at retailers across the US.

Wed, 04 Jul 2018 06:56:40 GMT

CSC ServiceWorks considering sale: sources

The US laundry machine vendor CSC ServiceWorks is considering a sale, which could bring the value of the private equity-owned firm in excess of $3.0B, including debt, sources reported.

Wed, 04 Jul 2018 05:33:37 GMT

PSA Group looks at selling pat of Opel's R&D arm

PSA Group is seeking a partial sale of its Opel affiliate's research and development unit, in the carmaker's efforts to restore profitability in the loss-making arm, Le Monde reported.

Wed, 04 Jul 2018 05:26:48 GMT

Varde considers options for its Spanish bank WiZink, including IPO

Varde Partners is weighing the options for WiZink, its Spanish online bank, including the IPO next year, three sources familiar with the issue reported.

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