News

Wed, 28 Nov 2018 14:37:23 GMT

Detroit automakers keep cutting car output in North America

The Detroit Three automakers, Ford Motor, Fiat Chrysler Automobiles and General Motors, continue to narrow their car production in North America amid plunging demand for classical sedans.

Wed, 28 Nov 2018 14:32:43 GMT

Polio vaccination campaign kicks off in Yemen

The aid agencies, WHO and UNICEF, launched the polio vaccination campaign to inoculate about 5M children in Yemen, as the state's healthcare system is hit by three-year war.

Wed, 28 Nov 2018 13:39:05 GMT

DEPA finalises purchase of Shell's stake in local gas supplier

Greek gas firm DEPA has finalised its purchase of Shell's 49% stake in the local gas distributor and gas supplier in Athens in a deal that makes it the only stakeholder in both companies.

Wed, 28 Nov 2018 13:34:50 GMT

Mubadala, Saudi Arabia and Russia's fund discuss drilling firm stake buy

UAE's Mubadala, Saudi Arabia and Russian sovereign wealth fund have entered talks to acquire a 16% stake in Russia's oil drilling company Eurasia Drilling, the head of Russian fund stated on Wednesday.

Wed, 28 Nov 2018 12:39:26 GMT

Ride-hailing firm Didi faces China's safety crackdown

On Wednesday, China's authorities launched a safety crackdown on its ride-hailing industry, targeting the local company Didi Chuxing with fines amid two fatal incidents.

Wed, 28 Nov 2018 12:34:54 GMT

Biosev picks bank for Brazil sugar asset potential sales

The ethanol and sugar maker Biosev hired Rabobank's investment unit to lure potential buyers for its Brazilian sugar plants, sources with a knowledge of the matter stated.

Wed, 28 Nov 2018 11:17:50 GMT

EU Advocate General will reveal opinion on Brexit in December

On Wednesday, the European Union's Advocate General of the EU's top court will publish his opinion about whether Britain can unilaterally reverse Brexit. The publication will occur on December 4.

Wed, 28 Nov 2018 11:16:06 GMT

Italian Minister of Economy comments on Italian budget

On Wednesday, the Italian Minister of Economy Giovanni Tria announced that the Italian government is seeking a tweak to the fiscal budget, which could support economic growth and decrease the budget deficit.

Wed, 28 Nov 2018 10:39:21 GMT

AXA lifts profit targets amid $15B XL deal

The EU second-largest insurer AXA has raised its net income targets, expecting a rise within the following two years, in a wake of the $15B XL unit deal.

Wed, 28 Nov 2018 10:37:00 GMT

Head of Deutsche Bank Americas seen to quit

Tom Patrick, Deutsche Bank's Americas head, is expected to quit his position at the bank by this year's end, sources familiar with the situation reported on Wednesday.

Wed, 28 Nov 2018 09:13:33 GMT

New Zealand drops Huawei's 5G bid amid security concerns

The intelligence agency of New Zealand rejected the first request by the telecom industry to use Huawei's 5G equipment in the country, citing national security risk.

Wed, 28 Nov 2018 09:09:56 GMT

Commerzbank walks away from bidding for NordLB

Commerzbank decided to drop out of bidding for the NordLB's stake, Germany's public sector lender, due to the suitor unsatisfied with the synergy potential and growth from the deal, according to Handelsblatt.

Wed, 28 Nov 2018 08:00:00 GMT

Sears wins approval for extra $350M loan

On Tuesday, Sears Holdings secured court approval for additional $350M in bankruptcy financing that would let the retailer operate during the holidays on the back of its attempts to restructure.

Wed, 28 Nov 2018 07:54:08 GMT

Roche acquires Jecure in chase for liver disease treatment

Swiss drugmaker Roche signed a deal to acquire the US biotech firm Jecure Therapeutics, joining Novartis, Gilead Sciences and Pfizer in a race for new drugs to cure fatty liver disease.

Wed, 28 Nov 2018 07:39:23 GMT

Advent International plans bidding for France's L'Occitane

According to the Financial Times report seen on Tuesday, Advent International has raised its interest into bidding for France's cosmetics retailer L'Occitane International.

Wed, 28 Nov 2018 06:11:37 GMT

US Dollar value fluctuates due to Fed expectations

As the US Dollar traded near a two year high on Wednesday, the financial media named as the reason for the surge concerns over incoming US Federal Reserve's Meeting Minutes that were scheduled to be published on Thursday.

Wed, 28 Nov 2018 06:11:11 GMT

YouTube starts making free content

On Wednesday, the representatives of YouTube announced that the company intends to make free shows and movies in the future. The company intends to gain profits from the advertisements shown during the content viewing.

Wed, 28 Nov 2018 05:34:51 GMT

Oil prices rise on Wednesday

On Wednesday morning global crude oil price benchmarks increased. The reason for the surge were the expectations that a production cut will be agreed at the upcoming OPEC meeting.

Wed, 28 Nov 2018 05:34:22 GMT

Indian stocks are expected to decline

On Wednesday, it was announce that Indian stock markets are expected to decline in 2019, as the elections will cause uncertainty.

Wed, 28 Nov 2018 04:33:51 GMT

Japan stocks to close 2018 largely flat

Japanese stocks are expected to be largely flat this year and then rise over 3% in 20019, supported by cheap valuations, though gains would be limited by trade disputes hitting global economy, a Reuters poll found.

Wed, 28 Nov 2018 04:31:23 GMT

BoE, UK government to spell out risks of Brexit without deal

The UK government and the Bank of England are expected to step up their warnings of affects to the economy from no-deal Brexit, potentially helping the Prime Minister Theresa May to tackle deep opposition to her plan.

Wed, 28 Nov 2018 03:03:53 GMT

Google's workers demand closure of censored China's search project

More than 200 engineers, managers and designers at Alphabet's Google demanded that the company end censored search engine development for users from China, escalating prior protests against the project.

Wed, 28 Nov 2018 02:56:32 GMT

BMW considers second manufacturing plant in US

BMW was considering the second manufacturing plant in the US, which could produce transmissions and engines, the CEO Harald Krueger stated.

Tue, 27 Nov 2018 20:56:16 GMT

Kudlow says US-China trade deal still possible

On Tuesday, Larry Kudlow, the White House Economic Adviser, said that a trade deal between the United States and China could still be possible.

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