News

Mon, 19 Nov 2018 21:29:42 GMT

Middle East's Careem hires Jefferies as adviser on Uber deal

Careem, the Middle East ride-hailing company, has tied up with the investment bank Jefferies, hiring it as the adviser on fundraising and investment options, including the potential M&A deal with its rival Uber Technologies.

Mon, 19 Nov 2018 21:24:49 GMT

China approves Disney's takeover of 21st Century Fox

On Monday, China has granted its unconditional approval to Walt Disney's planned acquisition of the Twenty-First Century Fox's entertainment assets in the $73.1B deal.

Mon, 19 Nov 2018 19:57:41 GMT

Wall Street pressured by Apple shares

On Monday, the Dow Jones Industrial declined by about 400 points, as a drop in Apple shares crushed the tech sector.

Mon, 19 Nov 2018 19:55:36 GMT

Brent crude futures decline on Monday

On Monday, the Brent crude oil edged lower, under pressure from increasing supply, but supported by a possible European Union sanctions on Iran and a reported drawdown in the US oil inventories.

Mon, 19 Nov 2018 19:05:29 GMT

Russia will retaliate if US withdraws from nuclear arms control treaty

On Monday, Russia's President Vladimir Putin said that Moscow would retaliate if the United States quit the nuclear arms control treaty.

Mon, 19 Nov 2018 19:05:06 GMT

Germany imposes visa ban and arms freeze over Khashoggi death

On Monday, Germany imposed entry banned on Saudi Arabia citizens suspected of killing journalist Jamal Khashoggi and move to freeze all arms sales to Riyadh.

Mon, 19 Nov 2018 18:08:00 GMT

Corbyn says UK's Labour party will not support no-Brexit deal

On Monday, the leader of UK's opposition party Jereme Corbyn said that Labour party would not support a no-Brexit deal.

Mon, 19 Nov 2018 18:06:41 GMT

UK's PM May promises to stick to Brexit deal

On Monday, the UK Prime Minister Theresa May vowed to stand by her draft Brexit deal, as opponents tried to initiate a leadership challenge.

Mon, 19 Nov 2018 17:26:07 GMT

Nearly 4000 people evacuated, as Fuego volcano erupts

On Monday, Guatemala's disaster agency said that more than 4000 people have been evacuated from areas hits by Fuego volcano.

Mon, 19 Nov 2018 17:19:30 GMT

Eurozone's finance ministers discuss debt restructuring

On Monday, the Eurozone Finance Ministers discussed ideas on how to make sovereign debt restructuring more predictable and earlier.

Mon, 19 Nov 2018 15:55:47 GMT

Xiaomi swings to profit in Q3 amid strong sales

China's smartphone maker Xiaomi stated that it came to net profit in the Q3, beating analyst forecasts, driven by strong sales in Europe and India.

Mon, 19 Nov 2018 15:49:30 GMT

Apple slashes production orders for new iPhone models

Apple slashed production orders in recent few weeks for all three models of iPhone, which were launched in September, the WSJ reported, citing sources.

Mon, 19 Nov 2018 15:16:40 GMT

IMF: optimism in South African economic recovery fades

Plans for South African economic recovery plans faced serious constraints with increasing state firms' debt and capital outflows, resulting from a global trade tension, the IMF stated.

Mon, 19 Nov 2018 15:13:36 GMT

India's Central Bank to improve liquidity

The Reserve Bank of India's Board agreed to ease liquidity for the country's financial sector and rise credit to small businesses, two sources familiar with the matter stated.

Mon, 19 Nov 2018 14:12:22 GMT

France's Macron vows to keep Renault-Nissan stabilty

France is set to work to preserve the stability of Renault and the firm's alliance with Nissan, Emmanuel Macron, the country's President stated, after Japan's carmaker took steps to oust Chairman over alleged financial irregularities.

Mon, 19 Nov 2018 13:39:22 GMT

Uber provides services in Abu Dhabi

Uber Technologies resumed to provide its services in Abu Dhabi, the US ride-hailing firm said in the statement, after two years of suspension.

Mon, 19 Nov 2018 13:37:10 GMT

JD.comunder pressure, as big ticket items sales slow

China's e-commerce company JD.com Inc's shares under pressure, after the firm reported the weakest quarterly revenue increase since its IPO in 2014.

Mon, 19 Nov 2018 12:15:43 GMT

Part of LSE moves to Italy

The London Stock Exchange (LSE) stated on Monday that it would transfer its MTS Cash to Italy, the largest European sovereign bond market, in order to mitigate risks arising from Brexit.

Mon, 19 Nov 2018 12:07:21 GMT

Nissan to fire chair Ghosn

In a statement released on Monday, Nissan Motor Co Ltd said it would ask its Chairman Carlos Ghosn to step down amid allegations that he spent corporate money for private needs.

Mon, 19 Nov 2018 11:21:06 GMT

McLaren chief support Brexit deal

The McLaren Automotive chief Mike Flewitt stated on Monday that no-deal Brexit is not an option for businesses while Theresa May's draft agreement at least provides certainty for certain time period.

Mon, 19 Nov 2018 11:17:51 GMT

May calls business to support her Brexit deal

On Monday, the British Prime Minister Theresa May said that she would try to get support from businesses with respect to her deal on the country's exit from the European Union.

Mon, 19 Nov 2018 10:12:20 GMT

Fitch projects fall of real estate prices in China

One of the top credit rating agencies Fitch stated on Monday that next year might be marked by plunge of prices on real estate in small Chinese cities amid a gradual slowdown of the country's economy.

Mon, 19 Nov 2018 10:08:53 GMT

Scholz wants to see results on banking union

On Monday the Finance Minister of Germany Olaf Scholz stated that he wanted to achieve particular results on the EU banking union next month.

Mon, 19 Nov 2018 07:47:13 GMT

German Minister Altmaier says no renegotiation of Brexit deal

On Monday, Peter Altmaier, the German Economic Minister, said that there would be no renegotiation of the Bexit deal reached last week between Britain and the European Union.

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