News

Sat, 20 Oct 2018 07:51:33 GMT

UBS asks staff to reconsider China travel

UBS Group AG has warned its China wealth management employee to reconsider their plans to travel to China after the Chinese authorities asked one of its staff to delay her flight from Beijing.

Sat, 20 Oct 2018 07:51:09 GMT

Wall Street on edge, as investors look to tech trio

The pressure is on Microsoft, Alphabet and Amazon as they prepare to report quarterly results.

Sat, 20 Oct 2018 07:17:37 GMT

Oil edges higher on signs of China's demand

Oil prices edged higher on Friday on indications of increasing demand in China, the world's second-largest oil consumer.

Sat, 20 Oct 2018 07:17:18 GMT

Canada's government gives Lockheed Martin chance to bid on warships design

The Canadian government said that Lockheed Martin Corp would be allowed to bid on a deal to design warships that could cost Canada about $46 billion.

Sat, 20 Oct 2018 06:28:38 GMT

BOE's Carney says Federal Reserve is raising rates for good reasons

The Governor of Bank of England Mark Carney thinks that the US Federal Reserve is hiking interest rates because of the strength of the US economy.

Sat, 20 Oct 2018 06:27:09 GMT

May plans to drop Brexit demand on Irish border

The UK Prime Minister Theresa May said that she is ready to drop her Brexit demand on Irish border and agree to a fall back arrangement, which does not have a deadline.

Sat, 20 Oct 2018 05:46:40 GMT

Poland to appeal against EU court orders

The leader of Law and Justice (PiS) party Jaroslaw Kaczynski said that Poland will appeal against an order by the European Union's Court of Justice to stop an overhaul of Poland's Supreme Court.

Sat, 20 Oct 2018 05:46:01 GMT

ECJ orders halt to Poland's judicial overhaul

The European Union Court of Justice has ordered Poland to suspend and reinstate the country's Supreme Court judges who were forced into early retirement.

Sat, 20 Oct 2018 04:30:46 GMT

UK's PM May is confident to clinch a Brexit deal this autumn

British Prime Minister Theresa May said that Brussels and London are planning to reach the Brexit deal by the end of 2018.

Sat, 20 Oct 2018 04:29:58 GMT

British PM May convinces business leaders of EU commitment

The UK Prime Minister Theresa May has reassured business leaders that the United Kingdom and the European Union are committed to reaching the Brexit agreement.

Sat, 20 Oct 2018 04:23:05 GMT

UK's PM May is confident to clinch a Brexit deal this autumn

British Prime Minister Theresa May said that Brussels and London are planning to reach the Brexit deal by the end of 2018.

Fri, 19 Oct 2018 15:18:55 GMT

Airbus executive to skip Saudi Business Initiative Summit

On Friday, Airbus said that its defence chief Dirk Hoke has cancelled his plans to attend the next week's Investment conference in Saudi Arabia, following the disappearance of journalist Jamal Khashoggi.

Fri, 19 Oct 2018 15:16:41 GMT

Deutsche Bank's CEO Sewing pulls out from Saudi conference

On Friday, Deutsche Bank's CEO Christian Sewing said he will not attend the Saudi Arabia Investment conference amid concern about the whereabouts of journalist Jamal Khashoggi.

Fri, 19 Oct 2018 14:29:50 GMT

Dutch billionaire Boekhoorn to buy Lion Capital's HEMA

Lion Capital is selling its Dutch retailer chain HEMA for an undisclosed amount to the investment company Ramphastos Investments led by the Dutch billionaire Marcel Boekhoorn.

Fri, 19 Oct 2018 13:57:11 GMT

Bouygues shares drop on company's profit warning

On Friday, Bouygues' shares plunged as much as 6.8% after the French company had reduced its annual operating profit estimates due to some difficulties at the construction businesses in the Q3.

Fri, 19 Oct 2018 13:37:22 GMT

Coca-Cola appoints veteran Smith as COO

On Thursday, Coca-Cola named Brian Smith, the company veteran, as Chief Operating Officer, after the ex-COO James Quincey gained the role of the CEO last year.

Fri, 19 Oct 2018 12:35:36 GMT

Micron to acquire Intel's stake in IM Flash Tech JV

On Thursday, Micron technology announced about a planned acquisition of Intel's stake in the joint venture IM Flash Technologies, in a deal that includes $1.5B payment in cash.

Fri, 19 Oct 2018 12:13:03 GMT

Italian fashion house Armani to stay independent

Giorgio Armani, Italy's fashion house, decided to remain independent, despite being approached by some suitorы, the company's owner announced on Friday.

Fri, 19 Oct 2018 10:14:21 GMT

UK lawmakers bring forward petrol and diesel car ban

On Friday, a parliamentary committee in the UK announced that the country should ban the sale of new diesel and petrol cars and vans in 2032 instead of the previously planned 2040.

Fri, 19 Oct 2018 10:13:50 GMT

Ford CEO gathers car dealers

The Chief Executive of Ford Motor Company Jim Hackett has gathered car dealers in Las Vegas to restore their confidence in the company.

Fri, 19 Oct 2018 09:07:46 GMT

Singapore's PM: trade deal between Singapore and post-Brexit UK is possible

On Friday, the Prime Minister of Singapore Lee Hsien Loong claimed that a new trade agreement between Singapore and post-Brexit UK is possible, adding that Singapore would like to extend Asian countries' trade deal with the EU to the UK.

Fri, 19 Oct 2018 08:55:32 GMT

ZF acquires 35% stake in AV software company ASAP

On Friday, German manufacturer of car parts ZF Friedrichshafen claimed that it has acquired 35% of shares in ASAP, a Germany-based company testing systems and developing software for autonomous and electric vehicles.

Fri, 19 Oct 2018 08:17:05 GMT

EU's Barnier: Brexit deal is 90% finished

On Friday, chief EU Brexit negotiator Michel Barnier claimed that an agreement between the EU and the UK is 90% finished, however, there is a chance that a deal could be postponed because of the disagreements regarding Irish border.

Fri, 19 Oct 2018 08:12:36 GMT

Germany's Merkel: Asia and Europe are open to free trade

On Friday, German Chancellor Angela Merkel claimed Asia-Europe summit confirms that both Asia and Europe support the multilateralism and the idea of a free trade. 

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