News

Fri, 12 Oct 2018 06:37:08 GMT

Air Transat's deal with Thomas Cook likely to expand

On Friday, the CEO of Air Transat stated that the partnership between Canada's carrier and the UK Thomas Cook's airline arm could expand and would include interlining and codesharing.

Fri, 12 Oct 2018 06:33:21 GMT

Blackstone nears £800M deal to acquire NEC Group

Blackstone Group is close to the £800M worth deal to acquire NEC Group, the UK live events business, according to a Sky News report published on Thursday.

Fri, 12 Oct 2018 05:22:14 GMT

China coal imports plunge in September

According to report published by the General Administration of Customs, China's coal imports in September dropped by 12% or 25.14M tonnes, thus reaching the lowest number since May.

Fri, 12 Oct 2018 05:18:06 GMT

Tencent Music postpones US IPO

According to sources familiar with the matter, Tencent Music has decided to delay its initial public offering (IPO) in the United States at least until November in order to wait for markets stabilization.

Fri, 12 Oct 2018 03:10:50 GMT

German expansion limited by labour shortages, trade disputes

Germany's economy was losing steam amid rising trade tensions and skilled workers' lack, limiting the expansion prospects for the economy, the country's Economy Minister Peter Altmaier stated.

Fri, 12 Oct 2018 03:02:02 GMT

Shell to sell Venezuela's JV stake to Maurel & Prom

Royal Dutch Shell was negotiating the sale of stake in Venezuela's oil joint venture to France's Maurel & Prom (MAUP.PA), sources stated, in a move to scale down the crude business to focus on gas.

Fri, 12 Oct 2018 02:37:18 GMT

Mexico to protect exporters of steel exporters from Canada's measures

Mexico is set to take action to protect own steel exporters in the near term, after Canadian measures covered so,e products, according to a statement from the Mexican Economy Ministry.

Fri, 12 Oct 2018 02:32:36 GMT

Australia's economy to keep expanding

The Australian economy is expected to grow markedly over the next years on strong resource exports and booming infrastructure spending, though falling house prices and trade tensions are likely to hurdle ahead.

Thu, 11 Oct 2018 20:13:54 GMT

Japan issues financial warning

The Finance Minister of Japan Taro Aso on Thursday announced that the recent appreciation of the Yen and stock market volatility could damage the country's economy.

Thu, 11 Oct 2018 20:13:45 GMT

Wells Fargo increases lobbyism

As Well Fargo has fallen out of lawmakers grace due to recent scandals, the bank has begun to lobby their reputation by financing charity in certain lawmaker districts.

Thu, 11 Oct 2018 19:10:28 GMT

US senators probe Google

Three senators of the Republican Party have filed a request to Alphabet to explain the recent vulnerabilities of Google+ network.

Thu, 11 Oct 2018 19:10:17 GMT

Sears wants to sell assets

The CEO of Sears Holdings Eddie Lampert revealed on Thursday that he is looking for a buyer for the company's assets as an alternative for traditional bankruptcy.

Thu, 11 Oct 2018 18:02:50 GMT

Recent stock retracement wipes out one trillion dollars

The selloff that is occurring in the financial markets has wiped out one trillion US Dollars in equity value since the 2018 peak level.

Thu, 11 Oct 2018 18:02:34 GMT

Brazilian leftist candidate promises reforms

On Thursday, Fernando Haddad announced in an interview that, if he would be elected President of Brazil, he would start a tax and bank reform.

Thu, 11 Oct 2018 16:51:46 GMT

US stocks decline on Thursday

Stocks on Wall Street plummeted on Thursday. Although, the drop was smaller than during the previous trading session.

Thu, 11 Oct 2018 16:51:15 GMT

US inflation slows in September

In September the US Consumer Price Index rose less than it was forecast by market participants. Namely, prices increased by 0.1% instead of the forecast 0.2%.

Thu, 11 Oct 2018 16:25:58 GMT

Ceva Logistics drops DSV's $1.55B takeover bid

Ceva Logistics, the Swiss transport company, has rejected a $1.55B worth takeover bid from the Danish firm DSV, saying the offer had undervalued the group.

Thu, 11 Oct 2018 16:21:57 GMT

British watchdog to investigate British Airways partnership

On Thursday, British competition regulator stated it would launch an inquiry into the British Airways alliance with other airlines over transatlantic routes amid 2020 expiry of the previous deal.

Thu, 11 Oct 2018 15:31:20 GMT

Thai regulator bans PTT bid to acquire Glow Energy

Thailand's energy regulator has imposed a ban on PTT's takeover bid to buy the power company Glow Energy from the French firm Engie in a $4.0B worth deal that could become one of the country's biggest investments this year.

Thu, 11 Oct 2018 15:22:25 GMT

Livent drops 3.6% in market debut on Thursday

The lithium producer Livent has plunged 3.6% in its Thursday's market debut, as the company had been priced at the lowest of its set price range due to investors' concerns over the the recent price slides in lithium in China.

Thu, 11 Oct 2018 14:09:02 GMT

ECB reveals fears of trade war

The latest ECB meeting minutes highlight that the European Central Bank is afraid that global trade tensions will decrease the euro zone's growth.

Thu, 11 Oct 2018 14:08:55 GMT

Jordan changes government cabinet

On Thursday, the Prime Minister of Jordan announced a reshuffle of his minister cabinet. The reshuffle is expected to speed up the IMF-guided reforms.

Thu, 11 Oct 2018 13:27:23 GMT

Airbus might increase output

CFM International, which produces jet engines, is preparing for negotiations with Airbus about an increase of narrow body jet production.

Thu, 11 Oct 2018 13:26:49 GMT

Oil prices extend retracement

Crude Oil prices reached a two week low level on Thursday. Meanwhile, markets expected the price to be influenced by the weekly US Crude Oil Inventories report.

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