News

Wed, 03 Oct 2018 02:37:39 GMT

Steel lobbies of Canada and Mexico urge fix to US tariff dispute

On Tuesday, the steel lobbies of Mexico and Canada urged their governments to resolve the steel imports tariff dispute with the US before signing the new trilateral North American Free Trade Agreement deal.

Wed, 03 Oct 2018 02:32:23 GMT

Hilton plans to double hotels in Africa by 2023

On Tuesday, the Chief Executive Officer of Hilton Worldwide Holdings Chris Nassetta claimed that the company is planning to double the amount of its hotels in African states in the next five years.

Tue, 02 Oct 2018 20:25:58 GMT

Eurotorg plans inevitable London listing

The Belorussian biggest food retailer, Eurotorg, was planning to list the company's shares in London in following weeks, sources familiar with the matter stated, potentially valuing the firm at more than $3B.

Tue, 02 Oct 2018 20:09:32 GMT

Brexit uncertainty strains on Jaguar's EV investment decision

The UK biggest car producer Jaguar Land Rover is expected to make a decision on whether to build electric vehicles in the home market partly amid uncertainty over the final terms of Brexit.

Tue, 02 Oct 2018 19:26:29 GMT

Walmart acquires fashion startup Eloquii

Walmart stated that it set to acquire startup selling plus-sized clothing, Eloquii, for a non-designated amount, as it kept looking for ways to appeal to younger shoppers and differentiate from Amazon.com.

Tue, 02 Oct 2018 19:18:54 GMT

BMW sees rivals interested in cooperation on self-driving vehicles

BMW rivals and ride-hailing firms were considering joining its forces for developing self-driving vehicles, as profits in the auto industry came under growing pressure, a board member stated.

Tue, 02 Oct 2018 18:29:42 GMT

Tencent Music files for US IPO

Tencent Music Entertainment Group filed with regulators to list in the US, under the "TME" symbol, in what could be the largest US IPO by the Chinese firm.

Tue, 02 Oct 2018 18:22:45 GMT

Mongolian CB purchases 14.3t of gold in nine months

The Bank of Mongolia purchased 14.3 tons of gold from individuals and legal entities in the first three quarters of 2018, 378 kg less compared to the last year's same period, the Bank stated.

Tue, 02 Oct 2018 17:31:06 GMT

TomTom shares jump on Peugeot, BMW contract wins

TomTom shares rose 4% on Tuesday after the Dutch navigation firm said that it won new contracts with carmakers Peugeot and BMW.

Tue, 02 Oct 2018 17:24:34 GMT

ECB Villeroy: fiscal policy must not impact monetary policy

Francois Villeroy de Galhau, the ECB policymaker, stated that governments should not anticipate the ECB to let fiscal issues prevail, when it sets the monetary policy, even with financial stability at stake.

Tue, 02 Oct 2018 16:13:16 GMT

UK regulator to investigate Vodafone, EE on data coverage

The UK telecoms regulator stated that it was investigating whether mobile operators Vodafone and EE provided accurate information over the coverage of 3G and 4G mobile networks.

Tue, 02 Oct 2018 16:10:33 GMT

Ireland's tax take stays 0.3% below target

Ireland remained 0.3% or 127M behind the tax revenue goal for 2018 at the September end, limiting the room for a heavier budget package.

Tue, 02 Oct 2018 15:26:13 GMT

Citigroup to grow centre of offshore booking in UAE

Citigroup announced plans to boost the role of the United Arab Emirates as a centre of offshore booking and was working towards a full banking license in Saudis, helping to propel regional expansion.

Tue, 02 Oct 2018 15:17:32 GMT

France's carmaker to create car-sharing service in Washington

PSA, the French carmaker of Peugeot and Citroen, is likely to create a vehicle-sharing service in Washington by the end of October, the company's executive stated.

Tue, 02 Oct 2018 14:39:18 GMT

Emerson Electric to acquire GE's intelligent platforms unit

Emerson Electric, the factory automation equipment producer, has agreed to acquire General Electric's intelligent platforms division, the company stated on Tuesday.

Tue, 02 Oct 2018 14:37:28 GMT

Ubisoft shares rise on report over partnership with Google

On Ttuesday, shares of Ubisoft surged 2.4% to €98.94, after Google stated it had signed a partnership deal with the France's video games developer over video game streaming service testing.

Tue, 02 Oct 2018 13:29:53 GMT

Tesla says Model 3s production reaches 54,2K in Q3

Tesla produced 53,239 Model 3s cars in the Q3 and delivered almost 56K of its vehicles to customers, according to the report published on Tuesday.

Tue, 02 Oct 2018 13:25:03 GMT

Amazon to lift its minimal US wage to $15

On Tuesday, Amazon.com announced it would increase the minimum wage for its US employees to $15/h, starting the next month on the back of labour units' criticism for a pay disparity.

Tue, 02 Oct 2018 11:51:24 GMT

PepsiCo reports better-than-expected Q3 revenue

On Tuesday, PepsiCo reported a 1.5% jump in its Q3 revenue to $16.49B, beating analysts' expectations, driven by new products development and marketing investments for Latin America.

Tue, 02 Oct 2018 11:51:14 GMT

Australia's Freedom Insurance cuts jobs, CEO and CFO quit

The Australian insurance company Freedom Insurance Group is cutting more of its workforce on the back of restructuring after an inquiry fallout, prompting its Chief Financial Officer and CEO to quit.

Tue, 02 Oct 2018 11:03:58 GMT

Lavazza to take over Mars Inc's coffee unit in $650M deal

Lavazza, Italy's coffee maker, is set to take over the US food titan Mars Inc's coffee unit in a deal valued at about $650, as Lavazza seeks to expand its business internationally.

Tue, 02 Oct 2018 10:57:52 GMT

Denmark seeks to ban new diesel, petrol car sale from 2030

On Tuesday, Denmark's energy and climate ministry stated it would propose to ban the sale of new diesel and petrol vehicles starting from 2030.

Tue, 02 Oct 2018 10:15:22 GMT

European Parliament invites Danske whistleblower

The European Parliament has sent an invitation to the Danske bank's whistleblower to testify before the parliament.

Tue, 02 Oct 2018 10:14:51 GMT

German coalition agrees upon diesel engines

German coalition has agreed that older diesel car owners in polluted cities will have the option to choose between a hardware update and a trade-in incentive.

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