News

Fri, 28 Sep 2018 10:12:43 GMT

Italy defies European Union

On Friday, the Italian new government proposed the budget of 2019 with a deficit, which is three times higher than the previously set target. The event created a selloff of Italian bonds.

Fri, 28 Sep 2018 09:02:00 GMT

Huntington Ingalls awarded $5.1B US defence contract

Huntington Ingalls Industries has won a $5.1B US defence contract to construct six DDG 51 class vessels, according to a Pentagon report.

Fri, 28 Sep 2018 08:59:04 GMT

VW to back modernisation of older diesel vehicles in Germany

Volkswagen is ready to support hardware retrofitting for its older diesel cars, offering the German drivers to exchange some of their vehicles for newer models.

Fri, 28 Sep 2018 08:00:20 GMT

EU advertising firms' shares drop on probe report by WSJ

Shares in the EU advertising firms WPP and Publicis plunged this Friday, after the Wall Street Journal presented a report saying the US had launched a probe into media-buying practices in the sector.

Fri, 28 Sep 2018 07:54:23 GMT

Cognizant seeks buying Softvision

Cognizant Technology Solutions has entered talks to acquire the app developer Softvision in a possible deal worth $550M the IT provider, as the IT provider seeks boosting its digital business.

Fri, 28 Sep 2018 07:38:11 GMT

Knorr-Bremse expects to raise up to $4.89B in IPO

Germany's brake systems maker, Knorr-Bremse, is set to list its shares on Frankfurt's stock exchange, expecting to attract up to $4.89B.

Fri, 28 Sep 2018 07:33:55 GMT

Perella Weinberg picks JPMorgan, Goldman to lead IPO

Perella Weinberg Partners, the boutique advisory company, has asked JPMorgan Chase and Goldman Sachs to lead the group's initial public offering, expected to take place this year-end, according to Bloomberg.

Fri, 28 Sep 2018 05:39:30 GMT

Reuters poll: Singapore to tighten monetary policy in October

According to the recent economists poll of Reuters, Singapore is likely to tighten its monetary policy in October again, although change in policy is expected to be modest.

Fri, 28 Sep 2018 05:36:50 GMT

Number of potential IPOs triples in Hong Kong this year

In 2018, the number of companies which are willing to go public on the Stock Exchange of Hong Kong has tripled in comparison with a previous year due to the rapid development of tech companies in the region.

Fri, 28 Sep 2018 04:39:57 GMT

Japan's industrial rebound fails to impress due to trade risks

On Friday, Japanese Mizuho Research published a new industrial report for Japan which underlines that the manufacturing output in Japan have recovered only moderately.

Fri, 28 Sep 2018 04:36:39 GMT

Japan's Nikkei hits 27-year high

On Friday, Japanese Nikkei hit 27-year high because of the dollar boost after the Chairman of the US Federal Reserve claimed that he is not expecting a near-time recession.

Fri, 28 Sep 2018 03:38:43 GMT

China's diplomat: Rohingya problem should not be internationalised

On Friday, a top diplomat of China said that the Rohingya problem should not be expanded or "internationalised" as the UN prepares to set up a special body to investigate the Rohingya issue.

Fri, 28 Sep 2018 03:33:50 GMT

Samsung board chairman to save his role after union allegations

On Friday, Samsung Electronics Co Ltd's claimed that its chairman Lee Sang-hoon would continue to serve as a chairman after a recent allegations in sabotaging activities of the labour trade union.

Fri, 28 Sep 2018 02:36:24 GMT

Boeing to build next US Air Force training jet

On Thursday, the US Air Force claimed that Boeing Co won $9.2B contract to build a new US Air Force training jet over the life of the whole program.

Fri, 28 Sep 2018 02:27:42 GMT

Iran's Javad Zarif: India to keep buying Iranian oil

On Thursday, the Foreign Minister of Iran Mohammad Javad Zarif claimed that India preserves its plans to buy Iranian oil and to continue the economic partnership between two nations.

Thu, 27 Sep 2018 19:54:05 GMT

Business groups call on US court to keep AT&T-Time Warner merger

On Thursday, business groups, such as the US Chamber of Commerce and others, called on the US Appeal Court to not undo the merger deal between AT&T and the TV show and film maker Time Warner.

Thu, 27 Sep 2018 19:53:09 GMT

Petrobras to pay $853M fine in settlement with US

Petróleo Brasileiro is set to pay $853M fine to settle the US criminal charges over the Brazilian oil company's bribery deals related to the Car Wash probe.

Thu, 27 Sep 2018 18:59:06 GMT

Trump, Deputy AG postpone meeting until next week

The US President Donald Trump and Rod Rosenstein, the Deputy Attorney General, agreed to postpone their meeting, scheduled for this Thursday, to the next week amid Senate hearing for the Supreme Court nominee.

Thu, 27 Sep 2018 18:58:38 GMT

Cabify, Uber drivers launch strike in Spanish capital over law changes

Hundreds of thousand drivers for the ride-hailing firms Cabify and Uber launched a protest in Spain's capital of Madrid on Thursday against the government's plans to tighten regulations.

Thu, 27 Sep 2018 17:54:50 GMT

Ford calls for "certainty" in US trade deals

Ford Motor has called on the Trump Administration to clear its upcoming trade accords with China, Canada and other countries, as the carmaker seeks making investment deals with a "certainty".

Thu, 27 Sep 2018 17:54:19 GMT

Volvo set to start selling e-trucks in North America

The second-largest truck maker in the world, Volvo, is planning to start selling its electric trucks in North America within the next two years, hoping to launch sales by 2020, it stated on Thursday.

Thu, 27 Sep 2018 17:33:09 GMT

Shell considers buying stake in Russia's oil projects

Royal Dutch Shell has entered the talks over acquiring a stake in the Russian gas and oil project from Gazprom, according to three sources with a direct knowledge of the situation.

Thu, 27 Sep 2018 17:29:08 GMT

LVMH plans to revive France's Jean Patou fashion house

France's luxury group LVMH acquired a controlling stake in the Parisian fashion house Jean Patou from the UK group Designer Parfums, seeking to relaunch its pret-a-porter line.

Thu, 27 Sep 2018 16:40:09 GMT

Canada to stay in NAFTA talks despite Trump's allegations

On Thursday, the Prime Minister of Canada Justin Trudeau claimed that Canada is planning to participate in NAFTA talks unless an agreement could be achieved despite US President's Trump's allegations.

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