News

Fri, 14 Sep 2018 10:50:30 GMT

China's Xi, Venezuela's Maduro to meet this Friday

Venezuela's leader Nicolas Maduro is set to meet the Chinese President Xi Jinping this Friday during his visit to Beijing, China's ministry spokesman stated.

Fri, 14 Sep 2018 09:58:26 GMT

Ukraine is in talks with IMF

Ukrainian authorities on Friday revealed that the country's representatives are in talks with the IMF about a new deal that would replace the country's current assistance program.

Fri, 14 Sep 2018 09:57:42 GMT

Euro Zone's labor costs rise

Data on Friday revealed that the European Union's labor costs have risen at their fastest rate during the last six years.

Fri, 14 Sep 2018 09:36:57 GMT

Brazil's Tivit renews listing plans

Tivit Terceirização de Processos, Serviços e Tecnologia, the Brazil IT provider, is planning to resume its initial public offering that had been scrapped in September 2017.

Fri, 14 Sep 2018 08:24:09 GMT

Sweden's Klarna Bank to buy Close Brothers Group's unit

On Friday, Close Brothers Group stated that Sweden's Klarna Bank had agreed to acquire its retail finance unit, not disclosing the value of the deal.

Fri, 14 Sep 2018 08:23:39 GMT

Germany's Metro decides selling Real hypermarkets

The German retailer Metro is planning a sale of its Real hypermarkets, as the company aims to focus on the wholesale business, it stated on Thursday.

Fri, 14 Sep 2018 07:36:35 GMT

China grants approval to Takeda for Shire takeover deal

Takeda Pharmaceutical stated on Friday it had received an approval from China's regulator for its $62B acquisition of Shire, paving the way for the Japanese company to become a global top ten drugmaker.

Fri, 14 Sep 2018 07:32:51 GMT

Nasdaq to acquire Sweden's Cinnober for $190M

On Friday, the exchange operator Nasdaq announced its planned acquisition of Cinnober, Sweden's financial technology provider, in a deal valued at about $190M.

Fri, 14 Sep 2018 06:20:24 GMT

Macron presents anti-poverty plan

The President of France Emmanuel Macron On Thursday announced a $9B anti-poverty plan, which includes better education, school breakfasts, mandatory job training underage school leavers and other measures.

Fri, 14 Sep 2018 06:12:48 GMT

Lira appreciates after rate hike

The Turkish Lira continued to appreciate against the US Dollar on Friday morning, a day after the country's central bank announced rate hike by record 625 basis points.

Fri, 14 Sep 2018 05:16:58 GMT

Oil prices return lost positions

Crude oil prices surged by 18 cents or 0.2% on Friday morning, reaching $68.76 a barrel, amid continuous concerns about trade war between the United Stated, China and other emerging economies.

Fri, 14 Sep 2018 05:10:29 GMT

Abe positively perceives Putin's proposal

The Prime Minister of Japan Shinzo Abe welcomed on Friday Vladimir Putin's initiative, yet once again noted that the dispute around four Kuril Islands must be resolved before a peace agreement can be signed.

Fri, 14 Sep 2018 04:22:50 GMT

Bezos promises give $2B to poor

The founder of Amazon.com Jeff Bezos promised on Thursday to allocate $2B to help homeless families and build pre-schools in low-income neighborhoods.

Fri, 14 Sep 2018 04:16:24 GMT

Abe expects change of BOJ policy in coming years

The Prime Mister of Japan Shinzo Abe stated on Friday that he expects that ultra-easy policy of the central bank would not continue forever, leaving the decision on the exact timing to governor Kuroda.

Fri, 14 Sep 2018 02:59:22 GMT

Chinese retail sales, industrial output up last months

China's industrial production grew 6.1% in the months of August from the prior year, while retail sales rose 9.0% in the same period, both beating forecasts, the report showed.

Fri, 14 Sep 2018 02:57:21 GMT

China investment growth at new record low in August

The Chinese fixed-asset investment growth weakened to 5.3% in the eight-month period of the year, missing forecasts and hitting a new low, data revealed on Friday.

Fri, 14 Sep 2018 02:34:42 GMT

Walmart's purchase of Cornershop to fuel e-commerce

Walmart is set to acquire Mexican food delivery firm Cornershop for $225M, in a bid to ramp up the company's online grocery business in Latin America.

Fri, 14 Sep 2018 02:31:06 GMT

IKEA set for home delivery by EV in five cities by 2020

IKEA Group stated that all the company's home deliveries in the inner cities of Amsterdam, New York, Los Angeles, Shanghai and Paris would be done by electric car or alternative by 2020.

Thu, 13 Sep 2018 20:31:55 GMT

ECB still on course to end stimulus even with higher growth risks

The European Central Bank announced the decision to keep policy unchanged, as anticipated, staying on course to cease bond purchases in 2018 and raise rates next autumn.

Thu, 13 Sep 2018 20:16:14 GMT

US government has $214B deficit last month

The US government posted a $214B budget deficit in the month of August, almost double the deficit for the same period in 2017, as outlays grew, according to data from the Treasury Department.

Thu, 13 Sep 2018 19:17:38 GMT

JPMorgan reports small drop in Q3 markets revenue

Markets revenue at JPMorgan Chase & Co in the third quarter was down slightly from the prior year, after adopting for tax law changes, the CFO Marianne Lake stated.

Thu, 13 Sep 2018 19:08:27 GMT

GM to recall 1.2M vehicles worldwide

General Motors was recalling 1.205M sport utility vehicles and pickup trucks worldwide amid issues with a power steering's temporary loss, the automaker stated.

Thu, 13 Sep 2018 18:22:06 GMT

German leaders plan meeting next week

Leaders of the German ruling parties stated they were set to meet next week to decide on whether the intelligence agency's embattled head should keep the job.

Thu, 13 Sep 2018 18:00:02 GMT

EU raises competition concerns about Tele2's Dutch deal

The European Commission has raised concerns on Thursday over the competition effect by its planned acquisition of the effect by its planned acquisition of the Tele2's Dutch operations.

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