News

Tue, 03 Jul 2018 09:28:32 GMT

Austria prepares to protect its borders

The Austrian government has announced that the country is ready to protect its southern border, if a migration deal is made within Germany.

Tue, 03 Jul 2018 09:27:43 GMT

European shares jump on Tuesday

European stock markets surged on Tuesday morning, as the news that the German government has made up its mind in regards to migration policy pushed the stocks higher.

Tue, 03 Jul 2018 08:38:36 GMT

Lyft plans to acquire Motivate bike-share operator

Lyft is planning to acquire the bike-share operator Motivate in its efforts to fend off competition, which arises from its rival Uber Technologies' purchase of JUMP Bikes, the electric cycle-sharing start-up.

Tue, 03 Jul 2018 08:34:59 GMT

Veon to sell its stake in Italy's Wind Tre to cut debt

On Tuesday, the mobile telecommunications firm Veon stated it would sell a stake in Italy's Wind Tre to its partner CK Hutchison in a deal valued at $2.85B, as it seeks to reduce the debt level.

Tue, 03 Jul 2018 07:14:11 GMT

Jet financier Amedeo partners with Intrepid Aviation

On Monday, the aircraft financier Amedeo stated it would launch a partnership with the Intrepid Aviation Holdings' owners, in a deal that would tie up two leasing companies.

Tue, 03 Jul 2018 07:00:22 GMT

SocGen to acquire Commerzbank's commodities arms, equity markets

France's Societe Generale is planning to acquire Commerzbank's equity markets and commodities arm (EMC), bolstering its presence in the area of derivatives.

Tue, 03 Jul 2018 06:39:26 GMT

CMC media group attracts $1.5B from Tencent, Alibaba

On Tuesday, China's media group CMC stated it had raised about $1.49B in its fund-raising round from the tech companies, such as Tencent Holdings and Alibaba Group Holding.

Tue, 03 Jul 2018 06:35:54 GMT

Renault makes mandatory offer to buy out rest of Avtovaz shares

Renault's Russian unit has made a mandatory proposal to buy out the rest of shares in the state-owned carmaker Avtovaz, the French company stated on Monday.

Tue, 03 Jul 2018 04:44:29 GMT

Trump blocks China Mobile US entry

The President of the United States Donald Trump has blocked China Mobile from entering the US telecommunications market naming national security as the reason for the decision.

Tue, 03 Jul 2018 04:42:17 GMT

Malaysian rail link is expected to cost $20 billion

The completion of the Malaysian biggest rail project is set to cost $20B, which is 50% higher than the early estimates made under the previous government.

Tue, 03 Jul 2018 04:25:38 GMT

ThetaRay raises investment for anti-money laundering

Israeli ThetaRay, which develops cyber threat prevention software, has raised additional $30M for the development of financial crime and money laundering prevention systems.

Tue, 03 Jul 2018 04:25:00 GMT

Chinese stocks decline to historical low level

On Tuesday, Chinese stocks fell down to a nine month low level. Financial media blamed trade war tensions for the decline.

Tue, 03 Jul 2018 03:00:27 GMT

PwC to pay FDIC $625.3M on bank's collapse

A federal judge stated that PricewaterhouseCoopers must pay $625.3M in damages to the FDIC for failing to uncover fraud, which led to one of the biggest bank failures of the financial crisis.

Tue, 03 Jul 2018 02:55:40 GMT

Boeing, Embraer near final agreement

Planemakers Boeing and Embraer prepared contracts of the proposed tie-up and are anticipated to submit them to the government of Brazil within two weeks, local newspaper Valor Economico stated.

Tue, 03 Jul 2018 02:35:33 GMT

ADM to buy France's animal feed firm Neovia for $1.8B

Archer Daniels Midland Company was in exclusive talks to take over France's animal nutrition business Neovia for $1.8B within a plan of the US farm giant to expand in the fast-growing sector of animal nutrition.

Tue, 03 Jul 2018 02:31:41 GMT

BOJ to change inflation forecasts for this, next fiscal years

The Bank of Japan is expected to cut inflation forecasts for current fiscal year and the year to March 2020 later this month, as price pressures would remain stubbornly weak, sources familiar with the matter stated.

Mon, 02 Jul 2018 20:32:33 GMT

Italy's unemployment drops to lowest level since 2012

The unemployment rate in Italy declined by 0.3% to 10.7% in May compared to the previous month, the National Institute of Statistics reports.

Mon, 02 Jul 2018 20:31:39 GMT

UN head announces American as deputy representative in Libya

The UN Secretary-General Antonio Guterres announced Stephanie T. Williams of the United States as his deputy representative for political matters in Libya.

Mon, 02 Jul 2018 20:24:33 GMT

Cyprus central bank re-estimates 2018 growth up to 4.1%

The Central Bank of Cyprus increased the estimate of the country's 2018 economic growth to 4.1% from 3.4%, the bank watchdog reports.

Mon, 02 Jul 2018 20:23:35 GMT

German industrial orders increase

New orders in Germany's industrial sector increased after a slump at the beginning of the year, the Ifo Institute for Economic Research reports.

Mon, 02 Jul 2018 17:47:58 GMT

China to enhance cooperation with Laos

China will closely work with Laos to further improve the bilateral strategic partnership between the two nations, a Chinese senior official says.

Mon, 02 Jul 2018 17:47:21 GMT

EU takes legal action against Poland over judicial reform

The European Commission on Monday has sent a "Letter of Notice" to Poland regarding its judicial reform in the latest effort to persuade Warsaw to cancel the reform.

Mon, 02 Jul 2018 17:38:04 GMT

Estonian airline reports record profit

Estonia's airline Nordic Aviation Group reported a profit of $1.05M with an increase in Nordic passenger numbers over 60% in 2017.

Mon, 02 Jul 2018 17:37:11 GMT

EU warns US about possible car tariffs

Import tariffs on cars would be counterproductive and could adversely affect up to $290B of US exports, the European Union says.

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