News

Sat, 30 Jun 2018 12:30:24 GMT

Iraq to manually recount election votes of May on Tuesday

Iraq will manually start to recount national election votes of May on Tuesday, a spokesperson for the Independent High Electoral Commission declared in a statement.

Sat, 30 Jun 2018 11:38:41 GMT

Norway's Opera files for listing in the United States

Norway's web browser Opera has filed for the US initial public offering on Friday, seeking to raise about $115M on the Nasdaq SE under the "OPRA" symbol.

Sat, 30 Jun 2018 11:29:52 GMT

CVC Capital to acquire controlling stake in Italy's Recordati

CVC Capital Partners' investment fund consortium is willing to acquire a 51.8% majority stake in Recordati, the Italian pharmaceutical group, in a deal valued at $3.5B.

Sat, 30 Jun 2018 10:34:00 GMT

China's factory PMI drops to 51.5 this month

China's official factory PMI fell to 51.5 in June, compared to the prior month's 51.9 reading, raising concerns over a slowdown in the second-largest economy in the world, the official data showed on Saturday.

Sat, 30 Jun 2018 10:27:27 GMT

Italy bars migrant rescue ship from docking at its posts

On Friday, the Italian government has shut out another migrant rescue ship, not letting it dock at the country's ports, in a third refusal this month, following a tough meeting of EU leaders over migration.

Sat, 30 Jun 2018 09:35:53 GMT

Qualcomm extends tender offer to acquire NXP Semiconductors

On Friday, the US chipmaker Qualcomm has extended its tender proposal for a takeover deal of NXP Semiconductors worth $44B for the almost 30th time, seeking for clearance from China's government.

Sat, 30 Jun 2018 09:31:56 GMT

Kroger, Nuro to launch test of unmanned delivery van

Kroger and Silicon Valley's start-up Nuro are set to launch a road test of its driverless delivery van scheduled for this autumn, as the biggest US supermarket provider fights with Amazon and others for its dominance in the fresh grocery delivery service.

Sat, 30 Jun 2018 08:07:04 GMT

GM says US import tariffs could require smaller company

General Motors Co notified on Friday that greater tariffs on imported automobiles under evaluation by the Trump administration might cost jobs and result in a smaller GM.

Sat, 30 Jun 2018 07:56:16 GMT

Greenlight Capital suffers fresh losses, down 7.1 percent this month

On Friday, David Einhorn who is a Billionaire investor told clients that his hedge fund Greenlight Capital experienced fresh losses this month, dropping 18.3 percent starting from January.

Sat, 30 Jun 2018 07:37:29 GMT

In farewell to US shoppers, Toys R Us induces to play on

As Toys R Us stores throughout the United States had their last day in business on 29 June, the bankrupt toy merchant posted a farewell note to people on its website saying: "Play on!"

Sat, 30 Jun 2018 07:23:12 GMT

Fed gets suggestions for more flexible approach after stress test

The results after Federal Reserve took stress test suggested a more adaptable approach, another signal that regulator is reacting positively to a Wall Street push for suitable bank supervision.

Sat, 30 Jun 2018 06:40:24 GMT

Investors hopeful that Lopez Obrador governs from the center

Mexican assets are set to improve even if leftist Lopez Obrador wins presidential election on Sunday, as the uncertainty resulting from race fades.

Sat, 30 Jun 2018 06:31:48 GMT

Missouri appeals court throws out $55M J&J talc-powder verdict

On Friday, Missouri appeals court threw out a $55M verdict against the Johnson & Johnson company in a case where woman claimed that she got an ovarian cancer after utilizing their products.

Sat, 30 Jun 2018 05:38:15 GMT

US intelligence believes North Korea makes extra nuclear bomb fuel

The US intelligence agencies believe that North Korea has boosted production of nuclear bomb fuel while seeking concessions in talks with the United States.

Sat, 30 Jun 2018 05:29:53 GMT

Canadian populist leader Doug Ford is now Ontario province premier

On Friday, Doug Ford who is the leader of populists was sworn in to be Ontario's new premier, finishing Liberal rule that lasted 15 years in the most populous province in Canada.

Sat, 30 Jun 2018 04:38:27 GMT

AndroGel partner AbbVie owe $488M in antitrust case

A US judge on Friday discovered that AbbVie Inc, which is pharmaceutical company, put in use illegal ways to prevent testosterone replacement drug called AndroGel from reaching market.

Sat, 30 Jun 2018 04:27:13 GMT

China manufacturing growth slows as trade tensions increase

Growth in China's production sector slowed down in June due to a better-than-expected performance shown in the previous month, as raising trade tensions help to fuel concerns.

Fri, 29 Jun 2018 20:07:36 GMT

Treasury Department announces streamlined tax form

The United States Treasury Department announced on Friday that Americans would be able to file a tax return on a new postcard-size Form 1040, fulfilling President's Donald Trump pledge.

Fri, 29 Jun 2018 20:02:33 GMT

Smallcaps stocks show signs of turbulence

Following a strong surge, that saw the Russell 2000 set a record in three consecutive sessions in June, smallcap stocks could be flashing signs of snapping down.

Fri, 29 Jun 2018 19:12:00 GMT

Wells Fargo hits with a lawsuit targeting hidden fees

A lawsuit has been filed against Wells Fargo & Co by a Texas jewellery company blaming it for encouraging retailers nationwide to charge customers hidden fee.

Fri, 29 Jun 2018 18:19:24 GMT

US Core Personal Consumer expenditures reaches two percent

For the first time in six years, the United States consumer prices increased by two percent in the year to May.

Fri, 29 Jun 2018 18:17:39 GMT

Secretary Mnuchin denies a report that president Trump wants to leave WTO

The United States Treasury Secretary Steve Mnuchin slammed a report that stated President Donald Trump wants to take the US out of the World Trade Organization.

Fri, 29 Jun 2018 17:21:13 GMT

President Trump plans to nominate Supreme Court Justice by July 10

White House official stated on Friday that President Donald Trump is planning to name a new Supreme Court Justice to replace retired Justice Anthony Kennedy earlier than July 10.

Fri, 29 Jun 2018 17:16:04 GMT

Canada hits back at the United States over aluminium and steel tariffs

Canadian Foreign Minister Chrystia Freeland said on Friday that tariffs worth of 12.63 billion US Dollar has been slapped on US goods and would come into effect on July 1.

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