News

Fri, 22 Jun 2018 18:54:33 GMT

Harley: EU duties to prompt price increase in autumn

Harley-Davidson anticipated to have to increase prices in Europe this autumn, amid new EU tariffs on goods from the US, the head of the company's European business stated.

Fri, 22 Jun 2018 18:28:52 GMT

OPEC agrees modest rise in oil output after Iran, Saudis compromise

OPEC agreed on a moderate rise in oil supply from next month, as Saudis persuaded Iran to cooperate, after major consumers called to help to diminish the crude price.

Fri, 22 Jun 2018 18:28:32 GMT

Canada's retail sales drop 1.2% in April

Statistics Canada revealed that the country's retail sales decreased 1.2% in the month of April, compared with a 0.8% rise in the prior month.

Fri, 22 Jun 2018 17:02:41 GMT

US business activity shrinks in June

Markit report showed that activity in the US private business sector weakened in June, with services PMI seen at 56.5 in June after 56.8 in May.

Fri, 22 Jun 2018 17:02:06 GMT

Canadian CPI grows 2.2% in May

Statistics Canada reported that the country's Consumer Price Index increased 2.2% year-on-year in May, following the similar gain in April.

Fri, 22 Jun 2018 16:10:42 GMT

EZ private sector expands in June

Markit reported on Friday that the Euro zone's services sector activity index came in at 55.0 in June from 53.8 in the previous month.

Fri, 22 Jun 2018 16:10:15 GMT

Mexico's economic growth weakens in April

The economy of Mexico shrank 0.6% in April from the prior month, as production declined across the sectors, the country's statistics agency stated.

Fri, 22 Jun 2018 14:51:41 GMT

Ibio stocks gain on IPO pricing news

The shares of the US plant-based biopharmaceutical company Ibio Inc gained momentum on Friday after disclosing its IPO pricing of $16M.

Fri, 22 Jun 2018 14:51:10 GMT

Report: construction market in Thailand to expand by 8% until 2022

According to a recent report, the construction industry in Thailand is set to grow at a pace of 8% during the following four years.

Fri, 22 Jun 2018 14:36:50 GMT

Insurer Allianz agrees JV to develop UK student housing

The insurer Allianz has agreed on Friday to join a venture with Canada's PSPIB and Greystar Real Estate Partners to develop the UK student housing.

Fri, 22 Jun 2018 14:33:10 GMT

Brazil antitrust watchdog grants approval for Walmart-Advent deal

On Friday, the buyout company Advent International has received an approval from the Brazilian antitrust regulator to acquire Walmart's Brazil operations.

Fri, 22 Jun 2018 13:39:43 GMT

Taiwan's TSMC to make investment into five nanometer node tech

Apple's supplier Taiwan Semiconductor Manufacturing Co announced on Thursday it was planning to make a $25B investment into the five nanometer node technology.

Fri, 22 Jun 2018 13:36:52 GMT

Amazon, JPMorgan, Berkshire appoint new healthcare venture CEO

Atul Gawande, the well-regarded author and surgeon, has been appointed as the Chief Executive of the healthcare venture formed by JPMorgan Chase, Berkshire Hathaway and Amazon.com to cut the US employee healthcare costs.

Fri, 22 Jun 2018 12:36:07 GMT

US Echostar builds nearly 3% stake in Inmarsat

Echostar, the US satellite operator, has built nearly 3% stake in Britain's Inmarsat, which it is intending to acquire, according to the stock exchange filing showed on Friday.

Fri, 22 Jun 2018 12:32:20 GMT

Steinhoff to sell Austria property assets to Signa for $570M

Steinhoff is set to sell its Austrian property assets to Signa Holdings in a deal valued at $570M, as the crisis-hit South African retailer is trying to recover after an accounting scandal.

Fri, 22 Jun 2018 11:36:45 GMT

Shares in online retailers drop after US rules on sales tax

Shares in the US online retailers plunged after the Supreme Court ruled the stated can force such firms as Amazon, Wayfair, eBay.

Fri, 22 Jun 2018 11:33:09 GMT

Norway's competition watchdog fines Telenor $96M over market position

On Thursday, Norway's Telenor has been fined $96.3M by the country's competition watchdog, as the telecoms provider deemed to abuse its dominant market position.

Fri, 22 Jun 2018 10:21:43 GMT

Venezuela says reaching oil production target will be ‘challenge'

The Venezuelan Oil Minister Manuel Quevedo told media on Friday that reaching the oil production target of 1M barrels a day by the end of 2018 would be "a challenge".

Fri, 22 Jun 2018 10:13:37 GMT

Airbus says no Brexit-deal threatens its future operations in UK

Airbus said on Friday that the United Kingdom's withdrawal from the European Union without an agreement would threaten its future operations in the country.

Fri, 22 Jun 2018 09:03:57 GMT

Siris Capital subsidiary to acquire Web.com for $2.0B

The private equity group Siris Capital's unit stated on Thursday it would acquire Web.com Group in a takeover deal worth $2.0B, sending its shares up 8% in the pre-market trading.

Fri, 22 Jun 2018 09:03:38 GMT

Paris halts Autolib EV sharing accord with Bollore

Paris authorities have terminated the Bollore group's agreement to operate the Autolib fleet of electric vehicles amid financial difficulties at the car-sharing scheme.

Fri, 22 Jun 2018 08:01:45 GMT

Piraeus Bank will sell bad loans

Largest Greek lender by assets Piraeus Bank is set to sell a 400M Euro pool of bad loans. The pool consists of nearly 220,000 non-performing loans.

Fri, 22 Jun 2018 08:00:29 GMT

European shares are set to book losing week

Although on Friday European stocks slightly surged, the European markets were set to book the worst week in three months.

Fri, 22 Jun 2018 07:28:54 GMT

Italian far right denies EU exit plans

A top lawmaker for the Italian far-right League party on Friday revealed that the political movement does not have an Italian EU exit on its agenda.

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