News

Mon, 11 Jun 2018 08:35:32 GMT

BlackRock discloses 5% stake in a2 Milk Company

On Monday, the world's biggest asset manager BlackRock has disclosed a 5% stake in New Zealand's dairy unit a2 Milk Company.

Mon, 11 Jun 2018 07:05:54 GMT

ScotiaMocatta loses two more staff members amid reshuffle

Two more employees resigned from the Scotiabank's metal unit ScotiaMocatta, following the senior management's exodus, on the back of the radical restructuring.

Mon, 11 Jun 2018 07:02:15 GMT

BoA to move more jobs to Paris than planned before Brexit

Bank of America is seeking to raise the number of jobs to move from London to its new office in Paris before the Brexit, than it had been planned initially, sources familiar with the plans reported.

Mon, 11 Jun 2018 05:56:15 GMT

Amazon to add over 2.5K jobs in Britain in 2018

Amazon.com is planning to create more than 2.5K permanent job positions in Britain this year, bringing its UK workforce to about 28K, the US retail giant said.

Mon, 11 Jun 2018 05:55:09 GMT

Australia's Tabcorp considers leaving underperforming Sun Bets

The Australian firm Tabcorp Holdings is in talks with News UK over leaving Sun Bets, the underperforming gaming and wagering joint venture.

Mon, 11 Jun 2018 05:22:37 GMT

Google likely to be hit by another antitrust fine from EU

Google is likely to face the second antitrust fine from the European Union in July over the Android case, as the tech giant has been using the dominant mobile operating system to drive out rivals.

Mon, 11 Jun 2018 05:20:34 GMT

British lawmakers loses confidence in TSB head amid IT crisis

The British lawmakers have lost confidence in the TSB CEO Paul Pester due to the IT crisis that hit the bank, following the board's full support before the tipping point.

Mon, 11 Jun 2018 04:11:29 GMT

French farmers launch refinery blockade on Sunday evening

French farmers have started a blockade late on Sunday of fuel depots and oil refineries due to Total's plans to use the palm oil imports at a biofuel factory, raising their discontent over the unfair competition.

Mon, 11 Jun 2018 04:09:50 GMT

Merkel: EU to act against US tariffs on aluminium, steel

Germany's Chancellor Angela Merkel stated on Sunday that Europe would impose counter-measures against the US tariffs on aluminium and steel, after Canada made the same move against the President Donald Trump's decision.

Mon, 11 Jun 2018 03:25:28 GMT

Foxconn probes labour conditions at Chinese factory of Amazon

Contract manufacturer Foxconn stated that it was investigating a factory in China making devices for Amazon.com, as the US watchdog reported harsh conditions for work at the plant.

Mon, 11 Jun 2018 03:23:25 GMT

Israel raises expansion estimate to 3.5% this year

The government of Israel raised the country's economic expansion estimate to 3.5% this year and 3.4% next year, citing strengthening exports, private spending and capacity growth at Intel's plant.

Mon, 11 Jun 2018 02:39:38 GMT

Japanese core machinery orders grow 10.1% in April

Japan's core machinery orders marked a 10.1% increase in April, surpassing market expectations for a 2.5% rise and following 3.9% drop in the previous month.

Mon, 11 Jun 2018 02:35:49 GMT

NZ manufacturing sales increase 0.6% in Q1

The volume of manufacturing sales in New Zealand grew 0.6% in the first quarter, following a downwardly revised 2.6% increase in the prior quarter, Statistics New Zealand stated.

Sun, 10 Jun 2018 20:27:12 GMT

Inmarsat drops EchoStar acquisition bid, as it undervalues firm

Inmarsat, the British satellite company, has rejected a takeover bid from the US satellite provider EchoStar, as the board considered it had undervalued the UK company.

Sun, 10 Jun 2018 20:22:42 GMT

Marine Systems' sale already discussed in past

Thyssenkrupp had been thinking over to sell its shipbuilding subsidiary Marine Systems in the past, the unit's management stated on Sunday.

Sun, 10 Jun 2018 19:34:12 GMT

KKR close to $5.5B acquisition deal with Envision

KKR & Co, the private equity group, is moving towards a deal to acquire Envision Healthcare, the US physician provider, for around $5.5B or $46 per share, sources familiar with the matter said on Sunday.

Sun, 10 Jun 2018 19:29:35 GMT

Apax considers bidding for BCA Marketplace

Apax Partners, the London-based private equity group, stated on Sunday it would likely to bid for the British vehicle auctioneers BCA Marketplace.

Sun, 10 Jun 2018 18:38:37 GMT

Australia establishes task force to protect elections from hacks

Australia's government has formed a security task force with intention to guard the elections against cyber attacks and other interference, it said on Sunday.

Sun, 10 Jun 2018 18:36:17 GMT

Retelit's shares down as government exercises "golden powers"

Shares in Italy's fiber-optic network firm Retelit fell 4.6%, as the government have been exercising the "golden powers" on a firm deemed of the strategic national importance.

Sun, 10 Jun 2018 16:49:42 GMT

Brexit campaigner Banks gives story on links with Russia

A British businessman Aaron Banks who bankrolled one major campaign for Brexit said on Sunday that his ties with Russia were deeper compared to what he had mentioned in past.

Sun, 10 Jun 2018 16:48:52 GMT

White House Navarro warns ZTE not to make mistake again

The Chinese technology corporation ZTE will have to close its business in the United States unless it does not get involved in one more wrong activity.

Sun, 10 Jun 2018 16:01:23 GMT

ECB and Fed to tighten policy alongside one another

Policy tightening is just one day away, the world's leading central banks hope to impose confidence in international economic growth, despite threats of a trade conflict.

Sun, 10 Jun 2018 16:00:49 GMT

Security offers look into strongly regimented North Korea for state media

During a safety lockdown outside and inside Singapore's five-star hotel before North Korean leader Kim Jong Un arrival on Sunday, just two media workers moved along the blockaded road.

Sun, 10 Jun 2018 15:33:26 GMT

White House adviser states Canadian PM betrayed Trump

The top White House economic adviser impeached Canada's PM of betraying President Donald Trump with his statements on the US trade policy, making the US leader to look weak.

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