News

Sat, 12 May 2018 10:09:57 GMT

Two US fighter jets intercept Russian bombers near Alaska

On Friday, two US F-22 fighter jets visually identified and intercepted two Russian TU-95 bombers in Air Defense Identification Zone, 200 miles off the west coast of Alaska.

Sat, 12 May 2018 09:35:09 GMT

Louis Dreyfus finalises $466M metals unit sale

On Friday, Louis Dreyfus Company completed its $466M sale of the metals business unit to China's investment fund, in its efforts to revive the company's profits by focusing on the core agriculture market.

Sat, 12 May 2018 09:14:03 GMT

Convergys discusses sale with potential buyers, shares rise

Convergys Corp, the call-centre operator, is in negotiations with multiple potential buyers, while its shares closed up 12.6% at $25.30 yesterday, bringing the company's market value to around $2.3B.

Sat, 12 May 2018 08:36:57 GMT

PSA's Opel halts staff buyouts amid wave of departures

Germany's automaker Opel had to suspend voluntary redundancies after its staff representatives had warned that a wave of layoffs, caused by the PSA Group's acquisition, could leave the company short of skilled employees.

Sat, 12 May 2018 08:32:04 GMT

Vivendi assures Italy's regulator of not controlling TIM

Vivendi, France's media group, assured Italy's market regulator Consob it is not controlling Telecom Italia, following a loss of the majority seats in the phone group's board due to May 4 shareholders' vote.

Sat, 12 May 2018 07:37:08 GMT

VMware CFO seen to turn down Uber's Finance Chief offer

Zane Rowe, the WMware's CFO stated he would refuse an offer to become Uber's Finance Chief, the Wall Street Journal reported on Friday.

Sat, 12 May 2018 07:32:35 GMT

Tesla's Field taking break, but not leaving company

Doug Field, Tesla's top Vice President of Engineering announced he would take a break from his work, but was not planning to leave the carmaker, Tesla's spokesman reported on Saturday.

Sat, 12 May 2018 06:37:11 GMT

Walmart aims to take India's Flipkart to public in four years

On Saturday, Walmart stated in a filing with US regulator that it was seeking to launch an initial public offering for India's Flipkart in as soon as four years.

Sat, 12 May 2018 06:33:43 GMT

China Three Gorges makes bid for Portugal's EDP worth $10.8B

On Friday, China Three Gorges launched a bid to acquire the Portuguese power firm EDP, bringing the total value of an offer to $10.83B, not including a 23% stake owned by China's CTG.

Sat, 12 May 2018 05:39:13 GMT

Ford to reopen truck plans in US

Ford Motor could proceed production of its F-150 pickups next Friday in Kansas City and Dearborn after it faced parts shortages due to a supplier fire, sources familiar with the matter stated.

Sat, 12 May 2018 05:35:17 GMT

China plans custody account to trim risks

China was considering the implementation of custody account for funds of the country's payment platforms, aiming to diminish financial risks in the rapidly-growing sector.

Sat, 12 May 2018 04:39:10 GMT

ZTE pays nearly $2.3B to US exporters in 2017

China's tech firm ZTE, which suspended its operations after the ban of the US Commerce Department on supplies to the business, paid nearly $2.3B to 211 US exporters last year, the company's senior official stated.

Sat, 12 May 2018 04:34:09 GMT

No trade war between US, Germany

The new ambassador of US to Germany stated that Washington's planned tariffs imposition on Europe's goods is unlikely to cause a trade war, adding that the country's president only targeted "a level playing field".

Fri, 11 May 2018 20:34:36 GMT

Singapore PM invites Trump to visit Singapore in November

The Singapore's Prime Minister Lee Hsien Loong invited the US President Donald Trump to make a state visit to Singapore in November, a statement from Singapore's Ministry of Foreign Affairs shows.

Fri, 11 May 2018 20:33:54 GMT

Israel asks Syria to expel Iranian forces

The Israeli Defence Minister Avigdor Lieberman on Friday asked the Syrian President Bashar al-Assad to expel Iranian forces from Syria, several days after Israel attacked Iranian bases in the country.

Fri, 11 May 2018 18:59:00 GMT

Juncker wants EU to adopt majority principle in foreign policy decision-making

The EU should abandon the current unanimity principle in favour of a more efficient voting system based on majority, the EU Commission President Jean-Claude Juncker says.

Fri, 11 May 2018 18:58:21 GMT

NATO chief to visit US to discuss summit

The North Atlantic Treaty Organization Secretary-General Jens Stoltenberg will meet with the US President Donald Trump on Thursday to discuss the upcoming NATO summit in July, the White House says.

Fri, 11 May 2018 17:51:57 GMT

Turkey promises proper response should Armenia stop border hostility

Turkey will respond properly should Armenia give up "hostile attitude" at the border between two nations, the Turkish Prime Minister Binali Yildirim says.

Fri, 11 May 2018 17:51:01 GMT

Colombian president meets Hungarian leaders

The Colombian President Juan Manuel Santos on Friday met with the Hungarian President Janos Ader and the Prime Minister Viktor Orban during his visit to Hungary.

Fri, 11 May 2018 17:32:07 GMT

Kremlin: Putin to discuss Iran nuclear deal with Merkel, Macron, IAEA head

The Russian President Vladimir Putin plans to discuss the consequences of the US withdrawal from the Iran nuclear agreement with the leaders of Germany and France, as well as with the head of the International Atomic Energy Agency.

Fri, 11 May 2018 17:31:23 GMT

Poland discusses cooperation with China

Poland discussed economic and trade relations with China during the 5th International Asian Congress held in Torun, northern Poland.

Fri, 11 May 2018 15:52:26 GMT

Abu Dhabi's Mubadala struggles to sell its Swiss unit

Mubadala, Abu Dhabi's state investor, is attempting to sell the Swiss private bank, as potential bidders are not wiling to pay up for the struggling firm that had been investigated into the alleged financial misconduct.

Fri, 11 May 2018 15:52:15 GMT

China's Coolpad Group sues Xiaomi for patent infringement

China's smartphone producer Coolpad Group stated that its unit had filed a suit against thee Xiaomi's group firms over the alleged patent infringement.

Fri, 11 May 2018 15:06:07 GMT

Sears shares jump on deal with Amazon

On Wednesday, shares in Sears surged 16%, following the company's announcement about its tie-up with Amazon.com, as its CEO Edward Lampert seeks to revive the troubled retailer's profitability.

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