News

Thu, 26 Apr 2018 18:21:57 GMT

Ex-HSBC executive sentenced to 2 years over currency exchange fraud

On Thursday, a former head of HSBC's foreign exchange trading desk Mark Johnson was sentenced to two years for defrauding Cairn Energy Plc in $3.5B currency trade.

Thu, 26 Apr 2018 17:15:42 GMT

France and Germany sign agreement on weapons developments

On Thursday, French and German officials signed the documents that suggest the joint development of the new weapon systems, including a fighter jet and maritime airborne warfare aircraft.

Thu, 26 Apr 2018 17:02:11 GMT

Tesla VP of autopilot joins Intel

On Thursday, Tesla Inc's spokesman said that Vice President of low-voltage hardware and autopilot Jim Keller is leaving the company to join Intel Corp to lead silicon engineering.

Thu, 26 Apr 2018 16:25:16 GMT

New York Times appoints new CFO

On Thursday, The New York Times appointed company's veteran Roland Caputo as the next Chief Financial Officer, succeeding James Follo who announced his retirement in May. 

Thu, 26 Apr 2018 16:18:51 GMT

Trump to visit UK in July

On Thursday, the spokesman of the White House Sarah Sanders claimed that the US President Donald Trump is planning to visit the UK on July 13 after the first planned trip was canceled in January.

Thu, 26 Apr 2018 14:56:40 GMT

ConocoPhillips beats profit estimates in Q1Y2018

The oil producer ConocoPhillips reported on Thursday a better-than-expected profit of $888M during the first quarter of 2018, boosted by reduced costs and rising crude prices.

Thu, 26 Apr 2018 14:56:23 GMT

ECB's Constancio: banks healthy, but further reduction of NPLs still necessary

The ECB Vice President Vitor Constancio said European banks had managed to reduce the amount of non-performing loans, but further progress was still necessary.

Thu, 26 Apr 2018 14:32:13 GMT

Berkshire Hathaway, Richline tie-up with IBM over blockchain tech

The diamond and gold firms, including Richline Group and Berkshire Hathaway, teamed up with IBM, as their seek to develop blockchain platform to track the jewellery origin and determine whether it is ethically sourced.

Thu, 26 Apr 2018 14:21:46 GMT

US initial jobless claims drop 24K last week

The number of applications for US unemployment benefits tumbled 24K to 209K in the week ending April 21, following the prior month's 233K reading, while analysts anticipated a slide to 230K.

Thu, 26 Apr 2018 13:39:02 GMT

Brazil's shoemaker Dass likely to cancel IPO amid weak demand

Brazil's shoemaker Dass Nordeste Calçados e Artigos Esportivos is likely to cancel its planned initial public offering due to weak demand, according to sources familiar with the issue.

Thu, 26 Apr 2018 13:36:21 GMT

Italy prolongs deadline for Alitalia's sale to late October

On Thursday, the Italian government has extended the deadline for the struggling carrier Alitalia's sale to the late October, the Industry Minister Carlo Calenda reported.

Thu, 26 Apr 2018 12:28:26 GMT

Slovak leader grudgingly names new Interior Minister

On Thursday, Slovakia's President Andrej Kiska has reluctantly appointed Denisa Saková as a new Interior Minister, triggering new public protests linked to the investigative journalist Jan Kuciak's murder.

Thu, 26 Apr 2018 12:19:49 GMT

Italian divided PD to discuss 5-Star negotiations on May 3

The Italian divided centre-left Democratic Party is set to meet next week, on May 3, to negotiate whether the talks with the 5-Star Movement's anti-establishment over coalition would take place.

Thu, 26 Apr 2018 11:32:30 GMT

GM comes closer to South Korea unit's resolution

On Thursday, General Motors' President stated the carmaker was nearing the resolution to fix its South Korea's unit, as the union had accepted the wage deal.

Thu, 26 Apr 2018 11:26:32 GMT

Germany views US trade tariffs to take effect on May 1

Germany is expecting the US tariffs on aluminium and steel imports to come into force starting from May 1, after the temporary exemption expires.

Thu, 26 Apr 2018 10:08:11 GMT

Deutsche Bank decreases investment

The new CEO of Deutsche Bank announced that the bank will decrease asset trading. The news were announced after a massive drop of the bank's profits.

Thu, 26 Apr 2018 10:06:36 GMT

EU will regulate tech giants

The European Union authorities have announced that Amazon, Apple and Google are set to face government regulation of their business practices.

Thu, 26 Apr 2018 09:39:18 GMT

Iran's Khamenei calls on Muslim nations to stand against US

On Thursday, the local television reported the Iranian Supreme Leader Ayatollah Aly Khamenei urged the Muslims nations to unite and stand against the United States, citing the potential bullying from the country.

Thu, 26 Apr 2018 09:36:50 GMT

Avast aims to be valued at $4.5B in IPO

The cyber security company Avast is seeking up to a $4.5B valuation in the firm's initial public offering, which would be the largest London listing since the last year's July.

Thu, 26 Apr 2018 08:36:59 GMT

Springer Nature plans to offer shares worth $1.95B in IPO

On Wednesday, Springer Nature announced it was planning to offer its shares worth about $1.95B in the upcoming initial public offering.

Thu, 26 Apr 2018 08:33:22 GMT

Nissan CEO dismisses idea of merging with Renault

Nissan Motor's Chief Executive rejected the idea to merge Japan's carmaker with its partner Renault, insisting it is important for companies to stay independent.

Thu, 26 Apr 2018 07:34:13 GMT

LG Elec, LG Corp acquire Austria's car light producer ZKW

The South Korean companies, LG Electronics and LG Corp, agreed to acquire a combined 100% stake in the Austrian auto light maker ZKW in a deal worth $1.3B.

Thu, 26 Apr 2018 07:32:18 GMT

Welltower to purchase Quality Care Prop for nearly $2B

The real estate trust focused on healthcare, Welltower, is set to purchase Quality Care Properties for around $1.95B in cash, the firms announced late on Wednesday.

Thu, 26 Apr 2018 06:21:29 GMT

Italian Cabinet to meet over Alitalia sale, bridge loan delay

On Thursday, the Italy Cabinet is set to gather the meeting to officially delay its local carrier Alitalia's sale and a bridge loan repayment, official sources reported.

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