News

Thu, 26 Apr 2018 06:18:14 GMT

MBDA, Lockheed seek finalising missile defence pact with Germany

The EU's MBDA and the US arm producer Lockheed Martin hope to complete a deal with Germany's government by this year-end for a new missile and air defence system that costs billions of euros.

Thu, 26 Apr 2018 03:22:41 GMT

BoK official: economic cooperation with NK to enhance sentiment

The Bank of Korea's official stated that resuming any cooperation with North Korea could enhance consumer sentiment in the country.

Thu, 26 Apr 2018 03:21:56 GMT

AT&T profit below forecasts as pay-TV business weakens

AT&T reported lower-than-anticipated quarterly profit, as the second-largest US wireless carrier was deprived of some subscribers of its pay-TV, sending the company's shares more than 3% after the end of trading.

Thu, 26 Apr 2018 02:33:13 GMT

Ford expands cost-cutting plan

Ford Motor outlined a plan to diminish costs and increase profit margin at a stronger pace than previously anticipated, including dropping down sedan models in North America.

Thu, 26 Apr 2018 02:27:24 GMT

PayPal profit beats estimates in Q1

PayPal Holdings reported that its profit in the Q1 managed to beat Wall Street forecasts, as the company benefited from bigger volume of mobile payments and solid merchant services business.

Wed, 25 Apr 2018 20:09:28 GMT

AXA receives $3.2B following restructuring deals completion

France's AXA stated on Wednesday it had received $3.2B after the internal, restructuring deals completion, such as loans repayment, ahead of its US unit's planned IPO.

Wed, 25 Apr 2018 19:57:49 GMT

VW reaches settlement with Maryland in diesel emissions row

On Wednesday, Volkswagen reached a settlement worth $33.5M with Maryland over the allegations related to the German carmaker's excess emissions.

Wed, 25 Apr 2018 19:24:02 GMT

Comcast submits $31B offer for Sky on Wednesday

On Wednesday, the US media group Comcast has confirmed its $30.7B bid for the UK pay-TV broadcaster Sky; a move that intervened in Rupert Murdoch's plans to gain full control of the British company.

Wed, 25 Apr 2018 19:10:41 GMT

Bombardier, Airbus seek to sign CSeries deal by end of May

Bombardier and Airbus are hoping to clinch their deal, where the EU planemaker is set to receive a majority stake in Bombardier's CSeries jetliner programme by the late May as scheduled.

Wed, 25 Apr 2018 18:20:54 GMT

Safran CEO expresses his concern regarding Airbus production increase

On Wednesday, CEO of French jet engine maker Safran Philippe Petitcolin said that at present time a company could not commit to the increased volume of engines supply for Airbus.

Wed, 25 Apr 2018 18:08:49 GMT

US investigates Huawei for violating Iran sanctions

New York federal prosecutors are investigating Chinese telecom giant Huawei whether the company has violated US export and sanctions laws by shipping US-originated products to Iran. 

Wed, 25 Apr 2018 17:19:21 GMT

NASDAQ to offer cryptocurrency exchange in future

On Wednesday, NASDAQ Chief Executive Adena Friedman claimed that the exchange operator is open to offering a cryptocurrency exchange in the future after the introduction of regulatory norms.

Wed, 25 Apr 2018 17:13:35 GMT

Chevron evacuates its executives from Venezuela

The energy corporation Chevron has evacuated its executives from Venezuela office after two company's workers were imprisoned over the legal dispute with the state-owned energy company PDVSA.

Wed, 25 Apr 2018 16:26:31 GMT

America Movil CEO: company is still interested in Mexico

On Wednesday, CEO of broadcasting corporation America Movil Daniel Hajj stated that a company is still interested in obtaining a license to offer television in Mexico despite the regulatory issues. 

Wed, 25 Apr 2018 16:22:09 GMT

General Electric shareholders and voters protest on poor performance

On Wednesday, shareholders and employees of General Electric Co voiced frustration regarding the poor performance of the company during the first meeting with a new CEO John Flannery.

Wed, 25 Apr 2018 15:26:41 GMT

Qatar Airways reports significant profit loss

Chief Executive of Qatar Airways Akbar al-Baker reported about a substantial loss in yearly profit after a company was banned from flying to the United Arab Emirates, Saudi Arabia, Egypt and Bahrain.

Wed, 25 Apr 2018 15:15:49 GMT

Apple CEO Tim Cook to meet Donald Trump to discuss trade

On Wednesday, the US President Donald Trump is going to meet with Apple Inc Chief Executive Tim Cook in the Oval Office to discuss recently imposed tariffs on Chinese goods.

Wed, 25 Apr 2018 14:33:48 GMT

Uber services get ban in Austria's Vienna

Austria's Commercial Court issued a temporary order to halt the ride-hailing service Uber's operations in Vienna, according to the report on Wednesday.

Wed, 25 Apr 2018 14:29:47 GMT

Kremlin asks whether new Iran nuclear pact is possible

Russia explores the possibility to resume the earlier work to sign a new Iranian nuclear agreement, in Kremlin's comment on the US President Donald Trump's position over the deal.

Wed, 25 Apr 2018 13:34:28 GMT

Russia plans to deliver new air defence systems to Syria

Russia is planning to provide Syria with new air defence systems in the near future, the Russian Defence Ministry stated on Wednesday.

Wed, 25 Apr 2018 13:32:18 GMT

Leonard Green to acquire SRS for more than $3B

The buyout company Leonard Green & Partners agreed to buy the US building products firm SRS Distribution for over $3B including debt.

Wed, 25 Apr 2018 12:29:54 GMT

Learning Tech acquires US talent management firm for $150M

British firm Learning Technologies is set to acquire the privately-held talent management company PeopleFluent Holdings in a deal valued at $150M, as it aims to expand in the United States.

Wed, 25 Apr 2018 12:24:13 GMT

UK government approves Melrose acquisition of GKN

Britain's government gave Melrose's takeover of the engineering firm GKN the green light, saying it did not find any national security grounds to halt the deal.

Wed, 25 Apr 2018 11:12:17 GMT

BMW expects growth pace of China sales to halve in 2018

BMW's CEO reported on Wednesday, the German carmaker expected the growth pace of its Chinese sales to be reduced almost by half this year, on the back of a broaden downturn in the world's biggest car market.

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