News

Wed, 25 Apr 2018 10:25:42 GMT

Oil heads for 75$ price tag

On Wednesday oil prices increased, as the commodity price had already reached a three year high level during the previous trading session.

Wed, 25 Apr 2018 09:36:53 GMT

Sinclair Broadcast plans TV stations selling amid Tribune takeover

Sinclair Broadcast stated on Tuesday it would sell its 23 TV stations to several firms after completing the $3.9B acquisition of Tribune Media.

Wed, 25 Apr 2018 09:34:32 GMT

Armenia's President launched talks to resolve political crisis

On Wednesday, the President of Armenia Armen Sarkissian announced he would launch talks with the government forces in his attempt to resolve the country's political crisis.

Wed, 25 Apr 2018 08:34:27 GMT

Carrefour clinches purchasing deal with local peer Systeme-U

Carrefour agreed to sign a purchasing deal with the domestic company Systeme-U to help France's agriculture producers, the EU biggest supermarket retailer stated on Wednesday.

Wed, 25 Apr 2018 08:32:05 GMT

Geely ties-up with Aisin Seiki over automatic transmission production

Geely Automobile Holdings is eager to tie-up with Aisin Seiki, Japan's automobile transmissions maker, as the companies plan to produce front-wheel drive 6-speed auto transmissions in China, as well as other related components.

Wed, 25 Apr 2018 07:02:13 GMT

SSE introduces regulation governing tri-party repos

The Shanghai Stock Exchange (SSE) introduced on Wednesday new interim rules regulating the use of bonds as collateral in three party repurchase agreements.

Wed, 25 Apr 2018 07:01:57 GMT

Costa Coffee to separate from Whitbread

The CEO of Whitbread Alison Brittain noted on Wednesday that the progress the company is making is satisfying enough to allow both Costa Coffee and Premier Inn to start operating as independent businesses.

Wed, 25 Apr 2018 06:38:28 GMT

Shire likely to recommend Takeda's $64B bid to shareholders

On Tuesday, the drug maker Shire stated it was eager to recommend the last Takeda Pharmaceutical's bid worth $64B to shareholders, raising chances to clinch the biggest takeover of a drug firm this year.

Wed, 25 Apr 2018 06:35:08 GMT

BMW still aims to partner with China's Brilliance

BMW's CEO stated on Wednesday that the company was still seeking for a partnership with the local automaker Brilliance China Automotive and was ready to discuss the potential venture's ownership levels.

Wed, 25 Apr 2018 04:42:34 GMT

Kobe remains under investigation

Kobe Steel limited announced on Wednesday that the company remains under investigation by authorities of Japan.

Wed, 25 Apr 2018 04:42:23 GMT

Daimler CEO denies hostile takeover

The CEO of Daimler AG on Wednesday revealed that the firm's largest shareholder Li Shufu is not showing signs that he would be intending to do a takeover of the firm.

Wed, 25 Apr 2018 04:21:18 GMT

Mexico ratifies Asia-Pacific trade agreement

On Tuesday the Senate of Mexico approved the new Asia-Pacific trade agreement. Mexico is the first of 11 signatories to do so.

Wed, 25 Apr 2018 04:20:40 GMT

China creates new tri-party repo rules

The Chinese authorities on Wednesday announced additional temporary regulation for bond repurchase agreements.

Wed, 25 Apr 2018 03:40:57 GMT

Coke warns about pain form sugar tax in UK, US freight costs

Coca-Cola stated that it would received a hit in the Q2 form the UK sugar tax introduction and higher freight costs in the US.

Wed, 25 Apr 2018 03:40:13 GMT

Saudis targets $11B of non-oil revenues by 2020

Saudi Arabia announced an intention to generate from $9B to $11B in non-oil revenue from the company's privatisation program and create 12K jobs by 2020.

Wed, 25 Apr 2018 02:32:57 GMT

G7 tells tech companies to strengthen efforts to cease extremism

The G7 leading industrialised countries told social media and tech companies to boost efforts to confront the spread of extremism, Canada's official stated.

Wed, 25 Apr 2018 02:32:08 GMT

South Korea, GM consider raising investment plan from $2.8B

South Korea and General Motors were negotiating an increase of the size of investment in the US automaker's unit from an earlier proposed $2.8B.

Tue, 24 Apr 2018 20:16:29 GMT

Toys 'R' Us creates $156M fund for claims

Toys 'R' Us is likely to set aside nearly $156M to pay vendors for merchandise and toys shipped after the retailer's bankruptcy filing in the last year's September.

Tue, 24 Apr 2018 20:15:28 GMT

WhatsApp lifts minimum age to 16 in Europe ahead of change in data law

The popular messaging application WhatsApp raised the minimum age to 16 from 13 in Europe, aiming to comply with data privacy regulations taking effect next month.

Tue, 24 Apr 2018 19:09:21 GMT

Germany's government lowers GDP expectations to 2.3% in 2018

The government of Germany lowered its economic growth projection for the current year to 2.3% from 2.4%, a source familiar with the matter stated.

Tue, 24 Apr 2018 19:08:37 GMT

US housing data, consumer confidence point out economy's strength

The US new home sales rose more than anticipated in March and consumer confidence strengthened in April, highlighting the country's economic strength.

Tue, 24 Apr 2018 18:28:34 GMT

Trump: new NAFTA deal to be completed quickly

The US President Donald Trump stated that a new NAFTA agreement is likely to be reached quickly. as ministers of three countries ready to meet later to work out differences and get a deal.

Tue, 24 Apr 2018 18:27:09 GMT

Audi recalls 1.15M vehicles on coolant pump issue

Volkswagen's luxury unit Audi stated that it recalled 1.16M vehicles over the world due to concerns over a coolant pump with a risk of fire.

Tue, 24 Apr 2018 16:56:54 GMT

MIP, Mubadala to sell 50% stake in Abu Dhabi Terminals

Abu Dhabi Ports is buying a combined 50% stake in Abu Dhabi Terminals from Mubadala Infrastructure Partners and Mubadala Investment for an amount that has not been disclosed, the two companies announced on Tuesday.

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