News

Mon, 23 Apr 2018 19:27:43 GMT

UAE to finance $50.4M project to renew Grand al-Nuri Mosque

The United Arab Emirates are set to fund $50.4M project of rebuilding Grand al-Nuri Mosque, which demolished by militants of Islamic State last year.

Mon, 23 Apr 2018 19:26:49 GMT

Infosys to revive focus on digital services

Infosys, the one of the largest India's IT companies, planned to pay attention on digital services, seeking to boost growth due to falling profit margins in legacy business and higher competition.

Mon, 23 Apr 2018 18:15:16 GMT

Merkel welcomes new trade agreement between Mexico and EU

German Chancellor Angela Merkel welcomed the new trade agreement between the EU and Mexico and underlined the importance of free trade ahead of meeting with the US President Donald Trump. 

Mon, 23 Apr 2018 18:08:17 GMT

Hundreds of Indonesians protest against ridesharing startups

On Monday, hundreds of Indonesian drivers working for ridesharing startups Go-Jek and Grab protested against low online fares and called for stricter regulation of ridesharing companies. 

Mon, 23 Apr 2018 17:19:22 GMT

US government extends Rusal sanctions deadline

The US government claimed that it will give more time to the US customers of Russian aluminium giant Rusal to comply with sanctions, which has resulted in growth of Rusal shares on the Moscow exchange. 

Mon, 23 Apr 2018 17:13:30 GMT

Russia: NATO enlargement to Balkans threatens security

On Monday, Russian parliamentarian Valentina Matvienko claimed that NATO enlargement to the Balkans threatens security and stability in the region and criticised Montenegro's decision to join the alliance. 

Mon, 23 Apr 2018 16:04:25 GMT

ECB could provide liquidity to falling banks

On Monday, the ECB head Benoit Coeure stated that the ECB could provide liquidity to failing banks in case the banks had enough securities and were not set for liquidation.

Mon, 23 Apr 2018 15:56:07 GMT

Trump claims may tie Mexican border control to NAFTA

The US President Donald Trump claimed that Mexican immigration control could be one of the conditions of a new NAFTA treaty, adding that the US border must be protected from illegal immigrants.

Mon, 23 Apr 2018 15:21:19 GMT

Macron meets Trump to discuss trade and Iran

On Monday, the President of France Emmanuel Macron arrived to Washington D.C. to meet with the US President Donald Trump to discuss trade issues and the Iran nuclear problem.

Mon, 23 Apr 2018 15:11:38 GMT

Armenian PM Sarksyan resigns

On Monday, the Prime Minister of Armenia Serzh Sarksyan claimed that he was resigning from his post after two weeks of street protests in Armenia, which had led to political crisis in the state.

Mon, 23 Apr 2018 14:34:09 GMT

Humana ties-up with PE firms to acquire Curo Health Services

Humana has tied-up with two private equity companies to acquire the privately held hospice operator Curo Health Services in a deal valued at about $1.4B.

Mon, 23 Apr 2018 14:31:13 GMT

Sears CEO: retailer to sell real estate, business units

Eddie Lampert, the Sears CEO stated on Monday that the Illinois-based retailer should sell its real estate and business units, including Kenmore appliances brand, sending the firm's shares up 5.5% to $3.17 on the news.

Mon, 23 Apr 2018 13:32:12 GMT

Netflix plans to attract $1.5B in debt amid expansion

On Monday, Netflix announced it was planning to raise $1.5B in debt, as it seeks to ramp up its expansion in the original content and boost subscription growth across the world.

Mon, 23 Apr 2018 13:27:10 GMT

GSMA delays new technology launch due to US probe

GSMA, the telecom standards organisation, has put its new cell phone technology implementation on hold in the wake of the US government's inquiry into the inquiry involving the group, Verizon and AT&T.

Mon, 23 Apr 2018 11:55:07 GMT

Volvo Trucks to share EV battery technology across brands

Volvo Trucks is eager to share its electric truck battery technology across the brands, as it seeks to offset production and development costs for the expensive component, the company said on Monday.

Mon, 23 Apr 2018 11:54:17 GMT

Fresenius shares jump after it pulls out Akorn takeover

Shares of the German health group Fresenius surged as much as 3.9% on Monday, after it ditched the $4.75B takeover of US generic drug maker Akorn.

Mon, 23 Apr 2018 11:10:52 GMT

Smyths Toys clinches deal to acquire Toys ‘R' Us in Europe

Ireland's Smyths Toys clinched a deal to buy four online stores and 93 stores of Toys ‘R' Us in Switzerland, Germany and Austria, after the US insolvent retailer had abandoned its plan to withdraw from bankruptcy.

Mon, 23 Apr 2018 11:00:56 GMT

Canadian firm Stars Group to buy UK company Sky Bet

Canada's gaming firm The Stars Group is planning acquisition of the British-based gambling company Sky Betting and Gaming form its owners Sky and CVC Capital Partners in a deal valued at $4.7B.

Mon, 23 Apr 2018 10:11:49 GMT

Oil prices decline on Monday

On Monday morning the prices of crude oil declined. Various media outlets quoted various reasons. However, Dukascopy analysts saw the decline as a normal retracement.

Mon, 23 Apr 2018 10:11:08 GMT

Sohn Investment Conference begins on Monday

One of the most popular financial events of the year Sohn Investment Conference is set to begin on Monday in New York.

Mon, 23 Apr 2018 09:33:15 GMT

Subsea 7 seeks acquiring peer McDermott for $2B

The offshore oil services company Subsea 7 offered to acquire the US peer McDermott for around $2B, it stated on Monday.

Mon, 23 Apr 2018 08:51:14 GMT

Fresenius rejects Akorn takeover amid data integrity

Germany's health group Fresenius made a decision to pull out the planned takeover of Akorn, following data integrity breaches findings at the US generic drug maker.

Mon, 23 Apr 2018 08:36:32 GMT

Germany urges for new trade deal between EU and US

The German engineering trade body called on Monday to renew attempts of establishing free trade agreement between the European Union and the United States amid aluminium and steel tariffs.

Mon, 23 Apr 2018 08:34:11 GMT

Air France KLM's shares drop amid wage strikes

On Monday, shares of Air France KLM tumbled 1.4% in early trading due to flights disruption caused by airlines' workers protesting over pay.

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