News

Wed, 18 Apr 2018 14:26:53 GMT

Starwood launches bid for Immofinanz, CA Immo's minority stakes

The US property investment company Starwood Capital has launched an offer for the Austrian property firms' minority stakes, CA Immo and Immofinanz, seeking for exposure to the EU markets.

Wed, 18 Apr 2018 13:35:04 GMT

Oil firm Total to buy majority stake in France's Direct Energie

The oil company Total is planning to acquire a majority stake in Direct Energie, French electricity retailer, for $1.73B, the company announced on Wednesday.

Wed, 18 Apr 2018 13:30:59 GMT

Lagardere considers selling Elle to Czech Media

Lagardere is in talks to sell its French magazines to Czech Media Invest, including its popular "Elle" magazine, as well as Version Femina, France Dimanche, Art & Decoration and Ici Paris.

Wed, 18 Apr 2018 12:06:45 GMT

Russian Foreign Minister plans talks with UN Syria envoy

Russia's Foreign Minister Sergei Lavrov is set to hold a discussion with the United Nation's Syrian peace envoy this Friday, according to the RIA news outlet's report.

Wed, 18 Apr 2018 12:04:07 GMT

UK regulator launches seven inquiries into Russian RT news channel

British regulator launched seven inquiries into Russia's news channel RT over allegations it had broken impartially rules in its broadcasts since the Salisbury attack on the ex-Russian spy last month.

Wed, 18 Apr 2018 11:35:11 GMT

DirecTV asks Federal Court to drop it from antitrust lawsuit

On Tuesday, the AT&T subsidiary DirecTV asked the Federal Court to be dropped from the antitrust lawsuit, which the US government had filed to halt AT&T intentions to acquire the TV production firm Time Warner.

Wed, 18 Apr 2018 11:29:56 GMT

JD.com seeks to attract more EU luxury brands

China's e-commerce firm JD.com made a push on Wednesday to lure more EU luxury brands to the site, vowing it is able to offer better protection against forgeries and faster delivery than its rival Alibaba Group.

Wed, 18 Apr 2018 10:17:37 GMT

Germany prosecutes Porsche employees

The prosecutor's office of Germany is investigating former and current employees of Porsche. Among them is also a board member.

Wed, 18 Apr 2018 10:16:58 GMT

Japanese casino bill will reach Parliament next week

The ruling party of Japan announced that plans to create a large scale casino resort will be submitted to the Parliament of Japan next Friday.

Wed, 18 Apr 2018 09:33:56 GMT

Korean Air plans inspection of Boeing 737 fleet engines

Korean Air Lines is planning to inspect engines of the Boeing 737 entire fleet by November, the firm's official announced on Wednesday due to an engine issue that took place at the Southwest Airlines carrier.

Wed, 18 Apr 2018 09:28:26 GMT

Amazon introduces international shopping from US

Amazon.com launched a new international shopping feature that will allow its worldwide customers to shop over 45M items that could be shipped to any country from the United States.

Wed, 18 Apr 2018 08:29:55 GMT

IBM shares drop on Q1 profit margins results

Shares in IBM tumbled 6% on Tuesday due to the company's report on its first-quarter profit margins falling short of Wall Street forecasts.

Wed, 18 Apr 2018 08:28:00 GMT

Two Chevron executives arrested in Venezuela for wrongdoings

Venezuela arrested two Chevron executives in the Petropiar JV's office on Monday for the alleged graft and other wrongdoing in the oil sector, the company stated on Tuesday.

Wed, 18 Apr 2018 06:53:02 GMT

BlackRock to acquire investment manager Tennenbaum Capital

The world biggest asset manager BlackRock announced on Tuesday it would acquire the private credit investor Tennenbaum Capital Partners amid its expansion in the US investment market.

Wed, 18 Apr 2018 06:52:47 GMT

Toys 'R' Us rejects $890B bid for its stores

Toys 'R' Us, the bankrupt US retailer, rejected a bid worth $890M for its US stores and some of locations in Canada from the MGA Entertainment CEO, a source familiar with the issue reported.

Wed, 18 Apr 2018 06:34:38 GMT

Ford, Nissan, FCA car sales fall in March

According to the car industry association ACEA, the last month's sales in Nissan were down 16.3%, while Ford sales tumbled 14.6% and with Fiat Chrysler 8% lower.

Wed, 18 Apr 2018 06:28:31 GMT

Billionaire Icahn acquires stake in cloud computing service VMware

On Tuesday, CNBC reported that the billionaire activist investor Carl Icahn has bought a stake in the software provider VMware that is owned mostly by the computer maker Dell.

Wed, 18 Apr 2018 02:50:55 GMT

China new home prices grow in March

New home prices in China revealed firm growth pace in March, as demand from first-time buyers was supported by the government, despite curbs to reduce speculative demand.

Wed, 18 Apr 2018 02:47:27 GMT

Russia blocks Amazon, Google IP addresses to ban Telegram

The Russian state communications regulator stated that is blocked IP addresses of Amazon and Google, as they were used by Telegram messaging app, which was banned this week.

Wed, 18 Apr 2018 02:33:49 GMT

Tesla aims to build 6K Model 3 per week by summer

Tesla was aiming to increase production to 6K Model 3 cars per week by late June to reach its 5K weekly goal, Electrek reported, citing Musk's letter to employees.

Wed, 18 Apr 2018 02:31:50 GMT

Marketing budgets of UK firms rise by slowest since early 2016

Marketing budges of Britain's businesses grew at the weakest pace since early 2016 in the Q1, as challenging market conditions kept putting pressure on firms.

Tue, 17 Apr 2018 20:09:04 GMT

Cambridge Analytica about to issue virtual currency

Cambridge Analytica considered a plan of raising money by issuing a digital currency, just before it was embroiled in a scandal of Facebook personal data misuse.

Tue, 17 Apr 2018 20:07:30 GMT

Low UK jobless rate fails to spur pay growth

The UK workers' pay was still growing less than inflation, ignoring the lowest jobless rate since 1975, the report revealed on Tuesday.

Tue, 17 Apr 2018 19:36:12 GMT

US housing starts grow more than anticipated in March

Homebuilding in the US rose more than anticipated in March due to a rebound in multi-family housing construction, but some weakness in segment of single-family homes suggested units' shortage to persist.

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