News

Fri, 17 Nov 2017 18:20:30 GMT

UK to repay $527M debt to Iran

According to the Iranian Ambassador to Britain Hamid Baeedinejad, the UK is set to repay the debt of around $527M it owes to Tehran in the coming days.

Fri, 17 Nov 2017 18:19:11 GMT

Ifo raises forecast for Germany's GDP in 2017

On Friday, the Ifo Institute for Economic Research revised upwards its 2017 growth forecast for Europe's largest economy, expecting Germany's GDP to rise 2.3% over the course of the year.

Fri, 17 Nov 2017 17:05:59 GMT

Fox's shares jump 3% on Friday

Twenty-First Century Fox's shares surged 3% on Friday after some sources reported that Verizon Communications and Comcast showed interest in buying stake in the company.

Fri, 17 Nov 2017 17:03:25 GMT

US housing starts jump in October

US housing starts jumped to a 1.29M annualised rate in October, following the preceding month's 1.14M rate and exceeding expectations for a rise to a 1.25M rate.

Fri, 17 Nov 2017 16:24:37 GMT

US building permits surge last month

The Census Bureau reported that building permits rose to a 1.30M annualised rate in October, up from September's rate of 1.23M, whereas analysts anticipated an increase to a 1.25M rate.

Fri, 17 Nov 2017 16:22:24 GMT

Canadian consumer prices increase in line with forecasts

Statistics Canada reported on Friday that its CPI rose 0.1% in October, following the prior month's increase of 0.2% and meeting analysts' expectations.

Fri, 17 Nov 2017 15:34:28 GMT

Lebanese MEA annuls electronics ban on London's flights

The Lebanon carrier Middle East Airlines lifted a ban on carry-on electronic laptops and other devices on the Beirut-London flights, the airline reported on Friday.

Fri, 17 Nov 2017 15:26:07 GMT

Broadcom completes $5.5B Brocade acquisition

On Friday, Broadcom reported it had completed its $5.5B acquisition of the network gear manufacturer Brocade Communications Systems.

Fri, 17 Nov 2017 14:32:27 GMT

Spotify acquires online recording studio Soundtrap

The music streaming firm Spotify announced on Friday that it had acquired an online audio and music recording studio Soundtrap with providing no details on the price of a deal.

Fri, 17 Nov 2017 14:23:35 GMT

US probes 415K VW cars for airbag issues

The US NHTSA is willing to launch an inquiry into a potential failure of the 415K Volkswagen vehicles' airbags, following the its recall on the same problem in 2015.

Fri, 17 Nov 2017 13:30:10 GMT

J.B. Hunt seeks to buy Tesla's Semi trucks

The trucking firm J.B. Hunt Transport Services placed a reservation for Tesla's Semi trucks purchase, as the truck production is set to begin in 2019.

Fri, 17 Nov 2017 12:46:41 GMT

Hariri's visit to France seen to boost Lebanon stability

According to a top aide of Saad al-Hariri, the ex-Lebanon Prime Minister's visit to Paris for a meeting could boost the country's stability and resolve the crisis.

Fri, 17 Nov 2017 12:01:47 GMT

Japan urges Kobe Steel to improve factory management

The Japanese Transport Ministry ordered Kobe Steel on Friday to improve one of its plants' management, amid the steelmaker struggles to resume confidence in its production.

Fri, 17 Nov 2017 12:01:02 GMT

VW board in talks over $82.5B spending plan

Volkswagen supervisory board is in talks over an $82.5B five-year spending plan, amid intentions to transform the company into the e-vehicle leader.

Fri, 17 Nov 2017 10:48:22 GMT

European shares suffer amid disappointing earnings, downgrades on Friday

European shares are set towards their two-week low on Friday, as sluggish earnings updates and several broker downgrades weighted heavily on regional indexes.

Fri, 17 Nov 2017 10:46:51 GMT

Toyota, Suzuki to offer EVs in India by 2020

Toyota Motor Corporation and Suzuki Motor Corporation planned to jointly introduce electric vehicles to the Indian market around 2020, both companies announced on Friday.

Fri, 17 Nov 2017 10:31:07 GMT

Bulgarian Parliament speaker quits on Friday

On Friday, the Bulgarian Parliament speaker Dimitar Glavchev resigned from his post, as he seeks to avoid political upheaval amid Bulgaria's plans to take over the rotating EU presidency in January.

Fri, 17 Nov 2017 10:24:25 GMT

Ford plans investing over $885M in Valencia plant

The US carmaker Ford Motor is planning to invest more than $885M in its Spanish factory in Valencia, amid its new Kuga SUV model production.

Fri, 17 Nov 2017 09:34:49 GMT

Germany to pledge €10M to help clear Syria's mines

Germany is ready to provide Syria with initial €10M to help the country remove mines from its Northern city of Raqqa, the Handelsblatt newspaper reported on Friday.

Fri, 17 Nov 2017 09:11:42 GMT

GM's Cadillac sees China sales to surge 60% in 2017

General Motors' Cadillac forecasts its Chinese sales to jump 60% in 2017, faster it had anticipated at the year's start, on high demand raised by younger buyers.

Fri, 17 Nov 2017 08:34:14 GMT

Germany's coalition talks miss Merkel's deadline

The German coalition negotiations missed the Chancellor Angela Merkel's deadline on Thursday, as parties could not reach the agreement on the major issues such as finances and migration.

Fri, 17 Nov 2017 08:30:56 GMT

Nissan holds news conference on improper inspection case

Nissan Motor started briefing at 0730GMT on Friday, as it aimed to provide some updates on the probe into improper inspection procedures that caused the recall of 1.2M cars in Japan.

Fri, 17 Nov 2017 07:31:59 GMT

Toyota likely to sell locally designed EVs in China

Toyota Motors is thinking over selling its locally developed and produced electric vehicles in China, as it aims to expand the EV line-up and obey Beijing's new sales and NEV production quotas.

Fri, 17 Nov 2017 07:28:50 GMT

Verizon, Comcast seek to buy 21st Century Fox assets

Verizon Communications and Comcast, both are seeking to acquire some assets of Rupert Murdoch's 21st Century Fox, the sources familiar with the matter reported.

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