News

Mon, 26 Jun 2017 20:05:39 GMT

GM expects Opel's sale charge to reach $5.5B

According to top executive, General Motors Co had expected the charge for Opel's sale to Peugeot to reach $5.5B instead of $4.5B amid additional costs that were associated with the deal.

Mon, 26 Jun 2017 20:05:21 GMT

Nestle's shares jump to record high

Shares of Nestle rose to a record high during the New York trading session, boosting European stocks and helping to buoy the global index.

Mon, 26 Jun 2017 19:13:02 GMT

Arconic terminates cladding sales amid Grenfell Tower blast

Arconic Inc stated that the company had stopped global Reynobond PE cladding sales that were used at the Grenfell Tower in London.

Mon, 26 Jun 2017 19:03:57 GMT

Italy's police force use tear gas against migrants in Ventimiglia

Italy's police have used a tear gas on the group of 400 African migrants who have tried to enter France from Ventimiglia, northern Italy. 

Mon, 26 Jun 2017 18:01:57 GMT

EU antitrust regulators to impose record fine on Google

The EU antitrust regulators could impose a record penalty on Alphabet unit Google over the shopping service, concluding one of the cases against Google.

Mon, 26 Jun 2017 18:01:47 GMT

Japan's Takata Corp fils for bankruptsy in US and Japan

Japanese Takata Corp, airbag manufacturer, has filed for bankruptcy protection in the US and Japan and has stated that the company would be acquired for $1.6B by Key Safety Systems.

Mon, 26 Jun 2017 17:09:44 GMT

16 tourists missing after boat accident in Colombia

Rescue workers were looking for 16 missing people after a tourist boat have sank on Sunday in north-central Colombia's reservoir, killing six people.

Mon, 26 Jun 2017 17:05:30 GMT

PM May forces to test high-rise building material

British PM May has appealed to the landlords of high-rise buildings and has forced them to perform safety checks on potentially flammable materials.

Mon, 26 Jun 2017 16:08:24 GMT

Iran call Europe for help to promote talks in Gulf

Mohammad Javad Zarif, the Iranian Foreign Minister, asked Europe to reduce tensions in the Gulf, where Saudis and its allies severed ties with Qatar.

Mon, 26 Jun 2017 16:06:39 GMT

Atlanta Fed keeps Q2 GDP growth expectations at 2.9%

The Atlanta Fed kept unchanged its forecast for the US economy to grow at annualised 2.9% in the Q2 of 2017, following data on home sales and durable goods orders in May.

Mon, 26 Jun 2017 14:58:21 GMT

UN calls to resolve Cyprus conflict

The United Nations requested Turkish and Greek Cypriot sides to open-ended negotiations, aiming to resolve a dispute and unite Cyprus to define future of Europe-Turkey relations.

Mon, 26 Jun 2017 14:56:45 GMT

May wants EU migrants to stay in UK

British PM Theresa May told that EU citizens currently living legally in the UK will not be asked to leave at the point the country quits the European Union.

Mon, 26 Jun 2017 14:17:07 GMT

Former Brazilian Finance Minister sentenced to 12 years in jail

The former Brazilian Finance Minister Antonio Palocci was sentenced to 12 years in jail for money laundering and corruption.

Mon, 26 Jun 2017 14:13:13 GMT

BMW to invest $600M in its US plant

On Monday, BMW reported that it would invest $600M in its US-based plant in Spartanburg, South Carolina, to improve production facilities for future BMW X sports models.

Mon, 26 Jun 2017 13:18:14 GMT

British landlords urged to allow building material tests

The British Prime Minister Theresa May urged landlords of tall buildings across the country to allow conducting tests of potentially flammable building materials in the wake of the Grenfell Tower fire.

Mon, 26 Jun 2017 12:54:16 GMT

US durable goods orders fall more than expected last month

The Census Bureau reported on Monday that orders for US-made durable goods dropped 1.1% in May, following the preceding month's fall of 0.8% and surpassing expectations for a 0.5% decline.

Mon, 26 Jun 2017 12:03:10 GMT

Japan's Takata files for bankruptcy

The Japanese airbag manufacturer Takata filed for bankruptcy protection in Japan and the United States. The company is to be purchased by US-based Key Safety Systems for $1.6B.

Mon, 26 Jun 2017 11:59:28 GMT

UK's May reaches $1.3B deal with Northern Ireland's DUP

The UK's PM Theresa May reached a deal with the DUP on Monday, agreeing to provide $1.3B additional funding to Northern Ireland for the party's support in the British parliament.

Mon, 26 Jun 2017 11:05:55 GMT

Fed's Powell: US may ease some banking restrictions

According to Federal Reserve Governor Jerome Powell, US banking regulators have the necessary conditions to ease some banking regulations imposed after the financial crisis.

Mon, 26 Jun 2017 10:56:27 GMT

Centre-right parties win local elections in Italy

Centre-right parties defeated their rivals in Italy's mayoral elections on Sunday, thus pressuring the ruling Democratic Party before a general vote in 2018.

Mon, 26 Jun 2017 10:08:42 GMT

Bahrain blames Qatar for military escalation

Sheikh Khalid bin Ahmed al-Khalifa, the Foreign Minister of Bahrain, condemned Qatar on Monday for military escalation in the region because of the decision of the latter to increase the presence of Turkish troops on its soil. 

Mon, 26 Jun 2017 10:07:44 GMT

ECJ to deliver ruling on Intel next year

According to the Court's judge, a ruling on Intel's appeal against the European Commission's $1.19B fine for violation of EU competition law most likely is going to be delivered next year. 

Mon, 26 Jun 2017 09:08:31 GMT

German business confidence hits record high

A survey released by the Ifo Institute for Economic Research on Monday showed that business confidence of German companies surged from 114.6 to 115.1 and, thus, set a new record high. 

Mon, 26 Jun 2017 09:07:39 GMT

China to increase supervision of foreign investment

According to the Xinhua news agency, China plans to increase oversight of foreign investment and create a special system that would protect foreign undertakings.

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