News

Sat, 20 Jul 2019 13:25:56 GMT

Italy's Campari considers takeover of France's Rhumantilles

On Saturday, Campari, the Italian drinks group, stated it entered exclusive talks to acquire the French liquor firm Rhumantilles, seeking to boost its rum business and expand its footprint in the French market.

Sat, 20 Jul 2019 11:57:04 GMT

Ghosn files lawsuit against Nissan-Mitsubishi

Carlos Ghosn has filed a lawsuit against the Japanese carmakers Mitsubishi Motors and Nissan Motor in the Netherlands, who ousted Ghosn as their alliance chairman last year on embezzlement charges, according to Dutch newspaper NRC's report published on Saturday.

Sat, 20 Jul 2019 10:47:09 GMT

France concerned over Iran's seizure of UK tanker

On Saturday, the French foreign ministry expressed its concerns over the British oil tanker seizure in the Gulf by Iran, adding that the situation affected de-escalation attempts in the region.

Sat, 20 Jul 2019 10:37:16 GMT

Britain's Hunt worries Iran took "dangerous path"

Jeremy Hunt, the British Foreign Minister, expressed his concerns that Tehran had followed a "dangerous path" after Iran seized the UK oil tanker in the Gulf on Friday.

Sat, 20 Jul 2019 09:00:25 GMT

AT&T removes CBS channels from cable systems

On Saturday, CBS Corp announced that AT&T had removed CBS's TV stations from the customer channels of DIRECTV NOW, DIRECTV and AT&T U-verse TV, despite the negotiations are still going on between the two companies.

Sat, 20 Jul 2019 08:22:03 GMT

BMW, Tencent to launch self-driving cars computer centre

Tencent Holding, the Chinese online gaming company, is teaming up with the German carmaker BMW to open a computer centre based in China tp boost self-driving cars development in the world's largest auto market.

Sat, 20 Jul 2019 07:35:54 GMT

Equifax to pay $700M in US data breach settlement

Equifax, the credit reporting company, is nearing to the deal to pay about $700M to settle the US data breach probes, according to the Wall Street Journal.

Sat, 20 Jul 2019 05:16:17 GMT

Barrick to take full control over Acacia

Barrick Gold Corp is set buy out fellow Acacia Mining's shareholders in a bid higher than it was originally proposed, gaining full control over the company and giving a hope for a tax dispute resolution between Acacia and the Tanzanian government.

Sat, 20 Jul 2019 03:51:03 GMT

Cummins bids for VW's MAN Energy Solutions unit

Cummins, the US-based diesel engines maker, has made a proposal for MAN Energy Solutions, the Volkswagen-owned large engines unit, as the automaker seeks to trim its diverse assets portfolio.

Sat, 20 Jul 2019 02:47:18 GMT

White House to hold meeting on Huawei ban

The White House adviser on economy Larry Kudlow and the Secretary of Treasury Steven Mnuchin together with other US officials are to host an official meeting with tech executives on Monday to discuss the US ban on China's Huawei.

Sat, 20 Jul 2019 02:38:01 GMT

Iran denies seizing second British ship

Iran denies it had seized the second British oil tanker in the Gulf, after Britain stated there were two vessels and urged Tehran to return both, otherwise it would face consequences, according to Reuters.

Fri, 19 Jul 2019 20:32:31 GMT

UK delay on decision over Huawei 5G harms ties

Britain's lawmakers' powerful committee urged the next Prime Minister to make decision quickly over the role Huawei is likely to have in 5G telecommunications networks to prevent more damage to the UK international relations.

Fri, 19 Jul 2019 18:54:10 GMT

Thailand's exports expected to fall 5%

Thailand's customs-cleared yearly exports are likely decreased for a fourth month in succession in June, down 5.0%, after declining 5.79% in the prior month, a Reuters poll revealed on Friday.

Fri, 19 Jul 2019 17:52:12 GMT

Syngenta's profit affected by US-China trade war

Agricultural chemicals' maker Syngenta reported a 34% decline to net income of $798M in the H1, revealing the impact of the US trade disputes with Mexico and China and bad weather.

Fri, 19 Jul 2019 16:49:44 GMT

Canada's retail sales down 0.1% in May

Retail sales in Canada declined 0.1% month-on-month in May, compared to the analysts' expectation of 0.3% rise, according to the latest release by Statistics Canada.

Fri, 19 Jul 2019 15:51:11 GMT

Philippines' inflation slows to 3% in Q2

Headline inflation in the Philippines declined to 3% in the June quarter of this year from 3.8% in the prior quarter, the BSP stated in the statement.

Fri, 19 Jul 2019 14:56:15 GMT

AmEx profit up on higher customer spending

Credit card issuer American Express beat analysts' expectations for profit in the Q2, as custumer spending grew 5% globally and 7% in the US amid the healthy US economy.

Fri, 19 Jul 2019 13:59:51 GMT

GM reveals its new 2020 Corvette sports car

On Thursday, General Motors has unveiled its newly designed 2020 Corvette sports car late on Thursday, despite the US largest carmaker is facing pressure in the uncertain and sluggish global sales environment.

Fri, 19 Jul 2019 12:59:06 GMT

BlackRock's revenue hit by fee cuts

BlackRock reported on Friday its revenue for the three months ended June 30 plunged 2.2% to $3.52B from the previous year, hit by some fee trims the company had made amid reduced demand by borrowers.

Fri, 19 Jul 2019 12:37:24 GMT

Aston Martin's largest investor offers to acquire 3% stake

Strategic European Investment Group, the largest investor of Aston Martin, has made an offer on Friday to boost its stake by 3% more in the luxury automaker, following a slump in its shares after the IPO held last year.

Fri, 19 Jul 2019 11:34:27 GMT

PepsiCo to acquire Pioneer Food in $1.7B deal

PepsiCo has signed a deal worth $1.7B to acquire the South African company Pioneer Food Group, both firms announced on Friday, sending Pioneer's shares by 29.32% and bolstering a sector hit by tough trading conditions.

Fri, 19 Jul 2019 09:30:55 GMT

Oyo founder buys back $2.0B stake in Indian firm

Ritesh Agarwal, the founder of the Indian hospitality company Oyo, has increased his stake in the start-up backed by SoftBank with a $2.0B worth buyback.

Fri, 19 Jul 2019 08:36:22 GMT

Scalia's son to become new Labour Secretary

The US President Donald Trump is planning to nominate the Supreme Court justice Antonin Scalia's oldest son, Eugene Scalia, to become the new Secretary of Labour, succeeding Alex Acosta.

Fri, 19 Jul 2019 07:09:24 GMT

AB InBev considers asset sale after scrapping Asia IPO

Anheuser-Busch InBev is exploring its asset sale in Central America, Australia and South Korea to trim the company's massive debt, after cancellation of of its Asia-Pacific division's planned IPO, according to the Wall Street Journal.

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