News

Fri, 07 Jun 2019 20:01:28 GMT

US job growth slows sharply in May

The US Labor Department report showed on Friday that the Non-Farm Payrolls increased by 75,000 jobs in May, raising concerns about the states of the US economy.

Fri, 07 Jun 2019 19:00:35 GMT

Mexican and US negotiators resume migration talks

On Friday, the US-Mexico negotiators continued migration talks, as both sides draw closer to a trade dispute, that might shuffle the two countries' economies.

Fri, 07 Jun 2019 18:00:36 GMT

Xi says global multilateral trade system must be protected

On Friday, the President of China Xi Jinping called on global leaders to protect the world's multilateral trade system.

Fri, 07 Jun 2019 16:59:17 GMT

US stocks surge on rate-cut hopes

Wall Street extended gains on Friday, as the US job growth slowed sharply in May, raised hopes that the Federal Reserve could cut interest rate this year.

Fri, 07 Jun 2019 16:05:50 GMT

Crude oil prices edge higher

On Friday, crude oil prices retraced from a five-year low after Saudi Arabia signalled that the Organisation of the Petroleum Exporting Countries (OPEC) could extend the supply cut deal.

Fri, 07 Jun 2019 14:56:36 GMT

Facebook halts app pre-installations on Huawei devices

Facebook has suspended pre-installation of the social media giant's apps on Huawei smartphones; the latest hit on the Chinese company as it is trying to keep the business afloat following US ban imposed on its purchase and software.

Fri, 07 Jun 2019 13:50:43 GMT

Hearing on Huawei's CFO to happen in 2020

Meng Wanzhou, the Chief Financial Officer of Huawei, is set to challenge the extradition to the US amid fraud charges on hearing planned to be held in Japan, starting from January 20, 2020.

Fri, 07 Jun 2019 11:56:18 GMT

Walmart to restart groceries delivery service

Walmart is set to relaunch its service that offers groceries delivery to customers' refrigerators, as the company seeks to find unconventional options to offer rapid and cheap delivery of its online orders.

Fri, 07 Jun 2019 11:12:02 GMT

Russia's Sibur sees listing not earlier than 2020

The Russian biggest petrochemicals company Sibur stated it might launch an initial public offering not earlier than next year, seeing Moscow as listing's main venue, according to the group's CEO Dmitry Konov.

Fri, 07 Jun 2019 10:03:34 GMT

Toyota speeds up EV schedule

On Friday, Toyota Motor Corporation announced that it intends to make half of its sales from electric vehicles by 2025. The company has moved forward this goal by five years from 2030.

Fri, 07 Jun 2019 09:38:37 GMT

Swiss Re set for UK unit's $4.5B IPO

Swiss Re is planning to launch an initial public offering of its $4.5B British life insurance business located in London, as it seeks to put the unit under a more favourable regulatory regime, granting it easier access to the capital to fund business expansion.

Fri, 07 Jun 2019 08:38:46 GMT

Qatar Airways asks for compensation over MAX grounding

Qatar Airways is planning to urge Boeing for compensation over its three 737 MAX jet grounding by Italy's carrier Air Italy, where Qatar Airways holds a majority stake, group's CEO Akbar al-Baker stated on Friday.

Fri, 07 Jun 2019 06:51:07 GMT

Russia's Ozon may explore IPO option in two years

Ozon, the Russian online retailer, may explore an option of the initial public offering in the next two years, as soon as it has raised the share of Russia's e-commerce market, improved infrastructure and boosted growth, the CEO Alexander Shulgin stated on Friday.

Fri, 07 Jun 2019 06:39:28 GMT

Elliott Management considers to acquire Barnes & Noble

The Elliott Management hedge fund has entered talks to acquire the US book retailer Barnes & Noble in a potential deal valued at $476M or $6.50 per share.

Fri, 07 Jun 2019 05:12:56 GMT

Toyota to launch new electric vehicle

Toyota Motor Corp stated on Friday that it would cooperate with Chinese battery producer Contemporary Amperex Technology Co Ltd and electric vehicle maker BYD Co Ltd to deliver a new battery-powered, ultra-compact automobile by next year.

Fri, 07 Jun 2019 03:11:14 GMT

UK firms increase spending by least since 2013

The UK employers increased spending over temporary staff at the slowest pace in more than six years and hired fewer staff, the REC stated, suggesting that Britain's robust labour market is likely to weaken.

Fri, 07 Jun 2019 02:29:25 GMT

Google to buy Looker for $2.6B

Alphabet's Google stated that it is likely to buy Looker, the privately owned big-data analytics firm, for $2.6B in cash, in the first main acquisition for new Google Cloud CEO Thomas Kurian.

Thu, 06 Jun 2019 20:05:30 GMT

Amazon's Bezos sees commercial robots in next 10 years

On Thursday, Amazon.com's CEO Jeff Bezos stated that commercial robots, which are able to grasp items like humans, would be available for use in the following ten years.

Thu, 06 Jun 2019 19:39:02 GMT

Sumitomo Mitsui Trust, UBS to sign wealth deal on Friday

Sumitomo Mitsui Trust and UBS are set to sign their planned deal on Friday, creating the new wealth management merger in Japan, according to internal memo viewed by Reuters.

Thu, 06 Jun 2019 18:20:43 GMT

Trump to rule on $300M Chinese tariffs after G20 meeting

The US President Donal Trump stated this Thursday he would make a decision regarding the tariff imposition on China's $300M worth of goods after the G20 meeting scheduled for this month.

Thu, 06 Jun 2019 17:10:52 GMT

Google to acquire Looker in $2.6B deal

On Thursday, Alphabet's Google stated it would acquire the analytics software company Looker in a cash deal worth $2.6B and the first major takeover for the tech giant's new CEO Thomas Kurian.

Thu, 06 Jun 2019 16:03:26 GMT

US resumes talks with Mexico on border, tariffs

On Thursday, the US and Mexican officials have resumed their talks in Washington aimed at preventing the imposition of tariffs on Mexico's goods as Donald Trump seeks to curb migratory flow at the southern US border.

Thu, 06 Jun 2019 15:00:08 GMT

PEP seeks to attract $1.7B in new buyout fund

Australia's Pacific Equity Partners s planning to raise $1.7B in its new buyout fund, expecting to receive its Fund VI's final commitments in coming weeks, according to The Australian Financial Review.

Thu, 06 Jun 2019 14:25:13 GMT

JPMorgan to close smartphone bank account Finn

On Thursday, JPMorgan Chase & Co announced it would shutter its "Finn" smartphone bank account, designed for young adults, after a year since its nationwide launch.

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