News

Tue, 16 Apr 2019 07:04:36 GMT

Schneider Electric, BP sign contracting deal

Schneider Electric has inked a contracting deal with the gas and oil company BP to work as one of its main electrical contractors, after the French firm agreed to provide BP with the full-scope design and engineering services.

Tue, 16 Apr 2019 06:38:31 GMT

Brooge Petroleum plans Nasdaq listing

The UAE's Brooge Petroleum & Gas Investment Co announced it is planning a listing on Nasdaq after a merger with the US-based company Twelve Seas Investment.

Tue, 16 Apr 2019 06:35:47 GMT

Brazil's Centauro sets IPO price at 12.50 reais/share

Centauro, Brazil's sporting goods retailer, set a price for its IPO at 12.50 reais for a share, close to its range's bottom of 12.10 reais, a source close to the matter reported.

Tue, 16 Apr 2019 04:48:57 GMT

Foxconn Chairman comments on resignation

The Chairman of Foxconn Terry Gou announced on Tuesday that he is considering to run in the 2020 Taiwanese presidential election. The chairman is known for having close ties with China.

Tue, 16 Apr 2019 04:48:31 GMT

General Motors reveals new project

On Tuesday, Reuters published a General Motors plan for Latin America and China called Global Emerging Market or GEM. The company has worked five years on developing the strategy. The publication was expected to boost General Motors stock price.

Tue, 16 Apr 2019 04:26:40 GMT

BMW has no plans for compact vehicle

On Tuesday, the Chief Financial Officer of BMW Nicolas Peter announced that the company has no future plans for creating a compact car together with another German carmaker.

Tue, 16 Apr 2019 04:26:05 GMT

Dollar surges on Tuesday

During the Asia session on Tuesday the USD gained value against its peers. There was no clearly spottable reason for the surge.

Tue, 16 Apr 2019 03:16:14 GMT

Israeli debt-to-GDP ratio at 61%

The public debt-to-GDP ratio of Israel rose to 61% in 2018, a 0.5% increase compared to 2017, the report by the county's Ministry of Finance showed.

Tue, 16 Apr 2019 03:11:37 GMT

Germany's seaports handle 1.7% more cargo

A total of 304.7M tons of seaborne goods were handled in Germany's sea ports in 2018, marking a 1.7% increase compared to the prior year, Destatis reported.

Tue, 16 Apr 2019 02:37:02 GMT

UniCredit to pay $1.3B to settle sanctions probe

The Italian top bank UniCredit and two subsidiaries agreed to pay $1.3B to he US authorities to settle probes of the US sanctions on Iran and other countries' violations, the US authorities stated.

Tue, 16 Apr 2019 02:32:06 GMT

Hulu buys back stake in AT&T

Hulu bought back stake in wireless carrier AT&T, the US streaming service, for $1.43B, in a deal valuing the company at $15B, both companies stated.

Mon, 15 Apr 2019 19:57:00 GMT

Notre-Dame Cathedral goes up in flames

The Parisian landmark and UNESCO World Heritage site, Notre-Dame Cathedral, was devastated in a fire that broke out on Monday's evening, France's Junior Interior Minister reported, with the fire causes are still to be determined.

Mon, 15 Apr 2019 19:51:08 GMT

Huawei telecoms equipment poses no threat

The Belgian cybersecurity centre stated it had not found any evidence that Huawei Technology's telecoms equipment could pose a spying threat to the country's mobile operators, such as Orange Belgium, Telenet and Proximus.

Mon, 15 Apr 2019 18:54:07 GMT

VW's ex-CEO charged with fraud

The former Chief Executive Officer of Volkswagen Martin Winterkorn has been charged with fraud on Monday by German prosecutors for being involved in the automaker's manipulations regarding diesel emissions testing.

Mon, 15 Apr 2019 18:51:53 GMT

Best Buy names CFO as new CEO

On Monday, Best Buy appointed Corie Barry, its Chief Financial Officer, as the company's new Chief Executive Officer to replace Hubert Joly who is planning to step down to become Best Buy's Executive Chairman.

Mon, 15 Apr 2019 17:50:32 GMT

Federal court dismisses Trump legislation

On Monday, a US federal court dismissed US President's Donald Trump's repeal of an inventory valuation policy that was aimed at increasing taxes collected from oil and coal companies.

Mon, 15 Apr 2019 17:50:23 GMT

Citigroup profits beat estimate

Citigroup published their higher than expected quarterly earnings on Monday. Despite the good news, the bank's stock plummeted at the start of the US trading session.

Mon, 15 Apr 2019 16:51:13 GMT

Goldman reveals overhaul details

On Monday, Goldman Sachs published details of the bank's overhaul. The announcement was aimed to soften the news of decreasing revenues. Despite the announcement Goldman Sachs Group stock price declined during the US trading session.

Mon, 15 Apr 2019 16:50:46 GMT

IMF will visit Pakistan

On Monday, the International Monetary Fund announced that its delegation will visit Pakistan during this month to discuss a bail out of the country. The deal is bound to influence all assets associated with the country.

Mon, 15 Apr 2019 15:45:48 GMT

Bank of Japan could decrease interest rates

On Monday, the head of the Bank of Japan Haruhiko Kuroda announced to CNBC that interest rates could still be decreased. Bank of Japan already has negative interest rates, which are considered an anomaly of monetary policy.

Mon, 15 Apr 2019 15:07:07 GMT

Jet Airways extends flight suspension

The Chief Executive Officer of Jet Airways Vinay Dube announced on Monday that his managed company is suspending international flights up to Thursday. The company has not gained interim funding to continue its operations. The announcement hurt the company's stock price.

Mon, 15 Apr 2019 14:58:36 GMT

US officials comment on Venezuela

On Monday, US officials announced that the United States have not set a deadline for a change of government in Venezuela. Although, it was revealed that Nicolas Maduro will not remain in power.

Mon, 15 Apr 2019 14:57:38 GMT

Wall Street declines on Monday

As the US markets opened on Monday, Wall Street stock indices decline. The decline was attributed to the losses suffered by financial stocks. Namely, Goldman and Citigroup stock prices declined.

Mon, 15 Apr 2019 14:32:13 GMT

Asiana Airlines top shareholder to sell its entire stake

The key shareholder of the South Korean carrier Asiana Airlines has put its entire stake worth $442M up for a sale to keep the debt-ridden firm afloat and sending its shares up 30% on the news.

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