News

Tue, 02 Apr 2019 07:15:49 GMT

Barnier predicts no-deal Brexit

The EU chief Brexit negotiator Michel Barnier stated on Tuesday that over the last couple of days Britain has become closer to no-deal exit from the bloc, though there is still a chance to avoid such outcome.

Tue, 02 Apr 2019 07:11:40 GMT

Oil price rises amid Chinese data

Crude oil prices increased by 14 cents or 0.2% on Tuesday morning, reaching $61.73 a barrel, as the China's PMI showed the largest monthly increase over the last seven years.

Tue, 02 Apr 2019 06:25:07 GMT

Thales finishes Gemalto's acquisition

The French defence electronics and aerospace group Thales announced on Tuesday that it had finished a $5.4B acquisition of the Dutch chipmaker Gemalto.

Tue, 02 Apr 2019 06:20:30 GMT

Bilibili starts bond sale

Bilibili, one of the most popular Chinese video platforms, started on Tuesday a bond sale that together with share offering is expected to bring the company up to $621M.

Tue, 02 Apr 2019 03:01:07 GMT

Japan's inflation expectations stagnate

Japan's companies' expectations for inflation in the next year stagnated, the Bank of Japan's survey revealed, underlining the daunting challenge for policymakers, who sought to boost growth and prices due to slowing global demand.

Tue, 02 Apr 2019 02:57:45 GMT

US to probe fires connected to Hyundai, Kia vehicles

The top US auto safety regulator stated that it is likely to open an investigation into 3M Kia Motor and Hyundai Motor vehicles after considering reports of over 3K fires that injured more than 100 people.

Tue, 02 Apr 2019 02:35:40 GMT

Outlook for British business darkens before Brexit

Worsening finances and fading exports spurred a darker future for the UK companies last month, affected by a slowing global economy and political chaos surrounding Brexit, a survey revealed on Tuesday.

Tue, 02 Apr 2019 02:32:30 GMT

South Korea's inflation lowest in three years

South Korea's inflation slowed to the weakest pace since mid-2016 in March over deceases in food prices and weaker growth of service costs, bolstering expectations for an easing stance.

Mon, 01 Apr 2019 20:32:52 GMT

China manufacturing rises slightly

The Chinese purchasing managers index rose to 50.5 in March, an increase from 49.2 in February, the National Bureau of Statistics reports.

Mon, 01 Apr 2019 20:32:15 GMT

S. Korea export declines

The South Korean export declined for the fourth consecutive month by 8.2% in March, compared to the same period the prior year, the Ministry of Trade, Industry and Energy reports.

Mon, 01 Apr 2019 19:22:37 GMT

Bulgaria wants more business with Lebanon

Bulgaria is interested in doing more business with Lebanon, Bulgaria's Minister of Agriculture, Food and Forests, Roumen Porozhanov says.

Mon, 01 Apr 2019 19:22:03 GMT

Saudi Aramco earns $224B

The Saudi Arabian Oil Company, a national petroleum and gas company, has earned $224B in 2018, a report published by the Fitch Ratings shows.

Mon, 01 Apr 2019 18:14:35 GMT

Greek central bank expects modest growth

The Greek central bank expects the economy to expand 1.9% in 2019, below the European Commission forecast of 2.2% growth, the Bank of Greece Governor Yannis Stournaras says.

Mon, 01 Apr 2019 18:14:08 GMT

China, New Zealand to deepen partnership

The Chinese President Xi Jinping and the New Zealand Prime Minister Jacinda Ardern have agreed to improve partnership at a meeting in Beijing on Monday.

Mon, 01 Apr 2019 17:07:21 GMT

China, France to strengthen partnership in financial sector

France and China signed a memorandum of understanding on cooperation in the financial sector, the China Securities Regulatory Commission reports.

Mon, 01 Apr 2019 17:06:23 GMT

Arab investment forum kicks off in Muscat

The Arab Investment Forum and Exhibition started on Monday at the Oman Convention and Exhibition Center in Muscat to attract new investments, the CEO Hilal bin Hamad Al Hasani says.

Mon, 01 Apr 2019 16:20:31 GMT

Israel opens embassy in Rwanda

Israel has opened its embassy in Rwanda on Monday to strengthen bilateral cooperation, the Director General of the Israeli Foreign Ministry Yuval Rotem says.

Mon, 01 Apr 2019 16:19:48 GMT

US manufacturing activity expands

The US manufacturing sector expanded at a faster pace in March at 55.3, an increase from 54.2 in February, the latest ISM Report on Business shows.

Mon, 01 Apr 2019 14:33:57 GMT

Cannabis firm Cresco to take over Origin House

The US marijuana firm Cresco Labs announced on Monday about its takeover of Origin House, the pot distributor, worth about C$1.1B, seeking to become a leader in the Californian cannabis market.

Mon, 01 Apr 2019 14:29:18 GMT

Kellogg plans Keebler unit, assets sale for $1.3B

On Monday, Kellogg it was planning a sale of some assets and a cookie units Famous Amos and Keebler to Ferrero Group in a deal valued at $1.3B, amid Kellogg's intention to focus on the snacks and cereal businesses.

Mon, 01 Apr 2019 12:51:09 GMT

Norwegian Air head to visit Boeing for talks

Norwegian Air's CEO Bjoern Kjos is set to make a visit to the planemaker Boeing in Seattle on Monday to discuss the MAX aircraft grounding issues, as the carrier owns 18 737 MAX 8 jets in its fleet.

Mon, 01 Apr 2019 12:50:47 GMT

J&J's baby shampoo fails India quality test

The baby shampoo samples by Johnson & Johnson failed a quality test conducted by India's Rajasthan, the state drug watchdog reported, while the US drugmaker has rejected the findings.

Mon, 01 Apr 2019 12:02:22 GMT

France's Publicis considers acquiring Epsilon

The French advertising company Publicis has entered talks to acquire Alliance Data System's marketing unit Epsilon that had been possibly valued at about $5.0B.

Mon, 01 Apr 2019 11:50:21 GMT

FT reaches million paying readers

The Financial Times announced on Monday it had reached a million paying readers with the company's profits and revenue continuing to grow since the UK business publication was bought by Japan's Nikkei.

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