News

Thu, 28 Mar 2019 21:13:53 GMT

Russia set to block some VPN services

The Russian communications watchdog threatened to block access to popular services of VPN, which allow users to get access to websites outlawed by Moscow.

Thu, 28 Mar 2019 20:07:44 GMT

ICBC profits grow 4.1% in 2018

The Chinese largest commercial lender ICBC reported a 4.1% net profit increase last year, with net profits attributable to shareholders remaining at $44.26B in 2018.

Thu, 28 Mar 2019 20:04:52 GMT

Brazil's Central Bank needs more time to analyse economic risks

Brazil's Central Bank is set to take its time analysing the economic impact from shocks from abroad and higher political tension locally that appear to be slowing the reform process of the government, its President stated.

Thu, 28 Mar 2019 19:02:00 GMT

Net profit of Deutsche Bahn drops nearly 30%

Net profits of Germany's state-owned railway firm Deutsche Bahn declined 29.2% to a total of $608.4M in fiscal year of 2018, the company announced on Thursday.

Thu, 28 Mar 2019 18:59:49 GMT

Opel to cut up to 400 positions in Austria

Germany's automobile manufacturer Opel is set to slash up to 400 positions at its Austria's manufacturing plant, a local media reported.

Thu, 28 Mar 2019 18:27:47 GMT

US economic growth revised down to 2.2% in Q4 last year

The US economic growth in the Q4 of 2018 was revised down to a 2.2% yearly rate from the previously registered 2.6%, the US Commerce Department stated.

Thu, 28 Mar 2019 18:25:10 GMT

Belgium prepares for economic hit from Brexit

The economy of Belgium is expected to contract nearly 1% and Belgians would get poorer if the UK quits the EU in the chaotic way, an official stated.

Thu, 28 Mar 2019 16:58:35 GMT

Sony to shut down phone factory in China

Sony Corp is planning to shut down its smartphone plant in Beijing, the company's spokesman stated on Thursday, as Japan's electronics maker set to trim its costs in efforts to bring back profitability of the handset business.

Thu, 28 Mar 2019 15:53:35 GMT

Deutsche Telekom convinced over Sprint-T-Mobile deal

Deutsche Telekom's CEO Tim Hoettges is confident a $26B worth takeover of Sprint by the US firm T-Mobile can be granted approval by American regulators and will go through in the end.

Thu, 28 Mar 2019 15:53:25 GMT

JPX to acquire Japan's TOCOM

Japan Exchange Group, the Tokyo Stock Exchange owner, is set to acquire the TOCOM to establish the all-in-one bourse, which could lure more international investors and traders.

Thu, 28 Mar 2019 15:46:04 GMT

ZF Friedrichshafen to take over Wabco

ZF Friedrichshafen, the German car parts maker, is set to acquire the US competitor Wabco for more than $7.0B in cash, seeking to boost its driver-assistance systems portfolio, two companies stated on Thursday.

Thu, 28 Mar 2019 14:50:24 GMT

Lagarde wants EZ to agree deposit insurance plan

IMF's head Christine Lagarde called on the Euro Zone to agree on building the shared deposit insurance system within banks, setting aside all national concerns over possible risks.

Thu, 28 Mar 2019 14:50:14 GMT

UK fines Goldman $45M over failure reports

On Thursday, Britain's markets watchdog fines Goldman Sachs a record $45M, as the investment bank failed to provide it with accurate transactions reports over a decade.

Thu, 28 Mar 2019 14:32:52 GMT

Trump calls on OPEC to bolster oil production

On Thursday, the US President Donald Trump called on the OPEC to bolster oil production with the intention to cut the commodity price, adding that the World Markets are fragile.

Thu, 28 Mar 2019 13:33:51 GMT

Swedbank ousts CEO amid money laundering row

On Thursday, Swedbank ordered dismissal of its Chief Executive Officer Birgitte Bonnesen right ahead of the annual shareholder meeting due to allegations of the bank being involved in money laundering.

Thu, 28 Mar 2019 13:28:25 GMT

Facebook blocks white separatism and nationalism

On Wednesday, Facebook announced it had imposed a ban o any representation, praise or support of white separatism and white nationalism on the social media giant's platform, a move approved by New Zealand on the back of the recent mosque massacre.

Thu, 28 Mar 2019 11:54:22 GMT

VW ties up with Amazon to improve production

Volkswagen cooperated with Amazon Web Services, seeking to connect and integrate its data from the 122 VW Group factories, systems and machines, as part of the carmaker's plan to improve production.

Thu, 28 Mar 2019 11:21:44 GMT

Support.com, Office Depot. pay $35M in FTC settlement

The software company Support.com and Retailer Office Depot agreed to pay $35M in a settlement of the US FTC allegations that the firms had tricked customers into purchasing computer repair services.

Thu, 28 Mar 2019 10:51:36 GMT

Theresa May's offer fails

On Thursday, the Parliament of the United Kingdom voted once more against the offered Brexit solutions. It occurred despite Theresa May's announcement that she would quit, if a deal is approved. The event did not surprise the financial markets, as the GBP/USD declined only slightly.

Thu, 28 Mar 2019 10:51:31 GMT

Rusal hires US auditors

The giant Russian aluminum producer Rusal has hired a US firm to conduct an audit of the company's operations. The company wants to prove complying with the agreement that had Washington lift the sanctions on Rusal.

Thu, 28 Mar 2019 10:37:04 GMT

VW considers to acquire Ford's unit stake

Volkswagen has entered talks over a stake acquisition in Ford Motors' Argo unit, after it had signed a deal with its US rival to develop a new pick-up truck.

Thu, 28 Mar 2019 10:21:33 GMT

Asiana Airlines head quits amid accounting fiasco

On Thursday, Asiana Airlines' co-Chief Executive Officer Park Sam-koo stepped down on Thursday, following the South Korean carrier's accounting fiasco that had threatened the company's liquidity position.

Thu, 28 Mar 2019 09:25:06 GMT

Swedbank investors against CEO's liability freedom

Two Swedbank largest investors have made their separate statements on Thursday, claiming they would vote against the CEO Birgitte Bonnesen's freedom from liability for the last year at the bank's annual general meeting.

Thu, 28 Mar 2019 09:17:03 GMT

Daimler, Geely to develop Smart EV brand

On Thursday, Daimler announced it was set to launch the development of its Smart electric vehicles next generation in China in cooperation with the German carmaker's rival Geely, deepening the alliance between two companies.

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