News

Sat, 16 Mar 2019 08:06:55 GMT

Mercedes-Benz and BMW to lower prices in China

On Saturday, the German luxury carmaker Mercedes-Benz and BMW said that they would lower their prices in China after the Chinese government announced that it would reduce VAT.

Sat, 16 Mar 2019 08:06:46 GMT

PwC to pay $335 million to settle claims

The US Federal Deposit Insurance Corporation said in a statement that PricewaterhouseCoopers would pay about $335 million to settle claims over failed audits of Alabama's Colonial Bank.

Sat, 16 Mar 2019 07:08:44 GMT

Trump's administration plans to open up portions of Atlantic for drilling

Joe Balash, the US Interior Department assistant secretary for Land and Minerals, said in remarks that the Trump administration could open portions of the Atlantic for oil and gas drilling.

Sat, 16 Mar 2019 07:08:22 GMT

Boeing plans to release upgraded software for 737 MAX

According to sources with knowledge with the matter, Boeing Co plans to release updated software for 737 Max aircraft before the end of March.

Sat, 16 Mar 2019 06:03:00 GMT

Ford Motor plans to cut jobs in UK and Germany

On Friday, the US automaker Ford announced plans to cut about 5000 jobs in Germany and is set to reduce the workforce in the United Kingdom.

Sat, 16 Mar 2019 06:02:51 GMT

Varta and BMW apply for battery cell research fund

Luxury carmaker BMW and Germany's Varta said on Friday that they have applied for state financing of R&D in the battery cells field.

Sat, 16 Mar 2019 04:53:39 GMT

Wall Street edges higher on trade optimism

Wall Street edged higher on Friday, led by tech shares and optimism over trade talks between the United States and China.

Sat, 16 Mar 2019 04:53:27 GMT

Global equity markets hit fresh five-month high

Global equity markets reached a new five-month high on Friday. The surge was attributed to the US-China trade talks and the Brexit optimism.

Sat, 16 Mar 2019 03:51:05 GMT

Few US taxpayers expect to pay less from Trump's tax reform

According to an opinion poll released by Reuters/Ipsos on Friday, only one in five Americans would see savings from President Donald Trump's tax reform.

Sat, 16 Mar 2019 03:50:56 GMT

NY's Con Ed to impose moratorium on new natural gas service

Consolidated Edison Inc would be sticking with a moratorium on new natural gas service in Westchester County, the company stated.

Sat, 16 Mar 2019 03:26:42 GMT

Argentina's Central Bank wants to license market makers

According to two sources with knowledge of the matter, the Central Bank of Argentina plans to license market makers to help stabilise the country's currency.

Sat, 16 Mar 2019 03:25:24 GMT

Sullivan urges South Africa to be transparent in land reform

The Deputy US Secretary of State John Sullivan urged the South African government to be transparent about land reform.

Fri, 15 Mar 2019 20:54:19 GMT

Qualcomm wins lawsuit against Apple over infringement

Qualcomm, the smartphone chip supplier, won a legal lawsuit against Apple on Friday, after the San Diego Federal Court had fined that the US tech giant owes Qualcomm around $31M for its three patent infringement.

Fri, 15 Mar 2019 20:50:11 GMT

American Airlines suspends flights to two Venezuelan cities

On Friday, American Airlines halted its flight operations to two Venezuela's cities of Maracaibo and Caracas, following a travel advisory that had been issued by the US State Department earlier this week.

Fri, 15 Mar 2019 20:29:26 GMT

Petrobras CEO hopes to divest $10B in assets by May

Brazil's Petroleo Brasileiro CEO Roberto Castello Branco stated on Friday he was expecting the company to divest about $10B in assets within the first four months of the current year, helped by the major pipeline unit sale.

Fri, 15 Mar 2019 20:26:03 GMT

Facebook shares plunge amid CPO Cox leave

On Friday, shares in Facebook tumbled as much as 5% to their lowest indicator in about three months on the news about Chris Cox, the Chief Product Officer, abrupt resignation, when the social media giant faces scrutiny on privacy and political content.

Fri, 15 Mar 2019 19:01:45 GMT

Ford to cut jobs in Germany, Britain

The US automaker Ford announced plans to cut more than 5K jobs in Germany and is set to reduce the workforce in the UK, seeking to return to profit in Europe, the company stated.

Fri, 15 Mar 2019 18:21:45 GMT

US manufacturing sector slows amid weaker economic growth

The US manufacturing production fell for a second month in succession in February, suggesting further evidence of a solid slowdown in the economic growth early in the Q1.

Fri, 15 Mar 2019 18:18:49 GMT

BMW applies for battery cell research financing

Germany's luxury carmaker BMW applied for state financing of R&D in the battery cells field, a spokesman stated, adding that this does not mean that the company is set toproduce them itself.

Fri, 15 Mar 2019 18:15:40 GMT

Indian exports grow 8.7% in 11 months

India's total exports over the period from April 2018 to February 2019 stood at an expected $483.98B, exhibiting a positive 8.73% growth over the same period in the prior year.

Fri, 15 Mar 2019 17:18:51 GMT

Snapchat to announce gaming platform in April

Parent of Snapchat messaging application Snap planned to announce the company's gaming platform in the next month, Cheddar reported, citing sources familiar with the matter.

Fri, 15 Mar 2019 17:11:12 GMT

Fed to raise rates once more in Q3

The US Federal Reserve is likely to remain patient for longer than thought last month, waiting until the Q3 before raising interest rates once again, a Reuters poll of economists revealed.

Fri, 15 Mar 2019 16:34:29 GMT

US job openings add 102K in January

The US job openings in January increased 102K to a seasonally adjusted 7.58M in January, supported by vacancies at real estate, wholesalers and information sectors, the US Labour Department stated.

Fri, 15 Mar 2019 16:24:58 GMT

EZ inflation grows 1.5% year-over-year in February

EZ inflation edged higher in line with expectations in February, Eurostat confirmed, mainly due to more expensive services, alcohol, food, alcohol and tobacco.

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