News

Fri, 15 Mar 2019 15:31:52 GMT

RFR Holding, Signa confirm Chrysler Building buy

Signa Holding, Austria's real estate firm, and RFR Holdings have confirmed on Friday they had acquired the New York's iconic Chrysler Building in a deal worth $150M.

Fri, 15 Mar 2019 14:19:49 GMT

Tokyo 2020 launches robots to aid wheelchair users

On Friday, Tokyo 2020 Olympics & Paralympics has rolled out an ambitious Robot Project, revealing two robots designed to help wheelchair users, athletes and workers at the Games.

Fri, 15 Mar 2019 14:15:12 GMT

Fed to hold two hearings on SunTrust, BB&T merger

The US Federal Reserve announced two public hearings scheduled for April 25 and May 3 on the proposed BB&T-SunTrust merger deal, the largest among banks since the global financial crisis in 2007-2009.

Fri, 15 Mar 2019 13:36:43 GMT

Engineers develop simple, cheap tests for emissions

Engineers are developing cheap and simple battery-powered devices to check the emission norms of a car within minutes, with the tool price to be around $9.06K.

Fri, 15 Mar 2019 13:20:26 GMT

KGHM has no plans for Serra Gorda sale

KGHM, the Polish mining company has no plans for a sale of its Chilean copper mining project Sierra Gorda, its CEO Marcin Chludzinski stated on Friday.

Fri, 15 Mar 2019 12:39:11 GMT

Blackstone to acquire Japan's drug maker Ayumi

On Friday, Blackstone Group stated it had agreed to acquire the Japanese drug developer Ayumi Pharmaceutical in a deal valued at about $1.0B.

Fri, 15 Mar 2019 10:59:12 GMT

Theresa May announced an ultimatum

The Prime Minister of the United Kingdom on Friday issued an ultimatum to the UK lawmakers. The PM announced that there will be a long delay to Brexit unless the Parliament votes for her Brexit deal.

Fri, 15 Mar 2019 10:58:45 GMT

BMW prepares for no-deal Brexit

On Friday, representatives of the carmaker BMW announced that they are still preparing for a no-deal Brexit scenario despite all recent developments in the process.

Fri, 15 Mar 2019 10:33:25 GMT

Facebook's CPO Cox to leave company

Facebook's Chief Product Officer Chris Cox is set to leave the social media giant, sending the company's shares down 1.7% on the announcement.

Fri, 15 Mar 2019 10:28:05 GMT

Azul seeks acquiring Avianca Brasil's jets at lower rates

Brazilian carrier Azul is seeking to acquire 30 planes of the struggling airline Avianca Brasil at lower lease rates and rehire the majority of its employees, while avoiding debts and labour disputes.

Fri, 15 Mar 2019 09:39:58 GMT

Brazil's Caiza to divide Bano Pan shares with BTG Pactual

Brazil's Caixa Econômica Federal is set to explore an option to acquire half of the shares offered in the capital increase of Banco Pan worth $105M in 2017, in a deal in which the firm together with BTG Pactual will hold a 41.7% stake each.

Fri, 15 Mar 2019 09:32:51 GMT

Hungary's OTP mkes nest bid for Slovenia's Abanka

Hungary's bank OTP made the best proposal for the Slovenian third-biggest bank Abanka, offering around $339M, according to the Dnevnik daily newspaper's report published on Friday.

Fri, 15 Mar 2019 08:33:24 GMT

PTT unit finalises Glow Energy stake buy

On Friday, PTT-owned power generating unit GPSC announced it had finalised the Glow Energy 69.1% stake acquisition, in one of the Southeast Asian biggest energy deal.

Fri, 15 Mar 2019 08:29:16 GMT

Tesla presents Model Y in California

Tesla presented it's new Model Y electric SUV in California late on Thursday, unveiling the price starting from $39K, in a launch that is expected to raise competition in the EU market.

Fri, 15 Mar 2019 07:30:55 GMT

UBS reserves $400M for tax case

The largest Swiss bank UBS stated on Friday that it has allocated $400M to the tax fraud case, which the company is intended to appeal in a French court and avoid paying a $5.09B fine.

Fri, 15 Mar 2019 07:25:07 GMT

EU car registrations drop in February

According to report published by the Association of European Carmakers ACEA, the number of registered cars in Western European countries dropped by 0.9% in February, being mainly driven by lower demand in Italy and Spain.

Fri, 15 Mar 2019 06:16:40 GMT

US-North Korea talks likely to be suspended

According to a senior North Korean diplomat, North Korea will suspend talks with the US, if the latter continues to act in a gangster style manner.

Fri, 15 Mar 2019 05:26:05 GMT

Macau prolongs licenses for MGM China, SJM

On Friday, the Macau authorities made the decision to extend gambling licenses for SJM Holdings and MGM China for another three years.

Thu, 14 Mar 2019 21:10:52 GMT

German consulting market grows markedly in 2018

The total turnover of Germany's consulting market grew 7.3% to $38.2B in the year of 2018, according to the data published by the BDU on Thursday.

Thu, 14 Mar 2019 21:04:57 GMT

Lufthansa's profits down 4% in 2018

Adjusted EBIT of Lufthansa declined 4% to $3.2B in the fiscal year of 2018, Germany's largest airline announced, due to higher fuel costs and significantly higher expenses caused by flight cancellations and delays.

Thu, 14 Mar 2019 20:37:37 GMT

Fed to announce plan to cease shrinking balance sheet

The US Federal Reserve is set tp announce plans to aimed top shrinking the bond stockpile next week and in June, Pimco, which oversees at least $1.66 trillion in assets, stated.

Thu, 14 Mar 2019 20:35:12 GMT

US considers sanctions to restrict MasterCard, Visa in Venezuela

The United States was considering imposing sanctions that could prohibit MasterCard, Visa and other financial institutions from processing their transactions in Venezuela, an official stated.

Thu, 14 Mar 2019 19:35:15 GMT

Germany's economy grows moderately in Q1

The German economy marked a subdued start in 2019 and probably rose moderately in the Q1, the Economy Ministry stated, warning that the industrial sector was likely to remain weak amid sluggish demand from abroad.

Thu, 14 Mar 2019 19:32:53 GMT

US import prices rise markedly in February

The US import prices grew by the most in the nine-month period in February, though the trend was still weak, with prices falling for the third month in succession on a yearly basis.

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