News

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.

Thu, 14 Mar 2019 18:35:57 GMT

US new home sales decline more than anticipated in January

Sales of new single-family homes in the US fell more than anticipated in January, suggesting that a weakness in the property market persisted early in the Q1.

Thu, 14 Mar 2019 18:33:31 GMT

BMW, Daimler seek savings of $7.91B from shared platforms

Daimler and BMW were in talks to cooperate in car platforms' development for electric vehicles in a step, which could save carmakers at least $7.91B.

Thu, 14 Mar 2019 16:51:18 GMT

GE sees 2019 profit below expectations

General Electric stated on Thursday it forecast the 2019 profits to fall below analysts' expectations amid the restructuring spendings, sending its shares down 2% in premarket trading.

Thu, 14 Mar 2019 16:51:10 GMT

Tesla appoints Kirkhorn as Chief Executive

On Thursday, Tesla stated it had named Zachary Kirkhorn as the company's new Chief Financial Officer and as a successor to Deepak Ahuja.

Thu, 14 Mar 2019 15:51:46 GMT

Crispian has no plans for Nornickel stake sale

Roman Abramovich's firm Crispian did not plan any further sale of the mining titan Norilsk Nickel, according to the Interfax, following his $551M shares sale earlier that month.

Thu, 14 Mar 2019 15:51:28 GMT

Mubadala delays business deals with Goldman Sachs

Mubadala, Abu Dhabi's state investor, suspended new business deals with Goldman Sachs, after its subsidiary had filed a suit against the US lender and others, seeking to recover its losses after dealing with Malaysia's 1MDB.

Thu, 14 Mar 2019 14:54:31 GMT

Blue Air to rule on Boeing 737 MAX jet order

The Romanian carrier Blue Air will make a decision on the eight Boeing 737 MAX aircraft order only after a probe into the jet fatal crash that took place in Ethiopia is over.

Thu, 14 Mar 2019 14:51:56 GMT

VTB to move its Evrofinance stake to Russian state

The Russian state bank VTB is set to transfer its 25% stake in the Russia-Venezuela's lender Evrofinance Mosnarbank to Russia's stake for free, the bank's CEO Andrei Kostin stated on Thursday.

Thu, 14 Mar 2019 14:30:56 GMT

Dollar General sees 2019 profit below estimates

On Thursday, Dollar General said it was expecting the 2019 profit to miss analysts' forecasts, as it could be hit by higher store spending, the news that sent the discount retailer's shares down over 7%.

Thu, 14 Mar 2019 14:15:08 GMT

US initial jobless claims rise 6K last week

The number of applications for US unemployment benefits climbed 6K to 229K in the week ending March 9, beating analysts' anticipations of a 225K surge from the previous 223K reading.

Thu, 14 Mar 2019 13:38:49 GMT

Equitrans Midstream's unit to acquire gas pipeline assets

On Thursday, a unit of Equitrans Midstream, the US pipeline operator, signed a $1.03B agreement to gain control over two pipelines, which connect the Utica and Marcellus shale basins.

Thu, 14 Mar 2019 13:30:08 GMT

UK's Debenhams to explore Sports Direct offer

Debenhams is set to explore a $199M loan offer made by Sports Direct's shareholder Mike Ashley, but is unsure the deal would take place, the company stated on Thursday.

Thu, 14 Mar 2019 12:39:43 GMT

Facebook faces second day of global outage

On Thursday, Facebook struggled restoring its services fully after a global outage that hit on Wednesday, including the company's other services, such as Messenger, WhatsApp and Instagram.

Thu, 14 Mar 2019 12:31:24 GMT

Audi reviews stake increase in China JV

On Thursday, Audi's chief in China Alexander Seitz stated the premium car brand was exploring whether to increase its stake in the company's China joint venture, estimating to make a decision till this year-end.

Thu, 14 Mar 2019 11:12:58 GMT

Lufthansa announces quarterly results

Lufthansa announced on Thursday the company's quarterly results. The airline has experienced an eleven percent decline in operating profits during the fourth quarter of last year.

Thu, 14 Mar 2019 11:12:32 GMT

British Finance Minister comments on Brexit

On Thursday, the Finance Minister of the United Kingdom announced that the EU might demand a long delay in Brexit, if the UK asks for an extension. An extension of that kind could reverse the Brexit process.

Thu, 14 Mar 2019 10:10:23 GMT

UBS's HK IPO sponsor licence suspended for year

The securities regulator of Hong Kong has imposed a ban on UBS on Thursday on sponsoring IPOs in the country for at least one year, as the group failed as a sponsor for three listings.

Thu, 14 Mar 2019 10:01:46 GMT

China, Russia to take 10% in Intergeo

On Thursday, Russia's sovereign wealth fund RDIF said it had cooperated with Middle East's sovereign wealth fund and the Russia-China Investment fund to buy a 9.53% in the Russian mining firm Intergeo.

Thu, 14 Mar 2019 09:38:35 GMT

Network International prepares for London IPO

The biggest payments processor in Africa and the Middle East, Network International, is getting ready for its initial public offering on the LSE, seeking for a $3.0B value, it announced on Thursday.

Thu, 14 Mar 2019 09:34:42 GMT

PSA's Opel to revive Russia production in Q4

On Thursday, French automaker PSA Group's Opel stated it would renew its production at the Russian factory in Kaluga in the Q4, following its withdrawal from Russia's market in 2015.

Thu, 14 Mar 2019 08:38:14 GMT

AVID Property makes offer for Villa World

On Thursday, Villa World, the Australian property developer, stated it received a A$279.1M conditional takeover proposal from the US group AVID Property Australia, which offered a A$2.23 per company's share.

Thu, 14 Mar 2019 08:34:18 GMT

Petrobras relaunches bidding for TAG

The Brazilian state-controlled oil group Petroleo Brasileiro revive the process that allow new takeover bids for the pipeline network TAG, according to sources with a knowledge of the situation.

Thu, 14 Mar 2019 07:25:42 GMT

Abramovich cuts his $551M stake in Nornickel

Russia;s billionaire Roman Abramovich cut a stake in the mining titan Norilsk Nickel by selling his shares worth $551M during an ABB deal, VTB Capital reported.

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