News

Wed, 06 Mar 2019 21:16:40 GMT

India to export $75B in gems, jewellery

India plans to export $75B in gems and jewellery by the year 2025, the Union Minister for Commerce and Industry Suresh Prabhu says.

Wed, 06 Mar 2019 21:15:57 GMT

BB&T to return $5M to investors

BB&T Securities agreed to return $5M to investors as the company misled clients about the cost of services, the US Securities and Exchange Commission reports.

Wed, 06 Mar 2019 20:34:32 GMT

Vietnam motorbike imports increase

Vietnam has imported $114M of motorbikes and their components in the first two months of 2019, an increase of 41.5% compared to 2018, the Ministry of Industry and Trade reports.

Wed, 06 Mar 2019 20:34:24 GMT

Number of road passengers rises in North Macedonia

The number of road passengers in North Macedonia increased 12.4% in the fourth quarter of 2018, compared to 2017, the State Statistical Office reports.

Wed, 06 Mar 2019 18:53:42 GMT

Vietnam e-commerce expands

The e-commerce sector in Vietnam reached $2.26B in 2018, an increase of 30% compared to the prior year, the German market research company Statista reports.

Wed, 06 Mar 2019 18:52:50 GMT

US trade deficit reaches 10-year high

The US trade deficit reached $621B in 2018, the highest level in ten years, data released by the US Department of Commerce shows.

Wed, 06 Mar 2019 18:27:58 GMT

Chinese e-commerce platform files for US IPO

The Chinese e-commerce platform Ruhnn Holding plans to raise up to $200M in an IPO, the US Securities and Exchange Commission data shows.

Wed, 06 Mar 2019 18:27:21 GMT

Iran non-oil trade reaches $29.63B

Iran's non-oil trade with the members of the Organization of Islamic Cooperation reached $29.63B in the first ten months of the fiscal year, the government reports.

Wed, 06 Mar 2019 17:28:22 GMT

US trade deficit at ten-year high in 2018

The US trade deficit increased to $621B in the year of 2018, the highest level in a decade, data released on Wednesday by the US Commerce Department revealed.

Wed, 06 Mar 2019 17:26:11 GMT

OECD cuts global growth forecast for this year

The OECD stated that the anticipated weak economic performance, notably in the EZ, coupled with protectionism risks, is likely to weigh on global growth in 2-19 and 2020.

Wed, 06 Mar 2019 15:59:25 GMT

Atlanta Fed: US GDP growth view up to 0.5% in Q1

The US economy was growing at a 0.5% annualised rate in the March quarter, based on the recent monthly data over government spending, the Atlanta Fed's GDPNow forecast model revealed.

Wed, 06 Mar 2019 15:53:54 GMT

US sanctions prevent VW from buying stake in GAZ

Volkswagen was unable to buy the stake in Russia's automaker GAZ, as the company is under the US sanctions and negotiates over a deal that has been suspended, the RIA news agency reported.

Wed, 06 Mar 2019 15:34:38 GMT

Sprint-T-Mobile deal hearing to take place on March 12

The US House lawmakers are set to hold a hearing on March 12 to review the proposed $26M merger deal between Sprint Corp and T-Mobile US, the Congress announced on Wednesday.

Wed, 06 Mar 2019 15:29:57 GMT

China online retailers cut iPhone prices again

China's online retailers have slashed prices on Apple's iPhones for another time during the current year, as the US tech giant struggles with a prolonged slowdown in its Chinese sales.

Wed, 06 Mar 2019 14:32:29 GMT

Delta considers replacing 200 jets within decade

Delta Air Lines' CEO Ed Bastian stated the company was considering a replacement of about 200 Boeing 767 and 757 aircraft within the next ten years, fuelling the planemakers' appetite.

Wed, 06 Mar 2019 14:18:25 GMT

Ford to review Russia's business plans this year

The industry ministry of Russia is expecting for decisions made by Ford Motors by this year-end, stemming from the revised Russia business plan, related to two plants shutdowns on the back of the carmaker's global restructuring.

Wed, 06 Mar 2019 13:39:27 GMT

Aon considers bidding for rival WTW

Aon Plc is considering a possible offer to acquire its competitor Willis Towers Watson, the insurance brokerage in a potential all-stock transaction.

Wed, 06 Mar 2019 12:33:32 GMT

SOCO has no plans for Ophir Energy

SOCO International, the gas and oil producer, stated on Wednesday it had no plans to bid for Ophir Energy, following the initial all-share offer had been rejected by Ophir.

Wed, 06 Mar 2019 11:39:03 GMT

Ascom investor urges group to explore sale

Veraison, Ascom's largest shareholder, called on the Swiss communications equipment group to explore a sale as one of the options, as the company is failing to fulfil its potential in the sector of a health care.

Wed, 06 Mar 2019 11:36:04 GMT

Melrose plans WPG sale for £200M

On Wednesday, Melrose Industries announced it would sell Walterscheid Powertrain Group, the off-highway powertrain applications unit, to the private equity company One Equity Partners in a deal worth £200M.

Wed, 06 Mar 2019 10:13:48 GMT

Provident Financial maps out its units growth plan

On Wednesday, Britain's Provident Financial announced it had outlined an enhance and growth performance plan across its divisions after the lender rejected its rival Non-Standard Finance's takeover bid.

Wed, 06 Mar 2019 10:07:00 GMT

Assa Abloy to acquire 54% stake in agta record

Sweden's Assa Abloy announced on Wednesday it would acquire an extra 54% stake in the Swiss entrance system company agta record in a deal valued at $567.26M.

Wed, 06 Mar 2019 08:54:28 GMT

AirAsia has no plans to buy rival Nok Air shares

On Wednesday, the Thai carrier AirAsia stated it was not planning to acquire shares of its rival Nok Airlines, tumbling Nok's shares as much as 12% in the morning trading session.

Wed, 06 Mar 2019 08:50:06 GMT

Japan's Mizuho cuts annual profit outlook by 86%

Japanese Mizuho Financial Group trimmed its annual profit outlook by 86% due to the company's one-time restructuring costs worth $6.0B at its brokerage and bank units, as well as securities portfolio overhaul.

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