News

Thu, 07 Feb 2019 13:22:44 GMT

France's Total cannot decide on Denmark's Eneco bid

Total, the French gas and oil major, is undecided on whether to make a bid for the Dutch energy firm Eneco, the company's CEO Patrick Pouyanne stated on Thursday.

Thu, 07 Feb 2019 13:15:42 GMT

BB&T to acquire SunTrust for $28B

BB&T is set to acquire SunTrust Banks in the largest bank all-stock deal since 2009 worth about $28B, both companies announced on Thursday, establishing the sixth biggest lender in the US.

Thu, 07 Feb 2019 12:39:17 GMT

Amazon modifies Indian business structure to lure big seller

Amazon.com reported on Thursday that one of its largest sellers on the company's Indian website had returned, following the retail giant's modifications of its business structure, aimed to comply with new e-commerce rules.

Thu, 07 Feb 2019 12:34:51 GMT

Bosch, Fiat Chrysler agree on paying $66M in diesel fees

Robert Bosch and Fiat Chrysler Automobiles agreed to pay $66M in costs and fees to lawyers, who are representing owners of the US diesel cars, according to a court filing reviewed on Wednesday.

Thu, 07 Feb 2019 11:02:47 GMT

Global stocks decline on Thursday

During the Thursday's trading session global stock markets declined. The decline was mostly attributed to the surge of the value of the US Dollar, which decreased the valuation of other assets.

Thu, 07 Feb 2019 11:02:24 GMT

Theresa May visits Brussels

Although on Wednesday the heads of the EU announced that there will be no renegotiations of the already made Brexit deal, Theresa May went to Brussels on Thursday to plead for a change in the deal.

Thu, 07 Feb 2019 10:39:15 GMT

Volvo Cars posts fall in 2018 profit margins

China's Volvo cars reported a drop in the last year's profit margins due to a dispute between the US and China, which caused an increase in the carmaker's costs.

Thu, 07 Feb 2019 10:10:47 GMT

Italy plans Huawei banning from 5G networks

Italy is set to ban the Chinese tech giants, ZTE and Huawei Technologies, from participation in building the 5G networks in the country, the Italian newspaper La Stampa reported on Thursday.

Thu, 07 Feb 2019 08:36:59 GMT

Thomas Cook seeks airline business sale

On Thursday, Thomas Cook, the travel group, stated it was eager to sell the company's airline business, seeking to raise cash and fight back to the tough 2018.

Thu, 07 Feb 2019 08:26:43 GMT

GM's plan for Cruise head indicates IPO

On Wednesday, General Motors revealed its incentive plan for the self-driving car unit Cruise CEO, Dan Ammann, which points to the company's potential initial public offering.

Thu, 07 Feb 2019 07:35:22 GMT

Oil prices drop amid US data

Crude oil prices decreased by 19 cents or 0.4% on Thursday morning, reaching $53.82 per barrel, amid report of the Energy Information Administration that recorded growth of the US inventories by 1.3M barrels.

Thu, 07 Feb 2019 07:30:48 GMT

National Australia Bank's CEO Thorburn to resign

The National Australia Bank stated on Thursday that its Chairman Ken Henry and CEO Andrew Thorburn would leave their posts amid financial misconduct that has been established during an investigation by the Royal Commission.

Thu, 07 Feb 2019 06:37:19 GMT

Volvo Cars faces margin pressure amid US-China trade war

Volvo Cars posted higher full-year revenue, though the company stated that its profit margins slipped and were anticipated to remain under pressure in 2019.

Thu, 07 Feb 2019 06:32:38 GMT

Spotify reports first operating profit

Spotify reported the company's first ever operating profit in the quarter, supported by strong gross margin and weaker-than-expected headcount growth, though it anticipated a loss this year.

Wed, 06 Feb 2019 20:51:31 GMT

France, Germany sign first deals on future warplanes

On Wednesday, Germany and France announced a $74M contract, which the countries had financed equally within two years, in its first deal for the future joint programme to construct the next-generation combat plane system.

Wed, 06 Feb 2019 20:51:23 GMT

UBS receives approval to move $36.44B assets from UK

The London court has granted an approval on Wednesday to the Swiss largest bank UBS for moving up to $36.44B of assets to Germany from Britain, in a move to keep its business in the EU after Brexit.

Wed, 06 Feb 2019 19:50:48 GMT

EQT plans $1.0B stake sale in Stockholm IPO

Sweden's EQT is eager to launch an initial public offering in Stockholm in its Q2, seeking to attract around $1.0B, sources familiar with the matter said on Wednesday.

Wed, 06 Feb 2019 19:50:39 GMT

Elliott funds ready to extend $75M financing to Avianca

The funds owned by Elliott Management, the activist investor, agreed to take part in capitalisation worth $75M of the bankrupt carrier Avianca Brasil, Reuters reported on Wednesday.

Wed, 06 Feb 2019 18:41:21 GMT

Donald Tusk comments on Brexit

On Wednesday, the President of the EU Council Donald Tusk announced that the EU will not make a new Brexit offer to the United Kingdom. Moreover, the President commented that the promoters of Brexit, who did not create a specific exit plan, deserve a place in hell.

Wed, 06 Feb 2019 18:41:12 GMT

Juncker comments on Brexit

The President of the European Commission Jean-Claude Juncker announced on Wednesday that there will be no Brexit deal renegotiations.

Wed, 06 Feb 2019 17:52:25 GMT

France joins Germany in call for antitrust law changes

As the Siemens and Alstom plan to create a new European rail giant was stopped by EU antitrust laws, Germany and France both called for a change of the laws.

Wed, 06 Feb 2019 17:52:16 GMT

Germany will seek to change EU antitrust law in 2020

A German government source revealed to Reuters on Wednesday that the German government will seek to change EU competition laws in the second half of 2020. This would allow the creation of the recently discussed Siemens and Alstom European rail plan.

Wed, 06 Feb 2019 16:53:27 GMT

Canada's Nutrien to acquire Actagro in $340M deal

Nutrien, Canada's farm and fertiliser supply dealer, announced it would take over the privately-owned maker of plant and soil health products, Actagro LLC, in a deal worth $340M.

Wed, 06 Feb 2019 16:53:20 GMT

Uniper to launch fresh talks with Fortum over tie-up

Uniper, Germany's energy group, is set to launch fresh talks with its major shareholder Fortum over the future cooperation between the companies, seeking to break the impasse, which caused frustration for the firm.

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