News

Sat, 19 Jan 2019 12:41:46 GMT

Casino will sell stores to Leclerc

On Saturday, in France the supermarket retailer Casino announced that it will sell six of its shops to its rival company Leclerc.

Sat, 19 Jan 2019 11:40:45 GMT

Mexico will crackdown on fuel theft

After 21 people died in a pipeline blast the President of Mexico announced that there will be efforts set up to stop fuel theft.

Sat, 19 Jan 2019 11:40:33 GMT

EU might unlock Brexit talks

The Agriculture Minister of the European Union on Saturday revealed that Brexit talks could resume, if the UK would promise to leave the EU customs union.

Sat, 19 Jan 2019 10:53:17 GMT

Philippine firm flags data breach

A Philippine financial services provider Cebuana Lhuillier on Saturday announced that the information of nearly 900,000 clients has been breached and an investigation has begun.

Sat, 19 Jan 2019 10:52:41 GMT

Former UK PM advises Theresa May

Former Prime Minister of the United Kingdom John Major on Saturday advised Theresa May to drop all the red lines that she has set on Brexit to avoid a no-deal departure.

Sat, 19 Jan 2019 10:22:34 GMT

Vegetable oil prices will rise

On Saturday, Reuters republished a report by an analyst, which claims that the price of various vegetable oils is set to rise up to $50 to $100 per metric tonne.

Sat, 19 Jan 2019 10:22:07 GMT

Malaysian court ruling favours Wynn Macau

On Friday, a court in Malaysia ruled in the favour of the casino Wynn Macau in a $4.2 billion case versus a fund manager that owns the money to the casino.

Sat, 19 Jan 2019 09:23:01 GMT

Bank of Italy expects growth slowdown this year

The Italian economy is likely tgrow less than anticipated in 2019, while production activities were still weak throughout the Q4 of 2018, the Bank of Italy stated.

Sat, 19 Jan 2019 09:20:41 GMT

Cyprus tourism grows 7.8% in 2018

Tourism, the engine that drives the country's economic growth, went up 7.8% percent in 2018, according to the report by the Cystat.

Sat, 19 Jan 2019 08:37:01 GMT

Union to Shell: no automatic extension of contract

Negotiators for the USW rejected a proposal by Royal Dutch Shell for the national refinery workers' contract's automatic extension beyond the February 1 expiration date.

Sat, 19 Jan 2019 08:34:19 GMT

Peugeot, Citroen cars recalled in China

More than 9.3K cars under the Peugeot and Citroen brands are expected to be recalled in China starting on January 25 due to brake problems.

Sat, 19 Jan 2019 06:30:44 GMT

Canada's annual inflation at 2% in December

The overall rate of Canadian inflation picked up strongly to 2% in December, providing some respite to the Central Bank that was criticised for being too hawkish with the monetary policy.

Sat, 19 Jan 2019 06:26:55 GMT

US Treasury finalises tax reulations over pass-through businesses

The US Treasury released final rules for up to 20% tax deduction for the US businesses organised as pass-through entities, under Donald Trump's 2017 overhaul of the country's tax system.

Sat, 19 Jan 2019 04:05:40 GMT

The RealReal in talks with investment banks over IPO

The US online reseller The RealReal was talking to investment banks over the possibility of an IPO later this year, sources familiar with the matter stated.

Sat, 19 Jan 2019 03:57:23 GMT

Fed's Brainard sees negative risks for economy

The Fed Governor Lael Brainard was the latest US central banker to worry publicly over rising risks for the country's economy, suggesting to embrace a pause over hiking interest rates.

Sat, 19 Jan 2019 03:35:46 GMT

ArcelorMittal to build plant in Brazil

ArcelorMitta, the world's biggest steelmaker, is set to build the company's first-ever desalination plant in Brazil to handle water needs at the unit in the eastern state of Espírito Santo,.

Sat, 19 Jan 2019 03:31:27 GMT

US consumer sentiment lowest in two years

The US consumer sentiment dropped in early January to the lowest level in two years, as a partial shutdown of the government and financial market volatility raised fears of a deceleration in the country's economic growth.

Fri, 18 Jan 2019 21:36:05 GMT

Goldman, BlackRock to transfer fund managers to US

Goldman Sachs Asset Management and BlackRock are considering to temporarily move some of its British fund managers to the United States, in case of no-deal Brexit, Reuters reported on Friday.

Fri, 18 Jan 2019 21:28:19 GMT

Schlumberger to halt Russia's EDC bid if no approvals met

On Friday, Schlumberger stated it would abandon its application of a stake purchase in the Russian Eurasia Drilling Company, if no approvals were met soon.

Fri, 18 Jan 2019 20:38:54 GMT

Siemens-Alstom rail merger deal faces veto

Alstom and Siemens' plan to establish Franco-German rail champion is likely to face a veto from the EU antitrust regulators, as it would hurt competition in the railway industry in Europe.

Fri, 18 Jan 2019 20:35:33 GMT

Amundi acquires rest of fintech Anatec

Amundi, the French asset manager, acquired the remaining 51% stake in the financial technology company Anatec, it announced on Friday.

Fri, 18 Jan 2019 19:30:20 GMT

UK regulator delays verdict on Asda-Sainsbury's deal

British regulator announced on Friday its verdict on the supermarket operator Sainsbury's takeover of Walmart's Asda would be postponed until April 30 from early March.

Fri, 18 Jan 2019 19:26:33 GMT

Bombardier pledges to solve Swiss train issues

Bombardier is on track to solve the problems with its double-decker passenger trains, after trains' buyer Swiss Federal Railways drawn criticism over their reliability, Bombardier's Swiss country chief assured on Friday.

Fri, 18 Jan 2019 17:52:54 GMT

China suggests to ramp up US imports

China offered to go on a six-year buying spree to ramp up the US imports, aiming to reconfigure the relation between the countries, sources familiar with the matter said.

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