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Fed's Harker sees two or three more rate hikes this year
Mon, 21 May 2018 19:54:03 GMT
 
The President of the Federal Reserve Bank of Philadelphia Patrick Harker said raising inflation in the US should result in two or three more hikes by the Fed this year. >>
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Media: French government to absorb €35B of SNCF's debt
Mon, 21 May 2018 19:53:07 GMT
 
The French government is set to absorb around €35B in debt of the state railway operator SNCF amid reforms in the company, the newspaper Les Echos reported on Monday. >>
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US imposes new sanctions on Venezuela
Mon, 21 May 2018 19:17:40 GMT
 
The US President Donald Trump ordered on Monday new sanctions against Venezuela which restrict US citizens from being involved in transactions of its accounts receivables. >>
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Oil strengthens on Monday amid concerns on tighter supply
Mon, 21 May 2018 19:07:28 GMT
 
Oil prices reached new multi-year highs on Monday in response to raising concerns about tighter oil supply from Venezuela and Iran. >>
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HMD Global raises $100M to boost growth
Mon, 21 May 2018 18:21:25 GMT
 
On Monday, CEO of HMD Global Florian Seiche stated that a company which owns exclusive rights to use Nokia brand on cell phones has attracted $100M of investments to boost >>
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Michelle and Barack Obama to produce films and series for Netflix
Mon, 21 May 2018 18:07:21 GMT
 
Netflix stated that the former President of the US Barack Obama and the former First Lady of the US Michelle Obama have signed an agreement with the streaming company to >>
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China plans to scrap birth limits by 2019
Mon, 21 May 2018 17:14:46 GMT
 
China is planning to end the limit imposed on the number of children in each family after decades of one-child policy due to the rapidly aging population and falling birth >>
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Amazon Web Services plans to expand in Latin America
Mon, 21 May 2018 17:08:32 GMT
 
On Monday, Amazon executive claimed that a company is planning to expand its cloud operations service in Latin America after opening Amazon Web Services unit in Buenos Aires. >>
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GE transportation unit to be merged with Wabtec in $11.1B deal
Mon, 21 May 2018 15:51:33 GMT
 
General Electric confirmed that the company was unloading the largest share of the transportation business, which makes engines for trains, to Wabtec Corp in a $11.1B worth deal. >>
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Aston Martin prepares for more growth before possible flotation
Mon, 21 May 2018 15:50:59 GMT
 
Luxury Britain's car producer Aston Martin was still in the black in the March quarter of this year, though the company's pretax profit dropped amid weaker investments and US dollar. >>
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LaSalle Hotel accepts $3.7B cash offer by Blackstone
Mon, 21 May 2018 15:18:13 GMT
 
LaSalle Hotel Properties announced the decision to sell itself to Blackstone Group for $3.7B in cash, rejecting an offer from Pebblebrook Home Trust. >>
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US exports of commodities to China to increase due to trade talks
Mon, 21 May 2018 15:17:27 GMT
 
China promised to purchase more US-made goods to diminish American trade deficit and support the avoidance a trade war between the countries. >>
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Pompeo: US to apply tough sanctions against Iran
Mon, 21 May 2018 14:20:59 GMT
 
On Monday, the US State Secretary Mike Pompeo stated that Washington would introduce the "toughest sanctions in history" against Tehran, following the US drop out of the Iran nuclear deal. >>
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Blackstone plans purchase of LaSalle Hotel in $3.7B deal
Mon, 21 May 2018 14:09:13 GMT
 
Blackstone Group, the US private equity firm, announced on Monday it would acquire LaSalle Hotel Properties, the US hotel owner, in a deal valued at $3.7B. >>
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Grab to tie-up with Malaysia's Maybank over mobile wallet
Mon, 21 May 2018 13:33:04 GMT
 
The ride-hailing service Grab is set to cooperate with Malaysia's largest bank Malayan Banking (Maybank), as it seeks to adopt its mobile wallet called GrabPay in the country. >>
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