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China to blacklist two US firms
Sat, 13 Jul 2019 10:06:19 GMT
 
The Foreign Ministry of China stated on Friday that it would impose sanctions on the US General Dynamics Corporation and Raytheon for arms sale to the Taiwanese government. >>
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Trump suspends Obama's fuel efficiency regulation
Sat, 13 Jul 2019 09:12:48 GMT
 
On Friday, the Trump administration has issued a rule that would suspend Obama's regulation that substantially increased fines for car producers that failed to meet fuel efficiency criteria. >>
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Ferrari to recall vehicles in China amid defective airbags
Sat, 13 Jul 2019 08:02:58 GMT
 
Ferrari is set to recall 200 imported cars in China amid faulty unit of electronic control on these cars, which may result in air bag malfunction, causing safety hazards, the >>
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US FTC approve $5B Facebook settlement on privacy issues
Sat, 13 Jul 2019 07:32:41 GMT
 
The Federal Trade Commission of the US approved a roughly $5B settlement with Facebook this week on the investigation into the company's handling of data of users, a source familiar >>
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E.ON likely to win EU antitrust approval for Innogy deal
Sat, 13 Jul 2019 05:45:51 GMT
 
E.ON is set to win the EU antitrust permission to acquire its rival Innogy's retail and network assets, in a deal that might transform the German firm into the European >>
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China's Fosun set to rescue Britain's Thomas Cook
Sat, 13 Jul 2019 05:11:27 GMT
 
Thomas Cook is discussing £750M worth rescue that will grant its largest investor Fosun Tourism full control of the debt-laden British company's package-tour business. >>
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India seeks to attract $47B from sales of state firms' stakes
Sat, 13 Jul 2019 04:16:43 GMT
 
India's government is planning to raise $47.4B over the five years by selling about 40% stakes in big state-owned companies, Reuters reported citing senior government officials, in the country's largest >>
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AB InBev Asia scraps world's biggest 2019 IPO
Sat, 13 Jul 2019 02:46:36 GMT
 
On Friday, Anheuser-Busch InBev announced it had cancelled the Hong Kong planned initial public offering of Budweiser Brewing Company, the group's Asia Pacific unit, which deemed to be the world's >>
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Galeries Lafayette takes controlling stake in Mauboussin
Sat, 13 Jul 2019 02:26:18 GMT
 
On Friday, France's Galeries Lafayette stated it had tied up with Alain Nemarq, the chairman of Mauboussin, to acquire the majority stake of the jeweller, not disclosing the financial terms >>
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Volkswagen and Ford extend multibillion dollar alliance
Fri, 12 Jul 2019 20:02:09 GMT
 
Volkswagen AG and Ford Motor announced on Friday that they would spend billions of the US Dollars to jointly produce self-driving and electric vehicles. >>
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Thomas Cook to give China's Fosun minority stake
Fri, 12 Jul 2019 19:04:26 GMT
 
Thomas Cook is planning a $941 million rescue, that would give China's Fosun Tourism a minority stake in Thomas Cook's airline business. >>
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BOA appoints Pauli as head of equity capital markets
Fri, 12 Jul 2019 18:00:52 GMT
 
On Friday, Bank of America announced the appointment of Thorsten Pauli as the head of equity capital markets in Switzerland, Austria and Germany. >>
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Mexico's President Obrador sees no threat of recession
Fri, 12 Jul 2019 17:02:35 GMT
 
On Friday, The President of Mexico Andres Manuel Lopez Obrador stated that he doesn't see any threat to Mexico's economy, as he brushed aside recession concerns. >>
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Dow and S&P 500 hit record high
Fri, 12 Jul 2019 15:59:28 GMT
 
The Dow Jones Industrial Average and the S&P 500 hit a record high on Friday after the US Federal Reserve's Chairman Jerome Powell remarks raised hopes on the interest rate >>
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US Labour Secretary resigns
Fri, 12 Jul 2019 15:10:20 GMT
 
On Friday, the US President Donald Trump announced that labour secretary Alex Acosta has resigned amid a furore over a plea deal with Jeffrey Epstein. >>
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