News

Note: This section contains information in English only.
Tue, 16 Oct 2018 13:44:37 GMT

JD Sports' Small to step down as CFO

The UK sportswear retailer JD Sports announced on Tuesday that its Chief Financial Officer Brian Small would retire from his role after nearly 15 years serving at this position.

Tue, 16 Oct 2018 13:37:14 GMT

Audi fined €800M for diesel violations

Volkswagen's luxury car brand Audi has been fined €800M on Tuesday over diesel violations regarding their six- to eight-cylinder engines that did not comply with anti-pollution standard.

Tue, 16 Oct 2018 13:30:43 GMT

Wells Fargo to move EU services to Paris amid Brexit

Wells Fargo has applied for the investment company licence in Paris due to the Brexit plan, as it seeks to shift its EU hub to out of London.

Tue, 16 Oct 2018 12:13:43 GMT

Quarterly profit of Goldman Sachs rises by 20.5%

On Tuesday, Goldman Sachs reported that its quarterly profit has increased by 20.5% because of the growth with net earnings growing to $2.45B or $6.28 per share.

Tue, 16 Oct 2018 12:08:15 GMT

Uber receives proposals valuing company at $120B

On Tuesday, Uber Inc received proposals from the Wall Street investment banks that the possible initial public offering of the ride-handling company could be valued at $120B.

Tue, 16 Oct 2018 10:50:22 GMT

BlackRock profit surges nearly 29% on low risk fund demand

On Tuesday, BlackRock posted a 28.8% surge in its profit, driven by a high demand for the low risk funds and marked by the escalating tensions between the US and China.

Tue, 16 Oct 2018 10:41:55 GMT

BMW, Daimler proposes concessions to weaken EU concerns over deal

Germany's luxury automakers BMW and Daimler have proposed to ease the European Commission's antitrust concerns over their car-sharing business merger deal.

Tue, 16 Oct 2018 10:30:44 GMT

Banking sector dumps Saudi conference

On Tuesday, even more banking officials pulled out of the planned high profile meeting in Saudi Arabia. Namely, HSBC, Credit Suisse and Standard Chartered executives have refused to attend.

Tue, 16 Oct 2018 10:29:48 GMT

Elon Musk announces new chip

On Tuesday, the CEO of Tesla announced a new chip, which will improve autopilot features of Tesla cars.

Tue, 16 Oct 2018 09:36:47 GMT

Japan's Idemitsu completes deal to acquire Showa Shell

On Tuesday, Idemitsu Kosan, Japan's oil refiner has completed its deal to take over Showa Shell Sekiyu via share swap for around $5.6B.

Tue, 16 Oct 2018 09:14:13 GMT

Deutsche Telekom CEO expects EU approval for Tele2 deal

Deutsche Telekom's CEO stated on Tuesday he was optimistic about the European Union to grant its antitrust approval to acquire the Tele2 Dutch business that should help the firms compete with larger rivals.

Tue, 16 Oct 2018 08:09:39 GMT

Brazil's Kroton eyes possibilities for more acquisitions

On Monday, the CEO of the Brazilian education company Kroton Educacional SA, Rodrigo Galindo, stated he saw a room for more takeovers, after signing a series of acquisition deals.

Tue, 16 Oct 2018 07:57:50 GMT

Amazon plans acquisition of 7-8% stake in Future Retail

Amazon.com is planning to take up to 8% stake in the Indian firm Future Retail through an investment unit, according to CNBC-TV 18.

Tue, 16 Oct 2018 07:18:38 GMT

Clessidra picks Rothschild in search of minority partner

Clessidra, the private equity group and the Roberto Cavalli brand's owner, has hired Rothschild, as it seeks to find a minority partner for the Cavalli fashion group to boost fund growth.

Tue, 16 Oct 2018 07:14:01 GMT

Ambea to acquire Aleris' care business in $334.9M

On Tuesday, Sweden's Ambea stated on Tuesday it would acquire the Nordic care operations of its rival Aleris, primarily assisted living and nursing homes in Denmark, Norway and Sweden for about $334.9M.

Tue, 16 Oct 2018 06:38:36 GMT

VW head sees only 50% chance for German automakers to stay ahead

Volkswagen's CEO Herbert Diess stated on Tuesday that the German automakers only had a 50% chance to survive as leaders in the car industry, in case they did not comply with new regulations.

Tue, 16 Oct 2018 06:34:36 GMT

TomTom tops estimates on Q3 core earnings

On Tuesday, the Dutch digital maps maker TomTom reported higher-than-expected Q3 core earnings of €62.4M, compared to the previous year's €35.5M reading.

Tue, 16 Oct 2018 04:41:47 GMT

Ford reveals new car for China

On Tuesday, Ford Motor Company revealed a new sport utility vehicle designed for the Chinese market. It is the first step in the company's efforts to turn around declining sales in the region.

Tue, 16 Oct 2018 04:41:27 GMT

Stock prices increase in Asia

On Tuesday, during the Asian session stock prices surged after experiencing heavy losses for a week.

Tue, 16 Oct 2018 04:31:05 GMT

OnDeck launches lending subsidiary

OnDeck Capital have created a subsidiary, which will provide services and technology to banks that want to lend money online.

Tue, 16 Oct 2018 04:30:36 GMT

Oil prices surge on Tuesday

On Tuesday, crude oil prices increased as rumours spread that Iranian oil exports have continued to decrease.

Tue, 16 Oct 2018 03:06:37 GMT

HSBC UK Pension Scheme to make investment in solar and wind

The UK Pension Scheme of the HSBC is set to invest $328M in Britain's renewable energy infrastructure, namely wind farms and solar plants, the firm stated on Tuesday.

Tue, 16 Oct 2018 03:03:48 GMT

Portugal government pledges lower budget gap next year

Portugal's Socialist government pledged in the 2019 election-year budget to reach the lowest deficit, while increasing civil servants and helping families with costs of transport.

Tue, 16 Oct 2018 02:40:07 GMT

Chinese factory-gate inflation growth cools in September

The Chinese factory-gate inflation growth weakened for a third month in succession in September due to ebbing domestic demand, indicating more pressure on the economy, as it is still locked in a trade war with the US.

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