News

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Wed, 03 Oct 2018 04:56:20 GMT

Exxon considers sale of US Gulf of Mexico assets

American oil giant Exxon Mobil Corp is reviewing its portfolio and considers an opportunity to sell many of its US Gulf of Mexico assets, which currently produces 50,000 barrels of oil.

Wed, 03 Oct 2018 04:25:19 GMT

Pompeo to visit North Korea for new round of nuclear talks

On Tuesday, the US State Department claimed that the US Secretary of State Mike Pompeo will visit North Korea at the end of the week for a new round of denuclearisation talks with the North Korean leader Kim Jong Un.

Wed, 03 Oct 2018 04:21:17 GMT

J. C. Penney appoints new Chief Executive

On Tuesday, American department store chain J. C. Penney appointed Jill Soltau, the former CEO of crafts and fabrics retailer Joann Stores, as the company's new Chief Executive. 

Wed, 03 Oct 2018 03:19:31 GMT

KPMG: UK to toughen financial regulations after Brexit

On Wednesday, KPMG reported that the financial services industry of the UK could become more regulated with measures to protect the clients and defend the stability of its financial system from cyber attacks. 

Wed, 03 Oct 2018 03:06:12 GMT

Canada's $30B LNG project gets green light

On Tuesday, oil giant Royal Dutch Shell and its partners have approved a $30B massive liquefied natural gas export terminal project in Canada with the first fuel shipment expected before 2025.

Wed, 03 Oct 2018 02:37:39 GMT

Steel lobbies of Canada and Mexico urge fix to US tariff dispute

On Tuesday, the steel lobbies of Mexico and Canada urged their governments to resolve the steel imports tariff dispute with the US before signing the new trilateral North American Free Trade Agreement deal.

Wed, 03 Oct 2018 02:32:23 GMT

Hilton plans to double hotels in Africa by 2023

On Tuesday, the Chief Executive Officer of Hilton Worldwide Holdings Chris Nassetta claimed that the company is planning to double the amount of its hotels in African states in the next five years.

Tue, 02 Oct 2018 20:25:58 GMT

Eurotorg plans inevitable London listing

The Belorussian biggest food retailer, Eurotorg, was planning to list the company's shares in London in following weeks, sources familiar with the matter stated, potentially valuing the firm at more than $3B.

Tue, 02 Oct 2018 20:09:32 GMT

Brexit uncertainty strains on Jaguar's EV investment decision

The UK biggest car producer Jaguar Land Rover is expected to make a decision on whether to build electric vehicles in the home market partly amid uncertainty over the final terms of Brexit.

Tue, 02 Oct 2018 19:26:29 GMT

Walmart acquires fashion startup Eloquii

Walmart stated that it set to acquire startup selling plus-sized clothing, Eloquii, for a non-designated amount, as it kept looking for ways to appeal to younger shoppers and differentiate from Amazon.com.

Tue, 02 Oct 2018 19:18:54 GMT

BMW sees rivals interested in cooperation on self-driving vehicles

BMW rivals and ride-hailing firms were considering joining its forces for developing self-driving vehicles, as profits in the auto industry came under growing pressure, a board member stated.

Tue, 02 Oct 2018 18:29:42 GMT

Tencent Music files for US IPO

Tencent Music Entertainment Group filed with regulators to list in the US, under the "TME" symbol, in what could be the largest US IPO by the Chinese firm.

Tue, 02 Oct 2018 18:22:45 GMT

Mongolian CB purchases 14.3t of gold in nine months

The Bank of Mongolia purchased 14.3 tons of gold from individuals and legal entities in the first three quarters of 2018, 378 kg less compared to the last year's same period, the Bank stated.

Tue, 02 Oct 2018 17:31:06 GMT

TomTom shares jump on Peugeot, BMW contract wins

TomTom shares rose 4% on Tuesday after the Dutch navigation firm said that it won new contracts with carmakers Peugeot and BMW.

Tue, 02 Oct 2018 17:24:34 GMT

ECB Villeroy: fiscal policy must not impact monetary policy

Francois Villeroy de Galhau, the ECB policymaker, stated that governments should not anticipate the ECB to let fiscal issues prevail, when it sets the monetary policy, even with financial stability at stake.

Tue, 02 Oct 2018 16:13:16 GMT

UK regulator to investigate Vodafone, EE on data coverage

The UK telecoms regulator stated that it was investigating whether mobile operators Vodafone and EE provided accurate information over the coverage of 3G and 4G mobile networks.

Tue, 02 Oct 2018 16:10:33 GMT

Ireland's tax take stays 0.3% below target

Ireland remained 0.3% or 127M behind the tax revenue goal for 2018 at the September end, limiting the room for a heavier budget package.

Tue, 02 Oct 2018 15:26:13 GMT

Citigroup to grow centre of offshore booking in UAE

Citigroup announced plans to boost the role of the United Arab Emirates as a centre of offshore booking and was working towards a full banking license in Saudis, helping to propel regional expansion.

Tue, 02 Oct 2018 15:17:32 GMT

France's carmaker to create car-sharing service in Washington

PSA, the French carmaker of Peugeot and Citroen, is likely to create a vehicle-sharing service in Washington by the end of October, the company's executive stated.

Tue, 02 Oct 2018 14:39:18 GMT

Emerson Electric to acquire GE's intelligent platforms unit

Emerson Electric, the factory automation equipment producer, has agreed to acquire General Electric's intelligent platforms division, the company stated on Tuesday.

Tue, 02 Oct 2018 14:37:28 GMT

Ubisoft shares rise on report over partnership with Google

On Ttuesday, shares of Ubisoft surged 2.4% to €98.94, after Google stated it had signed a partnership deal with the France's video games developer over video game streaming service testing.

Tue, 02 Oct 2018 13:29:53 GMT

Tesla says Model 3s production reaches 54,2K in Q3

Tesla produced 53,239 Model 3s cars in the Q3 and delivered almost 56K of its vehicles to customers, according to the report published on Tuesday.

Tue, 02 Oct 2018 13:25:03 GMT

Amazon to lift its minimal US wage to $15

On Tuesday, Amazon.com announced it would increase the minimum wage for its US employees to $15/h, starting the next month on the back of labour units' criticism for a pay disparity.

Tue, 02 Oct 2018 11:51:24 GMT

PepsiCo reports better-than-expected Q3 revenue

On Tuesday, PepsiCo reported a 1.5% jump in its Q3 revenue to $16.49B, beating analysts' expectations, driven by new products development and marketing investments for Latin America.

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