News

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Sat, 22 Sep 2018 01:54:34 GMT

Mexico to pursue trade deal with Canada if NAFTA talks fail

On Friday, the president-elect of Mexico Andres Manuel Lopez Obrador claimed that Mexico will pursue a trade agreement with Canada if NAFTA talks fail.

Fri, 21 Sep 2018 20:17:54 GMT

FT: Invesco to acquie OppenheimerFunds from MassMutual

Financial Times reported on Friday that Invesco is planning an acquisition of OppenheimerFunds from MassMutual, a unit that has around $250M in assets, according to the report.

Fri, 21 Sep 2018 20:14:34 GMT

Sempra Energy plans sale of US solar assets

Sempra Energy has signed an agreement over selling its non-utility US operating solar assets, a wind facility and battery and solar storage development projects to Consolidated Edison in an all-cash deal worth $1.54B.

Fri, 21 Sep 2018 19:14:22 GMT

Italy arrests ex-Deutsche Bank trader over Euribor probe

On Friday, a Serious Fraud office of the UK reported that Italian prosecutors have arrested the former trader of the Deutsche Bank Andreas Hauschild over the manipulation with Euribor benchmark.

Fri, 21 Sep 2018 19:05:59 GMT

Advisor: US close to Mexico-only NAFTA agreement

On Friday, the economic advisor of the White House Kevin Hassett claimed that the US is getting very close to signing North American Free Trade Agreement with Mexico without Canada.

Fri, 21 Sep 2018 18:24:41 GMT

OPEC considers oil output boost because Iran's supply falls

OPEC and other major oil producers are considering an option to boost oil output by 500000 barrels per day because of the falling oil supply from Iran under the US sanctions.

Fri, 21 Sep 2018 18:21:04 GMT

EU Tusk: compromise with UK over Brexit is still possible

On Friday, the President of the European Council Donald Tusk claimed that a compromise regarding a withdrawal of the UK from the EU between London and Brussels is still possible.

Fri, 21 Sep 2018 17:26:18 GMT

Italy's Deputy PM: budget must focus on people

On Friday, the Deputy Prime Minister of Italy Luigi Di Maio claimed that the new government's budget for 2019 must be focused on Italian people but not on the budget deficit numbers.

Fri, 21 Sep 2018 17:22:23 GMT

White House has no plans to discuss recent tariffs with China

On Wednesday, a Senior White House official claimed that the President's Administration is assessing the response of China to the newly implemented tariffs and has no plans to discuss it with China in the nearest time.

Fri, 21 Sep 2018 16:18:52 GMT

US Manufacturing PMI at 55.6 in September

IHS Markit reported that the US Manufacturing PMI reached 55.6 in the month of September, the highest level since May, compared with the Index of 54.7 registered in August.

Fri, 21 Sep 2018 16:11:04 GMT

Toshiba, Micron chips in new iPhones

Apple's latest iPhones showed chips from Toshiba and Micron Technology among others in the devices, while Samsung was not mentioned, gadget repair company iFixit stated.

Fri, 21 Sep 2018 15:15:39 GMT

Canada inflation still above target in August

The Canadian inflation rate dipped to 2.8% in August, though remained above the Bank of Canada's target for the seventh month in succession, boosting forecasts that the Bank would raise rates in October.

Fri, 21 Sep 2018 15:08:37 GMT

SIG profit affected by project delays last winter

SIG, the construction materials supplier, reported a 21.8% fall in underlying pre-tax profit in H1, as builders delayed their projects due to long, icy winter in the UK.

Fri, 21 Sep 2018 14:37:42 GMT

Aurora Cannabis to launch US IPO in October

Canada's Aurora Cannabis is planning an initial public offering in the United States for October, as it seeks to lure investors by boosting their appetite for marijuana producers.

Fri, 21 Sep 2018 14:28:47 GMT

AIG plans to buy Glatfelter Insurance Group

On Friday, American International Group announced it would buy Glatfelter Insurance Group, the Pennsylvanian insurance broker, seeing to close the deal in this year's Q4.

Fri, 21 Sep 2018 13:22:59 GMT

US Justice Dept. likely to postpone stated AG meeting

The US Justice Department is likely to delay the meting with the state attorneys general scheduled for the next week to negotiate concerns over conservatives voices being restrained on social media.

Fri, 21 Sep 2018 13:14:04 GMT

Canada's retail sales rise 0.3% to $50.9B in July

Statistics Canada reported on Thursday that Canadian retail sales surged 0.3% to $50.9B in July amid increase in sales at beverage and food stores and gasoline stations.

Fri, 21 Sep 2018 12:38:19 GMT

Russia's RDIF seeks more investments in tie-up with Alibaba

The Russian Direct Investment Fund is planning to proceed with more investments with the Chinese e-commerce giant Alibaba after the joint venture they had established last week.

Fri, 21 Sep 2018 12:33:38 GMT

Farfetch raises its listing price range to $20 per share

On Friday, Farfetch has increased its price range in its New York initial public offering to $20 per share from the previously set $17-$19 per share, valuing the luxury retailer at more than $5.8B.

Fri, 21 Sep 2018 10:51:40 GMT

North Sea storm disrupts traffic at Amsterdam's Schiphol Airport

On Friday, a severe North Sea storm has caused cancellation of tens of flights at the EU third-largest airport Schiphol in Amsterdam.

Fri, 21 Sep 2018 10:50:46 GMT

Lone Star seeks to launch IPO of Germany's Xella

The buyout firm Lone Star is thinking over an initial public offering for Xella, its German building materials manufacturer, which it acquired in 2016 for $2.6B

Fri, 21 Sep 2018 09:56:36 GMT

US sanctions China for buying military tech

The administration of the President of the United States has sanctioned Chinese military due to buying missile systems and fighter jets from Russia.

Fri, 21 Sep 2018 09:56:03 GMT

Russia threatens US due to sanctions

On Friday, Russian authorities announced that the United States are playing with fire, as they set economic sanctions on the Russian Federation.

Fri, 21 Sep 2018 09:38:47 GMT

Amazon launches Echo devices for car and home

On Thursday, Amazon.com has launched new Echo devices, such as speakers and other gadgets, in its bid to compete with the rivals Apple and Google.

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