News

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Fri, 28 Sep 2018 19:52:33 GMT

Boris Johnson wants UK's PM May to drop her Brexit plans

Former Britain's Foreign Secretary Boris Johnson demand UK's Prime Minister Theresa May to scrap her Brexit proposals.

Fri, 28 Sep 2018 19:05:47 GMT

Google's CEO Pichai agrees to testify before the US Congress

A senior Republican official said on Friday that Google's CEO Sundar Pichai has agreed to testify publicly before the US Congress over Republican concerns, that the company alleged censorship of conservatives.

Fri, 28 Sep 2018 19:05:25 GMT

Mexico's President-elect to name Heath as deputy governor of Central Bank

Incoming Mexico's Finance Minister Carlos Urzua said on Friday that Andres Manuel Lopez Obrador, the Mexican President-elect, will name Jonathan Heath as the deputy governor of the Bank of Mexico.

Fri, 28 Sep 2018 18:14:10 GMT

Tesla shares decline by 13% on Friday

On Friday, Tesla shares depreciated by 13% amid fears about the future of CEO Elon Musk at the electric carmaker after the US securities regulators sued him of fraud.

Fri, 28 Sep 2018 18:13:59 GMT

President Erdogan plans to repair strain relationship with Germany

Turkish President Tayyip Erdogan said on Friday that he plans to repair strained relationship between Turkey and Germany during his visit to Berlin.

Fri, 28 Sep 2018 17:29:06 GMT

Health stocks and Intel help to pull Wall Street out of decline

Healthcare stocks and Intel chipmakers helped US shares to overturn early losses and move higher during the end of trading of Friday's trading session.

Fri, 28 Sep 2018 17:24:50 GMT

US GDP growth hits 3.6% in third quarter

On Friday, the Atlanta Federal Reserve's GDP forecast model showed that the US economy grew at a 3.6% annualized rate in Q3.

Fri, 28 Sep 2018 16:06:13 GMT

Growth in US Upper Midwest manufacturing growth weakest in 13 months

A measure of manufacturing activity in the Upper Midwest of the US fell to the lowest level in 13 months in September amid concerns over shortage of workers and higher costs tied to tariffs, a survey showed.

Fri, 28 Sep 2018 16:01:01 GMT

US consumer spending increases in August

The US consumer spending rose steadily in August, supporting expectations of strong economic expansion in the Q3, while inflation growth remained at the Fed's 2% target for a fourth month in succession.

Fri, 28 Sep 2018 15:21:20 GMT

Novo Nordisk to lay off stuff in US

Denmark's Novo Nordisk is set to cut nearly 250 jobs in the United States, a spokesman said, adding that the drugmaker would also employ an undetermined number of people to new positions.

Fri, 28 Sep 2018 15:13:37 GMT

Volkswagen cooperates with Microsoft in cloud services

Germany's automaker Volkswagen is set to use Azure cloud platform created by Microsoft to provide digital services and mobility offerings throughout its entire fleet, the companies stated.

Fri, 28 Sep 2018 14:30:08 GMT

Switzerland's SEBA attracts $103M to build crypto bank

SEBA Crypto AG, a Swiss start-up, has raised $103M to establish a bank that would offer cryptocurrency services to firms and investors, while continuing to extend its traditional banking services to companies in the new sector.

Fri, 28 Sep 2018 14:21:06 GMT

New funding round values US fintech firm Stripe at $20B

The US fintech strat-up Stripe has attracted $245M in the latest funding round, bringing the San Francisco-based company's value to $20.25B, a solid surge from its $9.2B valuation in 2016.

Fri, 28 Sep 2018 13:19:02 GMT

Equinor seeks to acquire Chevron's stake in Rosebank

Norway's Equinor is seeking to acquire Chevron's 40% stake in the British gas and oil field Rosebank, sources familiar with the matter reported on Friday.

Fri, 28 Sep 2018 13:18:02 GMT

Chanel acquires UK swimwear brand Orlebar Brown

Chanel stated on Friday it had acquired the British swimwear maker Orlebar Brow from the label founder Adam Brown and other investors group, not disclosing the financial terms of the deal.

Fri, 28 Sep 2018 11:52:07 GMT

Bath Iron Works awarded $3.9B US defence contract

General Dynamics' unit Bath Iron Works has won a $3.9B US defence contract, along with Huntington Ingalls Industries, to construct six DDG 51 class vessels, the Pentagon reported.

Fri, 28 Sep 2018 11:51:29 GMT

Sun Life, Prudential bid for CBA's Indonesian insurance venture

Canada's Sun Life and Britain's Prudential are among five bidders for an 80% majority stake in the Commonwealth Bank of Australia's Indonesia insurance business.

Fri, 28 Sep 2018 11:25:13 GMT

United Launch services awarded $867M US defence contract

The joint venture of Boeing and Lockheed Martin, United Launch Services, has won $867M US defence contract for the EELV programme designed for its Atlas and Delta IV rockets.

Fri, 28 Sep 2018 11:09:40 GMT

Saudi Arabia's Salman to discuss Qatar in Kuwait

Mohammed Bin Salman, the Saudi Crown Prince, is planning a visit to Kuwait this Saturday to hold talks over the kingdom's political dispute with Qatar, Kuwaiti News Agency reported.

Fri, 28 Sep 2018 10:13:24 GMT

The head of European Parliament comments on Italy

The head of the European Parliament Antonio Tajani on Friday announced that the Italian budget plan will impact savings and job creation in the country.

Fri, 28 Sep 2018 10:12:43 GMT

Italy defies European Union

On Friday, the Italian new government proposed the budget of 2019 with a deficit, which is three times higher than the previously set target. The event created a selloff of Italian bonds.

Fri, 28 Sep 2018 09:02:00 GMT

Huntington Ingalls awarded $5.1B US defence contract

Huntington Ingalls Industries has won a $5.1B US defence contract to construct six DDG 51 class vessels, according to a Pentagon report.

Fri, 28 Sep 2018 08:59:04 GMT

VW to back modernisation of older diesel vehicles in Germany

Volkswagen is ready to support hardware retrofitting for its older diesel cars, offering the German drivers to exchange some of their vehicles for newer models.

Fri, 28 Sep 2018 08:00:20 GMT

EU advertising firms' shares drop on probe report by WSJ

Shares in the EU advertising firms WPP and Publicis plunged this Friday, after the Wall Street Journal presented a report saying the US had launched a probe into media-buying practices in the sector.

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