News

Note: This section contains information in English only.
Tue, 25 Sep 2018 08:17:28 GMT

BDI lowers Germany's growth forecast

On Tuesday, The Germany's BDI association decreased its growth forecast for 2018 for the German economic.

Tue, 25 Sep 2018 06:55:22 GMT

US Air Force awards Boeing with first leg of helicopter contract

Boeing has won a first leg worth $376M of the $2.4B deal with the US Air Force to build four helicopters its 46-year-old fleet.

Tue, 25 Sep 2018 06:54:41 GMT

Germany's Exyte plans IPO this year

Exyte, Germany's chip factory builder, is planning an initial public offering on the Frankfurt SE this year, adding to a flow of listings in the EU largest economy.

Tue, 25 Sep 2018 06:38:18 GMT

Britain's SSE set to acquire rest of 50% stake in Seagreen Wind Energy

Britain' power firm SSE said it was planning to acquire the remaining 50% stake of Seagreen Wind Energy, as the company is targeting to enter more offshore wind energy projects.

Tue, 25 Sep 2018 04:43:14 GMT

Instagram CTO and CEO resign

The founders of Instagram Mike Krieger and Kevin Systrom have resigned from their posts as chief technical officer and chief executive officer, respectively.

Tue, 25 Sep 2018 04:42:27 GMT

Philippine central bank is expected to hike interest rates

A Reuters poll released on Tuesday revealed that the central bank of Philippines is expected to hike its interest rate this Thursday.

Tue, 25 Sep 2018 04:29:09 GMT

Oil prices reach record high level

On Tuesday, crude oil price behcmark Brent reached a new four year high level, as oil prices continued to surge for a second consecutive trading session.

Tue, 25 Sep 2018 04:28:34 GMT

China releases anouncement about trade war

On Tuesday, Chinese authorities released a statement that they are forced to retaliate against the US in the recent trade dispute.

Tue, 25 Sep 2018 02:36:06 GMT

China to build system for government debt monitoring

China was building the local governments' income and expenditure monitoring system, aiming to control debt, the report showed on Tuesday.

Tue, 25 Sep 2018 02:31:05 GMT

Starbucks set for changes to company layoffs, structure

Starbucks was planning an organisational restructuring, which would include leadership changes, according to a memo from the company's CEO Kevin Johnson.

Mon, 24 Sep 2018 20:06:51 GMT

Deutsche Bank head dampens talks over potential merger

Deutsche Bank CEO Christian Sewing has played down speculations over a potential merger with Commerzbank, saying that the bank has other issues to focus on at the moment.

Mon, 24 Sep 2018 20:06:01 GMT

Apple finalises Shazam acquisition

Apple announced on Monday, it had finalised its takeover deal to acquire Shazam, the music discovery app, following an approval by the EU antitrust regulator granted a few weeks ago.

Mon, 24 Sep 2018 19:20:01 GMT

Sears plans selling more real estate assets to avoid bankruptcy

Sears Holdings is considering a sale of more real estate assets with intention to avoid bankruptcy, its CEO Eddie Lampert's hedge fund announced on Monday in a regulatory filing.

Mon, 24 Sep 2018 19:16:26 GMT

EU regulators to pass verdict on Sony's bid for EMI until October-end

The EU antitrust regulators are set to decide until October 26 on Sony's $2.3B bid for EMI, which would make it the world's biggest music publisher, according to the European Commission's filing published on Monday.

Mon, 24 Sep 2018 18:25:02 GMT

United Technologies considers to sell Chubb Fire & Security

United Technologies is thinking over a sale of the company's main division Chubb Fire & Security in a potential deal worth over $3.0B, according to Reuters.

Mon, 24 Sep 2018 18:19:19 GMT

Sky's shares surge on Comcast bet win for pay-TV group

On Monday, shares of Sky surged 9% after the US cable-TV giant Comcast had won the auction with the biggest bet, outracing its rival Twenty-First Century Fox.

Mon, 24 Sep 2018 17:18:37 GMT

Turkish Lira surges amid US remarks

The Turkish Lira rose by 3% against the US Dollar on Monday, after the US Secretary of State Mike Pompeo said that he expected talks with Turkey's officials this week about a US pastor facing trial.

Mon, 24 Sep 2018 17:16:09 GMT

Raab is sure of Brexit deal

UK's Brexit Secretary Dominic Raab said on Monday that he sure that a Brexit deal would be reached with the European Union.

Mon, 24 Sep 2018 16:05:20 GMT

Deputy AG Rosenstein resigns

On Monday, the US Deputy Attorney General Rod Rosenstein has verbally announced his resignation after expecting to be fired by President Donald Trump.

Mon, 24 Sep 2018 16:04:39 GMT

Deputy AG Rosenstein summoned at the White House

On Monday, the US Deputy Attorney General Rod Rosenstein was summoned at the White House on reports he offered to resign.

Mon, 24 Sep 2018 15:29:09 GMT

Sirius XM to buy Pandora in $3.5 billion streaming push

Satellite radio firm Sirius XM is set to buy online music service Pandora Media in a $3.5B all-stock deal that would help the company to battle increasing competition from rivals Apple Music and Spotify.

Mon, 24 Sep 2018 15:27:10 GMT

Siemens to cut 2.9K jobs in Germany within €500M cost-saving plan

German engineering group Siemens stated that it would cut nearly 2.9K jobs in Germany within a restructuring plan to reach €500M in cost savings.

Mon, 24 Sep 2018 14:17:47 GMT

European markets decline on Monday

European equity market indices declined on Monday. Financial media blamed trade war fears for the decline.

Mon, 24 Sep 2018 14:17:41 GMT

Symantec ends accounting check

On Monday, Symantec announced that after a four month long probe into its financials the company's previously announced financial results have not changed.

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