- Tue, 26 Mar 2019 21:28:38 GMT
US auto sales to decline in March
The US auto sales are expected to fall about 2.1% in March from a year earlier amid mixed economic data, lower tax refunds and bad weather, according to industry consultants LMC Automotive and J.D. Power.
- Tue, 26 Mar 2019 20:18:52 GMT
VW: no plans to produce EVs in Brazil
Volkswagen AG had no plans to produce hybrid or electric cars in Brazil in the following few years, though it is set to start importing them in 2019, a source familiar with the matter stated.
- Tue, 26 Mar 2019 20:02:36 GMT
US housing data point to slowing economic growth
The US homebuilding declined more than anticipated in February, with single-family homes' construction falling to almost two-year low, suggesting higher evidence of a weakening economic activity.
- Tue, 26 Mar 2019 19:31:27 GMT
Toyota sees weaker sales in Caribbean, South America in 2019
Toyota Motor announced expectations for its sales in the Caribbean and South America to rise 0.9% this year compared with the prior year, the Vice President of Toyota's Brazil operation stated.
- Tue, 26 Mar 2019 19:26:37 GMT
France's economy expands 1.6% last year
The French economy expanded slightly more than anticipated 1.6% in the year of 2018, exceeding the forecast of 1.5% growth, the INSEE statistics agency stated.
- Tue, 26 Mar 2019 18:04:19 GMT
Ferrovial plans hydro-electric assets purchase
Ferrovial, the Spanish construction company, has entered talks with the US metals group Ferroglobe, as it seeks to acquire its hydro-electric power assets.
- Tue, 26 Mar 2019 17:53:32 GMT
Huawei rolls out new flagship phone in Paris
On Tuesday, China's Huawei has launched its new flagship smartphone in Paris, hoping for the further gains from the European sales on the back of possible scrutiny over security concerns.
- Tue, 26 Mar 2019 17:38:31 GMT
Schroders-Lloyds wealth JV names management team
A joint venture planned by Lloyds Banking Group and Schroders, Schroders Personal Wealth, has announced on Tuesday its management team, naming James Rainbow as the intermediary co-head, Nick Allen as CEO and Marcus Brookes as CIO.
- Tue, 26 Mar 2019 17:33:26 GMT
EU regulators halt E.ON's Innogy takeover review
The EU antitrust regulators have stopped the review process of the planned acquisition of the Innogy's retail and network assets by E.ON, after the German energy firm failed at meeting a deadline that required submitting detailed data sets.
- Tue, 26 Mar 2019 16:29:31 GMT
Nexi sets its IPO price range up to €10.35
Nexi has priced its initial public offering shares on Tuesday at between €8.50-€10.35 each that values Italy's payments firm at about €6.4B, one of the EU largest listings this year.
- Tue, 26 Mar 2019 16:22:00 GMT
Merck KGaA takes Versum takeover hostile
On Tuesday, Germany's pharmaceuticals group Merck KGaA stated it had to take its takeover bid for Versum Materials worth $5.9B directly to the US chemical firm's shareholders amid Versum's unwillingness to engage in negotiations.
- Tue, 26 Mar 2019 15:39:27 GMT
Wirecard shares jump on head office search
Wirecard's shares soared as much as 30% on Tuesday after the law firm had cleared the company's head office alleging false accounting and fraud.
- Tue, 26 Mar 2019 15:36:50 GMT
EU lawmakers vote against clock shift
On Tuesday, the EU lawmakers conducted a vote against one-hour clock shifts during the spring and autumn periods starting from 2021, after two years the proposal was made.
- Tue, 26 Mar 2019 14:36:42 GMT
Huawei views minor impact on its sales
China's Huawei is seeing little impact on its sales from the US campaign against the company, saying the other countries are unlikely to follow America in banning the Chinese tech giant from establishing the 5G networks.
- Tue, 26 Mar 2019 14:23:15 GMT
Japan regulator seeks $1.2M fine against Citi
On Tuesday, Japan's SESC market regulator announced it would seek a $1.2M fine against Citigroup's British unit, alleging manipulations of the JGB future prices.
- Tue, 26 Mar 2019 13:39:56 GMT
Citi seeks to bolster Asian wealth management client base
Citigroup announced on Tuesday it is seeking to boost its client base of the Asian wealth management by 10% this year, as the company picks more advisers and bolster digital offerings.
- Tue, 26 Mar 2019 12:37:55 GMT
Spotify to acquire another podcast firm
On Tuesday, Spotify Technology announced it would acquire Parcast, its third podcast firm it is buying during the last two months, as the company seeks to become the Netflix of audio.
- Tue, 26 Mar 2019 11:29:32 GMT
UK lawmakers urge Theresa May
Members of the UK Parliament on Tuesday urged the Prime Minister to listen to alternative Brexit plans. This and other recent announcements continue to keep the GBP highly volatile.
- Tue, 26 Mar 2019 11:29:01 GMT
Huawei sees no impact from US ban
On Tuesday, Huawei officials announced that the company's sales are not getting hurt by the ban in the US. Moreover, the company does not expect bans of their products in other countries.
- Tue, 26 Mar 2019 10:38:42 GMT
Ex-Lego CEO resigns from board
Lego's former President and CEO Kjeld Kirk Kristiansen is set to step down from the board during the general meeting planned to be held in April, the owner of Danish toymaker announced on Tuesday.
- Tue, 26 Mar 2019 10:35:47 GMT
Airbus shares rise on large China order
On Tuesday, shares in Airbus soared 1.9% after the EU planemaker announced about a $30B sale of its 300 jets to China.
- Tue, 26 Mar 2019 09:37:33 GMT
Mastercard to make investment in Network International IPO
Global payments titan Mastercard is planning to make an investment worth $300M in the planned London listing of the payments processor firm Network International.
- Tue, 26 Mar 2019 09:35:08 GMT
Uber confirms Careem $3.1B acquisition deal
Uber Technologies, the global ride-hailing company, has confirmed on Tuesday it would acquire its Middle East competitor Cereem to dominate the ride-hailing service in the region, right ahead of its initial public offering.
- Tue, 26 Mar 2019 08:35:47 GMT
EU opens inquiry Aleris takeover deal
European anti-trust regulators launched an inquiry into the US aluminium company Novelis' plans to acquire the processor Aleris Corps in a deal valued at $2.6B, as the American firm seeks to supply the aerospace industry.