News

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Thu, 23 Aug 2018 17:24:41 GMT

Saudi Arabia to borrow $12B from international banks

On Thursday, the Financial Times reported that the sovereign fund of Saudi Arabia is planning to borrow $12B from international banks after IPO of the oil giant Saudi Aramco was put on hold.

Thu, 23 Aug 2018 16:02:30 GMT

Air France to stop its flights to Tehran starting September

Air France KLM is planning to end flights to Tehran starting September 18 due to a weak demand, the carrier's spokesman stated on Thursday.

Thu, 23 Aug 2018 15:56:22 GMT

Ford's official appointed as US Special Representative to DPRK

On Thursday, the US State Secretary Mike Pompeo stated that the Vice President of Ford carmaker Stephen Biegun had been named as the US Special Representative to North Korea.

Thu, 23 Aug 2018 15:24:03 GMT

Goldman Sachs launches digital consumer platform in UK

Goldman Sachs opened a digital consumer savings bank Marcus in Britain, targeting its own staff, an internal memo seen by Reuters showed on Thursday.

Thu, 23 Aug 2018 15:18:34 GMT

VW to make $4.0B investment to establish digital businesses

Volkswagen plans a $4.0B investment by 2025 to establish digital products and businesses , including cloud computing software to connect customers and cars to propose services such as car-sharing.

Thu, 23 Aug 2018 14:38:29 GMT

Panasonic ties up with Japan Display's unit over OLED panel-making process

On Thursday, Panasonic stated it had teamed up with Japan Display's affiliate to licence out the low-cost OLED panel-making process, which could become an alternative to the South Korean manufacturers' conventional method.

Thu, 23 Aug 2018 14:33:19 GMT

Siemens likely to cut 20K jobs amid "Vision 2020" strategy

Siemens, the German engineering giant, is considering to cut 20K job positions as part of the "Vision 2020" strategy, according to Manager Magazine.

Thu, 23 Aug 2018 13:33:59 GMT

US initial jobless claims drop 2K last week

The number of applications for US unemployment benefits fell to 210K in the week ending August 18, while analysts anticipated a surge to 215K, the Labor Department reported.

Thu, 23 Aug 2018 11:51:59 GMT

Glencore gets approval for its Chevron assets bid

On Thursday, South African competition watchdog granted its approval to Glencore for its $900M bid for Chevron's Botswana and local assets, raising its chances to beat a rival offer from China's Sinopec.

Thu, 23 Aug 2018 11:51:44 GMT

British watchdog launches inquiry into Sainsbury-Asda deal

The UK competition watchdog has launched a formal inquiry into the proposed $9.31B worth deal to merge supermarket chains, Sainsbury and Walmart's Asda.

Thu, 23 Aug 2018 11:38:14 GMT

Net migration of EU citizens to UK drops to six-year low

Net EU migration into Britain plunged to 87K citizens, the lowest since 2012, compared to 123K Europeans the previous year, according to the ONS.

Thu, 23 Aug 2018 11:31:41 GMT

Alibaba Q1 revenue soars 61%, tops estimates

The world's largest online retailer Alibaba Group Holding reported on Thursday its Q1 revenue rose 61%, beating analysts' expectations, and helped by the core e-commerce business growth.

Thu, 23 Aug 2018 10:18:13 GMT

European migration to UK falls

The net migration of EU citizens to the United Kingdom has fallen to the lowest level since March of 2012.

Thu, 23 Aug 2018 10:17:39 GMT

Panasonic licenses out OLED production

On Thursday, Panasonic Corporation announced that the company will license its OLED panel-making process to Japan Display.

Thu, 23 Aug 2018 09:18:55 GMT

Goldman Sachs sells new London HQs in £1.17B deal

Goldman Sachs announced on Wednesday it secured a £1.17B sale of its unfinished London-based headquarters to the South Korean National Pension Service ahead of staff moving next year.

Thu, 23 Aug 2018 09:16:52 GMT

Ryanair resolves pilots dispute with Irish union

On Thursday, Ryanair has reached an agreement in pilots dispute with its Irish trade union, sending the carrier's shares 5.4% higher on the news.

Thu, 23 Aug 2018 07:54:10 GMT

Philippines' San Miguel to sell $2.7B worth shares in food arm

Philippines' San Miguel is planning a $2.7B worth share sale in its beverage and food division San Miguel Food and Beverage at a steep premium, the company stated on Thursday.

Thu, 23 Aug 2018 07:40:12 GMT

Australia's competition regulator clears Ooh!Media-Adshel, JCDecaux-APN deals

Australia's Competition and Consumer Commission has cleared on Thursday the proposed takeover of APN Outdoor by JCDecaux and the acquisition of the HT&E Ltd's bus stop advertising unit Adshel by Ooh!Media.

Thu, 23 Aug 2018 07:27:53 GMT

India's RCom completes sale of $285M worth infrastructure assets

On Thursday, India's Reliance Communications stated it had finalised the sale of its MCNs and $285.4M worth infrastructure assets to Reliance Jio Infocomm.

Thu, 23 Aug 2018 06:39:03 GMT

Saudi Arabia's Energy Minister says Aramco's IPO not to be halted

On Thursday, the Energy Minister of Saudi Arabia denied a report from Reuters that an initial public offering of the oil state titan Aramco would be halted.

Thu, 23 Aug 2018 06:35:15 GMT

CPPIB, Goodman pledge $1.75B to their China logistics patnership

The Canada Pension Plan Investment Board and Australia's property developer Goodman Group announced on Thursday about committing additional $1.75B of equity to their China logistics partnership.

Thu, 23 Aug 2018 05:08:27 GMT

Synopsys' results, forecast put shares on strong pace

Synopsys reported better-than-anticipated quarterly results and forecast Q4 above Wall Street estimates, as the chip design software maker benefited from higher demand from semiconductor clients.

Thu, 23 Aug 2018 05:05:28 GMT

Latvia's agricultural sector reports €359M in drought damage

The losses of farmers in Latvia, which suffered from summer's unusual heat and prolonged dry spell, amounted to €359M, the country's Agriculture Ministry stated.

Thu, 23 Aug 2018 04:05:32 GMT

US exports of natural gas to Mexico at record high in July

The US natural gas pipeline exports to Mexico reached a record high in July this year, after the several key pipelines' commissioning in Mexico, the US EIA stated.

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