- Thu, 10 May 2018 06:21:47 GMT
Sonatrach to acquire ExxonMobil's oil refinery in Italy
Sonatrach, Algeria's state energy company, is planning to acquire ExxonMobil's 175K barrel-per-day Augusta oil refinery in Italy's island of Sicily amid North African producer's intention to lower its hefty fuel bills.
- Thu, 10 May 2018 06:17:48 GMT
Xerox board to resume talks with Fujifilm over better deal terms
On Wednesday, Xerox stated it was eager to resume the merger talks with Fujifilm, seeking for better deal to the terms revealed in January that had spurred a fight over the firm.
- Thu, 10 May 2018 05:19:01 GMT
Bank of Japan's meeting lays groundwork for stimulus exit
The Bank of Japan is set to prepare markets for the bank's future withdrawal of the monetary stimulus program, a summary of an April meeting showed.
- Thu, 10 May 2018 04:33:05 GMT
Britain's house-price gauge falls to lowest since 2012
The UK house prices gauge dropped to the lowest level in more than 5 years of a negative 8 in April amid a slump in London and the country's southeast region.
- Thu, 10 May 2018 04:24:17 GMT
Axa Equitable rises $2.75B in biggest US IPO
Axa Equitable, encompassing the US operations for France's insurance giant Axa, raised $2.75B in the largest US IPO this year despite falling $1B short of a targeted share sale.
- Thu, 10 May 2018 04:23:21 GMT
RBS gets $4.9B deal to settle US probe on mortgage bond sale
Royal Bank of Scotland stated that it agreed to pay $4.9B to resolve the US Justice Department probe into the bank's structuring and mortgage bond sale ahead of the crisis in 2008.
- Thu, 10 May 2018 03:34:25 GMT
Ford: lost truck production to hit earning is Q2
Quarterly earnings of Ford Motor are likely to be affected by shutdowns of the company's three US truck plants due to the fire at a supplier of key parts.
- Thu, 10 May 2018 03:33:16 GMT
Philippine GDP growth seen above 6% last quarter
The Philippine economy expanded 6.8% in the last quarter from a year before, driven by rising government spending and private consumption.
- Thu, 10 May 2018 02:31:15 GMT
Chinese PPI grows 3.4% in April
China's Producer Price Index increased 3.4% year-on-year in April, the first rise in the last seven months, official data revealed.
- Thu, 10 May 2018 02:29:36 GMT
China's consumer inflation cools to 1.8% in April
China's yearly consumer inflation growth weakened to 1.8% in April, slightly below expectations, an official report showed.
- Wed, 09 May 2018 19:55:20 GMT
US Transportation Department prepares new drone regulations
On Wednesday, the US Transportation Department sent two proposed rules to be reviewed by the White House regarding the regulation of the increased amount of unmanned aerial vehicles.
- Wed, 09 May 2018 19:54:44 GMT
Rolls-Royce COO to leave because of streamlining
Chief Operating Officer of Rolls-Royce Holdings Plc Simon Kirby will resign from his post in June as the new strategy of the Brtish manufacturer aims to streamline company's business.
- Wed, 09 May 2018 19:17:54 GMT
Ford plans to restore trucks productions in nearest time
Ford Motor Co is working with its key supplier Meridian Magnesium Products to shift part of the production to Ontario, Canada, after a fire on supplier's plant in Michigan, hoping to restore the production in the nearest time.
- Wed, 09 May 2018 19:07:48 GMT
Rouhani: Europe has limited opportunity to save nuclear deal
On Wednesday, the President of Iran Hassan Rouhani told the President of France Emmanuel Macron that in current situation Europe has very limited opportunities to save the nuclear deal.
- Wed, 09 May 2018 18:28:46 GMT
Boeing CEO: end of Iran nuclear deal not hurts 737 production
On Wednesday, chief executive of Boeing Co Dennis Muilenburg claimed that the end of Iran nuclear deal and revoking of license to sell 737 aircraft to Iran will not hurt company's production plans.
- Wed, 09 May 2018 18:21:52 GMT
Uber announces contest to select city for flying taxis
On Tuesday, Uber Technologies Inc claimed that it will run a contest to select the third city after Dallas and Los Angeles to launch a new taxi project UberAIR in 2020.
- Wed, 09 May 2018 17:17:11 GMT
ZTE says its main operations cease after US ban
On Wednesday, Chinese second largest telecom equipment manufacturer ZTE said that the main business operations of the company have ceased after a ban by the US government.
- Wed, 09 May 2018 17:08:43 GMT
Uzbekistan to privatise state airline
On Wednesday, the Deputy Prime Minister of Uzbekistan Sukhrob Kholmuradov claimed that the government is preparing to privatise Uzbekistan Airways, the national air carrier of Uzbekistan.
- Wed, 09 May 2018 16:21:22 GMT
Trump: China aids efforts with North Korea
On Wednesday, the US President Donald Trump claimed that China helped the US to held negotiations with North Korea after three American citizens had been released by Pyongyang.
- Wed, 09 May 2018 15:11:29 GMT
Pokemon Go maker to develop AR 3D maps
On Wednesday, CEO of Pokemon Go maker Niantic Inc John Hanke claimed that his company is planning to create 3D world map, using AR technology with a help of its players.
- Wed, 09 May 2018 15:03:06 GMT
North Korea releases three detained Americans
On Wednesday, North Korean authorities released three detained American citizens and handed them to the US Secretary of State Mike Pompeo ahead of a planned summit between the US and North Korea.
- Wed, 09 May 2018 14:19:55 GMT
France's Faurencia makes investment into PowerSphyr
Faurencia, the French vehicle company firm, has invested in the US wireless power-tech firm PowerSphyr, not providing any further details on the sum of money.
- Wed, 09 May 2018 14:15:22 GMT
ArcelorMittal hires Bank of America-ML to sell EU steel assets
ArcelorMittal hired Bank of America-Merrill Lynch with intention to sell its European steel assets and secure the antitrust clearance to buy the Italian peer Ilva.
- Wed, 09 May 2018 13:34:35 GMT
Ford temporarily suspends production of Super Duty, F-series vehicles
Ford Motor has temporarily halted its production of the Super Duty and F-150 pickup trucks at two US plants amid fire at the supplier factory that manufactures the trucks parts.