- Fri, 21 Jun 2019 13:27:43 GMT
NKBM buys Slovenia's Abanka for €444M
Slovenia has signed a deal with Nova KBM to sell its third biggest bank Abanka for €444M, the state privatisation body, Slovenian Sovereign Holding, announced late on Thursday.
- Fri, 21 Jun 2019 12:21:33 GMT
Britain posts larger-than-expected May budget deficit
British budget deficit widened 23% to £5.115B in May from the previous year, beating Reuters analysts' forecasts, the National Statistics Office reported on Friday.
- Fri, 21 Jun 2019 10:43:37 GMT
Japan issues currency warning
On Friday, Japan's Vice Finance Minister for International Affairs Masatsugu Asakawa issued a warning that, if excessive volatility continues in the currency market, Japan's government will act against it.
- Fri, 21 Jun 2019 09:44:50 GMT
Huawei reports 100M smartphone shipments this year
Huawei Technologies reported 100M smartphone shipments in 2019 as of May-end, its phone product line head He Gang unveiled the data at the group's new Nova 5 device launch event in China's city of Wuhan on Friday.
- Fri, 21 Jun 2019 09:23:07 GMT
Huawei to launch talks with Russia over Avrora OS
China's tech giant Huawei is set to launch talks with the Russian communications ministry's officials this summer over using its Avrova operating system, according to RIA news agency's report seen on Friday.
- Fri, 21 Jun 2019 08:28:40 GMT
Slack Tech shares soar on IPO debut
Slack Technologies shares surged almost 50% in the company's initial public offering, valuing the fast-growing workplace communication and messaging platform at over $23.0B.
- Fri, 21 Jun 2019 07:20:50 GMT
Walmart-Cornershop tie-up deal collapse
The $225M tie-up deal between Walmart and the delivery app Cornershop collapsed as Mexico's antitrust officials banned the merger earlier in June, according to Cornershop's co-founder Oskar Hjertonsson.
- Fri, 21 Jun 2019 06:38:15 GMT
Italy's Salvini pledges to resign, if govt cannot cut taxes
On Friday, Matteo Salvini, Italy's Deputy Prime Minister, pledged he would resign from his post, if the government did not let him cut €10B in taxes.
- Fri, 21 Jun 2019 05:20:27 GMT
Foxconn elects new chairman
Taiwan's Foxconn announced on Friday that it has selected head of chip unit Liu Young-Way as the new company's chairman, thus replacing Terry Gou who decided to run for Taiwan presidency.
- Fri, 21 Jun 2019 04:07:47 GMT
Chevron Phillips Chemical tries to acquire Nova Chemicals
According to a source familiar with the matter, a joint venture (JV) between Phillips 66 and Chevron Corp, Chevron Phillips Chemical, has offered $15B for Nova Chemicals Corp's acquisition.
- Thu, 20 Jun 2019 19:41:49 GMT
TD securities expects rate cuts
On Thursday, analysts of the Canadian investment bank TD Securities revealed that they expect a 1.50 percentage point Federal Reserve rate cut during the next 12 months.
- Thu, 20 Jun 2019 19:30:43 GMT
Funds flow to safe assets in Asia
Data published by Reuters on Thursday revealed that Asian money markets and bonds have experienced a $30 billion inflow during the past two months.
- Thu, 20 Jun 2019 17:44:40 GMT
ECB Vice President comments on policy
On Thursday, the Vice President of the European Central Bank Luis de Guindos announced that the last ECB monetary decision was approved unanimously.
- Thu, 20 Jun 2019 16:40:41 GMT
Crude oil jumps on Thursday
During Thursday's trading session, crude oil price benchmarks experienced a three percent jump. The move was attributed to Iran shooting down a US military drone.
- Thu, 20 Jun 2019 14:53:06 GMT
S&P 500 hits new high level
At the opening of US markets on Thursday, the S&P 500 index hit a new all-time high level. Namely, the index touched the 2,956 level.
- Thu, 20 Jun 2019 14:44:01 GMT
Bank of Japan signals easing
Despite keeping monetary policy unchanged, on Thursday, the Governor of Bank of Japan Haruhiko Kuroda announced that the bank is ready to cut interest rates.
- Thu, 20 Jun 2019 14:31:36 GMT
EU to prolong economic sanctions on Russia
On Thursday, the European Union has extended the economic sanctions on Russia until the January-end 2020 over its turmoil in Ukraine, as well as calling on Moscow to aid bring guilty of shooting the 2014 passenger plane down to justice.
- Thu, 20 Jun 2019 13:36:21 GMT
Russia's Putin sees talks with US President Trump
On Thursday, Russia's President Vladimir Putin stated he was ready for talks with the US President Donald Trump, in case his counterpart wanted to hold ones, but added Trump's re-election campaign might heighten tensions between the two countries.
- Thu, 20 Jun 2019 11:53:35 GMT
Waymo, Nissan and Renault explore self-driving services tie-up
The French automaker Renault together with Nissan Motor, its Japanese partner, joined Alphabet's Waymo to explore a potential partnership on self-driving vehicles use and development to transport goods and people in Japan and France.
- Thu, 20 Jun 2019 10:54:52 GMT
FBI launches probe into Deutsche Bank over money-laundering
The US FBI has launched an official investigation into Deutsche Bank over possible money-laundering lapses after suspicious financial transactions made to their superiors were flagged by the New York Times last month.
- Thu, 20 Jun 2019 09:56:59 GMT
USD drops on Thursday
On Thursday, the Fed policy caused a drop of the US Dollar, which created a rise in prices of assets that are valued in the US Dollar. Note that this is not surge of value, but a fall of USD purchasing power.
- Thu, 20 Jun 2019 09:26:23 GMT
Italy set to trim 2020 structural deficit
Italy is set to lower its 2020 structural deficit, saying it has no need for the European Union approval, after the EU Commission threatened to hit the country with disciplinary sanctions.
- Thu, 20 Jun 2019 08:09:07 GMT
Facebook's Libra likely to raise regulatory issues
Facebook's plans to trigger its new global cryptocurrency Libra are likely to raise some regulatory issues, Dam Woods the BoE Deputy Governor stated on Thursday.
- Thu, 20 Jun 2019 06:36:31 GMT
Tech giants oppose Trump's tariffs on laptops
On Wednesday, Intel Corp, Microsoft Corp, HP Inc and Dell Technologies have opposed the President Donald Trump's intention to add tablets and laptop computers to Chinese goods that are targeted for tariffs.