News

Note: This section contains information in English only.
Tue, 04 Dec 2018 08:35:53 GMT

TIBCO Software to acquire Orchestra Networks

The large privately-owned business software provider, TIBCO Software, has agreed to acquire France's data management firm Orchestra Networks, as it seeks to boost the company's ability to help customers organise their data.

Tue, 04 Dec 2018 05:42:58 GMT

Asian stock markets decline

On Tuesday morning, as the rally caused by the trade truce ended, Asian stock market indices declined. The main reason for the decline were doubts about the execution of the trade agreement.

Tue, 04 Dec 2018 05:42:31 GMT

US expects immediate action from China

On Tuesday, it was announced by US officials that they expect China to act immediatel in regards to cutting tariffs on US auto imports and ending intelectual property theft.

Tue, 04 Dec 2018 05:25:32 GMT

USD weakens on Tuesday morning

During the Asian session on Tuesday the value of the US Dollar declined. The financial media blamed the fall of US Treasury yields as the reason for the decline.

Tue, 04 Dec 2018 05:25:04 GMT

Reserve Bank of Australia keeps rates unchanged

On Tuesday, the Reserve Bank of Australia made a central bank rate announcement. The RBA kept their interest rate unchanged by keeping it at 1.5%.

Tue, 04 Dec 2018 03:57:45 GMT

Nexstar to purchase Tribune Media for $4.1B

Nexstar Media Group stated that it agreed to buy Tribune Media Company for nearly $4.1B in cash in a deal, which would make it the biggest regional US TV station operator.

Tue, 04 Dec 2018 03:57:40 GMT

Sharp lays off 3K foreign staff

Sharp decided to lay off more than 3K foreign workers in Japan, as the Apple supplier moved iPhone sensors production to China's plant owned by Foxconn.

Tue, 04 Dec 2018 02:53:15 GMT

British consumer spending weakens in preparation to Brexit

The UK consumer spending rose last month at the slowest pace within a year, with sales on Black Friday failing to reduce the lack of confidence over the economy before Brexit, industry data revealed.

Tue, 04 Dec 2018 02:46:23 GMT

PBoC to keep its monetary policy flexible

The Central Bank of China is set to keep monetary policy flexible and adjust it appropriately according to changes in the local economic situation, the Bank's Governor Yi Gang stated.

Mon, 03 Dec 2018 20:41:53 GMT

Economists expect three Canadian rate hikes

A survey published by Reuters on Monday revealed that economists expect the Bank of Canada to hike their interest rate three times during 2019. In general the Bank of Canada is set to follow the directions of the Federal Reserve.

Mon, 03 Dec 2018 20:41:36 GMT

BMW CFO makes a statement about future forecasts

On Monday, the Chief Financial Officer of BMW Nicolas Peter announced that the company is expecting difficulties in the 2019 caused by currency exchange rate and commodity price fluctuations.

Mon, 03 Dec 2018 20:25:49 GMT

GSK shares decline after acquisition announcement

After GlaxoSmithKline announced the acquisition of the cancer specialist Tesaro, the company's shares began to decline. The reason for the decline was that the company is paying a 110 percent premium on the acquisition and takes on Tesaro's debt.

Mon, 03 Dec 2018 20:25:38 GMT

Switzerland announces stock market protection measures

The government of Switzerland announced on Monday that the government has launched various measures, which will protect the Swiss domestic stock market in case the EU blocks EU based investors from trading on the Swiss exchanges.

Mon, 03 Dec 2018 18:56:59 GMT

French President seeks for a solution to protests

On Monday, the Prime Minister of France met with the leaders of political opposition, tasked by the French President with finding a solution to the rioting in Paris.

Mon, 03 Dec 2018 18:56:47 GMT

Trump boosts auto stocks by making a deal with China

As US Donald Trump tweeted that China has agreed to cut taxes on autos made in the US, the share prices of Daimler AG and BMW rose in value. Although these car companies are not American, they produce in the US.

Mon, 03 Dec 2018 17:58:37 GMT

Trump will discuss arms race with China and Russia

On Monday, the administration of the US President Donald Trump announced that in the near future the President will discuss the ongoing arms race with Russia and China.

Mon, 03 Dec 2018 17:58:09 GMT

German minister warns about Nord Stream 2 pull out

The Foreign Minister of Germany announced on Monday that pulling out of the pipeline project Nord Stream 2 would diminish Germany's bargaining power with Russia.

Mon, 03 Dec 2018 16:46:58 GMT

Canadian Manufacturing grows in November

The Canadian manufacturing sector data, which was published on Monday, revealed that manufacturing growth in Canada reached a three month high level in November. The main reason for the event was an increase in new orders.

Mon, 03 Dec 2018 15:41:34 GMT

German conservatives doubt the future of Russian gas pipeline

The German conservatives, who are close allies of Angela Merkel's party, are questioning whether the Nord Stream 2 gas pipeline project should be continued, as tensions rise in between Russia and Ukraine.

Mon, 03 Dec 2018 15:41:16 GMT

Wall Street opens higher on Monday

On Monday, Wall Street stock indices started the day's trading higher than the previous close. The main reason for the surge was the trade truce done by US President Donald Trump and China's President Xi Jinping.

Mon, 03 Dec 2018 15:28:52 GMT

Tianqi takes stake in Nutrien's lithium miner for $4.1B

China's Tianqi Lithium has acquired a 23.77% stake in Chile's lithium miner SQM from Canada's fertilizer giant Nutrien for a price of $4.066B in total.

Mon, 03 Dec 2018 15:19:48 GMT

Iranian minister stresses the importance of oil

The Oil Minister of Iran on Monday announced that the Iranian oil industry is the main tool of the country on the front line against the enemy of Iran. He also added that Tehran has to counter US efforts to pressure Iran.

Mon, 03 Dec 2018 15:15:56 GMT

Sanjeev Gupta acquires US KCI for $320M

GFG Alliance, the privately-held firm by Britain's industrialist Sanjeev Gupta, has closed a deal worth $320M to take over the US steel wire maker Keystone Consolidated Industries.

Mon, 03 Dec 2018 14:26:23 GMT

Honda, Toyota US sales drop in November

The US sales of new Honda and Toyota vehicles plunged 9.5% to 120,534 units and 0.6% to 190,423 cars respectively in November, Japan's automakers reported on Monday.

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