News

Note: This section contains information in English only.
Fri, 12 Oct 2018 11:07:03 GMT

Orange ties up with Google over transatlantic cable deal

On Friday, France's telecom operator Orange stated it had teamed up with Google over the transatlantic submarine cable project Dunant, connecting France and the United States.

Fri, 12 Oct 2018 10:08:46 GMT

ECB's Lautenschlaeger comments on stability risks

Sabine Lautenschlaeger, who is an ECB board member, announced on Friday that the ECB has to take into account the stability risks that the ECB's policy has created.

Fri, 12 Oct 2018 10:07:47 GMT

UBS might buy out joint venture in China

UBS Group AG might become the first bank that holds the majority of ownership of its operations in China, as two partners are offering their stakes for sale.

Fri, 12 Oct 2018 09:11:07 GMT

Blackrock awarded £30B investment contract by Lloyds

Lloyds Banking Group has awarded £30B investment contract to the world's largest asset manager Blackrock, it announced on Friday.

Fri, 12 Oct 2018 09:04:35 GMT

ArcelorMittal plans asset sale to Liberty House

The world's biggest steel producer ArcelorMittal is planning a sale of the company's steelmaking facilities in Macedonia, Romania, Italy and the Czech Republic to Liberty House.

Fri, 12 Oct 2018 08:38:33 GMT

Britain to reduce hybrid vehicle subsidies

Britain is planning to cut the hybrid vehicle subsidies, as the country aims to focus on the pure electric models, fueling industry trade body due to a sharp decline in auto sales in Europe.

Fri, 12 Oct 2018 07:27:48 GMT

Dubai's Dragon Oil to invest $500M in gas and oil assets next year

The Dubai-based ENOC's subsidiary Dragon Oil is planning to invest around $500M in 2019 into gas and oil assets on the back of worldwide expansion strategy, its CEO stated.

Fri, 12 Oct 2018 07:23:09 GMT

Britain's WH Smith to close six stores amid restructuring plan

WH Smith announced it would shut down six high street shops and one franchisee initiative in the company's revamp plan to deal with sliding consumer spending, sending its shares down over 8% on Thursday.

Fri, 12 Oct 2018 06:37:08 GMT

Air Transat's deal with Thomas Cook likely to expand

On Friday, the CEO of Air Transat stated that the partnership between Canada's carrier and the UK Thomas Cook's airline arm could expand and would include interlining and codesharing.

Fri, 12 Oct 2018 06:33:21 GMT

Blackstone nears £800M deal to acquire NEC Group

Blackstone Group is close to the £800M worth deal to acquire NEC Group, the UK live events business, according to a Sky News report published on Thursday.

Fri, 12 Oct 2018 05:22:14 GMT

China coal imports plunge in September

According to report published by the General Administration of Customs, China's coal imports in September dropped by 12% or 25.14M tonnes, thus reaching the lowest number since May.

Fri, 12 Oct 2018 05:18:06 GMT

Tencent Music postpones US IPO

According to sources familiar with the matter, Tencent Music has decided to delay its initial public offering (IPO) in the United States at least until November in order to wait for markets stabilization.

Fri, 12 Oct 2018 03:10:50 GMT

German expansion limited by labour shortages, trade disputes

Germany's economy was losing steam amid rising trade tensions and skilled workers' lack, limiting the expansion prospects for the economy, the country's Economy Minister Peter Altmaier stated.

Fri, 12 Oct 2018 03:02:02 GMT

Shell to sell Venezuela's JV stake to Maurel & Prom

Royal Dutch Shell was negotiating the sale of stake in Venezuela's oil joint venture to France's Maurel & Prom (MAUP.PA), sources stated, in a move to scale down the crude business to focus on gas.

Fri, 12 Oct 2018 02:37:18 GMT

Mexico to protect exporters of steel exporters from Canada's measures

Mexico is set to take action to protect own steel exporters in the near term, after Canadian measures covered so,e products, according to a statement from the Mexican Economy Ministry.

Fri, 12 Oct 2018 02:32:36 GMT

Australia's economy to keep expanding

The Australian economy is expected to grow markedly over the next years on strong resource exports and booming infrastructure spending, though falling house prices and trade tensions are likely to hurdle ahead.

Thu, 11 Oct 2018 20:13:54 GMT

Japan issues financial warning

The Finance Minister of Japan Taro Aso on Thursday announced that the recent appreciation of the Yen and stock market volatility could damage the country's economy.

Thu, 11 Oct 2018 20:13:45 GMT

Wells Fargo increases lobbyism

As Well Fargo has fallen out of lawmakers grace due to recent scandals, the bank has begun to lobby their reputation by financing charity in certain lawmaker districts.

Thu, 11 Oct 2018 19:10:28 GMT

US senators probe Google

Three senators of the Republican Party have filed a request to Alphabet to explain the recent vulnerabilities of Google+ network.

Thu, 11 Oct 2018 19:10:17 GMT

Sears wants to sell assets

The CEO of Sears Holdings Eddie Lampert revealed on Thursday that he is looking for a buyer for the company's assets as an alternative for traditional bankruptcy.

Thu, 11 Oct 2018 18:02:50 GMT

Recent stock retracement wipes out one trillion dollars

The selloff that is occurring in the financial markets has wiped out one trillion US Dollars in equity value since the 2018 peak level.

Thu, 11 Oct 2018 18:02:34 GMT

Brazilian leftist candidate promises reforms

On Thursday, Fernando Haddad announced in an interview that, if he would be elected President of Brazil, he would start a tax and bank reform.

Thu, 11 Oct 2018 16:51:46 GMT

US stocks decline on Thursday

Stocks on Wall Street plummeted on Thursday. Although, the drop was smaller than during the previous trading session.

Thu, 11 Oct 2018 16:51:15 GMT

US inflation slows in September

In September the US Consumer Price Index rose less than it was forecast by market participants. Namely, prices increased by 0.1% instead of the forecast 0.2%.

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