News

Note: This section contains information in English only.
Fri, 07 Sep 2018 18:19:59 GMT

Wall Street declines after Trump threatens further tariffs on Chinese imports

On Friday, the S&P 500 and the Dow Jones edged lower after the US President Donald Trump threatens further tariffs worth of $267 billion on Chinese imports.

Fri, 07 Sep 2018 18:19:39 GMT

US and Japan begin trade talks

On Friday, the US President Donald Trump said that the United States and Japan had started talks on trade.

Fri, 07 Sep 2018 17:01:44 GMT

Italy FinMin attempts to reassure EU on debt, deficit

Valdis Dombrovskis, the Vice President of the European Commission, stated that Italy understood that it should cut the structural deficit and reduce public debt in the country's 2019 budget, after talks with the Finance Minister Giovanni Tria.

Fri, 07 Sep 2018 17:01:16 GMT

US should adopt British style bank mortage curbs, risk buffers

The United States should deploy tools to tackle banks' excessive risk-taking and unwise mortgage lending, following the example of the Bank of England, Donald Kohn , the former Fed Vice Chairman, stated.

Fri, 07 Sep 2018 15:56:38 GMT

ECB reveals need for EU agency to tackle money laundering

Benoit Coeure, the ECB Board Member, stated that Europe needs an agency to combat money laundering, following cases at the EU banks, which exposed gaps in the ability of the bloc to prevent financial crime.

Fri, 07 Sep 2018 15:56:22 GMT

ExxonMobil, China discuss $10B investment in Guangdong

Executives of ExxonMobil and China's officials discussed a $10B investment by the US-based company in the province of Guangdong, China's state TV report showed.

Fri, 07 Sep 2018 15:18:28 GMT

US wages grow by strongest since 2009

The US Labor Department's employment report revealed that wages marked the largest yearly gain in the nine-year period of 2.9% in the month of August.

Fri, 07 Sep 2018 15:15:42 GMT

US job growth accelerates in August

The US Labour Department reported that the country's non-farm payrolls added 201K in August, fulled by hiring at wholesalers, professional and business services and construction sites.

Fri, 07 Sep 2018 14:27:53 GMT

Third Point seeks to reorganise Campbell Soup's board

Third Point, the hedge fund of the activist investor Daniel Loeb stated on Friday it was looking at replacing Campbell Soup's entire board, already nominating a slate of new directors.

Fri, 07 Sep 2018 14:03:42 GMT

Italy's Generali considers buying France's Syncomore

Assicurazioni Generali, the Italian largest insurer, stated it had been in talks to acquire the majority of France's investment company Sycomore and form a partnership.

Fri, 07 Sep 2018 13:26:26 GMT

Alstom, Siemens hope for rail merger despite Australia's concerns

Alstom and Siemens stated this Thursday they were expecting the rail merger to go ahead in the first half of 2019, despite the concerns raised by Australian competition watchdog.

Fri, 07 Sep 2018 13:19:00 GMT

Airbus no longer in discussion to sell Premium Aerotec unit

On Thursday, Airbus SE stated it was no longer in negotiations over a sale of the Premium Aerotec parts subsidiary that was producing large plane components.

Fri, 07 Sep 2018 12:26:34 GMT

Pinnacle Asset acquires Sierentz's natural gas trading unit

On Thursday, Pinnacle Asset Management, the natural resources and commodities investor, stated its had acquired Sierentz Global Merchants' natural gas trading business, not disclosing the financial terms of the deal.

Fri, 07 Sep 2018 12:20:32 GMT

Playtech sells 10% stake in Pluss500 for $228M

Playteh has sold its 10% stake in Plus500, the retail online trading platform, in a deal valued at $228M, as it seeks to refinance debt.

Fri, 07 Sep 2018 11:36:00 GMT

AirAsia's Philippine arm expects IPO to be delayed until mid-2019

The Philippine division of AirAsia stated this Friday that its initial public offering could be postponed to mid-2019, amid high fuel costs.

Fri, 07 Sep 2018 11:16:55 GMT

Investors file $10.7B suit against VW over dieselgate scandal

Volkswagen is facing a trial scheduled for the next week as the carmaker's investors demand for a $10.7B worth compensation for not being informed by the company about the September 2016 diesel pollution row before the the regulators did.

Fri, 07 Sep 2018 10:00:21 GMT

British Airways website suffers an attack

Approximately 380,000 payments were affected by a data breach into the website of British Airways, embarrassing the company.

Fri, 07 Sep 2018 09:59:57 GMT

Ferrari shareholders elect new CEO

The new CEO of Ferrari will be Louis Camilleri who in a shareholder meeting announced that he will have the same success as his predecessor.

Fri, 07 Sep 2018 09:02:07 GMT

Chinese conglomerate dumps Deutsche Bank

The Chinese conglomerate HNA has announced plans to dump all of its holdings in the German bank Deutsche Bank.

Fri, 07 Sep 2018 09:01:27 GMT

UK citizens expect central bank rate hikes

A Bank of England Survey on Friday revealed that British citizens are expecting the central bank to raise their interest rates in the next 12 months.

Fri, 07 Sep 2018 08:33:24 GMT

Elanco Animal Health unit hopes to attract $1.45B in IPO

Eli Lilly's unit Elanco Animal Health is planning to raise up to $1.45B in an initial public offering, betting on a rising demand for animal health firms among investors.

Fri, 07 Sep 2018 08:26:27 GMT

Britain's BTG acquires US vascular device maker

BTG Plc acquired Novate Medical, the US medical device producer, adding to the British healthcare company's portfolio a vascular device, designed to manage blood clots.

Fri, 07 Sep 2018 07:36:29 GMT

Elliott calls for new restructuring proposal at Hyundai Motor

Elliott Management, the US activist hedge fund, has demanded a fresh revamp at Hyundai Motor Group, after it had forced the South Korean company to abandon its reform plan three months ago.

Fri, 07 Sep 2018 05:11:16 GMT

Austria calls for dialogue with US and Russia

The Foreign Minister of Austria Karin Kneissl called the European Union on Thursday to start dialogue with the United States and Russia on resolution of the Syrian conflict.

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