News

Note: This section contains information in English only.
Fri, 03 Aug 2018 14:08:53 GMT

Dish reports profit increase

The US satellite television provider Dish Network Corp reported on Friday an increase in quarterly profit, as a result of lower than projected number of lost subscribers.

Fri, 03 Aug 2018 13:02:37 GMT

China views latest tariffs as rational

The Commerce Ministry of China stated on Friday that its latest proposed tariffs on $60B worth American goods were rational and moderate, adding that the country reserves a right to adopt new measures in case of continuation of a trade war.

Fri, 03 Aug 2018 13:02:25 GMT

Italian stocks down amid tensions in government

The value of Italian bonds and stocks in Italian financial institutions decreased on Friday amid concerns over new round of disputes in the recently formed government.

Fri, 03 Aug 2018 11:55:15 GMT

GoDaddy misses analysts' estimates for web hosting sales

GoDaddy.com, the Internet domain provider, reported on Thursday its sales from the web hosting business below the Wall Street estimates, bringing the company's shares down 4%.

Fri, 03 Aug 2018 11:55:05 GMT

Spain's Almirall to buy five dermatology brands for $650M

On Friday, Spain's pharmaceutical firm Almirall stated it had agreed to acquire five dermatology brands from the US company Allergan in a cash-deal valued at $650M.

Fri, 03 Aug 2018 11:24:00 GMT

GoPro views revenue to top forecasts, eyes three new cameras

GoPro, the action camera producer, is expecting its revenue of the current-quarter to beat the Wall Street forecasts, it said on Thursday, adding it is also planing to introduce three new cameras.

Fri, 03 Aug 2018 11:10:15 GMT

Amazon faces fine from Italy over unauthorised postal services

On Thursday, AGCOM, the Italian communications regulator stated it fined Amazon €300K, as the world's largest retailer had been offering unauthorised postal services.

Fri, 03 Aug 2018 10:04:06 GMT

Financial Times reporters complain about CEO's salary

A faction of reporters from Financial Times have announced their complaints about the fact that the CEO of FT has earned almost $3.6 million.

Fri, 03 Aug 2018 09:59:07 GMT

Chinese state buys sells US Dollar

Various banks belonging to the Chinese state were dumping the US Dollar on Friday in an effort to stop the fall of the Chinese Yuan.

Fri, 03 Aug 2018 09:39:22 GMT

Activision Blizzard's Q2 profit tops estimates on Call of Duty sales

Activision Blizzard bet the wall Street forecasts for the Q2 profit this Thursday, boosted by its blockbuster videogame "Call of Duty" strong sales.

Fri, 03 Aug 2018 09:25:30 GMT

FCC issues rules for 5G networks spectrum auction

On Thursday, the Federal Communications Commission announced measures for bidding on the high-band spectrum necessary to build the next generation of the 5G wireless networks.

Fri, 03 Aug 2018 08:04:34 GMT

Huawei expects smartphone shipments to exceed 200M this year

China's Huawei Technologies is expecting its global smartphone shipments to exceed over 200M in 2018, a recovery following a sharp decline the previous year.

Fri, 03 Aug 2018 07:55:10 GMT

Symantec to cut 8% of workforce, lowers revenue estimates

On Thursday, the antivirus software developer Symantec announced it would cut 8% of its workforce worldwide, as it seeks to bolster profit margins, adding it had also slashed its annual revenue forecast.

Fri, 03 Aug 2018 07:38:23 GMT

STMicro shares surge on news of Infineon interest last year

Shares of the technology firm STMicroelectronics surged 1.5% on Wednesday, following Bloomberg's report that Germany's peer Infineon had raised its takeover interest in the company in 2017.

Fri, 03 Aug 2018 07:31:52 GMT

Ant Financial, Didi Chuxing in talks over joint Ofo buy-out

Alibaba's Ant Financial and China's ride-hailing firm Didi Chuxing are discussing a potential joint buy-out offer for Ofo that could value the bike-sharing start-up at up to $2.0B.

Fri, 03 Aug 2018 06:39:18 GMT

Drugmaker Eli Lilly's Elanco Anial Helath arm files for listing

On Thursday, the drugmaker Eli Lilly's Elanco Animal Health unit has filed for an IPO with the US regulators, seeking to finalise the number of shares for the offering as soon as possible.

Fri, 03 Aug 2018 06:33:55 GMT

Swiss Re considers ReAssure listing for 2019

Swiss Re is looking at an initial public offering of ReAssure, the British closed book business, in 2019, as its net profit plunged 17% in this year's first half.

Fri, 03 Aug 2018 02:32:00 GMT

Heineken to sell China business to CR Beer for $3.1B

Heineken NV stated that it agreed to sell Chinese operations and take a 40% stake in a company controlling the country's largest beer maker China Resources Beer in a $3.1B worth deal.

Fri, 03 Aug 2018 02:29:17 GMT

China's new business growth slowest since December 2015

The Chinese services sector expanded at the slowest pace in the four-month period in July amid the weakest growth in new business since December 2015, a survey revealed.

Thu, 02 Aug 2018 20:05:57 GMT

Netanyahu cancels Colombia visit due to Gaza talks

On Thursday, the Prime Minister of Israel Benjamin Netanyahu claimed that he has cancelled his planned trip to Columbia because of the situation near Gaza strip. 

Thu, 02 Aug 2018 19:59:26 GMT

BMW beats quarter estimates

On Thursday, German carmaker BMW reported smaller-than-expected 6% decline of operating profit in the second quarter of 2018 despite the new anti-pollution law and trade tensions between Germany and the US.

Thu, 02 Aug 2018 19:39:46 GMT

Israel warns about military response if Iran blocks Bab al-Mandeb strait

On Wednesday, the Prime Minister of Israel Benjamin Netanyahu claimed that Israe lwas ready to deploy its army if Iran was to block the Bab al-Mandeb strait which leads to the Red Sea.

Thu, 02 Aug 2018 19:32:07 GMT

Mexico Economy Minister says talks with US to cover NAFTA issues

On Thursday, the Economy Minister of Mexico Ildefonso Guajardo claimed that talks with the US regarding the North American Free Trade Agreement (NAFTA) will cover all current disagreements between Mexico and the US on trade.

Thu, 02 Aug 2018 18:39:34 GMT

US Senator Paul to meet Russian Deputy Foreign Minister Ryabkov

On Thursday, Russian state-owned news agency Interfax reported that US senator Rand Paul is planning to meet Deputy Foreign Minister of Russia Sergei Ryabkov on August 6 during the US delegation's trip to Moscow.

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