News

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Sat, 25 Jan 2020 16:00:20 GMT

China Merchants Bank reports profit growth

One of the largest lenders in China, China Merchants Bank, has reported a profit growth of 10.05% in 2019, a statement from the Shanghai Stock Exchange shows.

Sat, 25 Jan 2020 15:00:15 GMT

Orders in German construction sector rise

The construction sector in Germany received new orders with a total value of $7.8B in November, an increase of 10.3% from the previous year, the Federal Statistical Office reports.

Sat, 25 Jan 2020 14:18:07 GMT

Passenger flow in Moroccan airports rises

The number of passengers in Moroccan airports reached an all time high of 25.1M in 2019, an increase of 11.18% from 2018, the Moroccan Airports Authority reports.

Sat, 25 Jan 2020 13:00:42 GMT

Japan to approve $40B supplementary budget

The Japanese parliament plans to approve an additional spending of $40.77B to support local businesses and reconstruction efforts after a series of natural disasters.

Sat, 25 Jan 2020 12:13:04 GMT

German SME confident despite slowdown

German small and medium sized enterprises remain confident despite the economic slowdown, a report published by the consulting firm Ernst & Young shows.

Sat, 25 Jan 2020 11:12:42 GMT

BT, Vodafone seek support for Huawei

Britain's BT and Vodafone plan to ask the Prime Minister Boris Johnson not to ban China's Huawei mobile equipment, sources say.

Sat, 25 Jan 2020 10:07:46 GMT

CATL projects profit growth

Chinese lithium-ion battery producer, CATL, projected 20-45% growth of its net profit amid rapid development of new energy vehicle industry.

Sat, 25 Jan 2020 09:22:07 GMT

Trump increases tariffs on metals

On Friday, the US President Donald Trump raised tariffs on derivative aluminum and steel products by another 10% and 25%.

Sat, 25 Jan 2020 07:59:44 GMT

Walmart testing higher starting wage for certain workers

Walmart's spokesperson Jami Lamontagne said on Friday that the company would be testing a higher minimum wage of $12 an hour for some employees.

Sat, 25 Jan 2020 07:05:20 GMT

Bombardier approaches Alstom and Hitachi for possible merger

According to sources with knowledge of the matter, Bombardier has approached Japan's Hitachi and France's Alstom for a possible rail merger deal.

Sat, 25 Jan 2020 05:42:54 GMT

European Commission asks ECJ to freeze new Polish law

On Friday, the European Commission has filed an application before the European Court of Justice, asking the court to suspend Poland's law, set up to discipline judges.

Sat, 25 Jan 2020 05:37:52 GMT

Angola could ask Portugal to Freeze dos Santos' assets

On Friday, Helder Pitta Gros, Angola's prosecutor, said that Angola may request Portugal's government to confiscate assets belonging to Isabel dos Santos, the daughter of Angola's former President.

Sat, 25 Jan 2020 04:09:10 GMT

Intel shares hit highest level in nearly two decades

On Friday, shares of Intel Corp reached its highest level in almost two decades, as the demand for cloud computing lifted Intel's data center business.

Sat, 25 Jan 2020 03:04:56 GMT

Boeing planning to cut 787 Dreamliner production

According to people with knowledge of the matter, Boeing is thinking to cut production of its 787 Dreamliner to 10 aircraft a month, amid a shortage of orders from China.

Fri, 24 Jan 2020 21:04:52 GMT

Bombardier approaches Alstom and Hitachi for possible merger

According to sources with knowledge of the matter, Bombardier has approached Japan's Hitachi and France's Alstom for a possible rail merger deal.

Fri, 24 Jan 2020 19:56:58 GMT

Crude oil prices decline more than 2%

On Friday, crude oil prices edged lower by more than 2%. Brent crude futures were down by 2.3%, at $60.62 at 11:49 EST.

Fri, 24 Jan 2020 19:07:30 GMT

European shares edge higher on Friday

On Friday, European stocks edged higher, as the Purchasing Managers Index (PMI) came in slightly better-than-expected. The Pan-European STOXX 600 climbed 0.9%.

Fri, 24 Jan 2020 17:45:54 GMT

Italy's Poste sets aside €200M for tech partnerships

Poste Italiane set aside €200M for tech partnership deals agreements, while four agreement have been already signed.

Fri, 24 Jan 2020 16:57:00 GMT

Siemens buys Indian C&S Electric in $296M deal

Siemens bought Indian electrical equipment producer C&S Electric in a $296.21M deal, the German industrial group announced on Friday.

Fri, 24 Jan 2020 15:41:44 GMT

Canada's retail sales increase 0.9%

Canada's retail sales grew more-than-expected 0.9% in November, offsetting the prior month's decline, amid higher sales of motor vehicles and food and beverage.

Fri, 24 Jan 2020 14:44:23 GMT

Daimler to manufacture 50K Mercedes EQC models in 2020

Daimler is planning to build 50K of Mercedes EQC electric vehicles in 2020, dispelling doubts of Manager Magazin that claimed the carmaker was forced to cut the 2020 production targets amid battery supply problems.

Fri, 24 Jan 2020 14:08:04 GMT

Italy's Poste rolls out new payment technology

Poste Italiane is rolling out its new Codice PostePay payment technology based on QR codes, which allows customers to pay for services only by using their mobile phone, as the ex-monopolist aims to lure more clients among small businesses in Italy.

Fri, 24 Jan 2020 13:36:18 GMT

AmEx Q4 profit tops analysts' forecasts

On Friday, American Express, the credit card issuer, reported its fourth-quarter profit had topped analysts' estimates on strong holiday season spending in the United States.

Fri, 24 Jan 2020 12:33:22 GMT

Poland's LOT to acquire German carrier Condor

LOT, the Polish airline, is acquiring Germany's carrier Condor, previously owned by Thomas Cook; however, the financial details had not been revealed yet, Reuters reported on Friday.

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