News

Note: This section contains information in English only.
Sat, 21 Dec 2019 15:19:31 GMT

Ford to recall over 600K old cars

Ford published a recall of select Lincoln MKZ, Ford Fusion and Mercury Milan cars for a brake issue, affecting more than 600K old vehicles.

Sat, 21 Dec 2019 14:00:53 GMT

SEB Bank fined €1.79M

The Latvian financial regulator has imposed a €1.79M fine on SEB Bank for infringements of international sanctions and non-compliance with AML rules.

Sat, 21 Dec 2019 13:16:26 GMT

Lone Star to make $3.5B purchase

Lone Star, the private equity company, has concluded a deal to acquire BASF's construction chemicals unit for $3.51B.

Sat, 21 Dec 2019 11:52:58 GMT

UK approves Cobham's purchase

On Saturday, the UK government has approved Cobham's acquisition by Advent International for $5B.

Sat, 21 Dec 2019 11:05:55 GMT

Italy refuses to sponsor Alitalia

The Industry Minister of Italy Stefano Patuanelli stated on Saturday that the governmnet would not put taxpayers' money into Alitalia anymore.

Sat, 21 Dec 2019 10:29:01 GMT

Nord Stream 2 to resist US pressure

Nord Stream 2 AG stated on Saturday that it would do everything to complete the project despite the new set of countermeasures from the United States.

Sat, 21 Dec 2019 09:25:33 GMT

UK approves Advent's Cobham takeover

Britain approved Advent International's $5B purchase of defence firm Cobham after the group made commitments to tackle national security concerns.

Sat, 21 Dec 2019 08:31:42 GMT

Lone Star to acquire construction chemicals unit of BASF

Lone Star has entered an agreement to buy construction chemicals unit of BASF for €3.17B on a debt-free and cash basis.

Sat, 21 Dec 2019 06:41:09 GMT

Ukraine, Russia deal on gas transit to EU

Moscow and Kiev signed the agreement covering the supply of Russia's gas via Ukraine to Europe in the main step towards finalising the deal.

Sat, 21 Dec 2019 06:29:18 GMT

MSC to re-route cargoes amid French strikes

Container shipping firm MSC stated that it was implementing plans to re-route container ships from French ports, if necessary, amid strikes in the country.

Sat, 21 Dec 2019 05:11:33 GMT

PayPal finishes acquisition of GoPay

PayPal announced that it completed an acquisition of equity interest of 70% in GoPay after approval of the transaction by the PBoC.

Sat, 21 Dec 2019 04:27:26 GMT

ViacomCBS to take stake in Miramax

Media company ViacomCBS announced that it is set to take a stake of 49% in Miramax, the film studio owned by BeIN Media Group, in a $375M deal.

Sat, 21 Dec 2019 00:06:54 GMT

France fines Google for opaque ad rules

France's watchdog fined Google €150M for abusing power on the treatment of advertisers, adding that it applied opaque rules.

Fri, 20 Dec 2019 21:18:58 GMT

Fiat unions get assurances on investment, jobs

Unions at Fiat Chrysler stated that management provided assurances and a plan of €5B investment in Italy, following the group's merger with PSA.

Fri, 20 Dec 2019 20:32:09 GMT

Nike reports strong quarterly results

Nike's quarterly profit and revenue surpassed Wall Street expectations on strong Chinese sales, though growth in North America was lower than expected.

Fri, 20 Dec 2019 19:17:54 GMT

China's e-cigarette industry to cut staff, slow production

China's e-cigarette industry laid off nearly 50K people since October, almost 10%, as tighter regulation in China and the US smother the sector.

Fri, 20 Dec 2019 17:29:44 GMT

NTT, Mitsubishi to buy 30% in HERE

HERE Technologies announced that it sold a stake of 30% to Nippon Telegraph and Telephone and Mitsubishi, diluting carmakers' stake to 54%.

Fri, 20 Dec 2019 16:43:22 GMT

BlackBerry beats revenue forecast

BlackBerry surpassed quarterly revenue estimate on higher security software and licensing sales, sending shares 5.8% up in premarket trading.

Fri, 20 Dec 2019 15:44:08 GMT

J&J to acquire remaining stake in Verb Surgical

Johnson & Johnson stated that it is set to acquire Verb Surgical, buying the remaining stake from Verily, in a bid to bolster digital surgery portfolio.

Fri, 20 Dec 2019 14:40:35 GMT

Shell cuts sales forecast

On Friday, Royal Dutch Shell announced that it is cutting its quarterly oils product sales forecast, as there is decreasing demand for gas and oil.

Fri, 20 Dec 2019 13:40:37 GMT

UK revises economic growth

During the third quarter of this year, UK economy has grown more than previously thought. The economy had grown by 0.4% instead of the 0.3% estimate.

Fri, 20 Dec 2019 12:40:56 GMT

UK names new Bank of England Governor

The new government of the United Kingdom on Friday announced that Andrew Bailey from the Financial Conduct Authority would be the next Governor of the Bank of England.

Fri, 20 Dec 2019 11:49:33 GMT

China comments on imports

On Friday, Chinese officials announced that China would import more than $40 billion of agriculture goods from the US, as agreed upon in the Phase 1 of the US-China trade deal.

Fri, 20 Dec 2019 10:40:41 GMT

Stocks surge on Friday

During Friday's Asian and European trading sessions, global stock indices surged and reached record high levels.

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