News

Note: This section contains information in English only.
Wed, 09 Oct 2019 02:21:10 GMT

EU accuses UK of playing blame game over Brexit

On Tuesday, the European Council President Donald Tusk accused the UK Prime Minister Boris Johnson of playing Brexit blame game after a Number 10 source said that a deal was overwhelmingly unlikely.

Tue, 08 Oct 2019 20:10:27 GMT

H&M's Afound to focus on online growth

The newest independent business of the fashion retailer H&M, outlet brand Afound, is set to focus more on its online expansion and less on increasing physical stores than previously planned.

Tue, 08 Oct 2019 19:02:33 GMT

GM's strike impacts 150K industry workers

The lingering strike at General Motors is expected to have hit 150K workers in the auto industry and result in $660M profit hit, the report from AEG revealed on Tuesday.

Tue, 08 Oct 2019 18:05:12 GMT

Deutsche Bank: no plans for extra job cuts

Deutsche Bank announced that there were no plans for more job cuts beyond the 18K positions the Bank had previously announced.

Tue, 08 Oct 2019 16:55:59 GMT

UK productivity falls markedly

Productivity in Britain in the UK by fastest in yearly terms, falling 0.5% during the second quarter, the biggest drop since 2014, the ONS stated.

Tue, 08 Oct 2019 15:51:17 GMT

Domino's shifts outlook on weaker sales

Domino's Pizza missed Wall Street forecasts for profit and same-store sales in the quarter, affected by higher competition from other delivery services, sending shares down 6%.

Tue, 08 Oct 2019 15:23:46 GMT

Netflix partners with Mediaset

Netflix signed a deal with Mediaset, the Italian top commercial broadcaster, to produce films within the country, both companies stated on Tuesday, in efforts to increase viewers due to tough competition.

Tue, 08 Oct 2019 13:57:00 GMT

HK Exchange cancels offer to buy LSE

The Hong Kong Exchanges and Clearing stated on Tuesday that it has recalled its $39 billion offer to buy the London Stock Exchange Group.

Tue, 08 Oct 2019 12:47:55 GMT

Japan tightens ownership reporting

On Tuesday, it was announced by Japanese officials that the government is tightening requirements for reporting foreign investment.

Tue, 08 Oct 2019 12:22:07 GMT

Merkel talks with Boris Johnson

On Tuesday, a Reuter's source revealed that the Chancellor of Germany Angela Merkel has told the PM of the United Kingdom Boris Johnson that a Brexit deal is overwhelmingly unlikely.

Tue, 08 Oct 2019 10:56:27 GMT

Stock surge pauses

On Tuesday, global stocks paused their surge, as lower than expected earnings were reported by various companies in Europe.

Tue, 08 Oct 2019 10:28:37 GMT

Oil climbs on Tuesday

During the early trading of Tuesday, crude oil price benchmarks surged, as tensions in Iraq and Ecuador put at risk oil supply from these countries.

Tue, 08 Oct 2019 09:00:28 GMT

French luxury group Kering cuts Puma stake

Kering, the French luxury group, has taken steps to cut its stake in Puma by issuing about $550 million bonds, which is due in 2022.

Tue, 08 Oct 2019 08:04:24 GMT

Prospects for progress in US-China trade talks dim

On Tuesday, hopes for a trade deal between the United States and China diminished after the US blacklisted China's firms over the Chinese treatment of the Muslim ethnic group.

Tue, 08 Oct 2019 07:06:29 GMT

Aviation and tourism sector to UAE's GDP will double in 20 years

According to the International Air Transport Association, aviation and tourism's share to the United Arab Emirates's GDP would double in the next 20 years to $128 billion.

Tue, 08 Oct 2019 06:12:07 GMT

Thousands of climate-change protesters block streets globally

Thousands of protesters taking part in demonstrations organised by the climate change protest group Extinction Rebellion took to the streets in major cities throughout the world on Monday.

Tue, 08 Oct 2019 04:41:02 GMT

Trump comments on trade deal

On Monday, the President of the United States Donald Trump stated that a quick US-China trade deal is unlikely.

Tue, 08 Oct 2019 04:30:44 GMT

Caixin PMI falls to low level

On Tuesday, the publication of the Caixin Services PMI revealed that the indicator has declined to a seven month low level of 51.3.

Tue, 08 Oct 2019 02:41:02 GMT

Shinzo Abe comments on Bank of Japan

The Prime Minister of Japan Shinzo Abe on Tuesday avoided a question from the Parliament about monetary easing by stating that he expects the Bank of Japan to evaluate benefits and costs of any policy.

Tue, 08 Oct 2019 02:24:50 GMT

More states join Facebook probe

On Monday, it was revealed by Reuters that nearly forty states are expected to send their state attorneys to participate in a legal probe of Facebook.

Mon, 07 Oct 2019 19:45:46 GMT

Dialog Semiconductor buys Germany's Creative Chips

On Monday, the chip producer Dialog Semiconductor announced it had signed a deal to acquire Germany's Creative Chips to tap into low-energy connectivity that is used for the IoT devices, giving the company a strong foothold in the IoT market.

Mon, 07 Oct 2019 19:19:21 GMT

Brazilian unit of C&A seeks to attract $540M in IPO

The Dutch fashion retailer C&A's Brazilian unit, C&A Modas SA, together with its shareholders are seeking to raise up to $542M in a planned initial public offering in Brazil, a securities filing showed on Monday.

Mon, 07 Oct 2019 17:41:35 GMT

Boris Johnson urges EU

On Monday, the Prime Minister of the United Kingdom Boris Johnson urged the European Union to respond to his Brexit plan.

Mon, 07 Oct 2019 16:41:10 GMT

NY Fed gives out $47.05 billion

It was revealed on Monday that the New York Federal Reserve has handed out $47.05 billion in overnight repurchase agreements to keep the Fed Funds Rate below 2.00%.

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