News

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Sat, 28 Sep 2019 17:36:12 GMT

Brazil's Campos stresses importance of reforms

The head of Brazil's Central Bank Roberto Campos reminded on Thursday that economic reforms were vital for the achievement of sustainable growth of the country's economy.

Sat, 28 Sep 2019 16:33:19 GMT

China marks importance of relations with India

The Chinese Ambassador to India Sun Weidong highlighted on Thursday the importance of the development of relations of two neighbouring countries for the rest of the world.

Sat, 28 Sep 2019 15:27:22 GMT

Trump's envoy for Ukraine steps down

The US President Donald Trump's special envoy to Ukraine, Kurt Volker, has stepped down from his post on the back of an impeachment investigation of Trump, the State Press reported.

Sat, 28 Sep 2019 13:49:19 GMT

UK to bring back 16.7K Thomas Cook travellers on Saturday

The British Civil Aviation Authority announced that 76 flights were scheduled for Saturday to repatriate 16.7K of people to Britain after the collapse of the world's oldest travel company Thomas Cook.

Sat, 28 Sep 2019 12:47:28 GMT

France's Aigle Azur to halt activities as court refuses rescue bids

Aigle Azur, France's budget airline, ceased its activities at midnight on Friday, after the commercial court had rejected financial rescue bids, the French government said in a statement.

Sat, 28 Sep 2019 11:59:44 GMT

FTC asks AbbVie, Allergan for more info on $63B deal

The US Federal Trade Commission urged the botox maker Allergan and biopharmaceutical company AbbVie Inc to provide more information regarding their $63.0B deal, the firms announced.

Sat, 28 Sep 2019 11:00:56 GMT

China, Russia promise to strengthen strategic cooperation

The Chinese State Councilor and Foreign Minister Wang Yi and the Russian Foreign Minister Sergei Lavrov have agreed to strengthen cooperation between the two countries on the sidelines of the UN General Assembly.

Sat, 28 Sep 2019 10:36:02 GMT

China logistics sector expands

The logistics sector in China expanded 5.8% in the first eight months of 2019, compared to the same period the prior year, the China Federation of Logistics and Purchasing reports.

Sat, 28 Sep 2019 09:04:58 GMT

Italy to cooperate with China closely

The Belt and Road Initiative provides great opportunities for cooperation between China and Italy, the Italian Deputy Minister for Foreign Affairs and International Cooperation Marina Sereni says.

Sat, 28 Sep 2019 08:34:14 GMT

China approves new IPOs

The China Securities Regulatory Commission has approved IPOs of Keeson Technology, Lucky Harvest and Shaoxing BSM Chemical, a statement published by the authority shows.

Sat, 28 Sep 2019 06:57:48 GMT

SoftBank wants to turn WeWork around

According to a report published by Bloomberg, SoftBank Group Corp is calling its COO, Marcelo Claure, to help the company to turn around WeWork.

Sat, 28 Sep 2019 06:16:49 GMT

Mylan NV to pay $30M fine

The US Securities and Exchange Commission stated on Friday that Mylan NV has agreed to pay a $30M fine for hiding information from investors.

Sat, 28 Sep 2019 05:32:10 GMT

Herbalife Nutrition to pay $20M compensation

The US Securities and Exchange Commission announced on Friday evening that Herbalife Nutrition has agreed that it made deceptive statements regarding its activity in China and agreed to pay $20M compensation.

Sat, 28 Sep 2019 02:50:50 GMT

Facebook's Libra launch likely to be delayed

The release of Facebook's Libra cryptocurrency could be delayed due to regulatory concerns raised across the world, with Germany and France pledging to block it from operating in Europe, while Facebook still plans to launch it next year.

Sat, 28 Sep 2019 02:31:37 GMT

Tod's names ex-Google executive to boost digital effort

Italy's Tod's named Alessandra Domizi, the former Fashion & Retail Industry head at Google, as its new Chief Digital & Innovation Officer, as the leather and shoes goods company seeks to boost its on-going digital transformation.

Fri, 27 Sep 2019 20:00:19 GMT

P&G, Nestle to miss 2020 deforestation targets

The world's two biggest consumer goods firms, Procter & Gamble and Nestle told Reuters this week that the companies are set to fall short of goals to only ingredients, which do not contribute to deforestation by 2020.

Fri, 27 Sep 2019 19:29:10 GMT

Fiat Chrysler to pay $40M on inflated sales data

Fiat Chrysler and its US unit is set to pay $40M for misleading investors over the company's monthly sales data and is likely resolve lengthy probe by the US SEC.

Fri, 27 Sep 2019 18:16:17 GMT

Axel Springer buys MeilleursAgents

German's publisher Axel Springer announced that it completed the acquisition of MeilleursAgents, France's online real estate agent, in a $219M deal.

Fri, 27 Sep 2019 17:04:18 GMT

EZ economic sentiment at five-year low

The economic sentiment in the Euro zone plunged to the lowest level in five years at 101.7 points in September, as trade tensions affected confidence in industry.

Fri, 27 Sep 2019 16:30:42 GMT

Yandex launches video service to rival YouTube

Russia's internet giant Yandex was launching a video-streaming service in a bid to rival Google's YouTube, which will allow users to publish videos on Yandex Zen, personal recommendation platform.

Fri, 27 Sep 2019 15:15:23 GMT

US consumer spending growth slows

The US consumer spending grew 0.1% in August, while business investment remained weak, suggesting the country's economy lost momentum amid trade tensions' linger.

Fri, 27 Sep 2019 14:35:24 GMT

Latam Airlines shares surge stake purchase news

On Friday, LATAM Airlines Group's shares surged over 30%, after Delta Air Lines stated it would acquire the company's 20% stake for $1.9B, building a major new carrier partnership.

Fri, 27 Sep 2019 13:39:40 GMT

AMS raises offer for Germany's Osram

Austria's sensor maker AMS has raised its takeover bid for Osram, the German lighting group, to €41.00 for a share or €4.9B, adding fuel to the fire in a bidding war with rivals.

Fri, 27 Sep 2019 12:39:04 GMT

Wells Fargo appoints new CEO on Friday

On Friday, Wells Fargo & Co appointed Charles Scharf, the CEO of Bank of New York Mellon, as the lender's new interim CEO to replace Allen Parker starting from October 21.

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