News

Note: This section contains information in English only.
Tue, 24 Sep 2019 18:01:10 GMT

Boris Johnson questions Thomas Cook salaries

In the aftermath of Thomas Cook collapse, the Prime Minister of the United Kingdom Boris Johnson questioned why the executives of the company were paid high salaries.

Tue, 24 Sep 2019 17:21:44 GMT

German prosecutors indict VW bosses

On Tuesday, current and prior CEOs and the Chairman of Volkswagen were indicted by the Prosecutor's Office of the city of Braunschweig.

Tue, 24 Sep 2019 15:43:40 GMT

Trump speaks to UN

The President of the United States Donald Trump on Tuesday made his case to the UN about pressuring Iran. The speech created an impact on crude oil prices.

Tue, 24 Sep 2019 14:41:06 GMT

Supreme Court rules on Brexit

On Tuesday, the Supreme Court of the United Kingdom ruled that the Parliament suspension done by the Prime Minister of the United Kingdom Boris Johnson was unlawful.

Tue, 24 Sep 2019 14:23:15 GMT

Poland's mBank shares rise on possible sale plan

On Tuesday, shares in Poland's mBank surged 5.7% to $86.90, the highest level since the beginning of August, on the back of speculation about Commerzbank potential plans to sell mBank's 69.3% stake worth around $2.56B.

Tue, 24 Sep 2019 13:38:48 GMT

Saudi Aramco listing unlikely to take place this year

Saudi Arabia is unlikely to launch an initial public offering of its state-owned oil titan Aramco this year, following attacks on its facilities that took place this month. according to two sources familiar with the matter.

Tue, 24 Sep 2019 11:50:52 GMT

TomTom says its car deals worth $1.76B

On Tuesday, TomTom stated its deals with automakers are worth around $1.76B, as the Dutch navigation firm sought to accelerate its revenue growth and explored a share buyback programme.

Tue, 24 Sep 2019 10:41:21 GMT

Samsung Display to invest $11B in South Korea's LCD plant

Samsung Display is planning to invest $11B into South Korea's liquid crystal display plant to boost manufacturing of more advanced screens, according to a Yonhap news agency report seen on Tuesday.

Tue, 24 Sep 2019 09:40:25 GMT

European shares resume surge

On Tuesday, European stock markets started the day's trading with a surge, despite suffering biggest losses in a month during Monday's trading.

Tue, 24 Sep 2019 08:50:45 GMT

Allianz, Nippon bid to buy Aviva's Asia arms

MS&AD Insurance, Nippon Life and the German insurer Allianz have entered the race with rivals to acquire the Vietnam and Singapore businesses of UK's Aviva in a deal potentially worth up to $2.5B, according to sources.

Tue, 24 Sep 2019 08:31:41 GMT

Topsports launches up to $1.2B HK IPO

On Tuesday, Topsports International Holdings, Belle International's sportswear business, has launched an initial public offering in Hong Kong of up to $1.2B, selling around 930M shares with the indicative price band of $1.06-$1.29 per share, Reuters reported.

Tue, 24 Sep 2019 06:41:21 GMT

Thomas Cook shareholder considers how to sell firm

Thomas Cook's second-biggest shareholder stated the oldest travel firm would be sold in parts or as a whole after its collapse, adding the decision would be made after reviewing possible offers.

Tue, 24 Sep 2019 05:45:05 GMT

Boeing to face EU antitrust probe over Embraer bid

Boeing will face an EU antitrust probe into the planemaker's bid for a majority stake in Embraer's commercial aircraft unit, valuing it at $4.75B, and sending the Brazilian aircraft producer's shares 2.1% down on the news.

Tue, 24 Sep 2019 04:47:01 GMT

Hyundai Motor Group to invest in self-driving car JV

Hyundai Motor Group is planning to invest $1.6B in a new joint venture with Aptiv to develop automotive vehicle technologies, marking the latest overseas investment by the South Korean automaker to overtake rivals in the self-driving car market.

Tue, 24 Sep 2019 04:37:47 GMT

Facebook acquires brain science start-up

On Monday, Facebook announced it had acquired CTRL-labs, the New York-based firm that is exploring communication between people and computers by using brain signals, in a deal valued at $1.0B.

Tue, 24 Sep 2019 03:43:56 GMT

AB InBev Asian unit raises $5B

AB InBev raised nearly about $5B after the Hong Kong IPO of the company's Asia-Pacific business, sources said.

Tue, 24 Sep 2019 02:33:30 GMT

Honda to stop diesel car sales

Honda Motor announced that it would cease sales of all diesel cars in he EU by 2021 in favour of electric models, as the automaker is set to electrify vehicles by 2025.

Mon, 23 Sep 2019 19:46:38 GMT

Klaas Knot comments on European budgets

The Governor of the Dutch Central Bank Klaas Knot stated on Monday that budget rules for countries in the Euro Zone should be simplified to focus on desired debt levels not deficit.

Mon, 23 Sep 2019 18:44:14 GMT

Euro Zone banks hike rates

On Monday, despite the recent Euro Zone rate cut done by the ECB, banks had increased the rates, at which they lend to one another. The rate increases are undermining ECB monetary policy.

Mon, 23 Sep 2019 16:45:52 GMT

Oil prices steady on Monday

At the start of the US trading session, crude oil price benchmarks ended their previous surge, as Saudi Arabia claimed that nearly 75% of lost output had been restored.

Mon, 23 Sep 2019 15:50:41 GMT

US stocks recover losses

At the start of US trading, US stock indices surged and erased prior losses. The surge was attributed to the better than expected US PMI survey results.

Mon, 23 Sep 2019 15:40:26 GMT

Top UK court makes announcement

On Monday, the Supreme Court of the United Kingdom announced that it would rule on Tuesday on the suspension of the UK Parliament.

Mon, 23 Sep 2019 14:40:58 GMT

ECB's Knot comments on stimulus

On Monday, Member of the Governing Council of the European Central Bank Klaas Knot stated that the recently started stimulus program is disproportionate.

Mon, 23 Sep 2019 13:41:41 GMT

Deutsche Bank might give staff to BNP

On Monday, BNP Paribas announced that a deal between Deutsche Bank and BNP could move up to 1,000 of Deutsche staff to BNP.

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