News

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Fri, 10 May 2019 18:10:49 GMT

Bostic says Fed might cut rates

Raphael Bostic, the Atlanta Federal Reserve's President, said that tariff hikes might prompt the US Federal Reserve to cut interest rate if consumers retreat.

Fri, 10 May 2019 17:51:12 GMT

Guedes says economic situation in Argentina is critical

Paulo Guedes, the Brazilian Economy Minister, stated on Friday that Argentina's economy is in a critical situation.

Fri, 10 May 2019 16:52:55 GMT

Amazon meets with employees in Poland

On Friday, Amazon held talks with workers in Poland after the unions threatened to strike, as employees demanded higher pay and better working conditions in distribution centres.

Fri, 10 May 2019 16:52:44 GMT

Viacom beats quarterly profit estimates

Revenue at Viacom Inc, the US media giant, beat quarterly estimates. The gain was credited to the success of movies "What Men Want" and "Bumblebee".

Fri, 10 May 2019 16:03:37 GMT

US to create plan to support American farmers

Sonny Perdue, the US Agriculture Secretary, said that President Donald Trump had directed him to prepare a plan to support the US farmers amid China trade tensions.

Fri, 10 May 2019 16:03:29 GMT

Uber to make long-awaited stock market debut

Uber Technologies Inc is prepared to make its debut on the New York Stock Exchange on Friday, as the company hoped to avoid Lyft's fate.

Fri, 10 May 2019 15:06:41 GMT

Wall Street slides on Friday

US Stocks edged lower on Friday. The decline was related to the growing trade tensions between the United States and China.

Fri, 10 May 2019 15:04:41 GMT

Trump says no rush to finalise trade deal with China

On Friday, the US President Donald Trump stated that he was in absolutely no rush to sign a trade agreement with China, as the US imposed new tariffs on the Chinese goods.

Fri, 10 May 2019 14:39:27 GMT

Danish firm Abacus resume plans on IPO

Abacus Medicine, the Danish drug merchant, which purchases medicines in the EU's cheaper parts to re-sell them in Germany and other more expensive markets, announced on Friday it would revive plans for an IPO in Germany.

Fri, 10 May 2019 14:35:32 GMT

Thai Siam Cement buys Indonesia's Fajar

Siam Cement Group, Thai biggest industrial conglomerate, has taken a 55 percent stake in PT Fajar Surya, the Indonesian paper packaging firm, in a deal valued at $665M, the company stated on Friday.

Fri, 10 May 2019 12:51:23 GMT

SBI receives two offers for Jet Airways

On Friday, State Bank of India stated it had received two unsolicited offers for the debt-laden Jet Airways, nearly 30 days after the struggling airline grounded all its operations amid funding troubles.

Fri, 10 May 2019 12:51:14 GMT

Thyssenkrupp ready for tie-ups in plant, car parts units

Thyssenkrupp is open to partnerships in its plant engineering and car parts divisions, seeking for the best development option, the company's CEO stated, adopting an approach taken by Siemens.

Fri, 10 May 2019 12:37:59 GMT

Ferrovie CEO refuses to comment on Alitalia rescue deal

Gianfranco Battisti, the Ferrovie dello Stato CEO has declined to comment on Friday on the infrastructure group Atlantia's possible involvement in Alitalia rescue deal, citing the ongoing talks are highly confidential.

Fri, 10 May 2019 11:00:26 GMT

Trump's tariffs go ahead

On Friday, it was announced by the US officials that, despite the US-China trade talks taking place in Washington, new tariffs are expected to be set on Chinese goods.

Fri, 10 May 2019 10:59:54 GMT

UK and EU are expected to make a deal

On Friday, it was announced by Reuters that in accordance with an expert poll the EU and UK will agree upon a free trade deal.

Fri, 10 May 2019 09:47:09 GMT

Stocks are set for worst week this year

By the middle of Friday's global trading, global stock indices slightly recovered. Despite that global stocks were expected to book its worst performing week since December 2018.

Fri, 10 May 2019 09:46:33 GMT

Chinese bad loans reach record level

On Friday, Chinese officials announced that non-performing loans at Chinese commercial banks has reached to $317.66 billion. This is a sixteen year high level.

Fri, 10 May 2019 09:35:02 GMT

Norway's Okea seeks to attract $100M in IPO

Okea ASA, the Norwegian oil company, is set to apply for the Oslo Stock Exchange initial public offering, seeing its shares to begin trading by the end of June, the firm stated on Friday.

Fri, 10 May 2019 09:28:27 GMT

SoftBank shares drop on Uber IPO price

Shares in Japan's SoftBank Group plunged as much as 5.5% on Friday, after its tech bet Uber Technologies had priced its IPO at the targeted range's low end.

Fri, 10 May 2019 08:37:20 GMT

Brewin Dolphin to acquire Investec's wealth unit

Britain's Brewin Dolphin agreed to acquire the Irish wealth business owned by Investec in a cash-deal valued at $49M that is likely to make the firm one of the top-three wealth managers in the country.

Fri, 10 May 2019 08:33:09 GMT

Thyssenkrupp to explore elevators business' partial listing

Thyssenkrupp is exploring a listing or carve-out of the elevators business, as the German company abandoned plans on splitting itself up with the cross-shareholding structure.

Fri, 10 May 2019 07:36:20 GMT

Subaru sees recovering sales to bolster profit

Japan's Subaru stated on Friday it expected vehicle sales to recover this year, seeking to boost its 2019 profit, and bouncing back from the previous year when the carmaker's earnings halved amid production delays.

Fri, 10 May 2019 07:32:03 GMT

Danske Bank names ex-ABN Amro banker as CEO

On Friday, Danske Bank announced it had appointed the former ABN Amro executive Chris Vogelzang as the lender's new CEO to replace the interim CEO Jesper Nielsen appointed last October, following Thomas Borgen's resignation.

Fri, 10 May 2019 06:35:25 GMT

Kinder Morgan Canada to preserve independence

Kinder Morgan Canada stated it would preserve its independence after the pipeline company's strategic view that explored possible options, including sale of the firm.

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