News

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Mon, 15 Apr 2019 07:32:34 GMT

Aramco takes Hyundai Oilbank's $1.2B stake

Saudi Aramco agreed to acquire a stake worth $1.2B in Hyundai Oilbank, the South Korean oil refiner, as the state-owned petroleum and national gas company seeks to expand its foothold in Asia.

Mon, 15 Apr 2019 07:18:47 GMT

Vivendi posts jump in Q1 sales

France's Vivendi reported on Monday its Q1 sales surged 10.7% from last year to €3.46B, boosted by the media conglomerate's recent takeover of the publishing business Editis and UMG music unit growth.

Mon, 15 Apr 2019 06:11:47 GMT

Trump's re-election campaign attracts over $30M in Q1

The re-election campaign of the US President Donald Trump raised over $30M in the current year's first quarter, outpacing the total attracted by individual Democratic nominees during that period.

Mon, 15 Apr 2019 06:11:37 GMT

Lyft removes e-bikes from three US cities

Lyft has removed thousands of its electric bikes from Washington, San Francisco and New York, after receiving complaints about braking, the ride-hailing service announced on Sunday.

Mon, 15 Apr 2019 05:28:00 GMT

VW seeks battery partners to set Gigafactories

Volkswagen is calling on its energy battery partners, including South Korea's SK Innovation, Samsung SDI and LG Chem, to establish electric vehicle battery plants that will have no less than one Gigawatt production capacity, its CEO Herbert Diess said on Monday.

Mon, 15 Apr 2019 05:20:39 GMT

Singapore's private home sales soar in March

Singapore's private home sales by developers surged 47.2% in March, compared to the same period last year, the country's Urban Redevelopment Authority showed on Monday.

Mon, 15 Apr 2019 04:36:11 GMT

Waste Management to purchase smaller rival for $2.9B

The Wall Street Journal announced in its Sunday report that the Houston-based Waste Management would buy its smaller competitor Advanced Disposal Services in an all-cash deal worth $2.9B.

Mon, 15 Apr 2019 04:30:17 GMT

Catalent takes over Paragon Bioservices

The drug developer Catalent is set to acquire the privately-owned, gene-therapy oriented Paragon Bioservices in a deal valued at $1.2B, according to the Wall Street Journal's report on Sunday.

Mon, 15 Apr 2019 03:32:50 GMT

US to use all tools to keep Maduro accountable

The United States is set to use all political and economic tools at its disposal to keep Venezuela's President Nicolas Maduro accountable for his country's crisis, the US State Secretary Mike Pompeo stated.

Mon, 15 Apr 2019 03:30:14 GMT

British car insurance premiums decline 1% in Q1

The comprehensive car insurance policy's cost fell 1% in the UK in the first quarter, affected by uncertainty over the rate used to calculate the Civil Liability Bill and compensation for personal injury.

Sun, 14 Apr 2019 20:29:19 GMT

Mobile phones' market to decrease this year

Shipments of mobile phones were expected to reach 1.8B units this year, a 0.5% fall year-on-year, though the market is forecast to return to expansion with 1.2% higher shipments next year.

Sun, 14 Apr 2019 20:27:31 GMT

Shell in $300M initiative to address CO2 emissions

Shell announced plans to invest $300M in a three-year programme within the company's strategy to act over global climate changes, including addressing CO2 emissions.

Sun, 14 Apr 2019 19:36:15 GMT

PC sales fall globally 4.6% in Q1

PC unit shipments declined worldwide almost 4.6%t year-over-year in the Q1 of this year, due to CPU supply constraints, political instability and weak demand.

Sun, 14 Apr 2019 19:35:24 GMT

Mubadala's unit buys $130M Equinox Gold's notes

Mubadala Investment ‘s wholly-owned subsidiary MDC Industries completed a $130M subscription for convertible notes issued by Equinox Gold.

Sun, 14 Apr 2019 18:26:15 GMT

Domino's to buy up troubled Denmark's operation

Domino's Pizza agreed to pay $4M for the Danish franchise after the local operator of the region went into administration.

Sun, 14 Apr 2019 18:25:56 GMT

Mazda recalls almost 190K cars

Mazda was recalling nearly 190K Mazda 3 compact vehicles in the US due to the possible fail of windshield wipers.

Sun, 14 Apr 2019 17:15:16 GMT

Trump: Fed should start crisis-era stimulus

The US President Donald Trump stated that actions by the Fed have nicked the country's economic growth and stock market gains 30%, and that it should start to pump money into the economy as it was done during the crisis.

Sun, 14 Apr 2019 17:12:30 GMT

Italy's growth to strengthen in H2

Giovanni Tria, the Economy Minister of Italy, announced expectations for the country's growth to pick up in the H2 of 2019, as measures to revive a stagnant economic expansion take effect.

Sun, 14 Apr 2019 16:34:00 GMT

VW to contend Tesla in China

Volkswagen announced plans to build an electric SUV for China in the period from 2021, competing with the local market leader Tesla's Model X, as Germany's carmaker ramps up zero emissions vehicles' production.

Sun, 14 Apr 2019 16:24:57 GMT

Moscovici: EZ budget to have stabilising role

Pierre Moscovici, the EC for Economic and Financial Affairs, stated that the future EZ budget is likely to have to take over the task of softening economic shocks in spite of current resistance from Northern European countries.

Sun, 14 Apr 2019 15:14:04 GMT

Uber rises spending on autonomous vehicle technology

Uber Technologies spent more than $1B autonomous car technology to compete with majors such as Apple, Alphabet and General Motors, with the company's filing for IPO showing $475M in R&D expenses for self-driving unit.

Sun, 14 Apr 2019 14:57:48 GMT

Etisalat to spend $1B on digital transformation

UAE-based telecoms major Etisalat announced plans to invest $1.09B in digital transformation, fibre and mobile networks in 2019, the company's CTO stated.

Sun, 14 Apr 2019 14:33:31 GMT

Japan: sales tax to be increased as scheduled

Taro Aso, the Japanese Finance Minister, promised to global finance leaders that the country will move ahead with sales tax hike as scheduled in October, even as weakening global expansion darkened the outlook for the economy.

Sun, 14 Apr 2019 14:30:43 GMT

Subaru to recall 5K cars in China

Japan's automaker Subaru is expected to recall more than 5K vehicles sold in China due to possible safety hazards.

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