News

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Thu, 14 Feb 2019 20:12:57 GMT

Trump's negotiators to meet Xi tommorow

The White House Economic Adviser Larry Kudlow stated on Thursday that the government's two senior negotiators would met China's leader Xi Jinping tomorrow in another attempt to settle the dispute between two countries.

Thu, 14 Feb 2019 20:09:09 GMT

EU to allow Ireland to solve border issue

According to sources familiar with the matter, the European Union would give Ireland time and a certain freedom of action for conclusion of border agreement with Northern Ireland in case the UK leaves the block without a deal.

Thu, 14 Feb 2019 19:00:48 GMT

Vale admits failure of its safety measures

The CEO of Brazilian top miner Vale Fabio Schvartsman stated on Wednesday that safety measures adopted by the company were not enough to prevent collapse of the dam.

Thu, 14 Feb 2019 19:00:43 GMT

William Barr becomes US Attorney General

The US Senate on Thursday confirmed William Barr's candidacy to the post of Attorney General.

Thu, 14 Feb 2019 18:14:14 GMT

Alibaba buys 8% stake in China's Bilibili

Alibaba Group Holding, the Chinese e-commerce giant, announced it had taken an 8% stake in the local video platform Bilibili, according to a report published by the Xinhua news agency on Thursday.

Thu, 14 Feb 2019 18:09:57 GMT

Billionaire Bollore plans leaving Vivendi's board

One of the Vivendi controlling shareholders and board members, the billionaire Vincent Bollore, is set to leave the company's board on April 15 on the back of his withdrawal from businesses.

Thu, 14 Feb 2019 17:23:49 GMT

Nestle Skin Health faces strong interest in its sale

Nestle's CEO Mark Schneider stated on Thursday that the sale process regarding the Nestle Skin Health division faced a strong interest from suitors, who were lining up to acquire the unit.

Thu, 14 Feb 2019 17:10:40 GMT

Elliott offers "superior" alternative for EDP

On Thursday, the activist investor Elliott has proposed a "superior" plan to the Portuguese utility EDP's shareholders than a bid made by China Three Gorges, including boosting €6.7B from asset sales.

Thu, 14 Feb 2019 16:32:58 GMT

Widex, Sivantos get EU approval for merger

Germany's Sivantos and the Danish hearing aid developer Widex are expecting to complete its $8.3B worth merger deal next month, following an approval from the EU regulators.

Thu, 14 Feb 2019 16:29:05 GMT

Ant Financial agrees to acquire WorldFirst

On Thursday, China's consumer finance giant Ant Financial stated it had agreed to acquire the British currency exchange WorldFirst, in a deal that could be potentially valued at $700M, but the companies did not disclose the deal's financial terms.

Thu, 14 Feb 2019 14:26:57 GMT

Mitsubishi, Nissan and Renault reconfirm significance of alliance

On Thursday, the Chief Executive Officers of Mitsubishi, Renault and Nissan for the first time met together and reconfirmed the importance of their triumvirate.

Thu, 14 Feb 2019 14:22:12 GMT

Investors pressure Deutsche Bank's leadership

According to sources familiar with the matter, Deutsche Bank's largest investors intensified pressure on the company's CEO Christian Sewing to make necessary changes in the investment part of business.

Thu, 14 Feb 2019 13:31:37 GMT

Renault sets 6% profit goal for 2019

The Renault CEO Thierry Bollore stated on Thursday that the company would aim to achieve only a 6% profit growth rate this amid market uncertainties and complexities with currencies.

Thu, 14 Feb 2019 13:27:08 GMT

More sanctions means more risk for Russia

The Sberbank CEO German Graf stated on Thursday that possible introduction of new American sanctions would mean the additional risk of Russia's economy and noted that the country's banks must be prepared for adverse situations.

Thu, 14 Feb 2019 12:01:32 GMT

European shares reach three-month high on US-China trade talks

European stocks reached a three-month high on Thursday. The surge was attributed to the ongoing US-China trade talks.

Thu, 14 Feb 2019 12:01:21 GMT

Mnuchin optimistic on US-China trade talks, as deadline looms

Steven Mnuchin, the US Treasury Secretary, said he is looking forward to the trade negotiations in China on Thursday, as talks moved to a higher level.

Thu, 14 Feb 2019 10:57:44 GMT

Apple to resume selling older iPhone models in German stores

On Thursday, Apple Inc said that it would resume the shipment of iPhones with only Qualcomm chips to its stores in Germany.

Thu, 14 Feb 2019 10:57:35 GMT

Airbus to stop making A380 superjumbo jet

Airbus Inc said on Thursday that it would stop production of the iconic superjumbo A380 jet due to lacklustre sales.

Thu, 14 Feb 2019 10:15:14 GMT

Kremlin says Russia's economy can withstand new US sanctions

On Thursday, Kremlin spokesman Dmitry Peskov said that the Russian economy could withstand any new US sanctions.

Thu, 14 Feb 2019 10:14:13 GMT

UK's PM set to lose another Brexit vote in Parliament

On Thursday, the UK Prime Minister Theresa May could lose another Brexit vote in the British Parliament, over her plan l to renegotiate the backstop Brexit deal.

Thu, 14 Feb 2019 09:26:21 GMT

China cancels trade talks with UK

According to the The Sun newspaper, the China's Deputy Prime Minister, Hu Chunhua has decided to cancel talks with the British Finance Minister Philip Hammond after Gavin Williamson's threat to send a naval vessel in the Pacific.

Thu, 14 Feb 2019 09:21:51 GMT

US and India hold trade talks

According to a source familiar with the matter, the US and Indian officials started talks on investment and trade even though the US Commerce Secretary Wilbur Ross did not arrive because of bad weather conditions.

Thu, 14 Feb 2019 08:35:24 GMT

EU awaits vote on Brexit amendments

The UK Trade Minister Liam Fox stated on Thursday that the European government took the pause to see how British lawmakers would vote on Theresa May's amendments to deal on Brexit.

Thu, 14 Feb 2019 08:31:26 GMT

Russian ruble depreciates amid US sanctions

On Wednesday, the Russian ruble fell by nearly 1% against the US Dollar, as the American Senate adopted new legislation on sanctions against Russia.

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