News

Note: This section contains information in English only.
Tue, 05 Feb 2019 20:20:45 GMT

Germany might take firm stakes to protect under-threat industry

On Tuesday, Peter Altmaier, the German Economy Minister, stated Germany was ready to take stakes in firms to protect some major technology areas from foreign takeovers on the back of the country's new industrial strategy.

Tue, 05 Feb 2019 18:50:32 GMT

Merck CEO will testify before US Senate

On Tuesday it was announced that the Chief Executive Officer of Merck intends to testify before the US Senate in a hearing related to drug pricing.

Tue, 05 Feb 2019 18:50:24 GMT

Kaplan comments on Federal Reserve

A member of the Federal Open Markets Committee Robert Kaplan announced on Tuesday that most likely US interest rates will remain unchanged for several months.

Tue, 05 Feb 2019 18:20:42 GMT

US retail sales are expected to reach $3.8 trillion

The National Retail Federation of the United States on Tuesday announced that US retail sales should reach above $3.8 trillion during 2019.

Tue, 05 Feb 2019 18:20:14 GMT

France proposes EU competition rule overhaul

On Tuesday, French officials announced that the country will propose an overhaul of EU competition legislation. The official proposal will occur during the next couple of months.

Tue, 05 Feb 2019 17:09:09 GMT

Rosneft likely to launch share buyback this year

Russia's oil producer Rosneft may launch a buyback of shares in 2019, the company's official stated on Tuesday, adding that the final decision is depending on various factors.

Tue, 05 Feb 2019 17:03:04 GMT

HSBC to slash dozens of its investment banking staff

HSBC is planning to trim dozens of its market business and investment banking jobs, as part of its plan to cut costs to protect the company's dividends.

Tue, 05 Feb 2019 16:23:59 GMT

Alstom has no plans to appeal if Siemens deal scrapped

France's train manufacturer Alstom is unlikely to file an appeal against the possible rejection by the EU regulators of its deal with Siemens, the company's CEO Henri Poupart-Lafarge stated on Tuesday.

Tue, 05 Feb 2019 16:18:05 GMT

Apple agrees with France to pay back-dated tax

Apple, the US technology giant, has signed an agreement with French authorities to pay an undisclosed amount of the back-dated tax, potentially worth $571M, according to French media.

Tue, 05 Feb 2019 15:38:33 GMT

VW seeks Swedish investors to lead Traton IPO

Volkswagen has entered talks with the Swedish investors, AP Fund 1 & 4, AMF, Folksam and Investor AB, as it seeks them to become the major shareholders in its dual IPO of the Traton trucks unit.

Tue, 05 Feb 2019 15:30:15 GMT

TIM auditors unable to meet Vivendi request on meeting

Telecom Italia auditors stated they were unable to comply with the major investor Vivendi's request for holding the shareholder meeting potentially planned for this month with the aim to replace five members of the board.

Tue, 05 Feb 2019 14:00:46 GMT

GSK wins rights to Merck's immunotherapy

GlaxoSmithKline has boosted its pipeline for cancer drug development on Tuesday and agreed to pay about $4.22B to the German firm Merck KgaA for its rights to immunotherapy.

Tue, 05 Feb 2019 13:51:40 GMT

GM to add 1K jobs to Michigan's Flint pickup truck plant

On Tuesday, General Motors announced it would add 1K new workers to establish heavy-duty pick-up trucks at the company's plant in Michigan, giving the priority to the ex-GM employees.

Tue, 05 Feb 2019 13:31:28 GMT

T-Mobile vows to halt price growth if merger approved

On Tuesday, the T-Mobile US announced it would halt the price growth for three years, including some exceptions, if it received an approval to acquire its competitor Sprint Corp in a deal worth $26B.

Tue, 05 Feb 2019 11:51:14 GMT

US allows emission claims against Daimler to proceed

On Tuesday, it was revealed by Reuters that a US judge has allowed to proceed to almost all claims against Daimler AG in regards to excess emissions in diesel cars.

Tue, 05 Feb 2019 11:50:51 GMT

EU, Qatar close to finalise air services deal

The European Union and Qatar are entering the final stages of completing the comprehensive air transport deal covering fair transparency and competition, the Qatar Airways CEO stated on Tuesday.

Tue, 05 Feb 2019 10:55:56 GMT

Nissan calls extraordinary shareholder meeting

Nissan Motor on Tuesday announced that the company will hold a shareholder meeting on April 8 to formally change the chairman of the company.

Tue, 05 Feb 2019 10:27:04 GMT

Britain's FirstGroup seeks regional bus unit sale

FirstGroup, the British transport company, has launched a sale of one of its biggest regional bus divisions in Manchester in the cut-price deal worth as little as £20.0M, according to the Telegraph.

Tue, 05 Feb 2019 10:15:37 GMT

GE to finalise transportation arm spin-off soon

General Electric stated it had expected to finalise the merger deal between its transportation unit and Wabtec Corp by February 25, setting record date for the shares distribution.

Tue, 05 Feb 2019 09:33:05 GMT

Mubadala sells 34.9M shares in AMD chipmaker

Abu Dhabi's Mudabala has sold 34.9M common equity shares of Advanced Micro Devices, planning to convert about 75M warrants in the US chipmaker, the company's spokesperson stated on Tuesday.

Tue, 05 Feb 2019 09:23:45 GMT

Germania airline files for insolvency

On Tuesday, the German carrier Germania announced about filing for an insolvency, planning to terminate its flight operations immediately due to a stronger dollar and growing fuel prices.

Tue, 05 Feb 2019 08:14:38 GMT

Panasonic shares drop on profit warning

Shares in Panasonic plunged as much as 6.5% on Tuesday on the EV battery developer's report about a fall in its quarterly profit, cutting its annual forecast, and after its rival Tesla's announcement about the battery deal with Maxwell.

Tue, 05 Feb 2019 08:10:58 GMT

Merkel lays out conditions for Huawei's role in 5G network

On Tuesday, Germany's Chancellor Angela Merkel has made conditions for Huawei Technologies' participation in building the 5G network, saying the Chinese tech giant must guarantee it would not hand over the private data to China.

Tue, 05 Feb 2019 07:28:07 GMT

Boeing to accelerate 737 jet production

Boeing is seeking to speed up the production of its 737 jetliner to 57, compared to the current rate of 52, in early June, as the company is trying to keep up with the surging global demand and its EU rival.

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