News

Note: This section contains information in English only.
Mon, 04 Feb 2019 11:08:36 GMT

Oil prices reach high level

Crude oil prices on Tuesday touched the $64 level. Financial media attributed the surge to the situation in Venezuela and the continuation of OPEC production cuts.

Mon, 04 Feb 2019 11:08:01 GMT

Australia will crack down on financial sector

On Monday, Australian officials announced that they will crack down on misconduct in the financial sector. Two dozen cases have been referred for legal action already.

Mon, 04 Feb 2019 10:39:09 GMT

Apple to issue FaceTime update next week after bug

Apple is set to launch a new update for its video chat software FaceTime this week, after reporting a privacy bug that has been already fixed, the tech giant said.

Mon, 04 Feb 2019 10:36:09 GMT

Julius Baer to trim jobs amid poor profitability

Julius Baer is planning to trim up to 140 jobs, which is 2% of its workforce, on the back of the company's plan to cut costs announced this Monday, following a tough end of 2018.

Mon, 04 Feb 2019 09:39:31 GMT

Indivior to sell treatment rights to China's Zhejiang

The drugmaker Indivior stated on Monday it was selling the rights tied with its Chinese opioid addiction treatment Sai Bo Song to the privately-owned Zhejiang Pukang Biotechnology for about $122.5M.

Mon, 04 Feb 2019 09:18:19 GMT

Euronext likely to sweeten bid for Oslo Bors

On Monday, Euronext, the pan-EU stock market operator, stated it might sweeten its bid for Oslo Bors, as Nasdaq had made a rival proposal.

Mon, 04 Feb 2019 08:25:50 GMT

Taptica confirms merger with RhythmOne

Taptica International, the video advertising company, confirmed on Monday it would combine with its competitor RhythmOne in an all-share merger deal, which now was awaiting shareholders' approval.

Mon, 04 Feb 2019 08:17:43 GMT

Ryanair reports €20M Q3 loss on weaker fares

On Monday, Ryanair reported a €20M loss in the Q3 on weaker fares, saying it sees them to continue over the year, after weak fares had made the company to trim its annual forecast again two weeks ago.

Mon, 04 Feb 2019 07:29:15 GMT

Flybe approached by Stobart's ex-CEO with alternative bid

Stobart's former CEO Andrew Tinkler has approached the British carrier Flybe, which is being acquired by the Stobart Group, Virgin Atlantic and Cyrus Capital-led consortium, with a potential alternative financing proposal.

Mon, 04 Feb 2019 07:25:17 GMT

Goldman Sachs to invest in fintech app Bud

Goldman Sachs is planning a $20M investment into the HSBC-backed financial technology app Bud, both companies stated on Monday, as Goldman is seeking partnership with fintech firms.

Mon, 04 Feb 2019 06:00:56 GMT

Delta seeks selling its East Coast refinery

Delta Air Lines is trying to sell its East Coast oil refinery in Pennsylvania, after the Atlanta-based airline failed to offer the plant's partial stake last year.

Mon, 04 Feb 2019 05:56:17 GMT

GM in talks over $2.73B investment in Brazil

General Motors announced it had entered talks over making a $2.73B investment into Brazil until 2024, after the last month's warning that new investment deals would depend on profit results.

Mon, 04 Feb 2019 05:39:28 GMT

China's Maoyan makes weak start in HK listing

China's largest film-ticketing platform by sales backed by Tencent, Maoyan Entertainment, plunged 2.7% in its stock debut in Hong Kong on Monday, joining the weak starts string among the Chinese tech companies IPO in a financial hub.

Mon, 04 Feb 2019 05:32:31 GMT

HMV gets last-minute bid from Sunrise Records

HMV, the British music retailer, received the last-minute bid from the Canadian group Sunrise Records, in a move to rescue it from administration, according to the Financial Times' report.

Mon, 04 Feb 2019 03:04:03 GMT

Germany to face budget deficits next years

Germany is expected to face budget shortfall of $29B by 2023, unless the country diminishes spending, when tax revenues are likely to fall, while public sector wages are set to increase.

Mon, 04 Feb 2019 02:59:12 GMT

China to cut tax for low-income workers, graduates

China is likely to introduce tax cuts for low-income workers and small businesses run by new graduates in the country's bid to increase spending and offset a slowdown in the economy.

Sun, 03 Feb 2019 20:43:32 GMT

Trump comments on US military in Iraq

The US President Donald Trump on Sunday announced in an interview that he wants the US military to remain in Iraq and the region so that it can be a deterrent to Iran.

Sun, 03 Feb 2019 20:43:23 GMT

Russia will host summit on February 14

On Sunday, Russian officials announced that the representatives of Russia, Turkey and Iran will meet in Russia on February 14.

Sun, 03 Feb 2019 20:10:47 GMT

Nissan scraps plans for production in Britain

Nissan representatives announced on Sunday that the company is cancelling plans to build new Nissan X-trail cars in the United Kingdom.

Sun, 03 Feb 2019 20:10:07 GMT

Russia objects to possible intervention in Venezuela

On Sunday, as the US President announced that the US military might intervene in Venezuela, Russian officials protested to the comments.

Sun, 03 Feb 2019 19:03:57 GMT

Egypt plans to extend presidential term

A senior Egyptian lawmaker said on Sunday that Egypt plans to extend the presidential term from four years to six years.

Sun, 03 Feb 2019 19:03:28 GMT

Norway plans to build floating tunnel

The Norwegian government plans to invest about $45 billion for the development of submerged floating tunnels.

Sun, 03 Feb 2019 18:01:49 GMT

Loiseau says EU need to change competition rules

The French European Affairs Minister Nathalie Loiseau said on Sunday that EU competition rules was absurd and needed to be improved.

Sun, 03 Feb 2019 18:00:52 GMT

Kosovo's Parliament passes 2019 budget

On Sunday, Kosovo's Parliament approved the budget of 2019 after the country's opposition party agreed to back the minority government.

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