News

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Tue, 03 Jul 2018 06:35:54 GMT

Renault makes mandatory offer to buy out rest of Avtovaz shares

Renault's Russian unit has made a mandatory proposal to buy out the rest of shares in the state-owned carmaker Avtovaz, the French company stated on Monday.

Tue, 03 Jul 2018 04:44:29 GMT

Trump blocks China Mobile US entry

The President of the United States Donald Trump has blocked China Mobile from entering the US telecommunications market naming national security as the reason for the decision.

Tue, 03 Jul 2018 04:42:17 GMT

Malaysian rail link is expected to cost $20 billion

The completion of the Malaysian biggest rail project is set to cost $20B, which is 50% higher than the early estimates made under the previous government.

Tue, 03 Jul 2018 04:25:38 GMT

ThetaRay raises investment for anti-money laundering

Israeli ThetaRay, which develops cyber threat prevention software, has raised additional $30M for the development of financial crime and money laundering prevention systems.

Tue, 03 Jul 2018 04:25:00 GMT

Chinese stocks decline to historical low level

On Tuesday, Chinese stocks fell down to a nine month low level. Financial media blamed trade war tensions for the decline.

Tue, 03 Jul 2018 03:00:27 GMT

PwC to pay FDIC $625.3M on bank's collapse

A federal judge stated that PricewaterhouseCoopers must pay $625.3M in damages to the FDIC for failing to uncover fraud, which led to one of the biggest bank failures of the financial crisis.

Tue, 03 Jul 2018 02:55:40 GMT

Boeing, Embraer near final agreement

Planemakers Boeing and Embraer prepared contracts of the proposed tie-up and are anticipated to submit them to the government of Brazil within two weeks, local newspaper Valor Economico stated.

Tue, 03 Jul 2018 02:35:33 GMT

ADM to buy France's animal feed firm Neovia for $1.8B

Archer Daniels Midland Company was in exclusive talks to take over France's animal nutrition business Neovia for $1.8B within a plan of the US farm giant to expand in the fast-growing sector of animal nutrition.

Tue, 03 Jul 2018 02:31:41 GMT

BOJ to change inflation forecasts for this, next fiscal years

The Bank of Japan is expected to cut inflation forecasts for current fiscal year and the year to March 2020 later this month, as price pressures would remain stubbornly weak, sources familiar with the matter stated.

Mon, 02 Jul 2018 20:32:33 GMT

Italy's unemployment drops to lowest level since 2012

The unemployment rate in Italy declined by 0.3% to 10.7% in May compared to the previous month, the National Institute of Statistics reports.

Mon, 02 Jul 2018 20:31:39 GMT

UN head announces American as deputy representative in Libya

The UN Secretary-General Antonio Guterres announced Stephanie T. Williams of the United States as his deputy representative for political matters in Libya.

Mon, 02 Jul 2018 20:24:33 GMT

Cyprus central bank re-estimates 2018 growth up to 4.1%

The Central Bank of Cyprus increased the estimate of the country's 2018 economic growth to 4.1% from 3.4%, the bank watchdog reports.

Mon, 02 Jul 2018 20:23:35 GMT

German industrial orders increase

New orders in Germany's industrial sector increased after a slump at the beginning of the year, the Ifo Institute for Economic Research reports.

Mon, 02 Jul 2018 17:47:58 GMT

China to enhance cooperation with Laos

China will closely work with Laos to further improve the bilateral strategic partnership between the two nations, a Chinese senior official says.

Mon, 02 Jul 2018 17:47:21 GMT

EU takes legal action against Poland over judicial reform

The European Commission on Monday has sent a "Letter of Notice" to Poland regarding its judicial reform in the latest effort to persuade Warsaw to cancel the reform.

Mon, 02 Jul 2018 17:38:04 GMT

Estonian airline reports record profit

Estonia's airline Nordic Aviation Group reported a profit of $1.05M with an increase in Nordic passenger numbers over 60% in 2017.

Mon, 02 Jul 2018 17:37:11 GMT

EU warns US about possible car tariffs

Import tariffs on cars would be counterproductive and could adversely affect up to $290B of US exports, the European Union says.

Mon, 02 Jul 2018 16:17:10 GMT

IMF: tight labour market in Latvia to slow growth

Latvia's tight labour market is likely to slow down the nation's medium and long-term growth, the head of the International Monetary Fund's mission to Latvia says.

Mon, 02 Jul 2018 16:16:09 GMT

Morocco's economy expands 3.2% in Q1

Morocco's economy expanded 3.2% in the first quarter of 2018, a small decline from the 3.5% increase the previous year, the official High Commission for Planning reports.

Mon, 02 Jul 2018 16:08:33 GMT

Debt relief to help Greece: central bank

The debt relief agreement signed by Eurozone finance ministers the previous month is expected to help the nation to return to the markets, a central bank of Greece report shows.

Mon, 02 Jul 2018 16:06:33 GMT

German parties to meet after Interior Minister resigns

German parties plan to meet after the German Interior Minister Horst Seehofer offered to resign over a conflict with the Chancellor Angela Merkel over asylum policy.

Mon, 02 Jul 2018 13:53:29 GMT

Freenet acquires stake in German firm Ceconomy via capital rise

Freenet, Germany's independent telecoms firm, is set to acquire 32.6M new shares of Ceconomy through a capital increase at the price of €8.50 per share.

Mon, 02 Jul 2018 13:53:19 GMT

Randa makes $28/share proposal for Perry Ellis International

On Monday, Randa Accessories has made an offer to acquire Perry Ellis International at $28 a share, which is 50 cents more than a rival bid from the George Feldenkreis's apparel brand firm.

Mon, 02 Jul 2018 13:34:51 GMT

ADM to acquire French form Neovia amid expansion

Archer Daniels Midland Company is in talks to acquire the French animal feed division Neovia in a deal that deemed to be valued at $1.75B as the company expands into the fast-growing feeds.

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