News

Note: This section contains information in English only.
Fri, 26 Oct 2018 18:32:54 GMT

IMF agrees to increase Agremtina financing deal

On Friday, the International Monetary Fund reported that its board has approved $56B financial aid package to Argentina to help to stabilise the financial situation in the country.

Fri, 26 Oct 2018 18:27:37 GMT

Russian Foreign Minister meets Syrian opposition leader

On Friday, the Foreign Minister of Russia Sergey Lavrov met with the chief negotiator of Syrian opposition Nasr al-Hariri to discuss the situation in Syria and ways to reach the agreement between pro-government and opposition forces.

Fri, 26 Oct 2018 17:07:12 GMT

Smithfield CEO: pork's exports to China is "not viable"

On Friday, the Chief Executive Officer of meat processing company Smithfield Foods Ken Sullivan claimed that a trade war between the US and China makes the exports of pork from the US to China "not viable".

Fri, 26 Oct 2018 16:59:54 GMT

South Africa attracts $55B of funds after investment conference

On Friday, the President of South Africa Cyril Ramaphosa claimed that his country has attracted $55B of investments after the major investment forum.

Fri, 26 Oct 2018 16:30:30 GMT

Sony gets EU approval for EMI's full control

On Friday, the EU Commission has granted its approval to Sony Corp for a plan to gain full control over EMI Music Publishing, stating the takeover would not cause any competition concerns.

Fri, 26 Oct 2018 16:27:42 GMT

Rolls-Royce to deliver fewer engines amid output issues

The UK aero-engine producer Rolls-Royce announced on Friday it was set to deliver less Trent 7000 engines in 2018, than anticipated, amid production problems, lifting its shares down as much as 13%.

Fri, 26 Oct 2018 15:10:40 GMT

Heathrow Airport attracts £1.6B amid Brexit

Britain's Heathrow Airport has raised around £1.6B from the global investors, as it sought to bolster financial resilience before the UK withdrawal from the EU bloc.

Fri, 26 Oct 2018 15:07:50 GMT

Britain's Asda to start consulting on 2.5K potential job losses

The UK supermarket Asda is planning to start consulting with its staff on the possible cut of about 2.5K job positions next year due to a planned takeover by its rival Sainsbury.

Fri, 26 Oct 2018 14:36:51 GMT

Chipotle beats profit forecasts amid new turnaround

On Thursday, Chipotle Mexican Grill has bet Wall Street analysts' expectations for profit results, driven by marketing blitz and newer menu items that helped the firm recover from its food-safety lapses.

Fri, 26 Oct 2018 14:32:03 GMT

Mattel posts jump in North American sales, shares rise

Mattel posted a surprise 5.6% surge in its North American gross sales in the Q3, sending the company's shares up 8% on Thursday.

Fri, 26 Oct 2018 13:23:10 GMT

Saudi plans to raise $427B worth investments by 2030

Saudi Arabia is expecting to raise more than $427B in investments by 2030, as the kingdom seeks to bolster the industry, the country's Energy Minister stated on Friday.

Fri, 26 Oct 2018 13:15:38 GMT

Charter beats analysts' forecasts on Q3 subscriber number

On Friday, Charter Communications topped Wall Street analysts' forecasts by adding more Internet subscribers than had been expected for the Q3, namely 266K users, which is 32K above the estimates.

Fri, 26 Oct 2018 12:33:25 GMT

Holding to buy Deutsche Post's regional logistics arm

Deutsche Post has agreed to sell its logistics business and supply chain in Greater China due to launching the 10-year strategic partnership with China's S.F. Holding to boost growth in the region.

Fri, 26 Oct 2018 12:24:27 GMT

Nippon Steel, ArcelorMittal become final bidders for Essar Steel

Japan's Nippon Steel and ArcelorMittal have been chosen as the final bidders for the Indian Essar Steel's debt-laden asset, one of the creditors announced on Friday.

Fri, 26 Oct 2018 10:50:27 GMT

Chile's court rejects suit to ban SQM-Tianqi stake deal

On Thursday, the Chilean Constitutional Court has rejected an official lawsuit block the local lithium miner SQM's stake acquisition by China's miner Tianqi, paving the way for the deal to finalise.

Fri, 26 Oct 2018 10:50:21 GMT

Snap sees user number to drop more next quarter

Snap reported a major drop in the number of users in the Q3, struggling from the severe competition from Instagram and its unpopular Snapchat app redesign, saying it expects to lose more users the next quarter.

Fri, 26 Oct 2018 10:06:23 GMT

China will keep Yuan above seven dollars

Reuters published on Friday insider information from China, which reveals that Chinese authorities intend to keep the Chinese Yuan's worth above seven dollars.

Fri, 26 Oct 2018 10:05:42 GMT

White House invites Putin for a visit

On Friday, it was announced by White House representatives that the President of the Russian Federation has been invited to visit Washington.

Fri, 26 Oct 2018 09:39:51 GMT

International Paper weights sale of Brazilian packaging arm

International Paper is exploring a sale opportunity of its Brazilian cardboard packaging division, the company stated on Friday.

Fri, 26 Oct 2018 09:38:11 GMT

StenoCare shares to make stock debut this Friday

StenoCare, the Danish cannabis oil company, stated it would debut its shares on the market this Friday, seeking to gain advantage of the recent jump in investor interest.

Fri, 26 Oct 2018 08:18:01 GMT

France's Edenred denies plans to acquire Ingenico stake

Edenred, the French card provider, has denied any intention to acquire a stake in Ingenico, potentially paving the way for Natixis to bid for the French payments group.

Fri, 26 Oct 2018 08:14:27 GMT

Alibaba, Richemont tie up over Chinese online luxury market

Richemont and Alibaba have joined their forces with intention to crack the Chinese online luxury market; a cooperation that is set to feature Yoox Net-a-Porter Group's offerings to the local customers.

Fri, 26 Oct 2018 06:55:48 GMT

UK grants approval for Brexit reorganisation to AIG

On Thursday, American International Group stated it had received the final approval from the UK to divide its London-based EU insurance business into two new entities, as part of its Brexit restructure.

Fri, 26 Oct 2018 06:51:00 GMT

Mellanox hires financial adviser for potential sale

The chipmaker Mellanox Technologies is working with a financial adviser on a potential sale, as the company raised a takeover interest in at least two firms, a CNBC report showed on Friday.

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