News

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Fri, 19 Oct 2018 04:24:05 GMT

Koreans to order more Boeing jets

The President of Korean Air Lines Walter Cho stated on Friday that the company most probably would acquire more Boeing 787 jets in order to upgrade its fleet and in this way in long term to reduce costs.

Thu, 18 Oct 2018 20:16:40 GMT

Goldman Sachs: executives not to attend conference in Saudis

Goldman Sachs Group is set not to send any of the company's executives to a Saudi investment conference in the following week, David Solomon, the Chief Executive Officer, stated.

Thu, 18 Oct 2018 20:13:33 GMT

EU, Norway ask WTO to set up panel over US aluminium, steel tariffs

The European Union, Norway and several other countries asked the WTO to assign a dispute settlement panel to address the US tariffs on aluminium and steel.

Thu, 18 Oct 2018 19:34:26 GMT

Porsche set to repeat record car sales in 2018

Oliver Blume, the CEO of Volkswagen's Porsche brand, stated that it does not need a listing to finance expansion, adding that he is confident the 911 sports car maker is likely to repeat 2017 record sales this year.

Thu, 18 Oct 2018 19:31:07 GMT

US jobless claims data raises labour market prospect

New applications for the US unemployment benefits fell last week, while the number of Americans on unemployment rolls dropped back to the level seen in 1973, indicating further tightening in labour market conditions.

Thu, 18 Oct 2018 18:00:32 GMT

VW suggests buyer incentive to scrap older diesels in Germany

Volkswagen stated that it set to offer trade-in incentives and bonuses for scrapping older German diesel vehicles in a bid to stave off the driving ban in polluted cities.

Thu, 18 Oct 2018 17:58:15 GMT

US probes 54K Ford trucks amid tailgate complaints

The US NHTSA stated that it opened an investigation into more than 54K Ford Motor pickup trucks after five complaints about tailgates issue were received.

Thu, 18 Oct 2018 17:39:16 GMT

EU's Moscovici: no decision so far on Italy's budget

On Thursday, the Economic Affairs Commissioner of the EU Pierre Moscovici claimed that no decision has been taken so far regarding the budget deficit of Italy and that a dialogue between Italy and the EU needs to be calm and constructive.

Thu, 18 Oct 2018 17:36:21 GMT

Trump threatens to close border with Mexico because of migrants

On Thursday, the US President Donald Trump claimed that he is considering to send military and close the southern border of the US because of the increasing amount of immigrants from Honduras and El Salvador.

Thu, 18 Oct 2018 16:35:29 GMT

Spain agrees with UK on Gibraltar status after Brexit

On Thursday, the Prime Minister of Spain Pedro Sanchez claimed that the UK and Spain have agreed on the Brexit status of Gibraltar which will leave the EU with the UK on March 29 2019.

Thu, 18 Oct 2018 16:27:24 GMT

Dorsey's Square introduces payment terminal for small business

Square, a company headed by the Chief Executive of Twitter Inc Jack Dorsey, has launched its own payment terminals for small-sized businesses.

Thu, 18 Oct 2018 15:36:15 GMT

US Senator urges Fed to change Wells Fargo CEO

On Thursday, the US Senator Elizabeth Warren claimed that the Fed needs to limit the growth of Wells Fargo until it replaces its Chief Executive Tim Sloan.

Thu, 18 Oct 2018 15:20:06 GMT

Germany's Merkel: Brexit agreement is achievable

On Thursday, German's Chancellor Angela Merkel claimed during the summit of the EU leaders that not much time is left for a Brexit agreement but the deal is still achievable. 

Thu, 18 Oct 2018 14:09:45 GMT

Deutsche Bank appoints Hoops as new transaction banking chief

Deutsche Bank has appointed Stefan Hoops as a new head of the Global Transaction Banking business unit to replace his predecessor John Gibbons, the bank announced on Thursday.

Thu, 18 Oct 2018 14:08:37 GMT

Acadia Healthcare raises PE interest in acquisition

Acadia Healthcare, the American operator of the behavioural health centres, has entered talks with the private equity companies over selling itself after raising a buyout interest.

Thu, 18 Oct 2018 12:55:42 GMT

SDX, BP Egypt end talks on assets purchase

On Thursday, the gas and oil firm SDX Energy announced that its talks to acquire the BP Egypt's assets had been halted by a mutual agreement, not disclosing any further details on the issue.

Thu, 18 Oct 2018 12:52:39 GMT

Alibaba to invest about $290M in wine retailer 1919.cn

Alibaba Group Holding, China's e-commerce giant, is planning to invest nearly $290M into the local spirits and wine retailer 1919.cn, seeking to top into rising demand for the imported wine in Asia's country.

Thu, 18 Oct 2018 12:36:09 GMT

Husky Energy gets rejection for its MEG buyout bid

Canada's MEG Energy has rejected the buyout offer made by Husky Energy on Wednesday, saying that the proposal undervalued the has and oil producer.

Thu, 18 Oct 2018 10:52:31 GMT

Greece sees final bids for Hellenic Petroleum majority stake next month

Greece is expecting to receive final bids for the Hellenic Petroleum majority stake next month, after getting the main regulatory decision over the process, sources reported on Thursday.

Thu, 18 Oct 2018 10:52:01 GMT

San Miguel Corp trims food arm's share sale to $920M

Philippines' San Miguel Corp has halved the size of the food arm's share sale to $920M, after a weak stock market ruined its plans for the potentially largest ever secondary offering.

Thu, 18 Oct 2018 10:10:29 GMT

Chinese regulators stop margin calls

The securities regulator of China announced on Thursday that the creditors of an environmental firm in Beijing is not to receive a margin call on stock pledges.

Thu, 18 Oct 2018 10:10:03 GMT

Uber will lease trailers

On Wednesday, Uber announced that the company is starting a trailer leasing unit. The unit will be called Powerloop and it will be a part of Uber Freight.

Thu, 18 Oct 2018 09:02:11 GMT

Finaccess Capital makes bid for Restaurant Brands NZ's stake

The operator of Pizza Hut and KFC franchises, Restaurant Brands New Zealand, has received a takeover offer worth $578M from the Mexican group Finaccess Capital that brought its shares up 14% to its record-high of NZ$8.72.

Thu, 18 Oct 2018 08:54:51 GMT

Fashion company Nine West files amended bankruptcy plan

The US apparel and footwear firm Nine West Holdings has filed an amended Chapter 11 plan that should cut the company's pre-bankruptcy debt obligations by over $1.0B.

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