News

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Wed, 03 Oct 2018 17:20:34 GMT

Mexican Lopez Obrador discusses economic development with Trump

On Wednesday, the President-elect of Mexico Andres Manuel Lopez Obrador claimed that he and the President of the US Donald Trump have discussed economic development in Mexico and Central America via phone call.

Wed, 03 Oct 2018 16:19:37 GMT

Pompeo: Iran threats US mission in Iraq

On Wednesday, the US Secretary of State Mike Pompeo claimed that Iran threats to the US mission in Iraq and added that the US has been terminating the treaty of amity between the US and Iran.

Wed, 03 Oct 2018 16:14:56 GMT

Russian and Saudi Arabia agree to lift oil outputs

In September, Russia and Saudi Arabia have agreed to lift the oil output to cool growing prices and informed the US about that decision before the meeting with other oil producers.

Wed, 03 Oct 2018 15:00:19 GMT

Russia's Putin: Russia to maintain dialogue with oil producers

On Wednesday, the President of Russia Vladimir Putin claimed that Russia is planning to maintain the dialogue with the leading oil producing countries to keep the oil market balanced.

Wed, 03 Oct 2018 14:54:45 GMT

Brexit Minister: UK and EU could agree on Brexit in November

On Wednesday, British Brexit Minister Dominic Raab claimed that he expects that the UK and the EU could finalise the negotiations on a Brexit deal in November.

Wed, 03 Oct 2018 14:24:26 GMT

Italy to reduce budget deficit targets from 2020

The Italian populist government is planning to trim its budget deficit from 2020, after investors had sold off the Italian assets and the EU ministers criticised the plan to raise spending next year.

Wed, 03 Oct 2018 14:03:49 GMT

Honda to invest into GM's Cruise autonomous unit

Honda Motor is set to invest $2.0B over 12 years into the General Motors' Cruise self-driving car unit, after it had paid $750M for a stake in this project.

Wed, 03 Oct 2018 13:03:34 GMT

VW's Skoda needs to lift annual EU capacity by 400K cars

Volkswagen's Skoda Auto needs to boost its European annual capacity by 400K, starting from the next decade, the carmaker's CEO Bernhard Maier stated.

Wed, 03 Oct 2018 13:03:08 GMT

Tanium attracts $200M in latest funding round

Tanium has raised extra $200M in its latest round of funding, led by the Wellington Management investment firm, bringing the valuation of the US cyber-security start-up to $6.5B.

Wed, 03 Oct 2018 12:01:02 GMT

Altice Europe's shares jump on rising interest for its fiber assets

Shares of Altice Europe surged 8.5% on Wednesday, following Bloomberg's report on the private equity groups expressing their interest in buying the company's fiber assets.

Wed, 03 Oct 2018 11:57:48 GMT

Israel's VC JVP to tie-up over NYC cyber centre

The NYC Economic Development Corp picked Jerusalem Venture Partners, the venture capital group, as its partner to establish the global cybersecurity centre in the city.

Wed, 03 Oct 2018 11:39:54 GMT

MSK Cancer centre's CEO quits Merck board

Memorial Sloan Kettering Cancer centre's CEO Craig Thompson has stepped down from the Merck board after a disclosure scandal.

Wed, 03 Oct 2018 11:37:49 GMT

Peugeot ready to sign new deals, CEO says

Carlos Tavares, the CEO of the French automaker PSA Group stated the company was open to new deals and was drawing attention from its rivals amid its turnaround and a progress in restructuring of the recently acquired Opel.

Wed, 03 Oct 2018 10:12:00 GMT

Czech official comment on Brexit

The Czech State Secretary for European Affairs recently revealed that the Brexit talks have to shift to the divorce deal instead of future ties.

Wed, 03 Oct 2018 10:11:27 GMT

Tencent Music files US IPO

The company, which owns most of China' notable music apps, Tencent Music Entertainment has filed for a US IPO.

Wed, 03 Oct 2018 09:38:58 GMT

Abu Dhabi's Mubadala to value Spain's Cepsa at €8.0B

Mubadala, Abu Dhabi's state investor, is planning to value the Spanish oil giant Cepsa at up to €8.0B in its initial public offering.

Wed, 03 Oct 2018 09:32:03 GMT

Brazil's Bradesco buys PRA Group's unit

The Brazilian lender Bradesco acquired a 65% majority stake in the Brazil unit of PRA Group, the bank announced on Tuesday, not disclosing the financial terms of the deal.

Wed, 03 Oct 2018 08:22:03 GMT

PIMCO acquires municipal bond manager Gurtin

On Tuesday, the German insurer Allianz's unit PIMCO is set to acquire Gurtin, the municipal bond manager to control $38B in the municipal bond assets together.

Wed, 03 Oct 2018 08:17:53 GMT

Instinet's former head Kellner to join Coinbase

On Tuesday, the cryptocurrency exchange firm Coinbase stated that Instinent's ex-CEO Jonathan Kellner was expected to join the company as managing director for the institutional coverage group.

Wed, 03 Oct 2018 07:30:34 GMT

Tesco H1 profit rises 24% on robust Booker sales

The British largest retailer Tesco reported its profit surged 24.4% in the first half, driven by strong sales of its newly acquired firm Booker's and the company's core business.

Wed, 03 Oct 2018 07:29:43 GMT

Euromoney plans sale of Mining Indaba

Euromoney, the business-to-business information firm, stated on Wednesday it was planning to sell the world's biggest mining investment conference Mining Indaba to ITE Group in a deal worth £30.1M.

Wed, 03 Oct 2018 06:28:29 GMT

Toys 'R' Us lenders seek to revive brand, cancel auction

Lenders of the struggling retailer Toys 'R' Us have repealed the bankruptcy auction and are set to resume the brand's operations, according to a court filing.

Wed, 03 Oct 2018 06:20:29 GMT

Mattress Firm to file for bankruptcy this week

The US largest mattress retailer Mattress Firm is filing for bankruptcy protection this week, as the company seeks to shore up the business and avoid costly store leases.

Wed, 03 Oct 2018 04:56:44 GMT

Sharp enters market of OLED panels

On Wednesday, Japanese electronics manufacturer and Apple's supplier Sharp Co claimed that it is starting to produce OLED displays to catch its rival Samsung Electronics Co Ltd.

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