News

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Tue, 21 May 2019 20:02:35 GMT

Apple extends keyboard repairs to MacBooks

Apple stated that it is set to repair problems related to typing in butterfly keyboards for an expanded set of laptops, including newer versions of its MacBook, MacBook Pro, MacBook Air models.

Tue, 21 May 2019 19:23:31 GMT

Spain still Morocco's main trade partner

Spain remained the top trade partner of Morocco over the first quarter of this year, with nearly $4.4B worth goods, according to local media.

Tue, 21 May 2019 19:22:49 GMT

NRG Energy to buy units of Stream Energy

NRG Energy announced plans to buy the natural gas and retail electric business of Stream Energy for $300M. The proposed acquisition is set to face regulatory approval.

Tue, 21 May 2019 18:00:42 GMT

China's company to build cement plant in Uzbekistan

Huaxin Cement started construction of a cement production factory in Uzbekistan, with the anticipated capacity of the plant to be 1.2M tons of portland cement per year.

Tue, 21 May 2019 17:59:29 GMT

Dubai housing prices decrease

The average yearly house prices in Dubai dropped 13.2%, being down 4.9% over the first three-month period of this year, Property Monitor revealed.

Tue, 21 May 2019 17:11:19 GMT

Jamie Oliver to close most restaurants in UK

The restaurant chain of the UK chef Jamie Oliver went into administration, leaving 1K persons without jobs, as the majority of its branches ceased operating immediately.

Tue, 21 May 2019 17:10:01 GMT

Turkish consumer confidence weakened in May

Confidence of Turkey's consumers in the country's economy decreased 13% in the month of May, compared to 6.9% rise in the prior month, the TurkStat stated.

Tue, 21 May 2019 16:16:52 GMT

UK motorcycle sales grow 7.3% In April

The UK Motor Cycle Industry Association stated that sales increase 7.3% year-over-year in April, causing a 9.4% year-to-date rise, as the market kept expanding.

Tue, 21 May 2019 16:16:09 GMT

BASF to build new factories in China

Germany's chemical giant BASF stated that it is set to build two new factories at its planned site of Verbund chemical production in southern China.

Tue, 21 May 2019 15:31:13 GMT

US existing home sales decline in April

The US existing home sales dropped for a second month in succession in April due to the weakness in the lower-priced segment of the housing market, which was suffering from a shortage of properties.

Tue, 21 May 2019 15:26:35 GMT

British Steel risks to collapse

The UK second biggest steel producer British Steel was is on the collapse brink unless the country's government agrees to help with emergency $38M loan, sources familiar with the matter said.

Tue, 21 May 2019 14:35:59 GMT

Veoneer to shore up working capital by $500M

Veoneer, Sweden's car tech company, is planning to boost the working capital by $500M via the sale of its shares and bonds, after a sluggish demand for the group's services led to weaker sales and losses.

Tue, 21 May 2019 14:30:56 GMT

Norges Bank acquires UK's Metro Bank

Norwegian sovereign wealth fund, Norges Bank, acquired a stake of 3.10% in Britain's Metro Bank, after the UK lender attracted $476.10M to boost its balance sheet.

Tue, 21 May 2019 12:29:02 GMT

PNB likely to gain control over 2-3 state-run banks

The Indian Punjab National Bank is likely to gain control over two or three state-run banks, which could include Allahabad Bank, Andhra Bank and Oriental Bank Of Commerce, according to Reuters.

Tue, 21 May 2019 12:23:00 GMT

Majestic Wine's retail business lures suitors

On Tuesday, Majestic Wine stated that its retail business was attracting many suitors, following the UK specialist wine company's announcement made a month ago about its intention to sell the arm to focus online.

Tue, 21 May 2019 11:35:05 GMT

Crane seeks acquiring Circor for $1.7B

Crane Co, the US industrial products maker, stated on Tuesday it had made an offer to acquire smaller competitor Circor International in a deal worth at $1.7B.

Tue, 21 May 2019 11:31:27 GMT

Merck to acquire Peloton in $1.05B cash-deal

On Tuesday, Merck & Co stated it would acquire the cancer drug developer Peloton Therapeutics in a cash deal valued at $1.05B, seeking to receive access to the firm's renal cancer medication candidate PT2977.

Tue, 21 May 2019 10:35:00 GMT

British factories experience decline

During the early hours of London's trading session the GBP/USD declined due to UK factories reporting a record decline in orders since late 2016.

Tue, 21 May 2019 10:34:37 GMT

Tesla might trade at $10

On Tuesday, it was announced by Morgan Stanley that in their worst case scenario model Tesla stock could trade at $10 per share.

Tue, 21 May 2019 09:39:02 GMT

Businessman Veyrat considers Neoen sale to Engie

France's businessman Jacques Veyrat is considering a 50% stake sale of the renewable energy company Neoen to Engie, seeking for small stake in the utility in return, according to BFM Business.

Tue, 21 May 2019 09:32:05 GMT

Hinduja Group weighs bid for Jet Airways

On Tuesday, India's Hinduja Group stated it was considering a potential bid for the debt-laden Jet Airways, responding to Reuters, following the Economic Times report the firm would launch the bidding process this week.

Tue, 21 May 2019 07:02:25 GMT

Spain's DIA signs rescue deal with Santander

The Spanish retailer DIA signed an agreement with Santander to secure financing, its new owner LetterOne stated in a statement, preventing the risk a necessity to launch insolvency proceedings.

Tue, 21 May 2019 06:55:54 GMT

FamilyMart seeks to end China JV with Ting Hsin

FamilyMart, Japan's convenience store operator, is seeking to halt a 15-year-long joint venture with the Chinese Ting Hsin International over contractual disputes, according to the Nikkei report seen on Tuesday.

Tue, 21 May 2019 04:42:21 GMT

Donald Trump comments on trade

During a speech in Pennsylvania on Monday, US President Donald Trump announced that the US-China trade war has strengthened the US industries.

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