News

Note: This section contains information in English only.
Sat, 08 Dec 2018 19:34:28 GMT

US Staff Chief to leave his post at 2018-end

On Saturday, the US President Donald Trump announced that John Kelly, White House's Chief of Staff, would leave his position at this year's end.

Sat, 08 Dec 2018 19:30:54 GMT

Julius Baer, Santander hold talks over Venezuela business

Julius Baer, the Swiss private bank, has entered talks with Banco Santander over transferring its Venezuela business book to the Spanish bank amid reorganisation of Baer's operations in Latin America.

Sat, 08 Dec 2018 18:28:36 GMT

Continental plans software takeovers after 2019 Powertrain IPO

Germany's car parts producer Continental is thinking over acquisitions of software makers after its Powertrain unit initial public offering, scheduled for the next year's second half, the company's CEO Wolfgang Schaefer announced on Saturday.

Sat, 08 Dec 2018 18:23:16 GMT

EU's JSW to increase output via acquisitions

JSW, the European biggest coking coal producer, is seeking to raise its output by 2.5M-3M tonnes a year by acquisitions, which is far more than its current strategy to increase production growth to 18M tonnes by 2030.

Sat, 08 Dec 2018 17:01:42 GMT

Merkel's protege fights to unite CDU

The new leader of the German Christian Democrat party Annegret Kramp-Karrenbauer on Saturday attempted to bind the party together by promoting a rival.

Sat, 08 Dec 2018 17:01:33 GMT

Iran's Rouhani comments on sanctions

During the weekend the President of Iran made another statement in regards to the US sanctions on Iran. Namely, the President announced that a deluge of refugees, attacks and drugs is bound for the West unless the sanctions are cancelled.

Sat, 08 Dec 2018 16:19:18 GMT

Houthis call for a neutral port in Yemen

A top negotiator of the Iran aligned Houthi group in Yemen announced that the main port of the country should be made into a neutral zone under the supervision of the UN.

Sat, 08 Dec 2018 16:19:09 GMT

Theresa May's ally floats Brexit Plan B

On Saturday, the Work and Pensions Secretary of the United Kingdom Amber Rudd floated the Brexit Plan B, which has been developed by Theresa May's cabinet.

Sat, 08 Dec 2018 14:55:45 GMT

Fund managers prepare for a stock rally

During 2018 global bond and equity markets traded with high volatility, with no asset class providing a return of at least five percent, causing losses to fund managers. Although, managers surveyed by Reuters revealed on Saturday that they expect a rally in 2019.

Sat, 08 Dec 2018 14:55:07 GMT

BMW names new head of self-driving cars

On Saturday, BMW named Alejandro Vukovitch as the new head of the BMW's self-driving car department. He will assume his post in January 2019.

Sat, 08 Dec 2018 14:25:08 GMT

Khamenei calls to increase Rial's value

The Supreme leader of Iran Ayatollah Ali Khamenei urged the country's central bank to adopt measures to raise the value of national currency, the Governor Abdolnaser Hemmati stated on Saturday.

Sat, 08 Dec 2018 14:20:40 GMT

China calls Canada to release Huawei CFO

On Saturday, the China's Foreign Ministry urged Canadian authorities to free Huawei CFO Meng Wanzhou in order to avoid serious consequences.

Sat, 08 Dec 2018 13:21:44 GMT

Ramaphosa says NMW to take effect from new year

The President of South Africa Cyril Ramaphosa stated on Saturday that the new minimum wage amounting to 3.5$ per hour or 247$ per month would take effect from 1 January.

Sat, 08 Dec 2018 13:17:37 GMT

Hungarians protest against overtime work law

On Saturday, thousands of Hungarians went to the streets of Budapest to protest against draft law, which presupposes that employers could ask employees to do overtime work up to 400 hours per year.

Sat, 08 Dec 2018 12:18:44 GMT

German rail workers threaten to organize strikes

The Germany's EVG leader Torsten Westphal stated on Saturday that rail workers would conduct a number of strikes during the Christmas holidays amid failure of negotiations with rail operator Deutsche Bahn.

Sat, 08 Dec 2018 12:18:20 GMT

Women to make up half of UAE Advisory Council

The President of United Arab Emirates Sheikh Khalifa Bin Zayed Al-Nahyan ruled on Saturday that women must represent half of its Advisory Council.

Sat, 08 Dec 2018 11:23:46 GMT

China reports lower exports in November

According to Chinese customs data, exports in November rose by 5.4% on a year-to-year basis only, thus showing falling both domestic and international demand.

Sat, 08 Dec 2018 11:16:25 GMT

Rudd calls to back May's deal

The UK Work and Pensions Minister Amber Rudd stated on Saturday that Theresa May's Brexit deal was the most acceptable option, yet there might be a need for plan B.

Sat, 08 Dec 2018 10:38:15 GMT

Akorn's head to retire as drugmaker fails to save Fresenius deal

Akorn's Chief Executive Officer Raj Rai is planning to retire after the drugmaker failed to salvage its merger deal with the German company Fresenius, Akorn announced late on Friday.

Sat, 08 Dec 2018 10:34:14 GMT

Dutch Cabinet proposes draft law to postpone hostile takeovers

On Friday, the Dutch Cabinet proposed a draft law that would grant a right to listed firms to take a 250-day grace period on considering an offer of hostile takeover.

Sat, 08 Dec 2018 09:38:26 GMT

Ex-NBA player Bridgeman likely to acquire Sports Illustrated magazine

The former US basketball player, Ulysses Lee "Junior" Bridgeman, is likely to buy Sports Illustrated magazine, being the first to lead among potential buyers, from the American media company Meredith for around $150M.

Sat, 08 Dec 2018 09:31:13 GMT

Germany's government explores Commerzbank-Deutsche merger scenarios

The German Finance Ministry is looking at possible merger scenarios between Commerzbank and Deutsche Bank, as it seeks to ensure that the EU largest economy has a decent lender capable of supporting its firms abroad.

Sat, 08 Dec 2018 08:38:47 GMT

Tata Steel, Thyssenkrupp close to deciding on steel JV board

India's Tata Steel and Germany's Thyssenkrupp are nearing a decision on picking the leader of their planned EU steel joint venture, after it had been postponed due to the CEO change at the German industrial conglomerate.

Sat, 08 Dec 2018 08:35:16 GMT

Slack hires Goldman Sachs to conduct IPO

The chat-service company Slack Technologies has selected Goldman Sachs Group, the investment bank, to lead the firm's initial public offering planned for the next year, sourced reported.

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