News

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Mon, 14 May 2018 18:25:06 GMT

Musk: Tesla to be reorganised

Tesla Inc CEO Elon Musk informed employees that a company will go through a reorganisation because of the manufacturing problems, senior employees departures and two recent crashes of self-driving cars.

Mon, 14 May 2018 18:16:22 GMT

Pompeo discusses Iran nuclear deal with EU allies

US State Department spokeswoman Heather Nauert claimed that in recent days the US Secretary of State Mike Pompeo have had a discussion with British, French and German counterparts about cooperation over Iran.

Mon, 14 May 2018 17:16:40 GMT

Vekselberg's Renova group gets credit line from Promsvyazbank

On Monday, the finance ministry of Russia claimed that Viktor Vekgelberg's Renova Group will get a credit line from Promsvyazbank to support business after the company was hit by the US sanctions.

Mon, 14 May 2018 17:11:57 GMT

Germany to spend 1.5% of GDP on defence by 2025

On Monday, the Defence Minister of Germany Ursula von der Leyen claimed that Germany is planning to increase spending on military and defence from 1.2% to 1.5% by 2025.

Mon, 14 May 2018 16:10:35 GMT

Securities chiefs of Goldman Sachs to leave company

Pablo Salame and Isabelle Ealet, two co-heads of securities division of Goldman Sachs, are set to retire in June after 20-year-long stints at the Bank, the internal memo showed.

Mon, 14 May 2018 16:07:11 GMT

Russia's Central Bank anticipates lower GDP growth

Russia's GDP is anticipated to expand 1%-1.4% in the June quarter in yearly terms due to the high base effect seen in 2017, the country's Central Bank stated.

Mon, 14 May 2018 14:33:54 GMT

Uber appoints new British head amid London licence battle

Uber has named a new UK head Jamie Heywood on Monday, as the ride-hailing service battles to keep its London licence, saying that a new member is set to join the team next month.

Mon, 14 May 2018 14:29:54 GMT

NXP shares surge on renewal of Qualcomm deal review

On Monday, shares in NXP Semiconductros NV surged over 10%, following a report that China had revived its review of the US chipmaker Qualcomm's proposed buyout of the Dutch firm, worth $44B.

Mon, 14 May 2018 13:38:12 GMT

Tesla launches new e-vehicle company in Shanghai

Tesla registered a new EV comapany in Shanghai ahead of the rule change, proposed by China, which would cap the foreign ownership of NEVs.

Mon, 14 May 2018 13:33:34 GMT

John Hyland becomes new Bitwase Asset Management's ETFs head

Bitwise Asset Management, the cryptocurrency index fund, has named John Hyland on Monday as the company's new exchange-traded products' global head.

Mon, 14 May 2018 11:58:12 GMT

Britain not to move Israeli embassy to Jerusalem

According to the UK PM Theresa May's spokesman, Britain is not eager to move its Israeli embassy to Jerusalem from where it is currently located, in Tel Aviv, disagreeing with the US decision to do so.

Mon, 14 May 2018 11:48:08 GMT

Facebook halts 200 apps amid data misuse probe

Facebook has suspended about 200 apps in its app review's first stage, in response to the personal user data misuse scandal that is linked to the political consultancy Cambridge Analytica.

Mon, 14 May 2018 11:35:22 GMT

New Armenia's PM seeks closer military relations with Russia

The new Prime Minister of Armenia Nikol Pashinyan told the Russian President Vladimir Putin that he was seeking closer military ties with Russia, as such strategic relations are important for both countries.

Mon, 14 May 2018 11:32:45 GMT

Turkey's Sok attracts $531M after reducing IPO price

On Monday, Sok Marketler, the Turkish discount grocer, has raised $531M in an IPO, following price cut and bookbuilding extension due to the lower demand for new listings.

Mon, 14 May 2018 10:39:06 GMT

EDP rises 12% amid China's bid for Portugal's utility

The Portuguese utility EDP's shares soared as much as 12% on Monday, beating the price that was offered on May 11 by China Three Gorges (CTG).

Mon, 14 May 2018 09:31:58 GMT

Powerful cleric Sadr set to win Iraqi election

The firebrand cleric Moqtala al-Sadr is on course to win the Iraqi Parliamentary election wth over half the votes being counted, the electoral commission announced on Monday.

Mon, 14 May 2018 09:25:03 GMT

Japan's marketplace app Mercari raises up to $1.1B in IPO

On Monday, Mercari, the flea marketplace app, has received an approval for the IPO on the Tokyo Stock Exchange's Mother market on June 19, planning to raise up to $1.1B.

Mon, 14 May 2018 08:11:34 GMT

Euro surges on Monday

On Monday, the common European currency surged against the US Dollar, as it marked the third consecutive session of gains.

Mon, 14 May 2018 08:09:51 GMT

ZTE employees cheer Trump

The various employees of ZTE corporation cheered on Monday Donald Trump's tweet that suggested a solution to the bank on sales set on ZTE.

Mon, 14 May 2018 07:35:30 GMT

France's AccorHotels signs takeover deal with Chile's Atton

France's group AccorHotels are set to acquire Atton Hotels, the Chile management company, in a deal valued at $105M that should boost AccorHotels' earnings and position in Latin America.

Mon, 14 May 2018 07:31:08 GMT

China revives NXP-Qualcomm deal review

China has renewed its review of the US chipmaker Qualcomm's proposed acquisition of NXP Semiconductors worth $44B, Bloomberg stated on Monday, citing sources.

Mon, 14 May 2018 06:03:40 GMT

India's senior bank official may face charges in PNB probe

India's top bank officials are likely to face charges on Monday amid a probe into the $2B fraud at the state-run Punjab National Bank, a source familiar with the issue reported.

Mon, 14 May 2018 06:00:49 GMT

Russia's Novak to discuss US exit from Iran accord with Saudi Falih

On Monday, Alexander Novak, the Russian Acting Energy Minister, stated he planned to hold a discussion over the US withdrawal from Iran's nuclear accord with Khalid al-Falih, the Saudi Energy Minister.

Mon, 14 May 2018 05:32:49 GMT

GM South Korea cancels news conference amid workers protest

On Monday, General Motors' South Korean unit cancelled a news briefing, as a dozen of temporary workers have stormed the event venue, calling on the carmaker to hire them for a full-time.

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