News

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Mon, 12 Mar 2018 18:52:58 GMT

Russia describes Theresa May's spy attack allegations as provocation

Russia described recent accusations made by the UK Prime Minister Theresa May that Moscow was likely responsible for poisoning the former Russian spy as a provocation.

Mon, 12 Mar 2018 18:51:32 GMT

US government posts $215B budget shortfall last month

The US Treasury Department reported on Monday that the government had a $215B budget deficit in February, compared to a budget shortfall of $192B in the same period last year.

Mon, 12 Mar 2018 18:20:54 GMT

DowDuPont CEO Andrew Liveris to leave company in April

Official sources reported on Monday that the DowDuPont CEO Andrew Liveris would step down on April 1, following up on the promise he made two years ago.

Mon, 12 Mar 2018 18:19:48 GMT

DowDuPont CEO Andrew Liveris to leave company in April

Official sources reported on Monday that the DowDuPont CEO Andrew Liveris would step down on April 1, following up on the promise he made two years ago.

Mon, 12 Mar 2018 18:11:41 GMT

DowDuPont CEO Andrew Liveris to leave company in April

Official sources reported on Monday that DowDuPont CEO Andrew Liveris would step down on April 1, following up on the promise he made two years ago.

Mon, 12 Mar 2018 18:03:35 GMT

Theresa May says Moscow ‘highly likely' behind ex-spy's poisoning

The British Prime Minister Theresa May stated on Monday that it was „highly likely" Russia was responsible for last week's poisoning of Sergei Skripal, the former Russian spy, and his daughter.

Mon, 12 Mar 2018 17:05:42 GMT

US inflation expectations hit highest since February 2017

Official data released by the New York Fed on Monday showed that US inflation expectations climbed to 2.83% in February from the prior month's 2.71%, the highest since February 2017.

Mon, 12 Mar 2018 16:55:09 GMT

Rex Tillerson says several steps needed for US-North Korea talks

On Monday, the US Secretary of State Rex Tillerson stated that several steps would be necessary to agree on the location and scope of the upcoming talks between the US and North Korea.

Mon, 12 Mar 2018 16:37:34 GMT

Broadcom to redomicile by April 3

Broadcom, a Singapore-based fabless semiconductor company, said on Monday that it expected to redomicile to the US by April 3.

Mon, 12 Mar 2018 16:07:47 GMT

US Commerce Secretary to call on EU to lower tariffs

The US President Donald Trump reported on Monday that the US Commerce Secretary Wilbur Ross would call on the EU to lower trade barriers.

Mon, 12 Mar 2018 15:34:23 GMT

Goldman Sachs' Schwartz announces retirement

On Monday, Harvey Schwartz announced his would retire from Goldman Sachs on April 20, raising the chances of his co-Chief Operating Officer David Solomon to become the CEO Lloyd Blankfein's successor.

Mon, 12 Mar 2018 15:17:16 GMT

South Korea's Security Chief to meet Russia's Foreign Minister

According to TASS news agency, South Korea's Security Chief Chung Eui-yong is set to travel to Russia this week and will hold a meeting with the country's Foreign Minister Sergei Lavrov.

Mon, 12 Mar 2018 14:30:30 GMT

Tesla suspends production of Model 3 over upgrade

Tesla has temporarily suspended its Model 3 electric car production, starting from the February's end, amid the scheduled upgrade of equipment, as it seeks to improve automation and raise production rates.

Mon, 12 Mar 2018 14:24:07 GMT

South Korea to halt trading in Samsung Electronics

On Monday, South Korean stock exchange stated it would halt trading in Samsung Electronics for three days ahead of the stock's split, adding the dates would be announced by the company.

Mon, 12 Mar 2018 13:34:20 GMT

India grounds 11 aircraft fitted with Pratt & Whitney engines

On Monday, Indian aviation regulator urged for an immediate grounding of 11 Airbus A320neo jets, operated by GoAir and IndiGo, and fitted with the engines by Pratt & Whitney.

Mon, 12 Mar 2018 13:29:14 GMT

Dropbox expects IPO at $16-$18 per share

On Monday, the data-sharing business Dropbox filed for an IPO of 36M shares, valuing the company at more than $7B.

Mon, 12 Mar 2018 12:33:19 GMT

Britain assured with reaching transition deal

Britain is confident on winning the transition deal with the European Union after the Brexit as the bloc's summit that will take place later this month.

Mon, 12 Mar 2018 12:28:08 GMT

AgBank plans to attract $15.8B via private placement

On Monday, the Chinese Agricultural Bank stated it would raise up to $15.8B in the largest A-share private placement via listed commercial bank in China.

Mon, 12 Mar 2018 10:33:31 GMT

Tillerson cuts short African trip amid urgent work

The US State Secretary Rex Tillerson had to cut short his Africa trip and return to Washington one day earlier than planned amid urgent work.

Mon, 12 Mar 2018 10:29:54 GMT

EU extends sanctions against Russia

On Monday, the European Union stated it decided to extend sanctions against Russia for six months that had been imposed over the Crimea annexation and backing rebels in the Eastern Ukraine.

Mon, 12 Mar 2018 09:25:58 GMT

Amazon considers adding more regional content in India

Amazon.com video service considers expansion of the Indian regional content amid competition with a local and global players' host for a larger share of the online streaming market.

Mon, 12 Mar 2018 09:00:54 GMT

Novartis new CEO remakes leadership amid Wyss exit

The new Novartis CEO Vas Narasimhan is reforming the drugmaker's leadership, following the Operations President Andre Wyss's exit, while three other chairmen got the executive committee seats.

Mon, 12 Mar 2018 08:34:45 GMT

AI can increase power firms' efficiency

According to Roland Berger consultancy, the power companies can raise their efficiency with the help of artificial intelligence technology to control home appliances or predict power grid's demand swings.

Mon, 12 Mar 2018 07:31:29 GMT

Saudi Aramco's IPO likely to be delayed until 2019

Saudi Aramco has informed its British counterparts that the oil giant's initial public offering most likely to be postponed until 2019 instead of the previously scheduled 2018-end.

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