News

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Sat, 30 Nov 2019 07:21:50 GMT

New Zealand to increase infrastructure spending

On Saturday, the Finance Minister of New Zealand Grant Robertson announced plans to substantially increase spending on infrastructure projects.

Fri, 29 Nov 2019 21:05:16 GMT

Foreign debt of Belarus declines

The foreign debt of Belarus decreased 2% or $0.3B since the beginning of the current year, a report published by the Finance Ministry shows.

Fri, 29 Nov 2019 20:02:54 GMT

Central Asian leaders promise closer cooperation

Leaders of Kyrgyzstan, Tajikistan, Turkmenistan, Kazakhstan and Uzbekistan have agreed to improve cooperation in trade and infrastructure, the Uzbek President Shavkat Mirziyoyev says.

Fri, 29 Nov 2019 19:29:56 GMT

PM of Mongolia to visit Russia

The Mongolian Prime Minister Ukhnaa Khurelsukh plans to visit Russia at the invitation of Dmitry Medvedev, his Russian counterpart, the Ministry of Foreign Affairs of Mongolia reports.

Fri, 29 Nov 2019 17:42:28 GMT

BMW, Great Wall plan new EV plant construction

Germany's BMW and Great Wall Motor are planning a plant construction in China, worth $716M with the capacity of 160K cars per year, to produce BMW's electric vehicles under its MINI brand, as well as GWA models.

Fri, 29 Nov 2019 16:41:25 GMT

Clariant to take 10% stake in Plant Advanced Technologies

Clariant is set to acquire a 10% stake in Plant Advanced Technologies, the cosmetics ingredients producer, as Swiss speciality chemicals firm seeks to build a strategic partnership with the French company.

Fri, 29 Nov 2019 15:49:13 GMT

Renault-Nissan to relaunch alliance with new head

Renault, Nissan and Mitsubishi are set to name new general secretary at their alliance's helm to strengthen cooperation and resume their joint operations following the ex-chairman Carlos Ghosn's departure.

Fri, 29 Nov 2019 14:43:47 GMT

Thai Beverage explores possible beer IPO

Thai Beverage is considering to sell some beer assets in its potential initial public offering that could attract about $3.0B, Reiters reported on Friday.

Fri, 29 Nov 2019 14:32:22 GMT

Daily Mail owner to acquire 'i' newspaper for £50M

On Friday, Daily Mail newspaper's owner announced it would acquire the "i" website and newspaper from JPI Media in a deal worth £49.6M in cash consideration.

Fri, 29 Nov 2019 13:39:07 GMT

Putin, Zelenskiy likely to discuss gas deal

The Russian and Ukrainian leaders, Vladimir Putin and Volodymyr Zelenskiy, are likely to discuss a natural gas deal during the Paris meeting set for December 9, Kremlin's spokesman stated on Friday.

Fri, 29 Nov 2019 12:15:21 GMT

Daimler to lay off thousands of staff worldwide

On Friday, Daimler announced it would cut at least 10K jobs worldwide by the end of 2022 after the company reached an agreement with labour unions.

Fri, 29 Nov 2019 10:42:22 GMT

Renault and Nissan reboot alliance

On Friday, Mitsubishi, Renault and Nissan announced that the companies would renew their alliance by appointing a new general secretary.

Fri, 29 Nov 2019 10:13:59 GMT

Future Retail shares rise on Amazon investment approval

On Friday, shares in India's Future Retail surged as much as 13%, after the country's antitrust body had granted its approval for a minority stake purchase by Amazon.com.

Fri, 29 Nov 2019 08:41:51 GMT

India's Ola aims to launch IPO process in 2021

The SoftBank-backed Indian ride-hailing company Ola is planning to launch its initial public offering process by the March-end in 2021, while also aims at cutting its workforce by about 5% amid preparations.

Fri, 29 Nov 2019 07:42:25 GMT

Japanese retail sales drop the most since 2015

Retail sales in Japan plunged at the fastest pace since 2015 in October as a hike tax induced consumers to trim their spending, raising concerns over the domestic demand's strength.

Fri, 29 Nov 2019 06:54:43 GMT

Dubai's Damac chairman buys Italy's Cavalli

Roberto Cavalli, the Italian fashion house, has been acquired by Dubai's Damac chairman Hussain Sajwani on Thursday; a deal that rescued the Italian company and ended its long sale process.

Fri, 29 Nov 2019 06:02:04 GMT

PSA prepares for stake sale in Changan tie-up

Peugeot owner PSA Group is preparing for a 50% stake sale in its joint venture with Chongqing Changan Automotive, the carmaker's Chinese partner, a spokesman for PSA stated.

Fri, 29 Nov 2019 04:47:07 GMT

Banco do Brasil expects profit growth in 2020

Banco do Brasil, the Brazilian state-controlled lender, is expecting its profits to grow 10% in 2020, compared to the current year, its CFO Carlos Hamilton Araujo stated during the Thursday's meeting with analysts.

Fri, 29 Nov 2019 03:42:01 GMT

Spain's Socialists, ERC keep discussing new government

Esquerra Republicana de Catalunya, the Catalan separatist party, and Spain's Socialists have set another meeting for December 3 to continue talks over new government formation, seeking to finally break the deadlock.

Fri, 29 Nov 2019 03:17:01 GMT

Facebook aims to restore access after outage

Facebook stated it is trying to restore access after the central software systems' issues caused an outage in some of the company's apps, such as Instagram, during the Thanksgiving Day holiday.

Thu, 28 Nov 2019 21:29:45 GMT

Net migration to Britain lowest since 2013

Net migration to the UK declined to the lowest level since 2013 over the year to June, driven by pre-Brexit decrease in the arrival of EU citizens moving for work.

Thu, 28 Nov 2019 20:26:40 GMT

Japanese retail sales tumble most since 2015

Japan's retail sales dropped 7.1% in October from the prior year, affected by weak demand for items such as household appliances, cars and clothing.

Thu, 28 Nov 2019 17:42:44 GMT

Germany's inflation up 1.2% in November

German yearly inflation grew slightly 1.2% in November, though remained well below the ECB target level for the seventh month in succession.

Thu, 28 Nov 2019 16:41:12 GMT

NBD cuts over 400 jobs

Dubai's biggest bank, Emirates NBD cut more than 400 jobs since October, as banks in the UAE reduce their costs due to slower economic growth.

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