News

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Sat, 12 Oct 2019 13:00:13 GMT

Brazil GDP slows down

The economy of Brazil will expand only 0.9% in 2019 amid a lack of economic reforms, a decline from 1.1% growth in 2018, a report published by the National Confederation of Industry shows.

Sat, 12 Oct 2019 12:06:22 GMT

China approves new IPOs

The China Securities Regulatory Commission has approved IPOs of China Zheshang Bank, Beijing Zuojiang Technology, Jiangsu Jinji Industrial and NCS Testing Technology.

Sat, 12 Oct 2019 11:21:23 GMT

China smartphone shipments decline

Smartphone shipments in China declined 5.7% in September, compared to the same period the previous year, to 34.7M units, the China Academy of Information and Communications Technology reports.

Sat, 12 Oct 2019 10:24:58 GMT

CIS members to improve economic cooperation

The CIS countries have agreed to improve economic cooperation between the member nations at a summit in the Turkmen capital Ashgabat.

Sat, 12 Oct 2019 09:06:03 GMT

China to revoke foreign ownership limits

The China Securities Regulatory Commission stated on Friday that limits on ownership of financial companies by foreigners would be lifted starting from next year's April.

Sat, 12 Oct 2019 08:26:40 GMT

Irish economy depends on Brexit

The Central Bank of Ireland stated on Friday that the future temps of growth of the country's economy would significantly depend on the Brexit outcome.

Sat, 12 Oct 2019 07:30:18 GMT

Modi and Xi meet in Chennai

The Indian Prime Minister Narendra Modi and Chinese President Xi Jinping met on Friday in the city of Chennai and agreed to intensify bilateral exchanges to achieve greater prosperity.

Sat, 12 Oct 2019 06:33:11 GMT

US farmers praises Trump for trade deal news

The US farmers praised on Friday the country's President Donald Trump for the announcement of an increase of agricultural sales to China.

Sat, 12 Oct 2019 05:32:29 GMT

US cancels October tariff hike

The US President Donald Trump stated on Friday that there would be no tariff hike on Chinese goods this month, as two countries moved forwards in trade deal negotiations.

Sat, 12 Oct 2019 03:14:28 GMT

Ziobro lays out judicial reform plans in Poland

Zbigniew Ziobro, Poland's Justice Minister, has set out plans for further justice system reforms ahead of the country's general election.

Sat, 12 Oct 2019 02:14:49 GMT

Trump nominates Sullivan as Russian ambassador

The US President Donald Trump has named John Sullivan, the US Deputy Secretary of State, as the US ambassador to Russia.

Fri, 11 Oct 2019 19:44:28 GMT

Renault seeks fresh start for alliance with Nissan

On Friday, Renault's board voted to oust the CEO Thierry Bollore amid intention of the French carmaker and its Japanese partner Nissan to reboot the alliance on the back of the scandal-hit tenure of the ex-supremo Carlos Ghosn.

Fri, 11 Oct 2019 18:41:43 GMT

Brazil's Gol, American Airlines discuss partnership

Gol Linhas Aereas Inteligentes and American Airlines Group are discussing a potential partnership, seeking to integrate flights between the carriers in Latin America, Brazil's Valor Economico reported on Friday.

Fri, 11 Oct 2019 17:47:07 GMT

Commerzbank hires Goldman, JPM to advise on mBank sale

Commerzbank has hired Goldman Sachs and JPMorgan as advisers for Poland's mBank sale launched by the German lender, holding a 69.3% stake in the Polish bank worth around $2.65B.

Fri, 11 Oct 2019 16:42:02 GMT

Uber to buy Cornershop

Uber announced that it is set to buy majority stake in Cornershop, the online grocery provider, as the ride-hailing firm moves to expand its delivery service into the market of grocery stores.

Fri, 11 Oct 2019 15:51:26 GMT

Canada adds 53K jobs up in September

Canada's economy added more-than-expected 53.7K net jobs in September, with the gains in full-time work and mostly driven by the services sector, Statistics Canada revealed.

Fri, 11 Oct 2019 14:43:50 GMT

Brazil's services activity drops in August

Activity in Brazil's services sector declined 1.4% in August year-on-year, more steeply than anticipated, suggesting that the broader recovery in the economy remained sluggish and uneven.

Fri, 11 Oct 2019 13:53:24 GMT

Metro confirms partnership talks with Wumart

On Friday, the German retailer Metro has confirmed it had entered advanced negotiations with China's Wumart over a potential partnership regarding Metro-owned Chinese operations, lifting Metro's shares 2% on the news.

Fri, 11 Oct 2019 12:59:13 GMT

Australia's Clean TeQ halts battery metals accord with MCC

On Friday, Clean TeQ Holdings, Australia's mine developer has terminated its agreement China Metallurgical Corporation to develop the company's Sunrise Battery Materials Complex, delaying the battery metals project.

Fri, 11 Oct 2019 11:45:22 GMT

Toyota Motor launches redesigned hydrogen sedan

On Friday, Toyota Motor Corp has rolled out its completely redesigned hydrogen fuel cell sedan amid the Japanese carmaker's intention to revive the niche technology demand, making it mainstream.

Fri, 11 Oct 2019 11:02:05 GMT

Tusk comments on Brexit

On Friday, the President of the European Council Donald Tusk stated that there is no guarantee of a Brexit deal despite latest successful talks.

Fri, 11 Oct 2019 09:41:32 GMT

Hyundai, Kia agree on engine defect lawsuit settlement

On Friday, Hyundai Motor and Kia Motors Corp have agreed on how to settle the lawsuit filed against the carmakers by US owners of certain cars over potential risks of an engine fire. The settlement provides a free inspection, lifetime warranties, and the covered engines repair.

Fri, 11 Oct 2019 08:42:40 GMT

Fidelity cuts online trading fees to zero

Fidelity Investments trimmed online trading commissions to zero on US stock trades, ETFs and options, joining its competitors in a trade fees cut to rival new players in the market.

Fri, 11 Oct 2019 07:45:46 GMT

KKR, Shell and Mitsubishi make final round in Eneco auction

Japan's Mitsubishi, the private equity group KKR and Royal Dutch Shell have made their final auction round for the Dutch utility Eneco, potentially valued at $3.4B, with the deadline for final bids ending on November 4, sources reported.

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