News

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Wed, 18 Sep 2019 19:46:53 GMT

Qatar Petroleum, Shell to form LNG marine fuel JV

On Wednesday, Shell announced it had agreed to form a partnership with Qatar Petroleum to speed up the liquified natural gas development fuelling the infrastructure across the world.

Wed, 18 Sep 2019 18:59:35 GMT

LME to postpone ban on tainted metal

According to sources with knowledge of the matter, the London Metal Exchange would delay the ban on tainted metal until 2025.

Wed, 18 Sep 2019 17:54:31 GMT

Apple to use recycled rare earth elements for iPhone parts

Lisa Jackson, Apple's Vice President for policy, social initiatives and environment, said on Wednesday that the company would reuse recycled rare earth component materials for its new iPhone parts.

Wed, 18 Sep 2019 17:00:09 GMT

Canada's annual inflation rate falls to 1.9% in August

According to the Statistics Canada data release, the Canadian annual inflation declined by 1.9% in August on lower gas prices.

Wed, 18 Sep 2019 15:56:06 GMT

European shares remain stable

On Wednesday, European shares remained stable after an early decline, as investors and traders await the US Federal Reserve's policy statement.

Wed, 18 Sep 2019 15:09:35 GMT

Trump names O'Brien as national security adviser

On Wednesday, the US President Donald Trump named Robert O'Brien, the US hostage negotiator, as the new national security adviser.

Wed, 18 Sep 2019 13:41:07 GMT

Comcast to offer free Xfinity Flex to internet customers

On Wednesday, Comcast Corp stated it would provide its Xfinity Flex TV streaming device free of charge to the internet-only customers, allowing them to browse and search for various content from such streaming services like Amazon Prime, Netflix and Hulu.

Wed, 18 Sep 2019 13:03:43 GMT

Facebook launches new Portal video chatting devices

On Wednesday, Facebook released new devices for the Portal video chat, paving the way for the company into the TV streaming hardware; however, offering the limited options of the subscription services.

Wed, 18 Sep 2019 12:08:35 GMT

Nissan plans Trading unit sale worth $1.0B

Nissan Motor is planning a sale of its materials distribution and vehicle parts business in a deal potentially valued at around $1.0B, according to Bloomberg, on the back of the struggling Japanese carmaker's intention to slim down.

Wed, 18 Sep 2019 11:35:17 GMT

India imposes ban on electronic cigarettes

On Wednesday, India has imposed a ban on production, sale and import of electronic cigarettes, a decision that will hit the planned expansion of such companies as Philip Morris International and Juul Labs in the country.

Wed, 18 Sep 2019 09:53:07 GMT

Britain's inflation drops to lowest since 2016

British consumer prices grew 1.7% in August, hitting its lowest level since 2016, compared to the prior month's increase of 2.1%, in a pre-Brexit push to the household spending power, the Office for National Statistics reported on Wednesday.

Wed, 18 Sep 2019 09:35:49 GMT

JPMorgan sees Johnson unlikely to sign Brexit deal

On Wednesday, the US investment bank JPMorgan stated that Boris Johnson, the UK Prime Minister, was unlikely to sign a Brexit deal at the EU summit scheduled for October 17-18.

Wed, 18 Sep 2019 08:29:27 GMT

UK investigates US takeover

On Wednesday, UK officials stated that they will investigate a five billion takeover of UK defence firm Cobham by a private US equity firm.

Wed, 18 Sep 2019 06:45:06 GMT

Del Vecchio takes 6.94% in Mediobanca

The eyewear company Luxottica-founder, Leonardo Del Vecchio, who also owns a stake of 4.86% in the Italian largest insurer Generali, has acquired a 6.94% stake in Italy's investment house Mediobanca, his holding firm Delfin announced on Tuesday.

Wed, 18 Sep 2019 06:34:32 GMT

WeWork postpones IPO after lacklustre investor response

The We Company, the owner of WeWork, has delayed the launch of its initial public offering planned for this month, following a lacklustre investor response to its plans.

Wed, 18 Sep 2019 05:01:21 GMT

South Korea drops Japan from fast-track trade status

On Wednesday, South Korea's Ministry of Trade, Industry and Energy said in a statement that it had approved plans to remove Japan from its fast-track trade status.

Wed, 18 Sep 2019 04:00:35 GMT

Confidence among companies in Asia bounces in September

According to a Thomson Reuters/INSEAD survey, the Asian Business Sentiment Index, which keeps track on firms' six-month forecast, rose by 5% in September from a 10-year low.

Wed, 18 Sep 2019 03:08:57 GMT

Iran's Supreme Leader rejects talks with US

Ayatollah Ali Khamenei, the Iranian Supreme Leader, said on Tuesday that there would be no talks with the United States at any level.

Wed, 18 Sep 2019 01:45:50 GMT

Coveney says Ireland wants Brexit deal

Simon Coveney, the Irish Foreign Minister, said on Tuesday that Ireland is open to a Brexit deal, but yet to see written proposals from the UK.

Tue, 17 Sep 2019 20:24:34 GMT

Kraft Heinz down as 3G Capital slashes stake

Kraft Heinz shares declined 4% on Tuesday, following the sale of 25M shares in the open market at a discount by the 3G Capital, the company's second largest investor.

Tue, 17 Sep 2019 19:24:51 GMT

Apple: EU tax order 'defies common sense'

Apple stated that the EU order to the US company to pay $14B in back taxes "defies common sense", as both sides sparred in the case key to the Union's crackdown over deals to multinationals.

Tue, 17 Sep 2019 18:04:48 GMT

Saudis' CB: GDP growth to be close to IMF forecast

The economic growth of Saudi Arabia is expected to be not be too far from the IMF forecast of 1.9% increase, the Central Bank's governor stated.

Tue, 17 Sep 2019 17:16:50 GMT

Fair raises $500M loan

Fair, the car leasing start-up, stated that it raised $500M in loans from creditors' group, including Softbank and Mizuho Ban, looking to expand leasing services to Uber drivers.

Tue, 17 Sep 2019 15:50:20 GMT

US manufacturing output rebounds in August

The US manufacturing production grew more than anticipated 0.5% in August, supported by jump in primary metals production and machinery, though the outlook for factories was still weak.

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