News

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Fri, 30 Aug 2019 16:53:26 GMT

Crude oil prices surrender some of their recent gains

On Friday, crude oil prices surrendered some of its recent gains, but were still on track for the biggest weekly gain since July, buoyed by an easing of trade tensions between the United States and China.

Fri, 30 Aug 2019 15:58:28 GMT

Italy's 5-Star Movement sets out conditions for coalition with PD

On Friday, the leader of Italy's 5-Star Movement said that his party would not enter a coalition government with the Italian centre-left Democratic Party unless its policy program was adopted.

Fri, 30 Aug 2019 15:08:39 GMT

Trump accuses Fed of inaction, as Euro slides US Dollar

On Friday, the US President Donald Trump said in a Twitter post that the Eurozone single currency is dropping against the US Dollar like crazy, as he blamed the US Federal Reserve of inaction.

Fri, 30 Aug 2019 14:39:13 GMT

AirAsia trims order plans for Airbus A330neo

AirAsia Group, the Malaysian budget carrier, has dropped its plans to order the Airbus A330neo wide-body passenger aircraft on Friday, shifting focus to the A321 long-range new version.

Fri, 30 Aug 2019 12:41:13 GMT

Didi Chuxing to roll out automotive pick-up service in China

Didi Chuxing, the ride-hailing giant, is planning to launch its self-driving service to pick up its passengers in the Chinese city of Shanghai, and seeking for an international expansion outside China's borders by 2021.

Fri, 30 Aug 2019 12:28:34 GMT

China to free 16 Tesla EV models from purchase tax

China is set to exempt 16 of Tesla's electric vehicle models from the purchase tax, the country's Industry and Information Technology Ministry announced on Friday.

Fri, 30 Aug 2019 11:38:34 GMT

UK banks face 25% hit to earnings amid no-deal Brexit

Citigroup's analysts stated on Friday that British banks would face up to 25% hit to their earnings in case Britain left the European Union with on deal.

Fri, 30 Aug 2019 10:16:48 GMT

CNH Industrial explores Iveco truck unit spin-off

CNH Industrial, the Italian-American industrial automaker, is exploring a potential spin-off of its Iveco truck unit on the back of a wider reorganisation plan, Reuters reported on Thursday, citing sources.

Fri, 30 Aug 2019 09:02:01 GMT

Yuan set for worst month since 1994

On Friday, as the US Dollar gained value and China had been devaluating its currency due to trade wars, the Chinese Yuan was expected to book the largest monthly decline since 1994.

Fri, 30 Aug 2019 08:00:08 GMT

Ireland and UK dispute Brexit

On Friday, representatives of the United Kingdom and Ireland announced that they have not reached an agreement to deal with the Brexit Irish border backstop.

Fri, 30 Aug 2019 07:04:24 GMT

ECB Lautenschlaeger comments on policy

On Friday, a member of the ECB Executive Board Sabine Lautenschlaeger announced that it is much too early for the ECB to consider a package of monetary stimulus.

Fri, 30 Aug 2019 02:28:23 GMT

Workday beats revenue estimates in Q2

Workday reported stronger-than-expected quarterly revenue, which jumped 34% to $757.2M, as the company signed up more firm for its software, sending share up 1.2% in extended trading.

Thu, 29 Aug 2019 20:25:59 GMT

Apple to sell parts to repair shops

Apple announced on Thursday that it will start selling parts, repair guides and tools to independent repair stores for broken iPhones, adding that the program will launch in the US before being extended to other countries.

Thu, 29 Aug 2019 18:50:31 GMT

Volkswagen to invest in car plant in Brazil

Volkswagen is set invest $577M in one of the company's Brazil factories, the state governor of Sao Paulo Joao Doria stated on Thursday during his visit to the headquarters in Germany.

Thu, 29 Aug 2019 18:06:14 GMT

EU to approve $2.6B Aleris, Novelis deal

EU antitrust regulators are expected to clear Novelis' $2.6B Aleris' takeover after the US aluminium producer promised a far-ranging concessions' set, sources familiar with the matter stated.

Thu, 29 Aug 2019 16:52:11 GMT

US auto sales likely to grow 5%

The US auto sales were expected to increase 5% in August from the same month a year ago, supported by high volumes amid higher manufacturer incentives and increased average sales prices, LMC Automotive. and J.D. Power stated.

Thu, 29 Aug 2019 16:20:44 GMT

Germany's inflation eases last month

Germany's inflation weakened with consumer prices rising 1.0% year-over-year in August, after 1.1% increase in the prior month, while unemployment grew, adding to signs that the economic growth slowed and strengthening expectations of the new ECB stimulus next month.

Thu, 29 Aug 2019 15:27:19 GMT

US pending home sales decrease in July

The Index representing contracts on pending home sales in the US dropped unexpectedly 2.5% in July, according to the report by the NAR that suggested that households likely to be holding back amid heightened concerns about the economy.

Thu, 29 Aug 2019 14:38:59 GMT

Best Buy annual sales forecast disappoints investors

On Thursday, Best Buy Co stated it was expecting its annual same-store sales outlook below analysts' forecasts amid the US tariffs imposed on China imports, such as video game consoles, smartphones and other electronics.

Thu, 29 Aug 2019 12:55:46 GMT

Sony sells back its 5% stake in Olympus Corp

Sony Corp is planning to sell back its 5% stake to the Japanese medical and imaging equipment maker, Olympus Corp, for $762.88M, following Third Point LLC's call for such a move.

Thu, 29 Aug 2019 11:41:44 GMT

Tencent drops investment plans for China's VIPKid

Tencent Holdings has scrapped its plans for a $150M investment in the Chinese education company VIPKid amid Beijing's intention to tighten the online education platforms' oversight.

Thu, 29 Aug 2019 11:06:53 GMT

CityFibre launches bid for TalkTalk's FibreNation

Goldman Sachs-backed CityFibre, the UK broadband operator, has launched a bid for the rival TalkTalk's network firm FibreNation, according to a Sky News report.

Thu, 29 Aug 2019 09:44:37 GMT

Apple stops gathering Siri recordings

On Thursday, Apple announced that the company will stop gathering Siri audio requests that are made by clients.

Thu, 29 Aug 2019 09:08:00 GMT

Swedbank appoints front-runner Henriksson as new CEO

Folksam's Chief Executive Jens Henriksson has been appointed as a new CEO to Swedbank, in the lender's efforts to rebuild confidence following the recent money-laundering scandal.

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