News

Note: This section contains information in English only.
Fri, 15 Mar 2019 19:01:45 GMT

Ford to cut jobs in Germany, Britain

The US automaker Ford announced plans to cut more than 5K jobs in Germany and is set to reduce the workforce in the UK, seeking to return to profit in Europe, the company stated.

Fri, 15 Mar 2019 18:21:45 GMT

US manufacturing sector slows amid weaker economic growth

The US manufacturing production fell for a second month in succession in February, suggesting further evidence of a solid slowdown in the economic growth early in the Q1.

Fri, 15 Mar 2019 18:18:49 GMT

BMW applies for battery cell research financing

Germany's luxury carmaker BMW applied for state financing of R&D in the battery cells field, a spokesman stated, adding that this does not mean that the company is set toproduce them itself.

Fri, 15 Mar 2019 18:15:40 GMT

Indian exports grow 8.7% in 11 months

India's total exports over the period from April 2018 to February 2019 stood at an expected $483.98B, exhibiting a positive 8.73% growth over the same period in the prior year.

Fri, 15 Mar 2019 17:18:51 GMT

Snapchat to announce gaming platform in April

Parent of Snapchat messaging application Snap planned to announce the company's gaming platform in the next month, Cheddar reported, citing sources familiar with the matter.

Fri, 15 Mar 2019 17:11:12 GMT

Fed to raise rates once more in Q3

The US Federal Reserve is likely to remain patient for longer than thought last month, waiting until the Q3 before raising interest rates once again, a Reuters poll of economists revealed.

Fri, 15 Mar 2019 16:34:29 GMT

US job openings add 102K in January

The US job openings in January increased 102K to a seasonally adjusted 7.58M in January, supported by vacancies at real estate, wholesalers and information sectors, the US Labour Department stated.

Fri, 15 Mar 2019 16:24:58 GMT

EZ inflation grows 1.5% year-over-year in February

EZ inflation edged higher in line with expectations in February, Eurostat confirmed, mainly due to more expensive services, alcohol, food, alcohol and tobacco.

Fri, 15 Mar 2019 15:36:44 GMT

Brazi's Caixa plans Petrobras stake sale

On Friday, Brazil's Caixa Econômica Federal CEO Pedro Guimarães stated the Brazilian state-controlled bank was planning a share sale in the oil group Petroleo Brasileiro, potentially worth about $2.34B.

Fri, 15 Mar 2019 15:31:52 GMT

RFR Holding, Signa confirm Chrysler Building buy

Signa Holding, Austria's real estate firm, and RFR Holdings have confirmed on Friday they had acquired the New York's iconic Chrysler Building in a deal worth $150M.

Fri, 15 Mar 2019 14:19:49 GMT

Tokyo 2020 launches robots to aid wheelchair users

On Friday, Tokyo 2020 Olympics & Paralympics has rolled out an ambitious Robot Project, revealing two robots designed to help wheelchair users, athletes and workers at the Games.

Fri, 15 Mar 2019 14:15:12 GMT

Fed to hold two hearings on SunTrust, BB&T merger

The US Federal Reserve announced two public hearings scheduled for April 25 and May 3 on the proposed BB&T-SunTrust merger deal, the largest among banks since the global financial crisis in 2007-2009.

Fri, 15 Mar 2019 13:36:43 GMT

Engineers develop simple, cheap tests for emissions

Engineers are developing cheap and simple battery-powered devices to check the emission norms of a car within minutes, with the tool price to be around $9.06K.

Fri, 15 Mar 2019 13:20:26 GMT

KGHM has no plans for Serra Gorda sale

KGHM, the Polish mining company has no plans for a sale of its Chilean copper mining project Sierra Gorda, its CEO Marcin Chludzinski stated on Friday.

Fri, 15 Mar 2019 12:39:11 GMT

Blackstone to acquire Japan's drug maker Ayumi

On Friday, Blackstone Group stated it had agreed to acquire the Japanese drug developer Ayumi Pharmaceutical in a deal valued at about $1.0B.

Fri, 15 Mar 2019 10:59:12 GMT

Theresa May announced an ultimatum

The Prime Minister of the United Kingdom on Friday issued an ultimatum to the UK lawmakers. The PM announced that there will be a long delay to Brexit unless the Parliament votes for her Brexit deal.

Fri, 15 Mar 2019 10:58:45 GMT

BMW prepares for no-deal Brexit

On Friday, representatives of the carmaker BMW announced that they are still preparing for a no-deal Brexit scenario despite all recent developments in the process.

Fri, 15 Mar 2019 10:33:25 GMT

Facebook's CPO Cox to leave company

Facebook's Chief Product Officer Chris Cox is set to leave the social media giant, sending the company's shares down 1.7% on the announcement.

Fri, 15 Mar 2019 10:28:05 GMT

Azul seeks acquiring Avianca Brasil's jets at lower rates

Brazilian carrier Azul is seeking to acquire 30 planes of the struggling airline Avianca Brasil at lower lease rates and rehire the majority of its employees, while avoiding debts and labour disputes.

Fri, 15 Mar 2019 09:39:58 GMT

Brazil's Caiza to divide Bano Pan shares with BTG Pactual

Brazil's Caixa Econômica Federal is set to explore an option to acquire half of the shares offered in the capital increase of Banco Pan worth $105M in 2017, in a deal in which the firm together with BTG Pactual will hold a 41.7% stake each.

Fri, 15 Mar 2019 09:32:51 GMT

Hungary's OTP mkes nest bid for Slovenia's Abanka

Hungary's bank OTP made the best proposal for the Slovenian third-biggest bank Abanka, offering around $339M, according to the Dnevnik daily newspaper's report published on Friday.

Fri, 15 Mar 2019 08:33:24 GMT

PTT unit finalises Glow Energy stake buy

On Friday, PTT-owned power generating unit GPSC announced it had finalised the Glow Energy 69.1% stake acquisition, in one of the Southeast Asian biggest energy deal.

Fri, 15 Mar 2019 08:29:16 GMT

Tesla presents Model Y in California

Tesla presented it's new Model Y electric SUV in California late on Thursday, unveiling the price starting from $39K, in a launch that is expected to raise competition in the EU market.

Fri, 15 Mar 2019 07:30:55 GMT

UBS reserves $400M for tax case

The largest Swiss bank UBS stated on Friday that it has allocated $400M to the tax fraud case, which the company is intended to appeal in a French court and avoid paying a $5.09B fine.

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