News

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Thu, 17 Jan 2019 21:23:03 GMT

Nissan to lay off workers in Mississippi

Nissan Motor's US arm stated that it plans to lay off nearly 700 contract employees at the company's Mississippi assembly plant, citing slowing sales of Titan pickup trucks and vans.

Thu, 17 Jan 2019 21:20:41 GMT

Netflix adds 8.84M paid subscribers in Q4

Netflix stated that it added 8.84M paid global subscribers in the Q4, while analysts anticipated 9.18M increase in net global streaming additions.

Thu, 17 Jan 2019 20:23:30 GMT

Japanese firms to offer $92M to deal with plastic waste

To help to eliminate the plastic waste, three main Japanese chemical firms that they are set to offer about $92M to a new international fund.

Thu, 17 Jan 2019 20:19:11 GMT

German arms exports fall 22.7% in 2018

The arms exports' total value approved by Germany's government dropped 22.7% in 2018, the Ministry of Economic Affairs stated.

Thu, 17 Jan 2019 19:25:33 GMT

EZ annual inflation at 1.6% in December

Euro zone's consumer prices remained flat last month, while the yearly rate of inflation dropped from 1.9% to 1.6% in the month of November, according to the revised estimate.

Thu, 17 Jan 2019 18:31:28 GMT

US economic expectations fall to lowest in two years

The US consumers this month were the most pessimistic over the economy since November 2016, the third drop in succession after expectations to the 16-year high three months earlier, due to the partial government shutdown.

Thu, 17 Jan 2019 18:28:07 GMT

UK demand for mortgages, credit cards to plummet before Brexit

Lenders in the UK anticipated demand for credit cards lending and mortgages to fall markedly in several years, adding to signs of a weaker economic growth before Brexit.

Thu, 17 Jan 2019 16:59:02 GMT

ADM to take complete control of Britain's Gleadell

Archers Daniels Midland, the US agribusiness group, is set to buy the rest of 50% stake in the UK grain merchant Gleadell from his current partner InVivo, taking the full control of the company.

Thu, 17 Jan 2019 16:58:54 GMT

General Atlantic buys minority stake in German powercloud GmbH

General Atlantic, the US investment company, is acquiring a minority stake of the German powercloud GmbH and is ready to back the energy software firm in its efforts to expand into other markets.

Thu, 17 Jan 2019 16:01:58 GMT

Saudi's NCB to hire JPMorgan as adviser for bank merger talks

The largest lender of Saudi Arabia, National Commercial Bank, is eager to hire JPMorgan as an adviser to the merger talks with its smaller competitor Riyad Bank, sources reported.

Thu, 17 Jan 2019 15:55:37 GMT

Israel's Playtika acquires Austria's card games maker

On Thursday, the Israeli mobile games firm Playtika stated it had taken over Austria's card games company Supertreat GmbH, only a month after it had acquired Wooga GmbH, the German puzzle developer, as Playtika sought more expansion into casual games.

Thu, 17 Jan 2019 15:36:47 GMT

Sri Lanka to get $1.0B Bank of China loan in Q1

Bank of China is set to pay a $1.0B loan before the Q1-end, the central bank's chief announced on Thursday, as it seeks helping the country meet the repayments during next months.

Thu, 17 Jan 2019 15:33:18 GMT

Saudi Aramco picks Riyad Bank, SMBC for Amiral financing

Saudi Aramco hired Riyad Bank and Japan's SMBC as advisers to its Amiral petrochemical project financing that the company is planning to develop with the French oil and gas firm Total.

Thu, 17 Jan 2019 14:37:38 GMT

Jet Airway's lenders consider restructuring plan

Jet Airway's creditors are currently weighing the restructuring plan to resolve the carrier's debt issues, SBI stated on Thursday, due to reports its shareholders are set to resolve their differences.

Thu, 17 Jan 2019 14:28:16 GMT

US initial jobless claims fall 3K unexpectedly last week

The number of applications for US unemployment benefits dropped unexpectedly to 213K in the week ending January 12 from the preceding 216K reading, and missing analysts' expectations for a rise to 219K.

Thu, 17 Jan 2019 13:00:07 GMT

China's growth seen to fall to 6.3% this year

China's economic growth is likely to slow to 6.3% in 2019 due to weakening domestic demand, as well as exports that are hit by the US sanctions, according to Reuters poll published on Thursday.

Thu, 17 Jan 2019 12:54:11 GMT

Germany's RWE owns $1.7B/year on renewable expansion

Germany's electricity and gas supplier RWE has around $1.7B per year for wind and solar power capacity expansion, as it is set to receive Innogy and E.ON's renewable units to form an 8.6 GW joint renewable capacity.

Thu, 17 Jan 2019 12:38:31 GMT

US lawmakers put more pressure in ZTE, Huawei

US lawmakers accelerated their pressure on ZTE and Huawei, banning the US chips sale or other electronic parts to the Chinese telecommunications firms, which are violating the US export control laws or sanctions.

Thu, 17 Jan 2019 12:23:27 GMT

Macquarie attracts $5.0B for North America's infrastructure fund

On Thursday, the Australian Macquarie Group's investment unit announced it had raised $5.0B for the company's latest fund, as it seeks to make an investment into North American infrastructure.

Thu, 17 Jan 2019 10:58:37 GMT

Hitachi freezes nuclear project in UK

On Thursday, representatives of the Japanese company Hitachi announced that they will freeze a $28 billion nuclear project in Wales due to Brexit.

Thu, 17 Jan 2019 10:57:50 GMT

Top North Korean envoy visits US

On Thursday, it was revealed by Yonhap news agency that a top envoy of North Korea is visiting the United States for denuclearization talks.

Thu, 17 Jan 2019 10:39:44 GMT

Husky Energy to get over 50% support in hostile MEG takeover

Canada's Husky Energy is expecting to secure the majority of more than 50% of support from the MEG Energy shareholders for its hostile takeover worth C$3.3B.

Thu, 17 Jan 2019 10:36:42 GMT

WESCO International to buy Osram's lighting unit

The US-based WESCO International is set to acquire Osram's North American lighting business in a deal worth less than €100M, both firms announced on Wednesday.

Thu, 17 Jan 2019 09:38:59 GMT

Deutsche Bank shares jump as regulators seek EU tie-up

Shares in Deutsche Bank surged on Wednesday, as Bloomberg reported that regulators would like Germany's lender to tie up with an EU competitor rather than the local rival Commerzbank.

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