News

Note: This section contains information in English only.
Wed, 09 Jan 2019 18:18:14 GMT

Lennar sales below estimates amid weak housing demand

Lennar reported weaker-than-expected home sales in the quarter and orders, confirming fears that the US property market was slowing in the face of higher rates and increasing prices, following years of strong growth.

Wed, 09 Jan 2019 18:14:54 GMT

Toyota recalls 1.3M vehicles in US for air bag inflators

Toyota Motor stated that it was recalling another 1.3M vehicles in the US for potentially faulty air bag inflators made by Takata within a multi-year recall campaign started in 2016.

Wed, 09 Jan 2019 17:17:26 GMT

France's Engie seeks reviving talks over TAG takeover

Engie SA, the French energy group, is expecting to revive talks to acquire Petroleo Brasileiro's gas transportation unit TAG this year, its CEO stated on Wednesday.

Wed, 09 Jan 2019 17:14:52 GMT

Nassef Sawiris slams his stake in LafargeHolcim

One of LafargeHolcim's largest shareholders, Nassef Sawiris, cut his stake in the cement maker by around 1.6M shares worth over $67.5M, Handelszeitung daily reported on Wednesday.

Wed, 09 Jan 2019 16:21:14 GMT

Israel's high-tech companies lift record $6.47B last year

Israel's private high-tech firms raised their record $6.47B in 2018, up 17% from the previous year, according to the ZAG law group and Israel Venture Capital Research Centre's report published on Wednesday.

Wed, 09 Jan 2019 16:13:27 GMT

T-Mobile beats expectations by adding 1M customers in Q4

On Wednesday, T-Mobile US reported it had added 1M of new phone subscribers in the Q4, beating Wall Street's expectations for nearly 858K customers.

Wed, 09 Jan 2019 15:36:18 GMT

Facebook's Zuckerberg to host public debates on tech future

Facebook's CEO Mark Zuckerberg is set to host several public debates considering technology future in society, which is considered to be a part of Zuckerberg's personal 2019 challenge.

Wed, 09 Jan 2019 15:28:44 GMT

Norway explores option to ban Huawei's 5G network

On Wednesday, the Norwegian Justice Minister stated the country was considering an option to exclude Huawei Technologies from building its 5G telecommunications infrastructure, following the other western nations.

Wed, 09 Jan 2019 14:36:13 GMT

Brazil's Pharol unit, Oi agree to halt legal disputes

Braziian Pharol's subsidiary and the telecom group Oi agreed to terminate their legal disputes, preparing the ground for Oi's long-awaited operating turnaround.

Wed, 09 Jan 2019 14:30:17 GMT

Debenhams lenders picks FTI as advisers on restructuring

According to a Sky News report published on Wednesday, Debenhams lenders hired FTI Consulting, seeking the company to advise on the UK department state group's restructuring.

Wed, 09 Jan 2019 13:38:35 GMT

HNA sells controlling stake in Manhattan building for $422M

On Wednesday, China's conglomerate HNA Group announced it had sold its controlling stake in Manhattan building for $422M.

Wed, 09 Jan 2019 12:37:59 GMT

Vinci to spend $1.32B on Lisbon airport projects

France's Vinci is set to provide $1.32B in funding for the Lisbon airport expansion and a new hub construction in Montijo, it announced on Tuesday.

Wed, 09 Jan 2019 12:27:22 GMT

GlaxoSmithKline looks to buy early-stage assets

GlaxoSmithKline is seeking partnership with companies and early-stage assets acquisitions, the CEO of the US drugmaker, Emma Walmsley, stated on Tuesday.

Wed, 09 Jan 2019 11:16:49 GMT

Germany stresses no-deal Brexit preparations

On Wednesday, the Economy Minister of Germany Peter Altmaier announced that the European Union has to make the necessary preparations for a no-deal Brexit.

Wed, 09 Jan 2019 11:15:19 GMT

Austria suggests extending Brexit deadline

The Austrian Chancellor on Wednesday reconfirmed his belief that the EU should extend the Brexit deadline, if the UK Parliament does not pass the current Brexit deal.

Wed, 09 Jan 2019 10:02:26 GMT

Shareholders approve Pan American's bid for Tahoe Resources

Pan American Silver's $1.07B cash-and-stock deal to acquire its rival Tahoe Resources was granted an approval by shareholders of the two companies, potentially breathing a new life into Guatemala's struggling Escobal mine.

Wed, 09 Jan 2019 09:53:09 GMT

China to unveil new policies to boost domestic spending

China is set to introduce new policies to strengthen domestic consumption on such items as home appliances and autos in 2019, according to the country's key state planning official.

Wed, 09 Jan 2019 09:03:16 GMT

Taylor Wimpey expects solid sales in new year

Taylor Wimpey, the British third-biggest builder, stated the 2019 sales indicators were solid , after saying the 2018 report would come in line with company's expectations, after posting a 3% rise in the homes number built.

Wed, 09 Jan 2019 08:58:05 GMT

Venezuela halts oil deals with French, US companies

The Venezuelan opposition-run congress banned the oil deals among the state-owned firm PDVSA and French and US companies due to not sending them for a lawmakers' approval.

Wed, 09 Jan 2019 08:12:18 GMT

Ted Baker reports higher-than-expected retail sales in holiday period

Ted Baker, the British fashion retailer, reported on Wednesday its retail sales rose 12.2% during the Christmas holiday period, driven by higher demand for its online products.

Wed, 09 Jan 2019 08:02:21 GMT

Alibaba acquires Germany's data Artisans for around €90M

Alibaba Group Holding, the Chinese e-commerce giant, acquired data Artisans, Germany's data analysis start-up, in a deal worth nearly €90M, according to Handelsblatt daily newspaper's report showed on Wednesday.

Wed, 09 Jan 2019 07:39:34 GMT

Sainsbury's sales drop in key Christmas quarter

On Wednesday, Sainsbury announced its sales, excluding fuel, plunged 1.1% in its key Christmas Q3, a lower-than-expected drop in the company's underlying sales.

Wed, 09 Jan 2019 05:49:07 GMT

Vietnam announces Facebook violations

Vietnamese officials announced on Wednesday that Facebook has violated the country's new cyber security law. The violation is the allowing users to post anti-government comments.

Wed, 09 Jan 2019 05:48:40 GMT

China plans a larger fiscal deficit

On Wednesday, Chinese officials announced that in 2019 the fiscal target deficit of will be 2.8% of the GDP. In 2019 the deficit target was 2.6%.

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