News

Note: This section contains information in English only.
Fri, 10 Aug 2018 06:59:56 GMT

Engie seeks bidding for Brazilian power generator CESP

France's Engie SA Brazilian division is thinking over a bid for the domestic power generation firm Companhia Energetica de Sao Paulo, its top executive stated on Thursday.

Fri, 10 Aug 2018 06:37:51 GMT

US SDI offered to potential buyers for $500M

The US oil and gas drilling company Scientific Drilling International is seeking for a buyer, being proposed to some firms at the valuation of over $500M.

Fri, 10 Aug 2018 06:32:51 GMT

Investment firm Donerail Group seeks buying Tronc

The Starboard Value's executive Will Wyatt-led investment company Donerail Group is in negotiations to buy the Chicago Tribune owner Tronc, sources close to the matter reported on Thursday.

Fri, 10 Aug 2018 05:13:05 GMT

Oil prices surge amid US sanctions

Crude oil prices increased by 6 cents on Friday morning, reaching $66.87 a barrel, amid fears that restored American sanctions against Iran will squeeze supply.

Fri, 10 Aug 2018 05:08:38 GMT

Doug Field returns to Apple

According to sources familiar with the matter, Doug Field, the senior Vice President of Engineering at Telsa, left his post last month and is planning to return back to Apple.

Fri, 10 Aug 2018 04:20:47 GMT

Golden Gate Ventures to launch crypto fund

LuneX Ventures, the $10M fund founded by Singapore's Golden Gate Ventures, will invest in blockchain startups, security providers and cryptocurrency exchanges.

Fri, 10 Aug 2018 04:16:46 GMT

Qualcomm concludes deal with Taiwanese authorities

On Friday, mobile chipmaker Qualcomm had finally agreed with Taiwanese regulators to settle a competition case for $93M and, in addition to that, invest nearly $700M into local economy over the upcoming five years.

Fri, 10 Aug 2018 03:06:00 GMT

Australia CB charts steady rates, as inflation lags expansion

The Reserve Bank of Australia anticipated solid economic growth in 2018 and next, but still doubted that inflation would reach the target's mid-point even in 2020, which was a reason for unchanged rates for some period.

Fri, 10 Aug 2018 02:56:01 GMT

Tesla shares down 5% on Wall Street scepticism

Tesla's shares fell nearly 5%, wiping out the gains fueled by the CEO Elon Musk's intention to take the business private, following reports of regulators' concern and doubts over possibility of the deal.

Fri, 10 Aug 2018 02:33:07 GMT

Japan economy rebounds due to brisk spending

The Japanese economy expanded more than anticipated in the Q2, supported by strong business and household spending, though global trade tensions loom, being the main risks to the investment and export outlook.

Fri, 10 Aug 2018 02:26:39 GMT

Dropbox registers more paying users than anticipated

Online file storage company Dropbox signed up increased number of paying subscribers in the June quarter than Wall Street anticipated.

Thu, 09 Aug 2018 20:17:41 GMT

Soluna to build wind farm for blockchain centre

The blockchain firm Soluna is set to construct a 900MW wind farm with the cost of $2.5B in Morocco in order to power its computing centre in Dakhla.

Thu, 09 Aug 2018 20:15:21 GMT

Tesla shares fall 5% amid scepticism

Shares of the electric car manufacturer Tesla Inc fell 5% on Thursday due to Wall Street being sceptical about the CEO Elon Musk taking the company private.

Thu, 09 Aug 2018 18:49:27 GMT

Tribune Media ends $3.9B merger with Sinclair

The US-based conglomerate Tribune Media Co has terminated its merger contract with Sinclair Broadcast Group worth $3.9B and sued the rival for a breach of contract.

Thu, 09 Aug 2018 18:47:59 GMT

Thyssenkrupp expects job cuts during reorganisation

The German industrial group Thyssenkrupp told media on Thursday that reorganisation in the company could not be achieved without job cuts.

Thu, 09 Aug 2018 18:01:36 GMT

Atlanta Fed cuts US GDP forecast to 4.3% in Q3Y2018

The Federal Reserve of Atlanta has decreased its growth forecast for the US economy to 4.3% in the third quarter of 2018, compared to the previous estimate of 4.4%.

Thu, 09 Aug 2018 18:00:26 GMT

Mexico wants to end bilateral talks with US before discussing NAFTA

The Economy Minister of Mexico said the country wanted to end bilateral trade negotiations with the US before Canada returned to the table with NAFTA talks.

Thu, 09 Aug 2018 17:20:35 GMT

Trade association says US policies affect German trade

The President of BGA trade association Holger Bingmann said on Thursday that US policies were negatively affecting the German foreign trade, especially individual companies.

Thu, 09 Aug 2018 17:18:18 GMT

Samsung launches Galaxy Note 9

Samsung Electronics Co Ltd launched on Thursday the new gamer-friendly Galaxy Note 9 that is said to offer quick cooling system and longer battery life.

Thu, 09 Aug 2018 15:52:33 GMT

Russia says new US sanctions illegal

The Russian Foreign Ministry said on Thursday that the new US sanctions against Russia were illegal and that retaliatory measures would be imposed.

Thu, 09 Aug 2018 15:50:50 GMT

Turkish Lira falls against US Dollar

The Turkish Lira fell to a record low against the US Dollar on Thursday in response to the growing tensions between Turkey and the United States.

Thu, 09 Aug 2018 15:02:34 GMT

US unemployment claims fall last week

The Department of Labour reported on Thursday that the US unemployment claims fell to 213k last week, thus showing the growing strength of the US labour market.

Thu, 09 Aug 2018 14:59:35 GMT

US wholesale inventories edge up 0.1% in June

The Commerce Department reported on Thursday that the US wholesale inventories increased by 0.1% in June, compared to the market estimate of 0.00%.

Thu, 09 Aug 2018 13:57:56 GMT

Taxify to invest millions of euro into East Africa within five years

Estonia's ride-sharing service Taxify is planning to make an investment in East Africa worth millions of euro within the following five year, betting on motorcycles and motorised rickshaws.

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