News

Note: This section contains information in English only.
Tue, 24 Apr 2018 07:36:26 GMT

Germany's Lilium hires designer behind Fiat 500, modern Mini

The German start-up Lilium, which aims to build "flying taxis", has hired a designer Frank Stephenson, who was behind the iconic car brands that included Fiat 500, modern Mini and McLaren P1.

Tue, 24 Apr 2018 07:26:42 GMT

Trimble to acquire privately-held Viewpoint for $1.2B

The software firm Trimble is planning buy the privately-held Viewpoint from the investment company Bain Capital in a deal worth $1.2B, as it seeks service expansion in the construction sector.

Tue, 24 Apr 2018 06:31:51 GMT

Russia's Foreign Minister Lavrov: US not about to leave Syria

On Tuesday, Russia's Foreign Minister Sergei Lavrov stated that the United States was not eager to leave the borders of Syria, despite Washington claimed it had been planning to do that.

Tue, 24 Apr 2018 06:30:37 GMT

PSA Group's revenue surges 42% amid Opel-Vauxhall takeover

France's carmaker PSA Group reported its Q1 revenue soared 42% to $22.2B, boosted by the company's takeover of Opel-Vauxhall that took place last year.

Tue, 24 Apr 2018 04:52:43 GMT

GSAM: insurers plan to increase private equity investment

According to a survey by the Goldman Sachs Asset Management, 32% of insurers would maintain or raise their private equity investments within the following 12 months.

Tue, 24 Apr 2018 04:52:32 GMT

Asian stocks gain after heavy selling

Asian stocks strengthened from their two-week lows on Tuesday after the heavy sell-off apparent during the previous sessions.

Tue, 24 Apr 2018 04:26:55 GMT

Brent crude oil strengthens on strong demand

Brent crude oil extended gains for the sixth session and edged above $75 per barrel on Tuesday, driven by expectations of tighter supply and possible US sanctions against Iran.

Tue, 24 Apr 2018 04:22:37 GMT

Shares of Assured Guaranty fall after Einhorn's comment

Shares of Assured Guaranty plunged by 6% during the after-hour trading on Monday in response to a comment by David Einhorn that the stock of the bond insurer would fall.

Tue, 24 Apr 2018 03:10:52 GMT

BoC upbeat on economy's improvement

The BoC Governor Stephen Poloz revealed an optimistic assessment of Canadian economic prospects, adding that expected inflation rise above the target would be temporary.

Tue, 24 Apr 2018 03:10:40 GMT

Alphabet's ad sales, costs surge in Q1

Alphabet reported a solid increase in advertisments' sales on YouTube and Google search, which were not enough to offset the company's raising costs that shrank Q1 operating margin.

Tue, 24 Apr 2018 02:31:27 GMT

Didi Chuxing starts operating in Mexico

China's ride-hailing business Didi Chuxing started to provide services in Mexico's city of Toluca, causing a potentially costly competition with Uber in the Latin American market.

Tue, 24 Apr 2018 02:30:35 GMT

Australia's inflation remains soft in Q1

Australia's consumer price growth was soft in the March quarter, as core inflation started the third year in succession below the RBA target, postponing the rate hike.

Mon, 23 Apr 2018 19:27:43 GMT

UAE to finance $50.4M project to renew Grand al-Nuri Mosque

The United Arab Emirates are set to fund $50.4M project of rebuilding Grand al-Nuri Mosque, which demolished by militants of Islamic State last year.

Mon, 23 Apr 2018 19:26:49 GMT

Infosys to revive focus on digital services

Infosys, the one of the largest India's IT companies, planned to pay attention on digital services, seeking to boost growth due to falling profit margins in legacy business and higher competition.

Mon, 23 Apr 2018 18:15:16 GMT

Merkel welcomes new trade agreement between Mexico and EU

German Chancellor Angela Merkel welcomed the new trade agreement between the EU and Mexico and underlined the importance of free trade ahead of meeting with the US President Donald Trump. 

Mon, 23 Apr 2018 18:08:17 GMT

Hundreds of Indonesians protest against ridesharing startups

On Monday, hundreds of Indonesian drivers working for ridesharing startups Go-Jek and Grab protested against low online fares and called for stricter regulation of ridesharing companies. 

Mon, 23 Apr 2018 17:19:22 GMT

US government extends Rusal sanctions deadline

The US government claimed that it will give more time to the US customers of Russian aluminium giant Rusal to comply with sanctions, which has resulted in growth of Rusal shares on the Moscow exchange. 

Mon, 23 Apr 2018 17:13:30 GMT

Russia: NATO enlargement to Balkans threatens security

On Monday, Russian parliamentarian Valentina Matvienko claimed that NATO enlargement to the Balkans threatens security and stability in the region and criticised Montenegro's decision to join the alliance. 

Mon, 23 Apr 2018 16:04:25 GMT

ECB could provide liquidity to falling banks

On Monday, the ECB head Benoit Coeure stated that the ECB could provide liquidity to failing banks in case the banks had enough securities and were not set for liquidation.

Mon, 23 Apr 2018 15:56:07 GMT

Trump claims may tie Mexican border control to NAFTA

The US President Donald Trump claimed that Mexican immigration control could be one of the conditions of a new NAFTA treaty, adding that the US border must be protected from illegal immigrants.

Mon, 23 Apr 2018 15:21:19 GMT

Macron meets Trump to discuss trade and Iran

On Monday, the President of France Emmanuel Macron arrived to Washington D.C. to meet with the US President Donald Trump to discuss trade issues and the Iran nuclear problem.

Mon, 23 Apr 2018 15:11:38 GMT

Armenian PM Sarksyan resigns

On Monday, the Prime Minister of Armenia Serzh Sarksyan claimed that he was resigning from his post after two weeks of street protests in Armenia, which had led to political crisis in the state.

Mon, 23 Apr 2018 14:34:09 GMT

Humana ties-up with PE firms to acquire Curo Health Services

Humana has tied-up with two private equity companies to acquire the privately held hospice operator Curo Health Services in a deal valued at about $1.4B.

Mon, 23 Apr 2018 14:31:13 GMT

Sears CEO: retailer to sell real estate, business units

Eddie Lampert, the Sears CEO stated on Monday that the Illinois-based retailer should sell its real estate and business units, including Kenmore appliances brand, sending the firm's shares up 5.5% to $3.17 on the news.

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