News

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Mon, 13 Jan 2020 05:16:04 GMT

Walmart fires 50 executives in India

According to sources familiar with the matter, Walmart ended relationship with nearly 50 executives in pre process of restructurisation of its business in India.

Mon, 13 Jan 2020 04:10:57 GMT

Peugeot family plans to increase stake in PSA- Fiat Chrysler

France's Peugeot family is planning to raise its stake in the new automaker emerging from PSA and Fiat Chrysler's merger, as quickly as possible.

Mon, 13 Jan 2020 02:54:32 GMT

Thyssenkrupp rises efforts to sell Industrial Solutions

On Sunday, the Financial Times reported that Germany's conglomerate Thyssenkrupp has intensified efforts to sell the company's Industrial Solutions unit.

Sun, 12 Jan 2020 20:13:33 GMT

Khamenei calls for cooperation

The Supreme Leader of Iran Ayatollah Ali Khamenei on Sunday called the Middle East countries for greater cooperation and repeatedly criticized the US policy in the region.

Sun, 12 Jan 2020 19:11:23 GMT

Europe urges Iran to observe nuclear deal

On Sunday, leaders of Germany, France and the UK called Iran to honour the 2015 nuclear agreement and avoid any further escalation of conflict.

Sun, 12 Jan 2020 18:04:58 GMT

White House officials to visit UK

The US delegation is expected to pay an official visit to the United Kingdom to convince the British government not to use Huawei equipment.

Sun, 12 Jan 2020 16:41:45 GMT

Peugeot aims to raise stake in PSA-Fiat Chrysler

Peugeot, which is likely to own a stake of 6.2% in the carmaker resulting from Fiat Chrysler's and PSA merger, aimed to raise its stake as quickly as possible.

Sun, 12 Jan 2020 15:42:06 GMT

Thyssenkrupp increases efforts to sell Industrial Solutions

Germany's Thyssenkrupp AG accelerated efforts to sell the company's Industrial Solutions, which builds industrial sites and plants.

Sun, 12 Jan 2020 15:27:41 GMT

Mercedes-Benz to build cars with Geely

Mercedes-Benz is set to build smart-branded EV with Geely Automobile in China's Xian with yearly capacity of around 150K vehicles.

Sun, 12 Jan 2020 14:39:50 GMT

Israeli deficit to reach 4% of GDP

Israeli budget deficit is expected to be nearly 4% of GDP in the next years if there is no tax and spending adjustments.

Sun, 12 Jan 2020 13:32:51 GMT

Relx to open 10K stores

E-cigarette firm Relx Technology announced that it will open 10K stores globally within the next three years.

Sun, 12 Jan 2020 12:30:35 GMT

China not to change position on Taiwan

The Foreign Ministy of China stated on Sunday that its position regarding Taiwan would not be changed despite the re-election of Tsai Ing-wen.

Sun, 12 Jan 2020 10:17:42 GMT

France's Philippe offers concession to unions

The Prime Minister of France Edouard Philippe offered on Saturday to labour unions to revoke plans to raise pension age by two years if certain conditions were met.

Sun, 12 Jan 2020 09:34:50 GMT

BoE's Vlieghe likely to push for rates cut

According to the Financial Times, Gertjan Vlieghe, the policymaker of the Bank of England, would vote for a rate cut, if the government data showed weak growth rates.

Sun, 12 Jan 2020 08:33:38 GMT

Hengfeng Bank receives $14B investment

According to the Xinhua news agency, Chinese Hengfeng Bank has been given $14B to conduct restructurization under supervision of local authorities.

Sun, 12 Jan 2020 07:34:47 GMT

Saudi Aramco collects $29.4B

Saudi Aramco reported on Sunday that sale of additional 450M shares allowed it to raise $29.4B on initial public offering (IPO).

Sun, 12 Jan 2020 06:18:35 GMT

President Ing-wen wins Taiwan election

Tsai Ing-wen, the Taiwanese President, has secured a second term in office, after winning a landslide victory in the presidential election on Saturday.

Sun, 12 Jan 2020 04:45:29 GMT

Philippe offers concession to trade unions

On Saturday, Edouard Philippe, France's Prime Minister, offered a major compromise to trade unions over the pension system reform.

Sun, 12 Jan 2020 03:50:17 GMT

Thailand's Parliament approves 2020 budget

On Saturday, Thailand's Parliament approved the delayed 2020 budget bill, as the government aimed to revive the country's economy.

Sun, 12 Jan 2020 02:45:27 GMT

Berlin to host Libyan peace talks

Angela Merkel, the German Chancellor, said on Saturday that Berlin would host Libya's peace talks, as Russia and Turkey pleaded with the Libyan warring parties to join a ceasefire.

Sat, 11 Jan 2020 21:20:29 GMT

BMW delivers more vehicles in 2019

BMW has delivered a total of 2.52M vehicles to clients worldwide in 2019, an increase of 1.2%, compared to the same period the prior year, the German car manufacturer reports.

Sat, 11 Jan 2020 20:00:26 GMT

Moroccan, British ministers discuss ties

The British Minister for International Trade Conor Burns and the Moroccan Minister of Foreign Affairs Nasser Bourita have discussed bilateral ties at a meeting in Rabat, the capital of Morocco.

Sat, 11 Jan 2020 19:00:23 GMT

Japan business conditions deteriorate

The index of business conditions in Japan declined to a six year low of 95.1 in November 2019, a statement released by Japan's Cabinet Office shows.

Sat, 11 Jan 2020 18:26:27 GMT

Sri Lanka economy to expand modestly in 2020

The Sri Lankan economy is likely to expand modestly in 2020, a report published by the ICRA Lanka, a credit rating agency licensed by the Securities and Exchange Commission of Sri Lanka, shows.

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