News

Note: This section contains information in English only.
Wed, 19 Jun 2019 19:20:45 GMT

Adidas loses three-stripe extension

On Wednesday, it was revealed by EU officials that they have denied an extension of the Adidas three-stripe trade mark.

Wed, 19 Jun 2019 17:41:12 GMT

US Trade Representative will meet Chinese Vice Premier

On Wednesday, it was announced by the US government that the US Trade Representative Robert Lighthizer will meet with the Chinese Vice Premier Liu He prior to the G20 summit.

Wed, 19 Jun 2019 17:04:31 GMT

Crude Oil declines

At the start of Wednesday's US trading, crude oil price benchmarks declined. The move was attributed to a smaller than expected decline in US oil inventories.

Wed, 19 Jun 2019 15:44:37 GMT

US stocks trade flat at open

During the first hours of Wednesday's trading session, US stock indices remained flat, as the markets were expecting the Federal Reserve announcements scheduled for 18:00 GMT.

Wed, 19 Jun 2019 15:08:09 GMT

Fed should keep rates unchanged

Hours before the official Federal Reserve rate announcement, most market forecasts indicated that the Fed's interest rate will remain unchanged.

Wed, 19 Jun 2019 14:09:12 GMT

Spain's Repsol trims 30% of staff in Canada

Repsol, the Spanish energy company, is trimming around 30% of its workforce in Canada amid its global restructuring, the group announced on Tuesday in an email.

Wed, 19 Jun 2019 13:32:26 GMT

Harley-Davidson to produce smaller bikes in China

Harley-Davidson will team up with the Chinese firm Qianjiang Motorcycle to make new smaller bikes, following its promise to produce more motorcycles overseas, despite the decision angered the US President Donald Trump.

Wed, 19 Jun 2019 12:35:09 GMT

Croatia raises quota for foreign employees in some sectors

The Croatian government is set to lift quota for foreign employees in the construction and tourism sectors this year, after a recent appeal filed by employers.

Wed, 19 Jun 2019 11:08:51 GMT

Apple considers moving up to 30% of output capacity from China

Apple is exploring the option to move 15% to 30% of the company's production capacity to Southeast Asia from China on the back of its restructuring plans for the tech giant's supply chain, a Nikkei report showed on Wednesday.

Wed, 19 Jun 2019 09:52:00 GMT

Rocket strikes oil companies in Iraq

On Wednesday, a rocket hit residential and operational buildings of large oil companies in Basra, Iraq. The event is bound to decrease oil supply that would cause a price surge.

Wed, 19 Jun 2019 09:39:38 GMT

Germany's Altmaier raises HK issue during Beijing visit

On Wednesday, Peter Altmaier, the German Economy Minister, has raised the Hong Kong issue over the extradition law during his official visit to China's capital this week.

Wed, 19 Jun 2019 08:27:02 GMT

Johnson takes step closer to become new British PM

Boris Johnson has won 40% of votes in the contest's second round, moving towards to become the next British Prime Minister and succeed Theresa May, on his firm pledge to withdraw the country from the EU bloc by October 31.

Wed, 19 Jun 2019 04:59:18 GMT

Australia's Qantas Airways to order ten Airbus jets

On Wednesday, Qantas Airways announced that it would add 10 Airbus jets to its order, taking the company's total A320neo aircraft order to 109.

Wed, 19 Jun 2019 04:05:42 GMT

US and China revive trade talks

The United States and China are reviving trade negotiations ahead of the meeting between President Xi Jinping and President Donald Trump at the G20 summit in Japan.

Wed, 19 Jun 2019 03:39:04 GMT

Trade tensions affect Asia's business confidence

Confidence among companies in Asia dropped to the lowest since the 2008 financial crisis in the June quarter, as the US-China trade war disrupted global supply chains, a survey found.

Tue, 18 Jun 2019 19:44:30 GMT

Airbus and Boeing acquire deals

During the Paris Airshow on Tuesday, Airbus and Boeing have closed deals totalling more than $17 billion. The news are bound to boost both company stock prices.

Tue, 18 Jun 2019 18:45:58 GMT

Atlanta Fed decreases GDP forecast

The Atlanta Federal Reserve announced on Tuesday that it is decreasing its US GDP annual growth forecast from 2.1% to 2.0%.

Tue, 18 Jun 2019 17:53:56 GMT

Mark Carney praises central banks

On Tuesday, the Governor of the Bank of England announced that during the last ten years central banks have made advances in the way that they manage their economies.

Tue, 18 Jun 2019 16:43:57 GMT

Trump comments on Trade Wars

The US President Donald Trump announced on Tuesday that the US and Chinese trade talk teams will restart talks ahead of the G20 summit.

Tue, 18 Jun 2019 15:41:34 GMT

Merkel comments on Russian sanctions

On Tuesday, the Chancellor of Germany Angela Merkel announced that western sanctions on Russia would be lifted if the sovereignty of Ukraine would be restored.

Tue, 18 Jun 2019 14:43:58 GMT

Deutsche Bank plans management overhaul

Bloomberg reported on Tuesday that the CEO of Deutsche Bank Christian Sewing is organizing a top management overhaul, which would include replacing the CFO.

Tue, 18 Jun 2019 14:07:38 GMT

Trump set to meet Chinese President Xi

On Tuesday, the US President Donald Trump announced he was set for a meeting with China's President Xi Jinping later this month during the G20 summit in Japan, adding the trade talks would also restart before time.

Tue, 18 Jun 2019 12:51:17 GMT

Infineon attracts $1.7B to aid fund Cypress deal

Infineon Technologies has raised $1.74B in the accelerated capital increase, seeking to fund its planned takeover deal of Cypress Semiconductor with shares placed at €13.70 for a piece.

Tue, 18 Jun 2019 11:50:13 GMT

Embraer signs $1.9B jet deal with United Airlines

Brazilian planemaker Embraer has agreed at the Paris Air Show on a deal with United Airlines valued at $1.9B for the 39 E175 jets delivery, which is seen to start in the 2020 Q2.

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