News

Note: This section contains information in English only.
Wed, 06 Feb 2019 07:39:39 GMT

Ralph Lauren beats Q4 sales, earnings expectations

Ralph Lauren, the luxury retailer, has topped analysts' estimates, reporting better-than-expected results for its Q4 earnings and sales, sending the company's shares up more than 12% on the news.

Wed, 06 Feb 2019 07:35:29 GMT

US calls on EU allies to boycott Huawei equipment

The United States warned its EU allies not to use China's Huawei Technologies equipment for building the 5G mobile networks, State Department's official reported.

Wed, 06 Feb 2019 05:44:15 GMT

Tesla cuts Model 3 price

On Wednesday, it was announced by Tesla that the company is once more cutting its Model 3 car's price due to the end of a customer referral program.

Wed, 06 Feb 2019 05:43:22 GMT

Australian central bank considers rate cuts

The head of the Australian central bank on Wednesday announced that the bank is considering a possible main rate cut, which would decrease the value of the Australian Dollar.

Wed, 06 Feb 2019 05:33:45 GMT

Toyota earnings increase

Toyota Motor Corporation announced their third quarter earnings on Wednesday. The company's profits have continued to increase due to bigger sales in Asia.

Wed, 06 Feb 2019 05:33:15 GMT

United Airlines will offer new premium seats

On Wednesday, United Airlines announced that the company will offer additional 1,600 premium seats on both domestic and international flights.

Wed, 06 Feb 2019 04:33:53 GMT

Egypt's foreign debt grows to $93.B

Egypt's total foreign debt increased to $93.1B by the end of September last year, up half a billion dollars from the same year's June end, the Central Bank of Egypt stated.

Wed, 06 Feb 2019 04:31:59 GMT

Russia to construct Iran-India gas pipeline

The Iranian Minister stated that his country accepted Russia's proposal to build a sub-sea pipeline to export natural gas to India.

Wed, 06 Feb 2019 03:19:38 GMT

Exxon, Qatar Petroleum invest in $10B LNG project

Exxon Mobil and Qatar Petroleum stated that they are set to invest in a $10B project to expand a LNG export plant in Texas, aiming to meet global demand for the fuel.

Wed, 06 Feb 2019 03:15:00 GMT

Disney reports profit above forecasts

Walt Disney reported quarterly earnings that handily topped estimates of the Wall Street owing to a booming theme park business and its ABC broadcast network's expansion.

Tue, 05 Feb 2019 20:53:47 GMT

Fiat Chrysler to recall 882K cars amid pedal, steering issues

On Tuesday, Fiat Chrysler Automobiles announced about the recall of about 882K pickup trucks globally due to the vehicles pedal and steering issues.

Tue, 05 Feb 2019 20:50:20 GMT

Innogy to reorganise npower after SSE collapsed deal

Innogy's Chief Operating Officer Martin Herrmann stated on Tuesday the German energy group would launch a restructuring of its UK retail unit npower, which was likely to trigger new job cuts round, after the failed JV deal with the peer SSE.

Tue, 05 Feb 2019 20:24:38 GMT

GE to pay $57M for failing to meet French job target

General Electric is set to pay $57M as it failed to meet the target of job creation agreed with the French authorities, when the company had acquired Alstom's energy unit, the country's Finance Ministry reported on Tuesday.

Tue, 05 Feb 2019 20:20:45 GMT

Germany might take firm stakes to protect under-threat industry

On Tuesday, Peter Altmaier, the German Economy Minister, stated Germany was ready to take stakes in firms to protect some major technology areas from foreign takeovers on the back of the country's new industrial strategy.

Tue, 05 Feb 2019 18:50:32 GMT

Merck CEO will testify before US Senate

On Tuesday it was announced that the Chief Executive Officer of Merck intends to testify before the US Senate in a hearing related to drug pricing.

Tue, 05 Feb 2019 18:50:24 GMT

Kaplan comments on Federal Reserve

A member of the Federal Open Markets Committee Robert Kaplan announced on Tuesday that most likely US interest rates will remain unchanged for several months.

Tue, 05 Feb 2019 18:20:42 GMT

US retail sales are expected to reach $3.8 trillion

The National Retail Federation of the United States on Tuesday announced that US retail sales should reach above $3.8 trillion during 2019.

Tue, 05 Feb 2019 18:20:14 GMT

France proposes EU competition rule overhaul

On Tuesday, French officials announced that the country will propose an overhaul of EU competition legislation. The official proposal will occur during the next couple of months.

Tue, 05 Feb 2019 17:09:09 GMT

Rosneft likely to launch share buyback this year

Russia's oil producer Rosneft may launch a buyback of shares in 2019, the company's official stated on Tuesday, adding that the final decision is depending on various factors.

Tue, 05 Feb 2019 17:03:04 GMT

HSBC to slash dozens of its investment banking staff

HSBC is planning to trim dozens of its market business and investment banking jobs, as part of its plan to cut costs to protect the company's dividends.

Tue, 05 Feb 2019 16:23:59 GMT

Alstom has no plans to appeal if Siemens deal scrapped

France's train manufacturer Alstom is unlikely to file an appeal against the possible rejection by the EU regulators of its deal with Siemens, the company's CEO Henri Poupart-Lafarge stated on Tuesday.

Tue, 05 Feb 2019 16:18:05 GMT

Apple agrees with France to pay back-dated tax

Apple, the US technology giant, has signed an agreement with French authorities to pay an undisclosed amount of the back-dated tax, potentially worth $571M, according to French media.

Tue, 05 Feb 2019 15:38:33 GMT

VW seeks Swedish investors to lead Traton IPO

Volkswagen has entered talks with the Swedish investors, AP Fund 1 & 4, AMF, Folksam and Investor AB, as it seeks them to become the major shareholders in its dual IPO of the Traton trucks unit.

Tue, 05 Feb 2019 15:30:15 GMT

TIM auditors unable to meet Vivendi request on meeting

Telecom Italia auditors stated they were unable to comply with the major investor Vivendi's request for holding the shareholder meeting potentially planned for this month with the aim to replace five members of the board.

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