News

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Fri, 01 Feb 2019 09:33:09 GMT

Emirates, China Southern Airlines sign codeshare accord

On Friday, China Southern Airlines stated it had inked a MoU with the Gulf airline Emirates for the codesharing agreement that covered 18 routes and would come into force on March 31.

Fri, 01 Feb 2019 08:25:45 GMT

Venezuela's Citgo denies potential bankruptcy

The Venezuela PDVSA-owned US refiner Citgo denied a Thursday's report claiming the firm was weighting to file for bankruptcy in the US amid dispute between Venezuela's leftist government and the President Donald Trump.

Fri, 01 Feb 2019 08:22:06 GMT

UK's WorldFirst shuts US operations

WorldFirst, the UK currency exchange start-up, will shut down its US operations to avoid a possible regulatory hurdle for the planned takeover by the Chinese fintech group Ant Financial Services, the FT reported on Friday.

Fri, 01 Feb 2019 07:25:45 GMT

Jet Airways agrees to Etihad's bailout terms

Jet Airways accepted the most of Etihad Airways' bailout conditions, sending Jet's shares up as much as 18% on Friday, according to the Business Standard.

Fri, 01 Feb 2019 07:22:58 GMT

LafargeHolcim finalises $1.75B sale of Indonesia unit

The cement maker LafargeHolcim announced on Friday it had finalised the sale of an Indonesian unit in a deal that valued the company at $1.75B.

Fri, 01 Feb 2019 06:31:48 GMT

Nintendo and Line jointly develop new mobile game

Nintendo Co Ltd announced on Friday that it joined forces with Line Corp and began developing new mobile game called "Dr. Mario World" that is planned to be released this summer.

Fri, 01 Feb 2019 06:22:53 GMT

India's fiscal deficit to reach 3.4% in 2019

The acting Finance Minister of India Piyush Goyal stated on Friday that the country's fiscal deficit this year would reach 3.4% instead of the initially planned 3.3%.

Fri, 01 Feb 2019 05:27:39 GMT

Amazon reduces activity in India

On Friday, an altered foreign direct investment (FDI) regulation came into effect forcing large e-commerce companies, such as Amazon to refuse to sell various goods in India.

Fri, 01 Feb 2019 05:22:41 GMT

Trump ready to meet with Xi Jinping

The US President Donald Trump stated on Thursday that in nearest future he would meet with China's leader Xi Jinping to try to close a bilateral trade deal.

Thu, 31 Jan 2019 21:08:34 GMT

Visa, Mastercard warn of lower spending overseas next year

Quarterly reports from Visa and Mastercard indicated a decline in cardholder's overseas spending next year amid the strong Dollar, an outcome of the US-China trade dispute and Brexit.

Thu, 31 Jan 2019 21:05:21 GMT

Indian jobless rate hits 45-year high

An official survey revealed that India's jobless rate rose to to the highest level in 45 years during 2017-2018, the Business Standard reported.

Thu, 31 Jan 2019 20:29:32 GMT

Italy GDP contracts in Q4

The Italian economy contracted for the second quarter in succession at the end of 2018, falling quarterly 0.2% between October and December, after a 0.1% percent decline in the Q3.

Thu, 31 Jan 2019 20:27:18 GMT

Canada's economy contracts 0.1% in November

The Canadian GDP contracted 0.1% in the month of November, though analysts suggested that it is unlikely to be enough to deter the BoC from further monetary policy tightening in the H2 of this year.

Thu, 31 Jan 2019 19:04:33 GMT

US labour costs grow steadily in Q4

The US labour costs rose steadily in the Q4, as employers increased benefits for employees, encouraging the biggest annual increase since 2009.

Thu, 31 Jan 2019 19:02:21 GMT

German economy to increase 0.1% in Q4

German output is expected to grow around 0.1% in the fourth quarter, suggesting that that Europe's largest economy avoided a recession after contracting in the Q3, the IfW stated.

Thu, 31 Jan 2019 18:34:22 GMT

Saudi economy expands 2.21% in 2018

The economy of Saudi Arabia expanded 2.21% in 2018, supported by strong oil sector and recovering from 2017 contraction, when the growth was hurt by austerity measures and weak oil prices.

Thu, 31 Jan 2019 18:28:25 GMT

EZ growth sticks to weakest rate since 2014

The Euro zone economic growth stuck to the lowest pace in four years in the fourth quarter of 2018, with the expansion rate in the year also the slowest in four years.

Thu, 31 Jan 2019 17:38:44 GMT

WPP plans selling 49% stake in Richard Attias

Advertising group WPP is et to sell its 49% stake in the consulting company Richard Attias & Associates to the firm's founder, RAA's spokesman announced on Thursday.

Thu, 31 Jan 2019 17:36:31 GMT

Italy's Nexi to pick banks for listing this week

Nexi, the Italian banking services provider, is planning to sign up the investment banks this week to launch one of the largest initial public offerings lately, Reuters reported.

Thu, 31 Jan 2019 16:36:53 GMT

Elliott raises its stake in Telecom Italia

The US hedge fund Elliott increased its Telecom Italia stake to 9.4%, escalating the battle over Italy's phone company with its key shareholder Vivendi.

Thu, 31 Jan 2019 16:33:46 GMT

KPN shares surge on potential Brookfield bid

Shares of the Dutch firm KPN surged over 8% this Thursday due to a Bloomberg report stating that Brookfield Asset Management is potentially considering to launch a takeover bid for the company.

Thu, 31 Jan 2019 15:34:21 GMT

GE sales beat WS forecasts, shares surge

General Electric topped Wall Street's estimates for its Q4 sales, sending the company's shares up 9.6% in the pre-market trading on Thursday.

Thu, 31 Jan 2019 15:30:09 GMT

Facebook shares jump amid strong Q4 results

Facebook's shares surged about 12% on Thursday, as the company revived its focus on products, winning investors support after posting strong Q4 results.

Thu, 31 Jan 2019 14:24:21 GMT

Berry Global considers takeover bid for RPC

On Thursday, the US Berry Global Group stated it was thinking over a potential all-cash takeover bid for the British packaging products manufacturer RPC Group, challenging Apollo Global's $4.33B offer to acquire the firm.

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