News

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Fri, 21 Sep 2018 09:35:49 GMT

Peugeot calls on France to resume incentives for hybrids

PSA Group is urging France to resume the sales incentives on the company's rechargeable hybrid cars, as it launches plug-in versions of the larger models to adhere to the EU tough emissions rules.

Fri, 21 Sep 2018 08:35:24 GMT

De Loecker to become new CEO of Beiersdorf

Nivea lotion maker Beiersdorf has named its current Deputy CEO Stefan De Loecker as the company's CEO in December according to the German manager magazine.

Fri, 21 Sep 2018 08:30:55 GMT

Shares of Moss Bros drop to seven-year low

On Friday, shares of Moss Bros Group plunged 29% to their lowest level in seven years, after a warning report that its annual operating profit is unlikely to meet the expectations.

Fri, 21 Sep 2018 07:39:01 GMT

Etihad, Emirates deny report on possible merger deal

Etihad and Emirates airlines have denied a report made by Bloomberg that the companies could sign a potential merger deal with Emirates taking over Etihad.

Fri, 21 Sep 2018 07:36:45 GMT

Czech investor Kretinsky buys more shares in Germany's Metro

Daniel Kretinsky, the Czech investor, is acquiring up to 10% of extra stake in Germany's retailer Metro from Ceconomy, both companies announced on Thursday.

Fri, 21 Sep 2018 06:02:27 GMT

United Tech gets contract to supply US Air Force with jet parts

United Technologies has won the US defence contract worth about $2.46B to supply aircraft parts to the US Air Force, according to Pentagon's statement.

Fri, 21 Sep 2018 05:50:53 GMT

ESR Group makes A$693 takeover bid for Australia's Propertylink

On Friday, ESR Group's unit made a A$693.2, or A$1.15 per share, takeover bid for Propertylink Group, the Australian real estate investment trust, Propertylink announced on Friday.

Fri, 21 Sep 2018 05:33:26 GMT

Spain's Caixabank to sell its stake in Repsol

Spain's Caixabank announced on Thursday that it would sell a 9.4% stake in the country's oil giant Repsol and book a 450M loss in the Q3.

Fri, 21 Sep 2018 04:38:11 GMT

Medtronic to buy Mazor for $1.64B

Medtronic, the medical equipment firm, is set to acquire Israel's Mazor Robotics in the all-cash deal worth about $1.64B, both companies announced on Thursday.

Fri, 21 Sep 2018 03:39:52 GMT

Japan's inflation ticks up, but BoJ target still elusive

Japan's core consumer inflation ticked up slightly in August, though remained distant from the Bank of Japan's 2% target, suggesting that monetary policy would stay ultra-loose.

Fri, 21 Sep 2018 03:37:23 GMT

Japan's Abe, Trump to meet on September 26

Shinzo Abe, the Japanese Prime Minister, and the US President Donald Trump are expected to hold a summit meeting on September 26, Japan's top government spokesman stated.

Fri, 21 Sep 2018 02:33:35 GMT

Adobe to buy Marketo for $4.75B

Adobe Systems agreed to buy Marketo for $4.75B from private equity company Vista Equity Partners, adding weight to the cloud-based digital marketing business.

Fri, 21 Sep 2018 02:30:41 GMT

Uber considers buying Deliveroo

Ride-hailing firm Uber Technologies was in early negotiations to buy food delivery business Deliveroo, Bloomberg reported, citing sources familiar with the matter.

Thu, 20 Sep 2018 20:00:52 GMT

Vodafone to unveil 1,000 5G networks in UK by 2020

On Thursday, Vodafone said it would unveil about 1,000 5G enabled networks in the UK by 2020.

Thu, 20 Sep 2018 19:59:51 GMT

Hong Kong`s cardinal calls for Vatican foreign minister to quit

On Thursday, the cardinal of Hong Kong said that any deal with Beijing would result in a betrayal of Catholic faith and called for Pope's secretary of state to resign.

Thu, 20 Sep 2018 19:02:23 GMT

Kavanaugh accuser faces Friday`s deadline to decide whether to testify

The woman who accused President's Donald Trump Supreme Court nominee, Brett Kavanaugh of sexual misconduct, faced Friday`s deadline to decide if to testify before a Senate panel.

Thu, 20 Sep 2018 18:07:58 GMT

French and British jets struggle to shadow Russian planes

On Thursday, French and British fighter jets struggled to probe suspected Russian military plane, flying over the North Sea.

Thu, 20 Sep 2018 18:07:40 GMT

Argentine Peso surges on IMF talks

On Thursday, the Argentine Peso increased by 3.2% after the country reached a new standby financing deal with the International Monetary Fund.

Thu, 20 Sep 2018 17:07:34 GMT

EU leaders push for Brexit deal in October

On Thursday, the European Union leaders said that they would push for a Brexit agreement in October.

Thu, 20 Sep 2018 17:07:14 GMT

Fed: US municipal bond market increases to $3.853T in Q2

On Thursday, the Federal Reserve report showed that the US municipal bond market has increased to $3.853 trillion in the Q2.

Thu, 20 Sep 2018 16:22:37 GMT

Elanco surges 36% in IPO debut

Shares of Elanco Animal Health climbed 36% in the company's stock market debut, indicating investors' enthusiasm for the rapidly-growing pet healthcare market.

Thu, 20 Sep 2018 16:17:41 GMT

US household net worth nearly $107T in Q2

The US households added almost $2.2T to their wealth in the three-month period to June this year, totalling $106.9T in the Q2, the Fed report showed.

Thu, 20 Sep 2018 15:05:40 GMT

Panasonic and Inmarsat team up over in-flight broadband

Japan's Panasonic and Britain's Inmarsat has tied up to provide an in-flight broadband for the commercial airlines, a feature that allows passengers to use Internet during their flights.

Thu, 20 Sep 2018 15:04:24 GMT

Samsung to cut memory chip growth in anticipated demand slump

Samsung Electronics is set to reduce its memory chip growth in 2019, seeking to keep its supplies tight due to an anticipated slowdown in demand, Bloomberg's report showed on Thursday.

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