News

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Sat, 16 Dec 2017 06:51:15 GMT

Unilever to sell spreads, margarine business for $8B to KKR

Unilever announced its decision to sell spreads and margarine business to the US private equity company KKR for $8.04B to focus on rapidly growing products.

Sat, 16 Dec 2017 06:23:42 GMT

AT&T, US Justice Department settlement negotiations failed

The US Justice Department and AT&T held unsuccessful settlement negotiations over the pay-TV and wireless company's bid to purchase TV show and movie maker Time Warner.

Sat, 16 Dec 2017 06:22:48 GMT

BoC sticks to rate increase bias, despite uncertainties over NAFTA

The Bank of Canada retained the option of further interest rate increases in early 2018, despite unclarities, such as NAFTA talks, which could derail the country's economy.

Fri, 15 Dec 2017 20:00:18 GMT

Many Canadian firms could move to US amid NAFTA talks

According to survey prepared by the Export Development Canada, nearly six percent of Canadian companies could relocate part of their operations to the US because of ambiguity over the future of the NAFTA trade deal.

Fri, 15 Dec 2017 19:58:55 GMT

CSX shares drop amid CEO's medical leave

On Friday, CSX Corp's stock plunged 10.3% to $51.42 in premarket trade, as the company's CEO Hunter Harrison took medical leave for sudden complications from an unknown illness.

Fri, 15 Dec 2017 19:11:13 GMT

Schulz to discuss with Merkel formation of government

On Friday, the leader of Social Democrats (SPD) Martin Schulz agreed to start negotiations with Angela Merkel's Christian Democrats (CDU) on formation of a new German government.

Fri, 15 Dec 2017 19:05:53 GMT

Amazon becomes top online retailer in Mexico

According to report published by the Euromonitor International, Amazon.com is likely to become the biggest online retailer in Mexico by generating $502.2M sales this year.

Fri, 15 Dec 2017 18:14:47 GMT

Guterres asks to strengthen communication with North Korea

On Friday, the UN Secretary-General Antonio Guterres urged members of the Security Council to reinforce communication channels with North Korean officials in order to avoid further escalation of conflict.

Fri, 15 Dec 2017 18:06:34 GMT

Marco Rubio to support tax bill

According to the CNBC source, the US Republican Senator Marco Rubio will back a compromise variant of tax reform that was negotiated yesterday by the House and Senate.

Fri, 15 Dec 2017 16:52:03 GMT

Amazon to pay 100M euros to settle Italian tax dispute

Italy's inland revenue service reported on Friday that it had reached an agreement with Amazon to settle outstanding tax claims spanning 2011 to 2015. 

Fri, 15 Dec 2017 16:51:54 GMT

Turkey wants to annul Trump decision on Jerusalem at UN

The Turkish President Tayyip Erdogan reported on Friday, that Turkey was taking an initiative at the UN in order to annul a decision by the US to recognize Jerusalem as the capital of  Israel.

Fri, 15 Dec 2017 16:23:34 GMT

Ryanair wants to recognize unions to avert strikes

Ryanair reported on Friday that it had offered to recognize pilot unions in order to avert its first ever pilot strike.

Fri, 15 Dec 2017 16:04:43 GMT

Harvard outsources real estate investment to Bain Capital

Harvard University reported that its endowment would shift the real estate investment staff on February 1 into the private equity firm Bain Capital, with the idea to found a new property business.

Fri, 15 Dec 2017 15:31:56 GMT

US seeks Russia's help to halt North Korean missile programme

On Friday, the US leader Donald Trump stated that Washington sought to receive Russia's help to convince Pyongyang to abandon its nuclear and missile programme.

Fri, 15 Dec 2017 15:27:27 GMT

Odebrecht's board chairman to step down in 2018

According to Brazilian local newspaper, the scandalous conglomerate Odebrecht SA's board chairman Emilio Odebrecht is eager to step down in the next year's first half.

Fri, 15 Dec 2017 14:27:15 GMT

Lebanon's Mashnouk signs decree for May election

The Lebanese Interior Minister Nohad Mashnouk signed a law to hold the long-awaited 2018 Parliamentary election on Sunday, May 6, his office stated on Friday.

Fri, 15 Dec 2017 14:20:25 GMT

British Prince Harry and his fiancée set wedding date

Britain's Prince Harry and Meghan Markle, his American fiancée, are planning to marry on May 19, according to Kensington Palace statement on Friday.

Fri, 15 Dec 2017 13:34:01 GMT

Georgia forecasts GDP to rise next year

Georgia's Parliament passed the 2018 budget on Friday, expecting its gross domestic product to surge 4.5%, driven by the private sector development and higher exports.

Fri, 15 Dec 2017 13:28:17 GMT

CSX shares drop as CEO takes medical leave

Shares in CSX plunged 10.3% to $51.42 in Friday's premarket trade, following the announcement about its CEO Hunter Harrison's medical leave due to unexpected illness complications.

Fri, 15 Dec 2017 12:34:16 GMT

Seven ISIS members detained in Russia

On Friday, the Russian FSB security service detained seven members of the Islamic State, saying that a militant group had been planning terror attacks in St. Petersburg's public places.

Fri, 15 Dec 2017 12:28:23 GMT

Luxembourg seeks to recover tax from Amazon

Luxembourg is eager to challenge the European Union order, as it seeks to recover around $295M in back taxes from the US retail giant Amazon, expressing its disagreement over Amazon's special treatment.

Fri, 15 Dec 2017 11:49:53 GMT

India lifts import tax on electronic products

India has raised the import tax on the electronic devices such as cellphones and TV sets from 10% to 15%, in an effort to curb overseas' supplies and boost the domestic industry.

Fri, 15 Dec 2017 11:49:42 GMT

Russian ex-Minister Ulyukayev found guilty of taking bribe

On Friday, Russia's Court found the former Minister of Economy Alexei Ulyukayev guilty of accepting a bribe from the Rosneft CEO Igor Sechin.

Fri, 15 Dec 2017 10:27:41 GMT

Ryanair to recognise pilot unions to stop strike

Ryanair was planning to recognise pilot unions in a bid to halt the first strike in the company's history, saying it would bring a radical change to the Irish airline's structure.

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