News

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Mon, 16 Sep 2019 18:29:58 GMT

Canada's home sales up 1.4%

Homes sales in Canada grew 1.4% month-on-month in August, the sixth month of increased activity in succession, the country's Real Estate Association stated.

Mon, 16 Sep 2019 16:42:00 GMT

European Commission comments on Brexit

Despite a meeting between the head of the EU Jean-Claude Juncker and the PM of UK Boris Johnson, the European Commission announced on Monday that no solution has been proposed to the Irish backstop.

Mon, 16 Sep 2019 15:40:55 GMT

Germany proposes EU budget limit

German officials announced on Monday that they intend to propose to set the EU budget at one percent of the continental economy.

Mon, 16 Sep 2019 14:41:45 GMT

Oil prices ease

On Monday, crude oil prices declined after a 19% jump, as US President Donald Trump announced that emergency supplies would make up shortfalls.

Mon, 16 Sep 2019 14:37:57 GMT

France's Canal+ partners with Netflix

On Monday, Vivendi's Canal+ announced it had agreed to add Netflix-owned shows to its French and others television bundles, seeking to retain subscribers, adding the Netflix hit-show "Stranger Things" would be available in France from October 15.

Mon, 16 Sep 2019 13:38:14 GMT

Vivint Smart Home plans merger with SoftBank's unit

Vivint Smart Home, the Blackstone-backed home automation firm, agreed on Monday to a merger deal with the SoftBank Corp's unit to establish a company with a $5.6B enterprise value.

Mon, 16 Sep 2019 12:07:31 GMT

Senvion plans asset sale to Siemens Gamesa

On Monday, Germany's insolvent wind turbine producer Senvion announced it had agreed to conduct exclusive negotiations with Siemens Gamesa about the sale of its business substantial part.

Mon, 16 Sep 2019 11:07:31 GMT

Germany seeks to limit next EU budget for 2021-27

Germany, the European Union's biggest economy, is seeking to limit the next 2021-27 budget of the EU bloc at 1% of its economic output, which is below the 1.11% offered by the European Commission.

Mon, 16 Sep 2019 09:49:29 GMT

Oil surges on Houthi attack

On Monday, crude oil price benchmarks surged the most since 1991, as a Yemeni attack on Saudi Arabia shut down five percent of the global oil output.

Mon, 16 Sep 2019 07:53:24 GMT

Osram advises shareholders to accept AMS $4.8B offer

On Monday, Germany's lighting group Osram advised investors to accept the $4.8B takeover offer made by AMS and launch their shares sale to Austria's sensor specialist, claiming the bid was economically attractive.

Mon, 16 Sep 2019 07:16:31 GMT

British employers trim growth forecasts amid global slowdown

On Monday, the British Commerce Chambers trimmed the economic growth forecasts for the current and the following years, blaming Brexit deal, US-China trade war and a global slowdown in the economy.

Mon, 16 Sep 2019 06:31:57 GMT

Purdue Pharma files for Chapter 11 protection

Purdue Pharma, the maker of OxyContin, filed for the Chapter 11 bankruptcy protection late on Sunday, reaching a tentative deal to resolve its lawsuits with 24 states and five US territories, the company said.

Mon, 16 Sep 2019 04:43:19 GMT

Virgin Australia to buy back rest of its frequent flyer programme

On Monday, Virgin Australia Holdings announced it had entered the contract to buy back its 35% in the frequent flyer programme, called Velocity, from the private-equity firm Affinity Equity Partners in a deal worth A$700M.

Mon, 16 Sep 2019 04:36:13 GMT

Blackstone funds tp acquire Dream Global REIT

On Monday, Dream Global REIT announced it would be acquired by the Blackstone Group funds in a deal that valued the Canadian firm at C$6.2B.

Mon, 16 Sep 2019 03:31:33 GMT

Israeli current account jumps makedly in Q2

Current account surplus of Israel jumped to $4.21B in the 2019 second quarter, up 106% year-over-year, the report on balance of payments showed.

Sun, 15 Sep 2019 20:00:36 GMT

Iran-US trade declines

Trade between the US and Iran declined 70% in the first seven months of 2019, compared to the same period the prior year, the Iranian Financial Tribune reports.

Sun, 15 Sep 2019 19:03:10 GMT

Iraq signs $1.3B deal with Germany, Egypt

The Iraqi Ministry of Electricity signed a $1.3B agreement with the Egyptian Orascom the German Siemens and to renovate power plants in the central province of Salahudin.

Sun, 15 Sep 2019 16:59:05 GMT

Tunisians set to vote for new president

Tunisians went to the poll on Sunday to vote in the country's presidential election. Polling stations opened at 0700 GMT from the capital Tunis.

Sun, 15 Sep 2019 15:59:28 GMT

Ukraine government asks parliament to adopt 2020 budget

Oksana Markarova, the Ukrainian Finance Minister, said on Sunday that the government asked Ukraine's Parliament to adopt the 2020 budget deficit at 2.09%.

Sun, 15 Sep 2019 15:02:10 GMT

Iran distances itself from attacks on Saudi oil facilities

On Sunday, Iran has denied an accusation made by the US that Tehran was behind the attacks on Aramco oil plants in Saudi Arabia.

Sun, 15 Sep 2019 14:01:31 GMT

Saudi stocks decline after attacks on Aramco oil field

On Sunday, Saudi Arabia stocks fell sharply after drone attacks on the Saudi oil plants. The attacks will cut the kingdom's production by 5.7 million barrels per day

Sun, 15 Sep 2019 12:42:00 GMT

Barclay sees Britain making progress on Brexit deal

On Sunday, Stephen Barclay, the Brexit Minister, stated that Britain was making progress on the Brexit deal, but there was still significant work to be done, adding he had a scheduled meeting with the EU negotiator Michel Barnier on Monday.

Sun, 15 Sep 2019 12:01:13 GMT

UAW has no plans to prolong GM contract

The United Auto Workers is not set to prolong its accord with General Motors, it stated late on Saturday, which expired the next day, but added they will continue working until the senior union officials meeting.

Sun, 15 Sep 2019 11:19:59 GMT

Facebook's Libra faces inquiry amid EU concerns

Global regulators are set to question the social media giant Facebook on Monday over its Libra digital currency due to the European Union concerns over a potential threat the cryptocurrency poses to the financial stability.

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