News

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Thu, 11 Jul 2019 17:17:19 GMT

Greek unemployment declines

The unemployment rate in Greece declined below 18% in April, a record low since June 2011, the national Hellenic Statistical Authority reports.

Thu, 11 Jul 2019 15:55:34 GMT

France's Senate approves tax on big tech companies

On Thursday, the French Senate approved taxes on big technology firms, as the US President Donald Trump ordered an investigation into the tax plan.

Thu, 11 Jul 2019 15:09:03 GMT

Cargill Inc Q4 profit slumps 41% on trade tensions

On Thursday, Cargill Inc reported a 41% decline in adjusted operating profit in the fourth quarter, ended May 31, citing the trade tensions between the United States and China and flooding across the US farm.

Thu, 11 Jul 2019 14:00:59 GMT

China's Q2 GDP growth likely slows to 6.2%

China's economic growth in the Q2 likely slowed to 6.2%, the weakest pace in almost 27 years due to weakening demand abroad and at home caused by the toughen trade war with Washington.

Thu, 11 Jul 2019 13:13:28 GMT

Hitachi launches $5.6B worth chemical unit's sale process

Japan's Hitachi has launched the formal sale process of its chemical unit worth $5.6B, with the first bids due by August 9, a deal that should attract interest from various global private-equity companies.

Thu, 11 Jul 2019 12:17:06 GMT

US opens inquiry into Deutsche Bank's dealings with 1MDB

The US Department of Justice has launched an inquiry to figure out whether Deutsche Bank had violated the anti-money-laundering or foreign corruption laws in its dealing for Malaysia's 1MDB, according to the Wall Street Journal.

Thu, 11 Jul 2019 10:52:18 GMT

Washington to investigate France's plan to tax tech firms

On Wednesday, the US President Donald Trump order to launch an investigation into the French plan to tax technology companies, an inquiry that could cause new tariffs from the part of the United States.

Thu, 11 Jul 2019 09:58:58 GMT

Bank of England comments on Brexit

On Thursday, the Bank of England announced that British banks have enough capital and can deal with a no-deal Brexit and the US-China trade war.

Thu, 11 Jul 2019 09:13:28 GMT

Swiss Re suspends $4.0B worth ReAssure IPO

Swiss Re, the reinsurance group, has put off its plans for a $4.1B worth initial public offering of ReAssure, the British life insurer, which was set for trading in London starting from Thursday, citing a slowing demand from its institutional investors.

Thu, 11 Jul 2019 08:36:40 GMT

McAfee plans going public again

McAfee, the cybersecurity software firm, is considering its return to public markets with a potential initial public offering that could raise at least $1.0B, valuing the company at over $5.0B, according to the Wall Street Journal.

Thu, 11 Jul 2019 06:48:10 GMT

LG Chem explores another EV battery plant construction

LG Chem, South Korea's electric vehicle battery maker, is considering to build the second US battery plant, seeking to add more capacity and meet the rising global demand for electric cars.

Thu, 11 Jul 2019 06:37:16 GMT

Reckitt Benckiser set to pay around $1.4B to halt Indivior probe

Britain's Reckitt Benckiser is set to pay up to $1.4B to resolve the US federal inquiries into the company related to Suboxone Film's sales and marketing launched by Indivior, its ex-prescription pharmaceuticals business.

Thu, 11 Jul 2019 05:18:51 GMT

US to probe France's plan to tax tech firms

The US President Donald Trump ordered an investigation into French planned taxes on technology firms, a probe that could result into the United States imposing trade restrictions or new tariffs.

Thu, 11 Jul 2019 02:38:48 GMT

Nintendo shares up on new Switch Lite launch

Shares in Japan's Nintendo grew more than 4% over Thursday, following the company's report that it is likely to launch Switch Lite soon, a cheaper version of highly popular Switch games.

Wed, 10 Jul 2019 22:59:39 GMT

BMW reports record sales

The BMW Group has reported record sales of 241,000 vehicles in June, a 0.7% increase compared to the same period the prior year, the German car producer reports.

Wed, 10 Jul 2019 19:05:34 GMT

Cuba, Vietnam to expand cooperation

Cuba and Vietnam have agreed to strengthen ties between the two countries during a visit of the Vietnamese Vice President Dang Thi Ngoc Thinh to the Caribbean island.

Wed, 10 Jul 2019 18:01:13 GMT

Russia reports budget surplus

The Russian federal budget recorded a surplus of $24.6B, or 3.1% of the GDP, in the first six months of 2019, the Russian Finance Ministry reports.

Wed, 10 Jul 2019 17:17:55 GMT

Powell: trade tensions impact US economy

Concerns about the global economic growth and trade tensions weight on the US economic outlook and activity, the US Federal Reserve Chairman Jerome Powell says.

Wed, 10 Jul 2019 16:08:52 GMT

S&P 500 breaches 3000 points mark

On Wednesday, S&P 500 hit the 3000 points mark after the US Federal Reserve's Chairman Jerome Powell comment lifted rate cut hopes.

Wed, 10 Jul 2019 14:58:41 GMT

Former British PM Major vows to protect Queen

On Wednesday, the ex-UK Prime Minister John Major promised to go to court in a bid to stop Boris Johnson from suspending the British Parliament and pulling the queen into a constitutional crisis.

Wed, 10 Jul 2019 14:22:39 GMT

HitecVision, Petrogas to acquire Total's UK oilfields

HitecVision, the private equity firm, and Oman's oil group Petrogas tied up to acquire a portfolio of the UK North Sea oilfields from Total in a deal valued at $635M, the companies announced on Wednesday.

Wed, 10 Jul 2019 13:05:50 GMT

IBM signs $34B deal to acquire Red Hat

International Business Machines has signed on Tuesday a $34B worth acquisition of the software firm Red Hat, as the company seeks to boost the cloud computing business.

Wed, 10 Jul 2019 11:51:59 GMT

Toyota establishes chip JV with Denso

Toyota Motor is set to establish a chip joint venture with the car-parts maker Denso, seeking to develop automotive semiconductors due to the industry moving towards self-driving and connected vehicles.

Wed, 10 Jul 2019 10:10:16 GMT

Auditors reviews EU 2018 bank stress test

On Tuesday, the European Court of Auditors revealed that none of the 48 bank stress tests of the European Banking Authority were performed in an appropriate manner.

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