News

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Thu, 07 Mar 2019 19:08:13 GMT

Abu Dhabi Crown Prince meets Russian FM

The Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan met with the Russian Foreign Minister Sergey Lavrov to discuss cooperation between the two countries.

Thu, 07 Mar 2019 19:07:36 GMT

EU, Mozambique sign $240M in agreements

The European Union and Mozambique signed agreements worth $240M to support trade in the southeast African country, the Mozambican foreign minister Jose Pacheco reports.

Thu, 07 Mar 2019 18:06:50 GMT

Tunisia to establish free trade zone

Tunisia plans to establish new free trade zone in the southeastern Medenine province, the Tunisian Minister of Commerce Omar El Bahi reports.

Thu, 07 Mar 2019 18:06:08 GMT

Germany economic production stagnates

The German economic production stagnated in the fourth quarter of 2018 after declining 0.2% in the third quarter, the Halle Institute for Economic Research reports.

Thu, 07 Mar 2019 17:07:11 GMT

German economic output stagnated in Q4 last year

Germany's overall economic output stagnated in the December quarter of the last year after dropping 0.2% over the prior quarter, the IWH revealed.

Thu, 07 Mar 2019 17:05:29 GMT

UK house prices increase in February

The British average house prices grew to about $311K in February, 5.9% higher than January, according to data published by Halifax.

Thu, 07 Mar 2019 16:26:05 GMT

ECB slashes inflation, growth forecasts

The European Central Bank cut its inflation and growth forecasts for this year and lowered those for the following 2020 and 2021, acknowledging that slowdown in Europe was deeper and longer than earlier thought.

Thu, 07 Mar 2019 16:23:51 GMT

John Lewis diminishes staff bonus before Brexit

Britain's John Lewis Partnership stated that it was ready for Brexit, after reporting a 45% decline in full-year profit and cutting staff bonus to the weakest level in more than 60 years.

Thu, 07 Mar 2019 15:34:35 GMT

SoftBank launches $5.0B fund into LatAm tech firms

Japan's SoftBank Group is planning to launch a $5.0B investment fund with the aim to invest in the technology firms in Latin America, extending its tech reach in the area.

Thu, 07 Mar 2019 15:30:21 GMT

ECB to name new banking regulator vice chair

The ECB is set to appoint a person to become the EZ new senior banking regulator in the following weeks, the President Mario Draghi stated on Thursday.

Thu, 07 Mar 2019 14:38:12 GMT

EU watchdog open inquiry into Innogy, E.ON deal

On Thursday, the European antitrust regulators launched an inquiry into the German utility E.ON's takeover of Innogy on the back of the asset swap with rival RWE.

Thu, 07 Mar 2019 13:39:24 GMT

Starboard takes 4% stake in Zayo

Starboard Value, the activist hedge fund, took a 4% of the Zayo Group Holdings stake, urging the US communications infrastructure provider for a sale.

Thu, 07 Mar 2019 13:37:07 GMT

Xerox reorganises business to build holding firm

On Thursday, Xerox Corp stated it would restructure its business on the back of the printer maker's intention to create a holding company, with reorganisation seen to be implemented this year.

Thu, 07 Mar 2019 12:39:33 GMT

Dialog Semi to acquire Silicon Motion

Dialog Semiconductor stated on Thursday it would acquire a mobile communications unit owned by Silicon Motion in a cash-deal worth $45M, expanding its footprint into Internet of Things.

Thu, 07 Mar 2019 12:36:53 GMT

Aon scraps takeover plan for Willis Towers

The insurer Aon abandoned plans for its rival Willis Tower Watson takeover, following an announcement about early stage-talks about an all-stock bid for the Irish insurance brokerage.

Thu, 07 Mar 2019 10:58:12 GMT

Bank of England is expected to cut interest rates

One of the Bank of England's policy makers Silvana Tenreyro revealed on Thursday that the Bank of England most likely will cut interest rates, if a no-deal Brexit occurs.

Thu, 07 Mar 2019 10:58:02 GMT

Euro declines prior to ECB

On Thursday, as the financial markets were waiting for the ECB rate announcement and subsequent press conference, the Euro was declining in value. The decline could be explained by expectations of an easing monetary policy announcement.

Thu, 07 Mar 2019 10:27:31 GMT

Spain's Grifols ties up with Shanghai RAAS

On Thursday, Spain's blood products firm Grifols announced it had formed a strategic alliance with the Chinese group Shanghai RAAS, seeking to boost its plasma-derived products sales in China.

Thu, 07 Mar 2019 10:23:28 GMT

Apollo Global to acquire Direct ChassisLink

Apollo Global Management, the buyout firm, agreed to buy the US biggest chassis leasing and rental company, Direct ChassisLink, in a deal worth $2.5B including debt.

Thu, 07 Mar 2019 09:29:56 GMT

Hugo Boss sees robust growth in Asia, online

Hugo Boss, the German fashion house, stated on Thursday its operating profit was likely to increase faster than its sales this year, estimating a strong growth in Asia and online business.

Thu, 07 Mar 2019 09:05:06 GMT

Brexit may be postponed if MPs reject deal

The UK Finance Minister Philip Hammond stated on Thursday that Britain was likely to delay its withdrawal from the EU bloc, if MPs rejected the Prime Minister Theresa May's proposed deal in the next week's vote.

Thu, 07 Mar 2019 07:54:04 GMT

National Grid to acquire US solar energy developer

On Thursday, National Grid, the electricity & gas utility firm, said it had agreed to acquire Geronimo Energy, the US solar and wind energy developer, in a deal valued no less than at $100M.

Thu, 07 Mar 2019 07:50:38 GMT

Giant-backed healthcare JV to be called Haven

JPMorgan Chase & Co, Berkshire Hathaway and Amazon.com announced their healthcare joint venture had been given a name Haven, the company that would focus on simpler insurance benefits, better access to primary care and affordable prescription drugs necessary for their employees.

Thu, 07 Mar 2019 07:39:18 GMT

GE considers to sell stake in JV Enel

General Electric is considering to sell its 50% stake in the renewable energy JV with Italy's Enel, which would potentially help the company's CEO Lawrence Culp to pay down a debt.

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