News

Note: This section contains information in English only.
Fri, 19 Oct 2018 15:18:55 GMT

Airbus executive to skip Saudi Business Initiative Summit

On Friday, Airbus said that its defence chief Dirk Hoke has cancelled his plans to attend the next week's Investment conference in Saudi Arabia, following the disappearance of journalist Jamal Khashoggi.

Fri, 19 Oct 2018 15:16:41 GMT

Deutsche Bank's CEO Sewing pulls out from Saudi conference

On Friday, Deutsche Bank's CEO Christian Sewing said he will not attend the Saudi Arabia Investment conference amid concern about the whereabouts of journalist Jamal Khashoggi.

Fri, 19 Oct 2018 14:29:50 GMT

Dutch billionaire Boekhoorn to buy Lion Capital's HEMA

Lion Capital is selling its Dutch retailer chain HEMA for an undisclosed amount to the investment company Ramphastos Investments led by the Dutch billionaire Marcel Boekhoorn.

Fri, 19 Oct 2018 13:57:11 GMT

Bouygues shares drop on company's profit warning

On Friday, Bouygues' shares plunged as much as 6.8% after the French company had reduced its annual operating profit estimates due to some difficulties at the construction businesses in the Q3.

Fri, 19 Oct 2018 13:37:22 GMT

Coca-Cola appoints veteran Smith as COO

On Thursday, Coca-Cola named Brian Smith, the company veteran, as Chief Operating Officer, after the ex-COO James Quincey gained the role of the CEO last year.

Fri, 19 Oct 2018 12:35:36 GMT

Micron to acquire Intel's stake in IM Flash Tech JV

On Thursday, Micron technology announced about a planned acquisition of Intel's stake in the joint venture IM Flash Technologies, in a deal that includes $1.5B payment in cash.

Fri, 19 Oct 2018 12:13:03 GMT

Italian fashion house Armani to stay independent

Giorgio Armani, Italy's fashion house, decided to remain independent, despite being approached by some suitorы, the company's owner announced on Friday.

Fri, 19 Oct 2018 10:14:21 GMT

UK lawmakers bring forward petrol and diesel car ban

On Friday, a parliamentary committee in the UK announced that the country should ban the sale of new diesel and petrol cars and vans in 2032 instead of the previously planned 2040.

Fri, 19 Oct 2018 10:13:50 GMT

Ford CEO gathers car dealers

The Chief Executive of Ford Motor Company Jim Hackett has gathered car dealers in Las Vegas to restore their confidence in the company.

Fri, 19 Oct 2018 09:07:46 GMT

Singapore's PM: trade deal between Singapore and post-Brexit UK is possible

On Friday, the Prime Minister of Singapore Lee Hsien Loong claimed that a new trade agreement between Singapore and post-Brexit UK is possible, adding that Singapore would like to extend Asian countries' trade deal with the EU to the UK.

Fri, 19 Oct 2018 08:55:32 GMT

ZF acquires 35% stake in AV software company ASAP

On Friday, German manufacturer of car parts ZF Friedrichshafen claimed that it has acquired 35% of shares in ASAP, a Germany-based company testing systems and developing software for autonomous and electric vehicles.

Fri, 19 Oct 2018 08:17:05 GMT

EU's Barnier: Brexit deal is 90% finished

On Friday, chief EU Brexit negotiator Michel Barnier claimed that an agreement between the EU and the UK is 90% finished, however, there is a chance that a deal could be postponed because of the disagreements regarding Irish border.

Fri, 19 Oct 2018 08:12:36 GMT

Germany's Merkel: Asia and Europe are open to free trade

On Friday, German Chancellor Angela Merkel claimed Asia-Europe summit confirms that both Asia and Europe support the multilateralism and the idea of a free trade. 

Fri, 19 Oct 2018 07:24:00 GMT

Oil prices recover amid reports on China's demand

Crude oil prices increased by 26 cents or 0.4%, thus reaching $68.91 a barrel, amid reports about rising demand in China whose oil refinery throughput surged to a record 12.49M bpd in September.

Fri, 19 Oct 2018 07:18:08 GMT

Kuroda once again warns against protectionism

On Friday, the Bank of Japan Governor Haruhiko Kuroda once again reminded of the risks of protectionism and unstable financial markets, yet projected continuation of the country's steady economic growth.

Fri, 19 Oct 2018 06:25:10 GMT

Argentina's Macri rating drops

According to poll conducted by Management & Fit, 60% of Argentines expect worsening of economic conditions, as the country's President Mauricio Macri tries to propel the IMF austerity program.

Fri, 19 Oct 2018 06:19:32 GMT

China says soybean price fluctuations are unlikely

The China's Agriculture Ministry official Tang Ke stated on Friday that because of government subsidies the country's soybean acreage has increased, thus leading to ample domestic supplies and, as a result, price stabilization.

Fri, 19 Oct 2018 05:34:35 GMT

China regrets about US withdrawal from UN UPU

The Foreign Ministry Spokesman Lu Kang stated on Friday that China did not support withdrawal of the United States from the United Nations Universal Postal Union (UPU) treaty.

Fri, 19 Oct 2018 05:29:01 GMT

China to permit direct investments of bank wealth-management funds into shares

The China Banking and Insurance Regulatory Commission stated on Friday it would allow to transfer bank wealth-management funds directly into stocks.

Fri, 19 Oct 2018 04:29:33 GMT

China coal mining sets new record

According to government data, Chinese coal production increased by 3.2% or 9.41M tonnes in September, thus reaching its highest level in nine months.

Fri, 19 Oct 2018 04:24:05 GMT

Koreans to order more Boeing jets

The President of Korean Air Lines Walter Cho stated on Friday that the company most probably would acquire more Boeing 787 jets in order to upgrade its fleet and in this way in long term to reduce costs.

Thu, 18 Oct 2018 20:16:40 GMT

Goldman Sachs: executives not to attend conference in Saudis

Goldman Sachs Group is set not to send any of the company's executives to a Saudi investment conference in the following week, David Solomon, the Chief Executive Officer, stated.

Thu, 18 Oct 2018 20:13:33 GMT

EU, Norway ask WTO to set up panel over US aluminium, steel tariffs

The European Union, Norway and several other countries asked the WTO to assign a dispute settlement panel to address the US tariffs on aluminium and steel.

Thu, 18 Oct 2018 19:34:26 GMT

Porsche set to repeat record car sales in 2018

Oliver Blume, the CEO of Volkswagen's Porsche brand, stated that it does not need a listing to finance expansion, adding that he is confident the 911 sports car maker is likely to repeat 2017 record sales this year.

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