News

Note: This section contains information in English only.
Wed, 04 Jul 2018 06:57:06 GMT

Brookstone weighing restructuring options, including bankruptcy

Brookstone, the gift and gadget chain is considering some restructuring options, including a US bankruptcy amid plunging sales due to a downturn at retailers across the US.

Wed, 04 Jul 2018 06:56:40 GMT

CSC ServiceWorks considering sale: sources

The US laundry machine vendor CSC ServiceWorks is considering a sale, which could bring the value of the private equity-owned firm in excess of $3.0B, including debt, sources reported.

Wed, 04 Jul 2018 05:33:37 GMT

PSA Group looks at selling pat of Opel's R&D arm

PSA Group is seeking a partial sale of its Opel affiliate's research and development unit, in the carmaker's efforts to restore profitability in the loss-making arm, Le Monde reported.

Wed, 04 Jul 2018 05:26:48 GMT

Varde considers options for its Spanish bank WiZink, including IPO

Varde Partners is weighing the options for WiZink, its Spanish online bank, including the IPO next year, three sources familiar with the issue reported.

Wed, 04 Jul 2018 04:39:33 GMT

BP, Conoco announce swap deal of Alaska, North Sea assets

On Tuesday, BP and ConocoPhillips agreed to swap their assets with the UK oil giant to raise its stake in North Sea development and the US peer to grow in Alaska.

Wed, 04 Jul 2018 03:31:15 GMT

British shop prices slide less sharply in June after May fall

Britain's shop prices declined less in June than in May, though shoppers could take some solace from that inflation of food prices did not accelerate, a survey revealed on Wednesday.

Wed, 04 Jul 2018 03:22:56 GMT

Uber in negotiations with Careem to merge in Mideast

Uber Technologies was in talks with its rival Careem to combine ride-hailing services in the Middle East, Bloomberg reported, citing sources familiar with the matter.

Wed, 04 Jul 2018 02:35:36 GMT

Pinera to meet CEOs of Alphabet, Amazon next week

Chile's President Sebastian Pinera stated that he intends to meet with the CEOs of Alphabet and Amazon.com next week to enlist their support for helping the country to make technological progress.

Wed, 04 Jul 2018 02:32:19 GMT

Samsung's Q2 profit flags as smartphone innovation runs out

Samsung Electronics is expected to report the smallest growth in profit in more than a year in the Q2r, as lacklustre premium Galaxy smartphones sales overshadow highly profitable chip business.

Tue, 03 Jul 2018 19:54:20 GMT

Major US trading partners object new car tariffs at WTO

On Tuesday, the major trading partners of the US including China, Japan and EU expressed their concern at the World Trade Organisation about US tariff measures against imported parts and cars.

Tue, 03 Jul 2018 19:50:21 GMT

Pompeo to visit Mexico to meet Mexican Lopez Obrador

On Tuesday, the newly elected President of Mexico Andres Manuel Lopez Obrador claimed that the US Secretary of State Mike Pompeo is planning to visit Mexico in the nearest time.

Tue, 03 Jul 2018 19:33:57 GMT

German Nahles: coalition makes progress in refugee talks

On Tuesday, the leader of German Social Democrats Andrea Nahles claimed that German governing coalition was making a significant progress in talks regarding establishing refugee migration centres.

Tue, 03 Jul 2018 19:29:45 GMT

Major US carmakers report strong June sales

On Tuesday, top US carmakers Ford Co, General Motors Co and Fiat Chrysler Automobiles NV reported about stronger sales of cars in the US in June, especially SUVs and trucks.

Tue, 03 Jul 2018 18:36:51 GMT

Renault and PSA to offer car-sharing scheme

On Tuesday, French carmaker PSA issued a statement that it is planning to launch a car-sharing service in the French capital of Paris together with  Renault to replace car sharing service Autolib.

Tue, 03 Jul 2018 18:30:55 GMT

Tesco and Carrefour team up to squeeze suppliers

On Tuesday, a head of retail industry lobby group FoodDrinkEurope, Mella Frewen, claimed that a new strategic alliance between Tesco and Carrefour would help to expand the companies' own-label ranges.

Tue, 03 Jul 2018 17:35:38 GMT

China urges EU to sign anti-US trade pact

On Tuesday, one of the European officials claimed that China had put pressure on the EU to sign a common pact against the US President Trump's trade policy.

Tue, 03 Jul 2018 17:31:21 GMT

Fomer Intel executive leaves COO position at Google Cloud

On Tuesday, Google Cloud claimed that its Chief Operations Officer Diane Bryant, who previously was a head of Intel's data centre's unit, is leaving Alphabet Inc as Intel is looking for a new possible CEO.

Tue, 03 Jul 2018 16:20:05 GMT

LafargeHolcim acquires US concrete maker Tarrant

LafargeHolcim has acquired the US ready mix concrete producer Tarrant amid the world's largest cement maker's intention to boost growth by smaller acquisitions under the CEO Jan Jenisch, the Swiss company stated on Tuesday.

Tue, 03 Jul 2018 16:05:08 GMT

Tesla's shares plunge as it hits production milestone for Model 3 cars

Shares in Elon Musk's Tesla dropped in Monday's volatile trading after the carmaker reported it had hit its production milestone for the Model 3 vehicles, making investors to pocket some profits.

Tue, 03 Jul 2018 15:34:20 GMT

Hyundai makes investment into Israel's auto tech company Autotalks

On Tuesday, the Hyundai Motor stated it had invested an undisclosed amount of money into the Israeli auto technology firm Autotalks to boost the development of the future chipset for connected vehicles.

Tue, 03 Jul 2018 15:30:33 GMT

Facebook shares fall amid news report on widened probe

On Tuesday, Facebook's shares slipped over 1% in the premarket trade, following a news report that a federal investigation over the data breach by Cambridge Analytica had been broadened and would involve more government's agencies.

Tue, 03 Jul 2018 14:05:13 GMT

IHH Healthcare submits enhanced binding offer for Fortis Healthcare

On Tuesday, IHH Healthcare submitted a revised binding bid for Fortis Healthcare India's hospital chain, media reports stated.

Tue, 03 Jul 2018 13:52:58 GMT

Petrobras halts asset sales amid court's ruling on privatisation

Petroleo Brasileiro, the Brazilian state-run oil firm, announced on Tuesday it had to suspend its asset sales, as the Supreme Court had ruled out the necessity for the privatisation processes to be accepted by the Congress.

Tue, 03 Jul 2018 13:34:32 GMT

Economists back pay rise for NYC's Lyft, Uber drivers

On Monday, the campaign launched by the New York City's Lyft and Uber drivers over their pay rise got a boost from a study led by two economists, who had conducted for the city's Limousine Commission and Taxi.

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