News

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Sat, 30 Jun 2018 16:38:07 GMT

Mexicans reject presidential vote with bulldozers and blockades

The leaders representing indigenous Mexicans people have promised to disrupt voting in their communities to protest failed system.

Sat, 30 Jun 2018 15:10:57 GMT

Novartis chairman claims Alcon worth $20-$30B

The chairman of the Swiss drugmaker Novartis anticipates Alcon to be valued between $20B and $30B after the new ophthalmic devices unit is rolled out to shareholders in the following year.

Sat, 30 Jun 2018 14:48:47 GMT

Iran leaders try to find ways to protect economy against US sanctions

Iran is looking for solutions to maintain oil export at the same rate and counter the US economic sanctions, state news agency IRNA disclosed on Saturday.

Sat, 30 Jun 2018 14:35:44 GMT

Game on for Paradox in mobile and M&A

Tencent-backed Paradox interactive which is simulation and strategy games publisher expects mobile gaming and further acquisitions to help it to satisfy sky-high investor expectations.

Sat, 30 Jun 2018 14:26:02 GMT

Trump states Saudi King accepted to raise oil output up to 2M barrels

The US President Donald Trump tweeted on Saturday that Saudi Arabia's King Salman had accepted his request to boost oil output up to 2M barrels to offset output from Venezuela and Iran.

Sat, 30 Jun 2018 13:10:31 GMT

BMW states US tariffs on European cars could hit investment there

The US tariffs on imported automobiles might lead BMW to decrease investment and cut employment in the United States as a result of a lot of vehicles it exports from their South Caroline plant.

Sat, 30 Jun 2018 13:00:16 GMT

Iran currency loses 40 percent of value since last month

Iran's rial currency has lost 40 percent of its value in June, when the US President Donald Trump drawn out of 2015 nuclear agreement, saying to reimpose sanctions and curb Iranian oil exports.

Sat, 30 Jun 2018 12:37:19 GMT

US sanctions seek to shift Iranians against their own government

The US economic tension on Iran is designed to shift Iranians against their own government, Surpreme Leader Ayatoliah Ali Khamenei stated on Saturday on his website.

Sat, 30 Jun 2018 12:30:24 GMT

Iraq to manually recount election votes of May on Tuesday

Iraq will manually start to recount national election votes of May on Tuesday, a spokesperson for the Independent High Electoral Commission declared in a statement.

Sat, 30 Jun 2018 11:38:41 GMT

Norway's Opera files for listing in the United States

Norway's web browser Opera has filed for the US initial public offering on Friday, seeking to raise about $115M on the Nasdaq SE under the "OPRA" symbol.

Sat, 30 Jun 2018 11:29:52 GMT

CVC Capital to acquire controlling stake in Italy's Recordati

CVC Capital Partners' investment fund consortium is willing to acquire a 51.8% majority stake in Recordati, the Italian pharmaceutical group, in a deal valued at $3.5B.

Sat, 30 Jun 2018 10:34:00 GMT

China's factory PMI drops to 51.5 this month

China's official factory PMI fell to 51.5 in June, compared to the prior month's 51.9 reading, raising concerns over a slowdown in the second-largest economy in the world, the official data showed on Saturday.

Sat, 30 Jun 2018 10:27:27 GMT

Italy bars migrant rescue ship from docking at its posts

On Friday, the Italian government has shut out another migrant rescue ship, not letting it dock at the country's ports, in a third refusal this month, following a tough meeting of EU leaders over migration.

Sat, 30 Jun 2018 09:35:53 GMT

Qualcomm extends tender offer to acquire NXP Semiconductors

On Friday, the US chipmaker Qualcomm has extended its tender proposal for a takeover deal of NXP Semiconductors worth $44B for the almost 30th time, seeking for clearance from China's government.

Sat, 30 Jun 2018 09:31:56 GMT

Kroger, Nuro to launch test of unmanned delivery van

Kroger and Silicon Valley's start-up Nuro are set to launch a road test of its driverless delivery van scheduled for this autumn, as the biggest US supermarket provider fights with Amazon and others for its dominance in the fresh grocery delivery service.

Sat, 30 Jun 2018 08:07:04 GMT

GM says US import tariffs could require smaller company

General Motors Co notified on Friday that greater tariffs on imported automobiles under evaluation by the Trump administration might cost jobs and result in a smaller GM.

Sat, 30 Jun 2018 07:56:16 GMT

Greenlight Capital suffers fresh losses, down 7.1 percent this month

On Friday, David Einhorn who is a Billionaire investor told clients that his hedge fund Greenlight Capital experienced fresh losses this month, dropping 18.3 percent starting from January.

Sat, 30 Jun 2018 07:37:29 GMT

In farewell to US shoppers, Toys R Us induces to play on

As Toys R Us stores throughout the United States had their last day in business on 29 June, the bankrupt toy merchant posted a farewell note to people on its website saying: "Play on!"

Sat, 30 Jun 2018 07:23:12 GMT

Fed gets suggestions for more flexible approach after stress test

The results after Federal Reserve took stress test suggested a more adaptable approach, another signal that regulator is reacting positively to a Wall Street push for suitable bank supervision.

Sat, 30 Jun 2018 06:40:24 GMT

Investors hopeful that Lopez Obrador governs from the center

Mexican assets are set to improve even if leftist Lopez Obrador wins presidential election on Sunday, as the uncertainty resulting from race fades.

Sat, 30 Jun 2018 06:31:48 GMT

Missouri appeals court throws out $55M J&J talc-powder verdict

On Friday, Missouri appeals court threw out a $55M verdict against the Johnson & Johnson company in a case where woman claimed that she got an ovarian cancer after utilizing their products.

Sat, 30 Jun 2018 05:38:15 GMT

US intelligence believes North Korea makes extra nuclear bomb fuel

The US intelligence agencies believe that North Korea has boosted production of nuclear bomb fuel while seeking concessions in talks with the United States.

Sat, 30 Jun 2018 05:29:53 GMT

Canadian populist leader Doug Ford is now Ontario province premier

On Friday, Doug Ford who is the leader of populists was sworn in to be Ontario's new premier, finishing Liberal rule that lasted 15 years in the most populous province in Canada.

Sat, 30 Jun 2018 04:38:27 GMT

AndroGel partner AbbVie owe $488M in antitrust case

A US judge on Friday discovered that AbbVie Inc, which is pharmaceutical company, put in use illegal ways to prevent testosterone replacement drug called AndroGel from reaching market.

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