News

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Thu, 24 May 2018 12:34:48 GMT

Vekselberg confirms talks renewal over Gazprom merger

On Thursday, Russia's Viktor Vekselberg confirmed he had revived the talks about merger of his power assets with the gas titan Gazprom,

Thu, 24 May 2018 11:35:23 GMT

Westfield shareholders grants approval for Unibail-Rodamco deal

Westfield's shareholders approved the $16B Unibail-Rodamco takeover deal, the Australian shopping mall titan's chairman announced on Thursday.

Thu, 24 May 2018 11:31:44 GMT

Canada bans China's takeover of Aecon amid safety grounds

Canada has blocked the $1.18B worth takeover of the construction firm Aecon Group by the China Communications Construction's unit citing national security grounds, the government reported.

Thu, 24 May 2018 10:23:38 GMT

China will decrease import tariffs

Bloomberg is reporting that Chinese authorities will cut some import tariffs for consumer goods on July 1.

Thu, 24 May 2018 10:19:53 GMT

ECB will take into account geopolitics

The European Central Bank on Thursday announced that the central bank will begin analysing geopolitical factors before judging its monetary policy.

Thu, 24 May 2018 09:36:29 GMT

Pompeo: no decision made by Trump on ZTE ban

The US State Secretary Mike Pompeo said during the congressional testimony on Wednesday that no decision had been made yet by Trump's Administration over lifting a ban on China's telecoms firm ZTE.

Thu, 24 May 2018 09:34:22 GMT

Russian bank VTB sells nearly 12% stake in Magnit

Russia's second-largest bank VTB sold an 11.82% stake in the retailer Magnit to Marathon Group in a deal valued at about $1.02B, it stated on Thursday.

Thu, 24 May 2018 08:33:02 GMT

PPB agrees to merge business with FanDuel

Paddy Power Betfair agreed on merging its US business with the fantasy sports firm FanDuel, as it seeks targeting the sports betting market in the US that should open in the next few years.

Thu, 24 May 2018 08:28:40 GMT

Vontobel to acquire Swiss private bank in $705M deal

The Swiss cooperative bank Raiffeisen has agreed to sell its private bank Notenstein La Roche to the local asset manager Vontobel in a deal worth $705M, the two banks stated on Thursday.

Thu, 24 May 2018 06:56:39 GMT

Tesla shares expected to rise despite bad news threshold

According to a research report provided by analysts, shares in Tesla are likely to soar despite a "fever pitch" of bad news that hit the electric carmaker lately, as its Model 3 sedan's output improves.

Thu, 24 May 2018 06:45:47 GMT

Facebook unlikely to compensate EU users affected by data misuse

On Wednesday, Facebook stated it is unlikely to suggest compensation for the 2.7M EU users affected by the data breach scandal, in which personal data was illegally shared with the political consultancy Cambridge Analytica.

Thu, 24 May 2018 06:33:40 GMT

US Senate panel picks June 27 to hold hearing over T-Mobile-Sprint merger

US Senate Committee's official stated that a hearing on the $26.5B merger of the US wireless carriers Sprint and T-Mobile would take place on June 27.

Thu, 24 May 2018 06:29:07 GMT

Russia to supply China with ten Su-35 fighter jets this year

According to the Interfax news agency, Russia is set to deliver ten Su-35 fighter jets to China this year, with China to buy 24 jets in total amid their deal valued at nearly $2.5B.

Thu, 24 May 2018 05:05:33 GMT

China sees good potential in relationships with Germany in AI, energy cars

The Commerce Ministry of China indicated the country's good potential in partnership with Germany in digitalisation, artificial intelligence and new energy cars sectors.

Thu, 24 May 2018 05:04:56 GMT

US launches investigation on auto imports

The Trump administration started a national security probe into truck and car imports that could cause implementation of new US tariffs, which would be painful for Asia's automakers.

Thu, 24 May 2018 03:48:18 GMT

Bank of Korea keeps rates, as inflation below target

The Bank of Korea kept the key interest rates unchanged for the sixth month in succession, as inflation growth was still below target, while trade frictions between China and the US raised fears to other economies.

Thu, 24 May 2018 03:47:23 GMT

Chinese private-scoring company starts operations

The first private-scoring firm in China started its operations in Shenzhen and is likely to be able to store and collect personal credit information and credit rate ratings and reports.

Thu, 24 May 2018 02:35:51 GMT

Indonesian Go-Jek to expand abroad

Indonesia's online payment and ride-hailing firm Go-Jek stated that it would enter Singapore, Thailand, Vietnam and the Philippines in the following months, investing $500M in its international move.

Thu, 24 May 2018 02:35:13 GMT

Amazon Web Services to make long-term investment in Chile

Amazon Web Services was looking for Chile investment in the long-term within a plan for a larger Latin American expansion, a senior executive stated after meeting with the country's President.

Wed, 23 May 2018 19:54:42 GMT

Uber suspends its self-driving car program

Uber Technologies Inc confirmed on Wednesday that it had temporarily shut down its autonomous vehicle program following the fatal crash with one of its cars two months ago.

Wed, 23 May 2018 19:52:27 GMT

Pompeo says US ready to walk away from bad deal with North Korea

The US Secretary of State Mike Pompeo explained on Wednesday that the US would not continue nuclear talks with North Korea if ‘the right deal is not on the table'.

Wed, 23 May 2018 19:20:19 GMT

EC recommends Italy to reduce heavy public debt

In its economic policy recommendations, the European Commission noted that Italy should reduce its heavy public debt in order not to cause significant risk for the Euro area.

Wed, 23 May 2018 19:18:10 GMT

Fed minutes show policymakers ready for another hike

According to the Federal Reserve meeting minutes, most policymakers support another interest rate hike in case the US economic outlook remains unchanged.

Wed, 23 May 2018 18:17:00 GMT

GE CEO: company cannot guarantee dividend in 2019

On Wednesday, Chief Executive Officer of General Electric Co John Flannery stated that a company cannot guarantee 2019 dividend because the capital and power units are still being fixed. 

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