News

Note: This section contains information in English only.
Fri, 04 May 2018 13:59:51 GMT

Banks lag in the European share rebound

On Friday, European bank stocks were the ones slowing down the rebound of European stock indexes.

Fri, 04 May 2018 13:15:53 GMT

Elliot secures Telecom Italia's board

The activist fund Elliot has managed to secure two thirds of Telecom Italia's board members. This achievement was gained during the Friday's shareholder vote.

Fri, 04 May 2018 13:09:39 GMT

Musk defends his treatment of analysts

The Chief Executive Office of Tesla on Friday announced that the cut off analysts were searching for a justification to short the company's stock, and that is why they were cut off.

Fri, 04 May 2018 13:03:42 GMT

Theresa May gets good results in London election

The Prime Minister of the United Kingdom on Friday avoided a complete wipe-out of her party in the London's local election.

Fri, 04 May 2018 11:53:02 GMT

Alibaba profits surge in first quarter

The Chinese conglomerate's Alibaba earnings have grown by sixty one percent in the last quarter. This announcement caused a four percent surge of the company's stock price pre-market.

Fri, 04 May 2018 11:41:28 GMT

US Treasury will push for higher global interest rates

The representatives of the United States are planning to argue for higher global lending rates at the Asian Development Bank's meeting planned for this weekend.

Fri, 04 May 2018 11:09:00 GMT

Egypt considers sending troops to Syria

According to the Al-Ahram newspaper, the government of Egypt is considering possibility of sending Arab troops to Syria whose task would be to replace the US contingent.

Fri, 04 May 2018 11:03:53 GMT

Saudi Arabia to spend $13.33B on lifestyle

According to initiative proposed by Crown Prince Mohammed bin Salman, Saudi Arabia will spend $13.33B in next three years on various educational, sports, health and entertainment projects.

Fri, 04 May 2018 10:06:54 GMT

China and US find compromise on certain trade issues

According to the Xinhua news agency, China and the United States managed to reach agreement on some issues, such as trade in telecommunication sector, but discrepancy over other problems still remains "relatively big".

Fri, 04 May 2018 10:06:48 GMT

JPMorgan announces its head of AI research

Manuela Veloso, the head of machine learning department at Carnegie Mellon University, was selected on Friday to manage JPMorgan Chase & Co artificial intelligence research.

Fri, 04 May 2018 09:30:15 GMT

VW's former CEO faces charges in US

The US Justice Department filed criminal charges on Friday against former CEO of Volkswagen Martin Winterkorn, incriminating him conspiracy over diesel emissions cheating.

Fri, 04 May 2018 09:26:29 GMT

Turkey's CHP nominates Ince to challenge Erdogan

The main Turkish opposition Republican People's Party (CHP) nominated on Friday 53-year-old former teacher Muharrem Ince to compete with Tayyip Erdogan for the post of country's president.

Fri, 04 May 2018 05:14:27 GMT

Pentagon to consider reduction of US presence in South Korea

According to the New York Times, the US President Donald Trump asked Pentagon to consider the possibility of reduction of the US military presence in South Korea.

Fri, 04 May 2018 05:11:12 GMT

UK Conservatives retain control in London

The UK Prime Minister Theresa May's Conservative Party managed to retain control in one of the London's districts in local authority elections, thus refuting rumours about strengthening of the position of Labour Party.

Fri, 04 May 2018 04:21:04 GMT

Berkshire Hathaway acquires 75M Apple shares in Q1

The CEO of Berkshire Hathaway Warren Buffett said in an interview to CNBC that the fund has additionally acquired nearly 75M of Apple shares in first quarter and noted that Apple is rather consumer then technology company.

Fri, 04 May 2018 04:15:41 GMT

China to widen its futures market

The China Security Regulatory Commission stated on Friday it will increase the number of futures contracts available to non-local investors, such as crude oil or iron ore contracts.

Fri, 04 May 2018 02:39:23 GMT

RBA sees stronger expansion, slow inflation

The Reserve Bank of Australia saw stronger economic expansion this year and in 2019, but doubted that inflation would reach the target until 2020.

Fri, 04 May 2018 02:34:48 GMT

China's service sector expands in April on new business growth

Growth in the Chinese service sector strengthened in April, as employment and new business grew at their fastest pace, a private survey indicated.

Thu, 03 May 2018 19:52:05 GMT

Conservatives urge Germany to increase defence spending

The party of the German Chancellor Angel Merkel on Thursday called for an increase of defence spending to the 1.5% mark of GDP.

Thu, 03 May 2018 19:51:39 GMT

Stocks fall during Thursday's US trading session

The global stock indexes declined on Thursday due to the markets once more taking into account that the Fed is still planning to introduce additional rate hikes during 2018.

Thu, 03 May 2018 18:54:56 GMT

Apple services unit faces new challenges

The recently revealed quarterly report of Apple has revealed that the company is set to face margin competitiveness challenges in its services segment.

Thu, 03 May 2018 18:54:47 GMT

New VW CEO promises changes in the company

The new chief executive of Volkswagen on Thursday announced that the car maker will become more honest, as it recovers from 2015 diesel scandal.

Thu, 03 May 2018 18:03:43 GMT

Venezuela arrests top banking executives

Venezuelan authorities on Thursday arrested eleven top executives of the Banesco bank. The executives have been charged with hurting the country's currency.

Thu, 03 May 2018 18:03:32 GMT

European companies express relief caused by Euro's decline

The recovery of the US Dollar, which has lasted since the middle of April, has increased European corporate first quarter profits.

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