News

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Thu, 03 May 2018 14:32:02 GMT

Solenis, BASF agree to combine paper and water chemicals units

On Thursday, BASF stated it had agreed with Solenis to tie-up their paper and water chemicals business units with 49% to be owned by BASF.

Thu, 03 May 2018 14:26:20 GMT

China's Xiaomi seeks $10B IPO in Hong Kong

The Chinese connected device and smartphone maker Xiaomi has picked Hong Kong to launch its initial public offering, seeking to raise around $10B in the biggest listing globally in nearly four years.

Thu, 03 May 2018 13:36:49 GMT

US initial jobless claims rise modestly 2K last week

The number of applications for US unemployment benefits climbed 2K to 211K in the week ending April 28, while analysts anticipated a surge to 225K.

Thu, 03 May 2018 13:34:18 GMT

Anheuser-Busch reserves about 800 hydrogen-fuelled semi-trucks

On Thursday, Anheuser-Busch, the Budweiser beer maker, stated it had ordered 800 hydrogen-fuelled big rigs from Nikola Motor Company, amid company's plan to convert the fleet to renewable powered semi-trucks by 2025.

Thu, 03 May 2018 12:34:32 GMT

Bombardier agrees to sell Toronto aircraft assembly site

Canada's train and plane maker Bombardier is selling its Toronto plane assembly site to pension fund in its efforts to attract additional cash under the five-year recovery plan.

Thu, 03 May 2018 12:31:04 GMT

American Airlines, Embraer clinch $705M aircraft deal

Embraer is set to deliver 15 E175 planes to American Airlines in a deal valued at $705M, the Brazilian planemaker stated on Thursday.

Thu, 03 May 2018 10:34:14 GMT

Oil surges on Thursday

Crude oil priced increased on Thursday, ignoring the increasing US crude oil reserves. The main reason for the surge was the focus being shifted on OPEC cuts.

Thu, 03 May 2018 10:33:05 GMT

BioLogic shares slide downwards

The share price of Samsung's BioLogic declined on Thursday by 3.5%. The reason was the continuation of the fallout that was caused by regulatory issues.

Thu, 03 May 2018 09:01:20 GMT

Volkswagen ponders spin-offs of non-fundamental assets

Volkswagen is weighting spin-offs of non-fundamental assets such as transmissions maker Renk and motorcycle maker Ducati, as the company looks for ways to boost its efficiency.

Thu, 03 May 2018 09:01:16 GMT

Asian stocks step up in April, following two straight retreats

Asian stocks stepped up in April, following declines in the two prior months, facilitated by receding pressure in the Korean demi-island and solid earnings performance for regional equities.

Thu, 03 May 2018 08:28:36 GMT

US trade delegation lands in Beijing for discussions

US trade team landed in China for discussions on tariffs on Thursday, with China media saying that the state will not allow US bullying, but better to negotiate things out.

Thu, 03 May 2018 08:06:58 GMT

Concentration on human rights lessens as North Korea deal proceeds

Human rights record was missing during the summit between the two leaders of North and South Korea, and the issue seems to have vanished from US President Donald Trump's public agenda.

Thu, 03 May 2018 07:27:05 GMT

Oil prices drop on record high US crude inventories

Oil dropped on Thursday, caused by enormous amount of US crude inventories, reaching weekly US production record that disrupted efforts by OPEC to cut supplies.

Thu, 03 May 2018 07:17:16 GMT

France's Macron visits New Caledonia to solve independence issue

On Thursday, French President Emmanuel Macron came to the New Caledonia to increase effort by those citizens wishing a referendum will lead to a rejection of the freedom. 

Thu, 03 May 2018 06:12:07 GMT

Australia's trade balance beats expectations in March

Australia's trade surplus reached a ten-month peak of 1.53B in March due to strong exports, the Australian Bureau of Statistics reported on Thursday.

Thu, 03 May 2018 06:06:23 GMT

China will open iron ore futures to foreign investors

The Dalian Commodity Exchange in China is set to open the trade of iron ore futures to foreign investors on Friday in order to make the given market more liquid.

Thu, 03 May 2018 05:23:52 GMT

Gold demand weakest in decade

Gold demand weakest in decade Gold demand marked its weakest start to the year in a ten-year period, as prices stagnated and rate hike risks led investors to look for better returns elsewhere.

Thu, 03 May 2018 05:19:15 GMT

GM to make 3D-printed lightweight car parts

General Motors states that it was cooperating with design software firm Autodesk to manufacture new 3D-printed car parts, aiming to start alternative-fuel vehicle production.

Thu, 03 May 2018 04:14:00 GMT

Fitbit sees weak sales to hit revenue in Q2

Fitbit announced forecast for the second-quarter revenue to be below Wall Street estimate amid expectations for a lingering sales decline in fitness tracking devices.

Thu, 03 May 2018 04:13:39 GMT

Amazon to open fulfilment centre in Australia

Amazon.com stated that the company is set to open a new fulfilment centre in Australia's Sydney in this year's second half.

Thu, 03 May 2018 03:07:57 GMT

Jaguar hires new production chief to prepare plants for electric cars

The UK largest car producer Jaguar Land Rover was replacing the company's director for manufacturing, getting its plants ready for electric vehicles.

Thu, 03 May 2018 03:05:57 GMT

Australian biggest bank to reveal loss of 20M accounts

The Commonwealth Bank of Australia was forced to reveal that it lost nearly 20M accounts' records and decided to leave customers not informed.

Wed, 02 May 2018 19:54:54 GMT

Teva Pharmaceutical Industries not to sell SLE logistics business

The Israeli Teva Pharmaceutical Industries Ltd has decided not to sell the SLE distribution and logistics unit after conducting a detailed examination of its activities.

Wed, 02 May 2018 19:54:31 GMT

IMF releases ‘declaration of censure' against Venezuela

The International Monetary Fund issued on Wednesday a ‘declaration of censure' against Venezuela in response to its failure to provide adequate economic data.

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