News

Note: This section contains information in English only.
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.

Thu, 03 May 2018 16:58:44 GMT

Spanish PM vows to track former militants

As the separatist Basque group ETA announced full dismantlement, the Prime Minister of Spain has vowed to track down the former militants.

Thu, 03 May 2018 16:58:13 GMT

Slovakia demands explanations from Vietnam

The Slovak authorities have demanded Vietnam to explain reports that Vietnamese agents drafted a Slovak governmental plane to smuggle a high ranking executive.

Thu, 03 May 2018 15:56:58 GMT

Toyota builds new test track

Toyota Motor Corporation announced on Thursday that the company has been building a new self-driving car test track in Michigan.

Thu, 03 May 2018 15:56:44 GMT

Tim Horton's sues parent company

A group of Tim Horton's franchisees are suing their parent company. Restaurant Brands International is set to be sued due to increasing escalations between the company and owners of brand shops.

Thu, 03 May 2018 15:11:10 GMT

Companies involved in Facebook scandal get shut down in UK

Cambridge Analytica and its parent company SCL Elections Ltd have been shut down after a massive drop in business activity.

Thu, 03 May 2018 15:10:25 GMT

Bombardier commits to new program

On Thursday, Bombardier announced that the company will continue its commercial aerospace program. Meanwhile, the company has been struggling with debt.

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.

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