News

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Fri, 05 Jan 2018 04:33:48 GMT

Uber ex-CEO sells part of stake for $1.4B

Travis Kalanick, the ex-CEO of Uber Technologies, was selling almost a third part of his 10% stake in the company for nearly $1.4B, a source familiar with the matter said.

Fri, 05 Jan 2018 04:33:12 GMT

China revises GDP growth of 2016 slightly lower

China trimmed slightly final 2016 GDP growth figure after it scaled back preliminary estimate for the country's services sector, but kept yearly gross domestic product growth rate at 6.7%.

Fri, 05 Jan 2018 03:26:41 GMT

Brookfield to buy Westinghouse for $4.6B

A subsidiary of Canadian Brookfield Asset Management is set to acquire Westinghouse, the Toshiba-owned bankrupt nuclear services firm, for $4.6B.

Fri, 05 Jan 2018 03:25:55 GMT

GoPro cuts up to 300 positions in aerial products unit

Action camera producer GoPro was cutting nearly 200 to 300 positions in the company's aerial products division over this week, TechCrunch reported.

Thu, 04 Jan 2018 20:57:37 GMT

Trump says new immigration system will improve security

The US President Donald Trump reported on Thursday that he was working alongside lawmakers to develop a new immigration system that would improve security and benefit American workers.

Thu, 04 Jan 2018 20:53:55 GMT

US sanctions five Iranian entities involved in ballistic missile programme

On Thursday, the US imposed sanctions on five Iran-based entities it said were involved in Iran's ballistic missile programme.

Thu, 04 Jan 2018 20:14:01 GMT

Canada sends ministers to US to promote NAFTA

Official sources reported on Thursday that the Canadian government would send its three cabinet ministers to the US to promote the NAFTA.

Thu, 04 Jan 2018 20:06:20 GMT

US crude oil inventories drop more than expected last week

The EIA reported that US crude oil inventories dropped 7.4M barrels in the week ending December 29, following the prior week's fall of 4.6M barrels and surpassing analysts' expectations for a 5.2M-barrel decline.

Thu, 04 Jan 2018 19:01:11 GMT

Banco Santander Brasil's rural loans jump to $4B in 2017

The volume of rural credit loans of Banco Santander Brasil inched higher to $4B in 2017, as the local unit of the Spanish bank grew the presence in the developing agribusiness sector.

Thu, 04 Jan 2018 19:00:21 GMT

Unilever to shut down Colman's mustard factory in UK

Unilever has aimed to close the Colman's mustard factory located in Norwich, East of England, after more than 160 years of production, affecting more than 110 jobs.

Thu, 04 Jan 2018 18:09:19 GMT

Brookfield to acquire Westinghouse for $4.6B

Canadian Brookfield Asset Management has aimed to purchase Westinghouse Electric Co, the bankrupt nuclear service firm owned by Toshiba, for $4.6B.

Thu, 04 Jan 2018 18:06:49 GMT

Putin resumes regular flights to Cairo

According to the Moscow government's official documents, President Putin has authorised the regular Russia's airline flights' resumption to Cairo, Egypt.

Thu, 04 Jan 2018 17:17:44 GMT

Oil hits record high first time since May 2015

Oil reached $68 a barrel on Thursday, its highest since May 2015, after Iran unrest added concerns about supply risks, as well as the OPEC-led output cuts and increased demand in the US.

Thu, 04 Jan 2018 17:16:05 GMT

Iranian protests do not hurt trade ties: German VDMA

According to the German VDMA, Iranian protests were not affecting the trade ties between two countries, however, it was unclear if demand for German machinery decreases.

Thu, 04 Jan 2018 16:03:43 GMT

Austria's government to reduce child benefits abroad

The Austrian ruling coalition has aimed to reduce child benefit payments for those, who live abroad, adding that this move would not break the EU discrimination rules.

Thu, 04 Jan 2018 16:02:35 GMT

Dow Jones hits record 250,000-mark

The Dow Jones Industrial Average jumped above record 25,000-mark on Thursday, while other indexes climbed after private employers added 250,000 job positions in December.

Thu, 04 Jan 2018 15:34:19 GMT

Intel's shares down amid chip vulnerability to hacking

Shares in Intel continued to slide and dropped to 3.4% on Wednesday, following a report saying its mobile and computer chips were vulnerable to hacking.

Thu, 04 Jan 2018 15:25:52 GMT

Sprint names ex-Altice head Combes as CFO

On Thursday, Sprint appointed the former Altice director Michel Combes as its new Chief Financial Officer, who has been set to become effective on January 6.

Thu, 04 Jan 2018 14:34:48 GMT

Chile's Lomas Bayas mine union rejects Glencore's offer

On Thursday, Chile's Lomas Bayas mine union rejected the final agreement from Glencore, starting a period of a government-facilitated mediation, as it seeks to avoid strike.

Thu, 04 Jan 2018 14:16:40 GMT

US initial jobless claims jump 3K last week

The number of applications for US unemployment benefits surged 3K to 245K in the week ending December 30, missing analysts' expectations for a 241K drop.

Thu, 04 Jan 2018 13:27:00 GMT

JPMorgan, Goldman Sachs pay top UK bankers $1.5M each in 2016

According to the data released by various banks and later compiled by Reuters, JPMorgan and Goldman Sachs paid their top UK bankers on average $1.5M each in 2016.

Thu, 04 Jan 2018 13:24:01 GMT

Walgreens Q3 2017 profit down 22%

On Thursday, the US second-largest pharmacy store Walgreens reported a drop of 22.1% in quarterly profit, primarily harmed by an impairment charge for funding Guangzhou Pharmaceuticals.

Thu, 04 Jan 2018 12:11:44 GMT

China voices support for Cambodia's election

On Thursday, China voiced support for the general election in Cambodia, adding it believes the vote will be fair this year.

Thu, 04 Jan 2018 12:10:50 GMT

China's CB issues new bond market regulation guidelines

The People's Bank of China has issued fresh bond market regulation guidelines, adding all participants must "abide by liquidity and leverage ratio requirements".

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