News

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Fri, 05 Apr 2019 14:12:36 GMT

WTO to unveil ruling on "national security" dispute

The World Trade Organisation is set to issue the first-of-its-kind ruling on the "national security" dispute on Friday, according to various sources with the known with the matter.

Fri, 05 Apr 2019 12:38:58 GMT

Malaysia's PM sees firms buying Lynas

Malaysia's Prime Minister stated on Friday that other firms could move towards the acquisition of Australia's rare-earths processor Lynas Corp that threatened to lose an operating licence for the processing plant in the country.

Fri, 05 Apr 2019 12:35:44 GMT

May calls for Brexit extension until June-end

On Friday, Britain's Prime Minister Theresa May asked Brussels for the Brexit extension until June 30, while planning to leave the EU bloc earlier to avoid Britain's participation in the European elections.

Fri, 05 Apr 2019 11:37:50 GMT

Russia's Magnit makes $1.8B rival offer for Lenta

Magnit, the Russian grocery chain, made a $1.78B rival bid for Lenta, beating the competitor's offer made by Alexey Mordashov, the Russian steel magnate.

Fri, 05 Apr 2019 11:34:52 GMT

Cariplo to back Intesa's cross-border M&A

Italian bank Intesa's shareholder Fondazione Cariplo stated on Friday it would support any possible cross-border merger deal that could be proposed by the bank's CEO.

Fri, 05 Apr 2019 09:44:26 GMT

LG decreases profit forecasts

LG Electronics announced on Friday that the company is decreasing its profit forecasts. The company's stock price is expected to decline due to the announcement. Moreover, it reveals that there is a trend of decline in the company.

Fri, 05 Apr 2019 09:44:05 GMT

German industrial output increases

On Friday, German statistics revealed that industrial output in the country has increased by 0.7% in February. The data contradicts other various data sets that indicated that a decline is occurring in the German economy.

Fri, 05 Apr 2019 08:39:31 GMT

Trump comments on trade deal

The President of the United States Donald Trump late on Thursday announced that it is possible that the trade deal between China and US will be reached during the next four weeks.

Fri, 05 Apr 2019 08:39:21 GMT

Reuters publishes poll about EM currencies

On Friday, Reuters published the results of a poll about Emerging Market currencies. In general, surveyed market participants plan to trade cautiously with the currencies of the EM.

Fri, 05 Apr 2019 08:01:29 GMT

Tusk considers flexible Brexit extension

The President of the European Council of the European Union announced on Friday that the EU is considering the creation of a flexible Brexit extension system that would allow to extend the event up to one year.

Fri, 05 Apr 2019 08:01:04 GMT

Indonesia hurts EU imports

On Friday, European Union alcohol makers announced that they are facing difficulties to export their goods to Indonesia. The Indonesian government is not approving the EU producer applications for import. The difficulties are linked to a recent dispute about palm oil shipments from Indonesia to the EU.

Fri, 05 Apr 2019 07:01:51 GMT

At Home Group exploring potential sale

The US home décor retailer At Home Group is reviewing options, including a potential sale of the company, amid weak stock performance that made the group an acquisition target.

Fri, 05 Apr 2019 06:53:19 GMT

LG Electronics sees Q1 profit down 19%

On Friday, LG Electronics stated it expected its Q1 operating profit to fell 19% compared to the previous year, beating analysts' expectations for a wider drop.

Fri, 05 Apr 2019 06:39:36 GMT

Goldcorp accepts Newmont's $10B takeover bid

On Thursday, Goldcorp shareholders accepted a $10B worth takeover proposal made by Newmont Mining, in a deal that would create the world's biggest gold producer.

Fri, 05 Apr 2019 06:37:50 GMT

ECB seeks Deutsche Bank to lift fresh funds

The ECB will seek Deutsche Bank to lift fresh funds ahead of granting its approval for the merger with Commerzbank, sources familiar with the situation reported on Friday.

Fri, 05 Apr 2019 04:02:51 GMT

Japan's Aso suggests regional banks to try mergers

The Finance Minister of Japan Taro Aso addressed on Friday regional banks and said that mergers could be a solution against squeezed profits caused by low interest rates.

Fri, 05 Apr 2019 03:57:40 GMT

WTO head warns of no-deal Brexit risks

The Director-General of the World Trade Organisation (WTO) Roberto Azevedo stated on Thursday that some sectors of the Britsh economy would bear significant costs, if the government failed to negotiate a Brexit deal.

Thu, 04 Apr 2019 21:42:07 GMT

Alibaba cross border business expands rapidly

China's cross border procurement platform of e-commerce giant Alibaba expanded more than 120% in 2018 from the prior year, the company reports.

Thu, 04 Apr 2019 21:40:52 GMT

Cargill begins plant construction in China

The US based agriculture company Cargill has begun the construction of a plant in the east China's Jiangxi Province, the company reports.

Thu, 04 Apr 2019 18:22:45 GMT

Economy of Vietnam to grow 6.8% in 2019

The Vietnamese economy is expected to expand 6.8% in 2019 and another 6.7% in 2020, the Asian Development Bank reports.

Thu, 04 Apr 2019 18:22:17 GMT

ADB: Laos growth outlook remains stable

The economic growth in Laos is likely to remain stable over the next few years, a latest report published by the Asian Development Bank shows.

Thu, 04 Apr 2019 16:49:45 GMT

RBI cuts repo rate

The Reserve Bank of India on Thursday cut its repo rate by 0.25% to 6% to provide cheap financing for commercial banks, a statement issued by the RBI shows.

Thu, 04 Apr 2019 16:47:37 GMT

India projects 7.2% growth

The Reserve Bank of India on Thursday lowered the GDP growth forecast for the current fiscal year to 7.2% from a previous forecast of 7.4%, the central bank reports.

Thu, 04 Apr 2019 16:16:27 GMT

East African region to expand 5.9% in 2019

The East African region is expected to expand 5.9% in 2019, a slight increase from 5.7% growth in 2018, the African Development Bank reports.

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