Articles by admin

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates.

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Xerox Corp beat fourth-quarter profit estimates on Tuesday as it reined in costs, but its revenue dropped more than expected as businesses continue to cut spending on printers and photocopiers.

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Japan’s ANA Holdings Inc said it would order 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines parent PAL Holdings Inc to support its Asia growth strategy.

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The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down.

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Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank said on Tuesday the banks have agreed on a three-way merger, creating the third-largest bank in the United Arab Emirates.

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Intel Corp will receive a grant of about $1 billion from the Israeli government for its latest investment plan to expand its chip manufacturing operations in the country, Israel’s finance minister said on Tuesday.

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Gold climbed to a seven-month high on Tuesday as markets opted for caution before three major macro events and a blizzard of big tech company earnings in the coming days, starting with Apple later.

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Deutsche Telekom said on Tuesday it is reviewing its network equipment procurement plans after the United States moved to restrict China’s Huawei Technologies from accessing its next-generation mobile networks.

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Walmart Inc’s online retailer Flipkart has told the Indian government the company faces the risk of “significant customer disruption” if the implementation of new curbs for e-commerce is not delayed by six months, a source told Reuters.

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U.S. sanctions imposed on Venezuela’s state oil company are illegal and Russia will take all necessary steps to support the administration of Venezuelan President Nicolas Maduro, Russian Foreign Minister Sergei Lavrov was quoted as saying on Tuesday.

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Power provider PG&E Corp filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and 2018.

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Intel Corp will receive a grant of about a billion dollars from the Israeli government for its planned, record-setting investment to expand its operations in the country, Israel’s finance minister said on Tuesday.

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Huawei’s CFO “should not be a hostage” in Sino-U.S. relations, her lawyer said on Tuesday, after the United States announced criminal charges against herself and the Chinese firm just days before crunch trade talks with Beijing.

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Power provider PG&E Corp filed for voluntary Chapter 11 bankruptcy protection on Tuesday, succumbing to liabilities stemming from wildfires in Northern California in 2017 and 2018.

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Japan’s ANA Holdings Inc said it would order 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines parent PAL Holdings Inc to support its Asia growth strategy.

…read more […]