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Updated: 20 hours 37 min ago

UAE announces $1.1 billion of military deals with international companies: IDEX

Sun, 02/17/2019 - 14:20
The United Arab Emirates (UAE) said on Sunday it had signed military deals worth 3.87 billion UAE dirhams ($1.1 billion) with international companies.

Russia's Gazprombank decided to freeze PDVSA accounts: source

Sun, 02/17/2019 - 13:39
Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.

Airbus warns of no-deal Brexit, says has spent tens of millions preparing

Sun, 02/17/2019 - 12:50
Airbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.

European efforts for trade with Iran fall short - Zarif

Sun, 02/17/2019 - 11:53
Iran's foreign minister said on Sunday that a European mechanism to trade with Tehran fell short and that France, Britain and Germany needed to do more to show their commitment to the 2015 nuclear deal with Iran.

China to lure foreign investment in state giants - regulator

Sun, 02/17/2019 - 08:52
China will seek to attract foreign investment in its larger state-owned enterprises (SOEs), which are undergoing reforms to make them more competitive, the head of the country's state asset regulator said.

Qatar's real estate market faces reality check ahead of World Cup

Sun, 02/17/2019 - 07:52
Qatar's Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty.

Nissan panel to recommend outside director to chair board - Nikkei

Sun, 02/17/2019 - 06:56
A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralise power at the top level, the Nikkei business daily reported on Sunday.

Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi

Sun, 02/17/2019 - 05:34
Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada.

UK regional airline Flybmi goes into administration blaming Brexit

Sun, 02/17/2019 - 05:33
British regional airline Flybmi has gone into administration and has cancelled all flights with immediate effect, the company said in a statement on Saturday, blaming Brexit uncertainty as one of the reasons for its collapse.

Brexit 'airbags' being tested by business with 40 days to exit day - KPMG

Sun, 02/17/2019 - 05:10
With just 40 days until the United Kingdom is due to leave the European Union, businesses are testing their emergency Brexit preparations to ensure they have enough cash and staff in the event of a disorderly exit, KPMG said.

U.S. President Trump receives update on China trade talks

Sun, 02/17/2019 - 04:58
President Donald Trump received an update on trade talks with China on Saturday at his Florida retreat after discussions in Beijing saw progress ahead of a March 1 deadline for reaching a deal.

Russian court extends custody of Baring Vostok's Calvey until April

Sat, 02/16/2019 - 17:30
A Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.

Exclusive: China ride-hailing giant Didi plans Chile, Peru launches to take on Uber

Sat, 02/16/2019 - 15:14
Chinese ride-hailing giant Didi Chuxing is planning to take on U.S. rival Uber in some of Latin America's fastest-growing markets, recruiting managers in Chile, Peru and Colombia, according to job postings and a company official.

Pence chastises EU, rejects Merkel's call to work with Russia

Sat, 02/16/2019 - 14:55
U.S. Vice President Mike Pence rebuked European powers over Iran and Venezuela on Saturday in a renewed attack on Washington's traditional allies, rejecting a call by Germany's chancellor to include Russia in global cooperation efforts.

Baring Vostok's Calvey tells Russian court he will cooperate with investigation

Sat, 02/16/2019 - 14:47
Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms, told a Russian court on Saturday he would cooperate with an investigation into alleged financial misconduct and comply with terms if put under house arrest.

Famed Cullinan mine banks on big diamonds to drive down debt

Sat, 02/16/2019 - 12:49
The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.

Airbus CEO tells Germany to reform arms policy for good of Europe

Sat, 02/16/2019 - 09:09
Airbus Chief Executive Tom Enders urged Germany to press ahead with plans to create common European regulations on arms exports, saying the issue posed a litmus test for Berlin's ambitions to foster a European defence policy.

China says guarantee funds should focus on rural development, small firms

Sat, 02/16/2019 - 07:37
China's finance ministry said Saturday that government financing guarantee funds should "return to the main business of guarantees" and reduce fees as it seeks to step up support for smaller firms and rural development.

China-U.S. trade talks 'making a final sprint' - state media

Sat, 02/16/2019 - 05:50
Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced "step-by-step" progress.

Automakers brace for U.S. government report on import tariffs

Sat, 02/16/2019 - 05:41
A confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, auto industry officials said on Friday.

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