News

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Wed, 04 Mar 2020 05:48:41 GMT

Taiwan likely to maintain GDP growth forecast of 2% in 2020

On Wednesday, Taiwan's Minister of Statistics Agency said that Taiwan would have no problem to maintain the GDP growth of 2% in 2020.

Wed, 04 Mar 2020 05:06:42 GMT

Malaysia's PM asks for two-month delay to start Parliament

The Speaker of Malaysia's Parliament Mohamad Ariff Md Yusof said on Wednesday that the Prime Minister Muhyiddin Yassin has asked for the Parliament session to be delayed by two months.

Wed, 04 Mar 2020 03:32:03 GMT

AliExpress warns of delivery delays due to coronavirus

On Tuesday the global e-commerce giant AliExpress warned customers that some shipment could go through delivery delays due to the coronavirus.

Wed, 04 Mar 2020 02:52:03 GMT

Galhau says ECB set to support economy

ECB's policymaker and the Bank of France Governor Francois Villeroy de Galhau said on Tuesday that the ECB could take appropriate and targeted measures to support the economy due to the coronavirus.

Tue, 03 Mar 2020 20:43:16 GMT

UPS, FedEx operations may be hurt by coronavirus

On Tuesday, the US package delivery firms FedEx Corp and United Parcel Service warned the coronavirus outbreak might hurt shipping operations in the affected countries and potentially hit their Q1 results.

Tue, 03 Mar 2020 20:06:33 GMT

Lufthansa CEO backs Boeing-Embraer merger

Lufthansa's CEO Carsten Spohr has supported the planned Boeing's $4.0B takeover of the Embraer's commercial aircraft activities, as the German carrier's head sees such a move to create a level playing field.

Tue, 03 Mar 2020 19:20:45 GMT

Nokia to trim around 150 jobs in Finland in 2020

Nokia is set to slash up to 148 jobs this year in Finland, excluding the 5G development operations, the Finnish network equipment producer stated on Tuesday evening.

Tue, 03 Mar 2020 17:56:39 GMT

EBay may sell unit in South Korea

EBay was looking to sell the company's South Korean unit, including one of the largest online marketplaces Gmarket, in a deal totalling nearly $5B.

Tue, 03 Mar 2020 16:44:10 GMT

BMW, Daimler to cut emissions 20%

New electric models are expected to help Daimler and BMW to cut emissions from the cars an average 20% in 2020, the German automakers stated.

Tue, 03 Mar 2020 15:43:44 GMT

CD&R to buy Huntsworth in pharma bet

The US private equity firm Clayton, Dubilier & Rice agreed to acquire the UK healthcare company Huntsworth for $511M in a bid to extend growth in global healthcare market.

Tue, 03 Mar 2020 14:47:55 GMT

G7 officials discuss coronavirus

It was revealed on Tuesday by Reuters that financial officials of the G7 countries are scheduled to discuss ways to boost the global economy during the coronavirus outbreak.

Tue, 03 Mar 2020 13:44:50 GMT

UK reveals plan to battle coronavirus

On Tuesday, the government of the United Kingdom revealed a plan to battle the spreading of the coronavirus.

Tue, 03 Mar 2020 12:42:34 GMT

Airlines face decline

During Tuesday's European trading hours, heads of European airlines stated that the damage from the coronavirus outbreak is expected to increase.

Tue, 03 Mar 2020 12:32:17 GMT

Euro Zone inflation slows down

On Tuesday, data published by European statisticians revealed that inflation had slowed down in February in the Euro Zone to a 1.2% year to year growth from 1.4%.

Tue, 03 Mar 2020 10:42:32 GMT

ECB works on new lending scheme

On Tuesday, the ECB announced that it is preparing a new lending scheme, which would help coronavirus affected companies.

Tue, 03 Mar 2020 10:03:22 GMT

Novartis unit agrees to pay $195M to settle antitrust charges

Sandoz, the Novartis unit, agreed to pay $195M to reach thee deferred prosecution deal to resolve antitrust charges, following the 2013-2015 probe into the generic drug industry, the Justice Department stated.

Tue, 03 Mar 2020 09:06:55 GMT

Goldman bans non-essential international business travel

Goldman Sachs Group has suspended all the non-essential foreign business travel due to "precautionary measures" related to the coronavirus outbreak.

Tue, 03 Mar 2020 08:39:19 GMT

Lyft flags output delays amid coronavirus

The ride-hailing firm Lyft Inc reported production delays of its certain automotive components and parts of scooters and bikes due to the coronavirus outbreak.

Tue, 03 Mar 2020 06:31:18 GMT

Wall Street surges on Monday

During Monday's US trading hours, stock indices surged. The surge was attributed to various central banks revealing upcoming economic stimulus.

Tue, 03 Mar 2020 04:41:22 GMT

Brazil posts trade surplus

On Monday, the Brazilian government published a $3.1 billion trade surplus for February.

Tue, 03 Mar 2020 04:31:22 GMT

Apple gets fined

Apple Inc revealed on Monday that it would pay almost $500 million to settle a litigation that accuses the company of slowing down older iPhones.

Mon, 02 Mar 2020 21:43:26 GMT

Former Navistar CEO pays fine

On Monday, the SEC announced that the former CEO of Navistar International Corporation would pay $500,000 for misleading investors.

Mon, 02 Mar 2020 21:15:48 GMT

Ryanair to cut flights to Itay amid coronavirus

Ryanair is set to cut capacity in and out flights to Italy 25% for three weeks amid significant decline in bookings since the coronavirus outbreak.

Mon, 02 Mar 2020 20:27:54 GMT

Honda to cut production in Japan due to parts shortage

Honda Motor is set to temporarily cut production in two Japanese factories amid difficulty in getting parts from China due to the coronavirus outbreak.

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