News

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Fri, 21 Feb 2020 10:08:56 GMT

Samsung Elec names non-executive head as board chairman

On Friday, Samsung Electronics has appointed a non-executive director as the board chairman ib the company's first time, seeking to boost independence and transparency.

Fri, 21 Feb 2020 08:55:26 GMT

Tesla receives approval to cut down forest for German plant

Tesla received the German court's approval to continue to clear forest near Berlin with the intention to establish its first EU car and battery plant called Gigafactory.

Fri, 21 Feb 2020 07:56:32 GMT

France's Engie seeks to acquire Ameresco

Engie SA, the French power utility, expressed its interest to acquire the US energy services firm Ameresco, sending the American provider's shares up 15% on the news.

Fri, 21 Feb 2020 06:58:09 GMT

EDPB concerned of privacy risks in Google-Fitbit deal

The EU Data Protection Board warned that Google's $2.1B bid to acquire Fitbit, the fitness tracker firm, could pose some privacy risks, joining other critics of a potential deal.

Fri, 21 Feb 2020 05:43:11 GMT

Wall Street falls over 1% due to coronavirus

US stock indexes plunged over 1% on Thursday on growing fears of the coronavirus outbreak amid rise of the number of such cases outside of China.

Fri, 21 Feb 2020 04:45:58 GMT

Wix.com expects 2020 revenue to almost hit $1B

Israel's Wix.com reported a slight decline in its Q4 net profit and said it was expecting a revenue increase of around 25% in 2020 to nearly $1.0B as the company expanded into the web creator market.

Fri, 21 Feb 2020 04:13:26 GMT

Thyssenkrupp close to $17B elevator division sale

Thyssenkrupp is close to complete a sale of the $17B worth elevator division that would help the industrial group pay down its debt, Reuters reported.

Fri, 21 Feb 2020 03:12:48 GMT

Microsoft plans $1.1B investment in Mexico

Microsoft's CEO Satya Nadella announced the tech giant would make an investment worth $1.1B in Mexico during the following five years, seeking to focus on expanding access to digital technology across the country.

Thu, 20 Feb 2020 21:02:05 GMT

Lenovo reports record high earnings

The Chinese tech company Lenovo reported record high quarterly earnings in the third quarter of the current fiscal year, a financial statement released by the company shows.

Thu, 20 Feb 2020 20:01:02 GMT

S. Korea trade with Vietnam expands

Trade between South Korea and Vietnam expanded 16.5% in 2019 from the previous year, a statement published by the Korea Customs Service shows.

Thu, 20 Feb 2020 18:58:43 GMT

German Fresenius reports record sales

German health care company Fresenius reported record sales of $38.2B in 2019, an increase of 8% from the prior year, a statement released by the company shows.

Thu, 20 Feb 2020 18:12:56 GMT

German machinery exports decline in 2019

German machinery exports decreased by 1.5% in 2019 from the previous year amid weak industrial production around the world, a report from the German Mechanical Engineering Industry Association shows.

Thu, 20 Feb 2020 16:53:45 GMT

Armenia reports GDP growth in 2019

The economy of Armenia expanded 7.6% in 2019, the fastest pace since 2008, data published by Armenia's national statistics committee show.

Thu, 20 Feb 2020 16:28:45 GMT

Taiwan export orders decline

Export orders received by companies in Taiwan decreased 12.8% to $35.31B in January from the same period the prior year, a statement published by the Ministry of Economic Affairs shows.

Thu, 20 Feb 2020 15:19:30 GMT

L Brands sells majority stake in Victoria's Secret, CEO Wexner to step down

L Brands Inc is planning a controlling stake sale in Victoria's Secret unit to Sycamore Partners, in a deal valuing $1.1B, as the group has shifted its focus to its main Bath & Body Works brand.

Thu, 20 Feb 2020 14:29:35 GMT

WeWork appoints new COO on Thursday

On Thursday, WeWork, the office-sharing start-up, named the ex-Ernst & Young executive, Shyam Gidumal, as the company's chief operating officer during the first major appointment of executives under the new CEO Sandeep Mathrani.

Thu, 20 Feb 2020 13:07:06 GMT

Nokia to buy Elenion Technologies

Finland's Nokia Qyj, the telecom networks maker, agreed to acquire Elenion Technologies, the privately-owned US tech company, to bolster optical networking business and widen its offering to the telecoms operators.

Thu, 20 Feb 2020 12:39:08 GMT

Thomson Reuters likely to appoint Steve Hasker as CEO

Thomson Reuters Corp is likely to appoint Steve Hasker, the former Nielsen Holdings president, as the news agency's next CEO, succeeding Jim Smith.

Thu, 20 Feb 2020 10:50:40 GMT

US Dollar surges on Thursday

During Thursday's Asian and European trading hours, the US Dollar surged in value, reaching its highest level since May 2017.

Thu, 20 Feb 2020 09:53:31 GMT

Google to move UK users' data protection

Google is planning to move its UK users' accounts out of the EU privacy regulators' control to the US jurisdiction instead, sources stated.

Thu, 20 Feb 2020 09:13:17 GMT

Unipol to acquire Ubi Banca's bancassurance JVs

Unipol, the Italian financial group, is set to acquire a couple of 300M euros worth bancassurance joint ventures in Intesa's proposed deal for Ubi Banca, Chief Executive Carlo Cimbri stated on Thursday.

Thu, 20 Feb 2020 08:39:50 GMT

Nokia to buy Elenion Technologies

Nokia Qyj, Finland's telecom networks make, announced it agreed to acquire the privately-owned US tech company Elenion Technologies to bolster the optical networking business and widen its offering to the telecoms operators.

Thu, 20 Feb 2020 05:49:43 GMT

Aeffe expects weaker 2019 results

Aeffe Spa, the Moschino and Alberta Ferretti owner, expected its Q1 results to be affected by the coronavirus outbreak in China, an executive told Reuters.

Thu, 20 Feb 2020 04:33:39 GMT

Fresenius Medical: operating profit grows 3% in Q4

Fresenius Medical Care stated that quarterly adjusted operating profit grew 3% as rise in dialysis products and services was slightly offset by adjustments for accounts receivable.

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