News

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Sat, 28 Dec 2019 04:41:36 GMT

Toyota fined over Lexus price-fixing

The Chinese market regulator fined Toyota Motor nearly $12.5M for price-fixing over premium Lexus vehicles in Jiangsu province.

Sat, 28 Dec 2019 00:57:53 GMT

Spotify to pause political ads next year

Spotify Technology SA announced that it would stop political advertising on the company's music streaming platform early next year.

Fri, 27 Dec 2019 20:50:10 GMT

Turkey unveils first fully domestically-produced car

On Friday, the Turkish President Tayyip Erdogan unveiled Turkey's first fully-homemade automobile, a sport utility vehicle (SUV) and a sedan.

Fri, 27 Dec 2019 19:58:09 GMT

Wall Street hovers at record highs

On Friday, Wall Street's main indexes lingered near record highs, as investors and traders await new information on the initial Sino-US trade deal.

Fri, 27 Dec 2019 19:00:03 GMT

Oil prices retreat from three-month highs

On Friday, crude oil prices edged lower from a three-month high after the Russian Energy Minister Alexander Novak downplay oil supply cuts.

Fri, 27 Dec 2019 17:42:16 GMT

Brazil's Petrobras Distribuidora to sell stake in CDGN Logística

Petrobras Distribuidora SA, the Brazilian fuel distributor, announced it agreed on the 49% stake sale in CDGN Logística in a deal with Pacífico Administração de Recursos worth around $6.25M.

Fri, 27 Dec 2019 16:42:48 GMT

Deutsche Telekom agrees on T-Systems restructuring

Deutsche Telekom and its works council have agreed on restructuring of its struggling T-Systems IT services arm, according to the German newspaper Handelsblatt's report on Friday.

Fri, 27 Dec 2019 15:41:30 GMT

UK regulator starts probe into Amazon's Deliveroo deal

The British competition regulator has launched an in-depth inquiry into Amazon.com Inc's stake acquisition in Deliveroo, the online food delivery firm, as the companies had failed to assuage initial concerns.

Fri, 27 Dec 2019 14:46:39 GMT

EU may need deadline extension for UK trade talks

The European Union is considering a possible deadline extension for talks over a trade relationship with the United Kingdom, Ursula von der Leyen, the EU Commission President, stated on Friday.

Fri, 27 Dec 2019 14:25:58 GMT

Colombia names Galindo as CB's board member

On Friday, the President Ivan Duque has named Arturo Galindo as the Colombian central bank's new board member, succeeding Jose Antonio Ocampo, following his resignation last week.

Fri, 27 Dec 2019 12:43:23 GMT

Astellas buys US biotech Xyphos for $665M

Astellas Pharma Inc acquired the US biotech firm Xyphos Biosciences amid its immuno-oncology business expansion, in a deal valued at about $665M.

Fri, 27 Dec 2019 12:21:47 GMT

Hyundai Development cloess $2.2B purchase of Asiana Airlines

On Friday, Hyundai Development, the South Korean builder, announced that its consortium closed a $2.16B acquisition of the majority stake in the second-largest carrier in the country, Asiana Airlines.

Fri, 27 Dec 2019 11:35:54 GMT

Japan Display considers sale smartphone screen plant

Japan Display Inc has entered talks over its smartphone screen factory sale to Apple and Sharp Corp in a potential deal worth $820M, according to a Nikkei business daily's report seen on Friday.

Fri, 27 Dec 2019 10:33:03 GMT

Tesla secures $1.29B loan for Shanghai plant

The electric vehicle maker Tesla has signed agreements with the Chinese banks to secure the $1.29B term loan for its Shanghai factory, a regulatory filing showed on Thursday.

Fri, 27 Dec 2019 09:26:54 GMT

Founder of Uniqlo Yanai resigns as board member of SoftBank

On Friday, SoftBank Group Corp stated that Tadashi Yanai, CEO and founder of Uniqlo parent company Fast Retailing, will resign as SoftBank's independent member of the board to focus on his business.  

Fri, 27 Dec 2019 08:19:52 GMT

Israel Aerospace Industries views 2019 revenue of $4B

Israel Aerospace Industries is expecting its annual 2019 revenue to reach the total of about $4B, the company said on Thursday.

Fri, 27 Dec 2019 07:23:22 GMT

Boeing's 737 MAX crisis adviser to retire

On Thursday, Boeing Co announced that Michael Luttig, the senior adviser to the 737 MAX crisis, was set to retire by this year's end.

Fri, 27 Dec 2019 06:15:31 GMT

US jobless claims drop last week

The US initial claims for unemployment benefits fell 13K to seasonally adjusted 222K for the week ending December 21, according to the Labor Department's report seen on Thursday.

Fri, 27 Dec 2019 04:46:18 GMT

E-commerce sales hit record-high on holiday season

Mastercard's report revealed that US consumers have been spending mostly online during the holiday shopping season this year, making the e-commerce hit its record-high.

Fri, 27 Dec 2019 04:11:34 GMT

UPS sees returned packages to hit record-high

United Parcel Services is expecting the package returns to hit its record-high on the back of the holiday shipping season this year, as consumers shopped mostly online, the company stated on Thursday.

Fri, 27 Dec 2019 03:14:09 GMT

US warns Britain over Huawei role in 5G

Robert O'Brien, the US National Security Adviser, has warned Britain over allowing Huawei Technologies into the 5G telecommunications networks, as it might pose a risk to the country's secret intelligence services.

Thu, 26 Dec 2019 20:56:05 GMT

Singapore's manufacturing production falls 9.3%

Singapore's manufacturing output decreased 9.3% year-over-year in November, compared to a revised 3.6% rise this October.

Thu, 26 Dec 2019 19:53:52 GMT

Tiffany sees higher holiday sales

Tiffany & Co estimated sales to increase 1% to 3% over the holidays, with the largest contribution coming from a recovery in the US and China.

Thu, 26 Dec 2019 18:47:15 GMT

Alberta Investment, KKR to buy stake in Coastal GasLink

Private equity company KKR & Co and Alberta Investment Management are set to jointly buy a stake of 65% in TC Energy's Coastal GasLink in Canada.

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