News

Note: This section contains information in English only.
Sat, 23 Nov 2019 03:52:09 GMT

SAA and trade union reach wage deal

The Commission for Conciliation, Mediation and Arbitration announced on Friday that the wage dispute between the South African Airways and the trade unions have been resolved.

Sat, 23 Nov 2019 03:07:57 GMT

Farage vows to continue campaigning

On Friday, Nigel Farage, the leader of Brexit Party, said that he would continue campaigning, as he unveiled the Brexit Party's general election policies.

Fri, 22 Nov 2019 20:47:45 GMT

Deutsche Bank files lawsuit against Madoff feeder funds

Deutsche Bank has filed a lawsuit against Bernard Madoff feeder funds, accusing them of backing out of their 2011 agreement to sell about $1.6B of claims in the liquidation of the swindler's company.

Fri, 22 Nov 2019 19:54:07 GMT

M&S appoints former Tesco's CEO

On Friday, Marks & Spencer, the British retailer company, has appointed the former Tesco's Chief Executive Richard Price, as the managing director of the clothing & home business.

Fri, 22 Nov 2019 18:57:51 GMT

Tesla unveils electric pickup truck

Tesla's Chief Executive Officer Elon Musk unveiled the company's electric pickup truck on Thursday. The vehicle, which represents a large metallic trapezoid, will be priced from $39,900.

Fri, 22 Nov 2019 18:04:53 GMT

FCC set to vote to bar China's ZTE and Huawei

The US FCC plans to vote on Friday to designate ZTE and Huawei as a national security risk and to bar the use of funds from the $8.5B government program to purchase equipment or services from those firms.

Fri, 22 Nov 2019 17:13:11 GMT

WeWork to cut 2.4K jobs in SoftBank revamp

WeWork announced about 2.4K lay-offs, which is nearly 20% of the company's workforce, as the office-sharing group aims at cost cuts in a revamp launched by its largest shareholder SoftBank Group.

Fri, 22 Nov 2019 15:50:15 GMT

Sanofi's strategy head to retire amid restructuring

Sanofi's strategy boss will retire by November's end in major management revamp triggered by the company's new CEO Paul Hudson, a memo showed on Friday.

Fri, 22 Nov 2019 15:17:25 GMT

China's Didi may start offering more services with 5G

On Friday, China's ride-hailing company Didi Chuxing stated it could offer more service, including advertising, as soon as the 5G technology launch boosts web-based products and streaming for mobile users.

Fri, 22 Nov 2019 14:39:46 GMT

Regulators crackdown on Megvii's $500M HK IPO

Megvii Technology's plans for the $500M worth Hong Kong listing were hit by a setback, as China's regulators are urging the Chinese AI firm for more information, after it had been blacklisted by the US government.

Fri, 22 Nov 2019 12:41:36 GMT

Malaysia's Petronas has no plans for Aramco IPO

Malaysia's Petronas, the state energy company, stated on Friday it had no plans to participate in Saudi Aramco's IPO after the Saudi oil giant had approached Petronas over listing participation earlier this month.

Fri, 22 Nov 2019 12:28:27 GMT

Roche prolongs bid deadline for Spark Therapeutics

Roche re-extended its offer deadline for Spark Therapeutics again, the Swiss drugmaker announced on Friday, as the US and UK antitrust regulators needed extra time for reviewing the deal.

Fri, 22 Nov 2019 11:01:25 GMT

Oil holds near high level

On Friday, crude oil price benchmarks were near a two month high level. The recent surge of oil was attributed to OPEC+ announcing production cuts.

Fri, 22 Nov 2019 09:43:36 GMT

China's Xi seeks to work out trade deal with US

On Friday, China's President Xi Jinping stated he would seek to work out the initial trade deal with the US, trying to avoid the trade war.

Fri, 22 Nov 2019 08:45:13 GMT

China regulator grants approval for Boeing-Embraer deal

China's antitrust regulator has granted its approval for Boing's deal to acquire a majority stake in Brazil Embraer's commercial jet division, according to a regulator's statement seen on its website.

Fri, 22 Nov 2019 07:55:28 GMT

FCA gets away from GM lawsuit, aims at Peugeot deal

Fiat Chrysler Automobiles has brushed off General Motors' lawsuit, as the company sees a merger deal with PSA Group by this year's end to build the fourth-largest carmaker in the world.

Fri, 22 Nov 2019 07:08:55 GMT

Microsoft gets green light for software export to Huawei

The US government has granted a licence to Microsoft Corp for an export of the 'mass-market' software to China's Huawei Technologies, according to Reuters.

Fri, 22 Nov 2019 05:53:55 GMT

Exxon plans $25B assets sale to focus on mega-projects

Exxon Mobil is planning a sale of its gas and oil fields in Asia, Africa and Europe, worth $25B, as the energy company seeks to shift its focus to mega-projects, Reuters reported.

Fri, 22 Nov 2019 04:41:58 GMT

Unilever, Henkel consider bids for Coty's $7B beauty brands

Unilever and Henkel, the consumer goods giants, as well as some of buyout funds, such as Advent and Cinven, consider to submit their bids for a couple of the US cosmetics maker Coty's popular beauty brands.

Fri, 22 Nov 2019 03:24:55 GMT

Nitro Software seeks raising $75M in Australia IPO

Adobe's rival Nitro Software announced on Friday it sought to raise A$110.2M ($74.78M) through its Australian initial public offering, planning to price the offering at A$1.72 per share.

Thu, 21 Nov 2019 21:32:05 GMT

Bloomberg prepares to become presidential nominee

On Thursday, the former mayor of New York City, Michael Bloomberg, submitted necessary papers to officially become the US presidential nominee.

Thu, 21 Nov 2019 20:32:38 GMT

Macy's lowers expected profit

On Thursday, Macy's Inc repeatedly lowered its profit forecast amid poor international tourism and unfavorable weather.

Thu, 21 Nov 2019 19:31:58 GMT

US gives green light to airlines' JV

The US Transportation Secretary Elaine Chao has finally approved on Thursday an expanded joint venture (JV) of Air France KLM SA, Delta Air Lines and Virgin Atlantic.

Thu, 21 Nov 2019 17:55:43 GMT

Xerox to go hostile with HP bid

Xerox threatened with $33.5B hostile takeover bid for HP, if the PC maker did not agree to a discussion before the end of the month, after rejecting a $22 per share offer.

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