News

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Mon, 11 Nov 2019 15:01:56 GMT

Alibaba's sales for Singles' Day hit $30B

On Monday, Alibaba Group Holding reported its annual Singles' Day sales hit $30B, paving the way for the Chinese retailer to set a new record in the company's 11th year.

Mon, 11 Nov 2019 13:42:05 GMT

China's new bank loans plunge in October

China's banks extended 661.3B yuan in the October new yuan loans, down from September's results and missing analysts' forecasts of a fall to 800B yuan, Reuters reported on Monday.

Mon, 11 Nov 2019 13:05:08 GMT

HSBC, RBS to roll out digital banking platforms

HSBC and RBS, the British banking heavyweights, are set to release brand new digital banking platforms amid rising competition for well-versed users in digital tech on the back of online startups rapid development.

Mon, 11 Nov 2019 12:03:50 GMT

Adidas to shut down US, German plants

Adidas is planning to shut down the high-tech "robot" plants based in the United States and Germany that the company built to bring output closer to customers, the sportswear company stated on Monday.

Mon, 11 Nov 2019 10:41:03 GMT

Hong Kong stock indices fall

On Monday, stock indices of the Hong Kong stock exchange declined by almost three percent. The decline was attributed to an escalation of protests.

Mon, 11 Nov 2019 10:32:22 GMT

ECB to allocate €1.5B at its seven-day tender

The European Central Bank is planning to allocate €1.5B to banks at ECB's seven-day refinancing tender, according to a Reuters poll.

Mon, 11 Nov 2019 08:50:47 GMT

ECB's Coeure named as BIS Innovation Hub head

Benoit Coeure, the outgoing ECB board member, has been named as the Innovation Hub head at the Bank for International Settlements from January 15, 2020, the BIS revealed on Monday.

Mon, 11 Nov 2019 08:17:44 GMT

Blackstone takes controlling stake in MagicLab

Blackstone Group is set to acquire the controlling stake in the "Bumble" and "Badoo" dating apps' parent company, MagicLab, valuing the firm at about $3.0B, the private equity group announced on Monday.

Mon, 11 Nov 2019 07:38:45 GMT

EML Payments to acquire PFS for A$423M

On Monday, Australia's EML Payments announced it would acquire the UK firm Prepaid Financial Services in a deal worth A$423M that would also comprise an extra earn-out component of about A$103M.

Mon, 11 Nov 2019 06:05:33 GMT

Manufacturers want to boost rural car sales

According to sources familiar with the matter, top management of largest Chinese car companies is discussing ways to increase sales in the country's rural area.

Mon, 11 Nov 2019 05:18:42 GMT

Alibaba's yesterday sales reach $23B

The Chinese e-commerce giant Alibaba's annual Singles' Day shopping blitz yesterday brought the company $23B in the first nine hours.

Mon, 11 Nov 2019 04:01:00 GMT

Bolivia's president agrees to new elections

On Sunday, Evo Morales, the President of Bolivia, agreed to hold fresh elections after the Organization of American States found clear manipulations in last month's presidential election.

Mon, 11 Nov 2019 03:00:41 GMT

Alibaba eyes record single's day sales

E-commerce giant Alibaba would begin its 24-hour shopping mega-event on Monday and is hoping to achieve another record of Single's Day sales.

Sun, 10 Nov 2019 21:24:18 GMT

Javid fears financial crisis under Labour

The UK Finance Minister Sajid Javid warned on Sunday that the Labour Party's government spending program could create financial crisis in less than a year if the party won elections.

Sun, 10 Nov 2019 20:24:41 GMT

Socialists lead in Spanish elections

According to an opinion poll conducted by GAD3, the Socialists are currently leading Spanish elections, though clear winner is still not determined.

Sun, 10 Nov 2019 19:27:14 GMT

GAC to boost technological innovation

The Chinese car maker Guangzhou Automobile Group (GAC) stated on Saturday that it would allocate more resources into technological innovation and R&D.

Sun, 10 Nov 2019 18:26:47 GMT

Germany's Altmaier calls for fundamental reforms

Peter Altmaier, the German Minister for Economic Affairs and Energy, stated on Saturday that the country's political system required fundamental reforms.

Sun, 10 Nov 2019 17:15:58 GMT

Austria s Greens to start coalition talks

The head of the Austrian Green Party Werner Kogler stated on Sunday that the party was willing to start negotiations about the creation of a coalition with the ruling conservative party.

Sun, 10 Nov 2019 12:40:01 GMT

UAE calls Iran to talks

On Sunday, an offcial of the United Arab Emirates stated that Iran should negotiate with Gulf countries and world powers to deescalate tensions and revive its economy.

Sun, 10 Nov 2019 11:45:42 GMT

Romanian President expected to remain in power

On Sunday, Romanian voters went to the polls to vote in the country's presidential election. The incumbent Klaus Iohannis was expected to win.

Sun, 10 Nov 2019 11:31:46 GMT

Conservatives comment on Labour plans

On Sunday, the party of the Prime Minister of the United Kingdom Boris Johnson stated that Labour Party would spend additional 1.2 trillion pounds, if it wins the election.

Sun, 10 Nov 2019 09:40:19 GMT

Alibaba eyes record Single's day

On Monday, Alibaba Group would start its annual Single's Day sales, which are expected to reach a record sales volume.

Sun, 10 Nov 2019 08:40:28 GMT

Goldman faces investigation

On Sunday, Reuters revealed that Goldman Sachs is bound to face an investigation of its Apple Card algorithm.

Sun, 10 Nov 2019 08:33:26 GMT

Saudi Aramco reveals IPO details

On Sunday, it was revealed that Saudi Aramco would offer 0.5% of shares to retail investors. After the sale, a lock up of selling shares would be enacted.

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