News

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Sat, 18 May 2019 03:58:52 GMT

FBI to investigate J&J, GE, Philips and Siemens

According to sources with knowledge of the matter, the FBI is investigating Johnson & Johnson, Philips, Siemens and General Electric over the Brazilian graft case.

Sat, 18 May 2019 02:58:44 GMT

Brexit negotiations collapse

Brexit talks between the UK Prime Minister Theresa May and the opposition Labour Party have broken down, throwing the United Kingdom further into political disarray.

Sat, 18 May 2019 02:58:31 GMT

Shares of Pinterest decline by 17%

On Friday, Pinterest's shares edged lower by about 17% after forecast showed that it would take the company two years to become profitable.

Sat, 18 May 2019 02:23:55 GMT

Safe-haven Japanese Yen edges higher

The Japanese Yen edged up against a basket of major currencies on Friday, and the Chinese Yuan hit a six-month low, as the US-China trade war increased concerns about the global economic growth.

Sat, 18 May 2019 02:17:39 GMT

Scholz expects OECD to agree on taxation for digital firms

Olaf Scholz, Germany's Finance Minister, said that he expected the OECD to reach an agreement on minimum taxation for digital firms by 2020.

Fri, 17 May 2019 20:01:16 GMT

Canada manufacturing expands

Manufacturing sales increased 2.1% to $43B in March on better sales of transportation equipment and primary metals, the Statistics Canada reports.

Fri, 17 May 2019 20:00:57 GMT

S. Korean industrial companies report decline in profits

South Korean industrial companies reported a decline in profits in the first quarter of the current year on the global economic slump, data published by the national stock exchange shows.

Fri, 17 May 2019 19:07:29 GMT

China invests $222B in healthcare sector

The Chinese government invested more than $222B in the healthcare sector the previous year, an annual growth of 11.7%, the State Council of the People's Republic of China reports.

Fri, 17 May 2019 19:07:08 GMT

ADB meets with Malaysian PM to discuss loans

The Asian Development Bank President Takehiko Nakao met with the Malaysian Prime Minister Mahathir Mohamad to discuss loans for projects in energy and transportation sectors.

Fri, 17 May 2019 18:02:21 GMT

Samsung to invest $14B in chip plant

Samsung is investing more than $14B to build its chip plant in the northwest China's Shaanxi Province, the Vice President of Samsung China Semiconductor, Hyunki Ji, says.

Fri, 17 May 2019 18:01:33 GMT

China-CEEC agricultural trade expands

The agricultural trade between the Central and Eastern European Countries and China has grown rapidly to $1.2B on an annual basis, the Minister of Agriculture and Rural Affairs Han Changfu says.

Fri, 17 May 2019 17:02:22 GMT

Japanese Abe meets Chinese officials to discuss ties

The Japanese Prime Minister Shinzo Abe met with the Director of the Office of the Foreign Affairs Commission, Yang Jiechi, to discuss bilateral relations.

Fri, 17 May 2019 17:01:33 GMT

Trump postpones auto tariffs

The US President Donald Trump postponed tariffs on imported cars and car parts for half a year to "address the national security threat", the White House reports.

Fri, 17 May 2019 16:35:17 GMT

S. Africa wants more innovation in tourism sector

South Africa wants more innovation in the tourism sector to offer new tourist destinations, the Tourism Minister Derek Hanekom says.

Fri, 17 May 2019 16:31:01 GMT

China: net capital inflow from foreign investors rises

Financial institutions reported capital inflow of $761M from investors in the first three months of 2019, the State Administration of Foreign Exchange reports.

Fri, 17 May 2019 15:34:47 GMT

Pinterest shares drop as annual forecast disappoints

On Friday, Pinterest's shares dropped 17% after the company's annual estimates disappointed investors, raising concerns over the online scrapbook firm's capability to turn into profit in the nearest time.

Fri, 17 May 2019 15:21:51 GMT

Samsung to spend over $14B on China chip factory

Samsung Electronics, South Korea's tech giant, is planning to spend over $14B in its investment's second phase in the memory chip factory in China's city of Xian, the Xinhua news outlet reported on Friday.

Fri, 17 May 2019 13:38:40 GMT

EU removes three islands from tax haven blacklist

The European Union has eliminated Aruba, the Dutch Caribbean island, the UK overseas territory of Bermuda and Barbados from the bloc's tax haven blacklist on Friday, leaving no European area on the list.

Fri, 17 May 2019 13:31:56 GMT

Germany sees OECD to agree on digital tax soon

On Friday, Olaf Scholz, Germany' Finance Minister, stated he expected the OECD to agree on a tax minimal level for the digital firms such as Google, Facebook and Amazon by the middle of 2020.

Fri, 17 May 2019 12:36:21 GMT

Carrefour considers stake sale in China business

The EU largest retailer Carrefour is considering a minority stake sale in its struggling Chinese business and has already started to look for potential buyers, according to Reuters.

Fri, 17 May 2019 12:33:37 GMT

OneConnect hires banks for HK IPO worth $1.0B

OneConnect, the financial technology division owned by Ping An Insurance, has hired Morgan Stanley, Goldman Sachs and JPMorgan to advise on its planned initial public offering in Hong Kong worth up to $1.0B.

Fri, 17 May 2019 10:58:13 GMT

Banks make $50M investments in digital cash system

UBS, Banco Santander, Credit Suisse Group, Barclays and other world's biggest banks invested about $50M to establish a digital cash settlement project that uses blockchain technology.

Fri, 17 May 2019 10:47:30 GMT

SpaceX delays Starlink satellite launch another time

SpaceX has postponed the launch of the Starlink satellite once again for around a week amid inclement weather late on Thursday, seeking to update satellite's software and make a re-check.

Fri, 17 May 2019 10:07:38 GMT

Italy seeks to prevent Piaggio Aerospace from break-up

The Italian government will seek to prevent a break-up of the struggling planemaker Piaggio Aerospace, Luigi Di Maio, the country's Deputy Prime Minister, announced on Friday.

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