News

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Wed, 15 Aug 2018 04:16:32 GMT

Australian wages grow 0.6% in Q2Y2018

The Australian Bureau of Statistics reported on Wednesday that wages grew by limited 0.6% in seasonally adjusted terms during the second quarter of 2018, compared to 0.5% in Q1.

Wed, 15 Aug 2018 02:51:56 GMT

New home prices in China rise 1.1% in July

According to data provided from the Chinese National Bureau of Statistics, new home prices in China rose 1.1% in July in comparison to a previous month.

Wed, 15 Aug 2018 02:50:32 GMT

South Korea's Moon: North Korea summit to result in denuclearisation progress

On Wednesday, the President of South Korea Moon Jae-in claimed that a new summit with North Korea would result in denuclearisation talks progress and the end to 1950-1953 Korean War.

Wed, 15 Aug 2018 02:32:20 GMT

Lockheed wins $2.9B contract for US Air Force

On Tuesday, the Secretary of the US Air Force Heather Wilson claimed that Lockheed Martin Corp has been rewarded $2.9B worth contract for three missile detecting satellites. 

Wed, 15 Aug 2018 02:26:55 GMT

China: US solar tariffs violate WTO trade rules

The Ministry of Commerce of China claimed that the decision of the US to implement additional tariffs on imported renewable energy products seriously harms China's interests and violates WTO trade rules.

Tue, 14 Aug 2018 20:15:27 GMT

Sprint ties up with LG to present 5G smartphone next year

On Tuesday, Sprint Corp stated it had partnered with LG Electronics, the phone manufacturer, as it was planning to present a 5G smartphone in 2019, marking its first 5G electronic device deal.

Tue, 14 Aug 2018 20:10:43 GMT

Kroger plans private label products sale in China via Alibaba

Kroger is planning a sale of the company's private label products in China through Alibaba's Tmall platform, in its first international venture outside the United States.

Tue, 14 Aug 2018 19:09:36 GMT

Alphabet plans $375M investment into Oscar Health

Alphabet is planning to invest $375M in Oscar Health to help it expand to more business and markets segments, the health insurance firm stated on Tuesday.

Tue, 14 Aug 2018 19:06:43 GMT

Sequoia China to attract $6.0B in new fund

Sequoia capital China tied up with the local venture capital fund and the e-commerce powerhouse JD.com, seeking to raise up to $5.81B for a new fund company to target late-stage tech investments.

Tue, 14 Aug 2018 18:07:09 GMT

Tinder founders sue parent company

Founders of the dating app Tinder sued on Tuesday its parent company IAC/InterActiveCorp for deliberately undervaluing its stock and thus avoiding paying billions of dollars.

Tue, 14 Aug 2018 18:06:46 GMT

Uber names new CSO

The ride-hailing company Uber Technologies Inc appointed Matt Olsen as the new Chief Security Officer, the firm said in a statement on Tuesday.

Tue, 14 Aug 2018 17:09:59 GMT

Amazon to open customer service centre in Colombia

Amazon.com Inc announced on Tuesday its intention to open a customer service centre in Colombia which is estimated to employ around 600 people.

Tue, 14 Aug 2018 17:07:45 GMT

Moody's increases rating for Vietnam

The global rating agency Moody's Investors Service has upgraded its rating for Vietnam from B1 to Ba3 and changed the country's outlook to stable.

Tue, 14 Aug 2018 15:54:17 GMT

Erdogan: Turkey to boycott US electronics

The Turkish President Tayyip Erdogan said on Tuesday that Turkey would boycott electronics from the United States, adding that the country would protect its economic independence.

Tue, 14 Aug 2018 15:53:01 GMT

UK's Hunt urges EU to change attitude towards UK

The British Foreign Minister Jeremy Hunt said the possibility of a no-deal Brexit was increasing, so the European Union needed to change its attitude to reach an agreement.

Tue, 14 Aug 2018 15:20:41 GMT

Reuters: China to fasten investment in infrastructure projects

According to Reuters, China is eager to expedite its plans for billion-dollar investment in infrastructure projects in response to slower economic growth and more cautious consumers.

Tue, 14 Aug 2018 15:18:09 GMT

Merkel supports one FM for Euro zone, EU

The German Chancellor Angela Merkel said budget for the Euro zone could be added to that of the European Union, as separate finance ministers for both blocks were not necessary.

Tue, 14 Aug 2018 14:09:15 GMT

KKR plans Indian business listing on local exchange

The investment company KKR & Co is seeking to list its Indian business operations on the country's stock exchange, according to a Financial Times report revealed on Monday.

Tue, 14 Aug 2018 13:38:35 GMT

Unilever signs deal with JD.com to move products across China

China's e-commerce company JD.com agreed to a tie-up with Unilever over moving the products such as Lux soap and Lipton's tea across china between the warehouses, amid Unilever's expansion in the country.

Tue, 14 Aug 2018 13:34:38 GMT

Perry Ellis finishes talks with Randa Accessories over takeover deal

On Tuesday, Perry Ellis International stated it had terminated the talks to be acquired by the privately-owned Randa Accessories Leather, 14 days after the firm raised its bid.

Tue, 14 Aug 2018 12:39:31 GMT

Coca-Cola buys minority stake in Kobe Bryant

Coca-Cola is acquiring a minority stake of the Kobe Bryant's sports drink company, as it seeks to mount the stronger challenge to the top energy drink called Gatorade.

Tue, 14 Aug 2018 12:36:52 GMT

VTG wants Morgan Stanley Infrastructure to sweeten takeover bid

On Tuesday, the rail logistics firm VTG stated on Tuesday it wanted Morgan Stanley Infrastructure to hike its takeover proposal, adding that its suitor had no willingness to do it.

Tue, 14 Aug 2018 10:58:46 GMT

AirAsia sells rest of stake in its JV with Expedia

AirAsia Group, the Malaysian low-cost airline, has sold the remaining 25% stake in the joint venture, it had formed with the travel service Expedia Group, for the price of $60M.

Tue, 14 Aug 2018 10:58:32 GMT

China Literature shares drop on sliding user number

Shares of China Literature plunged 14.6% this Tuesday on a report that its monthly paying user numbers dropped 7% from the previous year and after the firm announced a $2.3B acquisition.

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