News

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Thu, 09 Aug 2018 04:35:26 GMT

Dada-JD Daojia gets $500M from JD.com, Walmart

Dada-JD Daojia, China's online delivery and grocery firm, stated that it raised $500M from JD.com and Walmart in the latest round of funding.

Wed, 08 Aug 2018 20:06:23 GMT

Pound Sterling declines on Brexit fears

On Wednesday, the British Pound fell to a one-year low level on concerns about the United Kingdom's exit from the European Union.

Wed, 08 Aug 2018 20:06:12 GMT

Oil tumbles on Chinese import data

Oil prices dipped after data showed that China's import decreased in demand, and weighed heavily on worlds equity market, as US technology stocks extended recent gains.

Wed, 08 Aug 2018 19:21:32 GMT

IKEA struggles to keep prices low in India

IKEA set to open its first store in India and make some prices even cheaper than elsewhere to persuade cost-conscious shoppers who like to DIY furniture.

Wed, 08 Aug 2018 19:14:55 GMT

Researchers uncover security flaws in Samsung Galaxy S7 smartphones

Researchers discovered that Samsung's Galaxy S7 smartphones have a security flaw that put millions of its users at risk of hackers.

Wed, 08 Aug 2018 18:18:36 GMT

Tesla board to evaluate CEO Musk's idea

On Wednesday, Tesla Inc's board stated it was evaluating Chief Executive Officer Elon Musk's idea to take the company private.

Wed, 08 Aug 2018 18:14:53 GMT

Oil falters on slowing Chinese demand, as trade wars escalate

On Wednesday, oil prices lost almost 4% of its value, as trade tensions between China and the United States escalated further after data showed Chinese import slowdown in energy demand.

Wed, 08 Aug 2018 17:17:28 GMT

Turkish delegation visits the US to discuss strain relationship

On Wednesday, a Turkish envoy met with John Sullivan, the State Department's No. 2 official to discuss strain relations between the NATO allies.

Wed, 08 Aug 2018 17:14:50 GMT

European stocks decline as pharmaceutical sector falls

European stocks fell on Wednesday as low corporate earnings in the pharma sector weighed heavily on market sentiment, already spoiled by trade tensions.

Wed, 08 Aug 2018 16:18:41 GMT

China becomes second-largest aid donor in South Pacific

Australian think tank Lowy Institute published a report which shows that China has become the second-largest aid donor in South-Pacific region with $1.3B of concessionary loans and donations.

Wed, 08 Aug 2018 16:07:32 GMT

Toyota to recall 20702 cars in Russia

On Wednesday, the standards agency of Russia claimed that Toyota will recall 20702 Toyota cars, including Corolla, Auris and Yaris models, sold between March 2010 and May 2015.

Wed, 08 Aug 2018 15:39:21 GMT

China implements 25% tariffs on $16B US imports

On Wednesday, the Chinese Ministry of Commerce claimed that China is implementing additional 25% import tariffs on $16B worth of US goods from steel to medical equipment.

Wed, 08 Aug 2018 15:35:22 GMT

Deputy Foreign Minister of Turkey to visit the US

On Tuesday, Turkish Foreign Ministry claimed that a newly appointed deputy Foreign Minister of Turkey Sedan Onal is planning to visit Washington to discuss tensions between NATO alliance members.

Wed, 08 Aug 2018 14:33:20 GMT

China power firm halts plans to buy US solar assets

Shenzhen Energy Corp stated it had dropped a bid to acquire three US solar power stations, failing to receive an approval from the US government panel.

Wed, 08 Aug 2018 14:30:21 GMT

Samsung Galaxy S7 devices seemed vulnerable to hacking

Samsung Galaxy S7 smartphones are deemed to have a microchip security flaw, which puts the devices at a high risk to be spied by hackers, the researchers reported to Reuters.

Wed, 08 Aug 2018 13:39:23 GMT

Murray & Roberts rebuffs Aveng merger plan

Murray & Roberts, South Africa's construction firm, announced it had dropped its rival Aveng's plans on a potential merger.

Wed, 08 Aug 2018 13:35:54 GMT

Glencore sees Rosneft deal to be completed in second half

On Wednesday, Glencore stated it was expecting Russia's Rosneft deal on selling its stake to Qatar's sovereign wealth fund to close in this year's second-half.

Wed, 08 Aug 2018 12:38:57 GMT

GE Capital plans sale of energy finance arm for $2.56B

On Wednesday, General Electric financing arm stated it would sell the energy finance division to Starwood Property in a deal worth $2.56B.

Wed, 08 Aug 2018 11:27:58 GMT

CVS Health posts net loss due to impairment charge

The US-based drugstore retailer CVS Health Corp announced a quarterly net loss of $2.56B in Q2Y2018 attributed mainly to a $3.9B goodwill impairment charge.

Wed, 08 Aug 2018 11:22:45 GMT

Thomson Reuters reports $1.31B in revenue, lower operating profit

The news provider Thomson Reuters reported on Wednesday a 2% increase in revenue to $1.31B during the second quarter of 2018, while its operating profit fell 6% to $204M.

Wed, 08 Aug 2018 10:32:37 GMT

Amazon triggers curbside pick-up at stores of Whole Foods

On Wednesday, Amazon.com stated it had launched curbside pick-up at the Whole Foods stores, as part of its strategy to win over the American grocery shoppers.

Wed, 08 Aug 2018 10:29:05 GMT

Bytedance plans attracting $3.0B at up to $75B valuation

China's Bytedance Technology is seeking to raise around $3.0B in it s latest round of funds that could make its valuation surge up to $75B.

Wed, 08 Aug 2018 09:27:48 GMT

Paddy Power Betfair cuts annual estimates amid taxes

Paddy Power Betfair has reduced its annual outlook amid losses from its expanding US business and newly imposed taxes, despite positive revenue and earnings results in the Q2.

Wed, 08 Aug 2018 09:26:38 GMT

Sherborne Investors discusses appointing new Barclays chairman

Sherborne Investors, the activist fund, is in discussion with the UK bank Barclays over appointing a new chairman to make a replacement for John McFarlane.

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