News

Note: This section contains information in English only.
Thu, 22 Nov 2018 13:28:34 GMT

Amazon resumes shopping on US website after backlash

On Thursday, Amazon.com has resumed its operations on the US website to the Australian shoppers after customers' backlash, the company announced.

Thu, 22 Nov 2018 10:54:46 GMT

Italian Prime Minister comments on budget talks

On Thursday, the Prime Minister of Italy Giuseppe Conte urged all involved parties to tone down the discussions about the Italian 2019 budget. Meanwhile, the European Commission has taken first disciplinary measures against the Italian government.

Thu, 22 Nov 2018 10:54:01 GMT

EU expects to close a Brexit deal on Sunday

It was reported on Thursday that the ambassadors of the European Union's 27 nations are working to reach a Brexit deal at the summit that is scheduled to occur on Sunday.

Thu, 22 Nov 2018 10:36:20 GMT

Turkey's Erdogan, Saudi Crown Prince likely to meet at G20 summit

Turkey's President Tayyip Erdogan is likely to meet Mohammed bin Salman, the Saudi Crown Prince, during their Argentina visit for the G20 meeting, according to Erdogan's spokesman.

Thu, 22 Nov 2018 10:30:18 GMT

Intu Properties extends deadline for suitors for takeover bid

The UK shopping centre Trafford Centre's owner Intu Properties stated on Thursday it had extended its deadline for suitors, including Whittaker's Peel Group, until November 30 to make the formal proposal for the company.

Thu, 22 Nov 2018 09:24:26 GMT

US chipmaker Nvidia to supply China EV firms with AI platform

The US chipmaker Nvidia has closed separate deals with the Chinese electric vehicle companies, SF motors, Xpeng Motors and Singulato Motors, to provide its AI platform Xavier to develop the self-driving technology.

Thu, 22 Nov 2018 09:19:19 GMT

VW, Broadcom close deal to end patent lawsuit

Germany's Volkswagen has closed a deal with the US semiconductor producer Broadcom, aiming to end a patent lawsuit worth billion-dollars, which pitted the automaker against its supplier.

Thu, 22 Nov 2018 07:59:38 GMT

East Timor to acquire Shell's stake in Greater Sunrise natural gas fields

East Timor has agreed to acquire a 26.56% stake of Royal Dutch Shell in the Greater Sunrise gas fields off the Australian northern coast for $300M.

Thu, 22 Nov 2018 07:54:01 GMT

XIO set to sell Israel's Lumenis to CVC

The private equity group XIO is on verge to sell Israel's medical device and equipment firm Lumenis to the British company CVC Capital Partners for about $1.0B.

Thu, 22 Nov 2018 07:39:13 GMT

US Mattress Firm emerges out of bankruptcy

On Thursday, Steinhoff International stated its US arm Mattress Firm had exited from bankruptcy with the access to $525M in exit financing, during two months after filing for the Chapter 11 protection.

Thu, 22 Nov 2018 07:35:05 GMT

GameStop plans Spring Mobile unit's sale

The largest gaming console and video game retailer in the world, GameStop, announced it would sell its business unit Spring Mobile to Prime Communications in a deal worth $700M.

Thu, 22 Nov 2018 06:01:14 GMT

Tesla cuts Model S, X price in China

Tesla was cutting the price of Model S and Model X cars in China by approximately 12%-26%, due to escalating trade war between the US and China.

Thu, 22 Nov 2018 06:00:47 GMT

Canada's Morneau unveil tax break

Canada is likely to allow companies to write off extra capital investments to increase competitiveness, while the US cuts taxes aggressively, Finance Minister Bill Morneau stated.

Thu, 22 Nov 2018 05:08:06 GMT

Google to roll out new rules for political ads before EU vote

Alphabet's Google stated that it is likely to roll out new policy in Europe to increase transparency over political advertisements, ahead of EU elections in 2019 spring.

Thu, 22 Nov 2018 04:54:53 GMT

Japan price growth lacks momentum in October

The Japanese core consumer inflation was unchanged last month from September, as weak household spending kept businesses from rising prices, a sign of no momentum needed to achieve 2% target.

Thu, 22 Nov 2018 03:34:50 GMT

US prosecutors probe Kia, Hyundai vehicle recalls

The US prosecutors investigated Hyundai Motor and affiliate Kia Motors over whether car recalls were made properly, a source stated, causing a slide in companies shares.

Thu, 22 Nov 2018 03:31:31 GMT

Singapore GDP growth below forecast in Q3

Singapore's economy grew at a much weaker pace than expected in the Q3, with the government pointing to further moderation and warning that the US-Sino trade war is likely to hurt growth next year.

Wed, 21 Nov 2018 20:36:59 GMT

Putin to meet Saudi Crown Prince

The Russian President Vladimir Putin will meet the Saudi Crown Prince Mohammed bin Salman Al Saud at the G20 summit in Argentina, the Kremlin says.

Wed, 21 Nov 2018 20:36:17 GMT

Kenya secures $268M USD for Thwake dam

The African Development Bank approved two loans worth $268M for the construction works of the Thwake dam on the Thwake River in the southern region of Kenya.

Wed, 21 Nov 2018 18:45:01 GMT

OECD: global economy at risk

The Organization for Economic Cooperation and Development projects lower global economic growth in 2019 due to political uncertainty in many countries and increased risks of trade conflicts.

Wed, 21 Nov 2018 18:43:30 GMT

US mortgage applications decline

US mortgage applications declined 0.1% last week compared to a week earlier, a survey released by the Mortgage Bankers Association shows.

Wed, 21 Nov 2018 18:24:49 GMT

IKEA to cut 7,500 jobs

The Swedish home furnishings giant IKEA wants to cut 7,500 administrative jobs over the next few years, the Swedish Television SVT reports.

Wed, 21 Nov 2018 18:24:06 GMT

S. Africa inflation increases to 5.1% in October

South Africa's inflation increased to 5.1% in October from 4.9% the previous month, the Statistics South Africa reports.

Wed, 21 Nov 2018 16:03:11 GMT

EZ Finance Ministers support EU move against Italy

Finance Ministers of the Euro zone supported European Commission moves towards increasing discipline in Italy over the country's draft budget for 2019, the President of their group, Mario Centeno, stated on Wednesday.

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