News

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Wed, 01 Aug 2018 08:33:21 GMT

India's Flipkart launches loyalty programme to rival Amazon Prime

Flipkart, India's online retailer, is set to launch its second loyalty programme by the end of this month, as it seeks to outrace its rival Amazon.com's Prime plan and boost customer retention.

Wed, 01 Aug 2018 08:11:54 GMT

Scooter rental firm Bird enters Europe, Israel

The scooter rental service Bird rolled into Paris, after its launch in Israeli Tel Aviv, the company announced on Tuesday, adding it would begin with small pilot programmes of 50-100 scooters.

Wed, 01 Aug 2018 07:36:48 GMT

China Tower attracts $6.9B in world's largest listing

China Tower Corp has raised $6.9B in the world's largest initial public offering within two years, sources close to the matter reported on Wednesday.

Wed, 01 Aug 2018 06:31:59 GMT

Cosmax CEO drops two takeover bids, seeks to be independent

The South Korean Cosmax's CEO stated on Wednesday he had rejected two buyout proposals from large conglomerates during the past year, as he sought his company to stay independent.

Wed, 01 Aug 2018 06:29:22 GMT

Dialog Semiconductor terminates talks to acquire Synaptics

On Tuesday, Dialog Semiconductor it has halted talks with Synaptics over a potential takeover of the US touch-pad technology firm, with no reason disclosed.

Wed, 01 Aug 2018 04:57:19 GMT

Indonesia's inflation reaches 3.18% in July

The Central Statistics Bureau reported on Wednesday that inflation in Indonesia rose to 3.18% year-on-year in July due to higher commodity prices.

Wed, 01 Aug 2018 04:55:15 GMT

Iran not to terminate deal with aviation giants

The Iranian Deputy Minister Asghar Fakhrieh Kashan said Iran would not terminate contracts with Boeing, Airbus and ATR despite them being under US pressure.

Wed, 01 Aug 2018 04:17:48 GMT

Reuters: Trump to propose higher tariff on Chinese imports

According to Reuters, the Trump administration is set to propose a 25% tariff on Chinese imports worth $200B, thus increasing the previously-set number by 15%.

Wed, 01 Aug 2018 04:16:17 GMT

Oil weakens after API report on crude inventories

Oil prices declined on Wednesday in response to the American Petroleum Institute reporting a sudden 5.6M barrel increase of domestic crude inventories last week.

Wed, 01 Aug 2018 02:57:07 GMT

Davon Energy profit below estimates as oil, costs hedges weigh

Devon Energy, the US oil producer, missed Wall Street estimates for the company's quarterly profit, as the misplaced bet on the oil prices' direction offset higher oil production, while expenses grew.

Wed, 01 Aug 2018 02:52:12 GMT

South Korea factory activity shrinks for fifth month

Factory activity in South Korea shrunk for a fifth month in succession in July, showing the worst drop since November 2016, as both output and new orders contracted, a private survey revealed.

Wed, 01 Aug 2018 02:32:30 GMT

China's manufacturing growth weakest since January

The Chinese manufacturing sector grew at the weakest pace in eight months last month, as export orders fell, indicating a darker outlook for businesses and the economy due to an intensifying trade conflict with the US.

Wed, 01 Aug 2018 02:25:34 GMT

Baidu tops revenue, profit expectations

China's internet search major Baidu surpassed expectations for its quarterly revenue profit on the back of solid growth in the core business of online advertisement.

Tue, 31 Jul 2018 20:30:22 GMT

Bayer plans prescription dermatology brands sale

Bayer is planning a sale of its prescription dermatology brands to Leo Pharma, amid the German drugmaker's intention to focus on Monsanto, the integrating seed maker, and on boosting the drug development pipeline.

Tue, 31 Jul 2018 20:23:16 GMT

SS&C to acquire Eze Software in $1.45B deal

SS&C Technologies Holdings, the financial software developer, announced on Tuesday it is set to acquire TPG Capital's Eze Software in a $1.45B cash deal, to expand its services to buy-side investment companies.

Tue, 31 Jul 2018 19:01:52 GMT

Nigeria's Senate President Saraki re-joins opposition party PDP

The Nigerian Senate President Bukola Saraki said in a tweet on Tuesday that he will be re-joining the People's Democratic Party, which is the main opposition party in Nigeria.

Tue, 31 Jul 2018 19:00:11 GMT

President Trump says collusion is not a crime

US President Donald Trump again criticized Special Counsel Robert Mueller's investigation into Russia and the 2016 US Presidential election on Tuesday, saying that collusion is not a crime.

Tue, 31 Jul 2018 18:13:54 GMT

Oil price slides lower as Russia and OPEC boost output

Oil prices edged lower on Tuesday and gradually moving towards its largest monthly decline in almost two years after Russia and OPEC output hit a 2018 high in July.

Tue, 31 Jul 2018 18:02:53 GMT

US Dollar raises and global equity markets rebound on US-Sino talks

US Dollar rose against the Yen on Tuesday after BoJ said it plans to keep interest rates lower, while global equity markets rebounded on report that China and the US hoped to resume talks over trade war.

Tue, 31 Jul 2018 17:30:59 GMT

EPA: Cummins recalls 500,00 trucks due to faulty emissions

The US Environmental Protection Agency stated on Tuesday that Cummins Inc has agreed to recall 500,000 heavy and medium-duty trucks produced around 2010 and 2015 due to faulty emissions.

Tue, 31 Jul 2018 17:28:44 GMT

NYT: Facebook discovers New fake accounts to influence political campaign

The New York Times reported on Tuesday that Facebook has discovered ongoing campaign to influence November mid-term election through dozens of fake accounts.

Tue, 31 Jul 2018 16:35:21 GMT

BMW to invest €1B in Hungarian plant

On Tuesday, BMW AG claimed that it is planning to invest €1B to build a new factory in Hungary, planning to refocusing production and logistics network in Europe. 

Tue, 31 Jul 2018 16:29:10 GMT

Pfizer lowers its 2018 revenue forecast

On Tuesday, Pfizer Inc lowered 2018 revenue forecast, naming strong dollar as the main reason of that, and increased amount of funds on research and development.

Tue, 31 Jul 2018 15:32:44 GMT

eMusic plans to attract $70M for blockchain music platform

eMusic, the US-Israeli digital music shop, stated on Tuesday it would raise about $70M to establish a blockchain music service to ensure service providers and artists get fair revenue shares.

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