News

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Mon, 04 Jun 2018 12:36:09 GMT

Japan seeks to launch autonomous vehicle system by 2020

On Monday, Japan's government has announced it could launch a driverless car system in Tokyo by the Olympics in 2020, as the country seeks to boost investment in a new tech to drive the economic growth.

Mon, 04 Jun 2018 12:33:07 GMT

eBay likely to gain 5% stake in Denmark's Adyen

On Monday, the Dutch newspaper said that eBay is likely to gain up to 5% in the Dutch financial technology firm Adyen, as part of their deal with Adyen becoming eBay's primary payments processors.

Mon, 04 Jun 2018 11:07:47 GMT

Mercedes-Benz voluntarily recalls Sprinter cars in Russia

According to the Russian Federal Agency on Technical Regulation and Metrology, Mercedes-Benz is to voluntarily recall 1 426 Sprinter Classic vehicles sold in Russia during Q4Y2017.

Mon, 04 Jun 2018 10:59:57 GMT

Oil weakens on Monday due to higher supply

Oil prices weakened on Monday in response to US oil production hitting a record high and OPEC members considering a boost to the global supply.

Mon, 04 Jun 2018 10:01:59 GMT

DS Smith seeks acquisition of Europac for €1.9B

The British-based international packaging business DS Smith Plc plans to acquire the Spanish rival Europac for €1.9B to strengthen its presence in Western Europe.

Mon, 04 Jun 2018 10:01:10 GMT

Cyberbit receives $30M financing from Claridge Israel

The Israel-based provider of cyber training platforms Cyberbit Ltd has received $30M from Claridge Israel to expand its product base and satisfy the growing demand.

Mon, 04 Jun 2018 09:19:32 GMT

Sentix: investor confidence in Euro zone deteriorates in May

Sentix reported on Monday that its Investor Confidence Index fell to 9.3 in May, compared to 19.2 month-on-month, being affected by lower economic expectations.

Mon, 04 Jun 2018 09:18:02 GMT

Global airlines downgrade 2018 profit forecast

The International Air Transport Association has reduced its profit forecast for the global airline industry to $33.8B in 2018 due to higher fuel costs.

Mon, 04 Jun 2018 08:11:53 GMT

Honda's sales in China drop amid low quality

Honda Motor Co Ltd reported on Monday 15.3% drop of sales in May, which was associated with engine problems caused by collection of excessive amount of petrol in the oil pan.

Mon, 04 Jun 2018 08:02:07 GMT

Putin plans to meet with Kim in September

According to the RIA news agency, the President of Russia Vladimir Putin could have a meeting with North Korean leader Kim Jong Un in the city of Vladivostok in beginning of autumn.

Mon, 04 Jun 2018 07:11:15 GMT

Bain Capital to fund Toshiba acquisitions

The head of Bain Capital in Japan Yuji Sugimoto said on Monday the company will continue providing support to Toshiba Memory in its pursue of M&A deals in the chip industry.

Mon, 04 Jun 2018 07:11:05 GMT

CYBG to acquire Virgin Money

The boards of Virgin Money and lender CYBG agreed on Monday that acquisition of the British bank could result in notable efficiency gains.

Mon, 04 Jun 2018 06:01:18 GMT

Oil prices down amid record-high US production

The price of Brent crude declined by 34 cents or 0.4% on Monday morning, reaching $76.45 a barrel, amid expectations that major oil producers will increase supplies.

Mon, 04 Jun 2018 06:01:13 GMT

Airbus projects strong demand for A330neo

The Airbus Chief Commercial Officer Eric Schulz said on Monday that the company will be able to generate profit from sales of A330neo jet even though it lost a number of contests in Western markets last year.

Mon, 04 Jun 2018 05:16:48 GMT

CR Pharma to make $667M general bid for Jiangzhong Pharma

On Monday, China Resources Pharmaceutical Group announced it would launch a $667M general bid for the entire shares of Jiangzhong Pharmaceutical, following its parent takeover deal.

Mon, 04 Jun 2018 05:13:50 GMT

Spain's Barcelo seeks to bid for HNA's nearly 30% stake in NH Hotel Group

According to Bloomberg and the Expansion newspaper, Spain's Grupo Barcelo is thinking over to make a proposal for HNA's $781M worth shares in NH Hotel Group.

Mon, 04 Jun 2018 04:27:47 GMT

China triggers tax evasion inquiry into TV and film industry

China is set to open a tax evasion probe into its television and film industry, the country's tax bureau announced on Sunday.

Mon, 04 Jun 2018 04:25:01 GMT

UnCredit considers merger with France's rival SocGen

UniCredit, Italy's largest bank, is considering a merger with its French rival Societe Generale SA that could see the EY banks paving the way for banking mergers, the Financial Times reported on Sunday.

Mon, 04 Jun 2018 03:35:02 GMT

Australian business' profits gain in stimulus to consumers spending

Australian business paid out record amounts in wages in the last quarter due to hiring boom, which provided a boost to consumer spending and income.

Mon, 04 Jun 2018 03:33:58 GMT

Australia's retail sales grow 0.4% in April

The Australian Bureau of Statistics stated that the country's retail sales grew seasonally adjusted 0.4% to $26.5M, surpassing forecasts for a 0.3% rise.

Mon, 04 Jun 2018 02:33:16 GMT

Former BoJ Governor sees it difficult to gauge inflation

The former BoJ Governor Masaaki Shirakawa stated that the inflation's accurate measurement became complicated amid the development of services of goods not using traditional structures of pricing.

Mon, 04 Jun 2018 02:32:19 GMT

Australian CommBank agrees record penalty in ML case

Commonwealth Bank of Australia accepted a record $529.3M penalty to settle money laundering charges pressed by Australian financial intelligence agency.

Sun, 03 Jun 2018 20:31:17 GMT

President Trump names Starks as his pick to become FCC member

According to the White House, the US President Donald Trump has nominated Geoffrey Starks to become the Federal Communications Commission's member for the five-year term remainder ending June 30 in 2022.

Sun, 03 Jun 2018 20:27:37 GMT

France likely to sell part or all of Air France stake

France's government is thinking over a sale of its part or an entire Air France KLM 14.3% stake, having received an interest from AccorHotels management, the country's news agency Les Echos stated on Sunday.

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