News

Note: This section contains information in English only.
Tue, 20 Feb 2018 15:50:36 GMT

UK urges EU to work together on Brexit deal

David Davis, the Brexit Minister, stated that Britain and the EU could reach an agreement to access market and promised that the UK government is unlikely to use Brexit to reduce regulation.

Tue, 20 Feb 2018 15:31:25 GMT

Xerox top shareholders seek firm's sale to rivals

Xerox's shareholders Darwin Deason and Carl Icahn urged the US company on Tuesday to sell itself to one of its competitors or a private equity firm.

Tue, 20 Feb 2018 15:17:59 GMT

Swedish PM to visit Trump at White House

The US President Donald Trump is set to host the Prime Minister of Sweden Stefan Löfven at the White House on March 6 due to the Nordic region's concerns over the Russian military build-up.

Tue, 20 Feb 2018 14:33:25 GMT

Gap's CEO Jeff Kirwan to step down from his post

On Tuesday, Gap Brand announced its Chief Executive Jeff Kirwan was eager to leave the retailer; the news that sent company's shares down 6.5% in pre-market trading.

Tue, 20 Feb 2018 14:27:10 GMT

Airbnb to face €300K fine for illegal rentals

Spanish Balearic Islands is set to fine the rental service Airbnb €300K for the unregistered homes advertising in Mallorca on its web-platform.

Tue, 20 Feb 2018 13:34:20 GMT

Airbus views no demand for larger A350 for now

Airbus executive stated on Tuesday the planemaker was not planning a bigger A350 jet for now and would focus on the aircraft existing version development.

Tue, 20 Feb 2018 13:29:42 GMT

Walmart shares drop on slowing sales growth

On Tuesday, shares in Walmart plunged 6% in a pre-market trade, following the company's report on a slowing online sales growth in the key holiday quarter.

Tue, 20 Feb 2018 12:11:00 GMT

Home Depot posts better-than-expected sales and profit

On Tuesday, Home Depot reported its profit rose 2% to $1.78B, while sales surged 7.5% in the Q4, topping analysts' expectations for 6.5%, according to Reuters.

Tue, 20 Feb 2018 12:10:50 GMT

SimCorp shares hits record-high amid strong Q4

Shares in the Danish software maker SimCorp surged 8.5% to the highest level of 399.60 crowns in half a year on Tuesday, following the company's report on a strong growth in its Q4.

Tue, 20 Feb 2018 11:31:40 GMT

Albertsons seeks to acquire Rite Aid's part

The US grocery chain operator Albertsons is planning to buy the Rite Aid's part that Walgreens Boots Alliance is not buying, representing its total value at about $24B, including debt.

Tue, 20 Feb 2018 11:22:14 GMT

German SPD launches vote on Merkel's deal

The German Social Democrat Party are set to begin the vote on whether the SPD should join Angela Merkel's Conservatives in a new coalition in the Tuesday's postal ballot.

Tue, 20 Feb 2018 10:30:06 GMT

Adecco acquires US online recruitment firm Vettery

The staffing firm Adecco acquired the US-based digital recruitment company Vettery, not disclosing the price of a deal, as it seeks to expand its footprint in the market.

Tue, 20 Feb 2018 10:26:56 GMT

Israel's OrCam valued at $1B, ready for IPO

The Israeli visual aid company OrCam had been valued at $1B after completing a funding round, paving its way for the planned IPO, the firm's CEO stated on Tuesday.

Tue, 20 Feb 2018 09:33:20 GMT

Uber CEO views flying taxis commercialisation in 10 years

On Tuesday, Uber Technologies' CEO Dara Khosrowshahi stated he could see commercialisation of the company's Air flying taxi service within the next five to ten years.

Tue, 20 Feb 2018 08:34:14 GMT

Australian state branch pulls support for Deputy PM amid sex row

The Australian Deputy Prime Minister Barnaby Joyce has lost his support of the Australian National Party's state branch amid his connection to a sex scandal.

Tue, 20 Feb 2018 08:30:00 GMT

South Korea, US to announce polans for joint drill soon

According to the South Korean Defence Minister, the plans on a delayed joint military drill with the United States will be announced before April, after the end of the Winter Olympics and Paralympics.

Tue, 20 Feb 2018 07:31:47 GMT

LVMH names new CEO for Fendi fashion house

The luxury goods conglomerate LVMH has appointed Serge Brunschwig as the new Chief Executive Officer of the Fendi fashion house.

Tue, 20 Feb 2018 07:27:59 GMT

Investors speculate over South Africa's new cabinet composition

Investors expect that the new South African President Cyril Ramaphosa could introduce changes to his cabinet, thus speculating about the future of the country's Finance Minister.

Tue, 20 Feb 2018 06:05:27 GMT

Minnesota, 3M head to $5B trial on Tuesday

The US state of Minnesota will be heading to trial on Tuesday in an attempt to force 3M Co. to pay a $5B fine for the environmental damage caused by the company.

Tue, 20 Feb 2018 05:55:04 GMT

South Korea to hold talks with GM over four plants

The South Korean Finance Minister Kim Dong-yeon said the government would meet with the US-based General Motors to negotiate the future of its four plants in the country.

Tue, 20 Feb 2018 05:23:48 GMT

Sony will form joint venture to develop taxi-hailing system in Japan

Sony Corp is to join forces with six domestic firms in order to develop an artificial intelligence-based taxi-hailing system for the Japanese market.

Tue, 20 Feb 2018 05:18:12 GMT

HSBC's pre-tax profit climbs 142% in 2017

The pre-tax profit of HSBC Holdings rose by 142% to $17.2B in 2017, compared to $7.1B year-on-year, while revenues increased from $48B to $51.4B during the same period.

Tue, 20 Feb 2018 04:32:35 GMT

GM offers debt of $2.2B for equity swap in exchange for Seoul's support

General Motors suggested to convert $2.2B debt owed by ailing South Korea's operation in return for tax benefits and financial support from Seoul.

Tue, 20 Feb 2018 04:31:39 GMT

Samsung to cut OLED panel production amid weak iPhone X demand

Samsung Electronics stated that it would cut output of OLED panels in respond to the company's client Apple decision to slash iPhone X production due to weak demand.

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