News

Note: This section contains information in English only.
Mon, 22 Mar 2021 09:31:29 GMT

Foxconn shares surge over 3%

On Monday, Foxconn's shares soared 3.6% after Vingroup, the Vietnam conglomerate, announced its car division had entered early stage negotiations with Foxconn over joint development of batteries and EV parts.

Mon, 22 Mar 2021 07:56:52 GMT

Canadian Pacific to acquire Kansas City Southern

Canadian Pacific Railway has agreed to buy Kansas City Southern in the $25B cash-and-stock deal to establish the first railway encompassing the US, Canada and Mexico.

Mon, 22 Mar 2021 07:37:17 GMT

Crown Resorts gets $6.2B buyout offer

On Monday, Crown Resorts, Australia's casino operator, announced that Blackstone, the private equity firm, had made a buyout offer, valuing the company at $6.19B.

Mon, 22 Mar 2021 06:20:53 GMT

China industrial output rises

The industrial output in China increased 35.1% in the first two months of this year, compared to the same period in 2020, the National Bureau of Statistics reports.

Mon, 22 Mar 2021 05:01:21 GMT

MOC: confidence in China drives FDI

Strong foreign investor confidence drives investment inflow in China as the economy gains momentum, a Ministry of Commerce spokesperson says.

Mon, 22 Mar 2021 03:36:37 GMT

China makes green investment priority

Green investing should be a priority for China to achieve emission and carbon neutrality goals, the governor of the People's Bank of China Yi Gang says.

Sun, 21 Mar 2021 22:23:20 GMT

China approves four new IPO

The China Securities Regulatory Commission approved IPO applications of Changchun Engley Automobile Industry, Shanghai Action Education Technology, Ficont Industry and Suzhou Huaya Intelligence Technology.

Sun, 21 Mar 2021 20:42:42 GMT

Ford slows down production

Ford Motor Co stated on Sunday that it was forced to decrease production in the US due to semiconductors shortage.

Sun, 21 Mar 2021 20:26:43 GMT

Lira plunges after Erdogan's move

The Turkish Lira lost nearly 16% of its value after President Erdogan appointed Sahap Kavcioglu as the new Central Bank's Governor.

Sun, 21 Mar 2021 19:27:30 GMT

Trump to have own media platform

One of Donald Trump's senior advisers stated on Sunday that the former President would launch his own social media platform in coming months.

Sun, 21 Mar 2021 18:00:22 GMT

Canadian Pacific to acquire Kansas City Southern

On Sunday, Canada's Pacific Railway announced that it has reached an agreement to acquire Kansas City Southern for $25B.

Sun, 21 Mar 2021 16:59:34 GMT

China to step up imports of high-quality goods

China will increase high-quality imports of goods and services as the country's economy recovers, the Chinese Vice Premier announced on Sunday.

Sun, 21 Mar 2021 15:56:39 GMT

Saudi Aramco to prioritize China's energy security

Saudi Aramco will continue to prioritize energy supply to China for the next 50 years, the company's Chief Executive Officer Amin Nasser said on Sunday.

Sun, 21 Mar 2021 14:36:45 GMT

Turkey's Kavcioglu to lower inflation

The Turkey's Central Bank Governor Sahap Kavcioglu stated on Sunday that he would continue the course on lowering inflation and strengthen the national currency.

Sun, 21 Mar 2021 13:19:30 GMT

Saudi Aramco adjusts spending plans

Saudi Aramco stated on Sunday that it had slightly reduced its initial spending plans despite a hope for a rebound in the Asian market this year.

Sun, 21 Mar 2021 12:12:20 GMT

Canadian Pacific to expand in US

Canadian Pacific Railway Ltd announced on Sunday that it would buy the US Kansas City Southern for $25B to create a railway network connecting all three North American states.

Sun, 21 Mar 2021 10:46:26 GMT

Renesas needs month to restart chip line

Japan's Renesas Electronics, the key supplier of automotive semiconductors, stated that production at a fire-damaged factory is likely to take a month to restart.

Sun, 21 Mar 2021 09:46:13 GMT

Infineon sees revenue hit amid US outage

German chipmaker Infineon announced its expectations for a quarterly revenue decrease from a production outage at its plant in the US, Austin, caused by last month's snowstorm.

Sun, 21 Mar 2021 08:53:03 GMT

Coinbase pays $6.5M in false reporting charge

The US CFTC stated that Coinbase paid $6.5M to settle charges for reporting deceptive transaction data, which potentially boosted the trading volume on the GDAX platform.

Sun, 21 Mar 2021 08:12:22 GMT

Saudi Aramco to slash capex

Saudi Arabian oil giant Aramco is set to reduce capital expenditure after the report on a 44.4% drop in the last year's net profit, affected by lower crude oil prices and sales.

Sun, 21 Mar 2021 06:56:11 GMT

Senior US officials say talks with China useful

On Friday, top US officials announced that talks with China had been useful, however, they did not highlight any concrete outcomes.

Sun, 21 Mar 2021 06:01:29 GMT

China hits 70M COVID-19 vaccinations

As reported by the Chinese CGTN television network, China has administered 70M doses of the Covid-19 vaccine.

Sun, 21 Mar 2021 04:58:24 GMT

Jiechi comments on Sino-US talks

As reported by China's state media CGTN, Yang Jiechi, the Director of the Central Foreign Affairs Commission Office for China, stated that Sino-US talks were candid.

Sun, 21 Mar 2021 04:01:51 GMT

Ukrainian court freezes Sich's assets, shares

Ukraine's court has frozen the property and shares of aerospace firm Motor Sich as a part of a felony investigation, the Ukrainian SBU announced on Saturday.

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