News

Note: This section contains information in English only.
Mon, 03 Aug 2020 16:23:35 GMT

China logistics sector expands

The Chinese logistics sector expanded moderately in July, data published by the China Federation of Logistics and Purchasing show.

Mon, 03 Aug 2020 15:32:48 GMT

JAL reports $880M net loss

Japan Airlines reported a net loss of $881.63M in the second quarter of the current year amid the coronavirus pandemic, a statement published by the company shows.

Mon, 03 Aug 2020 13:46:15 GMT

Google to take ADT's 6.6% stake

Alphabet's Google is set to acquire a 6.6% worth stake in ADT Inc, the home security company, in a deal valued at $450M that will allow Google to provide its Nest security devices' customers with service.

Mon, 03 Aug 2020 12:57:54 GMT

Zoom to shift China focus on 'partner-only' model

Zoom Video Communications is set to shift its focus to the partner-only model in China starting from August 23, halting direct sales to the company's users in the region.

Mon, 03 Aug 2020 12:34:29 GMT

SoftBank spends $3.8B on buybacks during month

On Monday, SoftBank Group reported it had spent $3.8B on buybacks of 63.2M shares between the period of July 1 and August 3, as part of the company's repurchase programme.

Mon, 03 Aug 2020 10:45:06 GMT

Marathon Petroleum agrees on Speedway deal

Marathon Petroleum agreed on the US Speedway gas stations sale worth $21B to Seven & i Holdings, the Japanese retail group, almost half a year after the acquisition was frozen due to the coronavirus outbreak.

Mon, 03 Aug 2020 10:32:02 GMT

Microsoft considers buying TikTok's US operations

Microsoft announced it would push ahead with negotiations to buy TikTok's US operations from China's ByteDance, in a potential deal that could restructure the industry of social media as well as inflame crumbling relations between US and China.

Mon, 03 Aug 2020 09:10:01 GMT

Polish factory activity bounces in July

According to the IHS Markit Purchasing Managers' Index, Polish manufacturing activity edged higher in July.

Mon, 03 Aug 2020 08:02:17 GMT

Crude oil prices decline on Monday

Crude oil prices declined on Monday on oversupply concerns. Brent crude futures fell by 0.6%, to $43.25 per barrel by 0642 GMT, while the US WTI crude futures slid by 0.80%, at $39.93.

Mon, 03 Aug 2020 07:03:03 GMT

Lebanese Hitti to resign today

According to Sky News report, Nassif Hitti, the Lebanese Foreign Minister, would submit his resignation letter on Monday, due to the government's poor performance on some issues.

Mon, 03 Aug 2020 05:00:14 GMT

Russia oil output in July unchanged

On Sunday, the Russian Energy Ministry announced that Russia's oil and gas production in July was in line with the OPEC+ agreement.

Mon, 03 Aug 2020 04:00:06 GMT

Trump to take action on China's software firms

Mike Pompeo, the US Secretary of State, announced on Sunday that the US President Donald Trump would take action on the Chinese software firms in the coming days.

Mon, 03 Aug 2020 02:59:02 GMT

Argentina's creditors solicit for global support

Argentina's bondholders have contacted the International Monetary Fund, the US Treasury and the International Capital Market Association for support to change the collective action clauses (CACs).

Mon, 03 Aug 2020 01:44:41 GMT

Siemens Healthineers to acquire Varian

Siemens Healthineers, the German health group, announced on Sunday that it would acquire all shares in the US Varian Medical Systems for $16.4B.

Sun, 02 Aug 2020 19:57:08 GMT

Iranian market reaches new record

On Sunday, the Iranian stock market reached a new record high, indicating that the global stock indices should surge on Monday.

Sun, 02 Aug 2020 18:57:58 GMT

GoodRx files for IPO

It was revealed on Sunday that the drug maker GoodRx had submitted the needed paperwork for an IPO.

Sun, 02 Aug 2020 18:37:06 GMT

Siemens expands research

On Sunday, the German health company Siemens Healthilineers announced that it would buy up Varian Medical Systems.

Sun, 02 Aug 2020 16:55:44 GMT

Demand for jet fuel rises

On Sunday, it was revealed by Reuters that in the past months the demand for jet fuel had grown, as global flights had resumed.

Sun, 02 Aug 2020 15:44:01 GMT

Syria comments on US oil firms

The government of Syria announced on Sunday that US oil firms had signed a deal with the Kurds to start oil extraction in northern Syrian oil fields.

Sun, 02 Aug 2020 15:35:33 GMT

US Fed expects new stimulus

On Sunday, the head of the Minneapolis Fed Neel Kashkari revealed that the US Congress could spend large amounts of funds on the coronavirus relief.

Sun, 02 Aug 2020 13:55:12 GMT

Pelosi slams White House advisor

The US House Speaker Nancy Pelosi stated on Sunday that she had no confidence in Dr. Deborah Birx, the White House coronavirus task force coordinator.

Sun, 02 Aug 2020 13:29:03 GMT

Marathon Petroleum to close two refineries

Marathon Petroleum announced on Saturday permanent closure of its two oil refineries in the states of California and New Mexico.

Sun, 02 Aug 2020 12:38:36 GMT

Ireland evaluates more travel restrictions

The Irish Health Minister Stephen Donnelly stated on Sunday that the government was considering a new set of measures that would limit unnecessary travel in light of the increase of the coronavirus infections.

Sun, 02 Aug 2020 11:37:47 GMT

Switzerland to tighten resrictions

Martin Ackermann, the head of Swiss health advisory body, stated on Sunday that the government should tighten resrictions again amid the increase of coronavirus infections.

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