News

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Sun, 16 Feb 2020 05:56:41 GMT

Airbus' defence division to consider job cuts

The head of Airbus' defence business stated that he would start negotiations with labour representatives over job cuts, as the group retrenches setbacks with A400M military transporter.

Sun, 16 Feb 2020 04:46:49 GMT

Online retailers seek scale back of India's tax

Walmart's Flipkart and Amazon were among online retailers demanding India to rollback a proposed tax over third-party sellers on their platforms.

Sat, 15 Feb 2020 22:36:31 GMT

Jupiter Fund in talks to acquire Merian Global Investors

The UK Jupiter Fund Management confirmed that it entered an advanced talks to acquire Merian Global Investors, the asset manager, from TA Associates.

Sat, 15 Feb 2020 21:05:13 GMT

Toyota to resume work in China

Toyota Motor Corp announced on Saturday that it resume production at its three main plants in China next week.

Sat, 15 Feb 2020 20:01:43 GMT

Breton comments battle for industrial data

Thierry Breton, the EU Commissioner for the Internal Market, stated on Saturday that Europe has all chances to outcompete the US and China in global war on industrial data.

Sat, 15 Feb 2020 19:01:13 GMT

China approves new IPOs

The China Securities Regulatory Commission approved IPOs of Cheersson, a provider of mechanical and industrial components, and Hunan Xiangjia Animal Husbandry, a farm and poultry products producer.

Sat, 15 Feb 2020 18:00:09 GMT

China, Austria to strengthen cooperation

The Chinese State Councilor and Foreign Minister Wang Yi and the Austrian Chancellor Sebastian Kurz agreed to improve cooperation in various areas at a meeting Munich, Germany.

Sat, 15 Feb 2020 17:00:53 GMT

Ping An Bank reports increase in net profit

Ping An Bank, a Chinese joint-stock commercial bank headquartered in Shenzhen, reported a 13.6% increase in net profit in 2019, data from the bank's financial report show.

Sat, 15 Feb 2020 16:00:09 GMT

China container shipping index rises

The average China Containerized Freight Index increased 10.3% to 927.91 in January from the prior month, a report published by the Shanghai Shipping Exchange shows.

Sat, 15 Feb 2020 15:00:59 GMT

China faces slump in holiday travel

China faces a 45% decrease in holiday travel ahead of the annual Spring Festival as various measures have been implemented to limit coronavirus transmission, officials say.

Sat, 15 Feb 2020 14:05:50 GMT

ADB provides Bangladesh $170M for reforms

The Asian Development Bank approved a second loan of $170M to support vital capital market reforms in Bangladesh, a statement published by the bank shows.

Sat, 15 Feb 2020 13:30:54 GMT

New Development Bank to support Chinese provinces

The BRICS New Development Bank will provide financial support for Chinese provinces to combat against the coronavirus outbreak, a report published by the bank shows.

Sat, 15 Feb 2020 12:30:45 GMT

Airbus: US decision to raise tariffs on EU aircraft escalates tensions

The US decision to increase tariffs on planes imported from the EU further escalates trade tensions between the two blocks, the European aircraft maker Airbus says.

Sat, 15 Feb 2020 11:12:34 GMT

Pompeo slams China, Russia policies

The US Secretary of State Mike Pompeo stated on Saturday Western values promoted by the US across the world would prevail over Chinese and Russian attempts to re-create their "empires".

Sat, 15 Feb 2020 10:06:23 GMT

Companies look for Chinese 5G alternatives

Mark Esper, the US Secretary of Defense, stated on Sunday that American companies and its allies were working to find an alternative to Chinese 5G merchants.

Sat, 15 Feb 2020 09:01:16 GMT

China projects end of epidemics

The Deputy Foreign Minister of China Qin Gang on Saturday expressed confidence that the coronavirus epidemics would end soon and the economic recovery would be fast.

Sat, 15 Feb 2020 07:04:12 GMT

Alstom's CEO Viale under investigation

Michele Viale, the head of the Italian Alstom Ferroviaria, was under investigation by Italy's prosecutors over the deadly high-speed train incident that occurred on February 6.

Sat, 15 Feb 2020 05:55:57 GMT

US retail sales increase by 0.3% in January

The US Commerce Department retail sales report showed that consumer spending in the United States rose by 0.3% in January after a weak holiday season.

Sat, 15 Feb 2020 05:02:33 GMT

Beijing imposes 14-day self-quarantine on arrival

On Friday, the state-backed Beijing Daily newspaper reported that Beijing's authorities have imposed 14 days self-quarantine on those people, returning to the capital city.

Sat, 15 Feb 2020 04:03:40 GMT

Kraft Heinz's debt rating cut to "junk" by Fitch

Shares of Kraft Heinz, in which the Brazilian private equity firm 3G and Warren Buffett's Berkshire Hathaway own major stakes, fell by 4% on Friday after Fitch cut the company's credit rate to "junk".

Sat, 15 Feb 2020 03:05:39 GMT

Delta plans to invest $1B to fight air travel climate impact

Delta Air Lines would spend $1B in the next 10 years to fight global air travel climate impact. The company announced on Friday.

Fri, 14 Feb 2020 21:01:56 GMT

US retail sales increase by 0.3% in January

The US Commerce Department retail sales report showed that consumer spending in the United States rose by 0.3% in January after a weak holiday season.

Fri, 14 Feb 2020 20:00:58 GMT

Dow Jones and S&P 500 remain unchanged

The Dow Jones Industrial Average and the S&P 500 traded flat on Friday, as concerns about the coronavirus epidemic in China showed no signs of easing.

Fri, 14 Feb 2020 19:00:33 GMT

Euro bounces against US Dollar

On Friday, the common European currency rebounded against the US Dollar after data showed that the Eurozone GDP grew by 0.1% in the fourth quarter.

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