News

Note: This section contains information in English only.
Thu, 12 Jul 2018 04:55:07 GMT

Finance affiliate of JD.com raises $2B

JD.com's finance affiliate stated that it signed agreements with investors to raise $1.96B and reach the total valuation of almost 20B by the end of fundraising.

Thu, 12 Jul 2018 04:42:49 GMT

Tiger Global gets $1B stake in SoftBank

The US hedge fund Tiger Global took a stake worth more than $1B in SoftBank Group, as it considers Japan's firm to be undervalued, causing a 6.8% increase in SoftBank shares.

Thu, 12 Jul 2018 04:39:15 GMT

US crude exports to India grow ahead of Iran sanctions

The US exports of crude oil to India reached a record last month and this year would double last year's total as Asia's nation's refiners are set to replace supplies from Venezuela and Iran.

Thu, 12 Jul 2018 03:09:36 GMT

Comcast tops Fox's offer for Sky

Comcast raised the all-cash offer for the UK's Sky to $34B, topping an increased bid of $32.5B for the pay-TV group from Twenty-First Century Fox.

Thu, 12 Jul 2018 03:09:06 GMT

Walmex's e-commerce VP: groceries to fuel online business

Wal Mart de Mexico's new e-commerce Head planned to play to the company's strengths in deliveries of groceries to help the retailer stand apart from its rivals, such as Amazon.com Inc and MercadoLibre.

Thu, 12 Jul 2018 02:33:53 GMT

Broadcom plans to buy software firm CA for $19B

Broadcom planned to acquire the US business software firm CA in a $19B deal in a bid to diversify the company beyond semiconductors, but analysts of Wall Street were immediately sceptical.

Thu, 12 Jul 2018 02:29:19 GMT

Walmart to quit Japan with Seiyu sale

The US retailer Walmart announced the decision to sell Japan's supermarket chain Seiyu and approached private equity funds and major retailers, the Nikkei reported on Thursday.

Wed, 11 Jul 2018 20:16:28 GMT

Uber's CPO resigns amid racial claims

Liane Hornsey has resigned from her position as the Chief People Officer of Uber Technologies Inc in relation to improper handling of racial discrimination within the company.

Wed, 11 Jul 2018 20:09:10 GMT

Withdrawals from Janus Henderson Fund reach $615M

According to Morningstar, US investors continued to withdraw funds from the Janus Henderson Global Unconstrained Bond Fund in June, with the total amount reaching $615M in 2018.

Wed, 11 Jul 2018 19:18:11 GMT

FDI in Chile reaches record high in Jan-Apr

InvestChile reported on Wednesday that foreign direct investment in Chile reached a record-high of $8.48B during the first four months of 2018.

Wed, 11 Jul 2018 19:17:05 GMT

EU criticises Malta for AML application

The European Banking Authority has criticised Malta for its application of EU anti-money-laundering rules, saying that it has discovered ‘general and systematic shortcomings'.

Wed, 11 Jul 2018 18:12:08 GMT

Taxi drivers in Kenya reach agreement on better working conditions

The Transport Ministry of Kenya agreed on Wednesday to increase pay and provide better working conditions for drivers of taxi hailing firms.

Wed, 11 Jul 2018 18:08:38 GMT

BoE: banks lack auditors for rotation

According to the Bank of England, banks have limited choice of auditors that must be changed periodically under the EU law, as this sector is dominated by the Big Four companies.

Wed, 11 Jul 2018 17:07:15 GMT

Oil falls amid increased supply, trade tensions

The price of oil futures declined considerably on Wednesday, driven by increased supply from Libya and trade tensions between China and the United States.

Wed, 11 Jul 2018 17:05:54 GMT

ECB gives more time to secure against NPLs

The European Central Bank said it would give Euro zone banks more time to secure against non-performing loans if their soared debt is at a considerably high level.

Wed, 11 Jul 2018 15:51:04 GMT

Trump remains optimistic after meeting Macron

After the leaders of the United States and the French Republic met both sides announced that issues regarding defence and trade will be solved.

Wed, 11 Jul 2018 15:50:57 GMT

Trump bashes Germany at NATO summit

On Wednesday, as leaders gathered for the NATO summit, Donald Trump announced that due to its energy policy Germany is now a captive of Russia.

Wed, 11 Jul 2018 15:00:53 GMT

Emergency bank funding drops in Greece

The central bank emergency funding to lenders in Greece decrease in June by almost 24%, compared to previous months.

Wed, 11 Jul 2018 15:00:10 GMT

CEO of Pfizer met with Trump

The Chief Executive Office of Pfizer on Tuesday had met with the US President Donald Trump to discuss the pricing of Pfizer drugs.

Wed, 11 Jul 2018 13:52:21 GMT

Israeli software provider Monday.com attracts $50M

Monday.com, Israel's management software provider, announced on Wednesday it had raised $50M in a funding round, taking the total attracted so far to $84M.

Wed, 11 Jul 2018 13:52:09 GMT

Apple could breach Japan's antitrust measures with iPhone

On Wednesday, Japan's watchdog stated that Apple might have breached the country's antitrust requirements by making the providers of mobile services to sell iPhones cheaply, charging higher monthly fees.

Wed, 11 Jul 2018 13:19:15 GMT

Australia aims to bar Huawei from 5G network project

Australia is getting ready to bar Huawei technologies from supplying its equipment for the 5G network project, citing securities concerns alleging Beijing to hand over the sensitive data.

Wed, 11 Jul 2018 13:13:17 GMT

Uber's CPO Hornsey quits after discrimination probe

Liane Hornsey, the Chief People Officer of Uber Technologies, has stepped down from her position on Tuesday in an email addressed to staff, after being involved in the racial discrimination probe.

Wed, 11 Jul 2018 12:37:44 GMT

Juneyao Airlines makes $1.9B investment for stake in China Eastern

Juneyao Airlines has invested $1.9B together with its parent for a nearly 5% stake in the state-controlled China Eastern Airlines, adding it is in line with China's policy.

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