News

Note: This section contains information in English only.
Wed, 10 Oct 2018 19:34:42 GMT

FT: James Murdock is a candidate for Tesla CEO post

On Wednesday, the Financial Times reported that James Murdock, a former Chief Executive of Twenty-First Century Fox Inc and a son of Rupert Murdock, is the next possible candidate for the CEO role at Tesla Inc.

Wed, 10 Oct 2018 18:37:57 GMT

WhatsApp fixes video chat security bug

Facebook's WhatsApp messenger service stated it fixed the latest bug over the platform, which allowed hackers to take over applications of users, answering incoming video call.

Wed, 10 Oct 2018 18:35:07 GMT

Atlanta Fed expects US GDP to grow 4.2% in Q3

The Atlanta Fed's forecast showed that the US economy is likely to expand at a 4.2% annualised pace in the Q3, following the latest data release on wholesale trade and producer prices.

Wed, 10 Oct 2018 17:23:37 GMT

IKEA eyes partnerships to boost online business in Russia

IKEA Group was looking to sign strategic partnership agreements with Russia's companies to strengthen its local online business, the retailer's Russia country manager Pontus Erntell stated.

Wed, 10 Oct 2018 17:21:37 GMT

Philippines anticipates 7% growth from $180B infrastructure plans

The Philippines anticipated the economic expansion to recover to 7-8% target in 2019 despite global uncertainties, pushing ahead with plans related to infrastructure spending, the budget secretary stated.

Wed, 10 Oct 2018 16:15:48 GMT

Lotte Corp to buy $1.9B stake in chemicals affiliate

The South Korean firm Lotte Corp is planning to acquire a stake in its chemicals affiliate Lotte Chemical in a deal valued at $1.93B to improve its efficiency and governance.

Wed, 10 Oct 2018 16:07:19 GMT

Sears shares drop as firm preparing for bankruptcy

On Wednesday, shares of Sears Holdings plunged as much as 30% in early trading, after the report about hiring advisers, as the company is preparing to file for a bankruptcy ahead of a deadline on debt payment.

Wed, 10 Oct 2018 15:04:44 GMT

TransDigm Group to acquire Esterline in $3.6B deal

TransDigm Group, the aircraft parts supplier, agreed to acquire its smaller competitor Easterline Technologies in a deal valued at $3.6B, as it is trying to outrace Airbus and Boeing in the after-sales plane servicing.

Wed, 10 Oct 2018 14:52:34 GMT

GM names ex-CIA official Miscik to board

General Motors has appointed the former official of the Central Intelligence Agency and Kissinger Associates current CEO Jani Miscik to the company's board, the US carmaker stated on Wednesday.

Wed, 10 Oct 2018 14:38:07 GMT

GMF AeroAsia signs partnerships with China CC, Air France KLM

Indonesia's GMF AeroAsia agreed to the deals with China Communications Construction and Air France KLM's aircraft maintenance unit worth a combined $900M, its CEO reported on Wednesday.

Wed, 10 Oct 2018 14:30:45 GMT

US Justice Dept. likely to approve CVS takeover of Aetna

The US Justice Department is likely to grant its approval to the drug retailer CVS Health's takeover of the health insurer Aetna as soon as this Wednesday.

Wed, 10 Oct 2018 13:04:46 GMT

Allseeds plans IPO overseas in next four years

Ukraine's Allseeds is planning to launch an initial public offering overseas in the following four years, the company's CEO Viacheslav Petryshche stated in an interview on Wednesday.

Wed, 10 Oct 2018 12:58:52 GMT

Parkland Fuel to acquire majority stake in SOL Investments

Canada's petroleum product marketer Parkland Fuel has agreed to take a 75% stake in the privately-owned fuel marketer SOL Investments and its subsidiaries in a deal worth $1.21B.

Wed, 10 Oct 2018 12:39:55 GMT

Nvidia seeks to outrace rival Intel with new software

Nvidia Corp, the graphics chipmaker, is seeking to woo business analysts and surpass its rival Intel Corp in the computing market by launching a new software tools on Wednesday.

Wed, 10 Oct 2018 12:34:52 GMT

Snapchat unveils new scripted shows to boost user amount

On Wednesday, Snap has unveiled new scripted shows for Snapchat, the company's photo messaging app, set for a launch this fall, as the company seeks to boost the slowdown in its users.

Wed, 10 Oct 2018 10:53:12 GMT

Deutsche Telekom to release commercial 5G operations in Germany

The CEO of Germany's Deutsche Telekom Tim Hoettges stated that his company was set to launch the commercial 5G operations in the country in 2020, seeking to keep up the network investments pace.

Wed, 10 Oct 2018 10:52:47 GMT

Volvo to use Nvidia's AI computer in next-generation vehicles

On Wednesday, the graphics chipmaker Nvidia stated it would supply its artificial intelligence computer for the next-generation vehicles of the Swedish carmaker Volvo to deliver the autonomous features.

Wed, 10 Oct 2018 10:09:06 GMT

British economy stagnates

The UK's monthly GDP data released on Wednesday showed that the economic growth has stagnated during the last month.

Wed, 10 Oct 2018 10:08:40 GMT

UK expects 5,000 finance job exodus

On Wednesday, UK's Financial Services Minister announced that the government is expecting at least 5,000 financial services jobs to leave the UK on Brexit day.

Wed, 10 Oct 2018 09:14:23 GMT

Australia's Navitas receives $1.4B takeover bid

Australia's Navitas received a $1.4B takeover offer from the local private equity group and its co-founder, sending the tuition provider's shares up 20% on Wednesday.

Wed, 10 Oct 2018 09:09:25 GMT

Vietnam's Vietjet purchases 10 Airbus planes for $1.24B

Vietnam's Vietjet Aviation has signed a $1.24B worth financing deal to eventually acquire up to ten Airbus planes, it announced on Wednesday.

Wed, 10 Oct 2018 08:11:41 GMT

Bain Capital's specialty finance arm plans listing

A specialty finance unit of Bain Capital has filed for the initial public offering with plans to list under the symbol "BCSF" on the NY Stock Exchange.

Wed, 10 Oct 2018 08:08:00 GMT

Trian Fund acquires PPG Industries' 2.9% stake for $690M

Trian Fund Management, the hedge fund of Nelson Peltz, has acquired a 2.9% stake in the coatings and paints maker PPG Industries, in a deal valued at $690M, the WSJ reported on Wednesday.

Wed, 10 Oct 2018 07:38:24 GMT

FamilyMart considers sale of Uny store unit

FamilyMart Uny Holdings is in talks to sell the remaining stake in its Uny merchandise store unit to Don Quijote Holdings, the discount retailer, according to the Nikkei Business magazine report.

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