News

Note: This section contains information in English only.
Fri, 24 Aug 2018 03:24:34 GMT

China's official: US tariffs to affect high-tech industries

The Chinese state planner stated that tariffs imposed by the US on Chinese high-tech products are likely to impact high-technology industries in both the US an China.

Thu, 23 Aug 2018 19:56:02 GMT

Italian minister opposes idea CDP acquiring Autostrade stake

On Thursday, Danilo Toninelli, Italy's Transport Minister, dismissed the idea of the state lender CDP acquiring a stake in Autostrade per l'Italia, the toll road operator, La Verita newspaper reported.

Thu, 23 Aug 2018 19:55:52 GMT

Crypto exchange Bittrex ties up with broker Rialto over trading venue

The American cryptocurrency exchange Bittrex has teamed up with Rialto Trading, the registered broker-dealer, to offer trading venue for the blockchain-based digital assets, both firms stated on Thursday.

Thu, 23 Aug 2018 19:17:01 GMT

Brazil's Usiminas plans stake sale in miner Musa

Brazil's steelmaker Usiminas is seeking to sell its 70% stake in the Musa mining company by hiring Banco BTG Portugal, in a deal that could be valued at $255.6M.

Thu, 23 Aug 2018 19:11:52 GMT

Hutchison to win EU approval for Veon takeover

CK Hutchison is set to gain the European approval for its $2.8B deal to acquire Veon from Italy's joint venture, sources familiar with the takeover deal reported.

Thu, 23 Aug 2018 18:10:57 GMT

Italy warns about suspension of EU funding in case of no migrant deal

On Thursday, the Deputy Prime Minister of Italy Luigi Di Maio claimed that he and his party will vote for EU funding suspension if Italy's European partners could not agree on a new migrant deal. 

Thu, 23 Aug 2018 18:10:44 GMT

Beijing expresses concern over Huawei 5G ban in Australia

On Thursday, the Foreign Ministry and the Commerce Ministry of China expressed concern regarding the recent ban of Huawei from 5G mobile network, urging Australian authorities to provide a fair competition for Chinese companies.

Thu, 23 Aug 2018 17:31:28 GMT

Mexico wants banks and fintech to increase financial inclusion

On Thursday, Arturo Herrera, the Deputy Finance Minister of Mexico claimed that the new Mexican government will look to corporate banks and fintech companies to increase financial inclusion in Mexico. 

Thu, 23 Aug 2018 17:24:41 GMT

Saudi Arabia to borrow $12B from international banks

On Thursday, the Financial Times reported that the sovereign fund of Saudi Arabia is planning to borrow $12B from international banks after IPO of the oil giant Saudi Aramco was put on hold.

Thu, 23 Aug 2018 16:02:30 GMT

Air France to stop its flights to Tehran starting September

Air France KLM is planning to end flights to Tehran starting September 18 due to a weak demand, the carrier's spokesman stated on Thursday.

Thu, 23 Aug 2018 15:56:22 GMT

Ford's official appointed as US Special Representative to DPRK

On Thursday, the US State Secretary Mike Pompeo stated that the Vice President of Ford carmaker Stephen Biegun had been named as the US Special Representative to North Korea.

Thu, 23 Aug 2018 15:24:03 GMT

Goldman Sachs launches digital consumer platform in UK

Goldman Sachs opened a digital consumer savings bank Marcus in Britain, targeting its own staff, an internal memo seen by Reuters showed on Thursday.

Thu, 23 Aug 2018 15:18:34 GMT

VW to make $4.0B investment to establish digital businesses

Volkswagen plans a $4.0B investment by 2025 to establish digital products and businesses , including cloud computing software to connect customers and cars to propose services such as car-sharing.

Thu, 23 Aug 2018 14:38:29 GMT

Panasonic ties up with Japan Display's unit over OLED panel-making process

On Thursday, Panasonic stated it had teamed up with Japan Display's affiliate to licence out the low-cost OLED panel-making process, which could become an alternative to the South Korean manufacturers' conventional method.

Thu, 23 Aug 2018 14:33:19 GMT

Siemens likely to cut 20K jobs amid "Vision 2020" strategy

Siemens, the German engineering giant, is considering to cut 20K job positions as part of the "Vision 2020" strategy, according to Manager Magazine.

Thu, 23 Aug 2018 13:33:59 GMT

US initial jobless claims drop 2K last week

The number of applications for US unemployment benefits fell to 210K in the week ending August 18, while analysts anticipated a surge to 215K, the Labor Department reported.

Thu, 23 Aug 2018 11:51:59 GMT

Glencore gets approval for its Chevron assets bid

On Thursday, South African competition watchdog granted its approval to Glencore for its $900M bid for Chevron's Botswana and local assets, raising its chances to beat a rival offer from China's Sinopec.

Thu, 23 Aug 2018 11:51:44 GMT

British watchdog launches inquiry into Sainsbury-Asda deal

The UK competition watchdog has launched a formal inquiry into the proposed $9.31B worth deal to merge supermarket chains, Sainsbury and Walmart's Asda.

Thu, 23 Aug 2018 11:38:14 GMT

Net migration of EU citizens to UK drops to six-year low

Net EU migration into Britain plunged to 87K citizens, the lowest since 2012, compared to 123K Europeans the previous year, according to the ONS.

Thu, 23 Aug 2018 11:31:41 GMT

Alibaba Q1 revenue soars 61%, tops estimates

The world's largest online retailer Alibaba Group Holding reported on Thursday its Q1 revenue rose 61%, beating analysts' expectations, and helped by the core e-commerce business growth.

Thu, 23 Aug 2018 10:18:13 GMT

European migration to UK falls

The net migration of EU citizens to the United Kingdom has fallen to the lowest level since March of 2012.

Thu, 23 Aug 2018 10:17:39 GMT

Panasonic licenses out OLED production

On Thursday, Panasonic Corporation announced that the company will license its OLED panel-making process to Japan Display.

Thu, 23 Aug 2018 09:18:55 GMT

Goldman Sachs sells new London HQs in £1.17B deal

Goldman Sachs announced on Wednesday it secured a £1.17B sale of its unfinished London-based headquarters to the South Korean National Pension Service ahead of staff moving next year.

Thu, 23 Aug 2018 09:16:52 GMT

Ryanair resolves pilots dispute with Irish union

On Thursday, Ryanair has reached an agreement in pilots dispute with its Irish trade union, sending the carrier's shares 5.4% higher on the news.

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