News

Note: This section contains information in English only.
Mon, 20 Aug 2018 14:09:32 GMT

China's VP calls for financial support for SMEs

On Monday, the Chinese Vice Premier Liu He staid the country should boost its capital market and provide financial support from SMEs, small and medium enterprises.

Mon, 20 Aug 2018 14:00:47 GMT

Moscovici sees Greece on way towards sustainable recovery

The EU Commissioner Pierre Moscovici stated on Monday that Greece was moving towards sustainable recovery, adding he saw the country's economy to expand about 2% this year.

Mon, 20 Aug 2018 13:33:03 GMT

UK's Gatwick posts flight info on white boards amid IT glitch

Gatwick, the British second busiest airport, had to show all the information related to flights on white boards this Monday, following an IT glitch made its digital screens fail.

Mon, 20 Aug 2018 13:25:32 GMT

Britain's Farfetch plans listing on New York SE

On Monday, the British luxury retailer Farfetch announced it was planning a listing on the NYC Stock Exchange, seeking to capitalise on fast growth in the luxury sales online.

Mon, 20 Aug 2018 11:30:33 GMT

China's Sany Group seeks $2.0B spin-off

Sany Group, the Chinese heavy machinery maker, is planning to spin off four businesses and is considering to tap private equity firms as investors in a deal that could be valued at $2.0B.

Mon, 20 Aug 2018 11:25:46 GMT

Rocket Internet's CFO Kimpel resigns

On Monday, Germany's Rocket Internet announced its Chief Financing Officer Peter Kimpel had quitted with intention to pursue new management challenge.

Mon, 20 Aug 2018 09:55:57 GMT

Stock markets surge on Monday

Various Asian and European stock market indices surged on Monday, as US and Chinese trade talks increased optimism.

Mon, 20 Aug 2018 09:55:30 GMT

Erdogan deals with crisis

The President of Turkey on Monday cast the Turkish currency crisis into religious and patriotic terms in an effort to quell the anger caused by the drop of the Lira.

Mon, 20 Aug 2018 08:52:23 GMT

British regulator fines KPMG £3.0M for Ted Baker's audit misconduct

Britain's Financial Reporting Council fined KPMG £3.0M, reprimanding Michael Francis Barradell, the group's senior partner, for a misconduct on the UK fashion retailer Ted Baker's audit.

Mon, 20 Aug 2018 08:52:07 GMT

Noble Group's founder not to take up Executive Director position

On Monday, Noble Group, the embattled commodity trader, announced its founder Richard Elman had declined the Executive Director role in the restructured firm, citing personal reasons.

Mon, 20 Aug 2018 08:14:08 GMT

Apple erases illegal lottery apps from Chinese store

On Monday, Apple said it had removed the illegal lottery apps from the China App Store due to tightening regulation and criticism from the state media.

Mon, 20 Aug 2018 08:09:03 GMT

PepsiCo to acquire SodaStream for $3.2B

PepsiCo is set to acquire the household drink-machine producer SodaStream in a deal valued $3.2B or $144 a share in cash, it announced on Monday.

Mon, 20 Aug 2018 06:59:01 GMT

Firms raises takeover interest in Hess Corp's Asia assets

The US energy group Hess Corp's Southeast Asian natural gas assets attracted a takeover interest from the companies including Austria's energy group OMV and Thailand's PTTEP.

Mon, 20 Aug 2018 06:58:47 GMT

Uber considers expansion into East African counties

The ride-hailing firm Uber is planning the expansion in two more East African countries ahead of the 2018-end, focusing on the low cost services such as Kenya's Chap Chap.

Mon, 20 Aug 2018 06:33:47 GMT

Washington calls on Facebook to agree on wiretapping Messenger

The US government is calling on Facebook to break its Messenger app's encryption, as it seeks listening to suspect's voice audio recordings in a criminal inquiry.

Mon, 20 Aug 2018 05:03:42 GMT

Brazil's Stone Pagamentos hires banks to launch IPO

Stone Pagamentos, Brazil's credit card processor hired Goldman Sachs, Citigroup and JPMorgan Chase & Co as the lead managers for its planned initial public offering in New York.

Mon, 20 Aug 2018 04:59:02 GMT

Grupo Industrial Saltillo seeks expansion in Europe

Mexico's Grupo Industrial Saltillo SAB is thinking over more acquisitions to expand the company's auto part unit in Europe.

Mon, 20 Aug 2018 04:37:33 GMT

Saudi PIF considers investing into Tesla's rival Lucid

Saudi Arabia's sovereign wealth fund PIF is in negotiations to make an investment into the aspiring Tesla's rival Lucid Motors, sources reported on Sunday.

Mon, 20 Aug 2018 04:33:43 GMT

TPG Capital seeks buying stake in Jet Privilege

The private equity group TPG Capital is joining the race to acquire a stake in the frequent-flyer loyalty programme of Jet Airways debt-laden carrier, according to the Mint report published on Monday.

Mon, 20 Aug 2018 03:34:34 GMT

DP World to keep posting solid profit this year

DP World is anticipated to keep generating a strong profit in the year of 2018, along with a solid growth in the company's revenues, Bloomberg Intelligence's report showed.

Mon, 20 Aug 2018 03:31:02 GMT

Fosun International invests $5M in The Floor

Fosun announced the company's strategic investment $5M in Israeli fintech firm The Floor, which was headquartered at the TASE and operates a unit in China's Hong Kong.

Mon, 20 Aug 2018 02:28:29 GMT

US drops demand for agriculture from NAFTA talks

The US dropped a contentious demand from the North American Free Trade Agreement's renegotiation to implement restrictions on Mexico's agricultural exports, the Mexican top farm lobby stated.

Mon, 20 Aug 2018 02:24:16 GMT

Volkswagen Mexico accepts 5.5% salary rise for workers

Germany's carmaker Volkswagen agreed to a 5.5% salary increase for its workers in Mexico and another hike for next year, the company's Mexican union stated.

Sun, 19 Aug 2018 20:02:49 GMT

Iran to sell oil despite US sanctions

The Vice President of Iran Eshaq Jahangiri stated on Saturday the government will find ways to sell oil in case European partners will fail to comply with its obligations due to American sanctions.

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