News

Note: This section contains information in English only.
Wed, 08 Aug 2018 15:35:22 GMT

Deputy Foreign Minister of Turkey to visit the US

On Tuesday, Turkish Foreign Ministry claimed that a newly appointed deputy Foreign Minister of Turkey Sedan Onal is planning to visit Washington to discuss tensions between NATO alliance members.

Wed, 08 Aug 2018 14:33:20 GMT

China power firm halts plans to buy US solar assets

Shenzhen Energy Corp stated it had dropped a bid to acquire three US solar power stations, failing to receive an approval from the US government panel.

Wed, 08 Aug 2018 14:30:21 GMT

Samsung Galaxy S7 devices seemed vulnerable to hacking

Samsung Galaxy S7 smartphones are deemed to have a microchip security flaw, which puts the devices at a high risk to be spied by hackers, the researchers reported to Reuters.

Wed, 08 Aug 2018 13:39:23 GMT

Murray & Roberts rebuffs Aveng merger plan

Murray & Roberts, South Africa's construction firm, announced it had dropped its rival Aveng's plans on a potential merger.

Wed, 08 Aug 2018 13:35:54 GMT

Glencore sees Rosneft deal to be completed in second half

On Wednesday, Glencore stated it was expecting Russia's Rosneft deal on selling its stake to Qatar's sovereign wealth fund to close in this year's second-half.

Wed, 08 Aug 2018 12:38:57 GMT

GE Capital plans sale of energy finance arm for $2.56B

On Wednesday, General Electric financing arm stated it would sell the energy finance division to Starwood Property in a deal worth $2.56B.

Wed, 08 Aug 2018 11:27:58 GMT

CVS Health posts net loss due to impairment charge

The US-based drugstore retailer CVS Health Corp announced a quarterly net loss of $2.56B in Q2Y2018 attributed mainly to a $3.9B goodwill impairment charge.

Wed, 08 Aug 2018 11:22:45 GMT

Thomson Reuters reports $1.31B in revenue, lower operating profit

The news provider Thomson Reuters reported on Wednesday a 2% increase in revenue to $1.31B during the second quarter of 2018, while its operating profit fell 6% to $204M.

Wed, 08 Aug 2018 10:32:37 GMT

Amazon triggers curbside pick-up at stores of Whole Foods

On Wednesday, Amazon.com stated it had launched curbside pick-up at the Whole Foods stores, as part of its strategy to win over the American grocery shoppers.

Wed, 08 Aug 2018 10:29:05 GMT

Bytedance plans attracting $3.0B at up to $75B valuation

China's Bytedance Technology is seeking to raise around $3.0B in it s latest round of funds that could make its valuation surge up to $75B.

Wed, 08 Aug 2018 09:27:48 GMT

Paddy Power Betfair cuts annual estimates amid taxes

Paddy Power Betfair has reduced its annual outlook amid losses from its expanding US business and newly imposed taxes, despite positive revenue and earnings results in the Q2.

Wed, 08 Aug 2018 09:26:38 GMT

Sherborne Investors discusses appointing new Barclays chairman

Sherborne Investors, the activist fund, is in discussion with the UK bank Barclays over appointing a new chairman to make a replacement for John McFarlane.

Wed, 08 Aug 2018 08:39:54 GMT

Oracle files protest against Pentagon's plans on cloud computing contract

On Monday, Oracle filed a protest with the US Defence Department over the plans to award the cloud computing contract, which could be valued at $10B, to a single firm instead of multiple winners.

Wed, 08 Aug 2018 08:33:26 GMT

Salesforce names COO Keith Block as co-Chief Executive

Salesforce.com, the US sales and marketing software firm, announced on Tuesday it had appointed Keith Block, the current Chief Operating Officer, as the company's co-CEO.

Wed, 08 Aug 2018 06:53:08 GMT

Smiths Group close to end talks with ICU Medical over merger

According to Sky News, the UK engineering company Smiths Group is close to end talks with the US ICU Medical over their potential $9.0B worth merger of healthcare divisions.

Wed, 08 Aug 2018 06:52:54 GMT

Samsung Group to invest $22B in AI, 5G tech within three years

Samsung Group is set to invest $22B within the next three years in the 5G mobile technology, biopharmaceutical business, electronic car components, artificial intelligence and Samsung Electronics, it announced on Wednesday.

Wed, 08 Aug 2018 06:35:21 GMT

Brazil's Ser, Estacio fight for units of Grupo Positivo

Brazil's for-profit education firms, such as Ser and Estacio, are battling to acquire the Grupo Positivo units, as the firm is planning to sell its assets as an alternative to the IPO.

Wed, 08 Aug 2018 06:32:12 GMT

Kroger considers selling Turkey Hill Dairy unit

On Tuesday, the US supermarket chain Kroger stated it had been thinking over a sale of the Turkey Hill Dairy unit as one of the strategic alternatives for the company's business division.

Wed, 08 Aug 2018 05:12:46 GMT

Gump's Holdings files for bankruptcy

Gump's Holdings LLC, the mother company of the luxury furnishings retailer Gump's Corp, has filed for bankruptcy due to challenging retail environment.

Wed, 08 Aug 2018 05:11:53 GMT

China's imports, exports grow in June

The growth of China's exports accelerated in June even despite the US imposing tariffs on its products; imports likewise increased due to stronger domestic demand.

Wed, 08 Aug 2018 04:24:56 GMT

US extends tariff list on Chinese imports

The Office of the US Trade Representative said the United States is set to start collecting 25% tariffs on additional $16B of Chinese imports, including semiconductors, on August 23.

Wed, 08 Aug 2018 04:23:24 GMT

Toshiba earns net profit of $9.16B in Q2Y2018

The Japanese electronics company Toshiba Corp reported on Wednesday a net profit of $9.16B in Q2Y2018, pushed higher by the sale of the flash memory chip unit.

Wed, 08 Aug 2018 02:51:06 GMT

Apple to lawmakers: iPhones not listen in on users

Apple told the US lawmakers that its iPhones did not listen to consumers without their consent and did not allow third-party applications to do so either.

Wed, 08 Aug 2018 02:51:02 GMT

UK businesses struggle to recruit with Brexit

The number of people hired in the UK grew at the weakest pace in the nine-month period in July, reflecting record-low unemployment and a lack of migrant workers coming from the EU.

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