News

Note: This section contains information in English only.
Tue, 17 Jul 2018 16:03:41 GMT

Goldman Sachs announces new CEO, strong profit

Goldman Sachs named new Chief Executive and reported a better-than-anticipated rise in quarterly profit, while investors were focused on weak performance in the company's main businesses.

Tue, 17 Jul 2018 16:03:33 GMT

Lloyds Bank to operate threes subsidiaries in EU after Brexit

Lloyds Banking Group announced plans for three subsidiaries in Europe after the UK leaves the European Union, indicating how Brexit would fragment the banking industry concentrated in London.

Tue, 17 Jul 2018 15:23:56 GMT

Johnson & Johnson profit grows on strength in pharma business

Johnson & Johnson reported a higher-than-expected quarterly revenue and profit, as strong demand for cancer drugs made up for decreasing sales of other treatments.

Tue, 17 Jul 2018 15:23:28 GMT

UnitedHealth medical costs below estimates in Q2, shares slide

UnitedHealth Group, the largest health insurer in the US, reported that medical costs were slightly higher in the Q2 than Wall Street expectations, sending shares down 4%.

Tue, 17 Jul 2018 14:24:18 GMT

IBM calls for $167M from Groupon in patent dispute

On Monday, International Business Machines has demanding $167M in a lawsuit from Groupon, as it is accusing the e-commerce marketplace operator of using the patent technology with no authorisation.

Tue, 17 Jul 2018 14:17:04 GMT

EU Commission agrees on data accord with Japan

The European Commission has agreed on a deal with Japan on Tuesday to allow businesses to transfer personal data seamlessly between the Asian country and the EU, mending their economic ties.

Tue, 17 Jul 2018 13:36:17 GMT

Kenya's Safaricom in discussion to launch M-Pesa in Ethiopia

Kenya's Safaricom is in the advanced discussion with Ethiopia's authorities to launch its famous mobile money service M-Pesa, as it seeks to establish a toe-hold in the 100M people market.

Tue, 17 Jul 2018 12:58:50 GMT

Hino Motors adds artificial intelligence to its hybrid trucks

The Japanese truck-making unit of Toyota Motor is implementing artificial intelligence into its diesel-electric hybrids to improve the fuel efficiency, as competitors focus on the full-battery-powered models.

Tue, 17 Jul 2018 11:38:32 GMT

IBM ties up with Stronghold over new digital stable coin

IBM is partnering with Stronghold over a new cryptocurrency, as the US financial services operator adds more stability to the sector famous for its volatility, both firms announced on Tuesday.

Tue, 17 Jul 2018 10:23:23 GMT

Bank of Ghana cancels Belstar Capital takeover deal with ADB

On Monday, the Central Bank of Ghana annulated the Belstar Capital's purchase of a 51% majority stake in Agriculture Development Bank due to inappropriate acquisition of the stakes.

Tue, 17 Jul 2018 10:01:46 GMT

Mediaset triggers takeover offer for El Towers

Mediaset, the Italian largest commercial broadcaster, teamed up with the infrastructure firm F2i to launch an acquisition bid for the masts group El Towers, the companies stated on Monday.

Tue, 17 Jul 2018 08:37:05 GMT

BlackRock looks at cryptocurrencies, CEO Fink says

On Monday, BlackRock CEO Larry Fink stated that one of the largest asset managers was evaluating cryptocurrencies and blockchain technology, but did not see high investor demand.

Tue, 17 Jul 2018 08:28:28 GMT

Fox shares plunge as investors see Comcast bid absence

Shares in 21st Century Fox has plunged over 2% this Monday, as investors views prospects of a new Comcast bid for the company's assets fading.

Tue, 17 Jul 2018 07:39:46 GMT

Telia considers buying TDC's Norway unit for $2.6B

Telia Company, the Swedish telecom operator, TDC's Norwegian business unit in a $2.60B deal that would bolster its TV and broadband offering.

Tue, 17 Jul 2018 07:36:07 GMT

Asiana Airlines shares up amid SK Group's possible takeover report

On Tuesday, shares in South Korea's Asiana Airlines surged as much as 23%, following a local media agency's report over the local conglomerate SK Group weighing a takeover.

Tue, 17 Jul 2018 06:30:07 GMT

China still confident of reaching 2018 growth target

China remained optimistic about reaching its economic growth target of 6.5% in 2018 even despite a trade dispute with the Unites States, the state planning agency explained on Tuesday.

Tue, 17 Jul 2018 06:23:42 GMT

Pinduoduo aims for $1.63B in US IPO

The Chinese discounter Pinduoduo expects to raise around $1.63B in its initial public offering in the United States, as shown by the US Securities and Exchange Commission.

Tue, 17 Jul 2018 05:23:53 GMT

HKMA, banks to launch blockchain-run finance platform

The Hong Kong Monetary Authority and seven other banks plan to jointly introduce in September a trade platform that would be run on the blockchain technology.

Tue, 17 Jul 2018 05:22:07 GMT

KKR to acquire stake in AppLovin

The private equity company KKR & Co is to acquire minority stake in the mobile marketing platform AppLovin Corp for $400M, thus entering the mobile gaming and advertising industry.

Tue, 17 Jul 2018 03:33:29 GMT

Didi set to spin off car services business in $1.5B deal

China's ride-hailing company Didi Chuxing Technology was set to spin off the car services business in an up to $1.5B worth deal ahead of an anticipated IPO, people familiar with the matter said.

Tue, 17 Jul 2018 03:23:35 GMT

China's home prices near two-year high in June

New home prices in China accelerated to nearly two-year high in June, as buyers' demand was resilient before new curbs against speculation, indicating that more restrictions would be needed.

Mon, 16 Jul 2018 20:15:10 GMT

Ford agrees to $299M settlement for faulty inflators

The US car manufacturer Ford Motor Co has agreed to a $299M loss settlement involving around 6M vehicles with faulty air bag inflators.

Mon, 16 Jul 2018 20:09:45 GMT

FCC concerned about Sinclair-Tribune merger

The US Federal Communications Commission has raised concerns about the $3.9B merger between Sinclair Broadcast Group and Tribune Media, thus sending their shares considerably lower.

Mon, 16 Jul 2018 18:06:12 GMT

UK seeks partners for new fighter jet project

The United Kingdom is considering Sweden and Japan as possible partners for its Tempest fighter jet project launched on Monday.

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