News

Note: This section contains information in English only.
Tue, 30 Jan 2018 11:55:43 GMT

Uber to sell Xchange's car lease portfolio to Fair

Uber is planning to sell a vehicle lease portfolio of the company's auto-leasing unit Xchange to a start-up digital vehicle marketplace Fair, not disclosing financial terms.

Tue, 30 Jan 2018 11:52:27 GMT

Varian Medical signs acquisition deal with Sirtex

On Tuesday, Varian Medical signed a deal to buy Australia's Sirtex Medical for around $1.3B, as the company intends to expand its cancer care product portfolio.

Tue, 30 Jan 2018 10:58:18 GMT

Oil prices fall amid stronger US dollar and increased supply

Oil prices fell to their weekly low on Tuesday, as stronger Greenback and increased US supply put downward pressure on the commodity.

Tue, 30 Jan 2018 10:56:55 GMT

Eurozone's economy expands 2.5% in 2017

The gross domestic product of the 19 Eurozone countries grew by 2.5% in 2017, thus recording the highest pace of expansion since 2007.

Tue, 30 Jan 2018 10:30:22 GMT

BP invests in FreeWire in EV move

BP has invested $5M in the US mobile electric vehicle firm FreeWire to help the company provide rapid charging at the retail sales in the EU and Britain amid rising demand for cleaner cars.

Tue, 30 Jan 2018 10:23:14 GMT

Turkey to represent Syrian opposition at talks in Russia

On Tuesday, Turkish Foreign Ministry stated it would represent the Syrian opposition at Russia's peace conference, following opposition's decline to attend the Syria talks.

Tue, 30 Jan 2018 09:34:14 GMT

Canon expects 2018 profit to surge to decade high

On Tuesday, Japanese Canon stated it was seeing its operating profit to surge 27% in 2018, reaching the highest level in ten years.

Tue, 30 Jan 2018 09:28:47 GMT

GM set to launch 15 redesigned models in China

General Motors is planning to introduce 15 new and redesigned car models in China later this year, as the carmaker seeks to strengthen its sales momentum in the automobile market.

Tue, 30 Jan 2018 08:32:43 GMT

Japanese Renesas dispels rumours on buying Maxim

Japan's Renesas Electronics on Friday disproved it had considered buying the US chipmaker Maxim Integrated Products, following a media report by CNBC that claimed a deal was already valued at $20B.

Tue, 30 Jan 2018 08:29:06 GMT

Waymo, Fiat Chrysler expand deal for automotive ride-hailing taxi

Fiat Chrysler is eager to provide Waymo with its Pacifica hybrid minivans amid Alphabet's unit expansion into the public ride-hailing service that is expected to be launched later this year.

Tue, 30 Jan 2018 07:10:45 GMT

Blackstone consider buying majority stake in Reuters' unit

The US private equity firm Blackstone is negotiating a purchase of about 55% stake in Thomson Reuters' Financial and Risk unit that could value a business at around $20B including debt.

Tue, 30 Jan 2018 07:07:15 GMT

SAP America plans to acquire Callidus for $2.4B

On Monday, Germany's business software company SAP announced its unit SAP America would acquire a cloud-based HR software firm Callidus Software in a deal worth $2.4B.

Tue, 30 Jan 2018 05:51:44 GMT

British PM promises to hold frank trade talks with China this week

The British Prime Minister Theresa May assured that the UK would hold ‘frank discussions' with China later this week in an attempt to strengthen their bilateral trade relations.

Tue, 30 Jan 2018 05:51:26 GMT

India's Ola announces plan to enter Australia

The Indian ride-hailing firm Ola plans to enter the Australian market as of early 2018, thus providing competition to its US rival Uber Technologies Inc.

Tue, 30 Jan 2018 05:22:24 GMT

Qualcomm to settle first fine instalment with Taiwan

The US-based chipmaker Qualcomm Inc is set to make its first instalment of $13.35M for violating anti-trust rules, the Taiwan Fair Trade Commission told media on Tuesday.

Tue, 30 Jan 2018 05:14:44 GMT

P2P lending picks up speed in Indonesia

Peer-to-peer lending has increased popularity in Indonesia, as limited access to funds has created around $73B of financing shortage.

Tue, 30 Jan 2018 04:34:38 GMT

Japan retail sales grow 3.6% in December

The METI stated that Japan's retail sales expanded 3.6% year-on-year over the course of December, surpassing expectations for a 2.1% growth pace.

Tue, 30 Jan 2018 04:29:55 GMT

Australia's business confidence at 5-month high

The National Australia Bank stated that the country's Business Confidence Index rose to the strongest level in five months of 11 in December, following an upwardly revised 7 points in the prior month.

Mon, 29 Jan 2018 20:55:26 GMT

Lighthizer dismisses Canada's proposal to unblock NAFTA

The US Trade Representative Robert Lighthizer dismissed Canada's proposal to unblock NAFTA modernisation talks on Monday but said that the US would remain in negotiations.

Mon, 29 Jan 2018 20:51:54 GMT

Colombia holds off peace talks with ELN rebels due to bomb attacks

The Colombian President Juan Manuel Santos ceased peace talks with rebels on Monday in response to several bomb attacks over the weekend.

Mon, 29 Jan 2018 19:54:33 GMT

EU proposes Brexit transition deal under its conditions

The EU has proposed a post-Brexit transition deal that would grant the UK membership advantages for 21 months if new EU laws were not blocked during this period.

Mon, 29 Jan 2018 19:53:56 GMT

Ford gets approval to offer Chariot bus service in London

The British traffic regulator Transport for London approved on Monday Ford's request for a permission to operate its Chariot bus services in the city.

Mon, 29 Jan 2018 19:22:56 GMT

Amazon opens new Seattle rainforest office space

On Monday, the world's largest online retailer Amazon opened its first Seattle-based rainforest-like office space worth $4B.

Mon, 29 Jan 2018 19:05:43 GMT

France, Britain boycott Russia's congress on Syria

France and the United Kingdom reported on Monday that they would not attend next week's Syrian peace congress in Russia.

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