News

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Sat, 29 Aug 2020 12:27:03 GMT

Trump Hotel's operator files for Chapter 11

TA Hotel Management, the operator of the Trump International Hotel located in Vancouver, filed for bankruptcy earlier this week, as the coronavirus pandemic harmed its financial hardship and revenue.

Sat, 29 Aug 2020 11:35:15 GMT

Triller, Centricus make $20B bid for TikTok assets

Triller's executive chairman announced the firm had made a $20B bid with the investment company Centricus Asset Management for the rival TikTok's assets, which China's ByteDance was planning to divest.

Sat, 29 Aug 2020 10:36:23 GMT

Japanese ruling party to pick PM in two weeks

The ruling Liberal Democratic Party is expected to choose Shinzo Abe's successor for the post of Japan's Prime Minister on September 15.

Sat, 29 Aug 2020 09:18:35 GMT

Suga likely to replace Abe

According to sources familiar with the matter, Yoshihide Suga, the Chief Cabinet Secretary of the Japanese government, is likely to become the country's next Prime Minister.

Sat, 29 Aug 2020 08:36:14 GMT

Zuckerberg comments on militia page

Facebook Inc's Chief Executive Officer Mark Zuckerberg on Friday responded to critics of inability to delete the milita's page that called to arms in Wisconsin saying it was an operational mistake of the system.

Sat, 29 Aug 2020 07:02:44 GMT

Fredriksen appoints hedge fund manager

Norwegian-born shipping tycoon John Fredriksen has named Tor Andre Svelland, the head of UK-based hedge fund Svelland Capital, as the CEO of Seatankers Group.

Sat, 29 Aug 2020 06:02:55 GMT

Boeing seeks to increase Black US employees

On Friday, Boeing's CEO Dave Calhoun said in a memo that the company is planning to increase black employees in the United States by 20%.

Sat, 29 Aug 2020 05:01:05 GMT

Germany to revise economic growth forecast

According to a source with knowledge of the matter, Germany's Economy Minister Peter Altmaier is scheduled to revise up its 2020 GDP forecast.

Sat, 29 Aug 2020 04:06:25 GMT

Beximco signs COVID-19 vaccine deal with Serum

The Bangladeshi Beximco Pharmaceuticals has signed a coronavirus vaccine deal with India's Serum Institute, Beximco said in a statement on Friday.

Sat, 29 Aug 2020 03:01:09 GMT

Yum China files for listing in Hong Kong

On Friday, Yum China applied for Hong Kong secondary listing to decrease risks from the US-China trade tensions.

Sat, 29 Aug 2020 01:37:31 GMT

S&P 500 edges higher on Friday

The S&P 500 extended its gains for the sixth consecutive trading sessions on Friday. The S&P index has posted 12 new 52-week highs and no new lows.

Fri, 28 Aug 2020 19:41:55 GMT

Yum China plans Hong Kong listing debut

Yum China Holdings applied for the Hong Kong secondary listing, seeking to mitigate risks amid the escalation of tensions between the United States and China, prompting some Chinese companies to list closer to their home.

Fri, 28 Aug 2020 18:42:51 GMT

Firms plan restructuring after pandemic

Companies seek restructuring in the following months to secure their post-coronavirus future on the back of the world emerging from the pandemic-caused crisis and eased measures.

Fri, 28 Aug 2020 17:41:35 GMT

Germany plans revising up 2020 GDP outlook

Germany's government is planning to revise up its 2020 economic growth outlook, aiming to lees than 6% decline from the prior forecast of -6.3%, according to Reuters.

Fri, 28 Aug 2020 16:43:11 GMT

UAL preps for largest pilot layoffs

United Airlines is getting ready for the biggest pilot job cuts in the carrier's history, seeking to furlough 2,850 pilots in the current year, which is around 21% of its total.

Fri, 28 Aug 2020 15:41:13 GMT

Japan Display plans screen plant sale

Japan Display has agreed on its smartphone screen plant sale to Sharp Corp in a deal valued at $390M, attracting funds to repay the debt the company owes Apple for the factory construction costs.

Fri, 28 Aug 2020 14:50:26 GMT

Amazon orders 1.8K Mercedes e-vans

On Friday, Amazon.com reported it had ordered 1.8K Mercedes-Benz's electric vans for the online retailer's EU delivery fleet, as te company seeks running a carbon-neutral business by 2040.

Fri, 28 Aug 2020 14:15:36 GMT

S&P 500 opens at all-time-high again

On Friday, the S&P 500 opened at the record-high level of 3,494.69, by 10.14 points, for the fifth consecutive day, driven by medical solution bets for the coronavirus pandemic, as well as low-interest rates for the prolonged period.

Fri, 28 Aug 2020 12:51:43 GMT

SoftBank to cut its wireless carrier stake

On Friday, SoftBank Group announced its plans to reduce the exposure to SoftBank, the wireless carrier, by selling its share worth $13.8B, marking the conglomerate's asset sales expansion.

Fri, 28 Aug 2020 12:29:58 GMT

UBS names tech exec from Credit Suisse

UBS has hired Credit Suisse's Pascal Emile as a new head of Africa, the Middle East and Europe Technology for the bank's WMPC business, UBS internal memo showed on Friday.

Fri, 28 Aug 2020 11:31:53 GMT

Coca-Cola plans layoffs amid restructuring

On Friday, Coca-Cola announced it was planning to cut its global workforce on the back of the company-wide restructuring, not providing further details on the number of jobs it wanted to trim.

Fri, 28 Aug 2020 09:45:51 GMT

Global stocks struggle

On Friday, global stock indices declined in the aftermath of the Prime Minister of Japan Shinzo Abe announcing his resignation.

Fri, 28 Aug 2020 09:07:51 GMT

European stocks decline

During Friday's European trading hours, stock indices decline, as investors dumped healthcare and tech stocks.

Fri, 28 Aug 2020 07:45:06 GMT

Amazon orders Mercedes vans

It was revealed on Friday that Amazon has ordered 1,800 Mercedes Benz vans for its deliveries in Europe.

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