News

Note: This section contains information in English only.
Fri, 21 Feb 2020 18:40:15 GMT

US existing home sales decrease 1.3%

The US home sales declined 1.3% in January due to a lack of houses, though the supply squeeze is expected to ease, as homes under construction and building permits were at levels seen 13 years ago.

Fri, 21 Feb 2020 16:58:19 GMT

EZ inflation up 1.4% in January

Euro zone inflation increased 1.4% year-over-year in January, rising from the prior month, as energy prices grew, Eurostat reported.

Fri, 21 Feb 2020 16:07:48 GMT

Honda, Nissan delay Chinese plants' restart

Japan's automakers, such as Honda, Nissan, postponed the restart of Chinese plants near the coronavirus outbreak epicener, raising risks of further supply disruptions.

Fri, 21 Feb 2020 14:41:50 GMT

Berlin's scooter firm Tier extends funding round to $100 million

The German kick scooter firm Tier Mobility raised its investment round to over $100M as it seeks expansion across Europe.

Fri, 21 Feb 2020 14:21:53 GMT

China's Geely launches online car sales

China's carmaker Geely has triggered a service for its customers to purchase vehicles online with delivery directly to customers' homes, seeking to boost the company's sales on the back of the coronavirus outbreak.

Fri, 21 Feb 2020 12:44:23 GMT

Russia's Cognitive Pilot eyes IPO

The Russian driverless tech company Cognitive Pilot is thinking over initial public offering after 2023, its CEO Olga Uskova told Reuters on Friday.

Fri, 21 Feb 2020 11:55:05 GMT

Dropbox shares rise after upbeat results, share buyback plan

Dropbox Inc posted a better-than-forecast quarterly profit, increased its operating margin outlook and announced a $600M share buyback, sending the file hosting service's shares up 11%.

Fri, 21 Feb 2020 10:43:59 GMT

USD/JPY ends surge

On Friday, the Japanese Yen paused its streak of decline against the US Dollar. After surging by 2.15% the USD/JPY retraced down to the 111.50 level.

Fri, 21 Feb 2020 10:08:56 GMT

Samsung Elec names non-executive head as board chairman

On Friday, Samsung Electronics has appointed a non-executive director as the board chairman ib the company's first time, seeking to boost independence and transparency.

Fri, 21 Feb 2020 08:55:26 GMT

Tesla receives approval to cut down forest for German plant

Tesla received the German court's approval to continue to clear forest near Berlin with the intention to establish its first EU car and battery plant called Gigafactory.

Fri, 21 Feb 2020 07:56:32 GMT

France's Engie seeks to acquire Ameresco

Engie SA, the French power utility, expressed its interest to acquire the US energy services firm Ameresco, sending the American provider's shares up 15% on the news.

Fri, 21 Feb 2020 06:58:09 GMT

EDPB concerned of privacy risks in Google-Fitbit deal

The EU Data Protection Board warned that Google's $2.1B bid to acquire Fitbit, the fitness tracker firm, could pose some privacy risks, joining other critics of a potential deal.

Fri, 21 Feb 2020 05:43:11 GMT

Wall Street falls over 1% due to coronavirus

US stock indexes plunged over 1% on Thursday on growing fears of the coronavirus outbreak amid rise of the number of such cases outside of China.

Fri, 21 Feb 2020 04:45:58 GMT

Wix.com expects 2020 revenue to almost hit $1B

Israel's Wix.com reported a slight decline in its Q4 net profit and said it was expecting a revenue increase of around 25% in 2020 to nearly $1.0B as the company expanded into the web creator market.

Fri, 21 Feb 2020 04:13:26 GMT

Thyssenkrupp close to $17B elevator division sale

Thyssenkrupp is close to complete a sale of the $17B worth elevator division that would help the industrial group pay down its debt, Reuters reported.

Fri, 21 Feb 2020 03:12:48 GMT

Microsoft plans $1.1B investment in Mexico

Microsoft's CEO Satya Nadella announced the tech giant would make an investment worth $1.1B in Mexico during the following five years, seeking to focus on expanding access to digital technology across the country.

Thu, 20 Feb 2020 21:02:05 GMT

Lenovo reports record high earnings

The Chinese tech company Lenovo reported record high quarterly earnings in the third quarter of the current fiscal year, a financial statement released by the company shows.

Thu, 20 Feb 2020 20:01:02 GMT

S. Korea trade with Vietnam expands

Trade between South Korea and Vietnam expanded 16.5% in 2019 from the previous year, a statement published by the Korea Customs Service shows.

Thu, 20 Feb 2020 18:58:43 GMT

German Fresenius reports record sales

German health care company Fresenius reported record sales of $38.2B in 2019, an increase of 8% from the prior year, a statement released by the company shows.

Thu, 20 Feb 2020 18:12:56 GMT

German machinery exports decline in 2019

German machinery exports decreased by 1.5% in 2019 from the previous year amid weak industrial production around the world, a report from the German Mechanical Engineering Industry Association shows.

Thu, 20 Feb 2020 16:53:45 GMT

Armenia reports GDP growth in 2019

The economy of Armenia expanded 7.6% in 2019, the fastest pace since 2008, data published by Armenia's national statistics committee show.

Thu, 20 Feb 2020 16:28:45 GMT

Taiwan export orders decline

Export orders received by companies in Taiwan decreased 12.8% to $35.31B in January from the same period the prior year, a statement published by the Ministry of Economic Affairs shows.

Thu, 20 Feb 2020 15:19:30 GMT

L Brands sells majority stake in Victoria's Secret, CEO Wexner to step down

L Brands Inc is planning a controlling stake sale in Victoria's Secret unit to Sycamore Partners, in a deal valuing $1.1B, as the group has shifted its focus to its main Bath & Body Works brand.

Thu, 20 Feb 2020 14:29:35 GMT

WeWork appoints new COO on Thursday

On Thursday, WeWork, the office-sharing start-up, named the ex-Ernst & Young executive, Shyam Gidumal, as the company's chief operating officer during the first major appointment of executives under the new CEO Sandeep Mathrani.

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