News

Note: This section contains information in English only.
Fri, 17 Jan 2020 18:57:24 GMT

Smith sees room for fleet cooperation

On Friday, Ben Smith, the CEO of Air France-KLM, said that a plane order swap in 2019 has simplified the two airlines' operations and reduce costs, but sees room for improvement on fleet efficiency.

Fri, 17 Jan 2020 18:00:51 GMT

US Senate approves USMCA trade deal

The US lawmakers on Thursday ratified the United States-Mexico-Canada trade deal that includes stronger rules on labour and carmakers.

Fri, 17 Jan 2020 17:04:33 GMT

Mexican auto parts industry expects record sales

Mexico's automobile parts companies expect record sales year after the US Senate ratified the United States-Mexico-Canada Trade Agreement.

Fri, 17 Jan 2020 15:43:29 GMT

Bloomberg aims to make all US vehicles electric by 2035

On Friday, the US politician Michael Bloomberg has unveiled his plan to cut transportations' greenhouse gas emissions by making electric cars accessible to all-kind-of-income families and boosting access to public transit by 2035.

Fri, 17 Jan 2020 15:17:25 GMT

HSBC shreds around 100 jobs in equities business

HSBC is phasing out about 100 job positions in the banking company's equities business, a move that will affect the bank's equities research, trading, sales, and back-office business departments, Reuters reported.

Fri, 17 Jan 2020 13:54:32 GMT

Ant Financial's private share sales worth $200B

Ant Financial's private shares have been offered at levels that value China's financial group at $200B, raising the giant up the ranks among the most valuable and unlisted companies.

Fri, 17 Jan 2020 12:42:03 GMT

Temasek, Trustbridge seek to raise stake in WeWork China

Trustbridge Partners and Temasek Holdings are negotiating with WeWork China about raising their stake in the Chinese branch of the co-working start-up to acquire the majority ownership, Reuters reported on Friday.

Fri, 17 Jan 2020 11:31:49 GMT

Renault sees slight slump in 2020 car market across Eurasia

On Friday, Renault stated it saw a slight slump in the 2020 car market in China, Russia and Europe, following its report of a 3.4% drop in the French carmaker's worldwide sales last year amid China, Iran tensions with the US.

Fri, 17 Jan 2020 10:12:42 GMT

VW to acquire 20% of China's Guoxuan in electric push

Volkswagen is planning to acquire a 20% stake in Guoxuan High-tech, the Chinese electric vehicle battery manufacturer, as the German carmaker steps up the electric push into China's auto market.

Fri, 17 Jan 2020 09:28:55 GMT

Alphabet's public market capitalisation hits $1 trillion

Alphabet's public market capitalisation reached the mark of $1 trillion shortly before the trading close on Thursday, which made the group the fourth of S&P 500 components to hit the lofty level.

Fri, 17 Jan 2020 06:56:28 GMT

McAfee appoints new CEO

McAfee LLC has appointed Peter Leav, the ex-BMC Software's CEO, as the cyber security firm's new Chief Executive Officer, replacing Chris Young and taking over his new role on February 3.

Fri, 17 Jan 2020 05:41:37 GMT

Germany's Atotech plans listing on NYSE

Germany's Atotech, the speciality chemicals group, is planning a listing on the New York Stock Exchange in February that could value the firm at around $5.0B, including debt.

Fri, 17 Jan 2020 04:46:27 GMT

US StepStone picks banks for IPO

StepStone Group has hired three investment banks, Goldman Sachs Group, JPMorgan and Morgan Stanley, as the lead underwriters of its planned initial public offering in New York that is likely to take place in the Q1 of this year.

Fri, 17 Jan 2020 03:56:20 GMT

FCA and Foxconn to form Chinese EV joint venture

Fiat Chrysler is planning to establish a joint venture together with Foxconn to produce electric vehicles and engage in the wirelessly connected vehicle business, Hon Hai announced on Thursday.

Fri, 17 Jan 2020 03:22:29 GMT

LOT, buyout groups to bid for Condor airline

Thomas Cook previously-owned airline Condor has raised interest from the Polish carrier LOT and the buyout groups Greybull and Apollo, which are planning to submit their final bids for the firm next week, according to Reuters.

Thu, 16 Jan 2020 20:47:04 GMT

Kia, Hyundai to invest $110M in EV startup

Korea's Hyundai Motor and Kia were backing the British EV startup Arrival, which plans to start selling delivery vehicles in 2021.

Thu, 16 Jan 2020 19:56:53 GMT

Canada adds 46.2K jobs in December

Canada added 46.2K positions in December, the sixth month of gains, supported by more hirings in education, health care and construction.

Thu, 16 Jan 2020 19:29:02 GMT

Tesla to open design and research center in China

The US electric vehicle maker Tesla announced plans to open a design and research center in China to make "Chinese-style" cars.

Thu, 16 Jan 2020 18:06:43 GMT

Nestle to shift to recycled packages

Food giant Nestle announced that it would invest nearly 2B Swiss francs to use more recycled plastics to package the company's products.

Thu, 16 Jan 2020 17:06:19 GMT

US retail sales grow steadily in December

The US retail sales grew for a third month in succession in December, with higher sales of goods, suggesting the economy's moderate expansion pace at the 2019 end.

Thu, 16 Jan 2020 15:47:22 GMT

RWE to cut almost third of workforce

RWE, the German power producer, is set to cut nearly 6K jobs by 2030 amid an agreed phase-out of coal as a sorce of energy.

Thu, 16 Jan 2020 14:44:38 GMT

PSA Group's 2019 sales drop 10%

France's PSA Group reported on Thursday its global sales for the last year plunged as much as 10% to 3.49M units, compared with the 2018 record of 3.88M cars, due to declining volumes in the Middle East, China and Africa.

Thu, 16 Jan 2020 14:33:10 GMT

Morgan Stanley quarterly revenue rises 28%

Morgan Stanley reported its quarterly revenue from trading and sales surged 28% to $3.19B, sending the financial holding firm's shares up around 2% before the bell on Thursday.

Thu, 16 Jan 2020 13:23:56 GMT

Mishustin approved as new Russia's PM

On Thursday, Russian lawmakers have approved Mikhail Mishustin as the country's new Prime Minister in the lower house vote, the next day after Russia's President Vladimir Putin appointed him for the position.

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