News

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Sun, 12 Jan 2020 16:41:45 GMT

Peugeot aims to raise stake in PSA-Fiat Chrysler

Peugeot, which is likely to own a stake of 6.2% in the carmaker resulting from Fiat Chrysler's and PSA merger, aimed to raise its stake as quickly as possible.

Sun, 12 Jan 2020 15:42:06 GMT

Thyssenkrupp increases efforts to sell Industrial Solutions

Germany's Thyssenkrupp AG accelerated efforts to sell the company's Industrial Solutions, which builds industrial sites and plants.

Sun, 12 Jan 2020 15:27:41 GMT

Mercedes-Benz to build cars with Geely

Mercedes-Benz is set to build smart-branded EV with Geely Automobile in China's Xian with yearly capacity of around 150K vehicles.

Sun, 12 Jan 2020 14:39:50 GMT

Israeli deficit to reach 4% of GDP

Israeli budget deficit is expected to be nearly 4% of GDP in the next years if there is no tax and spending adjustments.

Sun, 12 Jan 2020 13:32:51 GMT

Relx to open 10K stores

E-cigarette firm Relx Technology announced that it will open 10K stores globally within the next three years.

Sun, 12 Jan 2020 12:30:35 GMT

China not to change position on Taiwan

The Foreign Ministy of China stated on Sunday that its position regarding Taiwan would not be changed despite the re-election of Tsai Ing-wen.

Sun, 12 Jan 2020 10:17:42 GMT

France's Philippe offers concession to unions

The Prime Minister of France Edouard Philippe offered on Saturday to labour unions to revoke plans to raise pension age by two years if certain conditions were met.

Sun, 12 Jan 2020 09:34:50 GMT

BoE's Vlieghe likely to push for rates cut

According to the Financial Times, Gertjan Vlieghe, the policymaker of the Bank of England, would vote for a rate cut, if the government data showed weak growth rates.

Sun, 12 Jan 2020 08:33:38 GMT

Hengfeng Bank receives $14B investment

According to the Xinhua news agency, Chinese Hengfeng Bank has been given $14B to conduct restructurization under supervision of local authorities.

Sun, 12 Jan 2020 07:34:47 GMT

Saudi Aramco collects $29.4B

Saudi Aramco reported on Sunday that sale of additional 450M shares allowed it to raise $29.4B on initial public offering (IPO).

Sun, 12 Jan 2020 06:18:35 GMT

President Ing-wen wins Taiwan election

Tsai Ing-wen, the Taiwanese President, has secured a second term in office, after winning a landslide victory in the presidential election on Saturday.

Sun, 12 Jan 2020 04:45:29 GMT

Philippe offers concession to trade unions

On Saturday, Edouard Philippe, France's Prime Minister, offered a major compromise to trade unions over the pension system reform.

Sun, 12 Jan 2020 03:50:17 GMT

Thailand's Parliament approves 2020 budget

On Saturday, Thailand's Parliament approved the delayed 2020 budget bill, as the government aimed to revive the country's economy.

Sun, 12 Jan 2020 02:45:27 GMT

Berlin to host Libyan peace talks

Angela Merkel, the German Chancellor, said on Saturday that Berlin would host Libya's peace talks, as Russia and Turkey pleaded with the Libyan warring parties to join a ceasefire.

Sat, 11 Jan 2020 21:20:29 GMT

BMW delivers more vehicles in 2019

BMW has delivered a total of 2.52M vehicles to clients worldwide in 2019, an increase of 1.2%, compared to the same period the prior year, the German car manufacturer reports.

Sat, 11 Jan 2020 20:00:26 GMT

Moroccan, British ministers discuss ties

The British Minister for International Trade Conor Burns and the Moroccan Minister of Foreign Affairs Nasser Bourita have discussed bilateral ties at a meeting in Rabat, the capital of Morocco.

Sat, 11 Jan 2020 19:00:23 GMT

Japan business conditions deteriorate

The index of business conditions in Japan declined to a six year low of 95.1 in November 2019, a statement released by Japan's Cabinet Office shows.

Sat, 11 Jan 2020 18:26:27 GMT

Sri Lanka economy to expand modestly in 2020

The Sri Lankan economy is likely to expand modestly in 2020, a report published by the ICRA Lanka, a credit rating agency licensed by the Securities and Exchange Commission of Sri Lanka, shows.

Sat, 11 Jan 2020 17:22:57 GMT

Commercial banks in Angola grant $79.7M

A total of eight commercial banks in Angola have approved 23 applications worth $79.7M to increase domestic output, the Ministry of Economy and Planning reports.

Sat, 11 Jan 2020 16:11:27 GMT

Vietnam state budget up 8.7% in 2019

The Vietnamese state budget has increased to $67.4B in 2019, an increase of 8.7% from the previous year, the Ministry of Finance reports.

Sat, 11 Jan 2020 15:00:43 GMT

Shanghai attracts record foreign capital in 2019

Shanghai has attracted $19.05B of foreign capital in 2019, a record high in the city's history, a statement published by the municipal government shows.

Sat, 11 Jan 2020 14:01:01 GMT

Cambodia attracts $3.6B FDI in 2019

Cambodia has attracted $3.6B of foreign direct investment in 2019, an increase of 12%, compared to the same period the previous year, a report published by the National Bank of Cambodia shows.

Sat, 11 Jan 2020 13:00:03 GMT

Russia inflation slows to 3% in 2019

The inflation rate in Russia declined to 3% in 2019 from 4.3% in 2018, a statement published by the official statistics service Rosstat shows.

Sat, 11 Jan 2020 12:05:31 GMT

Around 1.67M tourists visit Maldives in 2019

More than 1.67M tourists have visited Maldives in 2019, exceeding a target of 1.5M visitors for 2019, the Minister of Tourism Ali Waheed says.

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