News

Note: This section contains information in English only.
Fri, 03 Jan 2020 20:00:59 GMT

US stocks decline after US strikes kill to Iranian commander

On Friday, Wall Street's major indexes declined from record highs after the US airstrikes killed the Iranian top military commander in Iraq.

Fri, 03 Jan 2020 18:59:28 GMT

Tesla beats Wall Street estimates

Tesla shares hit a record high on Friday after data showed that the electric carmaker delivered approximately 367,500 vehicles in 2019, meeting the low end of its target.

Fri, 03 Jan 2020 18:03:44 GMT

Allergan, Novartis and Merck join others to raise US drug prices

On Friday, Allergan Plc, Novartis AG and Merck & Co Inc were among other firms that increased the US prescription drug prices in 2020.

Fri, 03 Jan 2020 16:40:14 GMT

Louis Vuitton to shut down HK shop amid protests

Louis Vuitton, one of the largest luxury goods brand in the world, will close its Hong Kong shop in the Times Square mall due to protests hitting the brand's demand and high rental costs.

Fri, 03 Jan 2020 15:41:40 GMT

Credit Suisse to launch $1.0B 2020 share buyback programme

On Friday, Credit Suisse announced a share buyback worth at least $1.03B until the current year's end, a subject to economic and market conditions, after finalising a similar programme the previous year.

Fri, 03 Jan 2020 14:49:49 GMT

HSBC to suspend overnight services at HK 19 ATM

HSBC is planning to stop its overnight services at Hong Kong's 19 ATM clusters during weekends and public holidays, according to the bank's statement on Friday, on the back of anti-government protests.

Fri, 03 Jan 2020 14:03:26 GMT

Ryanair may not receive 737 MAX until October

Ryanair is likely to receive its grounded 737 MAX planes' first delivery from Boeing only in October, CEO Michael O'Leary stated on Friday, having 135 of the jets on order, but not in service.

Fri, 03 Jan 2020 13:16:55 GMT

Avon CEO resigns amid deal with Natura

The Avon Products CEO Jan Zijderveld is set to resign on Friday due to the sale of the company to Brazil's personal care cosmetics giant Natura & Co, with Roberto Marques, the group's executive chairman, to take over as Avon's head.

Fri, 03 Jan 2020 12:17:07 GMT

Ex-Tesco executive becomes M&S interim CFO

On Friday, Marks & Spencer has appointed David Surdeau, the former Tesco executive, as the British retailer's interim financial officer, filling a temporary void that was left by Humphrey Singer's departure.

Fri, 03 Jan 2020 10:32:56 GMT

Weather damages US crops

On Friday, Reuters reported that US corn, which after the US-China trade war had been planted instead of soy, had been weather damaged.

Fri, 03 Jan 2020 10:02:43 GMT

Ant Financial applies for Singapore's digital banking license

China's Ant Financial, a unit of the e-commerce titan Alibaba Group Holdings, applied for the Singapore digital banking licence, as the company seeks to promote its financial inclusion globally.

Fri, 03 Jan 2020 08:45:18 GMT

Tesla trims China-made Model 3 price

Tesla reduced the initial price for the Model 3 sedans made in China by 16% to $42,919, as the US electric carmaker received Chinese subsidies for EVs, according to Tesla's China website.

Fri, 03 Jan 2020 08:09:45 GMT

Greece, Cyprus and Israel ink gas pipeline deal

Greece, Israel and Cyprus clinched a deal to construct a 1,9 km subsea pipeline, intending to carry natural gas to Europe from the fast developing gas fields located in the eastern Mediterranean.

Fri, 03 Jan 2020 06:49:23 GMT

Erdogan and Trump agree on de-escalation in Syria

The Turkish President Tayyip Erdogan and his US counterpart Donald Trump agreed on the need for de-escalation of tensions in Syria's Idlib, after a missile strike claimed lives of eight people in the province.

Fri, 03 Jan 2020 05:43:43 GMT

Brazil car sales likely to rise 9% in 2020

Brazil car sales are likely to rise 9% in 2020 from the last year to 2.9M units, including cars, trucks and buses, according to the automakers federation Fenabrave's statement made on Thursday.

Fri, 03 Jan 2020 04:54:31 GMT

VW enters settlement talks over diesel scandal

Volkswagen has entered talks over a settlement with the German auto owners over a lawsuit launched against the carmaker for excessive pollution that cause VW's diesel cars.

Fri, 03 Jan 2020 03:56:37 GMT

China blocks cross-border listings with UK

China has temporarily halted its scheduled cross-border listings between the London and Shanghai stock exchanges amid political tensions the Asian country has with Britain, Reuters reported.

Fri, 03 Jan 2020 03:21:48 GMT

Xiaomi plans investment in AIoT worth over $7.0B

Xiaomi Corp, China's smartphone maker, is planning an investment worth $7.1B in the AIoT, a combination of AI and internet technologies, primary focusing on 5G network and artificial intelligence technologies, its CEO Lei Jun said.

Thu, 02 Jan 2020 20:41:08 GMT

Xiaomi plans $7B investment in 5G and AI

China's smartphone producer Xiaomi Corp is planning an investment of $7.1B in the 5G internet and artificial intelligence technologies within the following five years amid rising competition in the sector.

Thu, 02 Jan 2020 19:43:07 GMT

UK jobless claims fall 2K last week

The US initial claims for unemployment benefits fell 2K to a seasonally adjusted 222K in the week ending December 28, according to the Labor Department's report seen on Thursday.

Thu, 02 Jan 2020 18:44:40 GMT

Austria's AMS secures 59.9% stake in Osram

On Thursday, AMS, the Austrian sensor producer, announced it secured a 59.9% Osram stake, reaching the minimum threshold of 55%; however, still falling short of the 75% hurdle required to tap the German lighting group's profits.

Thu, 02 Jan 2020 18:11:42 GMT

China halts cross-border listings with UK

China has temporarily halted its scheduled cross-border listings between the London and Shanghai stock exchanges due to political tensions the Asian country has with Britain, according to Reuters.

Thu, 02 Jan 2020 16:46:04 GMT

Bosch offers new car sensors

German firm Robert Bosch announced on Thursday that it would supply car makers with new lower cost self-driving car sensors.

Thu, 02 Jan 2020 15:48:52 GMT

Ant Financial applies for Singapore license

On Thursday, the Chinese based firm Ant Financial revealed that it had applied for a digital banking license in Singapore.

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