News

Note: This section contains information in English only.
Mon, 30 Dec 2019 18:04:37 GMT

WH says Trump and Putin discussed counter-terrorism

The White House said that the US President Donald Trump and the Russian President Vladimir Putin spoke by phone on Sunday to discuss counter-terrorism efforts and a potential arms control treaty.

Mon, 30 Dec 2019 17:13:57 GMT

Navarro says US-China trade deal signing expected soon

Peter Navarro, the White House trade adviser, said on Monday that the United States and China would likely sign the phase 1 trade deal next week.

Mon, 30 Dec 2019 16:08:35 GMT

Israel's M&A value falls 6% to $20.4B in 2019

The value of Israeli mergers and acquisitions in 2019 plunged 6% to $20.4B, despite the number of signed deals climbed 34% to 166, a report presented by Pricewaterhouse Coopers showed on Monday.

Mon, 30 Dec 2019 14:55:31 GMT

Monzo close to raise up to £100M

Monzo, the British digital bank, is close to attracting between £50M to £100M within weeks, seeking to help fund the lender's rapid growth, a source familiar with the matter confirmed on Monday.

Mon, 30 Dec 2019 14:05:31 GMT

India approves Huawei's participation in 5G trials

The Indian government granted its approval for the Chinese telecom giant Huawei Technologies' participation in the trials of the 5G network, a company spokesman stated on Monday.

Mon, 30 Dec 2019 12:45:22 GMT

Tesla launches first China-made Model 3 sedans

Tesla announced it had launched delivery of its Model 3 electric vehicles produced at the Shanghai plant in just about a year since the $2.0B factory began its work, intending to accelerate deliveries starting the next month.

Mon, 30 Dec 2019 12:16:20 GMT

Italy delays plan presentation on Monte Paschi stake sale

Italy is set to postpone its plan presentation over the Monte dei Paschi di Siena's stake sale, according to the Treasury report, as the lender struggles to cut bad loans.

Mon, 30 Dec 2019 10:47:37 GMT

AS Roma in discussion over sale to Group Friedkin

On Monday, AS Roma stated its holding firm had entered discussions with the group led by Daniel Friedkin, the US billionaire, about a potential Serie A football club sale.

Mon, 30 Dec 2019 09:43:44 GMT

Monte dei Paschi sells €1.8B in impaired loans

On Monday, Monte dei Paschi, Italy's state-owned lender, announced it had finished three disposals of its impaired loans for about €1.8B, surpassing the goal it set in the restructuring plan.

Mon, 30 Dec 2019 09:26:07 GMT

Egypt regulator approves Uber's acquisition of Careem

The Egyptian competition watchdog granted its approval for Uber's $3.1B acquisition of the regional rival Careem, following agreement on a setting of commitments introduced by the American ride-hailing service that should reduce harm to competitors.

Mon, 30 Dec 2019 05:46:04 GMT

Singtel, Grab to apply for banking license

Singapore Telecommunications Ltd has partnered up with Grab Holdings Inc to apply for a digital banking license in Singapore.

Mon, 30 Dec 2019 05:19:48 GMT

China retail sales to increase 8%

According to the Xinhua news agency, China's retail sales are expected to increase 8% this year, compared with 9% growth a year before.

Mon, 30 Dec 2019 04:02:21 GMT

Ghana determined to join Eco

According to a statement from President Nana Akufo-Addo's office on Sunday, Ghana would do everything to join West Africa's new currency, the Eco.

Mon, 30 Dec 2019 02:58:03 GMT

Ukraine completes prisoner swap with separatists

According to the Ukrainian Presidential office, Ukraine's government troops and pro-Russian separatists in the eastern regions of Ukraine have completed a full prisoner swap.

Sun, 29 Dec 2019 20:44:33 GMT

Uber to acquire Egypt's Careem

The Egyptian Competition Authority approved on Sunday Careem's acquisition by Uber after the latter agreed to fulfill certain commitments.

Sun, 29 Dec 2019 20:26:17 GMT

Dubai announces record spending for next year

The Dubai budget authorities announced on Sunday a 17% or $18.1B increase of government spending to boost the economy and hold the world Expo 2020.

Sun, 29 Dec 2019 19:30:59 GMT

Kurz close to form new coalition

The head of Austrian conservatives Sebastian Kurz stated on Sunday that the party is about to form new coalition with the Greens, thus returning to power.

Sun, 29 Dec 2019 18:24:07 GMT

Ghana wants to join Eco

The government of Ghana stated on Sunday that it would do everything to join the new Pan-African currency called the Eco, which will substitute the CFA franc.

Sun, 29 Dec 2019 09:46:46 GMT

Brazil reports $19.8B deficit

The Brazilian government reported on Saturday a $19.8B primary deficit in first 11 months of this year, which is $2B less than a year before.

Sun, 29 Dec 2019 09:23:40 GMT

China reports record number of daily start-ups

According to the Chinese authorities, 20K new enterprises were established every day, thus making up 21.79M companies in total in 2019.

Sun, 29 Dec 2019 07:44:57 GMT

CDB to provide $14.29B to small firms

The China Development Bank (CDB) stated on Saturday that is has issued loans worth $14.29B to small enterprises this year.

Sun, 29 Dec 2019 07:29:42 GMT

China to adjust interest rate benchmark

The People's Bank of China announced on Saturday that it would adjust interest rate benchmark for outstanding loans based on LPR next year.

Sun, 29 Dec 2019 06:13:48 GMT

Serbia to spend €14B to boost growth

Serbia announced plans to spend nearly €14B in five years to 2025 to enhance living standards and bring infrastructure closer to the EU standards.

Sun, 29 Dec 2019 05:19:39 GMT

Sinochem Energy gets $1.65B investment

China's Sinochem Energy, a Sinochem Group's unit, agreed to sell a stake of 20% to five state-owned companies for $1.65B.

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