News

Note: This section contains information in English only.
Tue, 10 Dec 2019 03:40:10 GMT

Apple beats down Wall Street

During Monday's US trading session, US stock indices declined due to Apple shares suffering a decline, which caused a sell off.

Tue, 10 Dec 2019 03:31:02 GMT

JPMorgan seeks one billion USD

On Monday, Bloomberg announced that JPMorgan Chase & Co is looking to raise nearly one billion USD for a mezzanine fund.

Mon, 09 Dec 2019 21:08:14 GMT

Italy's Enel installs giant battery storage system in NYC

On Monday, Italy's Enel announced it had installed its battery storage system, the largest in New York City, which would help power the area of Brooklyn during the peak demand period.

Mon, 09 Dec 2019 19:45:51 GMT

Xerox sees revenue growth of about $1.5B

Xerox Holdings Corp is expecting its revenue growth of up to $1.5B with the proposed acquisition of HP Inc, the personal computer company, Xerox stated on Monday.

Mon, 09 Dec 2019 19:04:03 GMT

Hyundai to face EU probe on its deal with Daewoo

Hyundai Heavy Industries will face an official full-scale EU probe into its $1.8B merger deal with the rival shipbuilder Daewoo amid bloc's serious antitrust concerns, Reuters reported on Monday.

Mon, 09 Dec 2019 18:04:34 GMT

Intel reveals chip capable to control quantum computers

On Monday, Intel Corp has revealed its newly-designed chip called "Horse Ridge" that will be capable to control quantum computers, with the IBM and Microsoft Corp also pursuing the technology.

Mon, 09 Dec 2019 16:59:24 GMT

France's Sanofi to acquire Synthorx in $2.5B deal

On Monday, France's Sanofi has agreed to acquire the California-based biotech firm Synthorx in the all-cash deal valued at $2.5B as the company paves its way into the lucrative cancer drugs field.

Mon, 09 Dec 2019 16:17:41 GMT

Trump plans meeting with Russia's foreign minister

The US President Donald Trump is set for a meeting with Sergei Lavrov, the Russian Foreign Minister, in Washington this Tuesday, according to the news agency Interfax's report.

Mon, 09 Dec 2019 14:52:38 GMT

Nokia calls temporary halt to legal action against Daimler

Nokia, Finland's telecoms equipment maker, has temporarily halted its legal action against Germany's Daimler, hoping that the carmaker will offer mediation in the technology licensing fees dispute between the companies.

Mon, 09 Dec 2019 14:18:47 GMT

Huawei to equip more products with Harmony OS

Huawei Technologies, the Chinese tech giant, is planning to equip more products with its new Harmony operating system in 2020, aiming to promote them abroad and at home, Huawei's spokesman stated on Monday.

Mon, 09 Dec 2019 13:17:20 GMT

Brazil cuts interest rates

On Monday, the central bank of Brazil announced that it would lower its interest rates to a new low level of 4.50%.

Mon, 09 Dec 2019 12:20:57 GMT

UnitedHealth arm to acquire Diplomat Pharmacy for $303M

UnitedHealth Group's pharmacy services division Optum is set to acquire Diplomat Pharmacy in a deal that valued the company in around $303M, Optum stated on Monday.

Mon, 09 Dec 2019 11:33:24 GMT

UK's Dec. 12 election to decide on Brexit

The UK election, set for December 12, will decide on whether Britain leaves the EU bloc in January or launch another EU referendum, with the results to be due on December 13.

Mon, 09 Dec 2019 10:35:06 GMT

HSBC appoints new management amid reshuffle

HSBC appointed Greg Guyett and Georges Elhedery as co-directors of the global markets and banking division, which includes the lender's struggling investment banking business, on the back of reshuffle under the interim CEO Noel Quinn.

Mon, 09 Dec 2019 09:17:19 GMT

Lufthansa plans catering unit LSG sale

Lufthansa is set to launch a partial sale of its catering division LSG in the beginning of 2020 as part of its new strategy, as the company seeks to focus on the airline business.

Mon, 09 Dec 2019 07:47:51 GMT

China still hopes for trade deal with US

China still has hopes for a trade agreement with the United States to be reached as early as possible, before the new US tariffs on China's imports enter into force at this week-end.

Mon, 09 Dec 2019 07:38:06 GMT

France's Sanofi to acquire Synthorx in $2.5B deal

On Monday, France's Sanofi has agreed to acquire Synthorx in an all-cash deal worth about $2.5B, as the company seeks to boost its immuno-oncology pipeline.

Mon, 09 Dec 2019 06:30:41 GMT

Japan's service sector sentiment index surges to 39.4

According to a survey made by the Japan's Cabinet Office, the Service Sector Sentiment Index in November has increased from 36.7 to 39.4.

Mon, 09 Dec 2019 05:22:56 GMT

Japan corrects Q3 growth rate

According to the Cabinet Office data, the economy of Japan in Q3 has increased by 1.8% instead of preliminary reported 0.2%.

Mon, 09 Dec 2019 04:02:36 GMT

France prepares to challenge Trump's tariff threat on WTO

France's Finance Minister Bruno Le Maire said on Sunday that France is ready to challenge the US President Donald Trump's tariff threat on the international court, notably the World Trade Organization.

Mon, 09 Dec 2019 03:02:06 GMT

Tesco to review Malaysia and Thai business for potential sale

On Sunday, UK's biggest supermarket Tesco announced that it had begun the review of its businesses in Malaysia and Thailand for a possible sale.

Sun, 08 Dec 2019 20:41:15 GMT

China's economic growth to fall below 6% in next five years

Liu Shijin, a policy adviser to the Chinese Central Bank, said that the economic growth of China would fall below 6% from 2020 to 2025.

Sun, 08 Dec 2019 19:54:47 GMT

ECB's Holzmann hopes to see end of negative rates

Robert Holzmann, the European Central Bank policymaker, said that he hopes to see the return of positive interest rates by the time his tenure ends.

Sun, 08 Dec 2019 18:54:57 GMT

China's iron ore imports decline in November

Data from the Chinese General Administration of Customs showed on Sunday that China imported about 90.65 million tonnes of iron ore in November, down by 2.4% from the previous month.

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