News

Note: This section contains information in English only.
Wed, 27 Nov 2019 04:04:08 GMT

Xerox plans to take buyout bid directly to HP shareholders

Xerox Corp announced on Tuesday that it was preparing to take its buyout bid worth of $33.5 billion directly to HP shareholders.

Wed, 27 Nov 2019 03:02:02 GMT

US goods trade deficit drops by 5.7% in October

The US Commerce Department announced on Tuesday that the US goods trade balance fell by 5.7% in October.

Tue, 26 Nov 2019 21:38:03 GMT

Audi to slash 9.5K jobs

Audi announced the main restructuring scheme, cutting around 9.5K jobs in 6 years in a bid to adopt production to the era of e-mobility and reach billion-euro cast savings.

Tue, 26 Nov 2019 18:42:36 GMT

US trade deficit narrows in October

The US goods trade deficit fell 5.7% to $66.5B in October, as both imports and exports imports declined, indicating lingering decline in trade flows.

Tue, 26 Nov 2019 18:07:43 GMT

Mexico to spend $44B on infrastructure

The Mexican government announced the first phase of an infrastructure plan for the private sector, covering a range of transportation and other projects in five years.

Tue, 26 Nov 2019 16:41:15 GMT

US banking sector profits drop $4.5B

Profits across the US banks fell slightly to $57.4B in the Q3 of 2019, as "nonrecurring events" at three big financial institutions restrained sector growth, the FDIC reported.

Tue, 26 Nov 2019 16:12:05 GMT

US consumer confidence fall in November

The US consumer confidence declined for a fourth month in succession in November due to worries over employment prospects and current business conditions.

Tue, 26 Nov 2019 15:05:09 GMT

Hyundai gets green light for Gangnam HQ building

On Tuesday, the government of the Seoul city has granted approval for the long-delayed construction of the new headquarters for Hyundai Motor Group in the South Korean district of Gangnam; potentially the tallest skyscraper when finished in 2026.

Tue, 26 Nov 2019 14:11:19 GMT

EBay to sell StubHub in $4.05B deal

EBay is planning a sale of the ticketing division StubHub to the ticket reseller Viagogo in a cash deal worth $4.05B, both firms announced recently.

Tue, 26 Nov 2019 12:57:18 GMT

Hewlett Packard posts worse-than-expected revenue

Hewlett Packard Enterprise disappointed Wall Street's analysts with worse-than-expected quarterly revenue results, hit by sluggish demand for its storage and servers products, and sending the company's shares down around 4%.

Tue, 26 Nov 2019 11:55:02 GMT

Alibaba's HK shares jump 6.6% on debut

Alibaba Group's Hong Kong shares rose 6.6% to HK$187.60 in this year's debut, making it the third-largest listing on record for the HK market, Refinitv reported on Tuesday.

Tue, 26 Nov 2019 11:39:08 GMT

DHL to launch delivery vans in early 2020

DHL Group's StreetScooter EV division is set to enter the US market next spring by launching its zero-emission Work L delivery vans, the company announced on Tuesday.

Tue, 26 Nov 2019 09:57:42 GMT

Faurecia views record profits, sales in 2022

Faurecia, the French car parts producer, set its targets for record profits, cash generation and sales in 2022 amid its strategy programme and boost from the Japanese firm Clarion acquisition, sending the firm's shares up 2.6%.

Tue, 26 Nov 2019 09:38:18 GMT

AIG plans 76.6% stake sale in Fortitude Re

American International Group is planning to sell a 76.6% stake worth around $1.8B in the reinsurer Fortitude Re to the Japanese insurer T&D Holdings and Carlyle Group, the US buyout fund.

Tue, 26 Nov 2019 07:49:23 GMT

Charles Schwab to acquire TD Ameritrade for $26B

Charles Schwab Corp has agreed to acquire TD Ameritrade Holding in the all-stock deal worth $26.0B, forming a brokerage giant; the acquisition that is likely to shake up the retail brokerage industry.

Tue, 26 Nov 2019 07:20:58 GMT

Employees of FCA, PSA set to sign merger accord soon

Peugeot-owner PSA Group and Fiat Chrysler informed their employees about signing a merger agreement already in coming weeks, according to Reuters sources.

Tue, 26 Nov 2019 05:45:13 GMT

US Dollar surges on Tuesday

During Tuesday's Asian trading session, the US Dollar surged in value. The move was attributed to a phone call made by US and Chinese trade negotiators.

Tue, 26 Nov 2019 04:06:44 GMT

UK's Parliament to reopen on December 17

According to a statement from Boris Johnson's government office, the British Parliament would be reopened on December 17 after the general election.

Tue, 26 Nov 2019 03:05:54 GMT

Texas settles with Sprint Corp and T-Mobile Inc

According to a statement from Texas' Attorney General office, Texas has pulled out of the multistate lawsuit over the T-Mobile Inc and Sprint Corp merger deal.

Mon, 25 Nov 2019 20:41:34 GMT

British Parliament to convene again on Dec. 17

The British parliament is set to reconvene on December 17 after the general election, with preliminary plans to set the Prime Minister Boris Johnson's legislative agenda out, in case he remains the leader, the government stated on Monday.

Mon, 25 Nov 2019 19:46:43 GMT

Tesla shares surge on Cybertruck orders growth

On Monday, Tesla Inc's shares surged 4% after the carmaker's CEO Elon Musk announced the company had received 200K orders for its Cybertruck pickup, which price started from $39K.

Mon, 25 Nov 2019 19:32:32 GMT

SoftBank's Oyo sees losses in China, India until 2022

Internal projections of SoftBank's Oyo Hotels and Homes showed the company is unlikely to make profit in China and India until 2022 due to its rapid expansion in various markets, including the US and UK.

Mon, 25 Nov 2019 18:32:29 GMT

Nokia's COO set to leave amid management reshuffle

Nokia, Finland's telecoms gear maker, has made a decision to split Joerg Erlemeier's functions in his Chief Operating Officer position among other leaders in a management reshuffle, a move that made Erlemeier leave the company.

Mon, 25 Nov 2019 16:42:53 GMT

Blackstone to invest in gene therapy venture

Blackstone Group announced that it will invest $400M in cooperation with Ferring, the Swiss drug company, working on a trial gene therapy for bladder cancer.

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