News

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Tue, 05 Nov 2019 11:57:40 GMT

Xerox to sell 25% stake in Fuji Xerox venture

Xerox Holdings Corp is planning a 25% stake sale in Fuji Xerox, the joint venture built up with Fujifilm Holdings, in a potential deal worth $2.3B, according to Reuters.

Tue, 05 Nov 2019 10:49:24 GMT

Crude oil continues to surge

On Tuesday, crude oil price benchmarks continued to edge higher. The surge was boosted by a decrease in Chinese interest rates. Namely, crude oil is being repriced, as global money supply has been increased.

Tue, 05 Nov 2019 10:35:29 GMT

Trump Administration triggers Paris climate pact withdrawal

Trump's Administration has triggered the US withdrawal from the Paris Climate Change Agreement by filing paperwork on Monday, a part of the broader strategy by the President Donald Trump to cut red tape on the American industry.

Tue, 05 Nov 2019 09:36:37 GMT

Malaysia to allow motorcycle-hailing firms to start operations

Malaysia is planning to allow motorcycle-hailing companies, such as the local firm Dego Ride and Indonesia's Gojek, to launch their operations on limited extent starting from January 2020.

Tue, 05 Nov 2019 07:41:07 GMT

German minister in doubts over Huawei role in 5G build-out

Heiko Maas, the German Foreign Minister, has raised doubts regarding Huawei Technologies participation in the 5G data network development and construction, citing national security laws.

Tue, 05 Nov 2019 07:33:37 GMT

Comcast rolls out tools to boost ad targeting on TV

Comcast Corp has launched new advertising tools for advertisers to target certain TV viewers, as the biggest US television provider seeks luring away ad dollars from digital rivals.

Tue, 05 Nov 2019 06:30:27 GMT

UK retail spending stagnates

Data released on Tuesday revealed that retail spending in the UK rose by 0.6% on a yearly basis in October.

Tue, 05 Nov 2019 05:30:59 GMT

China cuts interest rate

The Chinese central bank on Tuesday cut its medium-term lending interest rate. The rate cut was the first one since early 2016.

Tue, 05 Nov 2019 03:40:06 GMT

China presses for tariff roll-backs

On Tuesday, Reuters revealed that Chinese officials were pressuring the President of the United States Donald Trump into removing the tariffs imposed in September.

Tue, 05 Nov 2019 03:11:28 GMT

Asian shares reach July peak

During early Tuesday's Asian trading, stock indices traded near July peak levels. The surge was mainly driven by a Chinese interest rate cut.

Mon, 04 Nov 2019 20:43:19 GMT

France's EDF agrees to acquire UK's Pivot Power

EDF, France's state-controlled energy group, has agreed to acquire the UK start-up, Pivot Power, that specialises in infrastructure and battery storage for electric car charging stations.

Mon, 04 Nov 2019 20:10:13 GMT

Oil climbs over 1% amid US-China hopes

On Monday, oil prices grew over 1%, driven by an improved forecast for crude demand due to better-than-estimated US jobs growth results that raised hopes for the US-China trade deal to be reached during this month.

Mon, 04 Nov 2019 19:12:00 GMT

Santander takes £350M stake in Britain's Ebury

Santander has acquired £350M majority stake in the British trade and foreign exchange facilitator Ebury, as the Spanish bank seeks to boost its growth via new ventures, the lender announced on Monday.

Mon, 04 Nov 2019 18:13:58 GMT

Citigroup to offer digital savings account for Am. Airlines cardholders

On Monday, Citigroup Inc said it was preparing to introduce a high-interest digital savings account in the beginning of 2020 to the American Airlines cardholders, offering up to 50K miles as a bonus for signing on.

Mon, 04 Nov 2019 17:16:37 GMT

Lion Air aims at $1.0B IPO in 2020

Indonesia's Lion Air is preparing for its initial public offering planned for the Q1 of 2020 that could potentially raise up to $1.0B, sources with a knowledge of the matter reported on Monday.

Mon, 04 Nov 2019 16:27:55 GMT

Microsoft launches new service for business data analysis

On Monday, Microsoft Corp has launched a new cloud tool for analysing business data, called The Azure Synapse system and designed for large businesses, Reuters reported.

Mon, 04 Nov 2019 14:41:08 GMT

Euro Zone manufacturing slumps

Survey results published on Monday revealed that manufacturing in the Euro Zone is expected to decline. The news beat down the value of the Euro.

Mon, 04 Nov 2019 13:43:58 GMT

UK gambling stocks fall on Monday

On Monday, stock prices of UK gambling firms fell, as it was announced that the government would overhaul online casinos.

Mon, 04 Nov 2019 12:41:02 GMT

Oil prices surge

On Monday, crude oil price benchmarks moved higher. The surge was mainly fuelled by the occurring devaluation of the US Dollar.

Mon, 04 Nov 2019 11:57:52 GMT

Boris Johnson comments on Brexit

The Prime Minister of the United Kingdom Boris Johnson stated on Monday that the UK would not extend Brexit transition period.

Mon, 04 Nov 2019 11:24:26 GMT

Apple invests in housing

On Monday, Apple announced that the corporation would pledge $2.5 billion to ease the housing shortage in the state of California.

Mon, 04 Nov 2019 10:08:27 GMT

Ryanair expects further plane delivery delay

The European low-cost airline Ryanair stated on Monday that it expected extension of the Boeing MAX 737 jets' delivery delay.

Mon, 04 Nov 2019 09:18:40 GMT

Experts differ on Saudi Aramco valuation

According to sources familiar with banks' research on Saudi Aramco, the estimates of the company's value vary by more than $1B.

Mon, 04 Nov 2019 06:19:08 GMT

India to continue RCEP talks

The Trade Minister of Australia Simon Birmingham stated on Monday that India would continue negotiations on the Regional Comprehensive Economic Partnership (RCEP) trade deal backed by 16 Asian countries.

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