News

Note: This section contains information in English only.
Thu, 03 Oct 2019 08:27:19 GMT

China's Topsports aims to attract $1.0B in HK IPO

Topsports International Holdings, the Chinese sportswear manufacturer, is seeking to raise $1.0B in its Hong Kong initial public offering with its shares seen to be priced at HK$8.50, according to sources familiar with the matter.

Thu, 03 Oct 2019 06:58:24 GMT

Amazon to launch Alexa in Brazil this month

Amazon.com is set to roll out three different devices of Alexa, its virtual assistant, in Brazil this month, amid the company's rapid expansion of its operations in the Latin American largest economy.

Thu, 03 Oct 2019 06:39:53 GMT

Airbnb to pick Goldman Sachs, Morgan Stanley to lead IPO

Airbnb, the short-term home rental firm. is planning to hire Goldman Sachs and Morgan Stanley as the lead advisers on the planned stock market listing next year.

Thu, 03 Oct 2019 02:42:37 GMT

AdvoCare to pay $150M on FTC charges

AdvoCare International, the multilevel marketing firm focused on health and wellness, is expected to pay $150M to settle the US FTC charges that the company operated a pyramid scheme illegally.

Thu, 03 Oct 2019 02:36:38 GMT

Vice Media to buy Refinery29

Vice Media announced that it is set to buy Refinery29, the online publication with the focus on lifestyle and entertainment pieces for women, in a bid to extend content across platforms.

Wed, 02 Oct 2019 20:10:15 GMT

AMS to unveil results of Osram takeover bid on Friday

Austria's sensor specialist AMS is set to reveal the results of its takeover offer for Germany's lighting group Osram this Friday, a spokesman for the company stated ahead of the German public holiday on Thursday.

Wed, 02 Oct 2019 18:53:24 GMT

Guaido needs US support to retain control of Citgo

Juan Guaido, the Venezuelan opposition leader, needs more support from the White House, in order to retain control of Citgo.

Wed, 02 Oct 2019 17:56:58 GMT

Freedom Holding gains approval to list on New York's NASDAQ

Freedom Holding Corporation, a US holding firm, said on Wednesday that it had gained approval to start trading on New York's NASDAQ from October 15.

Wed, 02 Oct 2019 17:02:06 GMT

Deutsche Bank says 50/50 chance of disorderly Brexit

On Wednesday, Deutsche Bank said that there was still a 50/50 chance that the United Kingdom would leave the EU without a deal by the end of the year.

Wed, 02 Oct 2019 16:00:27 GMT

US stocks hit one-month low

On Wednesday, US stocks hit a one-month low after the US manufacturing activity declined to more than a decade low. The DJI fell by 147.18 points, while the S&P 500 index opened lower by 15.47 points.

Wed, 02 Oct 2019 15:19:44 GMT

UK's PM Johnson unveils final Brexit offer

On Wednesday, the UK Prime Minister Boris Johnson sent his final Brexit offer to Brussels and said that, unless the European Union compromised, the United Kingdom would leave the bloc without a deal.

Wed, 02 Oct 2019 14:30:30 GMT

Huawei's Mate 30 devices lose access to Google app installation

The newly released Mate 30 smartphones by Huawei Technologies lost access to install Android apps manually amid US blacklisting that halts the Chinese tech giant from using American software and other components, Bloomberg announced on Wednesday.

Wed, 02 Oct 2019 13:39:02 GMT

Google rolls out new privacy features to Maps

Alphabet's Google is releasing its new features on privacy to the Google Maps, Voice Assistant and YouTube services, including such options as automatic data deletion and incognito mode, the tech giant announced on Wednesday.

Wed, 02 Oct 2019 11:41:47 GMT

Samsung halts smartphone production in China

On Wednesday, Samsung Electronics Co announced it had ended its mobile phone production in China, as it was hit by severe competition from local rivals in the largest smartphone market in the world.

Wed, 02 Oct 2019 10:42:04 GMT

Paddy Power, Poker Stars owners agree on merger

The owners of Poker Stars and Paddy Power Betfair have agreed on a merger to establish the world's biggest online gambling company by revenue, seeking to take advantage of the US markets opening up.

Wed, 02 Oct 2019 10:14:28 GMT

Global shares decline

On Wednesday, global stock indices declined due to the markets reacting to the Tuesday's release of US ISM Manufacturing PMI. The index was not only below the forecast of 50.4, but also revealed the expectations of a decline by being at 47.8.

Wed, 02 Oct 2019 09:17:40 GMT

UAW drops new General Motors offer

On Tuesday, the United Auto Workers union rejected a new offer made by General Motors, as the deal required 6K layoffs in Mexico, as well as wages and healthcare cuts, the UAW said.

Wed, 02 Oct 2019 08:36:41 GMT

PM Johnson set to unveil final Brexit offer

Boris Johnson, the UK Prime Minister, is set to unveil the final Brexit proposal to the EU bloc on Wednesday, making clear that Britain will leave on October 31 with no further negotiations in case Brussels denies to engage with the offer.

Wed, 02 Oct 2019 06:45:02 GMT

Juul picks Altria executive in regulatory backlash against e-cigarettes

Juul Labs Inc has hired a regulatory affairs head at Altria Group for a similar role to handle regulations in a vaping crisis in the United States, as the e-cigarettes industry might be hit by tough rules.

Wed, 02 Oct 2019 06:34:12 GMT

Telus to buy ADT Canada assets in C$700M deal

Telus Corp announced on Tuesday it would acquire the Canadian operations of ADT, the home security provider, in a deal worth C$700M amid the telecommunications provider's intention to establish its security business.

Wed, 02 Oct 2019 05:00:34 GMT

J&J settles Ohio lawsuits

Johnson & Johnson announced on Tuesday that it would pay $20.4M settlement to two Ohio counties to avoid the US Federal Court trial.

Wed, 02 Oct 2019 04:04:29 GMT

Global equity markets fall to one-month low

On Wednesday, global equity markets hit a one-month low after the US factory activity declined to more than ten years lows, sparking concerns that the US-China trade war was affecting the US economy.

Wed, 02 Oct 2019 03:03:46 GMT

FAA grants UPS approval to operate drone delivery in campus

The US Federal Aviation Administration has granted the United Parcel Service a full approval to fly drone delivery service in the campus.

Wed, 02 Oct 2019 02:21:17 GMT

Kia and Hyundai sue four largest US railroads

Kia Motor Co and Hyundai Motor Co have filed three lawsuits against the four biggest US railroads companies, accusing the firms of imposing fuel surcharges between July 2003 and December 2008.

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