News

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Tue, 15 Oct 2019 15:20:11 GMT

Tesla to bring Powerwall home battery to Japan

Tesla Inc is set to launch installations of its home power batteries called Powerwall in Japan in spring 2020, the US electric battery and vehicle maker announced on Tuesday, marking its product debut in Asia.

Tue, 15 Oct 2019 13:45:13 GMT

OCTAL in need of adviser amid capital raising plans

OCTAL, the Omani plastics packaging producer, is seeking an adviser ahead of potential capital raising via an equity sale, according to a Reuters report seen on Tuesday.

Tue, 15 Oct 2019 13:39:48 GMT

Wirecard's shares drop over 20% on FT report

On Tuesday, Germany's Wirecard shares dropped more than 20%, after the Financial Times released a report alleging the company of impropriety, saying its accounting practices are indicating attempts to inflate profits and sales.

Tue, 15 Oct 2019 12:37:46 GMT

KKR consortium scraps Latitude IPO

KKR & Co's consortium has cancelled potentially the largest Australian IPO planned for this year, its Latitude Financial lender's listing, Reuters reported on Tuesday.

Tue, 15 Oct 2019 10:53:17 GMT

Carney comments on currency markets

On Tuesday, the Governor of the Bank of England Mark Carney stated that currency brokers should be regulated by the same market-abuse rules that are applied to bond and share trading.

Tue, 15 Oct 2019 09:51:43 GMT

Hyundai plans $35B investment in future automotive tech

Hyundai Motor Group announced on Tuesday it is planning a strategic investment worth $34.65B in the future self-driving technology, as the South Korean top carmaker speeds up its efforts to catch up in the automotive car race.

Tue, 15 Oct 2019 08:51:35 GMT

Blackstone plans tender bid for Japan's Unizo

On Tuesday, Blackstone Group, the private equity firm, announced it would launch its tender offer for the Japanese hotel chain Unizo Holding at $46 per share, shooting back after its previous bid for Unizo was rebuffed.

Tue, 15 Oct 2019 08:34:39 GMT

Exxon Mobil signs expertise-sharing deal with India's ONGC

Exxon Mobil Corp, the global energy giant, is planning to provide its technology and expertise to Oil and Natural Gas Corp, the Indian largest state-owned explorer, to boost the development of its resources in the offshore blocks.

Tue, 15 Oct 2019 06:47:37 GMT

Barneys close to bankruptcy deal

Barneys New York, the US luxury department-store chain, is nearing a $270M bankruptcy deal with Authentic Brands Group, as the contract could result in the Barneys' shops opening in the Saks Fifth Avenue stores.

Tue, 15 Oct 2019 06:37:31 GMT

WeWork leans toward JPMorgan's financing package

The shared office space group WeWork Companies prefers nearly $5.0B JPMorgan Chase's financing package instead of selling its majority stake to the Japan-based SoftBank Group, according to a Bloomberg report.

Tue, 15 Oct 2019 05:58:45 GMT

Stock indices decline

Wall Street stock indices declined on Monday, as uncertainty over the future of global trade was took over.

Tue, 15 Oct 2019 03:41:04 GMT

Oil prices decline on Monday

Crude oil price benchmarks ended Monday's trading with a two percent decline, which was attributed to US-China trade deal doubts.

Tue, 15 Oct 2019 03:32:54 GMT

Britain reviews arms exports to Turkey

The Financial Times reported on Monday that the United Kingdom is reviewing all of its licences for weapons exports to Turkey.

Tue, 15 Oct 2019 01:53:41 GMT

Trump tariffs Turkey

On Monday, as a response on the Turkish attack on Syria, the President of the United States set tariffs on Turkey, which beat down the value of the Turkish Lira.

Mon, 14 Oct 2019 19:43:47 GMT

Mnuchin expects new tariffs

On Monday, the US Treasury Secretary Steven Mnuchin stated that, if no trade deal is made, additional tariffs could be set on China on December 15.

Mon, 14 Oct 2019 17:50:42 GMT

Blizzard Entertainment decreases HK gamer's punishment

Blizzard Entertainment announced on Monday that it would decrease the punishment for a Hong Kong gamer, who publicly supported the pro-democratic protests.

Mon, 14 Oct 2019 17:50:34 GMT

Lufthansa comments on crew strike

On Monday, Lufthansa announced that a scheduled German cabin crew strike is illegal. Meanwhile, the company intends to upkeep all planned flights.

Mon, 14 Oct 2019 16:59:16 GMT

EU officials comment on Brexit

Diplomats of the European Union announced on Monday that a Brexit deal is unlikely due to more concessions being needed from the UK.

Mon, 14 Oct 2019 15:40:28 GMT

Turkish Lira slips 0.6%

On Monday, the value of the Turkish Lira declined by 0.6% due to the US President Donald Trump warning the country about possible sanctions.

Mon, 14 Oct 2019 14:45:38 GMT

SoftBank aims to control WeWork via financing package

SoftBank Group is seeking control over WeWork Companies through its prepared financing package that would significantly increase SoftBank's stake in the shared office space firm, according to Reuters.

Mon, 14 Oct 2019 13:42:07 GMT

Germany allows Huawei access to 5G

On Monday, German officials announced that new security rules would allow Huawei to supply 5G network gear to Germany.

Mon, 14 Oct 2019 12:42:29 GMT

China crack downs on sugar smugglers

A report published by Reuters on Sunday revealed that a Chinese government crackdown on sugar smugglers has increased global supply and decreased prices.

Mon, 14 Oct 2019 11:48:16 GMT

WTO clears US tariffs on EU

On Monday, the World Trade Organization allowed the US to impose tariffs on imports from the European Union due to subsidies given to the plane maker Airbus.

Mon, 14 Oct 2019 10:50:11 GMT

Stock indices decline

During Monday's Asian and European trading sessions, global stock indices declined, as the markets saw no progress in US-China trade talks.

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