News

Note: This section contains information in English only.
Sat, 28 Sep 2019 06:57:48 GMT

SoftBank wants to turn WeWork around

According to a report published by Bloomberg, SoftBank Group Corp is calling its COO, Marcelo Claure, to help the company to turn around WeWork.

Sat, 28 Sep 2019 06:16:49 GMT

Mylan NV to pay $30M fine

The US Securities and Exchange Commission stated on Friday that Mylan NV has agreed to pay a $30M fine for hiding information from investors.

Sat, 28 Sep 2019 05:32:10 GMT

Herbalife Nutrition to pay $20M compensation

The US Securities and Exchange Commission announced on Friday evening that Herbalife Nutrition has agreed that it made deceptive statements regarding its activity in China and agreed to pay $20M compensation.

Sat, 28 Sep 2019 02:50:50 GMT

Facebook's Libra launch likely to be delayed

The release of Facebook's Libra cryptocurrency could be delayed due to regulatory concerns raised across the world, with Germany and France pledging to block it from operating in Europe, while Facebook still plans to launch it next year.

Sat, 28 Sep 2019 02:31:37 GMT

Tod's names ex-Google executive to boost digital effort

Italy's Tod's named Alessandra Domizi, the former Fashion & Retail Industry head at Google, as its new Chief Digital & Innovation Officer, as the leather and shoes goods company seeks to boost its on-going digital transformation.

Fri, 27 Sep 2019 20:00:19 GMT

P&G, Nestle to miss 2020 deforestation targets

The world's two biggest consumer goods firms, Procter & Gamble and Nestle told Reuters this week that the companies are set to fall short of goals to only ingredients, which do not contribute to deforestation by 2020.

Fri, 27 Sep 2019 19:29:10 GMT

Fiat Chrysler to pay $40M on inflated sales data

Fiat Chrysler and its US unit is set to pay $40M for misleading investors over the company's monthly sales data and is likely resolve lengthy probe by the US SEC.

Fri, 27 Sep 2019 18:16:17 GMT

Axel Springer buys MeilleursAgents

German's publisher Axel Springer announced that it completed the acquisition of MeilleursAgents, France's online real estate agent, in a $219M deal.

Fri, 27 Sep 2019 17:04:18 GMT

EZ economic sentiment at five-year low

The economic sentiment in the Euro zone plunged to the lowest level in five years at 101.7 points in September, as trade tensions affected confidence in industry.

Fri, 27 Sep 2019 16:30:42 GMT

Yandex launches video service to rival YouTube

Russia's internet giant Yandex was launching a video-streaming service in a bid to rival Google's YouTube, which will allow users to publish videos on Yandex Zen, personal recommendation platform.

Fri, 27 Sep 2019 15:15:23 GMT

US consumer spending growth slows

The US consumer spending grew 0.1% in August, while business investment remained weak, suggesting the country's economy lost momentum amid trade tensions' linger.

Fri, 27 Sep 2019 14:35:24 GMT

Latam Airlines shares surge stake purchase news

On Friday, LATAM Airlines Group's shares surged over 30%, after Delta Air Lines stated it would acquire the company's 20% stake for $1.9B, building a major new carrier partnership.

Fri, 27 Sep 2019 13:39:40 GMT

AMS raises offer for Germany's Osram

Austria's sensor maker AMS has raised its takeover bid for Osram, the German lighting group, to €41.00 for a share or €4.9B, adding fuel to the fire in a bidding war with rivals.

Fri, 27 Sep 2019 12:39:04 GMT

Wells Fargo appoints new CEO on Friday

On Friday, Wells Fargo & Co appointed Charles Scharf, the CEO of Bank of New York Mellon, as the lender's new interim CEO to replace Allen Parker starting from October 21.

Fri, 27 Sep 2019 11:39:27 GMT

Apple wants to release films in theaters before streaming

On Friday, the Wall Street Journal reported that Apple Inc potentially had an intention to release films in theatres before showing them on the tech giant's streaming TV platform Apple TV+, which should be launched on November 1.

Fri, 27 Sep 2019 09:42:40 GMT

Toyota buys up Subaru stock

On Friday, Toyota Motor Corporation announced that it will increase its share in Subaru from 17% to 20%. Namely, the company will buy up Subaru stock, boosting its price.

Fri, 27 Sep 2019 09:27:57 GMT

Peloton's shares drop 7% in market debut

Shares in Peloton Interactive, the fitness start-up that focuses on the on-demand workout programmes on exercise bikes, plunged 7% in the company's initial public offering launched on Thursday, marking investors' scepticism regarding money-losing start-ups.

Fri, 27 Sep 2019 08:11:14 GMT

Delta considers 10% of Alitalia after buying LATAM stake

Delta Air Lines is still planning to acquire a 10% stake in the struggling Italian flagship airline Alitalia, emphasizing it is the right investment level, Delta's CEO Ed Bastian said to Reuters.

Fri, 27 Sep 2019 06:43:08 GMT

China's diplomat says Beijing seeks buying more US products

China's top diplomat stated that Beijing sought to buy more products produced by the US, adding that trade negotiations would yield positive results in case both countries "take more enthusiastic measures" in order to reduce the "pessimistic language" in the trade dispute.

Fri, 27 Sep 2019 06:23:48 GMT

Delta takes 20% stake in LATAM Airlines

Delta Air Lines is set to acquire a 20% stake worth $1.9B in LATAM Airlines Group, building a major new partnership and halting the carrier's ties with American Airlines.

Fri, 27 Sep 2019 05:06:23 GMT

China needs robust leadership

According to a policy paper published ahead of the 70th anniversary of the establishment of the People's Republic of China, the country requires a strong and united leadership of the ruling party in order to overcome internal and external challenges.

Fri, 27 Sep 2019 04:01:30 GMT

Toyota to increase stake in Subaru

According to sources familiar with the matter, Toyota Motor Corp is planning to increase its stake in Subaru Corp from current 17% to more than 20%.

Thu, 26 Sep 2019 19:51:26 GMT

VW to raise productivity more than 6%

Volkswagen's VW brand stated that it increased productivity, aiming to achieve 6% increase this year, lowered costs and was on course to reach carbon-cutting target at its factories.

Thu, 26 Sep 2019 18:54:37 GMT

VW in talks about plant in Turkey

German vehicle maker Volkswagen was nearing a decision over building the company's new plant in Turkey, a board member stated on Thursday.

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