News

Note: This section contains information in English only.
Tue, 13 Aug 2019 05:17:56 GMT

Verizon to sell Tumblr to owner of WordPress

Verizon Communications announced it is likely sell Tumblr, its blogging website, to Automattic, which is the owner of WordPress.com.

Tue, 13 Aug 2019 04:32:41 GMT

China's FDI up 7.3% in January-July

Foreign direct investment in China grew 7.3% year-over-year to $75.56B in the first seven-month period of this year, the Commerce Ministry stated.

Tue, 13 Aug 2019 03:25:04 GMT

Singapore slashes GDP forecast for 2019

Singapore slashed its economic growth forecast for 2019 to 0%-1% from the prior 1.5%-2.5% expectation, as global conditions worsened and data confirmed the weakest growth pace in a decade due to mounting fears of recession.

Tue, 13 Aug 2019 02:39:29 GMT

Colombia fines Uber $629K

Colombia's commerce regulator stated it would fine Uber Technologies more than $629K for obstructing a 2017 regulatory visit.

Mon, 12 Aug 2019 19:49:14 GMT

Argentina's Peso collapses

The Argentine Peso fell by 30.3% to a record low against the US Dollar on Monday, as the country's primary vote suggests a return to interventionist economics.

Mon, 12 Aug 2019 18:53:36 GMT

South Korea sets to drop Japan from its White list

According to sources with knowledge of the matter, South Korea plans to drop Japan from its fast-track trade white list.

Mon, 12 Aug 2019 18:00:53 GMT

British Diageo signs joint venture deal with Cuba Ron SA

Diageo Plc, the British beverage giant, has signed an agreement with Cuba's Ron SA to market the Cuban rum. The deal comes at a time when the US is trying to dissuade investment in Cuba.

Mon, 12 Aug 2019 17:03:13 GMT

Italian political parties to meet on Monday

Italy's political parties were expected to meet on Monday to discuss whether to recall the parliament immediately, as the right-wing party's leader Matteo Salvini election bid meets resistance.

Mon, 12 Aug 2019 15:56:36 GMT

Rite Aid names Donigan as new Chief Exec

On Monday, Rite Aid Corp has appointed Heyward Donigan as the company's new Chief Executive Officer, seeking to halt sales declines, triggered by intense competition, with her competence in managing healthcare firms.

Mon, 12 Aug 2019 14:42:54 GMT

Deliveroo to cease operations in Germany

Deliveroo, the UK food delivery service, is set to halt its operations in Germany by the end of this week, shifting its focus to other markets, the Amazon-backed company's spokesman stated on Monday.

Mon, 12 Aug 2019 13:55:22 GMT

German exports to Iran reduced by half in H1

Germany's exports to Iran halved by 48% to $758.8M in the year's first half, according to data seen on Monday, tumbled by sanctions against Tehran reimposed by the United States.

Mon, 12 Aug 2019 11:40:55 GMT

Iberdrola plans 40% stake sale in UK wind project

Iberdrola, the Spanish energy company, is planning a 40% stake sale in East Anglia One, the UK offshore wind project, to Green Investment Group in a deal valued at $2.0B, Iberdrola stated on Monday.

Mon, 12 Aug 2019 11:34:26 GMT

ByteDance rolls out new China search engine

The short-video app TikTok owner ByteDance, has released to China its new search engine, entering the sector dominated by its rival Baidu.

Mon, 12 Aug 2019 09:57:36 GMT

Yen surges on Monday

During the Asian trading session on Monday, the Japanese Yen surged in value. The move was attributed to a minor run to safe assets.

Mon, 12 Aug 2019 09:19:47 GMT

Sorrell's S4 Capital takes over influencer agency IMA

On Monday, S4 Capital, the new advertising vehicle owned by Martin Sorrell, has taken over an influencer marketing firm IMA in a deal valued at €10.0M to combine it with the company's MediaMonks content arm to boost production output.

Mon, 12 Aug 2019 07:54:10 GMT

China NEVs sales plunge 4.7% in July

The new energy vehicles sales in China dropped 4.7% to 80K units in July, compared to the previous year, for the first time in over two years, according to data provided by the country's largest car industry association.

Mon, 12 Aug 2019 07:37:39 GMT

Sensor specialist AMS starts bidding war for Osram

On Sunday, Austria's sensor specialist AMS has launched bidding war for Germany's Osram, seeking to pay $3.8B for the lighting group's shares, topping Bain Capital and Carlyle offer by 10%.

Mon, 12 Aug 2019 06:35:10 GMT

NN Group head Friese to become new Aegon's CEO

Lard Friese, the NN Group CEO, is set to move to the competitor Dutch insurer Aegon, starting next year, to succeed the current Chief Executive Alex Wynaendts, the companies announced on Monday.

Mon, 12 Aug 2019 04:41:52 GMT

Air Canada lifts Transat purchase bid to C$720M

Canada's biggest airline Air Canada lifted the value of its bid to acquire Transat AT, the Canadian tour operator, to about C$720M, or C$18 for a share, both companies stated in a statement.

Mon, 12 Aug 2019 02:53:32 GMT

Goldman Sachs: US-China trade war leads to recession

Goldman Sachs stated that fears of the US-China trade war leds to a recession were increasing and that they no longer expect a trade deal between two countries before the US presidential election.

Mon, 12 Aug 2019 02:26:25 GMT

Private car sales fall markedly in Ireland

A total of 18.7K units of new personal vehicles were sold in Ireland last month, down 9.7% compared with the same period of last year, the latest report from the CSO revealed.

Sun, 11 Aug 2019 20:26:07 GMT

Sandvik's CEO to quit

Björn Rosengren, the CEO and President of Swedish equipment producer Sandvik AB, has decided to leave the company next February.

Sun, 11 Aug 2019 19:22:24 GMT

Germany suspends $39M aid to Brazil

According to Brazilian media, Germany has decided to cancel a $39M transfer to Brazil aimed at helping fight deforestation.

Sun, 11 Aug 2019 18:21:52 GMT

BlackRock takes $875M stake in Authentic Brands

On Sunday, BlackRock's Long Term Private Capital fund has completed acquisition of a $875M stake in Authentic Brands Group, thus becoming the company's largest shareholder.

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