News

Note: This section contains information in English only.
Tue, 02 Jul 2019 04:34:35 GMT

China pushes forward reform

On Tuesday, the Chinese Premier Li Keqiang announced that the government will push forward the needed reforms to open up its manufacturing schedule to foreign investors in 2020.

Tue, 02 Jul 2019 02:36:41 GMT

GIC, Brookfield to buy Genesee & Wyoming

Canadian Brookfield Asset Management Inc and Singapore's sovereign wealth fund GIC agreed to buy the US freight railroad firm Genesee & Wyoming for about $6.4B in cash.

Mon, 01 Jul 2019 19:53:30 GMT

Dutch don't ban Huawei

On Monday, Dutch officials announced that the government will not ban Huawei or any other particular supplier of equipment from 5G network development.

Mon, 01 Jul 2019 18:49:15 GMT

Rate cut pressure remains present

Despite the surge of US stocks caused by the restart of US-China trade talks, on Monday market surveys revealed that the Federal Reserve still is under pressure to cut interest rates.

Mon, 01 Jul 2019 17:40:04 GMT

Argentine lowers interest rates

On Monday, the central bank of Argentina announced that it will lower interest rates. The announcement caused a one percent surge of the Argentine Peso.

Mon, 01 Jul 2019 17:01:16 GMT

Europe's 5G network gets delayed

On Monday, the CEO of Tele2 announced that 5G network services in Europe are being delayed by the US-China trade war and the European country review of Chinese equipment.

Mon, 01 Jul 2019 15:40:41 GMT

Electric car sales increase in Norway

Statistics published on Monday in Norway revealed that during the first half of 2019 nearly half of new automobiles sold were electric.

Mon, 01 Jul 2019 14:43:53 GMT

Hong Kong protestors storm legislature

On Monday, protesters in Hong Kong successfully stormed and smashed the cities legislature. As a response the government announced that it has stopped working on the bill that started the protests.

Mon, 01 Jul 2019 13:48:25 GMT

Careem halts Sudan operations amid Uber takeover deal

The Middle Eastern ride-hailing company Careem halted its Sudan operations due to its takeover deal with Uber, less than 12 months after the firm had launched its service in the country, the spokeswoman reported on Monday.

Mon, 01 Jul 2019 13:36:26 GMT

Genesee & Wyoming to be bought by GIC, Brookfield

On Monday, GIC, Singapore's sovereign wealth fund, and Brookfield Asset Management agreed to acquire Genesee & Wyoming, the US freight railroad owner, in a cash deal valued at $6.4B.

Mon, 01 Jul 2019 12:05:24 GMT

Applied Materials to acquire Kokusai Electric in $2.2B deal

On Monday, Applied Materials, the world's largest chipmaking equipment supplier, announced it would acquire Japan's Kokusai Electric in a $2.2B cash-deal from KKR & Co, the global investment firm.

Mon, 01 Jul 2019 11:32:18 GMT

Aston Martin's investor seeks 3% stake acquisition

The largest investor of Aston Martin is exploring to take another 3% stake, proposing to lift its holding after the luxury carmaker's shares plunged nearly 50% since its IPO nine months ago.

Mon, 01 Jul 2019 10:37:59 GMT

Taiwanese President heads to US this month

Taiwan's President Tsai Ing-wen is set to travel to the United States in July while meeting the Caribbean diplomatic allies, angering China that called on Washington not to let Tsai make a visit.

Mon, 01 Jul 2019 10:06:19 GMT

Safaricom CEO Passes away

On Monday, it was announced that the CEO of East Africa's most profitable firm Bob Collymore has passed away after a two year fight with cancer.

Mon, 01 Jul 2019 08:49:20 GMT

China's AIIB plans to finance infrastructure projects

The Asian Infrastructure Investment Bank is eyeing $10-$12B annually in project financing over the following years, seeking to keep a prudent approach in such investments, Joachim von Amsberg, the lender's policy and strategy vice president stated.

Mon, 01 Jul 2019 08:23:17 GMT

EU shares reach two-month high on US-China revived talks

On Monday, the EU shares rose 1.3%, hitting their two-month high after the United States and China eased their trade tensions by resuming the talks over the weekend.

Mon, 01 Jul 2019 06:53:59 GMT

Facebook to ban ads discouraging people from voting

Facebook is set to ban all ads on its social media platform, which call on people not to participate in the 2020 US Presidential election, according to the company's Civil Rights Audit posted on Sunday.

Mon, 01 Jul 2019 06:19:50 GMT

Italy's UniCredit to adhere to its organic growth

Italy's largest lender UniCredit is planning to adhere to organic growth following the bank's new business plan as EU mergers were difficult, its CEO Jean Pierre Mustier stated on Monday.

Mon, 01 Jul 2019 04:44:09 GMT

Yuan gains value on fundamentals

On Monday, the Chinese Yuan surged against its peer currencies, as the US and China agreed to restart trade talks.

Mon, 01 Jul 2019 04:34:12 GMT

Yen declines on Monday

During Monday's Asian trading session, the Japanese Yen declined in value against the USD, as risk appetite increased with the start of a new week.

Mon, 01 Jul 2019 02:50:16 GMT

Ireland's factory activity declines in June

Irish factory activity contracted for the first time since 2013 in June, with AIB report showing manufacturing PMI slipping to 49.8 in June from 50.4 in the prior month, as an uncertainty over Brexit and slowdown in global trade caught up with economy.

Mon, 01 Jul 2019 02:33:09 GMT

China's factory activity shrinks expectedly

The Caixin/Markit Manufacturing PMI was reported at 49.4 in June, the worst figure since January and below economists' expectations, suggesting a decline in factory activity, as export and domestic demand faltered amid the Sino-US trade war.

Sun, 30 Jun 2019 19:50:42 GMT

DP World to buy Topaz Energy

DP World was in negotiations to acquire oil services firm Topaz Energy and Marine in a $1.3B worth deal, the port operator stated on Sunday.

Sun, 30 Jun 2019 19:07:11 GMT

Jaguar to build EV at British factory

The UK biggest vehicle maker Jaguar Land Rover is anticipated to announce its plans next week to build electric vehicles at the company's English Castle Bromwich plant, the Sunday Times reported.

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