News

Note: This section contains information in English only.
Tue, 28 May 2019 04:29:30 GMT

New York takes top finance spot

On Tuesday, a survey was published by Duff & Phelps, which revealed that New York has overtaken London as world's top financial centre.

Tue, 28 May 2019 03:57:31 GMT

Huawei reviews FedEx relationship

China's telecoms equipment producer Huawei was reviewing the relationship with FedEx after it claimed that the US delivery company, without explanation, diverted two parcels with destination for Huawei's addresses in Asia to the US.

Tue, 28 May 2019 02:37:55 GMT

ConocoPhillips: weak LNG prices temporary

ConocoPhillips announced expectation that current weak prices of global LNG are likely to improve, as rising demand soaks up the excess supply in the market, the company's CEO stated.

Mon, 27 May 2019 19:40:45 GMT

Oil prices surge on Monday

During Monday's trading session, crude oil price benchmarks surged by more than one percent. The surge was caused by tensions in the Middle East.

Mon, 27 May 2019 19:26:58 GMT

Alibaba considers equity issue

On Monday, it was revealed that Alibaba Group Holding is considering raising additional 20$ billion by listing its stock on Hong Kong stock exchange.

Mon, 27 May 2019 17:27:25 GMT

IKEA to launch new app amid strategy shifts

IKEA is planning to change its store strategy and revamp the app, allowing the customers to shop online for the company's products they can visualise within the context of their homes.

Mon, 27 May 2019 17:12:20 GMT

Google plans €600M investment in Finnish data centre

On Monday, Alphabet's Google announced it would invest around €600M in a new Finnish data centre in the city of Hamina on the back of rising demand for the tech giant's services.

Mon, 27 May 2019 16:08:59 GMT

Euronext becomes sole bidders for Oslo Bors

Euronext has become the sole bidder for over 50% shares of Oslo Bors, after its rival Nasdaq walked away from the bid on Monday, despite valuing the Norwegian stock market operator at the same price of about $783M.

Mon, 27 May 2019 14:59:52 GMT

Metro sees eight second-round offers for China arm

According to Reuters, no less than eight suitors are set to make their second-round proposals to acquire a controlling stake in the Chinese operations of the German wholesaler Metro, valued at up to $2.0B.

Mon, 27 May 2019 14:34:19 GMT

FCA-Renault deal unlikely to complete deal less in a year

Fiat Chrysler and Renault merger deal could take over a year to be finalised, Reuters reported on Monday, citing FCA's CEO Mike Manley in his letter to the carmaker's employees.

Mon, 27 May 2019 12:54:07 GMT

ECB extends deadline for supervision job

The European Central Bank prolonged the deadline for its three supervision jobs, after failing to hire women for these roles, marking the lender's long struggle to lure female talent for its senior positions.

Mon, 27 May 2019 12:38:26 GMT

UK interior minister sees EU election results as disappointing

On Monday, Sajid Javid, the British interior minister, stated that the performance of his Conservative Party in the EU Parliament elections was "hugely disappointing", adding his party would have to unite to deliver the Brexit.

Mon, 27 May 2019 11:03:23 GMT

Italian bank bad loan plan extended until 2021

On Monday, the European Commission has granted its approval for the extension of the Italian state guarantee scheme, designed to help the country's lenders sell bad loans, until May 2021.

Mon, 27 May 2019 09:41:03 GMT

Pro-EU parties remain dominant in Parliament

On Monday, the election results of the European Union Parliament were released. Pro-EU parties have remained dominant despite nationalists gaining more support than in the prior elections.

Mon, 27 May 2019 09:36:29 GMT

PSA shares down on FCA-Renault merger offer

PSA's shares dropped as much as 2.4% on Monday, potentially tumbled by Fiat Chrysler proposal to merge with Renault, whose shares, in contrast, surged 12%, according to Reuters.

Mon, 27 May 2019 08:38:25 GMT

Total plans stake cut in Kashagan oilfield

France's Total is planning to sell its stake part in Kazakhstan's Kashagan oilfield, seeking to raise about $4.0B, according to four banking sources.

Mon, 27 May 2019 07:34:01 GMT

Nasdaq walks away from Oslo Bors bid

On Monday, Nasdaq has withdrawn its offer to acquire Oslo Bors, Norway's stock market operator, making its European rival Euronext the sole bidder for over 50% of shares in the company.

Mon, 27 May 2019 06:39:15 GMT

UK's Farage demands seat at Brexit negotiations

On Monday, Britain's Nigel Farage has demanded a seat at the Brexit negotiations, following his party victory at the UK's European Parliament election.

Mon, 27 May 2019 04:54:22 GMT

Trump calls on Japan two even out trade imbalance

The US President Donald Trump pressed on Monday on the Japanese Prime Minister Shinzo Abe to smooth out trade imbalance with the US during his four-day visit to Japan to demonstrate the alliance between the countries.

Mon, 27 May 2019 04:33:35 GMT

FCA, Renault set to confirm tie-up talks

On Monday, the carmakers Renault and Fiat Chrysler are set to go with an official public statement on their tie-up talks, after the news broke during the weekend about the two world leaders' potential merger.

Mon, 27 May 2019 02:54:32 GMT

East Hope Group considers $10B investment in UAE

China's East Hope Group was evaluating plans to invest $10B in the industrial zone of the United Arab Emirates, acceding other Chinese firms, which seek a slice of China's Belt and Road initiative.

Mon, 27 May 2019 02:25:52 GMT

China's industrial profits decline 3.7%

Profits earned by Chinese industrial firms decreased 3.7% year-over-year to $74.80B, after a 13.9% jump in the prior month, rising concerns over the already slowing economic growth in the wake of an escalation in Sino-US trade tensions.

Sun, 26 May 2019 19:45:29 GMT

UK Parliament ends weekend in turmoil

On Sunday, the main topic of UK politicians was a no deal Brexit. Various Prime Minister candidates published various announcement in attempts to gather support.

Sun, 26 May 2019 19:24:31 GMT

European elections reach record turnover

On Sunday, the European Union election results reached a record turnover. The statistics was attributed to the large support for nationalistic parties.

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