News

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Fri, 25 Jan 2019 18:39:03 GMT

Hong Kong remains world's freest economy

Hong Kong remains the world's freest economy for the 25th consecutive year, shows the Index of Economic Freedom released by the Heritage Foundation.

Fri, 25 Jan 2019 18:37:59 GMT

Chinese FM: China-France ties "brilliant"

China-France bilateral ties are "brilliant", the Chinese State Councilor and Foreign Minister Wang Yi says at a meeting with the French Foreign Minister Jean-Yves Le Drian.

Fri, 25 Jan 2019 16:56:01 GMT

Zuckerberg seeks integration of its social media apps

Mark Zuckerberg, Facebook's Chief Executive Officer, is set to unify the messaging infrastructure of the company's Instagram, Facebook Messenger and WhatsApp services to incorporate the end-to-end encryption to its apps.

Fri, 25 Jan 2019 16:55:54 GMT

Naspers to take full control over Russia's Avito

Naspers, South Africa's e-commerce and media group, is getting closer to the deal to acquire the rest of 32% stake in Russia's Avito, the biggest classified advertising platform.

Fri, 25 Jan 2019 15:56:31 GMT

Russia's RDIF looks at Sistema units stakes

RDIF, Russia's sovereign wealth fund, is considering acquiring stakes in three businesses owned by Sistema conglomerate, according to RDIF's CEO statement on Friday.

Fri, 25 Jan 2019 15:48:37 GMT

Toyota Motor to raise China sales this year

On Friday, the Japanese carmaker Toyota Motor is planning to boost its Chinese car sales by 8% to 1.6M this year, after it sold 1.47M vehicles last year, which was up 14.3% from 2017.

Fri, 25 Jan 2019 15:35:24 GMT

Alibaba criticises US treatment of Huawei

Alibaba has criticised the treatment of Huawei Technologies provided by the United States, calling it "extremely unfair", adding it had considered such measures as "very politically motivated" move.

Fri, 25 Jan 2019 15:21:30 GMT

L'Oreal stocks up cosmetics in UK amid Brexit

The French conglomerate L'Oreal's CEO Jean-Paul Agon stated the group is hoarding cosmetics in Britain amid its preparations for the UK withdrawal from the EU bloc.

Fri, 25 Jan 2019 14:20:11 GMT

Deutsche Bank's board members have no plans for Commerzbank tie-up

One of the Deutsche Bank's board members stated the bank had no intention or desire to sign a merger deal with its competitor Commerzbank in near future.

Fri, 25 Jan 2019 14:14:32 GMT

Accenture, US bank trade group support Finxact

SunTrust Banks, Accenture and the US trade bank group ABA have agreed on Friday to jointly make a $30M investment into the fintech start-up Finxact to help it develop new technology and grow operations.

Fri, 25 Jan 2019 13:27:28 GMT

NATO, Russia fail to solve Russian missile impasse

Russia and NATO meeting on Friday failed to show any progress over impasse resolution regarding new Russia's missile, which the country's Western allies consider as a threat.

Fri, 25 Jan 2019 12:33:42 GMT

Mastercard beats Visa in takeover bid for Earthport

On Friday, Mastercard has made a $305M bid to acquire the British payments firm Earthport, scuttling its rival Visa's efforts to take over the company.

Fri, 25 Jan 2019 12:20:03 GMT

VW to produce mobile EV recharging stations

Volkswagen is set to manufacture the electric vehicle recharging stations and batteries in Germany, as it is seeking electric cars mass production and its components division overhaul.

Fri, 25 Jan 2019 11:20:01 GMT

UK retail sales stagnate

Data released on Friday in the United Kingdom revealed that the UK Retail Sales have stagnated in last month after a sharp drop was revealed in December.

Fri, 25 Jan 2019 11:19:34 GMT

US legislators make an announcement

On Friday, as the federal workers, who are not receiving pay, missed their second paycheck, the US government announced that it is searching for a solution to end the government shutdown immediately.

Fri, 25 Jan 2019 10:39:09 GMT

Robinhood received NY approval for crypto trade

New York has granted its approval for seven cryptocurrencies trading to the commission-free company Robinhood, which online platform includes bitcoin, bitcoin cash and even litecoin.

Fri, 25 Jan 2019 10:36:21 GMT

Japan's Asahi to acquire Fuller's beer unit

Fuller, Smith & Turner's shares soared as much as 21% on Friday after the UK brewer and pub operator announced it had agreed on its beer business sale to the Japanese firm Asahi for $327M.

Fri, 25 Jan 2019 09:35:57 GMT

Microsoft welcomes facial recognition tech regulation

Microsoft's CEO Satya Nadella stated he would welcome the regulation on the facial recognition technology to help accelerate the marketplace in a right way.

Fri, 25 Jan 2019 09:29:03 GMT

Access to Bing revived for some in China

Microsoft's Bing search engine became accessible again for some Chinese users late on Thursday, after it was blocked across the country on Wednesday.

Fri, 25 Jan 2019 08:32:17 GMT

Embraer signs docs for tie-up with Boeing

Embraer SA stated it had signed the necessary documents, such as "master transaction agreement" on its cooperation with Boeing Co, calling shareholder meeting for February 26 to approve the deal.

Fri, 25 Jan 2019 08:28:14 GMT

US government shutdown may hit new car models roll-out

The partial shutdown of the US government might hit the release of new car models in America, as it had stalled the required EPA certifications, carmakers stated on Friday.

Fri, 25 Jan 2019 07:39:06 GMT

Evergrande to buy majority stake in China auto battery maker

Evergrande Health Industry Group is planning to acquire a majority stake worth $156M in the Chinese automobile battery maker, as it seeks to tie up together the firm's electric car production chain.

Fri, 25 Jan 2019 07:36:35 GMT

America Movil acquires Telefonica Central American operations

On Thursday, Mexico's America Movil announced about its purchasing of Telefonica's operations in El Salvador for $315M and in Guatemala for $333M.

Fri, 25 Jan 2019 06:16:02 GMT

International shipping rates continue dropping

The Baltic Dry Index reflecting change of freight tariffs for container and dry-bulk ships fell by 47% over the past six months, thus reflecting global economy's slowdown caused by trade war between the US and China.

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