News

Note: This section contains information in English only.
Wed, 15 Aug 2018 09:56:56 GMT

Ex-Baidu executive Lu to head Y Combinator's new Chinese arm

Y Combinator, the US start-up incubator, stated it was establishing a new China unit, which would be led by the former Baidu COO Qi Lu.

Wed, 15 Aug 2018 09:38:43 GMT

Blackstone in talks to acquire Indian Jet Airways loyalty unit

Blackstone Group, the US private equity company, is in negotiations to buy a stake in India's frequent-flier loyalty programme of Jet Airways, according to Bloomberg.

Wed, 15 Aug 2018 09:26:22 GMT

Brazil's Gafisa considers merger or sale

On Tuesday, Brazil's homebuilder Gafisa stated that it would seek a merger deal or a sale of the firm, as it wanted to prevent GWI Asset Management, its biggest shareholder, from naming all the board members.

Wed, 15 Aug 2018 08:38:08 GMT

Lampert's hedge fund proposes to acquire Kenmore brand

Sears CEO Edward Lampert's hedge fund offered to acquire the firm's Kenmore appliances brand in a cash-deal that could be valued at $400M, Sears stated on Tuesday.

Wed, 15 Aug 2018 08:33:53 GMT

Patria Investimentos thinks over bidding for Cesp

Brazil's asset management company Patria Investimentos is thinking over a takeover bid for the power generation firm Cesp, a source familiar with the matter reported on Wednesday.

Wed, 15 Aug 2018 07:01:21 GMT

Diamondback to acquire Energen for $9.2B

Diamondback Energy, the US gas and oil producer, agreed on Tuesday to acquire its rival Energen in the all-stock deal worth $9.2B to boost the company's presence in the country.

Wed, 15 Aug 2018 06:55:56 GMT

Aridis Pharmaceuticals shares surge in US market debut

Aridis Pharmaceuticals, the biotechnology company, have surged as much as 5.4% to $13.70 in the firm's US market debut this Tuesday, bringing its market value to $102.7M at the opening price.

Wed, 15 Aug 2018 06:36:59 GMT

US chipmaker Intel unveils more chip flaws

The US chipmaker Intel announced on Tuesday there were three more flaws in its microprocessors that raises a risk of accessing the computer memory's certain data by the third parties.

Wed, 15 Aug 2018 06:31:32 GMT

Tesla names panel of three members to decide on Musk proposals

On Tuesday, Tesla's board formed a three-member special committee to evaluate on the CEO Elon Musk's proposal to take the EV maker private.

Wed, 15 Aug 2018 04:51:28 GMT

Reuters: investment firms seek Yum China buyout

Investment firms consider buying out Yum China Holdings Inc, the biggest fast-food operator in China with the market value of $13.6B, as reported by Reuters.

Wed, 15 Aug 2018 04:50:44 GMT

Walmart, DeGeneres to launch joint women's fashion line

The US-based retailer Walmart plans to introduce a women's fashion line together with the talk-show host Ellen DeGeneres, thus seeking bigger market share in this industry.

Wed, 15 Aug 2018 04:17:35 GMT

RBS will pay $4.9B to settle misconduct claims

The Royal Bank of Scotland is set to pay a penalty of $4.9B to settle claims that it had mislead investors about risks related to mortgage-backed securities from 2005 to 2008.

Wed, 15 Aug 2018 04:16:32 GMT

Australian wages grow 0.6% in Q2Y2018

The Australian Bureau of Statistics reported on Wednesday that wages grew by limited 0.6% in seasonally adjusted terms during the second quarter of 2018, compared to 0.5% in Q1.

Wed, 15 Aug 2018 02:51:56 GMT

New home prices in China rise 1.1% in July

According to data provided from the Chinese National Bureau of Statistics, new home prices in China rose 1.1% in July in comparison to a previous month.

Wed, 15 Aug 2018 02:50:32 GMT

South Korea's Moon: North Korea summit to result in denuclearisation progress

On Wednesday, the President of South Korea Moon Jae-in claimed that a new summit with North Korea would result in denuclearisation talks progress and the end to 1950-1953 Korean War.

Wed, 15 Aug 2018 02:32:20 GMT

Lockheed wins $2.9B contract for US Air Force

On Tuesday, the Secretary of the US Air Force Heather Wilson claimed that Lockheed Martin Corp has been rewarded $2.9B worth contract for three missile detecting satellites. 

Wed, 15 Aug 2018 02:26:55 GMT

China: US solar tariffs violate WTO trade rules

The Ministry of Commerce of China claimed that the decision of the US to implement additional tariffs on imported renewable energy products seriously harms China's interests and violates WTO trade rules.

Tue, 14 Aug 2018 20:15:27 GMT

Sprint ties up with LG to present 5G smartphone next year

On Tuesday, Sprint Corp stated it had partnered with LG Electronics, the phone manufacturer, as it was planning to present a 5G smartphone in 2019, marking its first 5G electronic device deal.

Tue, 14 Aug 2018 20:10:43 GMT

Kroger plans private label products sale in China via Alibaba

Kroger is planning a sale of the company's private label products in China through Alibaba's Tmall platform, in its first international venture outside the United States.

Tue, 14 Aug 2018 19:09:36 GMT

Alphabet plans $375M investment into Oscar Health

Alphabet is planning to invest $375M in Oscar Health to help it expand to more business and markets segments, the health insurance firm stated on Tuesday.

Tue, 14 Aug 2018 19:06:43 GMT

Sequoia China to attract $6.0B in new fund

Sequoia capital China tied up with the local venture capital fund and the e-commerce powerhouse JD.com, seeking to raise up to $5.81B for a new fund company to target late-stage tech investments.

Tue, 14 Aug 2018 18:07:09 GMT

Tinder founders sue parent company

Founders of the dating app Tinder sued on Tuesday its parent company IAC/InterActiveCorp for deliberately undervaluing its stock and thus avoiding paying billions of dollars.

Tue, 14 Aug 2018 18:06:46 GMT

Uber names new CSO

The ride-hailing company Uber Technologies Inc appointed Matt Olsen as the new Chief Security Officer, the firm said in a statement on Tuesday.

Tue, 14 Aug 2018 17:09:59 GMT

Amazon to open customer service centre in Colombia

Amazon.com Inc announced on Tuesday its intention to open a customer service centre in Colombia which is estimated to employ around 600 people.

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