News

Note: This section contains information in English only.
Thu, 01 Nov 2018 05:52:55 GMT

Sydney Airport CEO wants bigger share of China's tourist market

Sydney Airport CEO Geoff Culbert believed that Australia should do more to capitalize on 80M Chinese tourists travelling abroad every year, despite a 13% increase in the number of China's visitors over the past year to March.

Thu, 01 Nov 2018 05:19:28 GMT

BHP to buy back $10.4B shares

Top global miner BHP stated that it would return shares and pay back $10.4B to shareholders, sticking to a pledge to hand back all of the proceeds from the US shale business sale.

Thu, 01 Nov 2018 05:15:55 GMT

China set for more tax cuts to encourage consumption

China announced plans for more tax cuts in a bid to spur domestic consumption and is set to provide $30.72B in new financing to poor areas until 2020, Zou Jiayi, the Vice Finance Minister, stated.

Thu, 01 Nov 2018 04:31:51 GMT

AIG loss narrows amid reinsurance benefit

American International Group reported a narrowed quarterly loss of $1.26B in the quarter ended September 30, as reinsurance pacts supported the offset of steep losses in North America and Japan.

Thu, 01 Nov 2018 04:27:44 GMT

France, Germany urge China to level playing field for businesses

France and Germany urged Beijing to do more to level EU businesses' playing field in China and address concerns over the business environment through systematic and concrete measures.

Thu, 01 Nov 2018 02:57:08 GMT

EU, UK strike tentative Brexit deal over financial services

Theresa May, the UK Prime Minister, agreed a deal with the EU that would give Britain's financial services companies lingering access to European markets after Brexit.

Thu, 01 Nov 2018 02:53:18 GMT

Ford, VW in talks on electric, self-driving electric vehicles

Ford Motor and Volkswagen were in exploratory talks to cooperate on development of electric and self-driving vehicles in a strategic alliance aimed to save the companies billions of dollars.

Wed, 31 Oct 2018 18:59:23 GMT

Jordan says trade war could rock Swiss Franc

On Wednesday, the Switzerland National Bank Chairman Thomas Jordan said that rising global trade war could hurt the Swiss Franc.

Wed, 31 Oct 2018 18:58:38 GMT

May's spokesperson declines to comment on November 21 Brexit deal date

On Wednesday, the UK Prime Minister Theresa May's spokesperson declined to comment whether a Brexit deal would be reached by November 21.

Wed, 31 Oct 2018 17:59:16 GMT

Raab says Brexit deal to be finalised by November 21

On Wednesday, UK's Brexit Secretary Dominic Raab said that a Brexit deal would be finalised by November 21.

Wed, 31 Oct 2018 17:59:01 GMT

Thousands of migrants depart El Salvador's Capital for US

On Wednesday, more than 2000 migrants departed the Salvadoran capital en-route to the United States, as the US President Donald Trump increased pressure to stop the flow of people.

Wed, 31 Oct 2018 17:02:41 GMT

Airbus struggles to meet jet delivery target

On Wednesday, the European planemaker Airbus announced plans to reduce its jet delivery goal, after series of industrial problems.

Wed, 31 Oct 2018 17:01:00 GMT

Airbus in talks with Emirates and HNA over delivery problems

Airbus is in talks with Emirates Airline about the delay of undelivered A380 jet airliners, and also faces new problems in delivering A330s jet to HNA group.

Wed, 31 Oct 2018 16:17:00 GMT

Anthem shares surge on Wednesday

On Wednesday, Anthem Inc shares surged by 5%, as the health insurer company reported better-than-expected Q3 profit.

Wed, 31 Oct 2018 16:14:06 GMT

Anthem forecast better earnings for 2019

On Wednesday, Anthem Inc Chief Executive Officer Gail Boudreaux said that the company's predictions for the next year's earnings are better than current Wall Street estimates.

Wed, 31 Oct 2018 15:13:00 GMT

DIW institute: EU migrants have good impact on German economy

The DIW economic institute stated that the EU migrants are good for the German economy, as 5M of them bolstered it by about 0.2% annually since 2011 and that the country should strengthen its efforts to lure more citizens.

Wed, 31 Oct 2018 15:04:13 GMT

Vietcombank gets preliminary approvals to open US office

Vietcombank is set to become the first Vietnam's bank to launch a representative office located in the United States, after gaining preliminary agreements to do so, the bank stated on Wednesday.

Wed, 31 Oct 2018 14:39:43 GMT

Elliott's ASG proposes $10 a share to acquire Mitek

On Wednesday, Elliott Management stated that is portfolio unit ASG had offered $10 for a share in cash to acquire fintech provider Mitek Systems.

Wed, 31 Oct 2018 14:31:25 GMT

PepsiCo acquires nutritional food firm in latest health push

PepsiCo stated on Wednesday it had acquired the nutritional food start-up Health Warrior in its latest health push to target the healthy-eating consumers.

Wed, 31 Oct 2018 13:39:24 GMT

TP ICAP considers acquiring Axiom Commodity Group

The biggest interdealer broker in the world, TP ICAP, entered the advanced negotiations over acquiring the US broker Axiom Commodity Group, sources reported on Wednesday.

Wed, 31 Oct 2018 13:37:16 GMT

GM expects robust full year earnings results amid high demand

On Wednesday, General Motors reported a better-than-expected profit results, saying it would expect robust full year earnings results that should be driven by a high demand in North America.

Wed, 31 Oct 2018 12:38:43 GMT

Quad/Graphics to purchase peer LSC for $1.4B

Quad/Graphics, the printing services company, stated on Wednesday it was planning to acquire the peer LSC Communications in the all-stock deal worth around $1.4B, seeking for expansion in the industry.

Wed, 31 Oct 2018 12:35:39 GMT

Italy's state railway to make offer to acquire Alitalia

Ferrovie dello Stato, the Italian local railways, is set to make a proposal to acquire the national carrier Alitalia's assets, the company at the board meeting.

Wed, 31 Oct 2018 11:39:05 GMT

Whittaker-led consortium has time to bid until mid-November

Intu Properties has given to the John Whittaker-led consortium time until November 15 to present a firm proposal for the shopping centre owner.

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