News

Note: This section contains information in English only.
Tue, 19 Jun 2018 12:01:04 GMT

Beijing seeks introducing bio-ID tracking systems to underground

China's Beijing is planning to launch a bio-recognition technology, including facial recognition cameras and palm scanners, to accelerate the passenger in the underground at pick times.

Tue, 19 Jun 2018 12:00:48 GMT

Amazon's Alexa to guide guests at Marriott hotels

On Tuesday, Amazon.com stated it had tied up with Marriott International to help raise guest access to amenities via its voice-controlled Echo device and digital assistant Alexa.

Tue, 19 Jun 2018 11:34:48 GMT

Elliott lifts stake in German GEA Group to over 5%

The activist shareholder Elliott raised its stake on Monday in GEA Group, Germany's food processing equipment producer, to 5.03% from the initial 3.01% as of June 12.

Tue, 19 Jun 2018 11:31:55 GMT

China's Geely finalises deal to acquire AB Volvo stake

On Monday, China's Zhejiang Geely Holding Group has completed its deal, which had been pending since the last year, to acquire 14.9% stake in AB Volvo, the Swedish truckmaker.

Tue, 19 Jun 2018 09:53:41 GMT

VW nominates new interim Audi Chief

The supervisory board of Volkswagen has named Bram Schot as the interim CEO of the Audi brand after the arrest of the current Chief Rupert Stadler.

Tue, 19 Jun 2018 09:53:19 GMT

Portuguese government approves shortlist for Mercantile Bank's sale

The Portuguese government has approved a shortlist of buyers for Mercantile Bank, which includes such companies as Capitec Bank and Nedbank Group.

Tue, 19 Jun 2018 09:35:13 GMT

China's Xiaomi reduces likely valuation to $55B-$70B

China's smartphone developer Xiaomi has cut its preliminary valuation to between $50B and $70B, amid the company's decision to postpone its mainland IPO until it launches Hong Kong listing.

Tue, 19 Jun 2018 09:31:47 GMT

Vitol-led consortium in talks to acquire Nigerian assets from Petrobras

According to industry sources, a group led by the key oil trader Vitol is in talks to buy stakes in Nigeria's offshore fields from the Brazilian firm Petrobras and its partners.

Tue, 19 Jun 2018 08:24:46 GMT

Bloomberg: Kraft Heinz plans selling Complan in India

On Monday, Bloomberg reported that Kraft Heinz is planning to sell India's Complan brand for approximately $1.0B, looking for potential buyers.

Tue, 19 Jun 2018 08:19:30 GMT

American firm SurveyMonkey confidentially registers for IPO

SurveyMonkey, the US online survey firm, stated on Monday it had confidentially filed for a public listing with the US Securities and Exchange Commission, via its parent SVMK.

Tue, 19 Jun 2018 07:09:52 GMT

Tokio Marine to buy Indonesia, Thai units from Australia's IAG

On Tuesday, Insurance Australia Group announced it would sell its Indonesia and Thai operations to Japan's Tokio Marine Holdings in a deal worth $390M.

Tue, 19 Jun 2018 07:03:36 GMT

Forest City Realty resumes talks with Brookfield

The US Forest City Realty Trust has resumed discussion with Brookfield Asset Management over Canada's firm takeover, according to the Bloomberg report on Monday.

Tue, 19 Jun 2018 06:36:10 GMT

Roche set to acquire rest of Foundation Medicine for $2.4B

Roche Holding, the Swiss drugmaker, agreed to acquire the rest of the US genomic profiling group Foundation Medicine in a deal worth $2.4B, bringing the value of the company to $5.3B.

Tue, 19 Jun 2018 06:32:10 GMT

KKR nears agreement to buy stake in Altice's telecom towers

KKR, the private equity company, is close to acquire a stake in Altice, the telecom towers unit in a deal that would help the companies to pay down the debt and restructure its EU operations.

Tue, 19 Jun 2018 05:32:48 GMT

Asian stocks book another decline

On Tuesday, a sell-off continued in the Asian equities markets, as they declined to a four-month low level.

Tue, 19 Jun 2018 05:32:19 GMT

Intel plans to go around Trump's tariffs

Reuters on Tuesday announced that Intel Corp has devised a way to avoid the Trump's tariffs set on China by the US President Donald Trump.

Tue, 19 Jun 2018 03:57:54 GMT

Swiss Central Bank sticks to its policy

In accordance with a unanimous Reuter's poll of various analysts, the Swiss National Bank is set to keep its ultra-loose policy on Thursday.

Tue, 19 Jun 2018 03:55:13 GMT

ZTE stock plummets on Tuesday

On Tuesday, the share price of ZTE dropped significantly, as the US Senate passed a defence bill that could kill the White House's agreement to allow the company to do business with US companies.

Tue, 19 Jun 2018 03:39:28 GMT

Trump threatens to impose new tariffs on Chinese goods

The US President Donald Trump threatened to impose a 10% tariff on $200B of China's goods, as the trade conflict between the two largest economies escalated quickly.

Tue, 19 Jun 2018 03:35:45 GMT

Australian HPI falls 0.7% in March quarter

The Australian Bureau of Statistics reported that the country's Home Price Index fell 0.7% in the March quarter, surpassing expectations for a 0.9% drop and following a 1.0% increase in the prior quarter.

Mon, 18 Jun 2018 20:27:26 GMT

CFTC suggests JPMorgan to pay $65M to settle charge on swap rate manipulation

JPMorgan would have to pay a civil penalty of $65M to settle charges that the bank attempted manipulating ISDAfix swap rates in 2007-2012, the US Commodities Futures Trading Commission stated.

Mon, 18 Jun 2018 20:20:27 GMT

Merkel set to support Italy in migration challenge

Germany's Chancellor Angela Merkel stated that she wanted to provide Italy support in efforts to diminish the number of migrants, who are arriving on shores, handling asylum requests in non-European countries.

Mon, 18 Jun 2018 19:37:39 GMT

Retailer GameStop in discussions with buyout companies

Electronics and videogame retailer GameStop is having talks with individual equity companies about a possible deal after getting buyout interest, people aware of the subject said on Monday.

Mon, 18 Jun 2018 19:16:39 GMT

Canada mulls automobile companies aid in reaction to US tariffs threat

Canada is thinking about alternatives, including offering financial help to the car industry, to handle possible US tariffs, a superior federal minister said.

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