News

Note: This section contains information in English only.
Tue, 22 May 2018 13:28:19 GMT

Elon Musk admits breaking issue in Model 3

Tesla's CEO Elon Musk has admitted there was a malfunction issue with the Model 3 sedan discovered by Consumer Reports, adding the carmaker would fix the problem as soon as possible.

Tue, 22 May 2018 12:38:18 GMT

China to explore new measures to attract foreign investment

China's PM Li Keqiang stated the government was set to explore new measures to draw foreign investment, planning to revise a foreign investment negative list in the near future.

Tue, 22 May 2018 12:36:29 GMT

British watchdog calls on banks to use better tech in battle with cyber-crime

On Tuesday, a UK watchdog stated that British banks must use innovative technology inn their battle with cyber-crimes amid widespread fraud risks and an increase of cyber-attacks.

Tue, 22 May 2018 11:39:14 GMT

Century Securities offered for sale with $560M price tag

On Tuesday, Anbang Insurance Group's Century Securities has been put up for a sale with at least $50M price tag in the first move of the planned asset sales, controlled by the state takeover group.

Tue, 22 May 2018 11:30:44 GMT

Palestine calls for full inquiry into Israel at Hague court

Riyad al-Maliki, the Palestinian Foreign Minister, demanded the International Criminal Court's prosecutors to launch a full inquiry into the alleged Israeli HR abuses on the territory of Palestine.

Tue, 22 May 2018 10:37:16 GMT

BP makes $20M investment into Israel's fast-charge battery firm

The oil giant BP announced on Tuesday that its venture capital fund made a $20M investment into the Israeli fast-charging battery company StoreDot, as part of its push to tap the growth in EV technologies.

Tue, 22 May 2018 10:33:58 GMT

AccorHotels considers granting board seat to Huazhu Hotels

On Tuesday, AccorHotels stated it would consider in the following weeks whether to give Huazhu Hotels a board seat, following the Chinese hospitality firm's purchase of 4.5% stake in the company.

Tue, 22 May 2018 09:37:29 GMT

Australian firm Santos rejects Harbour Energy's takeover bid

Australia's Santos has finalised the talks with Harbour Energy and rejected its final takeover proposal of $10.8B, saying it did not represent the company's full value.

Tue, 22 May 2018 09:34:29 GMT

Yageo's unit to buy US Pulse Electronics for $740M cash

On Tuesday, the Taiwanese firm Yageo stated its subsidiary is set to acquire the US electronic component manufacturing and design company Pulse Electronics in a $740M cash deal.

Tue, 22 May 2018 08:33:25 GMT

ATON lifts stake in South Africa's Murray & Roberts to 40%

On Tuesday, Germany's investment house ATON stated it had raised its stake in Murray & Roberts, the South African builder, to nearly 40%.

Tue, 22 May 2018 08:27:58 GMT

Emirates NBD signs takeover deal with Turkey's Denizbank

Emirates NBD has clinched a deal worth $3.19B to acquire Turkey's lender Denizbank from Russia's Sberbank, which would be its largest ever acquisition.

Tue, 22 May 2018 06:54:08 GMT

Sony is set to become largest music publisher

As the Sony and EMI deal announced this morning goes through, Sony was set to become the world's largest music publisher.

Tue, 22 May 2018 06:53:26 GMT

Oil prices continue to surge on Tuesday

The prices for crude oil increased on Tuesday morning, as the price per barrel for Brent oil was nearing the $80 mark.

Tue, 22 May 2018 06:35:35 GMT

Sony set to acquire EMI Music in $2.3B deal

Sony is set to acquire control of EMI Music Publishing in a deal valued at $2.3B, as the tech firm seeks to bolster entertainment content assets, shifting away from the low-margin consumer electronics.

Tue, 22 May 2018 06:29:50 GMT

Amazon hires ex-NBC exec Sanders to help run TV productions

On Monday, Amazon.com stated it had hired the former NBC executive Vernon Sanders to help the company run its TV productions, appointing him as the co-head of television.

Tue, 22 May 2018 04:50:42 GMT

Bank of Japan lays out rules for stopping monetary easing

The Governor of Bank of Japan on Tuesday announced that the bank will announce the end of ultra-easy policy when rules for reaching the bank's price goal are made more robust.

Tue, 22 May 2018 04:50:32 GMT

Trump overturns auto lending rule

The President of the US recently signed a congressional resolution, which overhauls a Consumer Financial Protection Bureau's rule that was aimed at baring discrimination in auto lending.

Tue, 22 May 2018 04:24:54 GMT

NYSE appoints new president

The New York Stock Exchange has appointed Stacey Cunningham as the president of the Chief Operating Officer.

Tue, 22 May 2018 04:23:56 GMT

US and China are near ZTE deal

Representatives of the US and China are near to closing a deal, which would lift the sales ban set on Chinese telecommunications giant ZTE Corp.

Tue, 22 May 2018 03:02:42 GMT

BoJ Kuroda to consider side effects of stimulus program

The Governor of the Bank of Japan Haruhiko Kuroda stated that the Bank is set to take into consideration the side effects of easy monetary policy.

Tue, 22 May 2018 03:01:55 GMT

Adobe to purchase Magento Commerce for $1.68B

Adobe Systems stated that it is likely to purchase Magento Commerce, the provider of e-commerce services, form private equity company Permira for $1.68B in cash.

Tue, 22 May 2018 02:33:11 GMT

Kabbage to launch services of payment processing by 2018 end

The US online lender for small businesses Kabbage announced plans to launch payment services by the end of this year, in a bid to diversify and compete directly with Square and PayPal.

Tue, 22 May 2018 02:32:59 GMT

Micron to repurchase up to $10B of shares

Micron Technology stated that it is set to buy back up to $10B of the company's shares or nearly 16% of its market value, making the biggest ever buyback of memory chip maker.

Mon, 21 May 2018 19:54:03 GMT

Fed's Harker sees two or three more rate hikes this year

The President of the Federal Reserve Bank of Philadelphia Patrick Harker said raising inflation in the US should result in two or three more hikes by the Fed this year.

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