News

Note: This section contains information in English only.
Wed, 09 May 2018 16:21:22 GMT

Trump: China aids efforts with North Korea

On Wednesday, the US President Donald Trump claimed that China helped the US to held negotiations with North Korea after three American citizens had been released by Pyongyang.

Wed, 09 May 2018 15:11:29 GMT

Pokemon Go maker to develop AR 3D maps

On Wednesday, CEO of Pokemon Go maker Niantic Inc John Hanke claimed that his company is planning to create 3D world map, using AR technology with a help of its players.

Wed, 09 May 2018 15:03:06 GMT

North Korea releases three detained Americans

On Wednesday, North Korean authorities released three detained American citizens and handed them to the US Secretary of State Mike Pompeo ahead of a planned summit between the US and North Korea.

Wed, 09 May 2018 14:19:55 GMT

France's Faurencia makes investment into PowerSphyr

Faurencia, the French vehicle company firm, has invested in the US wireless power-tech firm PowerSphyr, not providing any further details on the sum of money.

Wed, 09 May 2018 14:15:22 GMT

ArcelorMittal hires Bank of America-ML to sell EU steel assets

ArcelorMittal hired Bank of America-Merrill Lynch with intention to sell its European steel assets and secure the antitrust clearance to buy the Italian peer Ilva.

Wed, 09 May 2018 13:34:35 GMT

Ford temporarily suspends production of Super Duty, F-series vehicles

Ford Motor has temporarily halted its production of the Super Duty and F-150 pickup trucks at two US plants amid fire at the supplier factory that manufactures the trucks parts.

Wed, 09 May 2018 13:30:21 GMT

SoftBank plans transferring ride-hailing stakes firms to Vision Fund

On Wednesday, Japan's SoftBank Group announced about its plans to transfer its ride-sharing firms' stakes to Vision Fund; a move that could make it one of the largest investors in the industry.

Wed, 09 May 2018 12:37:02 GMT

Fox to acquire seven Sinclair's TV stations for $910M

On Wednesday, 21st Century Fox agreed to purchase seven TV stations from the US Sinclair Broadcast Group in a deal valued at around $910M.

Wed, 09 May 2018 12:33:39 GMT

Audi to launch new software upgrade for its A6/A7 car models

Volkswagen's premium automaker Audi is set to present a new software upgrade to the German motor authority KBA for its extra 60K A6 and A7 models, which had some emissions-related problems.

Wed, 09 May 2018 11:38:31 GMT

Lantern Capital receives approval to buy Weinstein

On Tuesday, the US bankruptcy judge granted its approval to Lantern Capital to acquire the Weinstein's assets, while the funds for the sexual abuse claims were left unclear.

Wed, 09 May 2018 11:35:43 GMT

China's e-commerce platform Meili plans $500M in US IPO

China's fashion e-commerce company Meili is seeking $500M in the US initial public offering planned for this year's second half, sources familiar with the matter reported.

Wed, 09 May 2018 10:26:25 GMT

Walmart to buy Flipkart in India

The US retail giant Walmart is buying Indian e-commerce entity Flipcart, Softbank Group, which is one of the biggest Flipkart's shareholders, said on Wednesday.

Wed, 09 May 2018 10:16:56 GMT

Vodafone to invest $21.8B to increase its European presence

Vodafone has decided to invest $21.8B in Liberty Global's assets in eastern Europe and Germany to take on competitors with wider range of mobile services, broadband and superfast cable TV.

Wed, 09 May 2018 09:38:15 GMT

Slack adds 1M paid users due to increasing competition

On Tuesday, Slack Technologies announced it had added 1M paying users as the firm is facing increasing competition in the software market.

Wed, 09 May 2018 09:34:30 GMT

Avast reduces IPO price range up to 270 pence per share

On Wednesday, the cyber security company Avast has cut the expected price guidance for its landmark IPO to 250-270 pence per share from its earlier range of approximately 250-320 pence.

Wed, 09 May 2018 08:31:43 GMT

FCC chair meets T-Mobile, Sprint CEOs on merger

On Tuesday, the Chairman of the Federal Communications Commission Ajit Pai had a meeting with the Sprint and T-Mobile CEOs, who are seeking the approval for the $26B merger.

Wed, 09 May 2018 08:29:20 GMT

Total agrees to sell retail business unit to Bandari

The French oil firm Total has clinched a deal with Bandari Corporation to sell the company's retail business unit, not disclosing any further information over the sale.

Wed, 09 May 2018 07:12:45 GMT

WeDoctor raises $500M, values company at $5.5B pre-IPO

China's online healthcare solutions business WeDoctor, backed by Tencent Holdings, stated that it raised $500M from several investors, valuing the company at $5.5B on this year's pre-IPO.

Wed, 09 May 2018 07:12:02 GMT

Vodafone agrees €18.4B deal to buy Liberty assets

Vodafone Group agreed an €18.4B deal to purchase operations of cable TV firm Liberty Global in Czech Republic, Germany, Romania and Hungary.

Wed, 09 May 2018 05:06:26 GMT

Toyota forecasts lower operating profit due to stronger Yen

The car manufacturer Toyota Motor Corp expect a 4.2% drop in its operating profit in 2018, as stronger Yen is likely to offset the effect of cost reductions and higher global sales.

Wed, 09 May 2018 05:00:41 GMT

IMF: Asian economies strong, remain vulnerable to protectionism, market corrections

The growth forecast for Asian economies was strong; however, they remained vulnerable to protectionist policies and further market corrections, the IMF reported on Wednesday.

Wed, 09 May 2018 04:07:21 GMT

Chinese e-commerce platform Meili to seek $500M in IPO

The Chinese e-commerce company Meili Inc plans to raise $500M in an initial public offering in the United States scheduled for the second half of 2018.

Wed, 09 May 2018 04:03:05 GMT

Brent crude surges on Wednesday

Brent crude futures soared 2.5% to a three-year high of $76.75 early on Wednesday, as the US withdrawal from the Iran nuclear deal increased worries about the global oil supply.

Wed, 09 May 2018 02:33:52 GMT

Recruit to buy Glassdoor for $1.2B

Japan's HR services operator Recruit Holdings stated that it is set to buy the US job-site owner Glassdoor for $1.2B to tap into the database of salary data and company reviews.

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