News

Note: This section contains information in English only.
Thu, 17 May 2018 02:51:53 GMT

Tencent shares open 7% higher on high Q1 profit

Shares of Tencent Holdings opened 7% higher in Hong Kong, following the company's report of better-than-anticipated results in the March quarter.

Thu, 17 May 2018 02:34:19 GMT

Amazon cuts prices in Whole Foods for Prime members

Whole Foods debuted a loyalty program for Prime customers, which would test whether Amazon's $13.7B deal intensifies price war in the industry dominated by Kroger and Walmart.

Thu, 17 May 2018 02:33:32 GMT

Japan considers retaliatory tariffs against US

Japan was considering slapping retaliatory tariffs on the US exports worth $409M against aluminium and steel import tariffs imposed by Donald Trump.

Wed, 16 May 2018 19:51:35 GMT

Toll Collect settles dispute with German government

Toll Collect is to reimburse the German government €3.2B in order to settle a dispute over delayed introduction of a satellite truck toll system.

Wed, 16 May 2018 19:51:17 GMT

Macy's raises full-year profit forecast

The US-based department store chain Macy's Inc raised on Wednesday its yearly profit forecast in response to strong tourism spending and gains from a wider product assortment.

Wed, 16 May 2018 19:00:26 GMT

EBRD is ready to lend additional funds to Western Balkans

The European Bank for Reconstruction and Development is willing to lend more funds to Western Balkan countries to boost reforms and attract investment, the Bank said today.

Wed, 16 May 2018 18:58:51 GMT

Fed's Bullard says rate hikes to slow down economy, reduce inflation

The President of the Federal Reserve Bank of St. Louis James Bullard said further interest rate increases would slow the US economic growth and reduce inflation.

Wed, 16 May 2018 17:52:58 GMT

Zuckerberg to meet EP leaders over data privacy

The Facebook CEO Mark Zuckerberg is set to meet European Parliament leaders to answer questions about the improper handling of users' private data by Cambridge Analytica.

Wed, 16 May 2018 17:52:28 GMT

Reuters: Brent expected to remain above $70 a barrel due to tighter supply

According to a recent poll by Reuters, the price of Brent crude is likely to remain above $70 a barrel, as the new US sanctions on Iran should tighten the oil supply.

Wed, 16 May 2018 17:10:54 GMT

Richemont introduces new watch brand to attract younger customers

The Swiss luxury goods company Richemont has launched a watch brand Baume which is priced considerably lower in an attempt to attract younger customers.

Wed, 16 May 2018 17:02:37 GMT

UK stocks end session at four-month high

UK stocks ended the trading session on Wednesday at a four-month high, boosted by the strong appreciation of Paddy Power Betfair and Burberry.

Wed, 16 May 2018 16:12:30 GMT

Macron to talk with Zuckerberg on tax, data privacy

The President of France Emmanuel Macron is set to hold tough negotiations with the CEO of Facebook Mark Zuckerberg on data privacy and tax within a tech firms' summit.

Wed, 16 May 2018 16:08:34 GMT

Home Capital gets new credit line after Buffet's backing expires

Home Capital Group, Canada's alternative lender backed by Berkshire Hathaway, was committed for the two-year credit line from to Canadian banks, as Buffet's bail out expires next month.

Wed, 16 May 2018 15:32:37 GMT

Bartlett and Co plans merger with Savage Companies

The US top grain exporter to Mexico, Bartlett and Company, is set to merge with the logistics firm Savage Companies as part of consolidation to hit struggling agriculture sector.

Wed, 16 May 2018 15:23:29 GMT

Greece's DEPA set to sell its stake in Thessakoniki-Thessaly Gas

DEPA, the Greek largest gas company, has agreed to sell its 51% stake in Thessaloniki-Thessaly Gas to the Italian firm Eni, which already has a 49% holding in the company.

Wed, 16 May 2018 14:31:32 GMT

Burundi is set to vote in referendum that might change President's power

Voters of Burundi were set to vote on Thursday in a referendum, which would allow the residing president Pierre Nkurunziza to stay in power until 2034.

Wed, 16 May 2018 14:29:50 GMT

EU leaders want to keep the Iranian nuclear deal alive

Various leaders of the European Union on Wednesday gathered to discuss how to keep the Iranian nuclear deal intact after the US withdrew from the deal.

Wed, 16 May 2018 13:02:37 GMT

Alawwal, SABB sign $5B merger to set up Saudi's third biggest bank

Saudi British Bank has agreed with Alawwal Bank on a merger worth $5B to establish the third largest lender in Saudi Arabia, both banks announced on Wednesday.

Wed, 16 May 2018 12:57:39 GMT

Germany's Merkel defends Iran nuclear deal

On Wednesday, the German Chancellor Angela Merkel has backed the Iran nuclear accord, after the United States rejected it, arguing the agreement is the best option to tackle concerns over Tehran's role in its nuclear missile programme.

Wed, 16 May 2018 12:33:49 GMT

Paddy Power Betfair in talks to acquire FanDuel

Paddy Power Betfair is reviewing to but FanDuel, the fantasy sports firm, as it seeks targeting the US sports betting market, Ireland's bookmaker stated on Wednesday.

Wed, 16 May 2018 12:28:24 GMT

Pizza Hut signs franchise deal with Telepizza, aiming at LatAm, Caribbean

On Wednesday, Pizza Hut stated it had clinched a franchise accord with the Madrid-based  Telepizza Group, seeking to establish the biggest pizza chain in the Caribbean and Latin America.

Wed, 16 May 2018 11:34:34 GMT

Vietnam seeks launching formal antitrust inquiry into Grab-Uber deal

On Wednesday, the Vietnamese trade ministry stated it was eyeing to lunch a formal inquiry into Grab's takeover of the Uber Technologies' Southeast Asia unit over possible violation of antitrust law.

Wed, 16 May 2018 11:29:25 GMT

VW's truks CFO resigns on personal reasons

On Wednesday, Volkswagen's CFO of its truck and bus unit Matthias Gruendler quitted, citing personal reasons, the company's spokesman stated, adding his successor has not been named yet.

Wed, 16 May 2018 10:01:25 GMT

Rouhani says Iran not to surrender to US pressure

The Iranian President Hassan Rouhani noted on Wednesday that Iran would not concede to US demands; a day after the US imposed new sanctions on the country.

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