News

Note: This section contains information in English only.
Wed, 16 May 2018 09:26:54 GMT

Guatemala sets up embassy in Israel's Jerusalem

On Wednesday, Guatemala has opened its embassy in the Israeli city of Jerusalem, a few days after the US moved there its embassy from Tel Aviv.

Wed, 16 May 2018 08:01:18 GMT

Tepper, Panthers close to finalise takeover deal

David Tepper, the hedge fund founder, is close to finalise a deal worth $2.2B next week to acquire Carolina Panthers from its founder Jerry Richardson.

Wed, 16 May 2018 07:56:50 GMT

TPG raises stake in Tanium, brings its value to $5B

The growth investment arm of TPG has lifted its stake in Tanium, providing a $175M investment and bringing the total value of the US cyber-security start-up to around $5B.

Wed, 16 May 2018 06:55:28 GMT

MediaMarktSaturn, Fnac sign MoU to form purchasing alliance

The German and French electronics retailers MediaMarktSaturn and Fnac Darty have signed a memorandum of understanding to form the EU purchasing alliance, as the firms seek to bolster their efficiency.

Wed, 16 May 2018 06:55:15 GMT

April Group in negotiations to buy Brazil's Lwarcel

Indonesia's April Group has entered the exclusive talks to buy Lwarcel Celulose, the Brazilian pulpmaker, sources familiar with the matter reported on Tuesday.

Wed, 16 May 2018 06:32:49 GMT

Twitter switches to new strategy to fight against Internet "trolls"

On Tuesday, Twitter has reconsidered its strategy on battling abusive Internet "trolls" by using behavioural signals to identify abusers on the platform and limiting their tweets visibility.

Wed, 16 May 2018 06:27:44 GMT

Amazon launches checkout-free stores in two US cities

Amazon.com is set to open its grocery stores without checkout lines in San Francisco and Chicago, the company stated this week, confirming reports over its expansion.

Wed, 16 May 2018 04:57:13 GMT

NYT: US investigates employees, banks of Cambridge Analytica

According to the New York Times, the FBI and the US Justice Department were investigating the political data firm Cambridge Analytica, including its employees and banks.

Wed, 16 May 2018 04:56:45 GMT

Starbucks aims to expand in Chinese market by 2022

Starbucks Corp plans to triple its revenue and add additional 3,000 stores in China by the end of 2022, the company explained in a statement.

Wed, 16 May 2018 04:15:13 GMT

Japan's GDP falls 0.6% in Q1Y2018

The Japanese economy contracted by 0.6% on an annualised terms during the first quarter of 2018, driven by weaker exports and a decline in consumption and investment.

Wed, 16 May 2018 04:10:18 GMT

China has approved fixed-asset investment projects worth $8.12B in April

The National Development and Reform Commission of China has approved 15 fixed-asset investment projects valued at $8.12B during the month of April.

Wed, 16 May 2018 02:56:10 GMT

Tianqi close to $4.3B deal to purchase stake in SQM

Chinesee firm Tianqi Lithium was nearing a deal to purchase a 24% stake in Chile's Sociedad Quimica Y Minera, one of the largest lithium producers, for nearly $4.3B, sources familiar with the matter said.

Wed, 16 May 2018 02:55:43 GMT

Australia's wage growth below expectations in Q1

The Australian Bureau of Statistics reported that the country's wage price index increased 0.5% in the three-month period to March from the prior quarter, missing forecasts for a 0.6% rise.

Wed, 16 May 2018 02:35:41 GMT

Chinese home prices up 0.5% in April

Chinese new home prices grew 0.5% in April form the prior month, following a 0.4% increase in March, Reuters' calculations showed after NBS data was published.

Wed, 16 May 2018 02:32:07 GMT

Rosneft looks for experience in Vietnam, seeking global expansion

The largest Russian oil producer Rosneft was looking to the company's operations in Vietnam, aiming to get the experience required to expand global reach.

Tue, 15 May 2018 18:22:40 GMT

WhatsApp introduces new group-chat features

Messaging application WhatsApp introduced new features for group chats on Tuesday, which included more controls for regular group members and administrators.

Tue, 15 May 2018 18:22:28 GMT

US retail sales grow 0.3% in April

The US retail sales grew at a weaker than anticipated pace of 0.3% in April, following an upwardly revised 0.8% increase in the prior month, the Commerce Department stated.

Tue, 15 May 2018 16:52:39 GMT

Tesla to produce 500 Model 3 per day

The CEO of Tesla Elon Musk stated that production of the company's crucial Model 3 is set to exceed 500 cars per day over the course of this week, website Electrek reported.

Tue, 15 May 2018 16:52:29 GMT

SoftBank to open office in Saudi Arabia

SoftBank announced plans to open an office in Saudi Arabia in a bid to strengthen ties with the kingdom further, sources familiar with the matter stated.

Tue, 15 May 2018 16:18:58 GMT

360 Security to raise $1.7B in private placement of shares for technology projects

China's Internet security company 360 Security technology stated that it planned to raise nearly $1.69B in a private share placement to finance projects in the areas of big data and artificial intelligence.

Tue, 15 May 2018 16:18:27 GMT

Mexico: few chances for NAFTA deal this week, but possible this year

The Economy Minister of Mexico stated that he saw few chances for a NAFTA deal before a deadline at May 17 to present an agreement, which could by signed by the US Congress.

Tue, 15 May 2018 15:12:52 GMT

Iraq's cleric Sadr wins Parliamentary election

The Iraqi populist cleric Moqtada al-Sadr has won the Parliamentary election that became a surprise to the Shi'ite leader, the electoral commission stated.

Tue, 15 May 2018 15:06:14 GMT

Microchip receives approval to acquire Microsemi

On Tuesday, China has granted its antitrust approval to Microchip Technology to acquire rival Microsemi, sending its shares up 1.3% to $95.65.

Tue, 15 May 2018 14:37:45 GMT

Tyson Foods to acquire American Proteins' poultry blending assets

Tyson Foods announced on Tuesday it would acquire the poultry blending assets of AMPRO Products and American Proteins in a deal valued at around $850M.

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