News

Note: This section contains information in English only.
Tue, 04 Aug 2020 02:59:28 GMT

Tyson Foods picks new head

Tyson Foods appointed Dean Banks, the meatpacker's President, as the new Chief Executive Officer amid unprecedented disruptions caused by the coronavirus crisis.

Mon, 03 Aug 2020 21:58:49 GMT

Oil climbs over 1% on positive economic data

On Monday, oil prices surged over 1%, driven by positive economic data reported by the United States, Europe and Asia, while investors stayed concerned over the growing number of COVID-19 cases globally.

Mon, 03 Aug 2020 20:00:55 GMT

Taiwan manufacturing expands

Manufacturing activity in Taiwan expanded in July, data published by the Chung-Hua Institution for Economic Research show.

Mon, 03 Aug 2020 19:00:53 GMT

Consumer sentiment in Germany recovers

Consumer sentiment in Germany is recovering after a severe slump at the beginning of the coronavirus pandemic, the German Retail Federation reports.

Mon, 03 Aug 2020 18:01:30 GMT

Japan new vehicle sales decline

New vehicle sales in Japan declined 13.7% in July, compared to the same period the previous year, amid the COVID-19 pandemic, the Japan Automobile Dealers Association reports.

Mon, 03 Aug 2020 17:00:58 GMT

Uganda coffee export reaches $494M

Earnings from coffee export from Uganda reached a record high of $494M for the year ended on June 30, a statement published by the Ministry of Finance shows.

Mon, 03 Aug 2020 16:23:35 GMT

China logistics sector expands

The Chinese logistics sector expanded moderately in July, data published by the China Federation of Logistics and Purchasing show.

Mon, 03 Aug 2020 15:32:48 GMT

JAL reports $880M net loss

Japan Airlines reported a net loss of $881.63M in the second quarter of the current year amid the coronavirus pandemic, a statement published by the company shows.

Mon, 03 Aug 2020 13:46:15 GMT

Google to take ADT's 6.6% stake

Alphabet's Google is set to acquire a 6.6% worth stake in ADT Inc, the home security company, in a deal valued at $450M that will allow Google to provide its Nest security devices' customers with service.

Mon, 03 Aug 2020 12:57:54 GMT

Zoom to shift China focus on 'partner-only' model

Zoom Video Communications is set to shift its focus to the partner-only model in China starting from August 23, halting direct sales to the company's users in the region.

Mon, 03 Aug 2020 12:34:29 GMT

SoftBank spends $3.8B on buybacks during month

On Monday, SoftBank Group reported it had spent $3.8B on buybacks of 63.2M shares between the period of July 1 and August 3, as part of the company's repurchase programme.

Mon, 03 Aug 2020 10:45:06 GMT

Marathon Petroleum agrees on Speedway deal

Marathon Petroleum agreed on the US Speedway gas stations sale worth $21B to Seven & i Holdings, the Japanese retail group, almost half a year after the acquisition was frozen due to the coronavirus outbreak.

Mon, 03 Aug 2020 10:32:02 GMT

Microsoft considers buying TikTok's US operations

Microsoft announced it would push ahead with negotiations to buy TikTok's US operations from China's ByteDance, in a potential deal that could restructure the industry of social media as well as inflame crumbling relations between US and China.

Mon, 03 Aug 2020 09:10:01 GMT

Polish factory activity bounces in July

According to the IHS Markit Purchasing Managers' Index, Polish manufacturing activity edged higher in July.

Mon, 03 Aug 2020 08:02:17 GMT

Crude oil prices decline on Monday

Crude oil prices declined on Monday on oversupply concerns. Brent crude futures fell by 0.6%, to $43.25 per barrel by 0642 GMT, while the US WTI crude futures slid by 0.80%, at $39.93.

Mon, 03 Aug 2020 07:03:03 GMT

Lebanese Hitti to resign today

According to Sky News report, Nassif Hitti, the Lebanese Foreign Minister, would submit his resignation letter on Monday, due to the government's poor performance on some issues.

Mon, 03 Aug 2020 05:00:14 GMT

Russia oil output in July unchanged

On Sunday, the Russian Energy Ministry announced that Russia's oil and gas production in July was in line with the OPEC+ agreement.

Mon, 03 Aug 2020 04:00:06 GMT

Trump to take action on China's software firms

Mike Pompeo, the US Secretary of State, announced on Sunday that the US President Donald Trump would take action on the Chinese software firms in the coming days.

Mon, 03 Aug 2020 02:59:02 GMT

Argentina's creditors solicit for global support

Argentina's bondholders have contacted the International Monetary Fund, the US Treasury and the International Capital Market Association for support to change the collective action clauses (CACs).

Mon, 03 Aug 2020 01:44:41 GMT

Siemens Healthineers to acquire Varian

Siemens Healthineers, the German health group, announced on Sunday that it would acquire all shares in the US Varian Medical Systems for $16.4B.

Sun, 02 Aug 2020 19:57:08 GMT

Iranian market reaches new record

On Sunday, the Iranian stock market reached a new record high, indicating that the global stock indices should surge on Monday.

Sun, 02 Aug 2020 18:57:58 GMT

GoodRx files for IPO

It was revealed on Sunday that the drug maker GoodRx had submitted the needed paperwork for an IPO.

Sun, 02 Aug 2020 18:37:06 GMT

Siemens expands research

On Sunday, the German health company Siemens Healthilineers announced that it would buy up Varian Medical Systems.

Sun, 02 Aug 2020 16:55:44 GMT

Demand for jet fuel rises

On Sunday, it was revealed by Reuters that in the past months the demand for jet fuel had grown, as global flights had resumed.

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