News

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Wed, 26 Feb 2020 11:45:50 GMT

Hyundai to pick location for hydrogen fuel-cell system plant

Hyundai Motor announced it was planning to make a decision over the location for its hydrogen fuel-cell system plant this year, adding it could be located in South Korea or even overseas.

Wed, 26 Feb 2020 10:47:04 GMT

Toyota comments on supply issues

On Wednesday, Toyota Motor Corporation stated that its operations in Japan could be affected by supply chain issues causes by the coronavirus.

Wed, 26 Feb 2020 09:35:38 GMT

Salesforce's co-CEO Keith Block resigns

Salesforce.com's Keith Block stepped down from his role as the co-CEO, leaving Marc Benioff the sole Chief Executive Officer, sending the business software firm shares down about 3%.

Wed, 26 Feb 2020 07:45:15 GMT

Walt Disney's Iger to resign as CEO

Walt Disney Co's Robert Iger is set to step down as the company's CEO and will be succeeded by Bob Chapek, the Disney Parks head, Disney announced on Tuesday.

Wed, 26 Feb 2020 07:37:39 GMT

Intuit to acquire Credit Karma in $7.1B deal

Intuit is set to acquire the privately-owned personal finance platform Credit Karma in the cash-and-stock deal worth around $7.1B, as Intuit seeks expansion into consumer finance.

Wed, 26 Feb 2020 06:03:19 GMT

EU predicts "very hard" talks on post-Brexit ties with Britain

On Tuesday, the European Union announced that negotiations with the United Kingdom on future ties would begin on March 3, but predicted that the talks would be difficult.

Wed, 26 Feb 2020 05:01:53 GMT

Citi and Goldman among other banks to avoid trips to Italy

Citigroup Inc, Credit Suisse and Goldman Sachs and other banks have avoided trips to Italy over coronavirus concerns.

Wed, 26 Feb 2020 04:22:46 GMT

Leaders of Ireland's main centre-right parties hold talks

Fianna Fail Party and Fine Gael Party, the two main centre-right parties in Ireland, held further post-election talks. The Irish Prime Minister Leo Varadkar said in a statement on Tuesday.

Wed, 26 Feb 2020 02:36:00 GMT

UK's exports to EU could decline by 14%

According to the United Nations Conference on Trade and Development study released on Tuesday, the UK exports to the EU could decline by 14% in the event of no-deal.

Tue, 25 Feb 2020 21:14:32 GMT

Intuit to acquire Credit Karma in $7.1B deal

Intuit is set to acquire the privately-owned personal finance platform Credit Karma in the cash-and-stock deal worth around $7.1B, as Intuit seeks expansion into consumer finance.

Tue, 25 Feb 2020 20:00:50 GMT

Macy's holiday quarter tops estimates

On Tuesday, Macy's holiday-quarter results topped Wall Street's expectations, but left investors sceptical about the company's cost-cutting strategy, while intense online competition brought its shares down almost 5%.

Tue, 25 Feb 2020 18:44:00 GMT

Mastercard CEO to step down from his role

Mastercard reported on Tuesday that Ajay Banga, its Chief Executive Officer, would resign at the beginning of 2021 and would be succeeded by Michael Miebach, the tech company's Chief Product Officer.

Tue, 25 Feb 2020 17:46:25 GMT

Thomson Reuters appoints new CEO

On Tuesday, Thomson Reuters announced a new appointment of the former Nielsen Holdings head Steve Hasker as the news agency's new CEO, succeeding Jim Smith.

Tue, 25 Feb 2020 16:53:30 GMT

JPMorgan keeps key profit growth goals

JPMorgan Chase & Co has largely maintained its key financial targets for the profit at Tuesday's annual investor day and also raised the lender's financial commitment for the clean-energy initiatives, Reuters said.

Tue, 25 Feb 2020 15:46:32 GMT

UK's Revolut hits $5.5B valuation in funding round

Britain's Revolut, the digital banking app, has attracted $500M in its latest funding round, confirming the Uk-based unit as one of the most valuable financial tech companies in the world with the $5.5B valuation.

Tue, 25 Feb 2020 14:44:57 GMT

Japan's ANA makes order for more Boeing's 787 Dreamliners

ANA Holdings Inc order 15 more Boeing's 787 Dreamliners valued at $5B, the first announcement of a commercial order for the US planemaker in 2020 on the back of the smaller 737 MAX grounding.

Tue, 25 Feb 2020 13:59:51 GMT

Credit Suisse, UBS's emergency plans are effective

Switzerland's regulator FINMA announced on Tuesday that the emergency plans of Credit Suisse and UBS aimed at dealing with the financial crisis are considered effective.

Tue, 25 Feb 2020 13:39:00 GMT

Chinese manufacturing hubs resume operations

China's main manufacturing hubs have resumed operations on Tuesday after the coronavirus shutdown with more traffic on the roads during the rush hours.

Tue, 25 Feb 2020 12:00:01 GMT

Amazon opens cashier-less grocery shop in Seattle

The world's largest online retailer Amazon.com is launching the cashier-less store technology "Amazon Go Grocery" in Seattle's Capitol Hill, seeking to expand its physical presence and target more of shoppers' weekly spend via groceries.

Tue, 25 Feb 2020 10:46:03 GMT

Crude oil decline pauses

On Tuesday, crude oil price benchmarks steadied above the $56 level, as a Libyan supply decrease balanced out recent concerns over global demand.

Tue, 25 Feb 2020 09:33:18 GMT

Tesco completes exit from China with £275M stake sale

Britain's largest retailer Tesco has finalised its exit from the Asian country with the £275M sale of the company's joint venture stake to Chinese group China Resources Holdings.

Tue, 25 Feb 2020 07:59:39 GMT

Grab raises $856M from Japanese investors

Southeast Asia's ride hailing firm Grab is attracting $706M from Mitsubishi UFJ Financial Group and $150M from the Japanese IT services company TIS Inc, seeking aggressive expansion into financial services.

Tue, 25 Feb 2020 07:36:00 GMT

US Supreme Court rejects Apple appeal in VirnetX case

US Supreme Court rejected Apple's appeal to avoid paying around $440M in damages for VirnetX's internet security technology with no permission in FaceTime video calling and similar features.

Tue, 25 Feb 2020 06:31:03 GMT

US discovers Chinese below fair value goods

The US Department of Commerce stated on Monday that it had found Chinese woodwork imports that were being sold below fair value.

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