News

Note: This section contains information in English only.
Fri, 21 Feb 2020 04:13:26 GMT

Thyssenkrupp close to $17B elevator division sale

Thyssenkrupp is close to complete a sale of the $17B worth elevator division that would help the industrial group pay down its debt, Reuters reported.

Fri, 21 Feb 2020 03:12:48 GMT

Microsoft plans $1.1B investment in Mexico

Microsoft's CEO Satya Nadella announced the tech giant would make an investment worth $1.1B in Mexico during the following five years, seeking to focus on expanding access to digital technology across the country.

Thu, 20 Feb 2020 21:02:05 GMT

Lenovo reports record high earnings

The Chinese tech company Lenovo reported record high quarterly earnings in the third quarter of the current fiscal year, a financial statement released by the company shows.

Thu, 20 Feb 2020 20:01:02 GMT

S. Korea trade with Vietnam expands

Trade between South Korea and Vietnam expanded 16.5% in 2019 from the previous year, a statement published by the Korea Customs Service shows.

Thu, 20 Feb 2020 18:58:43 GMT

German Fresenius reports record sales

German health care company Fresenius reported record sales of $38.2B in 2019, an increase of 8% from the prior year, a statement released by the company shows.

Thu, 20 Feb 2020 18:12:56 GMT

German machinery exports decline in 2019

German machinery exports decreased by 1.5% in 2019 from the previous year amid weak industrial production around the world, a report from the German Mechanical Engineering Industry Association shows.

Thu, 20 Feb 2020 16:53:45 GMT

Armenia reports GDP growth in 2019

The economy of Armenia expanded 7.6% in 2019, the fastest pace since 2008, data published by Armenia's national statistics committee show.

Thu, 20 Feb 2020 16:28:45 GMT

Taiwan export orders decline

Export orders received by companies in Taiwan decreased 12.8% to $35.31B in January from the same period the prior year, a statement published by the Ministry of Economic Affairs shows.

Thu, 20 Feb 2020 15:19:30 GMT

L Brands sells majority stake in Victoria's Secret, CEO Wexner to step down

L Brands Inc is planning a controlling stake sale in Victoria's Secret unit to Sycamore Partners, in a deal valuing $1.1B, as the group has shifted its focus to its main Bath & Body Works brand.

Thu, 20 Feb 2020 14:29:35 GMT

WeWork appoints new COO on Thursday

On Thursday, WeWork, the office-sharing start-up, named the ex-Ernst & Young executive, Shyam Gidumal, as the company's chief operating officer during the first major appointment of executives under the new CEO Sandeep Mathrani.

Thu, 20 Feb 2020 13:07:06 GMT

Nokia to buy Elenion Technologies

Finland's Nokia Qyj, the telecom networks maker, agreed to acquire Elenion Technologies, the privately-owned US tech company, to bolster optical networking business and widen its offering to the telecoms operators.

Thu, 20 Feb 2020 12:39:08 GMT

Thomson Reuters likely to appoint Steve Hasker as CEO

Thomson Reuters Corp is likely to appoint Steve Hasker, the former Nielsen Holdings president, as the news agency's next CEO, succeeding Jim Smith.

Thu, 20 Feb 2020 10:50:40 GMT

US Dollar surges on Thursday

During Thursday's Asian and European trading hours, the US Dollar surged in value, reaching its highest level since May 2017.

Thu, 20 Feb 2020 09:53:31 GMT

Google to move UK users' data protection

Google is planning to move its UK users' accounts out of the EU privacy regulators' control to the US jurisdiction instead, sources stated.

Thu, 20 Feb 2020 09:13:17 GMT

Unipol to acquire Ubi Banca's bancassurance JVs

Unipol, the Italian financial group, is set to acquire a couple of 300M euros worth bancassurance joint ventures in Intesa's proposed deal for Ubi Banca, Chief Executive Carlo Cimbri stated on Thursday.

Thu, 20 Feb 2020 08:39:50 GMT

Nokia to buy Elenion Technologies

Nokia Qyj, Finland's telecom networks make, announced it agreed to acquire the privately-owned US tech company Elenion Technologies to bolster the optical networking business and widen its offering to the telecoms operators.

Thu, 20 Feb 2020 05:49:43 GMT

Aeffe expects weaker 2019 results

Aeffe Spa, the Moschino and Alberta Ferretti owner, expected its Q1 results to be affected by the coronavirus outbreak in China, an executive told Reuters.

Thu, 20 Feb 2020 04:33:39 GMT

Fresenius Medical: operating profit grows 3% in Q4

Fresenius Medical Care stated that quarterly adjusted operating profit grew 3% as rise in dialysis products and services was slightly offset by adjustments for accounts receivable.

Wed, 19 Feb 2020 23:38:53 GMT

Nokia to buy Elenion

Finnish telecom networks producer Nokia Oyj agreed to buy privately-held Elenion Technologies to extend optical networking business and increase offering to operators.

Wed, 19 Feb 2020 20:48:48 GMT

Lyft resumes operations in NYC

On Wednesday, Lyft revealed that it would resume renting electric bikes in New York City. The company had stopped the bike rental due to complaints and reports of injury.

Wed, 19 Feb 2020 20:12:23 GMT

Boeing goes to court

It was announced on Wednesday, that Boeing is heading to court against the families of 737 MAX airplane crash victims.

Wed, 19 Feb 2020 19:22:12 GMT

European Commission comments on tech

On Wednesday, representatives of the European Commission revealed that new common rules could help Europe in catching up with Silicone Valley.

Wed, 19 Feb 2020 17:42:10 GMT

China stimulates stock markets

During late Wednesday's European trading hours, it was revealed by Bloomberg that China would inject funds into the financial markets. The announcement boosted stock indices.

Wed, 19 Feb 2020 16:41:21 GMT

US housing data hits high level

During Wednesday's US trading session, US housing data was published. It was revealed that the issuing of construction permits had reached a 13-year high level.

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