News

Note: This section contains information in English only.
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.

Wed, 19 Feb 2020 15:41:10 GMT

Nasdaq reaches record high

On Wednesday, Nasdaq stock indices reached record high levels, as China announced additional measures to subsidize their economy.

Wed, 19 Feb 2020 15:01:57 GMT

Japan sees coronavirus to harm tourism but keeps 40 mln visitor target

Japan is expecting a fall in the number of tourists visiting the country due to the coronavirus outbreak but decided to stick to its initial target of 40M foreign visitors in 2020.

Wed, 19 Feb 2020 13:41:11 GMT

Sportswear makers say coronavirus hits China business

Adidas and Puma have warned on Wednesday the coronavirus outbreak had hit their Chinese business due to store shutdowns and fewer tourists who shop in other markets.

Wed, 19 Feb 2020 13:15:00 GMT

Citi, Deutsche consider $9B Dubai port company debt sale

Citi and Deutsche Bank have launched negotiations with other banks over a sale of $9B in debt Dubai attracted to take full control over DP World and Dubai World's refinance borrowings, according to Reuters.

Wed, 19 Feb 2020 11:48:36 GMT

GM to dismiss all 1.5K workers at Thai plant

General Motors is set to lay off all1,5K plant workers in Thailand at the beginning of summer after the carmaker announced its production plant sales in the country.

Wed, 19 Feb 2020 10:49:23 GMT

India approves IP accord with US

On Wednesday, the Indian government approved a plan to make a deal with the US that would strengthen the protection of intellectual property in India.

Wed, 19 Feb 2020 10:10:36 GMT

Embracer to acquire Saber Interactive

Embracer, Sweden's video game group, is set to acquire Saber Interactive, the US game developer, in a deal worth up to $525M, Embracer reveled on Wednesday.

Wed, 19 Feb 2020 09:27:17 GMT

Uber to close office in downtown LA

Uber Technologies announced on Wednesday it would shut its customer support office based in downtown Los Angeles, as the ride-hailing company seeks focusing on its larger locations.

Wed, 19 Feb 2020 07:44:39 GMT

Qatar Airways raises stake in IAG to 25.1%

On Wednesday, Qatar Airways Group announced it had raised its holding in IAG, the British Airways owner, to 25.1%, purchasing another stake worth $600M as part of QAG's strategy.

Wed, 19 Feb 2020 07:38:23 GMT

Alstom, Bombardier shares drop after $6.7B rail deal

Shares of Canada's Bombardier and Alstom SA plunged 7.88% and 3.2% respectively after the French company agreed to acquire Bombardier's rail unit for up to $6.7B.

Wed, 19 Feb 2020 05:55:14 GMT

AG Barr planning to resign over Trump's tweets

According to the Washington Post report on Tuesday, William Barr, the US Attorney General, is planning to resign over President Donald Trump's tweets regarding the DOJ investigations.

Wed, 19 Feb 2020 04:58:00 GMT

Thailand's economy to grow at slower pace in 2020

According to the minutes of Thailand's Central Bank February 5 meeting, Thai gross domestic product would grow at a slower pace than previously expected in 2020.

Wed, 19 Feb 2020 04:08:04 GMT

Uber to shut down office in downtown Los Angeles

On Tuesday, Uber Technologies Inc announced that it was shutting down its customer support staff office in downtown Los Angeles.

Wed, 19 Feb 2020 02:49:19 GMT

Bloomberg outlines plan to curb Wall Street trading

On Tuesday, Michael Bloomberg, the Democratic US presidential candidate, unveiled eye-catching proposals to control Wall Street trading and increase consumer protections.

Tue, 18 Feb 2020 20:50:38 GMT

Mondelez reopens Chinese plants

Mondelez International announced expectations for a hit to the Q1 revenue and margins from the outbreak of coronavirus and said four of its Chinese plants resumed operations.

Tue, 18 Feb 2020 19:54:47 GMT

Cellcom to acquire Golan Telecom

Cellcom Israel, the country's biggest mobile operator, stated that it would buy its competitor Golan Telecom for $172.59M.

Tue, 18 Feb 2020 19:15:49 GMT

Dell to sell RSA for $2.08B

Dell Technologies announced that it would sell RSA, its cybersecurity unit, for $2.08B to a consortium led by AlpInvest Partners, Symphony Technology Group and OTPP board.

Tue, 18 Feb 2020 18:21:16 GMT

UK to invest £90M to cut CO2 emissions

The UK is set to invest £90M over measures to diminish emiisions of carbon dioxide from houses and industry, including two hydrogen plants, the government stated.

Tue, 18 Feb 2020 16:41:13 GMT

British employment jumps in late 2019

The number of employed people in Britain jumped 180K to 32.9M at the end of 2019 in spite of election jitters, a Reuters poll stated.

Tue, 18 Feb 2020 16:02:12 GMT

Amazon's Bezos to spend $10B in climate change fight

The CEO of Amazon Jeff Bezos is set to commit $10B to fund scientists, activists and other groups fighting against climate change and aiming to protect the environment.

Tue, 18 Feb 2020 15:16:37 GMT

Walmart expects slowing online sales growth

Walmart Inc is expecting a slowdown in its online sales growth after missing analysts' forecasts for the quarterly profit and sales, hit by lower demand for its apparel, electronic and toys, as well as shorter holiday season.

Tue, 18 Feb 2020 14:37:08 GMT

Alstom shares fall after its $6.7 billion Bombardier rail deal

On Tuesday, Alstom shares plunged 4.4% after the French company agreed to acquire Bombardier's rail division for up to $6.7B, in a deal that likely to be scrutinised by unions and regulators.

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