News

Note: This section contains information in English only.
Sat, 07 Dec 2019 12:41:47 GMT

Saudi Aramco to launch shares trading on Dec. 11

Shares of Saudi Aramco are set to start trading on December 11, after the oil giant priced its IPO at $8.53 per share, raising $25.6B and beating the Alibaba Group's record of $25B raised in 2014.

Sat, 07 Dec 2019 12:35:57 GMT

Amazon to launch new office in Manhattan

Amazon.com Inc announced it was planning to open new office in Manhattan, New York in 2021, to house its advertising and consumer teams, adding the new space would accommodate over 1.5K employees.

Sat, 07 Dec 2019 10:56:02 GMT

Ericsson agrees to pay over $1.0B to settle US probes

Sweden's mobile telecoms firm Ericsson is set to pay over $1.0B to resolve its US corruption probes, including the government officials bribing, the US Justice Department said.

Sat, 07 Dec 2019 10:30:28 GMT

3M considers drug delivery systems arm's sale

The industrial conglomerate 3M is considering to sell the drug delivery systems division in a potential deal worth $1.0B, sending it's shares up around 4% to $171.01.

Sat, 07 Dec 2019 09:06:58 GMT

PG&E reaches deal with wildfire victims

The US power producer PG&E Corp stated on Friday that it has reached a deal with California wildfire victims to pay a $13.5B compensation.

Sat, 07 Dec 2019 08:24:41 GMT

Audi delivers record number of vehicles in November

The German carmaker Audi delivered a record high number of 163,350 vehicles in November, an increase of 23.1% from the prior year, a report published by the company shows.

Sat, 07 Dec 2019 07:00:25 GMT

Cyprus economy to slow down

The Cyprus economy is expected to expand 2.9% in 2020, a decline from 3.2% the current year, the Cypriot Finance Minister Constantinos Petrides says.

Sat, 07 Dec 2019 06:23:03 GMT

Greece: Chinese tourists very important for economy

Chinese tourists are very important for the Greek economy and the country makes a lot of efforts to attract more of them, the Tourism Minister Harry Theocharis says.

Sat, 07 Dec 2019 03:52:39 GMT

Johnson's Conservative Party extends lead over Labour

According to the Panelbase opinion poll, the UK Prime Minister Boris Johnson's Tory Party has widened its lead over the major opposition Labour Party by nine points.

Sat, 07 Dec 2019 03:13:51 GMT

Corbyn goes offensive on Brexit

On Friday, Jeremy Corbyn, the leader of UK's opposition Labour party, went offensive on Brexit ahead of the UK general election showdown.

Fri, 06 Dec 2019 17:41:00 GMT

Tesla's China-built Model 3 cars secure state subsidies

Tesla announced on Friday that its China-built Model 3 vehicles would get new energy vehicle state subsidies from the Asian country, helping the US electric carmaker to push into the largest auto market in the world.

Fri, 06 Dec 2019 16:41:43 GMT

China's Dongfeng to cut its stake in PSA

China's Dongfeng Motor is considering a partial sale of its stake in the Peugeot owner PSA Group, hiring a couple of banks to review possible options, Reuters reported on Friday.

Fri, 06 Dec 2019 15:48:55 GMT

H&M's COS ties up with YCloset over clothing rentals

On Friday, the world's second-largest fashion group H&M announced that its COS brand had tied up with YCloset, China's subscription rental platform, to test clothing rentals in the country.

Fri, 06 Dec 2019 14:53:34 GMT

Bilibili signs deal to broadcast LoL in China

On Friday, Bilibili, the Chinese video site, has signed a three-year contract to broadcast the events related to League of Legends, the most popular desktop game in the world, as the Chinese e-sports market heats up.

Fri, 06 Dec 2019 14:11:22 GMT

Telefonica to choose another provider for 5G network

Telefonica is set to acquire some of the Huawei Technologies' core equipment for the planned 5G mobile network launch in Spain but is planning to choose another supplier next year, Telefonica's spokesman stated on Friday.

Fri, 06 Dec 2019 12:40:33 GMT

Italy's economy likely to stay weak in near term

Italy's economic growth is set to remain weak during the following time period, according to ISTAT, the national statistics bureau, and its report published on Friday.

Fri, 06 Dec 2019 11:44:10 GMT

US November payrolls likely to rise amid GM returning workers

The US job growth likely rises in November amid the General Motors' former striking workers, who returned to payrolls, potentially confirming the economy stayed on a moderate path of expansion despite an extended manufacturing slump.

Fri, 06 Dec 2019 10:51:52 GMT

Oil prices steady on Friday

During Friday's Asian and European trading hours, crude oil price benchmarks traded sideways, as the markets expected a confirmation of speculated OPEC+ production cuts.

Fri, 06 Dec 2019 09:57:31 GMT

WPP completes 60% Kantar sale to Bain Capital

WPP has finalised the 60% sale of Kantar, the data analytics business, to the private equity group Bain Capital, planning to return around $1.2B to investors through the share repurchase programme.

Fri, 06 Dec 2019 08:43:58 GMT

Phoenix to acquire Swiss Re's ReAssure arm

On Friday, the insurance firm Phoenix Group Holdings has agreed to acquire the UK unit ReAssure from Swiss Re AG, in its largest-ever cash and shares deal valued at $4.1B.

Fri, 06 Dec 2019 07:45:42 GMT

Saudi Aramco prices its shares at range's top

Saudi Aramco, the state-owned oil giant, has priced its shares at the top of the range of $8.53 per share in the world's largest initial public offering, Reuters reported.

Fri, 06 Dec 2019 06:48:51 GMT

Big Tech firms face slew of US probes

Big tech groups such as Google, Facebook, Apple and Amazon.com, face a growing number of antitrust probes launched by the US Congress and the federal government over their anticompetitive practices, operations and other more.

Fri, 06 Dec 2019 05:42:44 GMT

Emotion-sensing robot launched to assist astronauts

International Space Station has launched an intelligent emotion-sensing robot CIMON 2 on Thursday, designed to assist astronauts in orbit and equipped with cameras, microphones and a software that enables emotion recognition.

Fri, 06 Dec 2019 04:48:33 GMT

Uber makes further expansion into African markets

Uber launched its ride-hailing services in Ivory Coast's capital of Abidjan on the back of the company's expansion into the African markets, which have limited mass transport and low levels of vehicle ownership.

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