News

Note: This section contains information in English only.
Wed, 17 Jul 2019 04:01:59 GMT

Amazon reaches deal with Germany's anti-trust authority

The German Federal Cartel Office announced on Wednesday that Amazon has agreed to overhaul its Business Services Agreement that applies to merchants using the company's platform.

Wed, 17 Jul 2019 03:17:11 GMT

Hackers steal millions of Bulgarians taxpayer's financial data

The Bulgarian Finance Minister Vladislav Goranov said on Tuesday that hackers had stolen millions of Bulgarians taxpayer's financial data at the country's National Revenue Agency.

Wed, 17 Jul 2019 01:57:24 GMT

Bitcoin falls by 8%

Bitcoin cryptocurrency fell below $10,000 on Tuesday after the US Senate Banking Committee grilled Facebook Inc on its crypto plans.

Tue, 16 Jul 2019 20:03:14 GMT

Creditors to try selling Jet Airways again

According to sources familiar with the matter, lenders of Jet Airways will make another attempt to sell the insolvent airline for at least $1.24B.

Tue, 16 Jul 2019 19:31:23 GMT

Von der Leyen ready to work with any UK leader

Ursula von der Leyen, the new head of the European Commission, stated on Tuesday that she would try to find a mutually beneficial solution to the Brexit with any British leader.

Tue, 16 Jul 2019 18:28:53 GMT

Von der Leyen gets official support

On Tuesday, the German parliament has supported Ursula von der Leyen's candidacy for the post of the European Commission President.

Tue, 16 Jul 2019 17:15:14 GMT

Atlanta Fed raises US GDP forecast to 1.6% in Q2

The Atlanta Fed's GDPNow forecast revealed that the US economy grew at a 1.6% annualised rate in the Q2 based on better-than-forecast retail sales and industrial output data, whic came in in line with forecast in June.

Tue, 16 Jul 2019 16:36:21 GMT

Wells Fargo reports higher profit

Wells Fargo posted higher quarterly profit, with 6% rise in wholesale bank and 26% growth in community bank segments, thanks to cost controls and increase in loans.

Tue, 16 Jul 2019 15:32:45 GMT

US manufacturing production up in June

The US manufacturing production accelerated 0.4% in June, climbing for the second straight month and surpassing 0.2% forecast, owing to higher output of motor vehicles and parts, the Fed reported.

Tue, 16 Jul 2019 13:59:07 GMT

SoftBank-backed Oyo acquires Innov8 for $30M

Oyo, the Indian hotel start-up backed by SoftBank, announced on Tuesday it had acquired Innov8, the local co-worker venture, as the hospitality chain was seeking to enter the commercial real estate sector under the Oyo Workspaces brand name.

Tue, 16 Jul 2019 13:34:16 GMT

Barclays views Carrefour-Casino deal possible

On Tuesday, Barclays stated that a merger between two French biggest retailers Casino and Carrefour could be possible, sending Casino's shares up almost 2% on the statement.

Tue, 16 Jul 2019 12:39:42 GMT

JPMorgan reports better-than-expected quarterly profit

On Tuesday, JPMorgan Chase & Co reported its quarterly profit rose 16% to $9.65B, beating analysts' estimates, as a modest loan increase and higher interest income had made up for a lower activity at its trading desks.

Tue, 16 Jul 2019 11:38:35 GMT

Samsung, SK Hynix call on local firm to bolster chemicals supply

Samsung Electronics and SK Hynix have called on the South Korean local supplier to bolster the key chipmaking chemical supply to guard against possible disruptions of production.

Tue, 16 Jul 2019 09:30:53 GMT

UK wage growth hits record

UK Average Earnings data on Tuesday revealed that core wages have grown at a fastest pace in a decade. Wages grew by 3.6% during the three months to May.

Tue, 16 Jul 2019 09:14:20 GMT

EU regulators harmonize retail investment funds

On Tuesday, the European Securities and Markets Authority announced that it has drafted guidelines to harmonize the calculation of retail investment fund performance fees.

Tue, 16 Jul 2019 08:35:22 GMT

UK watchdog to look into Inmarsat's sale

On Tuesday, the British Competition and Markets Authority stated it would review the proposed takeover of the UK biggest satellite company Inmarsat by a private equity-held consortium to see whether the deal would have a negative impact on the competitive landscape.

Tue, 16 Jul 2019 06:49:58 GMT

Experian reports 4% rise in Q2 revenue

On Tuesday, the world's largest credit data firm Experian reported a 4% jump in its Q2 revenue, boosted by higher business across health, automotive, decision analytics and business credit segments in its largest market of North America.

Tue, 16 Jul 2019 06:38:07 GMT

Tesla drops Model X and S variants, trims line-up prices

Tesla has dropped its standard-range Model X and Model S variants from the product line-up, cutting prices to simplify the range, following the electric carmaker's report on record deliveries.

Tue, 16 Jul 2019 04:40:03 GMT

Sterling declines on Tuesday

During the early hours of Tuesday's trading, the British Pound traded at a six-month low level against the US Dollar. The currency's drop was attributed to Brexit worries.

Tue, 16 Jul 2019 04:33:07 GMT

China increases fiscal spending

On Tuesday, it was announced by the Chinese government that fiscal spending in the first half of 2019 was increased by 10.7%.

Tue, 16 Jul 2019 02:42:52 GMT

Paraguay's economy to grow below 3%

The Finance Minister of Paraguay stated that the country's economic growth was expected to come in under 3% compared with 3.2% forecast, as soybean production weakened due to poor weather in the H1 of the year.

Tue, 16 Jul 2019 02:31:23 GMT

PayPal launches Xoom in Europe

The US payments firm PayPal is expanding in Europe by launching Xoom, the international service of money transfers in the UK and 31 other countries over the continent.

Mon, 15 Jul 2019 20:33:10 GMT

Chinese industrial output rises

The Chinese industrial output expanded 6% in the first half of 2019, compared to the same period the previous year, the National Bureau of Statistics reports.

Mon, 15 Jul 2019 19:06:56 GMT

Indonesia reports $200M trade surplus

Indonesia reported a trade surplus of $200M in June after a trade deficit of $1.93B in the first five months of 2019, the country's Central Statistics Bureau reports.

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