News

Note: This section contains information in English only.
Fri, 26 Apr 2019 05:15:44 GMT

US blacklists Pinduoduo

On Thursday, the US Trade Representative's Office has blacklisted one of the China's largest e-commerce platforms Pinduoduo.com amid violation of intellectual property rights.

Fri, 26 Apr 2019 04:00:02 GMT

Xi says BRI must be green

The Chinese leader Xi Jinping stated on Friday that the Belt and Road initiative (BRI) must be sustainable, green and give a "high quality" for all participants.

Fri, 26 Apr 2019 03:57:14 GMT

China wants to prevent BRI debt risks

The Finance Minister of China Liu Kun stated on Friday that the government would create and analysis framework for prevention of the Belt and Road initiative's (BRI) debt risks.

Thu, 25 Apr 2019 19:52:25 GMT

Morgan Stanley set to pay $150M to settle charges

On Thursday, California's attorney general Xavier Becerra said that Morgan Stanley would pay $150m to settle the state mortgage securities charges.

Thu, 25 Apr 2019 19:51:59 GMT

Macron promises to cut tax for workers

On Thursday, the President of France Emmanuel Macron promised to cut tax for workers, as part of ways to stop the yellow vest protests.

Thu, 25 Apr 2019 19:04:54 GMT

Macron wants people to feel more involved in democratic process.

On Thursday, the President of France Emmanuel Macron planned to link the lowest pensions back to inflation, and he also proposed easier rules for referendums.

Thu, 25 Apr 2019 19:02:40 GMT

CFTC to investigate Glencore for corrupt practices

On Thursday, Swiss-based Glencore Plc announced that the US Commodity Futures and Trading Commission was investigating the company for corrupt practices.

Thu, 25 Apr 2019 18:10:38 GMT

Novatek plans 20% stake sale in Arctic LNG 2

On Thursday, two China firms have signed deals with Russia's Novatek to acquire a combined 20% stake in Arctic LNG 2 project, not disclosing any financial terms of the deals.

Thu, 25 Apr 2019 18:07:17 GMT

Comcast considers stake sale in Hulu

Comcast Corp has entered talks to sell a Hulu stake to Walt Disney, boosting Disney's stake in the American entertainment company to 90%, sources familiar with the situation stated on Thursday.

Thu, 25 Apr 2019 17:33:23 GMT

Wirecard plans to shift focus on growth

Wirecard, the German payments company, stated on Thursday it would try to shift focus on its growth after receiving an audit approval of its full-year results, as they were delayed amid false accounting and fraud allegations at its Singaporean office.

Thu, 25 Apr 2019 17:29:22 GMT

Comcast's Q1 profit tops Wall Street estimates

On Thursday, Comcast reported its Q1 profit topped Wall Street's estimates, driven by a robust growth of high-speed internet customers, sending the company's shares up 2.5% in pre-market trading.

Thu, 25 Apr 2019 16:35:21 GMT

Southwest Airlines sees better-than-expected Q2 results

Southwest Airlines is anticipating its Q2 revenue growth to be above the estimates due to a higher demand from business and leisure customers, despite grounding about 34 of its Boeing 737 MAX planes.

Thu, 25 Apr 2019 16:31:52 GMT

Verizon launches Samsung 5G phone pre-orders

Verizon Communications has opened pre-orders in the United States for the first 5G phone by Samsung, saying it would add the high-speed wireless service to 20 more cities following Chicago and Minneapolis.

Thu, 25 Apr 2019 15:23:28 GMT

Snap picks McDonald's executive as CMO

On Thursday, Snap has appointed McDonald's executive Kenny Mitchell as the company's first Chief Marketing head, on the back of Snap's intention to lure more users to the platform.

Thu, 25 Apr 2019 15:20:19 GMT

3M to phase out 2K jobs globally

3M, the US manufacturing conglomerate, announced on Thursday its would cut 2K jobs globally after reporting the a lower-than-expected Q1 profit and lower its 2019 earnings estimates amid the key market's worsening performance.

Thu, 25 Apr 2019 14:38:57 GMT

Chipotle gets subpoena over Ohio illness incident

On Thursday, Chipotle Mexican Grill stated it had received new subpoena from the US federal prosecutors, seeking information about the illness incident that left too many people sick in Ohio restaurant last year.

Thu, 25 Apr 2019 14:32:27 GMT

UK seeks Brexit deal approval by July

The UK PM Theresa May's government seeks to receive the Brexit deal approval from the Parliament by July, before the new EU Parliament opens, David Lidington, May's de-facto deputy stated on Thursday.

Thu, 25 Apr 2019 13:39:06 GMT

Nasdaq views record-high amid strong tech earnings

Nasdaq index has been on course to launch at its record-high on Thursday due to strong tech results from Microsoft and Facebook, while a shares drop of the industrial conglomerate 3M hit Dow futures.

Thu, 25 Apr 2019 12:33:14 GMT

Bombardier trims annual earnings forecast

On Thursday, Canada's Bombardier has trimmed its full-year profit and revenue forecast due to delays in some planemaker's large projects that affected its dominant transportation division, which builds rail cars.

Thu, 25 Apr 2019 12:22:31 GMT

AbbVie tops analysts' Q1 revenue forecasts

Drugmaker AbbVie reported on Thursday its Q1 revenue results of $4.45B topped Wall Street's estimates for a drop to $4.38B, as a sales decline of its rheumatoid arthritis drug treatment Humira was not as sharp as expected.

Thu, 25 Apr 2019 11:38:52 GMT

Vodafone, Orange expand network-sharing pact

The mobile operators Orange and Vodafone are set to expand the network-sharing deal in Spain to cover small towns and enable the 5G technology's faster deployment, Vodafone announced on Thursday.

Thu, 25 Apr 2019 11:22:50 GMT

VW plans EV plant in China

The German carmaker Volkswagen's joint venture with China's JAC is planning a $750.8M investment in its new electric vehicle plant in the eastern part of Hefei city, after receiving an approval from the Chinese environmental authorities.

Thu, 25 Apr 2019 09:53:42 GMT

Deutsche Bank and Commerzbank end merger discussions

Deutsche Bank and Commerzbank announced on Thursday that they have ended discussions to merge with no deal reached.

Thu, 25 Apr 2019 09:52:12 GMT

Global equity markets decline on Thursday

On Thursday, global equity markets edged lower, as investors and traders absorbed the European earnings report and concerns about the world economy growth.

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