News

Note: This section contains information in English only.
Fri, 19 Apr 2019 04:17:30 GMT

Hyundai appoints new Americas head and global COO

Jose Munoz, the former Carlos Ghosn's ally, has been appointed on Friday as Hyundai Motor Co's Americas chief and global chief operating officer (COO).

Fri, 19 Apr 2019 04:14:38 GMT

Japan to increase sales tax

On Friday, the Japanese Finance Minister Taro Aso reconfirmed the government's plan to increase sales tax in October.

Fri, 19 Apr 2019 03:57:50 GMT

Nintendo shares up 13% after Switch Chinese sales approval

Nintendo shares jumped 13% on Friday, after Tencent won the key approval to start selling Nintendo's Switch console in China, the world's biggest games market.

Fri, 19 Apr 2019 03:57:21 GMT

Japan's firms want tax increase to proceed

More than 60% of Japanese companies want authorities to proceed with the sales tax increase in October, thought feel that extra government spending is necessary to cushion the blow over the economy.

Fri, 19 Apr 2019 02:20:22 GMT

Uzbek foreign trade increases 27% in Q1

Uzbekistan's turnover of foreign trade was about $9.4B and increased 27% compared with the same period of 2018, according to the report of the country's statistics committee.

Fri, 19 Apr 2019 02:15:58 GMT

Nissan to slash global output 15%

Nissan Motor is set to cut global production about 15% for the current FY ending March 2020, as the company shifts away from the aggressive growth campaign promoted by former Chairman.

Thu, 18 Apr 2019 20:21:51 GMT

Canada sets new deadline for Trans Mountain decision

The Natural Resources Ministry of Canada stated on Thursday that the new deadline for a decision to be made on the extension of the Trans Mountain pipeline was set for June 18.

Thu, 18 Apr 2019 20:18:06 GMT

Hoyer speaks against impeachment

The US House of Representatives Majority Leader Steny Hoyer stated on Thursday that attempts to impeach the country's President Donald Trump would be irrational in light of the upcoming 2020 presidential elections.

Thu, 18 Apr 2019 19:20:27 GMT

Cohen to acquire National Enquirer

According to sources familiar with the matter, the Hudson News CEO James Cohen is expected to acquire American Media Inc's National Enquirer for $100M.

Thu, 18 Apr 2019 19:18:05 GMT

USITC positively evaluates NAFTA

The US International Trade Commission stated on Thursday that renegotiated NAFTA trade deal to certain extent would boost the country's economy, though it might decrease national vehicle production.

Thu, 18 Apr 2019 18:17:31 GMT

New NAFTA to create nerly 76K jobs

According to the White House, the renegotiated North American trade deal (NAFTA) is expected to create 76K new jobs in the automobile sector in the upcoming five years.

Thu, 18 Apr 2019 18:14:08 GMT

Oil prices remain unaffected by Saudi cuts

Despite a report about the decrease of Saudi Arabia's crude exports, the price of oil futures on Thursday did not change significantly, fluctuating around $63.66 a barrel.

Thu, 18 Apr 2019 17:05:19 GMT

Nationalisation of PrivatBank is illegal Ukraine's court rules

On Thursday, Ukraine's court ruled that the nationalisation of PrivatBank was illegal. However, the Ukrainian Finance Minister said it would appeal the ruling.

Thu, 18 Apr 2019 17:05:12 GMT

Tod's e-commerce sales surge by double digit

On Thursday, Diego Della Valle, the owner and CEO of Italy's luxury group Tod's, said that the company's e-commerce sales increased by a double digit.

Thu, 18 Apr 2019 16:01:04 GMT

US jobless claims drop to lowest level

According to data released by the US Commerce Department, the numbers of Americans applying for unemployment benefits, dropped to its lowest level in almost 50 years.

Thu, 18 Apr 2019 16:00:55 GMT

US retail sales increase in March

On Thursday, the US Commerce Department said that retail sales increased by 1.6% in March. The biggest gain in more than eighteen months.

Thu, 18 Apr 2019 15:16:38 GMT

US stocks open higher on Thursday

Wall Street edged higher on Thursday, boosted by a better-than-expected rise in the US retail sales, as data showed that the US economic growth picked up in the first quarter.

Thu, 18 Apr 2019 15:14:34 GMT

Jet Airways shares decline on Thursday

On Thursday, shares of Jet Airways Ltd edged lower, as investors had doubts if the grounded airline would take to the sky again.

Thu, 18 Apr 2019 14:15:56 GMT

Aramco explores Reliance's stake acquisition

The largest oil producer in the world, Saudi Aramco, has entered talks to acquire a 20% stake in the petrochemicals and refining businesses of the Indian group Reliance Industries, seeking to boost its investments in the sector.

Thu, 18 Apr 2019 14:10:45 GMT

Berkeleys picks JP Morgan to consider options

Berkeleys has hired JP Morgan, the US investment bank, to review all options for the firm's investment funds, including its sale, which could be valued at about $500M, according to banking sources.

Thu, 18 Apr 2019 12:39:45 GMT

Chrysaor to acquire Conoco UK North Sea oilfields

Chrysaor is nearing a deal to acquire ConocoPhillips' UK North Sea oil and gas assets, in a deal that could make the company the basin's largest producer.

Thu, 18 Apr 2019 12:37:07 GMT

Uber close to autonomous car unit deal

Uber Technologies is getting closer to an investment deal with Toyota Motor, SoftBank and Japan's Denso Corp for the self-driving car unit that should be valued at $7.25B, according to the Wall Street Journal.

Thu, 18 Apr 2019 11:03:31 GMT

Osram in talks with Carlyle, Bain on bid doubts

On Thursday, Osram, the German lighting group, stated it had continued talks with Carlyle Group and Bain Capital after the Manager Magazine's report that the PE firms could scrap a potential takeover.

Thu, 18 Apr 2019 10:58:01 GMT

US app Life360 triggers IPO in Australia

Life360, the US family tracking app, launched its A$145M worth initial public offering on the Australian Stock Exchange on Thursday, offering around 30M shares at A$4.79 per each.

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