News

Wed, 05 Dec 2018 08:36:00 GMT

Samsung, Verizon to roll out 5G smartphones in US next year

Samsung Electronics and Verizon Communications confirmed their plans to launch 5G smartphones in the United States in the next year's first half, aiming to crack the rival Apple.

Wed, 05 Dec 2018 08:31:40 GMT

Chinas's Didi launches restructuring plan to improve safety

On Wednesday, the Chinese ride-hailing firm Didi Chuxing announced about its reorganisation plan aimed at enhancing the efficiency and safety its platform.

Wed, 05 Dec 2018 07:15:46 GMT

Germany's DEA to acquire Mexican firm Sierra Oil & Gas

DEA Deutsche Erdoel has clinched a deal to acquire Mexico's independent firm Sierra Oil and Gas, as the German energy company seeks to boost its presence in the Mexican oil market ahead of its planned merger with Wintershall next year.

Wed, 05 Dec 2018 07:10:39 GMT

BAIC shares drop on report Daimler seeks raising JV stake

On Wednesday, shares in BAIC Motor plunged as much as 13.5% on a report that Germany's Daimler might raise its stake in the joint venture with China's automaker.

Wed, 05 Dec 2018 05:59:47 GMT

Takeda grants approval for $59B Shire takeover

Takeda Pharmaceutical shareholders have granted their approval on Wednesday for a $59B acquisition of the London-listed Shire, becoming one of the top ten drugmakers in the world, but also one of the most indebted.

Wed, 05 Dec 2018 05:54:59 GMT

Gymboree considers options for its brands, including sale

On Wednesday, Gymboree Group, the kid's clothing retailer, announced it was exploring potential options of its brands, such as Janie and Jack, Crazy 8 and Gymboree, including some store closure and companies' sale.

Wed, 05 Dec 2018 05:39:59 GMT

Unipec to resume US oil shipments to China

Unipec, the Chinese oil trader, is planning to revive the US crude oil shipments the the Asian mainland by March 2019, after the US and China leader Donald Trump and Xi Jinping had agreed on the trade truce.

Wed, 05 Dec 2018 05:35:30 GMT

BT to eliminate Huawei equipment from its 4G network

Britain's BT Group announced it would eliminate Huawei Technologies' equipment from the company's core 4G network during the next two years, citing security concerns, according to the Financial Times.

Wed, 05 Dec 2018 04:12:57 GMT

Japan's services PMI still near six-month high

Growth in the Japanese services sector eased slightly last month, tough remained near the highest level in six months, bolstering views that the economy was recovering from a soft patch.

Wed, 05 Dec 2018 03:00:27 GMT

Volkswagen to use Ford's plants in US to build cars

Volkswagen's CEO stated after the meeting at the White House that Germany's automaker was building a partnership with Ford Motor and might use the automaker's plants in the US to build cars.

Wed, 05 Dec 2018 02:49:06 GMT

China services sector grows in November

China's services sector expanded at the quickest pace in five-month period in November, owing to a jump in new orders, though the outlook for businesses over 2019 worsened for the third month in succession.

Wed, 05 Dec 2018 02:41:23 GMT

Australian economic growth slows in Q3

The Australian economy expanded less that expected revealing GDP growth of 2.8% in the third quarter, missing expectations for a 3.3% increase, as consumers faced tepid wage growth.

Tue, 04 Dec 2018 21:01:28 GMT

Rouhani threatens to disrupt other countries oil exports through the Gulf

On Tuesday, the Iranian President Hassan Rouhani said that if Iran is unable to export oil through the Gulf, no other countries can.

Tue, 04 Dec 2018 21:01:07 GMT

US urges EU to consider sanction on Iran over missile test

On Tuesday, the US Special Representative for Iran Brain Hook urged the European Union to consider sanctions on Iran over its missile test.

Tue, 04 Dec 2018 20:16:26 GMT

"I am a Tariff Man": Trump threatens China

On Tuesday, the US President Donald Trump threatens to turn back to tariffs, if trade talks with China collapse, calling himself "I am a Tariff Man".

Tue, 04 Dec 2018 20:15:00 GMT

Wall Street declines on Tuesday

On Tuesday, US stocks plunged by more than 2%, led by bank shares, as worries over the health of the global economy pressured Wall Street.

Tue, 04 Dec 2018 19:24:19 GMT

Fortum enters talks with Elliott over Uniper takeover

Uniper's largest Finnish shareholder Fortum has entered talks with the activist fund Elliott about gaining control of Germany's energy company, three sources close to the matter reported.

Tue, 04 Dec 2018 19:20:09 GMT

Airbus, Lockheed tie up to pursue US Air Force refueling orders

Airbus and Lockheed Martin have joined forces in their efforts to beat the rival Boeing to supply the US Air Force with their refueling planes, both companies announced on Tuesday.

Tue, 04 Dec 2018 18:31:58 GMT

Brazil's Eletrobras and Petrobras agree on debt deal

On Tuesday, the Brazilian state-run oil company Petroleo Brasileiro and the power generation group Centrais Elétricas Brasileiras reached the agreement over the debt of Amazonas Geração e Transmissão and Amazonas Energia energy firms.

Tue, 04 Dec 2018 18:23:08 GMT

Jet Airways close to deal with Etihad Airways

Jet Airways, India's debt-laden carrier, is close to complete the deal with its shareholder Etihad Airways, where the UAE airline is set to inject fresh funds, according to CNBC-TV18 report published late on Tuesday.

Tue, 04 Dec 2018 17:20:41 GMT

Thomson Reuters to phase out 3,2K jobs within next two years

On Tuesday, Thomson Reuters announced about its plan to cut the company's workforce by 12%, which is 3,2K jobs, during the next two years, with intention to reduce costs and streamline its business.

Tue, 04 Dec 2018 17:01:26 GMT

Beiersdorf launches management shake-up by luring rivals

Nivea skin creams' maker Beiersdorf is set to launch management reshuffle when Stefan De Loecker, company's new CEO, takes over starting January 1, by luring managers from its rivals Reckitt Benckiser and Procter & Gamble.

Tue, 04 Dec 2018 15:59:15 GMT

Canada's Aphria defends its LatAm operations

On Tuesday, Canada's cannabis producer Aphria has backed its operations in Latin America from allegations over analysts report, which the firm overpaid for assets and which had now been poorly managed, causing money loss.

Tue, 04 Dec 2018 15:51:07 GMT

Chevron plans stakes sale in Azerbaijan's oil field, pipeline

The US gas and oil firm Chevron is considering a sale of its stakes in the BTC (Baku-Tbilisi-Ceyhan) pipeline and giant Azeri oil field ACG, after its rival Exxon Mobil made a similar move regarding ACG earlier this day.

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