News

Fri, 27 Apr 2018 12:15:40 GMT

China gives green light to Geely's purchase of AB Volvo stake

Zhejiang Geely Holding's CFO Daniel Li announced on Friday that China's authorities had approved its purchase of an 8.2% stake in Sweden's truckmaker AB Volvo.

Fri, 27 Apr 2018 12:11:44 GMT

Nintendo ties-up with Cygames to bolster mobile gaming

On Friday, Japan's video game developer Nintendo announced it had tied-up with the Tokyo-based online games maker Cygames, as it sought to boost the smartphone gaming business.

Fri, 27 Apr 2018 11:36:09 GMT

Russian, Azeri foreign ministers discuss Nagorno-Karabakh

On Friday, the Foreign Ministers for Russia and Azerbaijan have discussed the possible settlement of the Armenian-Azeri conflict around the Nagorno-Karabakh region in a telephone call.

Fri, 27 Apr 2018 11:33:09 GMT

Fujifilm renews merger negations with Xerox

Japan's Fujifilm Holdings has resumed its talks with Xerox over their $6.1B merger deal, its terms and conditions, a spokeswoman for Fujifilm stated on Thursday.

Fri, 27 Apr 2018 10:26:53 GMT

European shares continue strengthening for fifth week

European shares opened higher early on Friday due to solid fundamentals from Spanish banks and stronger tech stocks, thus extending their gains for the fifth consecutive week.

Fri, 27 Apr 2018 10:22:08 GMT

Oil prices weaken on Friday

Oil prices fell on Friday in response to a stronger US Dollar, with the Brent crude and the US West Texas Intermediate crude reaching $74.47 and $67.88, respectively.

Fri, 27 Apr 2018 09:04:43 GMT

Kobe Steel plans to sell 75% stake in Shinko Real Estate unit

On Friday, the Japanese firm Kobe Steel announced it would sell 75% stake in its Shinko Real Estate unit to two Japan's real estate companies for $678M.

Fri, 27 Apr 2018 09:04:34 GMT

Hyundai to cancel $890M worth of treasury shares

Hyundai Motor stated on Friday it would cancel $890M in treasury shares due to shareholder pressure to boost returns, reshuffle and bounce back from depressed earnings.

Fri, 27 Apr 2018 07:55:48 GMT

Square to acquire website building start-up Weebly

Square is set to acquire the website building platform Weebly in a deal worth $365M that would help the payments company to provide its small business clients with the wider range of services and expand the customer base globally.

Fri, 27 Apr 2018 07:52:41 GMT

Sony sees its annual profit drop amid strong yen

On Friday, Sony stated it expects the operating profit to tumble 8.8% to $6.13B in the current year through March 2019, on the back of a stronger yen that slows its image sensor business.

Fri, 27 Apr 2018 06:53:27 GMT

Tesla's board seeks shareholders to vote against independent chairman

On Thursday, Tesla's board recommended ahead of the annual meeting that shareholders voted against a proposal for the EV maker's chairman to become an independent director.

Fri, 27 Apr 2018 06:53:15 GMT

Shares in Chinese online poker game firms fall amid ban reports

Shares of China's Internet poker game companies dropped up to 18% of their value last week on local media's reports over the potential ban the government would impose on poker-related firms from June 1.

Fri, 27 Apr 2018 06:30:43 GMT

Sprint, T-Mobile achieve progress in talks, seeking for deal

The US wireless carriers Sprint and T-Mobile US have achieved some progress in talks over merger terms, seeking to complete the deal negotiations as soon as next week.

Fri, 27 Apr 2018 06:27:43 GMT

TSMC plans $14B investment to expand R&D at Hsinchu facility

The biggest contract chipmaker in the world, Taiwan Semiconductor Manufacturing Co, is set to invest $13.50B in its R&D capacity to expand future technologies at the Hsinchu production facility.

Fri, 27 Apr 2018 05:20:35 GMT

Airbus posts lower Q1 profit

Airbus reported on Friday a 12% fall in revenues that was mainly attributed to lags in engine deliveries and also announced its decision to cut A330 deliveries to approximately 50 jets per year due to low demand.

Fri, 27 Apr 2018 05:07:18 GMT

North and South Korea's leaders meet in demilitarization zone

The President of South Korea Moon Jae-in met on Friday with his North Korean counterpart Kim Jong Un within the framework of historical peace summit that was organized for the first time in ten years.

Fri, 27 Apr 2018 04:23:39 GMT

Peruvian court rules to free Humala

The Supreme court of Peru ruled on Friday to that the country's former President Humala must be released from prison where they have been locked up for the last nine months anticipating court trial over money laundering.

Fri, 27 Apr 2018 04:17:49 GMT

BOJ keeps Policy Rate at -0.10%

The Bank of Japan did not announce any changes to its monetary policy on Friday leaving near term interest rate and minus 0.1% and inflation forecast for next fiscal year at 1.8%.

Fri, 27 Apr 2018 02:54:36 GMT

Chinese industrial profits up 3.1% in March

Profits earned by Chinese industrial businesses were 3.% higher in March, slowing significantly from the previously seen growth pace, the statistics bureau stated.

Fri, 27 Apr 2018 02:54:26 GMT

China's Li open to trade talks with US

China was open to start negotiations with the US to resolve trade disputes, with the country's Premier Li Keqiang noting that the conflict should be managed through dialogue.

Fri, 27 Apr 2018 02:34:33 GMT

Japan's retail sales rise less than expected in March

Japan's retail sales grew 1.0% year-over-year in March, missing expectations for a 1.7% increase, in a setback to hopes for stronger consumer spending.

Fri, 27 Apr 2018 02:33:49 GMT

Japan factory production beats expectations in March

Japanese industrial output increased more than anticipated 1.2% in March, following a 2.0% gain in the prior month, government data revealed.

Thu, 26 Apr 2018 20:23:42 GMT

Intel results beat analysts estimates

On Thursday, Intel Corp beat profit and revenue expectations for the first quarter of 2018 due to the higher demand for personal computers and data centers chips.

Thu, 26 Apr 2018 20:13:20 GMT

Nintendo appoints new Chief Executive

On Thursday, Japanese consumer electronics and video game company Nintendo Co Ltd announced that 46-year-old Shuntaro Furukawa is appointed as a new company's Chief Executive Officer. 

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