News

Sun, 05 Jul 2020 17:35:39 GMT

Vietnam to sell remaining stake in Sabeco

Vietnam's government is set to sell its remaining 36% stake in Sabeco, the country's largest brewer, by the end of 2020, an official document revealed.

Sun, 05 Jul 2020 15:41:12 GMT

Argentina economy to contract 12% this year

Argentina's economy is likely to contract 12% in 2020, worse than the prior forecast of a 9.4% drop, as output was ravaged the coronavirus pandemic.

Sun, 05 Jul 2020 14:54:53 GMT

SMIC to raise $6.55B in share sale

China's Semiconductor Manufacturing International Corp is expected to raise $6.55B in share sale at the Shanghai Stock Exchange.

Sun, 05 Jul 2020 14:00:23 GMT

Bangladesh forex reserves rise

Foreign exchange reserves of Bangladesh reached a record high of over $36B in June, data published by the Bangladesh Bank show.

Sun, 05 Jul 2020 13:18:56 GMT

China demand for loans rises in Q2

Overall demand for loans in China increased in the second quarter of 2020, compared to the previous three months, the People's Bank of China reports.

Sun, 05 Jul 2020 11:57:09 GMT

Chinese residents increase consumption in Q2

Chinese residents increased their consumption in the second quarter of 2020, data published by the People's Bank of China show.

Sun, 05 Jul 2020 11:21:38 GMT

China home prices increase in June

New home prices in China increased slightly by 0.53% to $2,189 per square meter in June, compared to the previous month, the China Index Academy reports.

Sun, 05 Jul 2020 11:08:00 GMT

Egypt announces senate elections

The Election Commissioner Lasheen Ibrahim stated on Sunday that elections to the Council of Senators of Egypt would be held on August 11-12.

Sun, 05 Jul 2020 10:24:43 GMT

UAE to restructure government

The United Arab Emirates stated on Sunday that it would restructure the government to make it more flexible and efficient when dealing with crises such as the coronavirus pandemic.

Sun, 05 Jul 2020 09:22:51 GMT

Indonesia-Australia deal enters into force

The agreement between Indonesia and Australia that cancels nearly all trade tariffs entered into force on Sunday.

Sun, 05 Jul 2020 08:11:59 GMT

Croatia holds elections

Thousands of Croatians went to polling stations on Sunday to elect a new parliament that would form a government capable to save the country from economic crisis.

Sun, 05 Jul 2020 07:09:41 GMT

Siemens sees 20% decline in business in three months

On Saturday, Ralf Thomas, the Chief Financial Officer of Siemens, said that the company saw business volume declined by 20% in April-June.

Sun, 05 Jul 2020 06:12:03 GMT

Brazil's govt expects to send tax reform bill to Congress

Mansueto Almeida, Brazil's Treasury Secretary, stated on Friday that the government is likely to send the tax reform bill to the Brazilian Parliament in August.

Sun, 05 Jul 2020 05:02:28 GMT

Embraer files lawsuit against planemaker's board

On Friday, workers' union of Embraer filed a lawsuit seeking to remove the planemaker's board for failing to prevent the joint deal with Boeing from falling through.

Sun, 05 Jul 2020 04:09:49 GMT

Cuban capital reopens without tourists

On Friday, Cuba's capital reopened after over three months of COVID-19 lockdown, but there was no indication of foreign visitors in Havana city.

Sun, 05 Jul 2020 03:11:39 GMT

Venezuela announces arrest warrants for members of CB board

The Venezuelan Chief Prosecutor Tarek Saab has issued arrest warrants for opposition's ad hoc Central Bank board of directors.

Sat, 04 Jul 2020 21:04:48 GMT

Italy to offer subsidies to combustion engine vehicles

According to two Italian lawmakers, Italy's Parliament has approved subsidies to combustion engine vehicles.

Sat, 04 Jul 2020 19:58:36 GMT

Daimler buys a stake in Farasis Energy

The German automaker Daimler stated on Saturday that it would acquire a stake in Farasis Energy, battery cell producer from China's Ganzhou.

Sat, 04 Jul 2020 18:59:01 GMT

NPC International applies for bankruptcy

NPC International, the US franchisee of Pizza Hut, filed for bankruptcy this week because of the coronavirus outbreak.

Sat, 04 Jul 2020 18:06:12 GMT

Siemens sees steep decline in business

Siemens saw the business volume contract nearly 20% in the April-June, and activity in 2021 is likely to stay below levels seen in 2019, the CFO told BoeZ.

Sat, 04 Jul 2020 16:43:16 GMT

Air France to slash 7,580 jobs

Air France announced plans to cut more than 7.5K jobs, including 1K positions at sister airline HOP, following the coronavirus-related crisis in air travel.

Sat, 04 Jul 2020 15:59:09 GMT

Sharp to list Dynabook PC next year

Japan's Sharp announced that it is sticking to an original plan to list laptop making unit in the next fiscal year, denying media reports that it may go public this year.

Sat, 04 Jul 2020 15:01:15 GMT

German Daimler to acquire stake in Chinese Farasis

The German carmaker Daimler plans to acquire an equity stake in the Chinese battery cell producer Farasis, the German carmaker reports.

Sat, 04 Jul 2020 14:00:38 GMT

Ireland economy to contract 9% in 2020

The Irish economy is likely to contract at least 9% in 2020 amid the coronavirus pandemic, a statement published by the Central Bank of Ireland shows.

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