News

Mon, 11 May 2020 11:24:36 GMT

EU to decide on FCA-PSA merger by mid-June

The European Union antitrust regulators are set to decide on the Fiat Chrysler and PSA Group's $50B merger deal by June 17, according to European Commission's filing published on Monday.

Mon, 11 May 2020 10:36:05 GMT

Toshiba views FY2019 profit nearly in line with estimates

On Monday, Toshiba Corp is expecting its operating profit for the financial year of over 130B yen, roughly in line with its previous forecast of 140B yen, due to a limited impact seen from the COVID-19 outbreak.

Mon, 11 May 2020 08:48:40 GMT

Sony halts PlayStation Store in China amid security upgrade

Sony suspended its China's PlayStation Store as it is seeking to boost its online store's security, temporarily preventing itself from game selling in the biggest video game market in the world.

Mon, 11 May 2020 08:35:32 GMT

Ericsson lifts 2025 outlook for 5G subscriptions

Sweden's Ericsson is set to raise its 2025 outlook for 5G subscriptions to about 2.8B from 2.6B seen previously due to the impact of the coronavirus outbreak, the company stated on Monday.

Mon, 11 May 2020 06:53:35 GMT

Japan's SoftBank sees 2020 operating profit stable

On Monday, the Japanese telecom company SoftBank Corp stated it is expecting its full-year operating profit to climb 0.9% to $8.6B.

Mon, 11 May 2020 06:35:39 GMT

Washington calls on chipmakers to build US plants

The Trump Administration has entered talks with the semiconductor firm, Intel Corp and TSMC, about constructing chip plants in the United States, both chipmakers stated.

Mon, 11 May 2020 04:44:40 GMT

People's Bank of China signals monetary easing

The People's Bank of China announced on Sunday that it would step up its monetary policy measures to support the economy.

Mon, 11 May 2020 03:56:46 GMT

Turkey may ease transaction ban on UBS, Citibank, BNP Paribas

The Turkish BDDK banking regulators may lift the Lira transaction ban on Citibank, BNP Paribas and UBS. Turkey's Anadolu news agency reported on Sunday.

Mon, 11 May 2020 02:48:02 GMT

Emirates Airline to increase debt

On Sunday, Emirates Airline announced that it would tap banks to raise debt in the Q1 to reduce the impact on cash flows, due to the coronavirus pandemic.

Mon, 11 May 2020 01:54:14 GMT

Japan may ease lockdown in some areas

Yasutoshi Nishimura, Japan's Economy Minister, announced on Sunday that the government is planning to ease the COVID-19 lockdown in some areas ahead of the May 31 deadline.

Sun, 10 May 2020 19:43:17 GMT

Italy supports companies

The Economy Minister of Italy Roberto Gualtieri revealed on Sunday that the Italian government would give companies tax incentives and participate in the issue of hybrid bonds.

Sun, 10 May 2020 18:53:33 GMT

Zambia seeks IMF funding

On Sunday, it was revealed that Zambia is looking to loan funds from the International Monetary Fund.

Sun, 10 May 2020 17:41:43 GMT

Israeli officials talk with airlines

The Finance Minister of Israel Moshe Kahlon on Sunday met with officials of the El Al Israel Airlines to discuss a recovery plan.

Sun, 10 May 2020 16:47:15 GMT

China signals monetary easing

The central bank of China announced on Sunday that it could increase its monetary easing measures.

Sun, 10 May 2020 15:41:05 GMT

Australia comments on Chinese tariffs

On Sunday, the Australian government raised concerns about China considering setting tariffs on Australian barley.

Sun, 10 May 2020 14:49:08 GMT

Turkey considers lifting transaction ban

The Turkish government announced on Sunday that it could lift transaction bans set on foreign banks.

Sun, 10 May 2020 13:57:42 GMT

Thyssenkrupp increases overhaul rate

On Saturday, the CEO of Thyssenkrupp Marina Merz announced that the ongoing overhaul of Thyssenkrupp is bound to be made faster due to the coronavirus.

Sun, 10 May 2020 12:41:10 GMT

S&P comments on gulf banks

S&P Global Ratings announced on Sunday that rated gulf banks could absorb a $36 billion shock wave before depleting capital.

Sun, 10 May 2020 12:30:30 GMT

Washington negotiates with chipmakers

On Sunday, the Wall Street Journal revealed that the US government is negotiating with chipmakers a move of production to the US.

Sun, 10 May 2020 10:58:33 GMT

Israeli ministry considers El Al support loans

On Sunday, Israel's Finance Minister and El Al Israel Airlines' officials are set to meet to make a decision regarding the recovery plan for the struggling carrier, after it was grounded amid the coronavirus outbreak.

Sun, 10 May 2020 10:36:16 GMT

Mazda Motor needs $2.8B in loans to get through pandemic

Mazda Motor Corp seeks $2.8B loans from the three Japanese top lenders and other banks, as the carmaker plans to ride out the crisis caused by the coronavirus pandemic.

Sun, 10 May 2020 09:36:27 GMT

Emirates plans raising debt to help through the pandemic

Emirates, one of the largest long-haul airlines in the world is set to raise debt, as it does not expect travel industry to recover for the next 18 months, following the coronavirus pandemic hit.

Sun, 10 May 2020 07:52:10 GMT

Trump announces agriculture buy out

On Saturday, the US President Donald Trump announced that the US government would buy up to $3 billion worth of US agriculture goods.

Sun, 10 May 2020 07:28:02 GMT

Musk moves production

The CEO of Tesla announced on Saturday that he would move production out of California to Texas or Nevada.

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