News

Fri, 10 Jan 2020 15:42:55 GMT

BMW sells 2.52M vehicles in 2019

BMW stated that it sold 2.52M BMW, Rolls-Royce and Mini cars last year, becoming the best-selling vehicle group ahead of Daimler.

Fri, 10 Jan 2020 15:12:12 GMT

China's Ucommune finds lender for its IPO

Ucommune, Chian's shared workspace provider, has found a little-known US investment lender for its planned initial public offering, as Citigroup and Credit Suisse rejected an offer to underwrite it.

Fri, 10 Jan 2020 14:24:20 GMT

Jaguar Land Rover's sales drop last year

Full-year sales in Jaguar Land Rover slipped 6% in 2019, the carmaker reported on Friday, as the performance was hit by slowing demand for diesel cars in Europe and weakening Chinese vehicles market.

Fri, 10 Jan 2020 12:41:37 GMT

China's Ctrip explores Hong Kong listing

Ctrip, the US-listed online travel group, has entered talks with banks over a potential secondary Hong Kong listing, planning to follow Alibaba Group in establishing a base of investors closer to China.

Fri, 10 Jan 2020 12:16:51 GMT

JLR's sales drop last year

Full-year sales in Jaguar Land Rover slipped 6% in 2019, the carmaker reported on Friday, as the performance was hit by slowing demand for diesel cars in Europe and weakening Chinese vehicles market.

Fri, 10 Jan 2020 10:46:27 GMT

Oil prices decline

During Friday's European morning trading hours, crude oil price benchmarks declined down to the $65 mark. The decline was caused by higher than forecast amassing of US oil inventories.

Fri, 10 Jan 2020 09:24:33 GMT

Trump sees China trade deal to be signed after Jan. 15

The US President Donald Trump stated on Friday that the Chinese trade deal's Phase 1 should be signed shortly after January 15.

Fri, 10 Jan 2020 08:00:45 GMT

EU reopens inquiry into Boeing-Embraer deal

The EU antitrust regulators resumed their probe into Boeing's deal to acquire Embraer's commercial arm, setting a new deadline of April 30 for the final decision to be made.

Fri, 10 Jan 2020 06:41:12 GMT

Voya Financial considers sale to insurance firms

Voya Financial considers selling itself to insurance groups in a potential deal that could bring the value of the US insurance and retirement plan provider to $10B or more, according to Financial Times.

Fri, 10 Jan 2020 05:43:10 GMT

IKEA enters UK with London mall acquisition

The shopping centre business of IKEA is spending £170M to acquire and upgrade a mall in London in its first round of entering Britain, planning to win hearts of a nation by doing the shopping online.

Fri, 10 Jan 2020 04:43:14 GMT

Takeaway shareholders accepts Just Eat purchase

Takeaway.com, the Dutch food ordering firm, announced that its shareholders had granted their approval for the proposed £5.9B acquisition of the UK peer Just Eat during the shareholder meeting held in Amsterdam.

Fri, 10 Jan 2020 03:46:24 GMT

FAB launches auction of Dubai Shangri-La hotel

First Abu Dhabi Bank has launched the auction process for the construction group Al Jaber's Dubai Shangri-La hotel with an initial price of $190.59M, Reuters reported.

Fri, 10 Jan 2020 03:37:25 GMT

Royal Dutch Shell to sell its Anacortes oil refinery

Royal Dutch Shell is looking for a buyer for its oil refinery located in Anacortes, Washington, as Shell seeks to reduce its North American refining operations to expand factories on the US Gulf Coast.

Thu, 09 Jan 2020 20:42:18 GMT

US tariffs cost American firms $46B since February 2018

According to data, released by the US Commerce Department, the overall tariffs, imposed by the US President Donald Trump, cost American firms $46B since February 2018.

Thu, 09 Jan 2020 19:57:06 GMT

Airbus to increase production of A320-family jets

Airbus announced on Thursday that it would increase the production of A320 single-aisle jets to seven per month by the beginning of next year.

Thu, 09 Jan 2020 18:58:01 GMT

Japanese Yen falls to two-week low

The Japanese yen, seen as a safe-haven currency, declined to a two-week low against the US Dollar after Iran's missile strike.

Thu, 09 Jan 2020 17:59:47 GMT

US stocks hit record highs

On Thursday, Wall Street's major indexes hit record levels, as the Middle East nerves eased. The Dow Jones Industrial Average was up by 182.22 points at 11:29 a.m. ET.

Thu, 09 Jan 2020 16:42:39 GMT

World food prices keep surging

The FAO Food Price Index measuring changes for a product basket price jumped to the five-year high of an average 181.7 points, rising 2.5% from the prior month.

Thu, 09 Jan 2020 16:13:58 GMT

Canada's housing starts decline surprisingly

Canada's housing starts unexpectedly declined 3% to 197K units in December, as groundbreaking fell on multi-family homes.

Thu, 09 Jan 2020 15:23:37 GMT

Europe stocks hit record-high as Middle East tensions ease

On Thursday, the European shares reached its record-high after the US and Iran backed down from the further military tension escalation and investors wert back to riskier assets over firmer hopes of the US-China trade deal.

Thu, 09 Jan 2020 14:17:06 GMT

VW's last-year car deliveries slightly rise

On Thursday, Volkswagen Group reported its vehicle deliveries in 2019 slightly rose from the prior year's level, upwardly revising earlier estimates that predicted the 2019 sales would stay on hold.

Thu, 09 Jan 2020 13:39:41 GMT

iPhone's China sales rise 18% last month

Apple's iPhone China sales in December rose over 18% to 3.2M units year-over-year, according to the government data published on Thursday.

Thu, 09 Jan 2020 11:50:27 GMT

FlixMobility gains 37% passenger growth in 2019

On Thursday, Transport app FlixMobility reported a 37% surge in its passenger numbers for the period of 2019, as the German best-funded tech start-up seeks to become the world's largest intercity bus services provider.

Thu, 09 Jan 2020 11:06:52 GMT

Mark Carney comments on policy

On Thursday, the Governor of the Bank of England Mark Carney stated that the bank could decrease interest rates, if there remains the apparent economic weakness.

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