News

Thu, 05 Dec 2019 08:32:03 GMT

GM, LG Chem to unveil EV battery JV

On Thursday, the South Korean group LG Chem and General Motors will announce their 50/50 joint venture to produce electric vehicle batteries with the facility expected to be located in Ohio.

Thu, 05 Dec 2019 06:18:44 GMT

Australian retail sales stall

According to data released on Thursday, the Australian retail sales stagnated in October, as resource exports declined at the start of the Q4.

Thu, 05 Dec 2019 05:01:39 GMT

iQiyi sees price hikes in China

Gong Yu, the founder and CEO of the Chinese video-streaming platform iQiyi, said that the company is laying the groundwork for price hikes of 10% to 20% in the Q2 of 2020 in China.

Thu, 05 Dec 2019 04:05:28 GMT

Trump expects to sign US-Japan trade proclamation

Robert Lighthizer, the US Trade Representative, said on Wednesday that the US President Donald Trump would sign the US-Japan trade deal proclamation next week.

Thu, 05 Dec 2019 02:59:51 GMT

Visco backs ESM reform

Ignazio Visco, the Governor of Italy's Central Bank, said on Wednesday that the European Stability Mechanism reform was a step in the right direction.

Wed, 04 Dec 2019 20:58:16 GMT

Japan's Astellas to acquire Audentes in $3.0B deal

Japan's Astellas Pharma will acquire the US drugmaker Audentes Therapeutics in a deal worth $3.0B, seeking to boost its growth in the genetic medicines area.

Wed, 04 Dec 2019 20:07:32 GMT

OPEC+ set to deepen oil trims amid Aramco IPO

OPEC is set to deepen oil trims, together with its allies, seeking to run the deal no later than June 2020 to deliver a positive result to the market ahead of the planned Saudi Aramco's IPO.

Wed, 04 Dec 2019 18:51:46 GMT

Alibaba-backed AutoX seeks driver-less test in California

The e-commerce giant Alibaba-backed Chinese start-up AutoX applied on Thursday for self-driving vehicle test without a back-up driver in California, challenging the market leader Alphabet's autonomous driving firm Waymo.

Wed, 04 Dec 2019 17:46:05 GMT

Instagram to require users birth dates amid youth safety

Facebook's Instagram is set to require new users' birth dates starting this Wednesday; a move that will expand the audience for the age-restricted products and offer new measures of youth safety.

Wed, 04 Dec 2019 16:41:21 GMT

Expedia's CEO and CFO step down

Expedia Group's Chief Financial and Chief Executive Officers announced their resignations on Wednesday due to disagreements with the company's board on its business outlook.

Wed, 04 Dec 2019 16:30:49 GMT

Airbnb to transfer EU payments through Luxembourg

The home rental company Airbnb is planning to process its EU hosts-guests payments through Luxembourg, starting 2020, as it prepares for Britain's withdrawal from the bloc, according to Reuters.

Wed, 04 Dec 2019 14:51:50 GMT

Wall Street indices recover

At the start of Wednesday's US trading session, stock indices surged. The surge was as recovery after the previous three consecutive sessions of losses.

Wed, 04 Dec 2019 14:15:56 GMT

Federal Reserve continues repo operations

On Wednesday, the New York Federal Reserve accepted $70.1 billion worth of overnight bids from repurchase agreement dealers.

Wed, 04 Dec 2019 12:41:21 GMT

Google stops political ads in Singapore amid election

Google has halted political advertisements' acceptance in Singapore months ahead of the widely expected election, due to a foreign interference threat in the country's domestic affairs.

Wed, 04 Dec 2019 11:48:03 GMT

Stocks rebound on Wednesday

During Wednesday's European trading session, stock indices surged and recovered some of the losses made in the previous trading sessions.

Wed, 04 Dec 2019 11:01:28 GMT

Amazon designs super powerful data centre chip

Amazon.com revealed that it designed more powerful and seven times faster data centre processor chip, compared to the previous model, seeking to challenge the market leaders, such as Advanced Micro Devices and Intel Corp.

Wed, 04 Dec 2019 09:56:23 GMT

Renault-Nissan alliance names new general secretary

On Wednesday, Renault, Nissan Motor and Mitsubishi Motors appointed Hadi Zablit as the alliance's new general secretary to boost business efficiencies across the carmakers.

Wed, 04 Dec 2019 09:08:28 GMT

Nintendo to roll out Switch in China soon

On Wednesday, Japan's Nintendo Co announced it would officially release its gaming console, called Switch, in China on December 10 priced $298 with Tencent Holdings, its local partner.

Wed, 04 Dec 2019 08:22:22 GMT

Amazon cooperates with Verizon

Amazon.com stated that it was extending cloud to 5G networks in cooperation with Verizon for developers to run latency-sensitive applications on mobile and connected devices.

Wed, 04 Dec 2019 06:42:43 GMT

Xiaomi, Oppo to use Qualcomm's new chips

Two fast-growing China's phone brands, Oppo and Xiaomi, announced that they are set to adopt Qualcomm's newest 5G chips in their devices in yearly 2020.

Wed, 04 Dec 2019 06:17:52 GMT

Shell, Trafigura, Mitsubishi bid for Ecuador's oil contract

Royal Dutch Shell, Trafigura and Mitsubishi presented their bids for the contract to lift 20.2M barrels of Ecuadorean crude oil between 2020 and 2023.

Wed, 04 Dec 2019 03:40:41 GMT

Amazon designs better data centre chip

Amazon.com said that it designed more powerful data centre processor chip, seeking to pose a challenge to market leaders Intel and Advanced Micro Devices.

Tue, 03 Dec 2019 20:40:31 GMT

Tariffs hurt US solar industry

A report released on Tuesday, revealed that the US solar industry could lose the chance to create nearly 62,000 new jobs and $19 billion in investments due to tariffs set on imported solar panels.

Tue, 03 Dec 2019 20:31:16 GMT

Nokia announces new Chairman

On Tuesday, the telecommunications company Nokia announced that it intends to appoint its former Networks Chief Sari Baldauf as Chairman.

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