News

Thu, 07 Nov 2019 18:54:59 GMT

Toyota, BYD to establish research venture for EV

BYD and Toyota Motor announced plans to set up a JV to design and develop electric vehicles, as they accelerate efforts to produce zero emissions cars.

Thu, 07 Nov 2019 17:59:04 GMT

World food prices up for first time in June

The FAO Food Price Index averaged 172.7 in October, up 1.7% from the prior month, the first increase since June, supported by surge in quotations for cereals and sugar.

Thu, 07 Nov 2019 16:44:44 GMT

Siemens cautions over 2020

Siemens was cautious over the global economy over the next year after surging sales of industrial software helped the company to beat forecasts in the Q4.

Thu, 07 Nov 2019 16:04:56 GMT

Toyota announces $1.8B share buyback

Toyota Motor planned a $1.8B share buyback after beating forecasts over higher global car sales, as operating profit grew 14% to $6.1B in the Q2.

Thu, 07 Nov 2019 15:01:55 GMT

Ralph Lauren beats profit forecatsson Thursday

On Thursday, Ralph Lauren Corp topped quarterly profit expectations, boosted by tighter expenses control and robust demand for the tweed jackets and Polo shirts in Europe and China, sending the brand's shares up 9%.

Thu, 07 Nov 2019 14:11:08 GMT

China and US to cancel tariffs step by step

China has agreed with the United States to eliminate tariffs, introduced during their trade war, in phases with no specifying a timetable, China's commerce ministry announced on Thursday.

Thu, 07 Nov 2019 12:41:44 GMT

Yandex launches autonomous delivery robots testing

Yandex launched testing of its autonomous delivery robots, named as the Yandex.Rover, that is able to carry small packages and navigate pavements at walking pace, the Russian internet giant stated on Thursday.

Thu, 07 Nov 2019 11:19:49 GMT

Uber stock continues to decline

On Thursday, the stock price of Uber was expected to decline, as it was revealed that the company would have to make a costly licensing deal with Waymo.

Thu, 07 Nov 2019 09:57:55 GMT

China to lure more foreign investment

On Thursday, China's cabinet has revealed guidelines aimed at luring more foreign investors and encourage its hi-tech industries investment, seeking to continue opening-up in such areas as financial and auto sectors.

Thu, 07 Nov 2019 09:09:39 GMT

Amazon's Australia unit signs up Zip Co

Amazon's Australian division signed up Zip Co to propose the BNPL service (buy now and pay later) on Amazon's local retail website, surging Zip shares by over 20% on the news.

Thu, 07 Nov 2019 08:37:10 GMT

Tesla plans expansion in China

Tesla is planning to increase its maintenance and repair shops by 50%, as well as add nearly 100 charging stations and revamp Chinese showrooms, as the electric car maker seeks to open a plant in Shanghai.

Thu, 07 Nov 2019 06:40:47 GMT

Xerox bids for HP

The US printer maker Xerox Holdings made a £25.68B cash-and-stock offer for HP, the personal computer maker, in a move over the firm more than three times its size.

Thu, 07 Nov 2019 05:41:34 GMT

Roku net loss widens in Q3

Roku reported that its net loss widened to $25.2M in the Q3, as the video streaming device producer spent more to attract subscribers to its platform.

Thu, 07 Nov 2019 05:17:52 GMT

LVMH asked to raise $14.5 B Tiffany offer

Tiffany & Co asked LVMH to increase its $14.5B acquisition offer, suggesting that the company significantly undervalued the jewellery chain.

Thu, 07 Nov 2019 03:19:25 GMT

Qualcomm beats revenue forecasts

Qualcomm reported 17% decline in revenue to $4.81B in the Q3, above estimates for a fall to $4.7B, sending the company's shares up 5% on Wednesday.

Wed, 06 Nov 2019 20:50:06 GMT

LSE investors plan Refinitiv deal vote on Nov. 26

London Stock Exchange shareholders are set to vote and pass their verdict on November 26 regarding a deal involving data provider Refinitiv worth $27B, LSE Group announced on Wednesday.

Wed, 06 Nov 2019 20:10:11 GMT

China explores nearly $10B investment in Aramco IPO

China is considering to invest up to $10B in Saudi Aramco's planned IPO, Bloomberg said on Wednesday, where some oil producers are exploring a possibility to acquire stock in the offering.

Wed, 06 Nov 2019 18:46:27 GMT

Tesla plans expansion in China

Tesla is planning to increase its maintenance and repair shops by 50%, as well as add nearly 100 charging stations and revamp Chinese showrooms, as the electric car maker seeks to open a plant in Shanghai.

Wed, 06 Nov 2019 17:47:03 GMT

Uber shares drop 9% to record low

On Wednesday, Uber Technologies shares dropped by 9% to its record-low level, as early investors shares had become available for sale after the expiration of a half year-long restriction linked to the ride-hailing firm's initial public offering.

Wed, 06 Nov 2019 15:50:11 GMT

M&S profit falls 17%

Britain's Marks & Spencer reported a 17% decline in H1 profit, affected by falling sales of clothing, though was confident of fixing problems and returning to growth.

Wed, 06 Nov 2019 15:49:52 GMT

Wendy's reveals strong results in Q3

Wendy's reported that its same-store sales in North America grew 4.4% in the Q3, while adjusted revenues increased 10.1% to $351.1M.

Wed, 06 Nov 2019 14:58:13 GMT

Apple reveals new tech details over privacy features

On Wednesday, Apple Inc has revealed new technical details on privacy features in the giant's latest operating systems work.

Wed, 06 Nov 2019 13:46:46 GMT

Lufthansa's crew strike to trigger 1,3K cancelled flights

Lufthansa's cabin crew strike this week will trigger 1,3K flight cancellations, affecting 180K passengers, the German airline said on Wednesday.

Wed, 06 Nov 2019 12:39:57 GMT

Aramco approaches Malaysia's Petronas with IPO offer

Saudi Aramco has made an offer to Malaysia's Petronas to participate in its planned initial public offering, as the oil giant aims to lure cornerstone investors for the listing.

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