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Malaysia seizes $240M from CPP's bank account
Sun, 14 Jul 2019 08:29:45 GMT
 
According to the Straits Times newspaper, Malaysian authorities have confiscated $240M from China Petroleum Pipeline Engineering (CPP) corporate account amid cancelation of two pipeline projects. >>
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Huawei to cut personnel in US
Sun, 14 Jul 2019 07:30:05 GMT
 
Huawei stated on Saturday that it would make massive layoffs of its employees in the United States amid the company's blacklisting by local authorities. >>
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Iran to continue oil exports by any means
Sun, 14 Jul 2019 05:46:10 GMT
 
On Saturday, Mohammad Javad Zarif, the Iranian Foreign Minister, told his UK counterpart Jeremy Hunt during their telephone call that Iran would continue oil exports by any means, urging Britain >>
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Barneys NY considers options, including bankruptcy
Sun, 14 Jul 2019 04:51:34 GMT
 
Barneys New York, the US luxury department store chain, is considering options, including a bankruptcy filing, due to a change off consumer tastes and high rents struggles, sources with a >>
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WPP sells 60% Kantar stake to Bain Capital
Sun, 14 Jul 2019 03:12:38 GMT
 
WPP is set to sell its 60% Kantar stake to Bain Capital, the private equity firm, in a deal that values the data analytics firm at around $4.0B, giving the >>
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Brazil's Hapvida triggers $700M IPO
Sun, 14 Jul 2019 02:12:46 GMT
 
Hapvida Participacoes e Investimentos, the Brazilian healthcare company, has launched an initial public offering that may attract up to $700M, according to the company's plan to sell 46.4M shares. >>
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Iran pledges to continue oil exports
Sat, 13 Jul 2019 20:25:00 GMT
 
On Saturday, the Foreign Minister of Iran Mohammad Javad Zarif told his British counterpart that oil exports would continue despite any obstacles. >>
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Tethyan Copper to receive $5.8B compensation
Sat, 13 Jul 2019 19:32:47 GMT
 
An arbitration court of the World bank ruled on Saturday that the Pakistani government must pay $5.8B compensation to Tethyan Copper. >>
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Allahabad Bank reports $259M supposed fraud
Sat, 13 Jul 2019 18:35:53 GMT
 
India's state Allahabad Bank stated on Saturday that it has detected a $259M fraud in Bhushan Power & Steel Ltd's corporate accounts and reported it to the Reserve Bank of >>
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China to enforce emission checks over steel mills
Sat, 13 Jul 2019 16:20:23 GMT
 
China is expected to continue to toughen production restrictions in the heavy industry by the end of the year and will enforce emission assessment over steel mills, the Ministry's of >>
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Malaysia to consider budget risks scenarios
Sat, 13 Jul 2019 14:59:10 GMT
 
The Finance Minister of Malaysia stated that the budget for 2020 will take into consideration risk scenarios caused by the US-China trade war, even as the country's economy revealed signs >>
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Uzbekistan to rise gas exports
Sat, 13 Jul 2019 14:27:00 GMT
 
Uzbekneftegaz, the state-owned company of Uzbekistan, stated that it is set to export 15B cubic meters of gas in the year of 2019, a 15% increase from the prior year. >>
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Chinese food industry expands in Jan-May
Sat, 13 Jul 2019 13:19:00 GMT
 
Chinese retail sales of oil, food, grain, tobacco, alcohol and beverage and reached nearly $118.89B in the January-May period, up 9.5% from a year earlier, growing steady five months in >>
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Ping An to invest in iTutorGroup
Sat, 13 Jul 2019 12:29:56 GMT
 
China's Ping An Insurance Group Co stated on Friday that it would make an investment in the online education startup autograph in order to extend its smart education part of >>
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South Korea calls Japan to drop export restrictions
Sat, 13 Jul 2019 11:28:20 GMT
 
The South Korean Trade Ministry stated on Saturday that it has called its Japanese colleagues to revoke all restrictions on the country's exports at the latest bilateral meeting. >>
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