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Chinese industrial output rises
Mon, 15 Jul 2019 20:33:10 GMT
 
The Chinese industrial output expanded 6% in the first half of 2019, compared to the same period the previous year, the National Bureau of Statistics reports. >>
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Indonesia reports $200M trade surplus
Mon, 15 Jul 2019 19:06:56 GMT
 
Indonesia reported a trade surplus of $200M in June after a trade deficit of $1.93B in the first five months of 2019, the country's Central Statistics Bureau reports. >>
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AfCFTA to boost economic growth in Africa
Mon, 15 Jul 2019 18:25:49 GMT
 
The African Continental Free Trade Area will help countries in Africa to boost trade and achieve faster economic growth, a South African senior government official says. >>
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Russia, Georgia to normalize ties
Mon, 15 Jul 2019 17:32:50 GMT
 
Russian and Georgian policy makers are ready to resolve tensions in relations between the two nations, Leonid Kalashnikov, Chairman of the Russian State Duma's committee says. >>
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Ethiopia receives $100M to boost innovation
Mon, 15 Jul 2019 16:27:28 GMT
 
Ethiopia and the UAE signed a $100M agreement to support small and medium businesses with an emphasis on innovation and technology sectors, the Ethiopian Prime Minister Office reports. >>
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China's Huawei Technologies set to invest $3.1b in Italy
Mon, 15 Jul 2019 15:06:23 GMT
 
Huawei Technologies announced on Monday that it would invest about $3.1b in Italy during the next three years, but asked for fair policy in the development of 5G networks. >>
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Symantec, Broadcom halt deal negotiations
Mon, 15 Jul 2019 14:10:22 GMT
 
The US chipmaker Broadcom and the cybersecurity company Symantec have halted their negotiations over the merger deal, sending Symantec's shares down 18% to $21.01, while Broadcom's shares rose almost 3% >>
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Callon Petroleum to acquire Carrizo Oil & Gas
Mon, 15 Jul 2019 13:03:41 GMT
 
On Monday, Callon Petroleum stated it would acquire Carrizo Oil & Gas in the all-stock deal worth $3.2B aimed to boost the company's presence in the Eagle Ford and Permian >>
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Citigroup reports 7% quarterly profit rise
Mon, 15 Jul 2019 12:37:44 GMT
 
On Monday, Citigroup reported its quarterly profit rose 7% to $4.80B, or $1.95 for a share, helped by consumer lending strength and lower costs. >>
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Didi Chuxing's users to to be allowed access rivals' services
Mon, 15 Jul 2019 10:51:31 GMT
 
Didi Chuxing, the Chinese largest ride-hailing company, is set to allow its app users to access services provided by its rivals, such as FAW, Dongfeng and GAC, the company announced >>
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Bitcoin drops ten percent
Mon, 15 Jul 2019 09:40:06 GMT
 
Over the weekend, the price for Bitcoin dropped ten percent. Financial media attributed the drop to fears of a crypto crackdown that could be caused by Facebook's Libra coin. >>
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China's Ping An plans investment in iTutorGroup
Mon, 15 Jul 2019 09:06:29 GMT
 
China's Ping An Insurance Group stated it was planning an investment in iTutorGroup, the online education company, seeking for expansion of the "smart education" business by promoting the AI technology >>
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Norway's Adevinta sees French digital tax affecting earnings
Mon, 15 Jul 2019 08:08:03 GMT
 
Adevinta, the Norwegian online advertising group, stated that the newly introduced French digital tax would likely affect the company's earnings on the back of its Q2 earnings report, which came >>
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PSA Group's car sales drop amid emerging-market slump
Mon, 15 Jul 2019 07:20:34 GMT
 
France's automaker PSA Group announced on Monday its car sales plunged 12.8% in the year's first half due to heavy weight of the weakeing emerging markets affecting overseas operations. >>
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Australia's AMP likely to scrap $2.0B insurance sale
Mon, 15 Jul 2019 05:59:31 GMT
 
AMP, the Australian wealth manager, stated on Monday it would likely drop its $2.3B life insurance unit's sale, following the New Zealand central bank's intervention, raising concerns over the company's >>
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