News

Note: This section contains information in English only.
Fri, 03 Aug 2018 09:59:07 GMT

Chinese state buys sells US Dollar

Various banks belonging to the Chinese state were dumping the US Dollar on Friday in an effort to stop the fall of the Chinese Yuan.

Fri, 03 Aug 2018 09:39:22 GMT

Activision Blizzard's Q2 profit tops estimates on Call of Duty sales

Activision Blizzard bet the wall Street forecasts for the Q2 profit this Thursday, boosted by its blockbuster videogame "Call of Duty" strong sales.

Fri, 03 Aug 2018 09:25:30 GMT

FCC issues rules for 5G networks spectrum auction

On Thursday, the Federal Communications Commission announced measures for bidding on the high-band spectrum necessary to build the next generation of the 5G wireless networks.

Fri, 03 Aug 2018 08:04:34 GMT

Huawei expects smartphone shipments to exceed 200M this year

China's Huawei Technologies is expecting its global smartphone shipments to exceed over 200M in 2018, a recovery following a sharp decline the previous year.

Fri, 03 Aug 2018 07:55:10 GMT

Symantec to cut 8% of workforce, lowers revenue estimates

On Thursday, the antivirus software developer Symantec announced it would cut 8% of its workforce worldwide, as it seeks to bolster profit margins, adding it had also slashed its annual revenue forecast.

Fri, 03 Aug 2018 07:38:23 GMT

STMicro shares surge on news of Infineon interest last year

Shares of the technology firm STMicroelectronics surged 1.5% on Wednesday, following Bloomberg's report that Germany's peer Infineon had raised its takeover interest in the company in 2017.

Fri, 03 Aug 2018 07:31:52 GMT

Ant Financial, Didi Chuxing in talks over joint Ofo buy-out

Alibaba's Ant Financial and China's ride-hailing firm Didi Chuxing are discussing a potential joint buy-out offer for Ofo that could value the bike-sharing start-up at up to $2.0B.

Fri, 03 Aug 2018 06:39:18 GMT

Drugmaker Eli Lilly's Elanco Anial Helath arm files for listing

On Thursday, the drugmaker Eli Lilly's Elanco Animal Health unit has filed for an IPO with the US regulators, seeking to finalise the number of shares for the offering as soon as possible.

Fri, 03 Aug 2018 06:33:55 GMT

Swiss Re considers ReAssure listing for 2019

Swiss Re is looking at an initial public offering of ReAssure, the British closed book business, in 2019, as its net profit plunged 17% in this year's first half.

Fri, 03 Aug 2018 02:32:00 GMT

Heineken to sell China business to CR Beer for $3.1B

Heineken NV stated that it agreed to sell Chinese operations and take a 40% stake in a company controlling the country's largest beer maker China Resources Beer in a $3.1B worth deal.

Fri, 03 Aug 2018 02:29:17 GMT

China's new business growth slowest since December 2015

The Chinese services sector expanded at the slowest pace in the four-month period in July amid the weakest growth in new business since December 2015, a survey revealed.

Thu, 02 Aug 2018 20:05:57 GMT

Netanyahu cancels Colombia visit due to Gaza talks

On Thursday, the Prime Minister of Israel Benjamin Netanyahu claimed that he has cancelled his planned trip to Columbia because of the situation near Gaza strip. 

Thu, 02 Aug 2018 19:59:26 GMT

BMW beats quarter estimates

On Thursday, German carmaker BMW reported smaller-than-expected 6% decline of operating profit in the second quarter of 2018 despite the new anti-pollution law and trade tensions between Germany and the US.

Thu, 02 Aug 2018 19:39:46 GMT

Israel warns about military response if Iran blocks Bab al-Mandeb strait

On Wednesday, the Prime Minister of Israel Benjamin Netanyahu claimed that Israe lwas ready to deploy its army if Iran was to block the Bab al-Mandeb strait which leads to the Red Sea.

Thu, 02 Aug 2018 19:32:07 GMT

Mexico Economy Minister says talks with US to cover NAFTA issues

On Thursday, the Economy Minister of Mexico Ildefonso Guajardo claimed that talks with the US regarding the North American Free Trade Agreement (NAFTA) will cover all current disagreements between Mexico and the US on trade.

Thu, 02 Aug 2018 18:39:34 GMT

US Senator Paul to meet Russian Deputy Foreign Minister Ryabkov

On Thursday, Russian state-owned news agency Interfax reported that US senator Rand Paul is planning to meet Deputy Foreign Minister of Russia Sergei Ryabkov on August 6 during the US delegation's trip to Moscow.

Thu, 02 Aug 2018 18:35:25 GMT

Apple becomes first $1T publicly listed company

On Thursday, Apple Inc became the first publicly listed US company with a market valuation of $1 trillion after it has reported its quarterly profit results which has lead to the stock jump by 2.8%.

Thu, 02 Aug 2018 17:38:09 GMT

Sonos Inc shares rise 23% in debut

Shares of the wireless speaker Pioneer Sonos Inc surged 23% to $18.50 in the market debut this Thursday, bringing its market value to $1.82B.

Thu, 02 Aug 2018 17:31:27 GMT

Gift and gadget chain Brookstone files for Chapter 11

Brookstone, the gift and gadget chain, filed for the Chapter 11 bankruptcy protection on Thursday in its second time during the last five years.

Thu, 02 Aug 2018 16:11:39 GMT

Babylon Health, Prudential agree exclusive partnership in Asia

The worldwide leading insurer Prudential agreed the exclusive digital partnership with the British healthcare and technology company Babylon to grant a digital tool access to its Asian customers to manage their health better.

Thu, 02 Aug 2018 16:05:05 GMT

Qualcomm seeks to raise $1.0B from chips for speakers, watches

Qualcomm is expecting to raise over $1.0B in sales this year from its semiconductors chips for connected speakers, smart watches and other electronic devices outside its main business of mobile phone chips.

Thu, 02 Aug 2018 15:21:50 GMT

Infineon signs MoA with Alibaba to promote IoT

On Thursday, the German firm Infineon Technologies stated it had inked a memorandum of understanding with Alibaba's cloud computing unit to promote the Internet of Things uses.

Thu, 02 Aug 2018 15:10:46 GMT

TransCanada profit falls in second quarter

TransCanada reported on Thursday its profit plunged 11% to C$785M in the second quarter, compared to C$881M a year earlier.

Thu, 02 Aug 2018 14:38:04 GMT

Defence supplier L3 Tech to merge sensor, aerospace businesses

On Thursday, L3 technologies, the defence equipment maker, stated it was set to combine its sensor systems and aerospace businesses to focus on surveillance, reconnaissance and intelligence products.

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