News

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Thu, 08 Nov 2018 11:13:54 GMT

Daimler and VW are willing to cover diesel scandal costs

On Thursday, Daimler and Volkswagen announced that the companies are willing to cover the costs of the car users, who need diesel hardware retrofits.

Thu, 08 Nov 2018 11:13:15 GMT

Theresa May increases diplomatic efforts

The Prime Minister of the United Kingdom has increased her attempts to create support in Europe for her version of a Brexit deal.

Thu, 08 Nov 2018 09:53:01 GMT

Eclipx Group to be sold for $662M to Australia's McMillan Shakespeare

McMillan Shakespeare, Australia's administrative services provider, is set to acquire Eclipx Group in a stock-and-cash deal valued at $661.9M, both companies announced on Thursday.

Thu, 08 Nov 2018 09:40:04 GMT

SoftBank to make investment in China's Hellobike

SoftBank is planning to make an investment in China's bike-sharing firm Hellobike, betting on the market that struggled with severe regulations and oversupply, sources reported on Thursday.

Thu, 08 Nov 2018 09:38:07 GMT

Tesla names Denholm to replace Musk as its chair

Tesla has appointed its board member Robyn Denholm as its new chair to replace Elon Musk, a month after the former electric vehicle maker's chairman had to resign amid US regulator settlement.

Thu, 08 Nov 2018 07:58:15 GMT

BMW, Daimler get EU approval for their car-sharing deal

The European competition regulator has granted its approval for a plan of the German luxury automakers, BMW and Daimler, to combine their ride-hailing businesses.

Thu, 08 Nov 2018 07:53:33 GMT

Alibaba Group's on-demand online services arm valued at $30B

The newly established on-demand online services arm of China's Alibaba Group has been valued at as much as $30B after attracting $4.0B in fresh funds.

Thu, 08 Nov 2018 07:39:26 GMT

Ford acquires San Francisco's e-scooter start-up Spin

Ford Motor announced on Thursday it would acquire the two-year-old San Francisco-based e-scooter company Spin in a deal valued at about $200M.

Thu, 08 Nov 2018 07:36:33 GMT

Thai Kasikornbank makes $50M investment into Grab

On Thursday, Thailand's Kasikornbank stated it had made a $50M worth investment in Singapore's Grab, signing a partnership deal that would help release their GrabPay electronic wallet next year.

Thu, 08 Nov 2018 05:59:03 GMT

Australian banking regulator points out higher capital requirements

Australia's bank regulator announced its intention to raise the amount of extra cash, which banks carry to withstand any financial shock in the future, the third request in three years.

Thu, 08 Nov 2018 05:55:04 GMT

British recruiters report pay rise nearing three-year high

Starting salaries for employees at the UK companies were rising at one of the strongest pace in recent years due to robust demand from employers and staff shortages, recruiters stated.

Thu, 08 Nov 2018 05:14:28 GMT

Roku anticipates decline in holiday quarter

Roku announced expectations for a surprise holiday-quarter loss and missed Q3 revenue estimates for the video streaming platform, causing 13% fall in shares in after-market trading.

Thu, 08 Nov 2018 05:11:47 GMT

Japan's machinery orders affected by worst-ever drop in September

Japanese core machinery orders slumped by the most in September after a severe typhoons and earthquake disrupted business activity, with economists' additional worries about a decrease in overseas orders.

Thu, 08 Nov 2018 04:34:13 GMT

Google plans to extend office space in NY

Alphabet's Google was nearing a deal to lease or buy an office in New York, which could provide extra space for 12K new workers, The Wall Street Journal reported.

Thu, 08 Nov 2018 04:31:44 GMT

China export growth strenghtens in October

China reported better-than-expected exports in October, as shippers brought goods to the US, the largest trading partner, seeking to beat increased tariff rates amid kick in at the beggining of 2019.

Thu, 08 Nov 2018 03:05:36 GMT

British house price indicator at six-year low: RICS

The UK house prices declined on the broadest basis since 2012, though the steepest falls remain focused southeast England and London, a monthly survey by the RICS revealed.

Thu, 08 Nov 2018 02:58:47 GMT

Japanese manufacturers' mood worsens due to trade war fears

Business confidence of Japanese manufacturers worsened in November and was anticipated to deteriorate further, the Reuters poll revealed, reflecting apprehension on the risks of a trade war between the US and China.

Wed, 07 Nov 2018 21:23:21 GMT

Zimbabwe, Guinea plan to deepen economic cooperation

Zimbabwe and Guinea plan to deepen economic cooperation and improve bilateral relations, the Zimbabwean President Emmerson Mnangagwa says during a visit to Guinea.

Wed, 07 Nov 2018 21:22:41 GMT

Brunei trade balance up in August

Brunei had a $206.7M trade balance in August 2018, a significant increase from $76.4M in August 2017, the Department of Economic Planning and Development at the Ministry of Finance and Economy reports.

Wed, 07 Nov 2018 20:45:30 GMT

Ukraine wants new sanctions on Russia

Western countries should impose new sanctions against Russia over the forthcoming elections in eastern Ukraine, the Ukrainian President Petro Poroshenko says.

Wed, 07 Nov 2018 20:44:41 GMT

German FM wants closer EU cooperation

The EU member states should have closer cooperation and invest more to defend themselves against possible import tariffs, the German Foreign Minister Heiko Maas says.

Wed, 07 Nov 2018 18:46:54 GMT

Israel to invest in technological development

Israel plans to invest $32.7M in the development of advanced technologies, the Israel Innovation Authority together with the Israeli Ministry of Economy say.

Wed, 07 Nov 2018 18:45:46 GMT

China and Russia discuss economic ties

The Chinese Premier Li Keqiang and the Russian Prime Minister Dmitry Medvedev discussed deeper economic ties at the China-Russia Prime Ministers' Regular Meeting in Beijing.

Wed, 07 Nov 2018 18:27:59 GMT

Taiwan's exports increase 7.3% in October

Taiwan's exports in October increased by 7.3% to $29.57B compared to the same period the previous year, island's finance authority reports.

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