News

Note: This section contains information in English only.
Mon, 08 Oct 2018 05:39:28 GMT

Schroders discusses potential alliance with Lloyds Banking Group

The asset manager Schroders is in talks with Lloyds Banking Group over forming the wealth management alliance, it stated on Sunday.

Mon, 08 Oct 2018 05:37:00 GMT

Walmart ties up with MGM over video-on-demand service Vudu

On Monday, Walmart announced it would collaborate with Metro Goldwyn Mayer, the US film studio, to develop content for Vudu, its video-on-demand service.

Mon, 08 Oct 2018 03:18:06 GMT

MYOB Group announces A$1.75B buyout offer from KKR

Australia's MYOB Group stated that investment firm KKR & Co proposed to buy shares in the firm for about A$1.75B after bagging a 17.6% stake from Bain Capital.

Mon, 08 Oct 2018 03:10:52 GMT

Invuo Technologies AB to file application for bankruptcy

Invuo Technologies AB announced that it decided to file an application for bankruptcy, which would include Invuo Services AB, the company's Swedish subsidiary.

Mon, 08 Oct 2018 02:36:00 GMT

China's tourist spots receive 726M visitors over holiday

China's tourism sites received 726M visits from domestic travellers over the one week holiday due to the National Day, up 9.43% year-over-year, the Ministry of Culture and Tourism stated.

Mon, 08 Oct 2018 02:32:16 GMT

Chinese services sector grows in September

China's services sector expanded at its fastest pace in the three-month period in September on improved demand, though employment shrunk and cost pressures rose, a private survey revealed.

Sun, 07 Oct 2018 20:31:14 GMT

Japan's Abe ready to welcome Britain into TPP

On Sunday, Japan's Prime Minister Shinzo Abe stated to the Financial Times that the Asian country was ready to welcome Britain into the Trans Pacific Trade Pact.

Sun, 07 Oct 2018 20:27:08 GMT

Einhorn's Greenlight quits Apple amid fears on US-China trade war

David Einhorn's Greenlight Capital has sold the rest of its Apple shares on the back of the rising fears over the US-China trade war, a letter sent to investors by the hedge fund showed.

Sun, 07 Oct 2018 19:32:49 GMT

Britain calls on Comcast for extra reassurances on Sky News independence

Britain is calling on Comcast for additional reassurances on the Sky News TV channel's editorial independence, after the US group had acquired the broadcaster Sky.

Sun, 07 Oct 2018 19:28:09 GMT

Faraday Future seeks termination of stake sale deal to Evergrande

The electric vehicle developer Faraday Future is seeking to scrap a 45% stake sale deal to the Chinese group Evergrande Health, saying the payment conditions of the deal had not been fulfilled.

Sun, 07 Oct 2018 18:31:57 GMT

Qingdao Haier to keep planning D-shares sale in Germany

Qingdao Haier, China's home appliances producer, stated it would continue preparing for a sale of up to 400M D-shares in Germany's Frankfurt, scheduled for October 15, which could value the Chinese company at about $964M.

Sun, 07 Oct 2018 18:27:02 GMT

Big PE consortium plans Arconic acquisition bid

The large private equity consortium of Carlyle Group, Blackstone Group, Canada's Pension Plan Investment Board and Onex Corp are set to acquire Arconic, the aluminum products maker, according to sources familiar with the situation.

Sun, 07 Oct 2018 17:21:49 GMT

Telecom Italia executive criticises management behavior

The CEO of Telecom Italia Amos Genish admitted on Sunday that disagreement between the company's top management, its shareholders and the board were unproductive, yet he has no intention to step down.

Sun, 07 Oct 2018 17:18:11 GMT

Pakistan considers IMF help

The Prime Minister of Pakistan Imran Khan stated on Sunday that the government might ask the International Monetary Fund for help, though wants to evaluate other options first.

Sun, 07 Oct 2018 16:28:42 GMT

China to lower reserve requirements for banks

On Sunday, the Central Bank of China announced its plans to gradually lower the amount of cash that financial institutions are required to hold as reserves amid an escalating trade war with the US.

Sun, 07 Oct 2018 16:25:22 GMT

Germany denies deportation of migrants back to Italy

The German Interior Ministry Spokesman said on Sunday that there were scheduled no special flights to Italy for migrants, thus denying an allegation made by Italian Interior Minister Matteo Salvini.

Sun, 07 Oct 2018 15:21:12 GMT

Italy remains oriented to save Alitalia

According to report published by the Il Sole 24 Ore, Italian government is firm to save Alitalia via acquiring a 15% stake in the company together with Ferrovie dello Stato and some foreign investor.

Sun, 07 Oct 2018 15:16:46 GMT

Zeman defends his statement about Roma

The President of Czech Republic Milos Zeman on Sunday refused to give up his words that he is grateful to 10% of the country's Roma who are employed.

Sun, 07 Oct 2018 14:04:22 GMT

Trump to announce new ethanol-related measure

According to sources familiar with the matter, the US President Donald Trump will announce abolishment of prohibition on summer sale of gasoline from higher-ethanol blends this Tuesday.

Sun, 07 Oct 2018 14:00:37 GMT

Qatar believes oil market is balanced

The Energy Minister of Qatar Mohammed al-Sada stated on Sunday that crude oil market is balanced itself while recent surge of prices was attributed to geopolitical changes.

Sun, 07 Oct 2018 13:33:41 GMT

Erdogan says Turkey has no serious economic problems

The President of Turkey Tayyip Erdogan stated on Sunday that he would not ask International Monetary Fund's help, as his country was not confronting any serious economic problems.

Sun, 07 Oct 2018 13:30:38 GMT

Sturgeon pledges to propose independence plan

The head of Scottish National Party Nicola Sturgeon promised on Sunday that she would present a new independence plan as soon as Theresa May reveals details of her Brexit deal negotiated in Brussels.

Sun, 07 Oct 2018 12:10:30 GMT

Egypt starts bond roadshow in Asia

The Finance Ministry of Egypt announced on Sunday the start of its pan-Asian roadshow intended to attract local investors to its international bonds.

Sun, 07 Oct 2018 12:07:16 GMT

US and North Korea agree to have another summit

According to South Korea's presidential office, the US Secretary of State Mike Pompeo and head of North Korea Kim Jong Un have agreed to organize a second inter-state summit as soon as possible.

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