News

Note: This section contains information in English only.
Tue, 13 Oct 2020 19:38:43 GMT

Capital Group ups Deutsche Bank stake to 7%

The US investor Capital Group bought extra shares in German lender Deutsche Bank, taking overall holdings to more than 7%, a regulatory filing revealed.

Tue, 13 Oct 2020 17:46:43 GMT

Audi to launch new EV venture with FAW

German automaker Audi signed an agreement with China's state-owned FAW Group to launch a venture to make premium electric cars.

Tue, 13 Oct 2020 16:43:44 GMT

BP to ship gas from Azerbaijan

Oil major BP confirmed its plans to begin shipping natural gas from Azerbaijan to Europe by the 2020 end, as concerns on the military conflict on the region heightened.

Tue, 13 Oct 2020 15:43:34 GMT

Indonesia to produce EV batteries

A group of Indonesia's state-owned firms are set to form a venture to make electric vehicle batteries, the MIND ID Chief Executive stated.

Tue, 13 Oct 2020 15:25:35 GMT

EU imposes tariffs over Chinese aluminium

The EU is set to impose 30.4%-48.0% duties over imports of aluminium products from China until an investigation into whether China's producers were selling at too low prices is completed.

Tue, 13 Oct 2020 13:49:28 GMT

Maersk plans 2K layoffs in business shake-up

Maersk, the world's largest container shipping line, reported faster recovering and raised its earnings forecasts, while also announcing it would count 2K jobs amid a cost-cutting programme.

Tue, 13 Oct 2020 13:29:13 GMT

China delays Ant's IPO approval

The Chinese securities regulator is delaying the approval for the potentially the biggest IPO in the world, planned by the fintech giant Ant Group and valued at $35B, Reuters reported.

Tue, 13 Oct 2020 12:36:33 GMT

Tesla trims Model S prices in US

On Tuesday, Tesla Inc said it trimmed the price for the Model S "Long Range" variation by 4% in the US, days after the company reported its quarterly deliveries hit record-high.

Tue, 13 Oct 2020 11:24:34 GMT

JPMorgan profit surges 4% in Q3

On Tuesday, JPMorgan Chase reported a surge of 4% in its Q3 profit, driven by a rise in trading activity on the back of the global financial markets' rebound from the coronavirus crisis.

Tue, 13 Oct 2020 10:12:48 GMT

Amazon workers launch strike on 'Prime Day'

Germany's trade union has called on seven Amazon warehouses' workers to launch a strike this Tuesday that coincides with the company's "Prime Day" promotion event, which has been postponed amid the coronavirus crisis.

Tue, 13 Oct 2020 08:52:48 GMT

Walt Disney launches restructuring

Walt Disney has triggered a restructuring of its entertainment and media businesses to boost Disney+ growth and other streaming services due to rising consumer demand.

Tue, 13 Oct 2020 07:43:44 GMT

Revolut to apply for banking license in US

Revolut, the digital banking app, prepares to apply for the US banking licence within weeks, according to a CNBC report.

Tue, 13 Oct 2020 07:04:23 GMT

Swiss Re, Daimler tie up on venture

Germany's carmaker Daimler and Swiss Re have established a joint mobility insurance venture Movinx, aiming to make highly automated vehicles that generate new data to help insurers at calculating risk.

Tue, 13 Oct 2020 05:55:25 GMT

Mallinckrodt files for Chapter 11

The opioid drug maker Mallinckrodt has filed for the Chapter 11 bankruptcy protection after allegations it had helped fuel the American opioid epidemic.

Tue, 13 Oct 2020 04:41:25 GMT

Adobe puts AI tools into marketing software

Adobe put new AI tools into the company's digital marketing software, aiming to help companies sharpen the marketing campaigns.

Tue, 13 Oct 2020 03:46:03 GMT

EV seen to triple market share in EU

Electric cars made up eight percent of the European vehicle sales in the 2020's H1, paving the way to triple their year's market share, the NGO T&E analysis showed.

Tue, 13 Oct 2020 02:46:54 GMT

China's Huya, DouYu plans merger

China's live game streaming firm Huya Inc is set to acquire its rival DouYu International Holdings in the stock-for-stock merger deal, sending DouYu's US-listed shares up 23.2% on the news.

Mon, 12 Oct 2020 21:05:02 GMT

Roblox confidentially files for public listing

On Monday, Roblox Corporation, the US gaming platform, has confidentially filed for public listing via the Securities and Exchange Commission, not specifying whether it will be an IPO or direct listing.

Mon, 12 Oct 2020 19:57:46 GMT

Saudi Arabia National Commercial Bank to purchase Samba

The National Commercial Bank, Saudi Arabia's biggest lender, will purchase its rival Samba Financial Group for $15B, a statement published by the company shows.

Mon, 12 Oct 2020 19:10:09 GMT

China, Cambodia sign free trade agreement

The Chinese State Councilor and Foreign Minister Wang Yi and the Cambodian Prime Minister Samdech Techo Hun Sen signed a free trade agreement between the two countries on Monday.

Mon, 12 Oct 2020 17:45:07 GMT

India industrial output contracts in August

The industrial production in India contracted 8% in August, compared to the same period the prior year, data released by the Ministry of Statistics show.

Mon, 12 Oct 2020 17:26:52 GMT

IMF: long ascent towards recovery ahead

Economies still face "long ascent" towards recovery from the covid pandemic, the Managing Director of the International Monetary Fund Kristalina Georgieva says.

Mon, 12 Oct 2020 16:26:14 GMT

IMF revises Brazil economic outlook

The International Monetary Fund expects the Brazilian economy to contract 5.8% in 2020 and expand 2.8% in 2021, a statement published by the IMF shows.

Mon, 12 Oct 2020 15:10:31 GMT

S.Korea consumer prices rise

Consumer prices in South Korea increased by 1% in September, compared to the same period the previous year, data published by the Statistics Korea show.

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