News

Note: This section contains information in English only.
Tue, 03 Mar 2020 10:42:32 GMT

ECB works on new lending scheme

On Tuesday, the ECB announced that it is preparing a new lending scheme, which would help coronavirus affected companies.

Tue, 03 Mar 2020 10:03:22 GMT

Novartis unit agrees to pay $195M to settle antitrust charges

Sandoz, the Novartis unit, agreed to pay $195M to reach thee deferred prosecution deal to resolve antitrust charges, following the 2013-2015 probe into the generic drug industry, the Justice Department stated.

Tue, 03 Mar 2020 09:06:55 GMT

Goldman bans non-essential international business travel

Goldman Sachs Group has suspended all the non-essential foreign business travel due to "precautionary measures" related to the coronavirus outbreak.

Tue, 03 Mar 2020 08:39:19 GMT

Lyft flags output delays amid coronavirus

The ride-hailing firm Lyft Inc reported production delays of its certain automotive components and parts of scooters and bikes due to the coronavirus outbreak.

Tue, 03 Mar 2020 06:31:18 GMT

Wall Street surges on Monday

During Monday's US trading hours, stock indices surged. The surge was attributed to various central banks revealing upcoming economic stimulus.

Tue, 03 Mar 2020 04:41:22 GMT

Brazil posts trade surplus

On Monday, the Brazilian government published a $3.1 billion trade surplus for February.

Tue, 03 Mar 2020 04:31:22 GMT

Apple gets fined

Apple Inc revealed on Monday that it would pay almost $500 million to settle a litigation that accuses the company of slowing down older iPhones.

Mon, 02 Mar 2020 21:43:26 GMT

Former Navistar CEO pays fine

On Monday, the SEC announced that the former CEO of Navistar International Corporation would pay $500,000 for misleading investors.

Mon, 02 Mar 2020 21:15:48 GMT

Ryanair to cut flights to Itay amid coronavirus

Ryanair is set to cut capacity in and out flights to Italy 25% for three weeks amid significant decline in bookings since the coronavirus outbreak.

Mon, 02 Mar 2020 20:27:54 GMT

Honda to cut production in Japan due to parts shortage

Honda Motor is set to temporarily cut production in two Japanese factories amid difficulty in getting parts from China due to the coronavirus outbreak.

Mon, 02 Mar 2020 18:44:37 GMT

Lyft flags output delays amid coronavirus

The ride-hailing firm Lyft Inc reported production delays of its certain automotive components and parts of scooters and bikes due to the coronavirus outbreak.

Mon, 02 Mar 2020 17:41:10 GMT

Switzerland files complaint against CIA

The government of Switzerland has lodged a criminal complaint against the US Central Intelligence Agency over its cryptography company's use allegedly as a front with the aim to spy on secret communications of different governments, the Swiss official said.

Mon, 02 Mar 2020 16:59:46 GMT

Nokia names Fortum head Lundmark as new CEO

On Monday, Nokia has appointed Pekka Lundmark, the energy group Fortum's current CEO, as the Finnish company's new Chief Executive to succeed Rajeev Suri, who is set to resign in September.

Mon, 02 Mar 2020 16:23:59 GMT

Trump calls on US Fed to cut rates

On Monday, the US President Donald Trump has put pressure on the US central bank to trim interest rates, claiming the Federal Reserve was "slow to act" and calling on it to be more aggressive.

Mon, 02 Mar 2020 14:42:06 GMT

WillScot, Mobile Mini plan all-share merger deal

The US mobile office trailers biggest supplier, WillScot Corp, is set to combine in about $6.6B worth all-share deal with the largest US portable storage solutions provider, Mobile Mini Inc, both companies stated on Monday.

Mon, 02 Mar 2020 13:40:40 GMT

Toyota to set new $1.2B EV factory in Tianjin

The Japanese carmaker Toyota is planning to construct a new $1.22B electric car plant in China's city of Tianjin, in a joint venture with FAW Group, its local partner, Toyota announced on Monday.

Mon, 02 Mar 2020 13:06:00 GMT

Samsung launches R&D centre building Vietnam

Samsung Electronics has launched building its $220M worth research and development centre in Vietnam, the local unit of South Korea's tech giant announced on Monday.

Mon, 02 Mar 2020 11:10:43 GMT

Hyundai posts weakest monthly sales in ten years

Hyundai Motor reported on Monday its record-low monthly global sales in ten years in February due to the coronavirus outbreak's negative impact on demand.

Mon, 02 Mar 2020 10:22:42 GMT

Lufthansa calls off China and Tehran flights

On Monday, Lufthansa announced it was suspending all flights to China and Tehran until April 24 and April 30 respectively amid the coronavirus outbreak.

Mon, 02 Mar 2020 08:56:39 GMT

Nokia names Fortum head Lundmark as new CEO

Nokia has appointed Pekka Lundmark, the energy group Fortum's current CEO, as the Finnish company's new Chief Executive to succeed Rajeev Suri, who is set to resign in September, Nokia stated on Monday.

Mon, 02 Mar 2020 07:44:41 GMT

NMC Health picks Moelis for debt restructuring

The UAE health company NMC Health has selected Moelis & Co as an adviser for a debt restructuring, on the back of the investigation launched by Britain's FCA into NMC's finances, after the firm's shares were suspended on the LSE last week.

Mon, 02 Mar 2020 07:39:13 GMT

South Korea's Jeju Air takes over Eastar Jet

On Monday, South Korea's budget airline Jeju Air Co stated it was set to buy 51% stake in its rival Eastar Jet for $45.49M, at the lower price than was announced initially due to the coronavirus outbreak.

Mon, 02 Mar 2020 06:02:29 GMT

HNA Group's companies' share up

The value of shares of companies controlled by HNA Group increased on Monday as the conglomerate asked the Chinese government to help to negate liquidity risk related to coronavirus.

Mon, 02 Mar 2020 05:16:47 GMT

BOJ to stabilize markets

Haruhiko Kuroda, the Governor of the Bank of Japan, stated on Monday that the bank would take necessary steps to stabilize marks affected by the outbreak of coronavirus.

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