News

Note: This section contains information in English only.
Sun, 29 Dec 2019 09:23:40 GMT

China reports record number of daily start-ups

According to the Chinese authorities, 20K new enterprises were established every day, thus making up 21.79M companies in total in 2019.

Sun, 29 Dec 2019 07:44:57 GMT

CDB to provide $14.29B to small firms

The China Development Bank (CDB) stated on Saturday that is has issued loans worth $14.29B to small enterprises this year.

Sun, 29 Dec 2019 07:29:42 GMT

China to adjust interest rate benchmark

The People's Bank of China announced on Saturday that it would adjust interest rate benchmark for outstanding loans based on LPR next year.

Sun, 29 Dec 2019 06:13:48 GMT

Serbia to spend €14B to boost growth

Serbia announced plans to spend nearly €14B in five years to 2025 to enhance living standards and bring infrastructure closer to the EU standards.

Sun, 29 Dec 2019 05:19:39 GMT

Sinochem Energy gets $1.65B investment

China's Sinochem Energy, a Sinochem Group's unit, agreed to sell a stake of 20% to five state-owned companies for $1.65B.

Sun, 29 Dec 2019 04:36:29 GMT

Mastercard buys RiskRecon

Mastercard announced that it reached an agreement to acquire RiskRecon, the provider of AI and data analytics tools.

Sun, 29 Dec 2019 00:10:30 GMT

Tesla to start China-made Model 3 deliveries

The US electric car maker Tesla is expected to start to deliver Model 3 cars built at Shanghai factory on December 30.

Sat, 28 Dec 2019 21:20:56 GMT

US wants customs deal with Mexico

The US Ambassador to Mexico Christopher Landau stated on Saturday that the White House was willing to conclude a deal that would help to combat flow of drugs, arms and money across the border.

Sat, 28 Dec 2019 20:04:29 GMT

Saudi Arabia concludes deal with Raytheon

The Saudi government on Saturday signed a deal with the US arms producer Raytheon to localize maintenance of the Patriot defense system.

Sat, 28 Dec 2019 19:16:17 GMT

Italy's Conte names two new ministers

Lucia Azzolina and Gaetano Manfredi were appointed on Saturday as the new Minister for Schools and Minister for Universities and Research of Italy.

Sat, 28 Dec 2019 18:28:54 GMT

Totvs to acquire Consinco for nearly $50M

The subsidiary of Brazilian software firm Totvs SA has agreed on Saturday to acquire tech company Consinco SA for almost $50M.

Sat, 28 Dec 2019 06:13:46 GMT

HDC buys Asiana Airlines

Hyundai Development Company announced that its consortium closed $2.16B acquisition of controlling stake in Asiana Airlines.

Sat, 28 Dec 2019 04:42:03 GMT

Volkswagen ahead of EV production target

Volkswagen stated that it is likely to reach the main target in the electric vehicles production earlier than previously estimated.

Sat, 28 Dec 2019 04:41:36 GMT

Toyota fined over Lexus price-fixing

The Chinese market regulator fined Toyota Motor nearly $12.5M for price-fixing over premium Lexus vehicles in Jiangsu province.

Sat, 28 Dec 2019 00:57:53 GMT

Spotify to pause political ads next year

Spotify Technology SA announced that it would stop political advertising on the company's music streaming platform early next year.

Fri, 27 Dec 2019 20:50:10 GMT

Turkey unveils first fully domestically-produced car

On Friday, the Turkish President Tayyip Erdogan unveiled Turkey's first fully-homemade automobile, a sport utility vehicle (SUV) and a sedan.

Fri, 27 Dec 2019 19:58:09 GMT

Wall Street hovers at record highs

On Friday, Wall Street's main indexes lingered near record highs, as investors and traders await new information on the initial Sino-US trade deal.

Fri, 27 Dec 2019 19:00:03 GMT

Oil prices retreat from three-month highs

On Friday, crude oil prices edged lower from a three-month high after the Russian Energy Minister Alexander Novak downplay oil supply cuts.

Fri, 27 Dec 2019 17:42:16 GMT

Brazil's Petrobras Distribuidora to sell stake in CDGN Logística

Petrobras Distribuidora SA, the Brazilian fuel distributor, announced it agreed on the 49% stake sale in CDGN Logística in a deal with Pacífico Administração de Recursos worth around $6.25M.

Fri, 27 Dec 2019 16:42:48 GMT

Deutsche Telekom agrees on T-Systems restructuring

Deutsche Telekom and its works council have agreed on restructuring of its struggling T-Systems IT services arm, according to the German newspaper Handelsblatt's report on Friday.

Fri, 27 Dec 2019 15:41:30 GMT

UK regulator starts probe into Amazon's Deliveroo deal

The British competition regulator has launched an in-depth inquiry into Amazon.com Inc's stake acquisition in Deliveroo, the online food delivery firm, as the companies had failed to assuage initial concerns.

Fri, 27 Dec 2019 14:46:39 GMT

EU may need deadline extension for UK trade talks

The European Union is considering a possible deadline extension for talks over a trade relationship with the United Kingdom, Ursula von der Leyen, the EU Commission President, stated on Friday.

Fri, 27 Dec 2019 14:25:58 GMT

Colombia names Galindo as CB's board member

On Friday, the President Ivan Duque has named Arturo Galindo as the Colombian central bank's new board member, succeeding Jose Antonio Ocampo, following his resignation last week.

Fri, 27 Dec 2019 12:43:23 GMT

Astellas buys US biotech Xyphos for $665M

Astellas Pharma Inc acquired the US biotech firm Xyphos Biosciences amid its immuno-oncology business expansion, in a deal valued at about $665M.

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