News

Note: This section contains information in English only.
Mon, 23 Dec 2019 18:08:34 GMT

DraftKings plans $3.3B IPO in 2020

DraftKings, the fantasy sports and gambling firm, is set to go public in 2020 in a deal that could value the company at $3.3B, it announced on Monday.

Mon, 23 Dec 2019 17:14:59 GMT

EV start-up Rivian closes $1.3B investment from T.Rowe Price

On Monday, the electric car start-up Rivian announced it had closed a $1.3B investment round that was led by T. Rowe Price, the fund manager, as well as existing investors Amazon.com and the US carmaker Ford Motor.

Mon, 23 Dec 2019 16:06:36 GMT

Pichai gets biggest ever stock award from Alphabet

Alphabet's newly instated CEO Sundar Pichai is set to receive a $240M in stock awards within the following three years, the largest ever pledged to any Alphabet's executive.

Mon, 23 Dec 2019 14:03:51 GMT

Italy wants Huawei to keep its 5G role

Huawei, the Chinese telecoms giant, should be allowed to participate in the future of 5G network in Italy, the country's industry minister stated after the parliamentary committee urged Rome to ban the company.

Mon, 23 Dec 2019 13:08:28 GMT

JD.Com's unit taps lenders for potential IPO

JD.com's logistics unit has entered early talks with banks over its potential overseas initial public offering that could attract $8B to $10B, according to Reuters.

Mon, 23 Dec 2019 11:43:56 GMT

SoftBank's talks on WeWork financing stall

SoftBank Group's talks on securing $3B from Japan's three largest banks stalled due to the lenders hitting internal lending limits, complicating a $9.5B rescue package for the workspace sharing provider WeWork.

Mon, 23 Dec 2019 11:31:54 GMT

Colombia calls on Uber to halt ride-hailing service

Colombia ordered Uber to halt its ride-hailing service in the country, effective immediately, due to competition rules violation ruled by a judge.

Mon, 23 Dec 2019 10:39:40 GMT

Tesla to take new $1.4B loan for Shanghai factory

Tesla, the US electric vehicle maker and a couple of Chinese banks agreed a new $1.4B five-year loan for the carmaker's Shanghai vehicle factory, part of which should be used for rolling over the existing loan.

Mon, 23 Dec 2019 09:12:00 GMT

Toshiba to prolong deadline for its NuFlare tender offer

On Monday, Toshiba Corp announced it would extend its deadline for the tender offer the company made for NuFlare Technology, the chip equipment unit, until January 16, 2020.

Mon, 23 Dec 2019 07:50:45 GMT

Roche agrees $1.15B licensing deal for Sarepta's gene therapy

Roche has entered a $1.1B licensing deal with Sarepta Therapeutics to obtain the right for launching and commercialisation Sarepta's investigational gene therapy deemed for the Duchenne muscular dystrophy outside the US.

Mon, 23 Dec 2019 07:39:41 GMT

BlackRock, Temasek and CCB to set up wealth management JV

Singapore's investor Temasek Holdings, the US asset manager BlackRock and China Construction Bank are set to form their wealth management JV based in China, according to Reuters.

Mon, 23 Dec 2019 04:11:31 GMT

Unizo receives takeover bid from Lone Star

Unizo Holdings, the Japanese hotel chain, said on Sunday that it has received a takeover offer from US buyout fund Lone Star.

Mon, 23 Dec 2019 03:05:57 GMT

President Trump invites Johnson to WH

According to the British media report on Sunday, the UK Prime Minister Boris Johnson has been invited to the White House by the US President Donald Trump.

Sun, 22 Dec 2019 20:42:42 GMT

Boeing lands faulty spacecraft

On Sunday, Boeing Company's Starliner spacecraft was landed in New Mexico, as a software issue forced officials into cancelling a unmanned mission.

Sun, 22 Dec 2019 19:48:54 GMT

Turkey comments on Libya

On Sunday, the Defence Minister of Turkey Hulusi Akar stated at an event that Turkey would stand by the recognized government of Libya until peace is reached in the country.

Sun, 22 Dec 2019 18:40:40 GMT

Macron gives up pension

Amidst protests against the ongoing French pension system reform, the President of France Emmanuel Macron announced that in the future he would forego one of his special pension payouts.

Sun, 22 Dec 2019 18:21:14 GMT

Italian 5-Star Movement comments on central banks

On Sunday, the Italian 5-Star Movement announced that Italian politicians should have more impact on the appointment of the Governor of Bank of Italy.

Sun, 22 Dec 2019 16:40:29 GMT

Brooge Petroleum gets listed on Nasdaq

On Monday, the stock of United Arab Emirates based Brooge Petroleum and Gas Investment Company is set to start trading on Nasdaq stock exchange.

Sun, 22 Dec 2019 15:44:21 GMT

Credit Suisse CEO is cleared from charges

On Sunday, the SonntagsZeitung reported that the CEO of Credit Suisse Tidjane Thiam is expected to be cleared from charges in the second probe of the bank's staff surveillance.

Sun, 22 Dec 2019 14:59:36 GMT

Protests continue in India

On Sunday, as the Prime Minister of India Narendra Modi hosted his Hindu party's rally, across the country protests continued over the new citizenship law.

Sun, 22 Dec 2019 13:40:27 GMT

Tesco suspends Chinese supplier

On Sunday, Tesco announced that it is suspending a supplier of Christmas cards due to a press report that the cards were produced by forced prison labour.

Sun, 22 Dec 2019 12:40:07 GMT

China might increase AI regulation

On Sunday, Reuters published a think tank report, which stated that the Chinese government could increase artificial intelligence regulations.

Sun, 22 Dec 2019 11:40:01 GMT

Trump invites Boris Johnson

The Sunday Times revealed on Sunday that the President of the United States Donald Trump has invited the Prime Minister of the United Kingdom Boris Johnson to the White House next year.

Sun, 22 Dec 2019 10:44:00 GMT

Indonesia bans European liquor

As the trade dispute between Indonesia and Europe increases, on Sunday, Indonesia banned European liquor imports.

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