News

Note: This section contains information in English only.
Tue, 17 Sep 2019 07:32:26 GMT

China keeps interest rate unchanged

The central bank of china announced on Tuesday that it is keeping its one-year money market rate unchanged.

Tue, 17 Sep 2019 06:13:24 GMT

No currency provisions in US-Japan deal

On Tuesday, the Finance Minister of Japan Taro Aso stated that there would be no currency provisions included in the US-Japan bilateral trade deal.

Tue, 17 Sep 2019 04:41:42 GMT

LG Display seeks job cuts

On Tuesday, South Korean LG Display announced that in an effort to decrease financial losses the company would enact a employee redundancy program.

Tue, 17 Sep 2019 04:26:01 GMT

Trump issues trade announcement

On Monday, the President of the United States Donald Trump announced that the US has made a trade agreement with Japan.

Tue, 17 Sep 2019 02:52:14 GMT

Airbus sees no impact from likely US tariffs

Possible US tariffs on Airbus aircraft and EU parts are unlikely to impact on the planemaker's results this year, though disruption cannot be ruled out, the company's Chief Executive stated.

Tue, 17 Sep 2019 02:10:08 GMT

Marvell Technology to pay $5.5M to settle charges

The US SEC stated that Marvell Technology is expected to pay $5.5M to settle charges the firm misled investors while orchestrating its scheme to pull in sales scheduled for following quarters to the current quarter.

Mon, 16 Sep 2019 19:55:00 GMT

H&M to try selling external brands

Sweden's H&M announced on Monday that the company's budget fashion chain H&M accounting for the bulk of sales is likely to try selling external products and brands.

Mon, 16 Sep 2019 18:51:37 GMT

Ford, VW in talks on second EV in Europe

Ford is likely to build more than one electric car's model based on electric vehicle platform of Volkswagen, Ford's Europe Chief said.

Mon, 16 Sep 2019 18:29:58 GMT

Canada's home sales up 1.4%

Homes sales in Canada grew 1.4% month-on-month in August, the sixth month of increased activity in succession, the country's Real Estate Association stated.

Mon, 16 Sep 2019 16:42:00 GMT

European Commission comments on Brexit

Despite a meeting between the head of the EU Jean-Claude Juncker and the PM of UK Boris Johnson, the European Commission announced on Monday that no solution has been proposed to the Irish backstop.

Mon, 16 Sep 2019 15:40:55 GMT

Germany proposes EU budget limit

German officials announced on Monday that they intend to propose to set the EU budget at one percent of the continental economy.

Mon, 16 Sep 2019 14:41:45 GMT

Oil prices ease

On Monday, crude oil prices declined after a 19% jump, as US President Donald Trump announced that emergency supplies would make up shortfalls.

Mon, 16 Sep 2019 14:37:57 GMT

France's Canal+ partners with Netflix

On Monday, Vivendi's Canal+ announced it had agreed to add Netflix-owned shows to its French and others television bundles, seeking to retain subscribers, adding the Netflix hit-show "Stranger Things" would be available in France from October 15.

Mon, 16 Sep 2019 13:38:14 GMT

Vivint Smart Home plans merger with SoftBank's unit

Vivint Smart Home, the Blackstone-backed home automation firm, agreed on Monday to a merger deal with the SoftBank Corp's unit to establish a company with a $5.6B enterprise value.

Mon, 16 Sep 2019 12:07:31 GMT

Senvion plans asset sale to Siemens Gamesa

On Monday, Germany's insolvent wind turbine producer Senvion announced it had agreed to conduct exclusive negotiations with Siemens Gamesa about the sale of its business substantial part.

Mon, 16 Sep 2019 11:07:31 GMT

Germany seeks to limit next EU budget for 2021-27

Germany, the European Union's biggest economy, is seeking to limit the next 2021-27 budget of the EU bloc at 1% of its economic output, which is below the 1.11% offered by the European Commission.

Mon, 16 Sep 2019 09:49:29 GMT

Oil surges on Houthi attack

On Monday, crude oil price benchmarks surged the most since 1991, as a Yemeni attack on Saudi Arabia shut down five percent of the global oil output.

Mon, 16 Sep 2019 07:53:24 GMT

Osram advises shareholders to accept AMS $4.8B offer

On Monday, Germany's lighting group Osram advised investors to accept the $4.8B takeover offer made by AMS and launch their shares sale to Austria's sensor specialist, claiming the bid was economically attractive.

Mon, 16 Sep 2019 07:16:31 GMT

British employers trim growth forecasts amid global slowdown

On Monday, the British Commerce Chambers trimmed the economic growth forecasts for the current and the following years, blaming Brexit deal, US-China trade war and a global slowdown in the economy.

Mon, 16 Sep 2019 06:31:57 GMT

Purdue Pharma files for Chapter 11 protection

Purdue Pharma, the maker of OxyContin, filed for the Chapter 11 bankruptcy protection late on Sunday, reaching a tentative deal to resolve its lawsuits with 24 states and five US territories, the company said.

Mon, 16 Sep 2019 04:43:19 GMT

Virgin Australia to buy back rest of its frequent flyer programme

On Monday, Virgin Australia Holdings announced it had entered the contract to buy back its 35% in the frequent flyer programme, called Velocity, from the private-equity firm Affinity Equity Partners in a deal worth A$700M.

Mon, 16 Sep 2019 04:36:13 GMT

Blackstone funds tp acquire Dream Global REIT

On Monday, Dream Global REIT announced it would be acquired by the Blackstone Group funds in a deal that valued the Canadian firm at C$6.2B.

Mon, 16 Sep 2019 03:31:33 GMT

Israeli current account jumps makedly in Q2

Current account surplus of Israel jumped to $4.21B in the 2019 second quarter, up 106% year-over-year, the report on balance of payments showed.

Sun, 15 Sep 2019 20:00:36 GMT

Iran-US trade declines

Trade between the US and Iran declined 70% in the first seven months of 2019, compared to the same period the prior year, the Iranian Financial Tribune reports.

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