News

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Wed, 28 Aug 2019 11:41:18 GMT

Grab plans $500M investment in Vietnam in five years

On Wednesday, the ride-hailing company Grab announced it would make an investment worth $500M in Vietnam during the next five years, seeking for a wider services expansion in the country.

Wed, 28 Aug 2019 10:45:31 GMT

Toyota, Suzuki to establish capital tie-up

Suzuki Motor Corp and Toyota Motor Corp are set to establish a capital alliance, as the Japanese carmakers seek to speed up the technological development, as well as meet the sweeping changes that upend the global vehicle industry.

Wed, 28 Aug 2019 09:43:04 GMT

Boris Johnson limits Parliament

On Wednesday, the value of the GBP plummeted, as it was revealed that the Prime Minister of the United Kingdom Boris Johnson intends to shut down the Parliament from mid-September to the middle of October.

Wed, 28 Aug 2019 08:26:32 GMT

Philip Morris and Altria consider merger deal

Philip Morris International has entered talks with Altria Group over a potential merger deal, as the tobacco titans seek to pool their resources in the fast-growing e-cigarette market.

Wed, 28 Aug 2019 07:35:42 GMT

JPMorgan explores $1.0B sale of AARP credit-card portfolio

JPMorgan Chase & Co i8s considering a sale of its AARP credit-card portfolio in a potential deal worth about $1.0B, with Alliance Data Systems to be among those parties interested in the portfolio, according to Bloomberg.

Wed, 28 Aug 2019 06:31:51 GMT

Polish ruling party gains 41.5% support ahead of vote

Poland's Law and Justice, the ruling nationalist party, has gained the highest support of 41.5%, ahead of the parliamentary elections planned in October, poll showed on Wednesday.

Wed, 28 Aug 2019 05:06:44 GMT

Crude oil prices surge on Wednesday

Crude oil prices edged higher on Wednesday, as data showed a bigger-than-expected decline in the US stockpiles. Brent crude futures were up $59.88 per barrel by 02:42 GMT.

Wed, 28 Aug 2019 04:00:37 GMT

US prosecutors indict former high-ranking Google engineer

Anthony Levandowski, an engineer in self-driving car technology, was criminally charged on Tuesday by the US prosecutors for alleging stealing trade secrets from his former employer Google.

Wed, 28 Aug 2019 03:09:52 GMT

UK's opposition parties unite to force Johnson to delay Brexit

UK's opposition parties have agreed to pass a law to force the government to delay the United Kingdom departing the European Union without a deal on October 31.

Wed, 28 Aug 2019 01:48:01 GMT

Italy's Democratic Party and 5-Star Movement resume talks

Talks between the Italian centre-left Democratic Party and the 5-Star Movement appeared to be back on track on Tuesday, as the US President Donald Trump hoped that Giuseppe Conte would remain as PM.

Tue, 27 Aug 2019 20:28:29 GMT

Germany's economy to contract on weaker exports

The German Federal Statistics Office reported a preliminary GDP contraction of 0.1% quarter-over-quarter from April to June due to weaker exports, following a 0.4% rise in the first three months of 2019.

Tue, 27 Aug 2019 19:24:16 GMT

BP quits Alaska with $5.6B sale

The UK oil major BP stated that it agreed to sell the company's Alaskan operations for $5.6B to privately held natural gas and oil explorer Hilcorp Alaska within its divestment plans.

Tue, 27 Aug 2019 17:55:20 GMT

NBH holds rates unchanged

The National Bank of Hungary announced its decision to left interest rates unchanged at 0.9%, in line with expectations, due to slowing inflation, worsening economic outlook in the Euro zone and global monetary easing.

Tue, 27 Aug 2019 16:58:39 GMT

US house prices up in June

The US house prices increased solidly 4.8% year-on-year in June, though the pace of appreciation was slowing, which together with falling mortgage rates could lead to the struggling proprerty market, the FHFA stated.

Tue, 27 Aug 2019 16:25:46 GMT

US consumer confidence declines last month

The US consumer confidence fell a bit to 135.1 in August from 135.8 in the prior month, as optimism over the present situation grew to the highest since 2000, offsetting weakening economic conditions, the Conference Board stated.

Tue, 27 Aug 2019 15:22:56 GMT

Philip Morris in negotiations on reunion with Altria

Philip Morris International and Altria Group were in talks for the all-stock merger, potentially reuniting the companies after many years in a deal set to dominating the e-cigarette market. Altria's shares grew more than 8% in early trade, while Philip Morris dropped 6%.

Tue, 27 Aug 2019 13:12:50 GMT

Italian news boost stock prices

On Tuesday, European stock indices surged, as it was announced that Italy might avoid snap election and a government could be created.

Tue, 27 Aug 2019 12:07:11 GMT

UK to make Huawei decision over 5G by autumn

Britain is set to make its final decision on Huawei Technologies' role in the country's 5G networks by the autumn, Nicky Morgan, the Digital Minister stated to BBC Radio on Tuesday.

Tue, 27 Aug 2019 11:02:15 GMT

GlobalFoundries files lawsuit against TSMC

Contract chipmaker GlobalFoundries has filed a lawsuit against the Apple supplier and its larger rival TSMC over patent infringement, seeking to impose a ban on the US and Germany product imports, which are allegedly made with infringed technologies.

Tue, 27 Aug 2019 09:59:50 GMT

Johnson & Johnson stock surges

On Monday, the stock price for Johnson & Johnson surged, as the company was fined only $572.1 million for causing an opioid epidemic instead of expected $17 billion.

Tue, 27 Aug 2019 09:34:22 GMT

KKR becomes Axel Springer's largest shareholder

KKR has become the largest shareholder of Axel Springer, the German media group, paying $3.2B for its 43.54% stake 43.54% stake, the US private equity company announced on Monday.

Tue, 27 Aug 2019 08:33:54 GMT

Corbyn pledges to stop no-deal Brexit

Jeremy Corbyn, the British opposition Labour Party's leader, claimed he would do everything necessary to prevent a no-deal Brexit, adding he was ready for a meeting with other lawmakers to negotiate tactics on blocking the government's plans.

Tue, 27 Aug 2019 07:19:43 GMT

Sale of Petrobras refineries lures trading giants

Brazil's privatisation deal of eight Petroleo Brasileiro refineries lured some of the world's biggest trading and oil giants as prospective bidders, including PetroChina and Saudi Aramco, sources reported on Tuesday.

Tue, 27 Aug 2019 06:36:52 GMT

French oil major Total ties up with Qatar Petroleum

French oil giant Total announced on Tuesday it had inked deals to transfer its Kenya, Guyana and Namibia assets to Qatar Petroleum.

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