News

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Mon, 26 Aug 2019 10:40:02 GMT

US, China seek to ease trade war, find resolution

China and the United States are seeking to ease their tensions, with Beijing calling on the US President Donald Trump for calm, following imposed tariffs imposed by both countries that hit markets.

Mon, 26 Aug 2019 09:39:50 GMT

Third Point establishes stake in EssilorLuxottica

The US hedge fund Third Point LLC is building a stake in the Ray-Ban maker EssilorLuxottica due to a power struggle inside the world's biggest lenses and glasses producer, sources reported on Monday.

Mon, 26 Aug 2019 08:24:55 GMT

About 100 firms move to Netherlands amid Brexit

About 100 companies have moved to the Netherlands from Britain or established new offices there to stay within the EU bloc amid Brexit, a Dutch agency reported on Monday.

Mon, 26 Aug 2019 07:36:15 GMT

Yuan drops to 11-year low amid US-Sino trade war re-escalation

China's yuan plunged to its 11-year low of 7.1500 per US Dollar on Monday amid sharp re-escalation of the trade war between the United States and China, spooking investors and darkening the the global economic forecast.

Mon, 26 Aug 2019 06:45:14 GMT

Credit Suisse reshapes Swiss unit to attract new clients

Credit Suisse is set to revamp its Swiss division by investment within nearly three years to create a new business area of Direct Banking for commercial and retail clients, Switzerland's second-largest bank stated on Monday.

Mon, 26 Aug 2019 06:22:44 GMT

JAB Holdings plans to attract up to $8.0B for more deals

The EU conglomerate JAB Holdings is planning to raise up to $8.0B from investors, seeking to further its consumer section acquisition deals, including expansion of the company's footprint in veterinary and pet care clinics, according to a report made by the Financial Times on Monday.

Mon, 26 Aug 2019 04:48:05 GMT

China's Megvii files for $500M HK IPO

China's Megvii Technology Ltd, the Alibaba-backed artificial intelligence provider, has filed for a Hong Kong initial public offering worth at least $500M, coming at the time when the city faces political unrest and probably its first recession in the last ten years.

Mon, 26 Aug 2019 04:39:35 GMT

RRJ Capital considers investing $4B in HNA's Ingram Micro

RRJ Capital has entered talks with the Chinese giant HNA Group to invest a $4.0B in Ingram Micro Inc, the US electronics distributor.

Mon, 26 Aug 2019 03:24:32 GMT

Disney to open 25 shops inside Target

Walt Disney and Target announced their collaboration that the company is set open 25 Disney shops inside selected locations of Target nationwide on October 4, with future plans for 40 more sites by October 2020.

Sun, 25 Aug 2019 20:00:27 GMT

Trump, Johnson discuss Huawei

The US President Donald Trump and the British Prime Minister Boris Johnson discussed 5G technology and Huawei on the sidelines of a G7 summit in France.

Sun, 25 Aug 2019 19:23:41 GMT

UK plans not to pay £39B under no deal Brexit

UK will only pay £9B instead of a previously agreed £39B in case of a no deal Brexit, the British Prime Minister Boris Johnson says.

Sun, 25 Aug 2019 18:16:13 GMT

Venezuela oil import to China falls

Import of crude oil from Venezuela to China declined 62% in July from June as buyers avoid purchasing oil from the South American exporter amid US sanctions, Chinese customs data show.

Sun, 25 Aug 2019 16:49:52 GMT

Italy 2020 deficit below target

Italy's budget deficit for the next year will be below the 2.1% of GDP target, the outgoing Economy Minister Giovanni Tria says.

Sun, 25 Aug 2019 16:00:56 GMT

German Scope assigns BBB- to Cyprus

The German located credit rating agency Scope has assigned a BBB- rating to Cyprus, a report published by the agency shows.

Sun, 25 Aug 2019 15:01:05 GMT

Taiwan industrial output rises

The industrial production in Taiwan increased to 112.57 in July, a 3.03% increase from the prior year, the island's economic authorities report.

Sun, 25 Aug 2019 14:17:23 GMT

Macao retail sales decline

Macao retail sales declined 0.8% to $2.21B in the second quarter of the current year, compared to the previous year, the region's statistic department reports.

Sun, 25 Aug 2019 13:02:55 GMT

Egypt exports to G7 reaches $3.8B in H1

The Egyptian exports to G7 countries rose to $3.8B in the first six months of 2019 from $3.5B the same period the previous year, the official statistics agency reports.

Sun, 25 Aug 2019 11:48:44 GMT

China's crude oil imports from Venezuela plunges 62% in July

On Sunday, the Chinese customs data report showed that arrivals of crude oil from Venezuela declined by 62% in July.

Sun, 25 Aug 2019 10:55:01 GMT

Trump shrugs off disputes at G7 summit

On Sunday, the US President Donald Trump said that all is well at the G7 summit in the Atlantic coastal resort of Biarritz, denying reports of disputes among the leaders of the G7 nations.

Sun, 25 Aug 2019 09:59:21 GMT

China to retaliate against US tariff move

According to the Communist Party's People's Daily report, China will retaliate against the US decision to levy additional tariffs on $550 billion worth of Chinese goods

Sun, 25 Aug 2019 09:02:57 GMT

Squabbles erupted among G7 nations

Disputes erupted among the leaders of the group of seven nations on Saturday, presenting sharp differences on Brexit, global trade tensions and the raging fires in the Amazon rainforest.

Sun, 25 Aug 2019 08:06:31 GMT

Johnson to tell EU's chief UK won't pay £39b under no Brexit deal

According to the Sky News report, Boris Johnson, the British Prime Minister, is expected to tell the European Council President Donald Tusk that Britain won't pay the £39b under a no-deal Brexit.

Sun, 25 Aug 2019 07:16:04 GMT

Trump wants trade deal with UK

The US President Donald Trump told his British counterpart Boris Johnson on Saturday that both countries would conclude a solid trade deal and that Brexit was a right decision.

Sun, 25 Aug 2019 06:18:35 GMT

McDonnell wants to prevent Brexit

According to the Sunday Times newspaper, John McDonnell, the Labour Party's Chancellor of the Exchequer, stated privately that the party must act to prevent Brexit.

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