News

Note: This section contains information in English only.
Thu, 19 Jul 2018 09:52:33 GMT

EBA: EU banking sector stronger in Q1, profitability still at risk

The European Banking Authority noted in its latest Risk Dashboard update that the EU banking sector had improved in Q1Y2018, but residual risks in profitability still remained.

Thu, 19 Jul 2018 09:30:44 GMT

Brazil's centre-left candidate seeks to undo Boeing-Embraer deal

On Tuesday, Ciro Gomes, the Brazilian centre-left candidate, stated he would cancel a joint venture worth $4.75B planned by Brazil's Embraer and US Boeing, in case he won this year's election.

Thu, 19 Jul 2018 08:38:24 GMT

China's iQiyi acquires game maker Skymoons for $300M

China's iQiyi has acquired the state-owned game developer Skymoons in their deal that could be worth about $298.59M, as it seeks to expand the offering after the US listing.

Thu, 19 Jul 2018 07:39:40 GMT

Asset funds fight to invest in Brazilian carrier Oi

Three investment companies sued to participate in a $1.0B capital raise of Brazil's telecom Oi SA, as part of the in-court restructuring.

Thu, 19 Jul 2018 07:36:38 GMT

Asahi Kasei to acquire US Sage Automotive in $1.06B deal

On Thursday, Japan's Asahi Kasei stated it would acquire the US car interior designer Sage Automotive Interiors in a deal valued at $1.06B, including debt.

Thu, 19 Jul 2018 06:39:44 GMT

Innogy reaches deal with E.ON, RWE over planned transaction

Innogy has agreed on two legally binding accords with RWE and E.ON for the fair integration process and backed the planned break-up, it stated on Thursday.

Thu, 19 Jul 2018 06:36:56 GMT

Saudi Aramco considers stake purchase in petrochemical firm SABIC

On Thursday, Saudi Aramco stated it was in talks to acquire a stake in SABIC, the Saudi petrochemical company, in a deal that could bolster its market valuation right ahead the planned IPO.

Wed, 18 Jul 2018 20:34:46 GMT

Alibaba to acquire minority stake in China's Focus Media

China's e-commerce titan Alibaba Group Holding stated on Wednesday that it had agreed to buy a minority stake in Focus Media IT to tap into digital marketing sector.

Wed, 18 Jul 2018 20:31:46 GMT

China Tower seeks raising $8.8B from Hong Kong IPO

China Tower, the mobile phone infrastructure firm, is seeking to attract up to around $8.8B from the Hong Kong initial public offering at the valuation of $35B, according to sources familiar with the matter.

Wed, 18 Jul 2018 19:00:40 GMT

Uber appoints new chief data protection officer and privacy chief

Uber Technologies Inc named Simon Hania as their new data protection officer and Ruby Zefo as new chief privacy officer the company spokesman stated on Wednesday.

Wed, 18 Jul 2018 19:00:26 GMT

Switzerland's Finance Minister Maurer says Swiss Franc overvalued

On Wednesday, Switzerland's Finance Minister Ueli Maurer stated that the EUR/CHF exchange rate is overvalued and said that the country and its companies could live with it.

Wed, 18 Jul 2018 18:16:19 GMT

Morgan Stanley's top CEO announces broker recruiting fights over

On Wednesday, Morgan Stanley's CEO James Gorman stated that a subtle peace has been reached in Wall Street's broker recruiting fights.

Wed, 18 Jul 2018 18:12:17 GMT

Gorman criticizes Federal Reserve's stress tests

Morgan Stanley's Chief Executive Officer James Gorman criticized the Federal Reserve's yearly stress tests of the biggest US lenders after the better than expected quarterly earnings.

Wed, 18 Jul 2018 17:16:09 GMT

Trump plans to seek separate trade arrangement with Mexico

On Wednesday, US President Donald Trump said that the United States may pursue a separate trade agreement with Mexico.

Wed, 18 Jul 2018 17:14:32 GMT

Heathrow Airport resumes operations after fire alert

On Wednesday, London's Heathrow Airport spokeswoman said that full operations have resumed following a brief evacuation of the control tower due to a fire alarm that was activated.

Wed, 18 Jul 2018 16:09:41 GMT

EZ inflation at 2.0% in June

Eurostat reported that annual inflation in the Euro zone increased to 2.0% in the month of June, confirming its flash estimate, while core inflation growth came in at 1.2% in the same period.

Wed, 18 Jul 2018 16:04:52 GMT

US housing starts at nine-month low in June

The Commerce Department stated that the US housing starts fell to the lowest level in nine months in June, while permits decreased for a third month in succession, lagging the country's economic growth.

Wed, 18 Jul 2018 15:30:04 GMT

EU investment plan exceeded target €315B

A plan to help finance projects across Europe and revive economic expansion exceeded its original funding target of €315B, countering a decline in spending since the financial crisis, the European Commission stated.

Wed, 18 Jul 2018 15:20:17 GMT

Britain's inflation grows 2.4% in June

Inflation in the United Kingdom grew at a weaker than expected pace of 2.4% in June, missing expectations for a rise of 2.6%, the Office for National Statistics stated.

Wed, 18 Jul 2018 13:51:47 GMT

Japan, Russia to meet on July 31 in Moscow

Russian and Japanese Defence and Foreign Ministers are set to hold a two-plus-two negotiations scheduled for July 31 in Moscow, according to the RIA news outlet's report on Wednesday.

Wed, 18 Jul 2018 13:51:22 GMT

Google plans to appeal EU penalty

Alphabet's Google stated on Wednesday it would appeal against the $5.04B fine imposed by the European antitrust regulators for illegal restrictions on the Android smartphone producers and network operators.

Wed, 18 Jul 2018 13:37:45 GMT

Hungary set to quit UN migration accord before final approval

On Wednesday, Hungary stated it was set to quit the UN migration accord before the final approval, calling the pact a "great threat to the world".

Wed, 18 Jul 2018 12:27:43 GMT

California's Stellar receives Islamic finance certification

California's cryptocurrency company Stellar received a finance certification from the Islamic scholars for the related cryptocurrency and blockchain platform, as it seeks to integrate the tech into the sharia-compliant finance products field.

Wed, 18 Jul 2018 12:23:22 GMT

MLB, Amazon add new machine-learned stats to their cloud deal

Amazon.com is set to provide new real-time graphics and statistics on the live baseball games this season, expanding their cloud computing accord with the US Major League Baseball.

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