News

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Fri, 07 Dec 2018 14:29:55 GMT

VW capable to build up to 15M EVs on MEB platform

On Friday, Volkswagen stated it could build up to 15M electric vehicles on its new MEB car platform unveiling the scope of its push to mass manufacture "green" cars.

Fri, 07 Dec 2018 14:17:58 GMT

US reports November payrolls lower-than-expected

The US job growth slipped in November, while the monthly payrolls rose less than anticipated, suggesting moderation in the economic activity, which could back estimates of fewer increases in interest rate.

Fri, 07 Dec 2018 13:19:55 GMT

Costa Rica's watchdog opposes Walmex acquisition deal

Costa Rica's competition watchdog decided to block the deal by Wal-Mart de Mexico to acquire 52 local supermarkets to expand the firm's store number to over 300 in Central America.

Fri, 07 Dec 2018 13:03:00 GMT

Tesla picks Washington's trial lawyer as General Counsel

Tesla has hired the Washington's D.C. trial lawyer, Dane Butswinkas, as the carmaker's new General Counsel, to help the company settle a lawsuit with the Exchange Commission and the US Securities.

Fri, 07 Dec 2018 12:37:51 GMT

ByteDance to attract $1.45B to invest in AI & media content

China's ByteDance Technology is set to raise around $1.45B to invest into the media and artificial intelligence content, according to The Information website's report.

Fri, 07 Dec 2018 11:21:20 GMT

OPEC doesn't make a deal

It was announced on Friday by the Saudi Arabian Energy Minister that most likely an OPEC deal won't be closed on Friday, as exemptions for sanctioned Iran still need to be negotiated.

Fri, 07 Dec 2018 11:20:36 GMT

Huawei CFO will stand before Canadian court

On Friday, it was announced by Canadian authorities that the recently detained CFO of Huawei will stand before court in a court in Vancouver.

Fri, 07 Dec 2018 10:39:27 GMT

India's KTKM shares rise on investment report

Shares in the Indian Kotak Mahindra Bank surged to its almost nine-year record high of 14% on Friday on a report of a likely investment by Berkshire Hathaway.

Fri, 07 Dec 2018 10:34:45 GMT

Moderna plans to attract $604M in IPO

The biotech company Moderna announced it was set to raise about $604.3M in stocks in its upcoming initial public offering, braving the SE market frights to sell more shares than originally planned.

Fri, 07 Dec 2018 09:21:36 GMT

India's HCL to acquire IBM software assets

India's software services company HCL Technologies has signed a deal to acquire International Business Machines' software assets worth $1.80B to boost its competitiveness against larger rivals.

Fri, 07 Dec 2018 09:21:21 GMT

Fosun Tourism attracts $428M in HK listing

On Friday, the Chinese Fosun Tourism Group reported it had attracted $428M in its Hong Kong's initial public offering, pricing the company's shares at the lowest of the indicated range.

Fri, 07 Dec 2018 07:59:40 GMT

South Korea plans to buy dozens of US missiles for Aegis jets

South Korea is planning to acquire dozens of the US missiles for its Aegis destroyers, in a deal valued at $300M, as it seeks to bolster defence against North Korea, despite Seoul's intentions to cut tension with Pyongyang.

Fri, 07 Dec 2018 07:54:41 GMT

China's WuXi AppTec attracts $1.0B in HK IPO

WuXi AppTec, China's medical tech platform, has attracted $1.01B in its initial public offering in Hong Kong, pricing its shares at $8.71, which is the middle of the set price range, bringing the company's value to $10.2B.

Fri, 07 Dec 2018 07:39:27 GMT

Baring Private Equity plans $904M investment in Japan's Pioneer

Baring Private Equity Asia, the Japanese buyout firm, is planning to invest $904M into the audio systems producer Pioneer with intention to restore the firm's financial health, Pioneer announced on Friday.

Fri, 07 Dec 2018 07:35:56 GMT

Walmart buys Art.com amid online offering expansion

On Thursday, Walmart announced it had acquired the retailer Art.com, not disclosing the financial details of the deal, as the company sought to expand its online offerings and bolster home decor business.

Fri, 07 Dec 2018 06:20:55 GMT

Kuroda backs BoJ ETF purchases

The Bank of Japan Governor Haruhiko Kuroda stated on Friday that the Bank's decision to start buying exchange-traded funds (ETF) was rational and all talks about ending of purchases are premature.

Fri, 07 Dec 2018 06:13:48 GMT

Chinese media call for bigger budget deficit

The China Securities Journal wrote on Friday that the government must adopt larger budget deficit next year in order to maintain growth of the economy.

Fri, 07 Dec 2018 05:25:14 GMT

Japan to indict ex-Nissan Chair on Monday

According to the Nikkei Business Daily, Japanese prosecutors will indict Carlos Ghosn, the ex-Nissan Motor Co Ltd Chair, next Monday for financial misconduct.

Fri, 07 Dec 2018 05:19:06 GMT

WH to nominate Nauert as ambassador to UN

According to White House officials, Donald Trump is planning to nominate Heather Nauert, the US State Department Spokeswoman, as the new US Ambassador to the United Nations (UN).

Fri, 07 Dec 2018 04:34:31 GMT

Japan to ban ZTE, Huawei from government purchases

Japan is set to ban government equipment purchases from China's ZTE and Huawei Technologies to beef up the defences against cyber attacks and intelligence leaks.

Fri, 07 Dec 2018 04:31:20 GMT

FCA to add Jeep assembly factory in Detroit

Fiat Chrysler Automobiles announced plans to construct Jeep Grand Cherokee SUVs in the company's Detroit plant by 2020, four sources familiar with the matter stated.

Fri, 07 Dec 2018 03:39:53 GMT

Japan's household spending falls in October

The Japanese household spending fell in October, while real wages dropped for a third month in succession, adding to concerns over the strength of the country's economy.

Fri, 07 Dec 2018 03:37:40 GMT

Mexican auto production, exports dip last month

Mexico's automobile exports and output fell slightly in the months of November compared with the same period last year.

Thu, 06 Dec 2018 21:06:13 GMT

US Senate backs Kraninger candidacy

On Thursday, the US Senate backed the US President Donald Trump's nominee Kathleen Laura Kraninger to chair the Consumer Financial Protection Bureau.

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