News

Note: This section contains information in English only.
Thu, 06 Dec 2018 09:33:37 GMT

Blackstone prepares for IPO of US manager Alight

The PE firm Blackstone Group is preparing for an IPO of the US benefits manager Alight Solutions that could be worth over $7.0B, including debt.

Thu, 06 Dec 2018 08:39:20 GMT

Fonterra trims forecast milk payment, sees ice cream unit sale

Fonterra Co-Operative Group, New Zealand's dairy giant, has reduced its estimated milk payout to farmers, saying it is considering an ice cream business sale.

Thu, 06 Dec 2018 06:30:52 GMT

Japan relaxes conditions for cuts of solar power subsidy

The Japanese government announced the decision to ease the conditions for curbing solar power subsidy for projects, which have not started operations.

Thu, 06 Dec 2018 06:22:16 GMT

Saudis' private sector growth strongest in 11 months

The non-oil private sector of Saudi Arabia expanded at the fastest rate in 11 months in November, suggesting that the economy may be recovering from measures imposed at the beginning of 2018.

Thu, 06 Dec 2018 04:54:43 GMT

Uber plans launch more cautious, smaller self-driving car

Uber Technologies plotted the return of self-driving cars, though the company was taking a more conservative approach trying to recover from an accident that upended autonomous vehicle program.

Thu, 06 Dec 2018 04:51:58 GMT

China export growth slows in November

The Chinese export growth is anticipated to have slowed in November, as a weakening in global demand offset a rush to ship goods to the US ahead of an increase in tariffs.

Thu, 06 Dec 2018 04:27:34 GMT

Nissan detects more improper testing

Nissan Motor uncovered more cases of unacceptable vehicles' testing in Japan and was considering a recall of affected cars, the Nikkei reported.

Thu, 06 Dec 2018 04:24:10 GMT

AIG hit with $750M to $800M in Q4 losses

American International Group racked up an expected $750M to $800M in catastrophe losses over the fourth quarter of 2018, the company's CEO stated.

Thu, 06 Dec 2018 02:59:00 GMT

Volkswagen seeks $6.8B efficiency, cost gains by 2023

Volkswagen's core brand is set to seek efficiency and cost gains of nearly $6.8B in a bid to increase the brand's operating margin to 6% by 2023.

Wed, 05 Dec 2018 20:55:07 GMT

Scottish political parties oppose May's draft Brexit deal

On Wednesday, the Scottish Parliament voiced their anger and opposition to the UK Prime Minister Theresa May Brexit plan.

Wed, 05 Dec 2018 20:54:33 GMT

Serbia's Premier says Kosovo likely to provoke military intervention

On Wednesday, the Serbian Prime Minister Ana Brnabic said that Serbia could intervene if Kosovo creates a standing army.

Wed, 05 Dec 2018 20:01:14 GMT

WSJ: Wells Fargo to fire 36 district managers

On Wednesday, the Wall Street Journal reported that Wells Fargo would fire about 36 district managers over management failures, related to sales.

Wed, 05 Dec 2018 20:01:00 GMT

Oil prices surge ahead of OPEC meeting

On Wednesday, crude oil prices edged higher, as the world's largest oil exporters plan to meet to discuss cutting output.

Wed, 05 Dec 2018 19:14:33 GMT

France and Germany welcome Spain as full partner to air combat program

On Wednesday, France and Germany asked Spain to participate as a full-fledged partner in their program, which will develop the next generation air fighter system.

Wed, 05 Dec 2018 19:12:04 GMT

Trump takes aim at Macron over fuel tax protests in France

On Wednesday, the US President Donald Trump mocked the French President Emmanuel Macron on Twitter over the fuel tax protests in Paris.

Wed, 05 Dec 2018 17:51:29 GMT

Thyssenkrupp must make decision over steel JV leadership

Thysennkrupp must quickly decide on the leadership of the planned EU joint venture with the Indian steel producer Tata Steel, the labour leader stated on Wednesday.

Wed, 05 Dec 2018 17:51:18 GMT

Sberbank's Agrokor stake raises interest from potential buyers

Russia's Sberbank stated it had begun to receive takeover proposals from potential buyers for its stake in Croatia's food maker and retailer Agrokor, which was emerging from the debt crisis.

Wed, 05 Dec 2018 16:58:28 GMT

Germany's FMC takes stakes in China's hospitals

The German group Fresenius Medical Care has acquired some stakes in the Chinese dialysis clinics and kidney hospitals, seeking to expand its footprint in one of the world's largest markets for dialysis.

Wed, 05 Dec 2018 16:58:20 GMT

Petrobras plans attracting $26.9B with asset sales

Brazil's state-owned oil group Petroleo Brasileiro is planning to raise up to $26.9B with the help of partnership deals and asset sales by 2023, while bolstering its investments into production.

Wed, 05 Dec 2018 16:12:13 GMT

Qualcomm reveals new chip for 5G smartphones

The chip manufacturer Qualcomm has launched new generation processor chips designed to power the 5G smartphones in the US as soon as 2019.

Wed, 05 Dec 2018 16:07:23 GMT

Waymo launches autonomous taxi service in Arizona

On Wednesday, Alphabet's Waymo has released its self-driving taxi service in Arizona, charging their passengers at the price close to ride-hailing firms Lyft and Uber.

Wed, 05 Dec 2018 15:10:44 GMT

Finland's Supercell to form free software programming school

On Wednesday, the Finnish "Clash of Clans" game maker, Supercell, is set to establish a new software coding school, which would be tuition fee free, to cut the shortage of skilled coders.

Wed, 05 Dec 2018 15:02:12 GMT

USPS might be allowed to raise rates for packages

The President Donald Trump's panel is seeking to grant the US Postal Service rights to hike prices for packages, a move that might hurt Amazon and other online retailers' profits.

Wed, 05 Dec 2018 14:38:31 GMT

HPE posts better-than-expected quarterly results

Hewlett Packard Enterprise reported its quarterly revenue and profit had beat analysts' expectations, boosted by surging demand for the company's data and storage centre networking products.

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