News

Note: This section contains information in English only.
Wed, 05 Dec 2018 14:32:47 GMT

Trade Me receives second buyout offer worth $1.8B

New Zealand's Trade Me Group announced it had received another buyout offer worth $1.8B from the US private equity company, exceeding the rival bid, the online marketplace stated on Wednesday.

Wed, 05 Dec 2018 13:39:04 GMT

Vision Fund to form new China investment team

SoftBank's Vision Fund is planning to hire new investment team and settle it in China, amid company's expansion in the most vibrant technology market in the world.

Wed, 05 Dec 2018 11:50:52 GMT

Alibaba to launch e-commerce trade hub in Belgium

On Wednesday, Alibaba Group Holding stated it had signed a deal with Brussels to roll out the e-commerce trade hub that would include investments into the country's logistics infrastructure.

Wed, 05 Dec 2018 11:50:19 GMT

South Korea to tie up with Hyundai over low-cost carmaking JV

Hyundai Motor and South Korea's government are seeking to finalise a deal planned for this week on the low-cost car manufacturing joint venture, in spite of a stiff labour union opposition amid fears of wage cuts and job losses.

Wed, 05 Dec 2018 10:58:33 GMT

Italian Prime Minister comments on budget

The Prime Minister of Italy on Wednesday announced that he is ready to amend some of the measures included in the Italian 2019 fiscal budget.

Wed, 05 Dec 2018 10:57:59 GMT

Oil prices decline prior to OPEC meeting

On Wednesday, before the scheduled OPEC meeting on Thursday oil prices declined. Financial media quoted various reasons for the decline, which had no real basis. Meanwhile, it could be clearly observed that the market is retracing after the recent surge.

Wed, 05 Dec 2018 10:38:45 GMT

Bayer seeks raising over $18B in 2022 adjusted core earnings

Germany's drugmaker Bayer stated it was aiming to raise its adjusted core earnings to €16.0B in 2022, compared to the expected €12.2B this year.

Wed, 05 Dec 2018 10:34:38 GMT

Foxconn considers setting up iPhone plant in Vietnam

The main contract supplier to Apple, Foxconn, is considering to set up an iPhone plant in Vietnam to soften possible impact from the US-China trade dispute.

Wed, 05 Dec 2018 09:30:59 GMT

FuboTV expands into Spain by launching streaming service

The New York-based sports-focus internet television platform FuboTV has launched its streaming services in Spain this week, in its first expansion outside North America.

Wed, 05 Dec 2018 09:22:08 GMT

Uber picks ex-US safety official for autonomous effort

Uber Technologies has hired the former senior US car safety official Nat Beuse for the company's self-driving vehicle commercialisation efforts.

Wed, 05 Dec 2018 08:36:00 GMT

Samsung, Verizon to roll out 5G smartphones in US next year

Samsung Electronics and Verizon Communications confirmed their plans to launch 5G smartphones in the United States in the next year's first half, aiming to crack the rival Apple.

Wed, 05 Dec 2018 08:31:40 GMT

Chinas's Didi launches restructuring plan to improve safety

On Wednesday, the Chinese ride-hailing firm Didi Chuxing announced about its reorganisation plan aimed at enhancing the efficiency and safety its platform.

Wed, 05 Dec 2018 07:15:46 GMT

Germany's DEA to acquire Mexican firm Sierra Oil & Gas

DEA Deutsche Erdoel has clinched a deal to acquire Mexico's independent firm Sierra Oil and Gas, as the German energy company seeks to boost its presence in the Mexican oil market ahead of its planned merger with Wintershall next year.

Wed, 05 Dec 2018 07:10:39 GMT

BAIC shares drop on report Daimler seeks raising JV stake

On Wednesday, shares in BAIC Motor plunged as much as 13.5% on a report that Germany's Daimler might raise its stake in the joint venture with China's automaker.

Wed, 05 Dec 2018 05:59:47 GMT

Takeda grants approval for $59B Shire takeover

Takeda Pharmaceutical shareholders have granted their approval on Wednesday for a $59B acquisition of the London-listed Shire, becoming one of the top ten drugmakers in the world, but also one of the most indebted.

Wed, 05 Dec 2018 05:54:59 GMT

Gymboree considers options for its brands, including sale

On Wednesday, Gymboree Group, the kid's clothing retailer, announced it was exploring potential options of its brands, such as Janie and Jack, Crazy 8 and Gymboree, including some store closure and companies' sale.

Wed, 05 Dec 2018 05:39:59 GMT

Unipec to resume US oil shipments to China

Unipec, the Chinese oil trader, is planning to revive the US crude oil shipments the the Asian mainland by March 2019, after the US and China leader Donald Trump and Xi Jinping had agreed on the trade truce.

Wed, 05 Dec 2018 05:35:30 GMT

BT to eliminate Huawei equipment from its 4G network

Britain's BT Group announced it would eliminate Huawei Technologies' equipment from the company's core 4G network during the next two years, citing security concerns, according to the Financial Times.

Wed, 05 Dec 2018 04:12:57 GMT

Japan's services PMI still near six-month high

Growth in the Japanese services sector eased slightly last month, tough remained near the highest level in six months, bolstering views that the economy was recovering from a soft patch.

Wed, 05 Dec 2018 03:00:27 GMT

Volkswagen to use Ford's plants in US to build cars

Volkswagen's CEO stated after the meeting at the White House that Germany's automaker was building a partnership with Ford Motor and might use the automaker's plants in the US to build cars.

Wed, 05 Dec 2018 02:49:06 GMT

China services sector grows in November

China's services sector expanded at the quickest pace in five-month period in November, owing to a jump in new orders, though the outlook for businesses over 2019 worsened for the third month in succession.

Wed, 05 Dec 2018 02:41:23 GMT

Australian economic growth slows in Q3

The Australian economy expanded less that expected revealing GDP growth of 2.8% in the third quarter, missing expectations for a 3.3% increase, as consumers faced tepid wage growth.

Tue, 04 Dec 2018 21:01:28 GMT

Rouhani threatens to disrupt other countries oil exports through the Gulf

On Tuesday, the Iranian President Hassan Rouhani said that if Iran is unable to export oil through the Gulf, no other countries can.

Tue, 04 Dec 2018 21:01:07 GMT

US urges EU to consider sanction on Iran over missile test

On Tuesday, the US Special Representative for Iran Brain Hook urged the European Union to consider sanctions on Iran over its missile test.

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