News

Note: This section contains information in English only.
Wed, 25 Jul 2018 11:39:59 GMT

Court advisor calls for ruling against EU's veto of TNT-UPS merger

On Wednesday, an advisor to the European court recommended the judges to rule against the EU veto of the UPS-TNT merger deal.

Wed, 25 Jul 2018 11:36:30 GMT

Tages to acquire stake in private equity firm VAM

Tages Group, the alternative asset manager, announced on Wednesday it would acquire a 34% stake in the private equity firm VAM Investments with a possibility to buy the entire group within three years.

Wed, 25 Jul 2018 09:54:55 GMT

Ford Motor creates $4B unit to house autonomous car operations

On Tuesday, Ford Motor announced it was establishing a separate $4B worth unit to house the self-driving car operations, in a similar to its rival General Motors's move made late in May.

Wed, 25 Jul 2018 09:51:28 GMT

China's Baidu and Daimler to deepen automated driving partnership

Germany's Daimler stated it is eager to deepen its alliance with the Chinese firm Baidu on the vehicle connectivity services and automated driving platform Apollo, established last year.

Wed, 25 Jul 2018 09:03:56 GMT

BoE's Woods estimates 5k financial jobs to leave UK after Brexit

The Deputy Governor of the Bank of England Sam Woods said less than 5k financial jobs are expected to leave the United Kingdom by the first day of Brexit.

Wed, 25 Jul 2018 08:57:32 GMT

German business climate declines in June

The Ifo Institute for Economic Research reported on Wednesday that its German Business Climate Index fell slightly to 101.7 in June, compared to 101.8 during the preceding month.

Wed, 25 Jul 2018 08:38:56 GMT

EU hits four consumer electronics firms with $130M fine

On Tuesday, the EU antitrust regulator has fined the consumer electronics firms Philips, Pioneer, D&M and Asus a total $130M for imposing minimum or fixed online prices for the products.

Wed, 25 Jul 2018 07:32:09 GMT

JD.com receives approval for 30% in Allianz China

The Chinese e-commerce giant JD.com has received a regulatory approval for a 30% stake in the global insurance titan Allianz China's unit, becoming the leading investor in a new fundraising round.

Wed, 25 Jul 2018 07:24:56 GMT

China's Tsinghua Unigroup to acquire France's Linxens

The Chinese top state chipmaker Tsinghua Unigroup clinched a deal to buy France's smart chip component manufacturer Linxens worth about $2.6B, sources reported on Wednesday.

Wed, 25 Jul 2018 06:38:22 GMT

Partners Group close to acquiring data analytics company IRI

The investment company Partners Group Holding is getting closer to acquire the data analytics firm Information Resources Inc from New Mountain Capital in a deal worth over $2.0B.

Wed, 25 Jul 2018 06:35:11 GMT

Russia's Sibur getting ready for IPO

Russia's petrochemical firm Sibur is getting ready for its initial public offering potentially valued at $2.0B to $3.0B that may take place by this year's end.

Wed, 25 Jul 2018 04:58:38 GMT

IMF expects Philippines' GDP to expand by 6.7% until 2019

The International Monetary Fund reported that the Philippines is expected to maintain the economic growth of 6.7% until 2019, boosted by solid investment and consumption.

Wed, 25 Jul 2018 04:57:42 GMT

LG reduces investment by $2.7B amid market uncertainty

The South Korean electronics company LG Display Co plans to reduce its investment plans by $2.7B during the following two years due to uncertainty in the smartphone market.

Wed, 25 Jul 2018 04:14:17 GMT

Trump calls FCC decision on Sinclair-Tribune acquisition ‘disgraceful'

The US President Donald Trump has called ‘disgraceful' the decision of the Federal Communications Commission not to approve Sinclair Broadcast Group's acquisition of Tribune Media.

Wed, 25 Jul 2018 04:12:53 GMT

Oil gains on tighter supply

Oil prices continued to increase gains for the second consecutive session on Wednesday in response to lower-than-expected US crude inventories.

Wed, 25 Jul 2018 03:16:40 GMT

Harley-Davidson reports better-than-expected profit

Harley-Davidson's shares rallied after it forecast a lower-than-anticipated hit to profit margins from the US President Donald Trump's trade tariffs and the company's quarterly earnings topped estimates of Wall Street.

Wed, 25 Jul 2018 03:10:26 GMT

Germany's utility E.ON to announce 500 British job cuts

German utility E.ON is likely to announce about 500 position losses next week in the company's UK business, as the energy giant attempts to cut costs ahead of a price cap imposed by the British government.

Tue, 24 Jul 2018 19:29:26 GMT

Trump says US ready to make deal on Iran's nuclear program

US President Donald Trump said on Tuesday that the United States is open on the prospect of negotiating a deal to denuclearize Iran.

Tue, 24 Jul 2018 19:29:09 GMT

House Speaker Ryan: President's Putin won't address US Congress

House of Speaker Paul Ryan stated on Tuesday that Russian President Vladimir Putin will not be invited to address Congress if he confirms President's Donald Trump invitation to visit United States.

Tue, 24 Jul 2018 18:11:27 GMT

Oil prices increases as trade tension and oversupply abate

Oil prices rose by 1% on Tuesday as traders focus on the prospect of increased Chinese demand, shifting attention away from trade war between China and the United States.

Tue, 24 Jul 2018 18:11:09 GMT

Fifteen senator's defects from Nigeria ruling party

Defection hit Nigeria ruling party on Tuesday, as fifteen senators defected from Nigerian President Muhammadu Buhari's ruling All Progressives Congress party to opposition party.

Tue, 24 Jul 2018 17:08:51 GMT

President's Trump believes Russian will work hard to sway November election

On Tuesday, US President Donald Trump said he thinks that Moscow will try to sway November 2018 mid-term elections towards Democrats and not his fellow Republicans.

Tue, 24 Jul 2018 17:08:36 GMT

President's Xi promises $14.7 billion worth of investment in South Africa

On Tuesday, Chinese President Xi Jinping pledged $14.7 billion worth of investment during his state visit to South Africa as President's Cyril Ramaphosa seek to revive his country economic growth.

Tue, 24 Jul 2018 16:35:58 GMT

Rostec finalises YotaDevices stake sale to China's consortium

On Tuesday, Russia's state conglomerate Rostec has finalised its sale of a 25.1% stake in the Russian smartphone maker YotaDevices to the Chinese consortium Trinity World Management.

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