News

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Thu, 12 Apr 2018 08:38:27 GMT

Apple Music names new executive, hits 48M subscribers

On Wednesday, Apple Music announced it has appointed Oliver Schusser as its Vice President and hit 48M subscribers, where 40M were paying users and only 8M were on its free trial.

Thu, 12 Apr 2018 08:33:03 GMT

Avast plans tech listing on London Stock Exchange

On Thursday, cyber security software company Avast announced it would apply for listing its shares on the London Stock Exchange as soon as in May 2018 that could value the firm at about $4B.

Thu, 12 Apr 2018 07:36:00 GMT

Warburg Pincus considers investment into Ant's funding round

The US private equity company Warburg Pincus is discussing a potential investment into a fundraising round for the Chinese firm Ant Financial Services, which is seen to be worth $8B or more.

Thu, 12 Apr 2018 07:33:13 GMT

Instagram users to be allowed to download their content

A spokesman for Instagram stated on Wednesday that the photo-sharing platform was set to make it possible for the users to download their copies of the content they had uploaded to the service.

Thu, 12 Apr 2018 04:34:54 GMT

IMF Chief reveals optimism on growth, warns against trade war

Christine Lagarde, the Managing Director of the International Monetary Fund, was optimistic over the global growth prospects, but warned against protectionism measures in trade.

Thu, 12 Apr 2018 04:30:40 GMT

PBoC Goveernor: Q1 economic data slightly better than anticipated

Yi Gang, the Governor of the People's Bank of China, stated that the country's economic data for the first quarter has been slightly better than anticipated.

Thu, 12 Apr 2018 03:23:44 GMT

World Bank rises South Asia growth forecast for 2018

The World Bank raised growth projections for East Asia for the current year, but suggested the region may tighten monetary policy to avoid short-term risks.

Thu, 12 Apr 2018 03:22:33 GMT

BoK keeps rates unchanged on subdued inflation growth

The Bank of Korea kept interest rates steady, in line with expectations, as inflation growth was muted, while exports revealed slight improvement.

Thu, 12 Apr 2018 02:29:04 GMT

Australian home loans fall less than expected in February

The ABS reported that home loans dropped 0.2% in February, after plunging 1.0% in the prior month, whereas analysts anticipated a decline of 0.3%.

Thu, 12 Apr 2018 02:26:50 GMT

Australian inflation expectations post 3.6% climb

The Melbourne Institute reported that its Inflation Expectations Index rose 3.6% in March, following the preceding month's rise of 3.7%.

Wed, 11 Apr 2018 20:32:21 GMT

Tesla to start Model Y production in November 2019

Tesla announced its intention to begin the production of Model Y by November 2019, with manufacturing in China to start two years later.

Wed, 11 Apr 2018 20:31:57 GMT

US government reports $209B deficit in March

The US government posted a budget deficit of $209B in March, as outlays rose, while receipts dropped, the country's Treasury Department stated.

Wed, 11 Apr 2018 19:31:42 GMT

Rosneft focuses on diminishing debt in talks with investors

Rosneft was attempting to persuade investors that the company is able to shrink the debt burden, aiming to shut the valuation difference with some rivals.

Wed, 11 Apr 2018 19:30:49 GMT

WeWork acquires Naked Hub for $400M

WeWork bought China's co-working start-up Naked Hub for $400M within the company's intention to expand the business in the one of the world's biggest country.

Wed, 11 Apr 2018 18:27:48 GMT

VW to provide workers management seat to unlock reforms

Volkswagen is set to provide workers a seat in the management board, trying to ensure agreement for the company's reform under its new chief executive.

Wed, 11 Apr 2018 18:27:23 GMT

Aramco seeks India deals to double refining production

Saudi Arabia's oil company Aramco was seeking to increase the number of crude refining partners in India, the fastest-expanding oil market, in a bid to double gasoline and other fuels' output.

Wed, 11 Apr 2018 17:33:04 GMT

Uber still believes in autonomous vehicles' future

Dara Khosrowshahi, the CEO of Uber, stated that the ride-hailing firm still believed in the future of autonomous vehicles, after the company's car was engaged in a crash last month.

Wed, 11 Apr 2018 17:30:21 GMT

Draghi sees little effects of trade tariffs

The ECB President Mario Draghi stated that he expects the effect on the EZ economy of trade tariffs by China and the US to be small, but added that it could hurt investors' confidence.

Wed, 11 Apr 2018 16:36:39 GMT

Putin to meet South Korea's leader in June

Vladimir Putin, the President of Russia, announced plans to hold negotiations with South Korea's President Moon Jae-in in June in Russia.

Wed, 11 Apr 2018 16:36:14 GMT

Bayer plans selling digital farming business to win Monsanto deal

German company Bayer planned to sell digital farming firm to BASF within the changes to concessions the company has offered to win over antitrust regulators for Monsanto takeover.

Wed, 11 Apr 2018 15:32:11 GMT

Britain's factory production weakens for first time in year

The UK manufacturing production dropped unexpectedly in February, the first monthly drop in almost one-year period, suggesting some slowdown in the economy in the Q1.

Wed, 11 Apr 2018 15:31:47 GMT

US consumer prices reveal first fall in ten months

The US consumer price inflation posted the first decline in the ten-month period id March, affected by falling gasoline prices.

Wed, 11 Apr 2018 14:34:28 GMT

LG Chem, Zhejiang Huayou Cobalt tie-up to build JVs

The South Korean company LG Chem agreed to establish two joint ventures together with China's Zhejiang Huayou Cobalt to secure battery materials, including cobalt, seeking to meet surging demand for e-vehicles.

Wed, 11 Apr 2018 14:26:58 GMT

China's investor group buys stake in Australian firm Nature's Care

China's investor consortium, which includes Tamar Alliance and JIC, is buying a majority stake in Australia's vitamin firm Nature's Care, valuing the company at about $619.92M.

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