News

Note: This section contains information in English only.
Tue, 19 Dec 2017 03:27:11 GMT

World Bank increases China growth forecast for 2017

The World Bank announced that it raised its growth forecast for the Chinese economic growth to 6.8% in 2017, as foreign trade and personal consumption supported growth.

Mon, 18 Dec 2017 21:08:56 GMT

Berkshire stock price hits $300,000

The stock price of Berkshire Hathaway Inc has reached $300,000 on Monday, underlying confidence of the investors in Warren Buffett's conglomerate despite lower operating profits.

Mon, 18 Dec 2017 21:03:15 GMT

Facebook, Google to accept China's online laws

According to China's regulator, Facebook and Google will be forced to accept Chinese online laws and tough censorship if the internet giants want to get access to 751M users.

Mon, 18 Dec 2017 20:26:16 GMT

Monte dei Paschi di Siena names new board, chairwoman

Italy's Monte dei Paschi di Siena, fourth-biggest bank, has selected a new board and a chairwoman to help controlling the course to recovery after the brink of collapse.

Mon, 18 Dec 2017 20:17:00 GMT

Global stocks jump amid upcoming tax vote

Global stock markets reached new highs during the New York session, as the US Republican lawmakers have moved closer to passing tax-cut legislation.

Mon, 18 Dec 2017 19:11:14 GMT

Pfizer's Board approves $10B stock repurchase programme

Pfizer reported on Monday that its Board of Directors approved a new $10B stock repurchase programme and a quarterly dividend increase.

Mon, 18 Dec 2017 19:10:10 GMT

Thales' shares surge amid bid for Gemalto

Shares of France's aerospace and defence group Thales surged more than 8% on Monday after the company agreed to buy Gemalto, a struggling digital company, for €4.8B.

Mon, 18 Dec 2017 18:10:18 GMT

Campbell to acquire Snyder's-Lance

Campbell reported on Monday that it would buy Snyder's-Lance, the fifth largest healthy snack maker in the US, for $4.87B.

Mon, 18 Dec 2017 18:09:11 GMT

Israel believes US will veto UN call for Trump Jerusalem decision

Israel said it believed that the US would veto the UN Security Council's call for the withdrawal of the US President Donald Trump's decision to recognise Jerusalem.

Mon, 18 Dec 2017 17:32:03 GMT

Trump to declare Russia, China as political rivals

Official sources reported on Monday that the US President Donald Trump would declare China and Russia political rivals, aiming to challenge the US.

Mon, 18 Dec 2017 16:52:26 GMT

US home-builder sentiment surged in December

The NAHB reported on Monday that its Housing Market Index rose to 74 in December, up from the prior month's downwardly revised figure of 69.

Mon, 18 Dec 2017 15:55:09 GMT

Foreign investment in Canadian securities improves markedly

Statistics Canada reported that foreign investment in Canadian securities totalled C$20.8B in October, up from the preceding month's C$16.7B.

Mon, 18 Dec 2017 15:54:19 GMT

UK CBI industrial order expectations hold steady

The Confederation of British Industry reported on Monday that its Industrial Order Expectations Index remained unchanged at 17 in December, whereas analysts anticipated a decrease to 14.

Mon, 18 Dec 2017 15:17:33 GMT

Nestle sells iced tea brands amid business restructuring

Nestle decided to sell its two iced tea brands in North America amid the world's largest food maker's intention to reshape the business and focus more on consumer health.

Mon, 18 Dec 2017 15:06:35 GMT

VW to install nearly 3K EV charging stations in US

Volkswagen's Electrify America unit is planning to install 2,800 e-vehicle charging stations in about 500 sites in the US 17 largest cities by June 2019.

Mon, 18 Dec 2017 14:31:36 GMT

EU launches inquiry into Ikea Dutch tax deals

The EU regulators are set to investigate whether Ikea's tax deals with the Netherlands helped lower its tax bill, in a crackdown on unfair tax arrangements between the EU states and multinationals.

Mon, 18 Dec 2017 14:20:28 GMT

Total System Services signs acquisition deal with Cayan

On Monday, Total System Services announced it had agreed to buy the payment technology firm Cayan in a cash deal worth of $1.05B that was expected to be closed in the 2018-first quarter.

Mon, 18 Dec 2017 12:56:03 GMT

Tencent set to invest in Vipshop

The Chinese internet giant Tencent on Monday announced that the company will invest $863 million in the apparel platform Vipshop.

Mon, 18 Dec 2017 12:44:08 GMT

Hershey will buy Skinny Pop

Hershey Company on Monday announced that the company is planning on acquiring the owners of the popcorn brand SkinnyPop Amplify Snack Brands for $1.6 billion.

Mon, 18 Dec 2017 11:55:13 GMT

China defends its trade

The Foreign Ministry of China on Monday defended the country's trade with the US as a win-win scenario. This came before Trump was about to lay out a new security strategy, which would brand China as a competitor.

Mon, 18 Dec 2017 11:55:00 GMT

EU renews bank watchdog mandate

The European Union agreed on Monday upon renewing mandate of Elke Koenig, who is the German head of EU's institution that disposes of failing banks.

Mon, 18 Dec 2017 11:03:51 GMT

StanChart and Ant Financial sign a partnership

The Alibaba financial affiliate Ant Financial and London based bank Standard Chartered have agreed to collaborate in countries that are set around the Chinese Belt & Road initiative.

Mon, 18 Dec 2017 11:03:19 GMT

Vonovia and Buwog make a deal

The largest residential property company of Germany Vonovia has made a deal to buy its Austrian counterpart Buwog. The deal is set to be worth 5.2 billion Euros.

Mon, 18 Dec 2017 10:10:46 GMT

Gemalto to phase out 288 jobs in France

Gemalto's CEO plans adhering to a plan to cut about 288 job positions in the French chip card business, after the chipmaker had been taken over by the aerospace and defence group Thales.

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