News

Note: This section contains information in English only.
Thu, 23 Jul 2020 05:10:58 GMT

ConocoPhillips buys Canada's land from Kelt

The US oil major ConocoPhillips agreed to buy land from Kelt Exploration in Canadian Montney formation within a $375M deal.

Thu, 23 Jul 2020 04:29:52 GMT

NOS net profit drops 61%

Portugal's telecoms company NOS reported that net profit slumped 61% to €35M in the first half due to losses from cinemas, subscription and roaming services.

Thu, 23 Jul 2020 03:29:21 GMT

Spotify signs new deal with Vivendi's UMG

Spotify Technology signed a multi-year licensing contract with Universal Music Group, the label backing such artists as Coldplay and Taylor Swift.

Wed, 22 Jul 2020 20:42:04 GMT

Swiss Re expects $1.1B first half loss

Reinsurance firm Swiss Re announced its expectations that claims and reserves of $2.5B related to COVID-19 to lead to nearly $1.1B net loss in the first half.

Wed, 22 Jul 2020 19:52:59 GMT

Canada's inflation rate jumps markedly

Canada's yearly inflation rate posted its biggest rise for more than nine years, climbing to 0.7% in June from a 0.4% drop in May, as energy prices increased.

Wed, 22 Jul 2020 19:20:51 GMT

WhatsApp to help banks in India

Facebook's WhatsApp is set to cooperate with more lenders in India to expand banking services for lower-income individuals and in rural areas.

Wed, 22 Jul 2020 18:34:12 GMT

Armani to integrate stores with online networks

Giorgio Armani signed a deal with Yoox Net-a-Porter to better integrate its e-commerce site with physical stores' network, the two companies stated.

Wed, 22 Jul 2020 17:01:32 GMT

Shanghai foreign trade expands

Shanghai's foreign trade expanded 2.4% in the second quarter of 2020, compared to the same period in 2019, a statement published by the Shanghai Customs Office shows.

Wed, 22 Jul 2020 16:33:48 GMT

Indonesia tourism revenue declines in May

The Indonesian tourism sector contracted sharply by 97% to $31M in May, compared to the same period the prior year, amid the coronavirus pandemic, official data show.

Wed, 22 Jul 2020 15:23:26 GMT

Shanghai reports foreign investment growth

Foreign investors invested $10.28B in the first six months of 2020, an increase of 5.4%, compared to the same period the previous year, the Shanghai Municipal Commission of Commerce reports.

Wed, 22 Jul 2020 13:41:08 GMT

RBS picks top climate change expert Stern

Royal Bank of Scotland hired Nicholas Stern, the climate change expert, to help it shape the sustainability strategy as RBS is getting ready for rebranding to NatWest Group.

Wed, 22 Jul 2020 12:25:22 GMT

Texas Instruments views robust quarter on boosting demand

Texas Instruments is expecting its Q3 revenue results above estimates on a rising global demand for its chips, used in PCs, tablets and servers, as the coronavirus lockdowns prompted people to work from their homes.

Wed, 22 Jul 2020 11:39:06 GMT

Fiat, Iveco offices searched amid emissions probe

On Wednesday, the German prosecutors state they had launched searches of the Fiat, Jeep, Iveco and Alfa Romeo offices amid an international fraud inquiry into illegal emissions software that had been found in the carmakers' vehicle engines.

Wed, 22 Jul 2020 09:43:32 GMT

South Korea ends repo operations

On Wednesday, the Bank of Korea announced that it would ends its unlimited repo operations by the end of July.

Wed, 22 Jul 2020 08:59:42 GMT

Nvidia plans to build AI supercomputer

Nvidia Corp has partnered with the University of Florida to develop the fastest artificial intelligence-based supercomputer with higher education as part of the $70B worth project, the chipmaker reported.

Wed, 22 Jul 2020 07:47:54 GMT

Snap's user growth misses Wall Street forecast

Snap missed its user growth estimates by reporting it rose 17% to 238M in the Q2, while analysts had expected 238.44 new users, with the company's shares falling 6% on the news.

Wed, 22 Jul 2020 06:33:53 GMT

Waymo, FCA expand self-driving car partnership

Fiat Chrysler Automobiles and Waymo, the autonomous car company, are expanding their self-driving vehicle partnership to a commercial vehicles for moving goods, both firms stated on Wednesday.

Wed, 22 Jul 2020 04:57:34 GMT

Wirecard appoints Alix Partners

According to people with knowledge of the matter, Germany's payment firm Wirecard has appointed Alix Partners to carry out a forensic investigation on the missing $2.17 billion.

Wed, 22 Jul 2020 04:02:41 GMT

US lawmakers push towards COVID-19 stimulus bill

On Tuesday, the US Congressional Democrats, Republicans and the White House moved into a day of talks to reach an agreement on a new COVID-19 stimulus package.

Wed, 22 Jul 2020 02:58:44 GMT

Spotify rolls out video feature for podcasts

Spotify Technology has launched a video podcasts, with a feature that allows users to switch to audio-only mode, the company announced on Tuesday.

Wed, 22 Jul 2020 01:45:40 GMT

US indicts two Chinese nationals for hacking

According to a court document, the US Department of Justice has indicted two Chinese citizens, Li Xiaoyu and Dong Jiazhi, for hacking coronavirus researchers and defence contractors.

Tue, 21 Jul 2020 20:50:45 GMT

Wirecard launches forensic investigation

The German financial services provider Wirecard AG hired AlixPartners, a US consulting firm, to conduct a forensic investigation aimed at finding the employees involved in the disappearance of $2.17B.  

Tue, 21 Jul 2020 19:04:46 GMT

Nvidia teams up with University of Florida

The US Nvidia Corporation joined forces with the University of Florida to construct an AI supercomputer, $70M invested in the project.

Tue, 21 Jul 2020 17:46:55 GMT

Wells Fargo names replacement for CFO Shrewsberry

On Tuesday, Wells Fargo & Co has named Mike Santomassimo as a new Chief Financial Officer to replace John Shrewsberry after his retirement in the 2020 fall.

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