News

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Wed, 01 Jan 2020 15:08:01 GMT

Qinghai Salt Lake Potash fails to sell assets

On Wednesday, Qinghai Salt Lake Industry Group, China's biggest potash producer, failed to sell its assets on an e-commerce website, putting it at risk of delisting from the Shenzhen Stock Exchange.

Wed, 01 Jan 2020 13:54:51 GMT

Samsung halts chip production due to blackout

Samsung Electronics Co partly stopped some DRAM and NAND flash chip production at its Hwaseong complex in South Korea due to power failure, the company announced on Wednesday.

Wed, 01 Jan 2020 12:51:42 GMT

People's Bank of China cuts reserve ratios

The People's Bank of China announced on Wednesday that it would cut banks' reserve requirement ratio by 50 basis points.

Wed, 01 Jan 2020 12:05:26 GMT

Khamenei condemns US airstrikes in Iraq

On Wednesday, the Iranian Supreme Leader Ayatollah Ali Khamenei condemned the deadly US airstrikes that targeted an Iran-backed Iraqi militia in Iraq.

Wed, 01 Jan 2020 11:02:02 GMT

France's CGT calls for more strikes

On Wednesday, Philippe Martinez, the head of the French CGT union, called for more strikes to counter President Emmanuel Macron's pension reform.

Wed, 01 Jan 2020 10:02:48 GMT

Ghosn joins list of former executives fighting extradition

The ousted Nissan Motor CEO Carlos Ghosn, who escaped to Lebanon, joins the lists of other former or current corporate executives fighting extradition requests.

Wed, 01 Jan 2020 08:57:32 GMT

Trump to sign phase 1 of US-China trade deal on Jan 15

On Tuesday, the US President Donald Trump said that he would sign the Phase 1 trade agreement with China on January 15 at the White House.

Wed, 01 Jan 2020 08:00:32 GMT

Hudson's Bay plans to increase offer for retailer

According to the Bloomberg report on Tuesday, the Chairman of Hudson's Bay Co Richard Baker and his partners have considered the idea of increasing their bid for the retailer's minority stockholders.

Wed, 01 Jan 2020 07:02:06 GMT

Turkish Airlines and Boeing agree to compensation deal

On Tuesday, Turkish Airlines announced that it has agreed to a compensation package with Boeing Co over the 737 MAX jetliner.

Wed, 01 Jan 2020 05:50:29 GMT

Ghosn says he left Japan because of ‘injustice'

Carlos Ghosn, the ousted Nissan Motor Chairman, said on Tuesday that he escaped "injustice and political persecution" in Japan.

Wed, 01 Jan 2020 05:01:31 GMT

Bulgaria to end 2019 with fiscal deficit of 0.96% of GDP

Bulgaria is expected to close 2019 with a budget deficit of 0.96% of GDP, the country's Finance Ministry announced on Tuesday.

Wed, 01 Jan 2020 04:11:48 GMT

Fed appears to avert year-end funding squeeze

The US Federal Reserve seemed to have prevented the crucial year-end funding stress, as banks took only $25.60 billion in the Fed's overnight repurchase agreement or repo.

Wed, 01 Jan 2020 03:13:41 GMT

Global equity markets end 2019 near record highs

Global equities ended 2019 near record highs on Tuesday. MSCI's world index, fell by 0.5 points, while Wall Street's major indexes fell by 60.52 points.

Tue, 31 Dec 2019 20:47:01 GMT

GIC joins Tencent consortium

On Tuesday, the Singapore state investment fund GIC revealed that it is part of the Tencent led consortium buying a stake in Universal Music Group.

Tue, 31 Dec 2019 19:42:16 GMT

Qatar participates in Universal deal

On Tuesday, the Qatar Investment Authority stated that it would participate in the Tencent led purchase of Universal Music Group.

Tue, 31 Dec 2019 18:44:55 GMT

Tencent buys stake in Universal Music

A consortium led by Tencent announced on Tuesday that it would buy a ten percent stake in Universal Music Group.

Tue, 31 Dec 2019 17:46:52 GMT

Stock futures dip

On the last day of the year's trading, stock index futures declined in value, as a year-end sell off was taking place.

Tue, 31 Dec 2019 16:42:49 GMT

Turkey shelves tax hike

Turkish authorities announced on Tuesday that the government would not impellent a tax hike on tobacco and alcohol.

Tue, 31 Dec 2019 15:47:33 GMT

Asian shares decline

On Tuesday, Asian stock indices traded lower, as financial firms were locking in profits and losses for tax purposes.

Tue, 31 Dec 2019 14:42:58 GMT

Xi Jinping addresses Hong Kong

The President of China Xi Jinping announced on Tuesday that he sincerely hopes for the best for the people of Hong Kong.

Tue, 31 Dec 2019 13:42:32 GMT

Crude oil prices trade steady

On Tuesday, crude oil prices traded flat, despite being set for monthly and annual gains.

Tue, 31 Dec 2019 13:03:43 GMT

European stock indices decline

During Tuesday's European trading, stock indices declined, as a stock sell off occurs each December 31, because investors book losses to reduce annual taxes.

Tue, 31 Dec 2019 11:38:54 GMT

US Dollar eases

On New Year's Eve, the US Dollar declined in value, as the currency was set to book the smallest yearly returns since 2013.

Tue, 31 Dec 2019 10:42:56 GMT

Huawei's revenue to rise 18%

Huawei Technologies stated that its revenue is likely to 18% in 2019 to $121.72B, lower than estimated earlier, as the US trade blacklisting restrained growth.

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