News

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Fri, 27 Dec 2019 10:33:03 GMT

Tesla secures $1.29B loan for Shanghai plant

The electric vehicle maker Tesla has signed agreements with the Chinese banks to secure the $1.29B term loan for its Shanghai factory, a regulatory filing showed on Thursday.

Fri, 27 Dec 2019 09:26:54 GMT

Founder of Uniqlo Yanai resigns as board member of SoftBank

On Friday, SoftBank Group Corp stated that Tadashi Yanai, CEO and founder of Uniqlo parent company Fast Retailing, will resign as SoftBank's independent member of the board to focus on his business.  

Fri, 27 Dec 2019 08:19:52 GMT

Israel Aerospace Industries views 2019 revenue of $4B

Israel Aerospace Industries is expecting its annual 2019 revenue to reach the total of about $4B, the company said on Thursday.

Fri, 27 Dec 2019 07:23:22 GMT

Boeing's 737 MAX crisis adviser to retire

On Thursday, Boeing Co announced that Michael Luttig, the senior adviser to the 737 MAX crisis, was set to retire by this year's end.

Fri, 27 Dec 2019 06:15:31 GMT

US jobless claims drop last week

The US initial claims for unemployment benefits fell 13K to seasonally adjusted 222K for the week ending December 21, according to the Labor Department's report seen on Thursday.

Fri, 27 Dec 2019 04:46:18 GMT

E-commerce sales hit record-high on holiday season

Mastercard's report revealed that US consumers have been spending mostly online during the holiday shopping season this year, making the e-commerce hit its record-high.

Fri, 27 Dec 2019 04:11:34 GMT

UPS sees returned packages to hit record-high

United Parcel Services is expecting the package returns to hit its record-high on the back of the holiday shipping season this year, as consumers shopped mostly online, the company stated on Thursday.

Fri, 27 Dec 2019 03:14:09 GMT

US warns Britain over Huawei role in 5G

Robert O'Brien, the US National Security Adviser, has warned Britain over allowing Huawei Technologies into the 5G telecommunications networks, as it might pose a risk to the country's secret intelligence services.

Thu, 26 Dec 2019 20:56:05 GMT

Singapore's manufacturing production falls 9.3%

Singapore's manufacturing output decreased 9.3% year-over-year in November, compared to a revised 3.6% rise this October.

Thu, 26 Dec 2019 19:53:52 GMT

Tiffany sees higher holiday sales

Tiffany & Co estimated sales to increase 1% to 3% over the holidays, with the largest contribution coming from a recovery in the US and China.

Thu, 26 Dec 2019 18:47:15 GMT

Alberta Investment, KKR to buy stake in Coastal GasLink

Private equity company KKR & Co and Alberta Investment Management are set to jointly buy a stake of 65% in TC Energy's Coastal GasLink in Canada.

Thu, 26 Dec 2019 17:45:43 GMT

UPS sees returned packages to hit record-high

United Parcel Services is expecting the package returns to hit its record-high on the back of the holiday shipping season this year, as consumers shopped mostly online, the company stated on Thursday.

Thu, 26 Dec 2019 16:43:41 GMT

US warns Britain over Huawei role in 5G

Robert O'Brien, the US National Security Adviser, has warned Britain over allowing Huawei Technologies into the 5G telecommunications networks, as it might pose a risk to the country's secret intelligence services.

Thu, 26 Dec 2019 16:30:49 GMT

EV start-up Rivian scores $1.3B investment

Rivian, the electric vehicle start-up, has closed a $1.3B round of investment led by the US asset management group T. Rowe Price, as well as Ford Motor and Amazon.com.

Thu, 26 Dec 2019 15:02:12 GMT

Indian initial public offerings decline to 4-year low

According to data from Refinitiv, funds raised by India's IPOs, fell to $2.8 billion in 2019, the lowest in four years.

Thu, 26 Dec 2019 14:03:18 GMT

China ready to sign phase 1 trade deal with US

On Thursday, Gao Feng, the Chinese Commerce Ministry spokesman, said that China is ready to sign the phase one trade deal with the United States.

Thu, 26 Dec 2019 12:56:11 GMT

Kuroda says BOJ ready to ease policy

On Thursday, Haruhiko Kuroda, the Governor of the Bank of Japan, said that the BOJ would relax policy if the 2% inflation goal was under threat.

Thu, 26 Dec 2019 12:00:43 GMT

Crude oil prices edge higher on Thursday

On Thursday, crude oil prices edged higher. The surge was attributed to a possible breakthrough in the US-China trade deal and OPEC-led efforts to cut supply.

Thu, 26 Dec 2019 11:00:39 GMT

Japan's authorities raided headquarters of pachinko operator

The headquarter of Pachinko, a gambling firm, was raided on Thursday by the Japanese authorities, as part of the investigation into casino bribery case against the ruling party lawmaker Tsukasa Akimoto.

Thu, 26 Dec 2019 09:56:10 GMT

Al-Saud says Khafji oil field expected to produce 320K bdp

On Wednesday, Prince Abdulaziz bin Salman Al-Saud, Saudi Arabia's Minister of Energy, said that Khafji oil field is expected to generate 320K oil barrels per day by the end of next year.

Thu, 26 Dec 2019 09:03:06 GMT

Russian government to use NWF to acquire stake in Sberbank

According to sources with knowledge of the plan, Russia's government is planning to use its National Wealth Fund to acquire the central bank's shares in Sberbank.

Thu, 26 Dec 2019 08:05:06 GMT

Iran's authorities restrict mobile internet access

According to Iran's news agency report, the Iranian security authorities have curbed mobile internet access before possible new protests.

Thu, 26 Dec 2019 06:57:03 GMT

Russia's Sberbank plans to continue partnership with Yandex

German Gref, Russia's Sberbank Chief Executive Officer, said on Tuesday that the company plans to remain in partnership with Yandex, despite transferring its "golden share" to another entity.

Thu, 26 Dec 2019 06:13:02 GMT

Chinese soybean imports from US increase

China's soybean purchases from the US surged to 2.56M tonnes from a year earlier, after it issued waivers to free importers from high tariffs for some cargoes.

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