News

Note: This section contains information in English only.
Mon, 09 Dec 2019 10:35:06 GMT

HSBC appoints new management amid reshuffle

HSBC appointed Greg Guyett and Georges Elhedery as co-directors of the global markets and banking division, which includes the lender's struggling investment banking business, on the back of reshuffle under the interim CEO Noel Quinn.

Mon, 09 Dec 2019 09:17:19 GMT

Lufthansa plans catering unit LSG sale

Lufthansa is set to launch a partial sale of its catering division LSG in the beginning of 2020 as part of its new strategy, as the company seeks to focus on the airline business.

Mon, 09 Dec 2019 07:47:51 GMT

China still hopes for trade deal with US

China still has hopes for a trade agreement with the United States to be reached as early as possible, before the new US tariffs on China's imports enter into force at this week-end.

Mon, 09 Dec 2019 07:38:06 GMT

France's Sanofi to acquire Synthorx in $2.5B deal

On Monday, France's Sanofi has agreed to acquire Synthorx in an all-cash deal worth about $2.5B, as the company seeks to boost its immuno-oncology pipeline.

Mon, 09 Dec 2019 06:30:41 GMT

Japan's service sector sentiment index surges to 39.4

According to a survey made by the Japan's Cabinet Office, the Service Sector Sentiment Index in November has increased from 36.7 to 39.4.

Mon, 09 Dec 2019 05:22:56 GMT

Japan corrects Q3 growth rate

According to the Cabinet Office data, the economy of Japan in Q3 has increased by 1.8% instead of preliminary reported 0.2%.

Mon, 09 Dec 2019 04:02:36 GMT

France prepares to challenge Trump's tariff threat on WTO

France's Finance Minister Bruno Le Maire said on Sunday that France is ready to challenge the US President Donald Trump's tariff threat on the international court, notably the World Trade Organization.

Mon, 09 Dec 2019 03:02:06 GMT

Tesco to review Malaysia and Thai business for potential sale

On Sunday, UK's biggest supermarket Tesco announced that it had begun the review of its businesses in Malaysia and Thailand for a possible sale.

Sun, 08 Dec 2019 20:41:15 GMT

China's economic growth to fall below 6% in next five years

Liu Shijin, a policy adviser to the Chinese Central Bank, said that the economic growth of China would fall below 6% from 2020 to 2025.

Sun, 08 Dec 2019 19:54:47 GMT

ECB's Holzmann hopes to see end of negative rates

Robert Holzmann, the European Central Bank policymaker, said that he hopes to see the return of positive interest rates by the time his tenure ends.

Sun, 08 Dec 2019 18:54:57 GMT

China's iron ore imports decline in November

Data from the Chinese General Administration of Customs showed on Sunday that China imported about 90.65 million tonnes of iron ore in November, down by 2.4% from the previous month.

Sun, 08 Dec 2019 17:57:21 GMT

Philippe vows to complete pension reform

On Sunday, Edouard Philippe, the French Prime Minister, said that he is determined to take the pension reform to its completion.

Sun, 08 Dec 2019 16:58:21 GMT

China's crude oil imports hit record high

According to data, released by the General Administration of Customs, on Sunday showed that China imported about 45.74 million tonnes of crude oil in November.

Sun, 08 Dec 2019 15:54:37 GMT

France prepares to challenge Trump's tariff threat on WTO

France's Finance Minister Bruno Le Maire said on Sunday that France is ready to challenge the US President Donald Trump's tariff threat on the international court, notably the World Trade Organization.

Sun, 08 Dec 2019 14:54:27 GMT

Tesco to review Malaysia and Thai business for potential sale

On Sunday, UK's biggest supermarket Tesco announced that it had begun the review of its businesses in Malaysia and Thailand for a possible sale.

Sun, 08 Dec 2019 14:07:09 GMT

Japanese watchdog likely to recommend fine against Nissan

According to the NHK public broadcaster report on Sunday, the Japanese market watchdog will most likely recommend fine of $22 million against Nissan Motor over false reporting.

Sun, 08 Dec 2019 12:57:57 GMT

China's exports decline in November

The Chinese customs data showed on Sunday that China's exports declined in November for the fourth straight month.

Sun, 08 Dec 2019 11:48:23 GMT

Rouhani presents draft state budget to Parliament

On Sunday, Hassan Rouhani, the President of Iran, presented the 2020 budget of $38.8 billion to the Parliament, saying that the budget was designed to combat the US sanctions by curbing oil dependence.

Sun, 08 Dec 2019 11:03:49 GMT

China's copper imports surge by 12.1% in November

According to data, released by the Chinese General Administration of Customs, showed that China's imports of copper, including anode, refined and semi-finished copper hit a 13-month high in November.

Sun, 08 Dec 2019 10:03:40 GMT

Tesla CEO Musk wins defamation case

A jury in federal court in  Los Angeles decided on Friday that Elon Musk, the Tesla and SpaceX CEO, had not defamed the British caver Vernon Unsworth.

Sun, 08 Dec 2019 09:00:26 GMT

Jiechi tells US to stop interfering in China's internal affairs

On Saturday, China's Political Bureau Member Yang Jiechi told Mike Pompeo, the US Secretary of State that the United States should stop interfering the country's internal affairs.

Sun, 08 Dec 2019 08:31:39 GMT

Buttigieg promises billions to improve public education

On Saturday, Mayor Pete Buttigieg, the US Democratic presidential candidate, pledged billions of dollar to fight education disparities if elected.

Sun, 08 Dec 2019 07:02:40 GMT

Lebanon PM Al-Hariri appeals for help with imports

On Saturday, the office of Lebanon's Prime Minister Saad al-Hariri appealed to friendly countries to help with imports goods.

Sun, 08 Dec 2019 06:01:46 GMT

ATLA decides not to suspend Hong Kong Airlines license

On Saturday, the Air Transport Licensing Authority of Hong Kong said that it has decided not to suspend Hong Kong Airlines license after the company scrambled for a cash injection.

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