News

Note: This section contains information in English only.
Thu, 07 Nov 2019 08:37:10 GMT

Tesla plans expansion in China

Tesla is planning to increase its maintenance and repair shops by 50%, as well as add nearly 100 charging stations and revamp Chinese showrooms, as the electric car maker seeks to open a plant in Shanghai.

Thu, 07 Nov 2019 06:40:47 GMT

Xerox bids for HP

The US printer maker Xerox Holdings made a £25.68B cash-and-stock offer for HP, the personal computer maker, in a move over the firm more than three times its size.

Thu, 07 Nov 2019 05:41:34 GMT

Roku net loss widens in Q3

Roku reported that its net loss widened to $25.2M in the Q3, as the video streaming device producer spent more to attract subscribers to its platform.

Thu, 07 Nov 2019 05:17:52 GMT

LVMH asked to raise $14.5 B Tiffany offer

Tiffany & Co asked LVMH to increase its $14.5B acquisition offer, suggesting that the company significantly undervalued the jewellery chain.

Thu, 07 Nov 2019 03:19:25 GMT

Qualcomm beats revenue forecasts

Qualcomm reported 17% decline in revenue to $4.81B in the Q3, above estimates for a fall to $4.7B, sending the company's shares up 5% on Wednesday.

Wed, 06 Nov 2019 20:50:06 GMT

LSE investors plan Refinitiv deal vote on Nov. 26

London Stock Exchange shareholders are set to vote and pass their verdict on November 26 regarding a deal involving data provider Refinitiv worth $27B, LSE Group announced on Wednesday.

Wed, 06 Nov 2019 20:10:11 GMT

China explores nearly $10B investment in Aramco IPO

China is considering to invest up to $10B in Saudi Aramco's planned IPO, Bloomberg said on Wednesday, where some oil producers are exploring a possibility to acquire stock in the offering.

Wed, 06 Nov 2019 18:46:27 GMT

Tesla plans expansion in China

Tesla is planning to increase its maintenance and repair shops by 50%, as well as add nearly 100 charging stations and revamp Chinese showrooms, as the electric car maker seeks to open a plant in Shanghai.

Wed, 06 Nov 2019 17:47:03 GMT

Uber shares drop 9% to record low

On Wednesday, Uber Technologies shares dropped by 9% to its record-low level, as early investors shares had become available for sale after the expiration of a half year-long restriction linked to the ride-hailing firm's initial public offering.

Wed, 06 Nov 2019 15:50:11 GMT

M&S profit falls 17%

Britain's Marks & Spencer reported a 17% decline in H1 profit, affected by falling sales of clothing, though was confident of fixing problems and returning to growth.

Wed, 06 Nov 2019 15:49:52 GMT

Wendy's reveals strong results in Q3

Wendy's reported that its same-store sales in North America grew 4.4% in the Q3, while adjusted revenues increased 10.1% to $351.1M.

Wed, 06 Nov 2019 14:58:13 GMT

Apple reveals new tech details over privacy features

On Wednesday, Apple Inc has revealed new technical details on privacy features in the giant's latest operating systems work.

Wed, 06 Nov 2019 13:46:46 GMT

Lufthansa's crew strike to trigger 1,3K cancelled flights

Lufthansa's cabin crew strike this week will trigger 1,3K flight cancellations, affecting 180K passengers, the German airline said on Wednesday.

Wed, 06 Nov 2019 12:39:57 GMT

Aramco approaches Malaysia's Petronas with IPO offer

Saudi Aramco has made an offer to Malaysia's Petronas to participate in its planned initial public offering, as the oil giant aims to lure cornerstone investors for the listing.

Wed, 06 Nov 2019 10:40:48 GMT

BMW increases profits

On Wednesday, the new CEO of BMW revealed that he has delivered a 33% increase in profits in the third quarter of this year. The company is one of the few auto makers, which is set to reach its 2019 targets.

Wed, 06 Nov 2019 09:44:34 GMT

Germany's engineering orders drop 4% yoy in September

The German engineering orders plunged by 4% year-on-year in September, tumbled by trade disputes and falling global investment appetite on German goods orders, VDMA reported on Wednesday.

Wed, 06 Nov 2019 09:33:32 GMT

China, France sign $15B contracts during Macron's visit

France and China have signed deals worth $15B during the President Emmanuel Macron's visit to Beijing, China's government official announced on Wednesday.

Wed, 06 Nov 2019 08:36:30 GMT

Xerox explores takeover bid for HP

Xerox Holdings Corp is exploring a cash-and-stock takeover bid for the PC maker HP Inc, a deal that could value HP at $27.0B, according to the WSJ.

Wed, 06 Nov 2019 06:00:31 GMT

Tesla and Walmart agree to settle legal dispute

Tesla Inc and Walmart Inc have reached an agreement to settle a legal dispute over solar panel installations.

Wed, 06 Nov 2019 05:01:13 GMT

Bolsonaro to push for public sector wages cut

On Tuesday, Jair Bolsonaro, the President of Brazil, said that he would try to push for an amendment of the constitution to enable the government to reduce public sector salaries.

Wed, 06 Nov 2019 04:05:20 GMT

US imposes sanctions on five Venezuelan security officials

The United States has imposed sanctions on five Venezuela's political figures and security officials, the US Treasury Department said in a statement on Tuesday.

Wed, 06 Nov 2019 03:16:29 GMT

USPS to use Nvidia Corp's AI software

Nvidia Corp announced on Tuesday that the United States Postal Service would use its artificial intelligence software to process package data 10 times faster.

Tue, 05 Nov 2019 20:52:57 GMT

Chevron sells $1.57B stake in Azeri oilfield

Hungary's energy company MOL is acquiring a $1.57B worth stake in the Azeri giant oilfield from Chevron, a purchase that will add around 20K barrels per day to MOL's output guidance.

Tue, 05 Nov 2019 19:52:25 GMT

Shell to acquire French renewable power firm EOLFI

Royal Dutch Shell is set to acquire France's renewable power wind farm EOLFI, in the oil and gas giant's another move to ramp up its electricity business.

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