News

Note: This section contains information in English only.
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.

Tue, 05 Nov 2019 19:26:48 GMT

Mediaset, Vivendi try to resolve TV project dispute

The Italian broadcaster Mediaset is in talks with Vivendi, its hostile shareholder, about possible resolutions of a dispute regarding the governance of the Mediaset's planned pan-EU TV reorganisation.

Tue, 05 Nov 2019 17:45:49 GMT

Mylan beats profit estimates

Mylan topped Wall Street estimates, as its net earnings rose 3.5% to $2.96B in the Q3, owing to expansion in the company's biggest market of North America.

Tue, 05 Nov 2019 16:43:19 GMT

Canada's trade deficit narrows in September

Canadian trade deficit narrowed to C$978M in September, compared with a revised C$1.24B deficit in August, as imports and exports declined.

Tue, 05 Nov 2019 16:06:00 GMT

Kroger's profit estimates above expectations

Kroger announced forecast for adjusted profit in the range $2.30-$2.40 per share and same-store sales to rise 2.25% in 2020, surpassing analysts' estimates.

Tue, 05 Nov 2019 14:56:16 GMT

Hungary to open way to Huawei in 5G network launch

On Tuesday, the Hungarian Foreign Minister has opened doors for China's telecoms giant Huawei to participate in the launch of the high-speed 5G network in Hungary.

Tue, 05 Nov 2019 13:49:57 GMT

Air France-KLM to boost sales, profit

On Tuesday, Air France-KLM is planning to expand its Transavia budget line, as well as tap the core French carrier into premium travel, as the company seeks to bolster its shares and profit.

Tue, 05 Nov 2019 13:26:37 GMT

SAP plans $1.7B return to shareholders next year

SAP, Germany's business software group, announced it would make a return of an extra $1.7B to shareholders in the following year, as the company's strong operational and financial performance made the enhanced payout possible.

Tue, 05 Nov 2019 11:57:40 GMT

Xerox to sell 25% stake in Fuji Xerox venture

Xerox Holdings Corp is planning a 25% stake sale in Fuji Xerox, the joint venture built up with Fujifilm Holdings, in a potential deal worth $2.3B, according to Reuters.

Tue, 05 Nov 2019 10:49:24 GMT

Crude oil continues to surge

On Tuesday, crude oil price benchmarks continued to edge higher. The surge was boosted by a decrease in Chinese interest rates. Namely, crude oil is being repriced, as global money supply has been increased.

Tue, 05 Nov 2019 10:35:29 GMT

Trump Administration triggers Paris climate pact withdrawal

Trump's Administration has triggered the US withdrawal from the Paris Climate Change Agreement by filing paperwork on Monday, a part of the broader strategy by the President Donald Trump to cut red tape on the American industry.

Tue, 05 Nov 2019 09:36:37 GMT

Malaysia to allow motorcycle-hailing firms to start operations

Malaysia is planning to allow motorcycle-hailing companies, such as the local firm Dego Ride and Indonesia's Gojek, to launch their operations on limited extent starting from January 2020.

Tue, 05 Nov 2019 07:41:07 GMT

German minister in doubts over Huawei role in 5G build-out

Heiko Maas, the German Foreign Minister, has raised doubts regarding Huawei Technologies participation in the 5G data network development and construction, citing national security laws.

Tue, 05 Nov 2019 07:33:37 GMT

Comcast rolls out tools to boost ad targeting on TV

Comcast Corp has launched new advertising tools for advertisers to target certain TV viewers, as the biggest US television provider seeks luring away ad dollars from digital rivals.

Tue, 05 Nov 2019 06:30:27 GMT

UK retail spending stagnates

Data released on Tuesday revealed that retail spending in the UK rose by 0.6% on a yearly basis in October.

Tue, 05 Nov 2019 05:30:59 GMT

China cuts interest rate

The Chinese central bank on Tuesday cut its medium-term lending interest rate. The rate cut was the first one since early 2016.

Tue, 05 Nov 2019 03:40:06 GMT

China presses for tariff roll-backs

On Tuesday, Reuters revealed that Chinese officials were pressuring the President of the United States Donald Trump into removing the tariffs imposed in September.

Tue, 05 Nov 2019 03:11:28 GMT

Asian shares reach July peak

During early Tuesday's Asian trading, stock indices traded near July peak levels. The surge was mainly driven by a Chinese interest rate cut.

Mon, 04 Nov 2019 20:43:19 GMT

France's EDF agrees to acquire UK's Pivot Power

EDF, France's state-controlled energy group, has agreed to acquire the UK start-up, Pivot Power, that specialises in infrastructure and battery storage for electric car charging stations.

Mon, 04 Nov 2019 20:10:13 GMT

Oil climbs over 1% amid US-China hopes

On Monday, oil prices grew over 1%, driven by an improved forecast for crude demand due to better-than-estimated US jobs growth results that raised hopes for the US-China trade deal to be reached during this month.

Mon, 04 Nov 2019 19:12:00 GMT

Santander takes £350M stake in Britain's Ebury

Santander has acquired £350M majority stake in the British trade and foreign exchange facilitator Ebury, as the Spanish bank seeks to boost its growth via new ventures, the lender announced on Monday.

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