News

Note: This section contains information in English only.
Fri, 25 Oct 2019 13:42:46 GMT

EU to tighten regulations against money laundering

The European Union bloc is preparing to toughen laws against money laundering, as previous reforms did not deliver results on tackling a couple of banking scandals, according to EU's draft document.

Fri, 25 Oct 2019 13:04:16 GMT

Verizon tops forecasts by adding more postpaid users

Verizon Communications topped Wall Street's expectations for the Q3 revenue and profit on Friday, as the company added 615K postpaid customers, beating analysts' estimates for the 527K reading.

Fri, 25 Oct 2019 11:41:19 GMT

Virgin Australia prices $425M notes to fund Velocity purchase

On Friday, Virgin Australia Holdings has issued $425M notes, as it is eager to fund its frequent flyer programme Velocity's buyback.

Fri, 25 Oct 2019 11:13:16 GMT

H&M opens boutique-like store in Berlin

On Friday, H&M has launched a new-look small boutique in Berlin's trendy neighbourhood, offering yoga classes and a garden cafe, as well as free space for other brands on the back of Sweden's budget chain intention to revive sluggish sales.

Fri, 25 Oct 2019 09:47:52 GMT

Michelin keeps guidance numbers unchanged

The tyre maker Michelin announced on Thursday that it is still expecting the same results for 2019, as it had forecast in the last quarter.

Fri, 25 Oct 2019 09:08:29 GMT

Nasdaq gets boosted on Thursday

On Thursday, Nasdaq stock indices surged due to a rise in the prices of Microsoft and PayPal stocks.

Fri, 25 Oct 2019 07:44:00 GMT

Micron rolls out new hard drives to outrace Intel in data centres

Micron Technology, the Idaho-based memory chipmaker, has launched new hard drives line aimed at data centres, seeking to challenge its rival Intel Corp, as two chip giants are in the process of officially halting their joint venture.

Fri, 25 Oct 2019 07:37:20 GMT

PM Johnson calls for Dec. 12 election to end Brexit deadlock

Boris Johnson, the British Prime Minister, has called for general election to be held on December 12, seeking to break the Brexit deadlock, and admitting he would not meet the "do or die" deadline for leaving the EU bloc next week.

Fri, 25 Oct 2019 06:08:38 GMT

Tesla surprises Wall Street with Q3 profit results

Tesla has surprised Wall Street by reporting better-than-expected Q3 profit results, as promised by the electric carmaker's CEO Elon Musk, sending its shares up 18% to $301.

Fri, 25 Oct 2019 04:50:14 GMT

Qualcomm creates $200M fund aimed at 5G uses beyond phones

Qualcomm, which supplies chips for the next generation of mobile networks, known as 5G technology, has announced a $200M venture capital fund seeking to invest in start-ups aiming at 5G usage in other devices rather than phones.

Fri, 25 Oct 2019 03:54:09 GMT

Ardian prepares for d&b Audiotechnik sale

Ardian is planning to launch a sale of the German professional loudspeaker producer d&b Audiotechnik, in a potential deal that could value the company at over €600M, according to sources familiar with the matter.

Fri, 25 Oct 2019 02:48:57 GMT

Twitter reports worse-than-expected Q3 revenue, profit

Twitter has reported its revenue and profit were hit in the Q3 by weaker advertising and low demand during the summer time, sending the company's shares down nearly 15%.

Fri, 25 Oct 2019 02:25:10 GMT

Czechs likely to follow Germany's approach on Huawei

The Czech Republic is considering to adhere to German and other neighbouring countries' approach regarding Huawei in 5G network building and abandon the idea of banning the Chinese company, the industry minister stated.

Thu, 24 Oct 2019 15:43:06 GMT

Nissan likely to sell two EU plants due to falling sales

Nissan Motor is planning to sell two of its EU production sites, as the Japanese automaker is facing dropping sales in this region, as well as industry shift towards electric vehicles, according to a Bloomberg report.

Thu, 24 Oct 2019 14:56:52 GMT

Russia's VTB considers 10% stake sale in VTB Africa

VTB, Russia's state-controlled lender, is considering a 10% stake sale in its Angolan unit VTB Africa that would reduce the bank's total stake in the African arm to 40%, VTB's CEO Andrei Kostin stated.

Thu, 24 Oct 2019 14:04:30 GMT

ECB's Draghi praises new German nominee Schnabel

On Thursday, Mario Draghi, the President of the European Central Bank, welcomed new executive board member, Isabel Schnabel, nominated by Germany, who would stimulate discussions at the bank, giving Berlin an expert voice on its issues.

Thu, 24 Oct 2019 12:49:34 GMT

Swedish Crown edges higher

The Swedish Crown surged to its strongest against the US Dollar and also gained about 0.6% in value against the Euro on Thursday after the Riksbank stuck to its plans to hike interest rate in December.

Thu, 24 Oct 2019 11:26:25 GMT

Al-Jubeir says maximum pressure will get Tehran to negotiate

Adel al-Jubeir, Saudi Arabia's Foreign Minister, stated on Thursday that applying maximum pressure was the only way to get Iran to negotiate.

Thu, 24 Oct 2019 10:33:08 GMT

BOJ thinking towards keeping monetary policy steady

According to sources familiar with of the matter, the BOJ is thinking toward stabilising the markets next week if a flare-up in the US-China trade talks or renewed concerns of a disorderly Brexit jolt market.

Thu, 24 Oct 2019 10:10:22 GMT

European shares edge higher on Thursday

European shares edged higher on Thursday, boosted by automobile stocks. The pan-European STOXX 600 index was up by 0.3% at 0710 GMT.

Thu, 24 Oct 2019 09:07:59 GMT

Bribery case involving Samsung's chief begins

South Korea will begin a bribery case against the Samsung Group chief Jay Y. Lee on Friday after the country's Supreme Court overturned in August part of appeals.

Thu, 24 Oct 2019 08:22:59 GMT

Daimler Q3 earnings up by 8%

On Thursday, Daimler shares were 5.4% higher during the Asian trading session after the company reported an 8% increase in Q3 operating profit.

Thu, 24 Oct 2019 07:15:05 GMT

Amazon acquries healthcare firm Health Navigator

On Wednesday, Amazon.com announced it had acquired Health Navigator, the healthcare start-up, as it seeks to expand its footprint in the industry.

Thu, 24 Oct 2019 04:58:50 GMT

Ford cuts profit outlook

Ford Motor slashed forecast for operating profit for the year to the $6.5B-%7B range after disappointing Q3 that the CEO blamed on bigger discounts, warranty costs and weaker performance in China.

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