News

Note: This section contains information in English only.
Thu, 17 Oct 2019 15:41:48 GMT

Samsung vows to fix S10 fingerprint recognition issue

On Thursday, Samsung Electronics promised it would launch a software patch soon to resolve the fingerprint recognition issue on the smartphone maker's Galaxy S10 flagman.

Thu, 17 Oct 2019 14:53:00 GMT

China grants manufacturing approval for Tesla

Tesla has received approval from the Chinese government on Thursday to start manufacturing its electric vehicles in China, the Ministry of Industry and Information Technology reported.

Thu, 17 Oct 2019 14:30:13 GMT

Honeywell falls short of estimates for quarterly revenue

On Thursday, Honeywell International Inc reported its quarterly revenue missed Wall Street estimates, triggering a trim of the diversified manufacturer's full-year sales forecast.

Thu, 17 Oct 2019 12:56:19 GMT

Nestle plans to revamp waters business

The food group Nestle is planning to return back up to $20.13B to shareholders within the following three years and revamp the struggling waters business, as organic sales growth dropped in the Q3.

Thu, 17 Oct 2019 11:42:52 GMT

Britain signs last-minute Brexit deal with EU

On Thursday, Britain has signed its Brexit deal with the EU bloc, however, the Prime Minister Boris Johnson still faced the Parliament challenge to receive an approval, Reuters reported.

Thu, 17 Oct 2019 10:26:28 GMT

WeWork owner form committee over financing lifeline

The We Company, the owner of WeWork, has established a committee of a special board to explore offers for a $5B financing lifeline from SoftBank Group Corp, the company's largest shareholder, and JPMorgan Chase, its main lender.

Thu, 17 Oct 2019 08:48:14 GMT

Australia's CB reports 18% jump in 2018/19 profit

Australia's Central Bank reported its net profit rose 18% during the last financial year, as lender's foreign reserves were bolstered by the local currency's sharp depreciation, according to its annual report released on Thursday.

Thu, 17 Oct 2019 08:47:26 GMT

Domino's to leave foreign markets

The British pizza delivery firm, Domino's Pizza Group Plc, stated on Thursday that it would leave four non-profitable European markets.

Thu, 17 Oct 2019 07:52:30 GMT

Barneys plans assets sale to Authentic Brands, B. Riley

Barneys New York, the struggling US luxury department-store chain, has reached a deal on its assets sale to Authentic Brands Group, the brand developer, and the investment firm B. Riley Financial, according to Reuters.

Thu, 17 Oct 2019 06:45:33 GMT

IBM Q3 revenue results miss estimates

International Business Machines reported its Q3 revenue fell 3.9% to $18.03B, missing analysts' expectations of $18.22B, and sending the company's shares down 3% on the results.

Thu, 17 Oct 2019 06:10:48 GMT

Xiaomi to widen its India product range

China's Xiaomi Corp is planning to shed its budget brand image by widening the Indian product portfolio, adding pricier high-spec smart TVs and smartphones, the company's senior executive said.

Thu, 17 Oct 2019 05:23:12 GMT

Netflix shares surge on robust subscriber growth

Netflix shares rose 8.7% on Wednesday, in after-hours trading, after the company reported the number of its subscribers grew more than expected in the Q3 ahead of a new streaming video competition against Walt Disney and Apple.

Thu, 17 Oct 2019 03:49:36 GMT

Facebook's Libra sees banks, financial firms on board

Facebook is expecting to get backing for its cryptocurrency Libra from 100 lenders after addressing all regulatory concerns, despite the project was abandoned by a number of high-profile partners, such as Visa, Mastercard and PayPal.

Thu, 17 Oct 2019 02:52:03 GMT

Huawei launches new generation 5G antennae

Huawei Technologies rolls out new 5G mobile antennae, expecting acceleration in network upgrades that are led by three operators in the vast Chinese market, Reuters reported.

Thu, 17 Oct 2019 02:23:12 GMT

Natixis names new Ostrum AM CEO, Natixis IM COO

Natixis, the French investment bank, named Joseph Pinto as Natixis Investment Managers' new Chief Operating Officer and Philippe Setbon as a CEO of NIM's affiliate Ostrum Asset Management.

Wed, 16 Oct 2019 20:19:41 GMT

Netflix increases number of subscribers

According to data published by Refinitiv, the number of Netflix paid subscribers in Q3 has increased by 6.77M people or 5%, thus beating analysts' projections.

Wed, 16 Oct 2019 19:09:43 GMT

UAW and GM finally reach compromise

On Wednesday, the United Auto Workers (UAW) and General Motors (GM) leaders have concluded a deal that should end a month-long strike.

Wed, 16 Oct 2019 17:41:20 GMT

BNY Mellon profit drops 7% amid lower fees

Bank of New York Mellon reported on Wednesday its quarterly profit plunged 7%, as the world's biggest custodian lender earned lower fees and was hit by a fall in interest rates.

Wed, 16 Oct 2019 17:06:37 GMT

UK launches formal inquiry into Amazon Deliveroo deal

On Wednesday, Britain's competition regulator has launched a formal probe into Amazon.com's investment in the food delivery firm Deliveroo, setting December 11 as a deadline for a decision on the investigation's first phase.

Wed, 16 Oct 2019 15:46:02 GMT

Volvo Cars seeks to become greener by 2040

China's Geely Holding-controlled Volvo Cars is seeking to reduce the carbon footprint produced by its vehicles by 40% by 2025 as the carmaker aims to become climate neutral by the year of 2040, it announced on Wednesday.

Wed, 16 Oct 2019 14:45:50 GMT

Huawei Q3 revenue jumps 27% on robust sales

Huawei Technologies reported on Wednesday its Q3 revenue skyrocketed 27% to $23.28B, boosted by an increase in its smartphone shipments launched before the United States blacklisted the Chinese company.

Wed, 16 Oct 2019 13:42:55 GMT

EZ inflation plunges more than expected

The Euro Zone inflation has increased 0.8%, plunging to the slowed pace in about three years this September and missing previous expectations of a 0.9% rise, the EU statistics agency reported on Wednesday.

Wed, 16 Oct 2019 13:09:05 GMT

BoA profit drops on $2.0B impairment charge

Bank of America, the second-biggest US bank by assets, reported on Wednesday its quarterly profit plunged 21% to $5.27B, or 56 cents a share, tumbled mainly by a $2.0B pretax impairment charge.

Wed, 16 Oct 2019 11:47:42 GMT

Ireland says says Brexit issues not resolved

On Wednesday, Leo Varadkar, the Irish Prime Minister stated that the last talks between Britain and the EU had not brought any solution to the Brexit issues, including trade and the Irish border status.

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