News

Note: This section contains information in English only.
Sat, 12 Oct 2019 05:32:29 GMT

US cancels October tariff hike

The US President Donald Trump stated on Friday that there would be no tariff hike on Chinese goods this month, as two countries moved forwards in trade deal negotiations.

Sat, 12 Oct 2019 03:14:28 GMT

Ziobro lays out judicial reform plans in Poland

Zbigniew Ziobro, Poland's Justice Minister, has set out plans for further justice system reforms ahead of the country's general election.

Sat, 12 Oct 2019 02:14:49 GMT

Trump nominates Sullivan as Russian ambassador

The US President Donald Trump has named John Sullivan, the US Deputy Secretary of State, as the US ambassador to Russia.

Fri, 11 Oct 2019 19:44:28 GMT

Renault seeks fresh start for alliance with Nissan

On Friday, Renault's board voted to oust the CEO Thierry Bollore amid intention of the French carmaker and its Japanese partner Nissan to reboot the alliance on the back of the scandal-hit tenure of the ex-supremo Carlos Ghosn.

Fri, 11 Oct 2019 18:41:43 GMT

Brazil's Gol, American Airlines discuss partnership

Gol Linhas Aereas Inteligentes and American Airlines Group are discussing a potential partnership, seeking to integrate flights between the carriers in Latin America, Brazil's Valor Economico reported on Friday.

Fri, 11 Oct 2019 17:47:07 GMT

Commerzbank hires Goldman, JPM to advise on mBank sale

Commerzbank has hired Goldman Sachs and JPMorgan as advisers for Poland's mBank sale launched by the German lender, holding a 69.3% stake in the Polish bank worth around $2.65B.

Fri, 11 Oct 2019 16:42:02 GMT

Uber to buy Cornershop

Uber announced that it is set to buy majority stake in Cornershop, the online grocery provider, as the ride-hailing firm moves to expand its delivery service into the market of grocery stores.

Fri, 11 Oct 2019 15:51:26 GMT

Canada adds 53K jobs up in September

Canada's economy added more-than-expected 53.7K net jobs in September, with the gains in full-time work and mostly driven by the services sector, Statistics Canada revealed.

Fri, 11 Oct 2019 14:43:50 GMT

Brazil's services activity drops in August

Activity in Brazil's services sector declined 1.4% in August year-on-year, more steeply than anticipated, suggesting that the broader recovery in the economy remained sluggish and uneven.

Fri, 11 Oct 2019 13:53:24 GMT

Metro confirms partnership talks with Wumart

On Friday, the German retailer Metro has confirmed it had entered advanced negotiations with China's Wumart over a potential partnership regarding Metro-owned Chinese operations, lifting Metro's shares 2% on the news.

Fri, 11 Oct 2019 12:59:13 GMT

Australia's Clean TeQ halts battery metals accord with MCC

On Friday, Clean TeQ Holdings, Australia's mine developer has terminated its agreement China Metallurgical Corporation to develop the company's Sunrise Battery Materials Complex, delaying the battery metals project.

Fri, 11 Oct 2019 11:45:22 GMT

Toyota Motor launches redesigned hydrogen sedan

On Friday, Toyota Motor Corp has rolled out its completely redesigned hydrogen fuel cell sedan amid the Japanese carmaker's intention to revive the niche technology demand, making it mainstream.

Fri, 11 Oct 2019 11:02:05 GMT

Tusk comments on Brexit

On Friday, the President of the European Council Donald Tusk stated that there is no guarantee of a Brexit deal despite latest successful talks.

Fri, 11 Oct 2019 09:41:32 GMT

Hyundai, Kia agree on engine defect lawsuit settlement

On Friday, Hyundai Motor and Kia Motors Corp have agreed on how to settle the lawsuit filed against the carmakers by US owners of certain cars over potential risks of an engine fire. The settlement provides a free inspection, lifetime warranties, and the covered engines repair.

Fri, 11 Oct 2019 08:42:40 GMT

Fidelity cuts online trading fees to zero

Fidelity Investments trimmed online trading commissions to zero on US stock trades, ETFs and options, joining its competitors in a trade fees cut to rival new players in the market.

Fri, 11 Oct 2019 07:45:46 GMT

KKR, Shell and Mitsubishi make final round in Eneco auction

Japan's Mitsubishi, the private equity group KKR and Royal Dutch Shell have made their final auction round for the Dutch utility Eneco, potentially valued at $3.4B, with the deadline for final bids ending on November 4, sources reported.

Fri, 11 Oct 2019 06:50:59 GMT

Italy's Ferretti postpones IPO to Oct. 15

Ferretti, the Italian yacht maker, postponed its initial public offering deadline to October 15, due to the share sale seeing weak demand, expecting October 21 as the first day for share trading.

Fri, 11 Oct 2019 05:51:33 GMT

US and China restore high-level talks on trade war

Top Chinese and US negotiators resumed the high-level talks, after holding their last meeting in late July, to find a possible solution to the ongoing trade dispute that lasts more than a year.

Fri, 11 Oct 2019 04:49:38 GMT

LSE mulls overhaul of Italy's MTS business

The London Stock Exchange Group is considering an overhaul of the Italian MTS business ahead of a possible merger deal with the data provider Refinitiv, planning the bond trading platform BondVision's shutdown and some of the Italian operations transfer to London.

Fri, 11 Oct 2019 03:50:47 GMT

Boeing, Porsche team up on electric flying vehicle

The US planemaker Boeing Co announced a partnership with Porsche, the luxury sport car brand owned by Volkswagen, amid two companies' intention to develop an electric flying vehicle that would be capable of moving people in urban settings.

Fri, 11 Oct 2019 02:41:46 GMT

EU's BioNtech shares rise 10% in US market debut

Shares in the European biotech firm BioNtech jumped 10% to $16.69 in their market debut held on Thursday, after the German company downsized its IPO and priced the stock below the range expected earlier, valuing BioNtech at $3.78B.

Fri, 11 Oct 2019 02:22:13 GMT

Arabtec, Trojan pick advisers for merger deal

Trojan Holding and Arabtec Holding have selected Dubai-listed Shuaa Capital and Swiss bank UBS as advisers on the UAE construction firms' potential merger deal, according to Reuters.

Thu, 10 Oct 2019 19:48:37 GMT

WeWork plans new location openings in Singapore, Manila

The office-sharing start-up WeWork is planning to open new co-working sites in the Philippines and Singapore this year, and seeking a $1.0B worth lifeline from its largest-backer Softbank Group for the company's major restructuring.

Thu, 10 Oct 2019 18:41:19 GMT

UK inventor James Dyson calls off EV project

On Thursday, the British inventor James Dyson, known for his bagless vacuum cleaner, has cancelled the ambitious project to develop an electric car, an investment worth $3.1B, as his Automotive team no longer see a way to make the project commercially viable.

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