News

Note: This section contains information in English only.
Thu, 22 Aug 2019 18:52:59 GMT

VW has no interest in acquiring Tesla stake

On Thursday, Volkswagen stated it had no interest in acquiring a stake in the US electric vehicle manufacturer Tesla, following recent speculations about a possible deal made by Manager Magazin.

Thu, 22 Aug 2019 17:58:57 GMT

US initial jobless claims drop last week

The number of applications for US unemployment benefits plummeted 12K to a seasonally adjusted 209K in the week ending August 17, missing analysts' expectations for a 216K reading, according to Labor Department's report released on Thursday.

Thu, 22 Aug 2019 16:45:28 GMT

Mediaset sues Vivendi over leaking information

Mediaset has filed a complaint against shareholder Vivendi with the Italy market watchdog, accusing it of information leakage, allegedly seeking to scrap its plans for corporate restructuring.

Thu, 22 Aug 2019 15:44:49 GMT

France's Macron says no time for new Brexit deal

On Thursday, France's President Emmanuel Macron has told the British Prime Minister Boris Johnson that it was too late for a new Brexit deal, which would be impossible to rewrite by the October 31 deadline.

Thu, 22 Aug 2019 14:42:59 GMT

Amazon calls on India to ease e-commerce restrictions

Amazon.com has called on the Indian government to ease e-commerce restrictions, as well as help tiny businesses export goods and sell online to revive the sluggish domestic economic growth.

Thu, 22 Aug 2019 13:37:01 GMT

US House panel probes e-cigarette firms amid health concerns

The US House Energy & Commerce Committee has launched a probe into four dominant e-cigarette manufacturers amid raised concerns about the impact of their products on people's health.

Thu, 22 Aug 2019 11:49:01 GMT

Audi plans to join BMW, Mercedes develpment alliance

Audi is planning to join the alliance of its competitors Daimler and BMW to develop an upgraded driving assistance systems, according to the German weekly newspaper Wirtschaftswoche's post seen on Thursday.

Thu, 22 Aug 2019 09:47:46 GMT

OPEC loses market share

On Thursday, it was announced that the global oil market share held by OPEC has decreased to 30%. The decline has occurred due to increase of production in Iran and Venezuela.

Thu, 22 Aug 2019 09:29:39 GMT

German businesses keep struggling in August

The German private sector has continued to underperform this month as the manufacturing recession hampered, while the services sector's activity eased slightly, marking a possibility that the EU biggest economy is moving towards recession.

Thu, 22 Aug 2019 08:37:52 GMT

Italian President seeks quick deal on new government

The Italian President Sergio Mattarella is seeking political parties to agree on a deal to establish a new government during the next couple of days to avoid early elections, an official source reported on Thursday.

Thu, 22 Aug 2019 07:38:43 GMT

Splunk to acquire SignalFx for $1.0B

Splunk, the data analytics software developer, announced its acquisition of the privately-owned cloud software firm SignalFx in a cash0and-stock deal valued at around $1.05B, sending Splunk's shares 7.4% up to $137.99.

Thu, 22 Aug 2019 06:37:04 GMT

US, North Korea seen to resume dialogue 'soon'

South Korea's senior official stated on Thursday that North Korea and the United States were expected to resume their denuclearisation negotiations in the nearest time, raising hopes for a progress in talks after a stalemate.

Thu, 22 Aug 2019 05:01:28 GMT

Crude oil prices edge higher on Thursday

On Thursday, crude oil prices edged higher after a decline in the US crude inventories. Brent crude futures were up $60.36 a barrel by 0242 GMT, while the US WTI crude rose to $55.78 per barrel.

Thu, 22 Aug 2019 03:59:40 GMT

US Dollar holds gains on Thursday

The US Dollar held gains against a basket of major currencies on Thursday after the US Federal Reserve's policy minutes tempered interest rate cut expectations.

Thu, 22 Aug 2019 03:11:19 GMT

Trade war to shave 0.3% from US GDP

According to the US nonpartisan Congressional Budget Office, higher tariffs are expected to reduce real income for the average US household and would shave 0.30% from the US gross domestic by 2020.

Thu, 22 Aug 2019 01:45:09 GMT

US SEC votes to publish new guidance on shareholder advisers

The US Securities and Exchange Commission voted 3-2 on Wednesday to release new guidance on shareholder proxy advisers.

Wed, 21 Aug 2019 19:50:16 GMT

FitBit to supply Singapore citizens with fitness trackers, services

FitBit Inc has signed a contract with Singapore's government to supply its fitness trackers and other services to about 1M of the country's citizens free of charge, but on a condition that new users will pay 10 Singapore dollars a month for one year, in the company's health initiative that starts in October.

Wed, 21 Aug 2019 18:56:07 GMT

Noble Holdings plans LNG, energy business rebuilding

Noble Group Holdings plans to rebuild its LNG and core energy businesses, as the company aims to develop rare earths, seeking a new life as the Asia-focused commodity trader, Reuters reported on Wednesday.

Wed, 21 Aug 2019 17:50:00 GMT

Amazon launches its largest Indian global campus

On Wednesday, Amazon.com has launched its world's largest campus located in India, underscoring the company's expansion plans in one of its rapidly growing overseas markets.

Wed, 21 Aug 2019 16:47:12 GMT

China's Geely reports 40% drop in H1 profit

The Chinese auto giant Geely Automobile Holdings reported on Wednesday its net profit dropped 40% in the first half due to continuous downturn in the largest auto market in the world, expecting an uncertain forecast for car demand until the next year.

Wed, 21 Aug 2019 15:49:49 GMT

Alibaba delays up to $15B HK IPO amid protests

Alibaba Group Holding, China's largest e-commerce company, has postponed its up to $15B Hong Kong listing due to rising political unrest in the country, sources reported on Wednesday.

Wed, 21 Aug 2019 15:27:13 GMT

Goldman seeks for majority control of Chinese JV

Goldman Sachs is seeking a majority control of the China joint venture ahead of the Asian country's plan to allow international companies full control, the bank stated on Wednesday.

Wed, 21 Aug 2019 13:42:25 GMT

Japan and South Korea negotiate

On Wednesday, representatives of South Korea and Japan announced the need to repair ties that were hurt by trade and wartime compensation disputes.

Wed, 21 Aug 2019 12:42:24 GMT

Sri Lanka is expected to keep rates steady

On Friday, the Central Bank of Sri Lanka will make an interest rate announcement. The bank is expected to keep rates unchanged.

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