News

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Fri, 19 Jul 2019 18:54:10 GMT

Thailand's exports expected to fall 5%

Thailand's customs-cleared yearly exports are likely decreased for a fourth month in succession in June, down 5.0%, after declining 5.79% in the prior month, a Reuters poll revealed on Friday.

Fri, 19 Jul 2019 17:52:12 GMT

Syngenta's profit affected by US-China trade war

Agricultural chemicals' maker Syngenta reported a 34% decline to net income of $798M in the H1, revealing the impact of the US trade disputes with Mexico and China and bad weather.

Fri, 19 Jul 2019 16:49:44 GMT

Canada's retail sales down 0.1% in May

Retail sales in Canada declined 0.1% month-on-month in May, compared to the analysts' expectation of 0.3% rise, according to the latest release by Statistics Canada.

Fri, 19 Jul 2019 15:51:11 GMT

Philippines' inflation slows to 3% in Q2

Headline inflation in the Philippines declined to 3% in the June quarter of this year from 3.8% in the prior quarter, the BSP stated in the statement.

Fri, 19 Jul 2019 14:56:15 GMT

AmEx profit up on higher customer spending

Credit card issuer American Express beat analysts' expectations for profit in the Q2, as custumer spending grew 5% globally and 7% in the US amid the healthy US economy.

Fri, 19 Jul 2019 13:59:51 GMT

GM reveals its new 2020 Corvette sports car

On Thursday, General Motors has unveiled its newly designed 2020 Corvette sports car late on Thursday, despite the US largest carmaker is facing pressure in the uncertain and sluggish global sales environment.

Fri, 19 Jul 2019 12:59:06 GMT

BlackRock's revenue hit by fee cuts

BlackRock reported on Friday its revenue for the three months ended June 30 plunged 2.2% to $3.52B from the previous year, hit by some fee trims the company had made amid reduced demand by borrowers.

Fri, 19 Jul 2019 12:37:24 GMT

Aston Martin's largest investor offers to acquire 3% stake

Strategic European Investment Group, the largest investor of Aston Martin, has made an offer on Friday to boost its stake by 3% more in the luxury automaker, following a slump in its shares after the IPO held last year.

Fri, 19 Jul 2019 11:34:27 GMT

PepsiCo to acquire Pioneer Food in $1.7B deal

PepsiCo has signed a deal worth $1.7B to acquire the South African company Pioneer Food Group, both firms announced on Friday, sending Pioneer's shares by 29.32% and bolstering a sector hit by tough trading conditions.

Fri, 19 Jul 2019 09:30:55 GMT

Oyo founder buys back $2.0B stake in Indian firm

Ritesh Agarwal, the founder of the Indian hospitality company Oyo, has increased his stake in the start-up backed by SoftBank with a $2.0B worth buyback.

Fri, 19 Jul 2019 08:36:22 GMT

Scalia's son to become new Labour Secretary

The US President Donald Trump is planning to nominate the Supreme Court justice Antonin Scalia's oldest son, Eugene Scalia, to become the new Secretary of Labour, succeeding Alex Acosta.

Fri, 19 Jul 2019 07:09:24 GMT

AB InBev considers asset sale after scrapping Asia IPO

Anheuser-Busch InBev is exploring its asset sale in Central America, Australia and South Korea to trim the company's massive debt, after cancellation of of its Asia-Pacific division's planned IPO, according to the Wall Street Journal.

Fri, 19 Jul 2019 06:39:30 GMT

The We Company to host Wall Street banks' analyst day

WeWork parent The We Company is set to host the analyst day for the Wall Street banks scheduled for July 31, on the back off the firm's preparations for its planned initial public offering.

Fri, 19 Jul 2019 04:50:12 GMT

Asian stocks surge on Friday

During Friday's Asian trading session, stock indices surged. The move was attributed to Federal Reserve rate cut expectations.

Fri, 19 Jul 2019 04:21:37 GMT

Microsoft shares hit record high

On Thursday, the Microsoft Corporation published its quarterly earnings, which beat analyst estimates. The event caused a stock surge, which reached an all-time high level.

Fri, 19 Jul 2019 03:31:28 GMT

Tencent, BMW to open computing centre in China

Germany's automaker BMW and China's online gaming major Tencent Holdings teamed up to create a computing centre in China, which is likely to help develop self-driving vehicles in the world's largest auto market, the companies stated

Thu, 18 Jul 2019 19:55:24 GMT

Trump to hold meeting with airline CEOs over Qatar flights

On Thursday, the US President Donald Trump is set for a meeting with the CEOs of Qatar Airways and major American airlines at 1930 GMT to discuss the accusations that subsidies by UAE and Qatar trigger job losses in the United States.

Thu, 18 Jul 2019 18:56:32 GMT

Indonesia to start electric car production in three years

Indonesia is planning to launch production of electric vehicles in 2022, after a couple of companies showed their intention to make investments in the country, the Industry Ministry stated on Thursday.

Thu, 18 Jul 2019 17:50:47 GMT

Google fined by Russia for failing to sort search results

On Thursday, Google has been fined $11.1M by the Russian communications watchdog, as the tech giant failed to meet the legal requirements to delete entries from the search results, which deemed to contain illegal information, according to Moscow.

Thu, 18 Jul 2019 17:13:45 GMT

ADB: Indian GDP to growth 7%

The Asian Development Bank lowered Indian gross domestic product growth forecast to 7% for 2019 and 7.2% in the following year on the back of concerns of fiscal shortfall, state-run broadcaster reported.

Thu, 18 Jul 2019 16:22:02 GMT

SAP quarterly result disappoint

Operating profits of Germany's software company SAP dropped 21% to $928.9M in the second quarter of 2019, the firm announced on Thursday.

Thu, 18 Jul 2019 15:16:06 GMT

British retail sales up in June

The UK retail sales jumped unexpectedly in June, showing 1.0% increase, while analysts anticipated 0.3% fall, the ONS stated, rising hopes that the economy would sidestep a doecline in the Q2.

Thu, 18 Jul 2019 14:27:16 GMT

US initial jobless claims in line with expectations

The number of applications for US unemployment benefits rose 8K to 216K in the week ending July 13, which is in line with analysts' expectations, according to the Labor Department's report released on Thursday.

Thu, 18 Jul 2019 13:38:47 GMT

N26 prolongs funding round amid expansion

On Thursday, the Berlin-based online bank N26 announced it had attracted extra $170M in the latest funding round, boosting up its valuation to $3.5B, as the company sought for expansion to markets outside the EU bloc.

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