News

Note: This section contains information in English only.
Tue, 30 Jul 2019 10:09:53 GMT

GAM declares truce with Haywood

Swiss asset management company GAM Holding has announced that it has made a truce with its manager Tim Haywood. The court battling between the two parties hurt the company's stock price.

Tue, 30 Jul 2019 09:35:04 GMT

Huawei's revenue growth accelerates in first half

On Tuesday, China's Huawei Technologies reported its first-half revenue grew 23.2%, despite the United States sanctions imposed on the tech company in the middle of May.

Tue, 30 Jul 2019 08:21:13 GMT

Newell Brands picks Saligram as CEO

The US household producer Newell Brand has selected the Ritchie Bros Auctioneer's top boss, Ravi Saligram, as the company's next Chief Executive Officer, according to the Wall Street Journal's report seen on Tuesday.

Tue, 30 Jul 2019 07:11:24 GMT

France's Q2 growth falls to 0.2%

French growth fell slightly to 0.2% in the Q2, down from 0.3% in the previous quarter, as firms drew down inventories and consumer spending eased, according to official data seen on Tuesday.

Tue, 30 Jul 2019 06:09:28 GMT

Lufthansa Q2 earnings drop amid rising fuel costs

On Tuesday, the German airline Lufthansa reported a fall in its Q2 earnings, tumbled by rising fuel costs and price competition on the short-haul routes, adding that the EU market is expected to remain challenging until the end of the year.

Tue, 30 Jul 2019 04:40:04 GMT

China increases Belt and Road investments

A research paper published on Tuesday revealed that Chinese investments in Belt and Road countries have increased tenfold in 2014 to 2019, compared with the prior five-year period.

Tue, 30 Jul 2019 04:29:39 GMT

Lithium Australia shares jump

On Tuesday, the stock price of Lithium Australia surged, as the company signed a joint venture with DLG Battery Co.

Mon, 29 Jul 2019 19:40:46 GMT

Pfizer makes deal with Mylan

On Monday, it was announced that Pfizer has made a deal wiht Mylan to create a spin off drug making business.

Mon, 29 Jul 2019 19:14:55 GMT

EPIC reveals new pipeline

On Monday, the oil pipeline operator EPIC launched a new 400,000 barrel per day popeline from the Permian Basin to the US Gulf Coast.

Mon, 29 Jul 2019 17:54:17 GMT

Amsterdam-based Takeaway.com to buy Just Eat

Takeaway.com has reached an agreement to acquire Just Eat for $10.1 billion. The deal would create the world's largest food-delivery markets, including the UK, the Netherlands, Germany and Canada.

Mon, 29 Jul 2019 16:54:53 GMT

US stocks retrace from record highs

On Monday, Wall Street opened below the record highs, as traders and investors are keeping a close eye on the US Federal Revere's policy stance this week.

Mon, 29 Jul 2019 15:57:44 GMT

Oil prices surge on Monday

Crude oil prices edged higher on Monday on the prospect that the US Federal Reserve could cut interest rate. The Brent crude futures were up at $63.67 a barrel.

Mon, 29 Jul 2019 15:01:18 GMT

Johnson tells EU to shift position on Brexit

On Monday, the UK Prime Minister Boris Johnson told the European Union leaders that he would be happy to sit down for Brexit negotiations when they shift their position on the Withdrawal Agreement.

Mon, 29 Jul 2019 14:27:59 GMT

Japan's Osaka Gas set for Sabine Oil takeover

On Monday, Japan's Osaka Gas stated it would acquire Sabine Oil & Gas, the US shale gas developer, in a deal valued at $610M, as the Japanese firm seeks for business global expansion to accelerate future growth.

Mon, 29 Jul 2019 13:38:39 GMT

Exact Sciences to acquire Genomic Health in $2.8B deal

Exact Sciences, the cancer diagnostics company, announced on Monday it would take over the healthcare firm Genomic Health in a deal worth $2.8B, as it seeks to boost the cancer testing business

Mon, 29 Jul 2019 12:21:50 GMT

Musk's Boring attracts around $117M in latest round of funding

Elon Musk's Boring has attracted about $117M in its latest funding round from 20 investors after the electric carmaker offered to sell around $120M in equity, according to its regulatory filing.

Mon, 29 Jul 2019 11:03:18 GMT

Japan's Abe and South Korea's Moon unlikely to meet at UN

Shinzo Abe, Japan's Prime Minister, is unlikely to meet South Korea's President Moon Jae-in at the United National General Assembly that will take place in September, another sign of strained relations between the countries.

Mon, 29 Jul 2019 10:36:39 GMT

Chipmaker TowerJazz Q2 profit beats estimates

TowerJazz, the Israeli chip manufacturer, reported on Monday its Q2 profit fell less than anticipated, adding it would make a $100M investment to expand the output capacity at the Japanese plant to meet rising demand.

Mon, 29 Jul 2019 09:39:09 GMT

Japan's Motegi set for meeting with USTR Lighthizer

On Monday, Toshimitsu Motegi, the Japanese Economy Minister, stated he was set for a meeting with Robert Lighthizer, the US Trade Representative, on August 1 in Washington.

Mon, 29 Jul 2019 08:35:16 GMT

LSE-Refinitiv deal seen to face long antitrust review

Blackstone Group is planning to announce the merger deal between its majority-held financial data company Refinitiv and the London Stock Exchange as soon as this week; however, the tie-up might face a long-lasting antitrust review, Reuters reported.

Mon, 29 Jul 2019 07:18:52 GMT

BlackRock seeks to acquire US Cofense

BlackRock has entered advanced talks to sign a takeover deal with Cofense, the US cyber security company, after the US national security panel called on Pamplona Capital Management to sell a stake in the firm, according to Reuters.

Mon, 29 Jul 2019 06:03:46 GMT

Ratcliffe to become new US Spy Chief

On Sunday, the US President Donald Trump stated he would select the Representative John Ratcliffe as a nominee for the role of a new US Spy Chief, to replace the current head of the national intelligence Dan Coats.

Mon, 29 Jul 2019 05:36:59 GMT

US-China trade negotiators shift to Shanghai

Trade negotiators of the United States and China have moved to Shanghai this week to hold their first in-person negotiations since the G20 truce that took place last month, as two countries are struggling to resolve the dispute over their trade war.

Mon, 29 Jul 2019 04:34:40 GMT

SoftBank Group to make $2.0B investment into Grab

On Monday, Masayoshi Son, Japan's SoftBank Group CEO, stated that the company would invest $2.0B in the ride-hailing app Grab, helping the Southeast Asian tech firm to set up its second headquarters in Jakarta.

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