News

Note: This section contains information in English only.
Tue, 23 Apr 2019 10:09:07 GMT

China regulates rocket industry

The Chinese government on Tuesday announced that it will soon publish rules that would regulate the commercial rocket manufacturing industry, launches and test flights.

Tue, 23 Apr 2019 10:08:27 GMT

Federal Reserve publishes GDP forecast

On Tuesday, the Atlanta Federal Reserve published its US GDP model's results. The model indicates that US GDP should have grown from 2.2 to 3.4 percent during the last quarter.

Tue, 23 Apr 2019 09:37:48 GMT

Sainsubry, British Land sell 12 Superstores properties

On Tuesday, British Land Company and its JV partner Sainsbury conducted a sale of 12 Superstores properties worth £429M to the US-based Realty Income Corp.

Tue, 23 Apr 2019 08:26:04 GMT

France's Casino sells its portfolio to Apollo Global

On Monday, the French retailer Casino agreed to sell its 20 Casino supermarkets and 12 hypermarkets portfolio to Apollo Global Management, the US asset management company, in a deal valued at about €470M.

Tue, 23 Apr 2019 08:01:17 GMT

DouYu plans $500M worth US IPO

DouYu International Holding, the Tencent-backed live-streaming firm, has filed for an initial public offering in the United States of up to $500M, seeking to expand its footprint in the US market.

Tue, 23 Apr 2019 06:55:23 GMT

ExxonMobil signs 20-year LNG pact with Zhejiang Energy

Exxon Mobil has inked a 20-year agreement with China's Zhejiang Energy to supply the Chinese company the liquefied natural gas, as the US gas and oil giant seeks to expand its footprint in China.

Tue, 23 Apr 2019 06:51:09 GMT

US likely to approve T-Mobile-Sprint tie-up

Senior executives of Sprint and T-Mobile filed the case to the US officials in Washington, calling on them to approve the planned merger between the wireless companies, claiming the new group would try to have "aggressively lower prices".

Tue, 23 Apr 2019 06:38:50 GMT

Luckin to attract up to $800M in US IPO

Starbucks' Chinese rival Luckin Coffee filed for an initial public offering in the United States on Monday, seeking to raise about $500-$800M, sources close to the matter said.

Tue, 23 Apr 2019 04:43:33 GMT

US Dollar surges on Tuesday

On Tuesday, the US Dollar surged against most of its peers, as the US financial institutions returned to work after Easter holidays.

Tue, 23 Apr 2019 04:43:04 GMT

Japan comments on Iranian oil waivers

On Tuesday, Japanese officials announced that the US decision to no longer allow various countries to import Iranian oil will not hurt the Japanese economy.

Tue, 23 Apr 2019 04:34:43 GMT

US ends Iranian oil import waivers

On Monday, the US government announced that countries, which previously were allowed to buy Iranian oil, can no longer do so starting from May 1.

Tue, 23 Apr 2019 04:34:16 GMT

Asian stock indices surge

On Tuesday, the Asian stock market indices surged. The only exception was the Chinese stock market, which experienced a slight decline.

Tue, 23 Apr 2019 03:30:43 GMT

Asiana Airlines to get $1.4B support from creditors

South Korea's creditors are expected to provide $1.40B in financial aid to debt-laden Asiana Airlines, the country's Finance Minister stated, alleviating liquidity problems.

Tue, 23 Apr 2019 03:28:05 GMT

Whirlpool's profit beats amid price hikes

Appliances maker Whirlpool beat analysts' forecasts for quarterly profit, fuelled higher prices to counter an increase in raw material and freight costs.

Mon, 22 Apr 2019 20:32:36 GMT

Herman Cain decides not to join Fed's board

The US President Donald Trump stated on Monday that Herman Cain has decided to stop seeking a place in the Fed's board amid resistance in the Republican party.

Mon, 22 Apr 2019 20:29:16 GMT

USTR to have new general counsel

The US Trade Representative Robert Lighthizer stated on Monday that General Counsel Stephen Vaughn would leave the White House and give his post to lawyer Joseph Barloon.

Mon, 22 Apr 2019 19:30:12 GMT

Petrobras reconsiders policy towards whistleblowers

The Brazilian oil giant Petrobras Petroleo Brasileiro SA stated on Monday that it was reviewing its attitude towards whistleblower complaints amid a scandal with traders accused of corruption.

Mon, 22 Apr 2019 19:25:37 GMT

Tesla shows its car chip

On Monday, the head of AutoPilot Pete Bannon presented and explained technical details of a chip used in Tesla's self-driving cars, thus trying to show that investments in this product would pay off.

Mon, 22 Apr 2019 18:01:46 GMT

Samsung plans to delay Galaxy Fold smartphone release

Samsung Electronics Ltd announced on Monday that it would delay the release of its Galaxy foldable handset after reviewers reported defective samples.

Mon, 22 Apr 2019 18:01:37 GMT

Cain withdraws from Fed consideration

On Monday, the US President Donald Trump announced that Herman Cain has withdrawn from the consideration for a position on the US Federal Reserve board of governors.

Mon, 22 Apr 2019 16:26:31 GMT

Oil price rises amid US stance on Iran

Crude oil prices rose by 2.9% on Monday, reaching $65.87 per barrel, as the US announced its plans to revoke waivers on import of Iranian oil.

Mon, 22 Apr 2019 16:23:37 GMT

Kraft Heinz to replace CEO

Kraft Heinz stated on Monday that it would replace its current CEO Bernardo Hees with the Anheuser-Busch InBev's head of marketing Miguel Patricio.

Mon, 22 Apr 2019 15:23:05 GMT

US house sales drop in March

The National Association of Realtors reported on Monday that sales of houses in the US dropped by 4.9% in March, which is 1.1% more that the experts' forecasts.

Mon, 22 Apr 2019 15:19:49 GMT

Turkey slams US attitude towards Iranian oil

The Foreign Minister of Turkey Mevlut Cavusoglu stated on Monday that a decision made by the US to revoke waivers on imports of Iranian crude oil would not benefit regional stability.

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