News

Note: This section contains information in English only.
Thu, 28 Mar 2019 04:24:39 GMT

China to cut levels of real interest rate

China is set to cut levels of the real interest rate and diminish financing costs for firms, the country's Premier Li Keqiang stated on Thursday.

Thu, 28 Mar 2019 04:20:34 GMT

ZTE shares up 14%

Shares of ZTE grew as much as 14% on Thursday after the firm forecast a profit up to $178.18M in the first quarter profit, as it recovered from the US sanctions.

Thu, 28 Mar 2019 03:39:17 GMT

UK car production falls 15% in February

The UK car production slumped an annual 15.3% last month amid a fall in demand in European and Asian markets, an industry body stated, as it warned over the damage a no-deal Brexit would do.

Wed, 27 Mar 2019 20:54:08 GMT

British Pound edges higher, as PM May offers to resign

On Wednesday, the British Pound edged higher after Prime Minister Theresa May offered to resign if her Brexit deal is passed.

Wed, 27 Mar 2019 20:53:59 GMT

Boeing set to release software update for 737 MAX

Boeing Co announced on Wednesday that it had reprogrammed the anti-stall system software on its Boeing 737 MAX jet.

Wed, 27 Mar 2019 19:53:07 GMT

Boeing plans to introduce safety feature standard on 737 MAX

On Wednesday, Boeing Co said in a statement that it would make a new safety feature standard on its 737 Max aircraft.

Wed, 27 Mar 2019 19:52:57 GMT

Global equity markets decline on Wednesday

World equity markets edged lower on Wednesday, pressured by signs of global economic slowdown and a decline in US Treasury yields.

Wed, 27 Mar 2019 18:56:23 GMT

May to resign when Brexit deal is passed

On Wednesday, the UK Prime Minister Theresa May said that she would step down as the Prime Minister, once her Brexit deal with the EU is done.

Wed, 27 Mar 2019 18:56:13 GMT

Trumps calls on Russia to get out of Venezuela

On Wednesday, the US President Donald Trump called on Russia to get out of Venezuela, following reports, that Russian military planes have arrived in the country.

Wed, 27 Mar 2019 18:14:56 GMT

British parliament looks for alternative to May's Brexit deal

On Wednesday, the UK Parliament tried multiple choice to Prime Minister Theresa May's Brexit agreement with the European Union.

Wed, 27 Mar 2019 18:12:35 GMT

J&J clears of liability in talc cancer lawsuit

On Wednesday, Johnson & Johnson was cleared of liability in talc cancer trial by a jury in Middlesex County Superior Court in New Jersey.

Wed, 27 Mar 2019 16:50:57 GMT

Ford to leave Russia's passenger car market

Ford Sollers, the Russian joint venture owned by Ford Motor, is set to shut down an engine plant and two assembly factories in Russia, leaving the country's passenger car market.

Wed, 27 Mar 2019 16:50:49 GMT

Unilever to acquire France's Garancia

Unilever, the consumer goods giant, has proposed a binding offer to acquire the French cosmetics and skincare brand Garancia, it announced on Wednesday, expanding its premium beauty products portfolio.

Wed, 27 Mar 2019 16:34:20 GMT

Auto1 explores IPO option for future

Auto1, Germany's used-vehicle dealing platform, stated it could possibly consider an initial public offering for the future, but it currently had no need for additional funding of its EU growth plans.

Wed, 27 Mar 2019 16:00:42 GMT

Singapore Exchange takes 20% stake in FX platform

Singapore Exchange has acquired a 20% stake in BidFX, the platform for foreign exchange trading, in a deal worth $25M, including an option to take a controlling interest in the firm.

Wed, 27 Mar 2019 15:16:17 GMT

Ericsson customers raise concerns over 5G discussions

On Wednesday, Ericsson stated that discussions over the 5G network security caused worries among the company's customers, as its main Chinese rival Huawei was facing the allegations of its gear used for spying.

Wed, 27 Mar 2019 14:56:42 GMT

Sweden launches search of Swedbank head office

Swedish authorities have launched a search of the Swedbank head office this Wednesday on the back of an inquiry into the lender's handling of allegations of money laundering within its Baltic branches.

Wed, 27 Mar 2019 14:37:20 GMT

Google launches council to advise on tech, AI ethics

Alphabet's Google launched an advisory council globally to explore some ethical issues over artificial intelligence and various other technologies, pledging to release a report by this year's end.

Wed, 27 Mar 2019 14:32:16 GMT

Santander, Natura tie up over banking services

Banco Santander Brasil tied up with Natura Cosmeticos about offering banking services to cosmetics brands' sellers, seeking to provide 1M of them with digital checking accounts via Natura's online app.

Wed, 27 Mar 2019 13:39:30 GMT

Lufthansa seeks merging its LSG unit with peer

Lufthansa is planning to merge its EU operations of the LSG catering unit with a peer, asking potential bidders to propose their offers until April, as the company faces low margins in the competitive market, sources reported.

Wed, 27 Mar 2019 13:34:06 GMT

Centene to acquire rival WellCare for $15.27B

On Wednesday, the US health insurer Centene confirmed it would acquire its small rival WellCare Health Plans in a stock-and-cash deal worth $15.27B, amid Centene's intention to boost its healthcare business backed by the government.

Wed, 27 Mar 2019 12:38:15 GMT

Cromwell Property makes takeover offer for RDI Reit

On Wednesday, Australia's Cromwell Property confirmed it had approached the UK-listed RDI Reit over a potential takeover bid as it seeks expansion in Europe and Britain.

Wed, 27 Mar 2019 12:35:12 GMT

Casper to pick IPO underwriters

The US online mattress retailer Casper Sleep is planning to hire underwriters to help if with the company's initial public offering after it had been valued at $920M in the latest private round of fundraising in 2017.

Wed, 27 Mar 2019 11:21:34 GMT

Southwest cuts revenue forecast

Southwest airlines on Wednesday announced that the company is cutting its forecast for performance revenue measure. In simpler terms, the company expects smaller profits. The news are bound to decrease the stock value of the company.

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