News

Note: This section contains information in English only.
Tue, 30 Jan 2018 09:28:47 GMT

GM set to launch 15 redesigned models in China

General Motors is planning to introduce 15 new and redesigned car models in China later this year, as the carmaker seeks to strengthen its sales momentum in the automobile market.

Tue, 30 Jan 2018 08:32:43 GMT

Japanese Renesas dispels rumours on buying Maxim

Japan's Renesas Electronics on Friday disproved it had considered buying the US chipmaker Maxim Integrated Products, following a media report by CNBC that claimed a deal was already valued at $20B.

Tue, 30 Jan 2018 08:29:06 GMT

Waymo, Fiat Chrysler expand deal for automotive ride-hailing taxi

Fiat Chrysler is eager to provide Waymo with its Pacifica hybrid minivans amid Alphabet's unit expansion into the public ride-hailing service that is expected to be launched later this year.

Tue, 30 Jan 2018 07:10:45 GMT

Blackstone consider buying majority stake in Reuters' unit

The US private equity firm Blackstone is negotiating a purchase of about 55% stake in Thomson Reuters' Financial and Risk unit that could value a business at around $20B including debt.

Tue, 30 Jan 2018 07:07:15 GMT

SAP America plans to acquire Callidus for $2.4B

On Monday, Germany's business software company SAP announced its unit SAP America would acquire a cloud-based HR software firm Callidus Software in a deal worth $2.4B.

Tue, 30 Jan 2018 05:51:44 GMT

British PM promises to hold frank trade talks with China this week

The British Prime Minister Theresa May assured that the UK would hold ‘frank discussions' with China later this week in an attempt to strengthen their bilateral trade relations.

Tue, 30 Jan 2018 05:51:26 GMT

India's Ola announces plan to enter Australia

The Indian ride-hailing firm Ola plans to enter the Australian market as of early 2018, thus providing competition to its US rival Uber Technologies Inc.

Tue, 30 Jan 2018 05:22:24 GMT

Qualcomm to settle first fine instalment with Taiwan

The US-based chipmaker Qualcomm Inc is set to make its first instalment of $13.35M for violating anti-trust rules, the Taiwan Fair Trade Commission told media on Tuesday.

Tue, 30 Jan 2018 05:14:44 GMT

P2P lending picks up speed in Indonesia

Peer-to-peer lending has increased popularity in Indonesia, as limited access to funds has created around $73B of financing shortage.

Tue, 30 Jan 2018 04:34:38 GMT

Japan retail sales grow 3.6% in December

The METI stated that Japan's retail sales expanded 3.6% year-on-year over the course of December, surpassing expectations for a 2.1% growth pace.

Tue, 30 Jan 2018 04:29:55 GMT

Australia's business confidence at 5-month high

The National Australia Bank stated that the country's Business Confidence Index rose to the strongest level in five months of 11 in December, following an upwardly revised 7 points in the prior month.

Mon, 29 Jan 2018 20:55:26 GMT

Lighthizer dismisses Canada's proposal to unblock NAFTA

The US Trade Representative Robert Lighthizer dismissed Canada's proposal to unblock NAFTA modernisation talks on Monday but said that the US would remain in negotiations.

Mon, 29 Jan 2018 20:51:54 GMT

Colombia holds off peace talks with ELN rebels due to bomb attacks

The Colombian President Juan Manuel Santos ceased peace talks with rebels on Monday in response to several bomb attacks over the weekend.

Mon, 29 Jan 2018 19:54:33 GMT

EU proposes Brexit transition deal under its conditions

The EU has proposed a post-Brexit transition deal that would grant the UK membership advantages for 21 months if new EU laws were not blocked during this period.

Mon, 29 Jan 2018 19:53:56 GMT

Ford gets approval to offer Chariot bus service in London

The British traffic regulator Transport for London approved on Monday Ford's request for a permission to operate its Chariot bus services in the city.

Mon, 29 Jan 2018 19:22:56 GMT

Amazon opens new Seattle rainforest office space

On Monday, the world's largest online retailer Amazon opened its first Seattle-based rainforest-like office space worth $4B.

Mon, 29 Jan 2018 19:05:43 GMT

France, Britain boycott Russia's congress on Syria

France and the United Kingdom reported on Monday that they would not attend next week's Syrian peace congress in Russia.

Mon, 29 Jan 2018 18:30:24 GMT

Lockheed Martin reports better-than-expected 2017 Q4 results

Lockheed Martin reported on Monday that its aeronautics sales surged 11.8% to $6.05B in the Q4 of 2017, beating analysts' expectations.

Mon, 29 Jan 2018 18:24:09 GMT

Apple drags Wall Street lower

Major US indexes dropped on Monday, easing from record levels hit last week, weighed down by a slump in Apple shares amid concerns over weaker demand for the iPhone X.

Mon, 29 Jan 2018 17:11:08 GMT

Mexican Finance Minsiter: NAFTA to be finalised soon

Mexico's Economy Minister Ildefonso Guajardo reported on Monday that the NAFTA renegotiation would be finalised soon.

Mon, 29 Jan 2018 17:07:40 GMT

Avon shareholders call for company sale

On Monday, shareholders of Avon, a manufacturer and marketer of beauty and related product, called on the Board to consider a possible sale of the company.

Mon, 29 Jan 2018 16:11:36 GMT

US personal spending climbs 0.4% in December

Official data released on Monday showed that personal spending increased 0.4% in December, after surging 0.8% in the preceding month, whereas analysts anticipated a 0.5% climb.

Mon, 29 Jan 2018 16:10:49 GMT

Core PCE rises in line with forecasts last month

The Bureau of Economic Analysis reported on Monday that its core PCE Price Index rose 0.2% in December, following the prior month's gain of 0.1% and meeting analysts' expectations.

Mon, 29 Jan 2018 15:34:59 GMT

EU's Tusk calls on Czech President for cooperation

On Monday, the EU leader Donald Tusk called on the Czech President Milos Zeman to cooperate with the bloc, after his re-election.

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