News

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Sat, 29 Aug 2020 20:15:20 GMT

China's industrial firms recover

According to the National Bureau of Statistics, the largest Chinese industrial companies continued to recover in July showing 8.1% growth rate.

Sat, 29 Aug 2020 19:11:27 GMT

Chinese camakers' profit down 5.9%

According to the China Association of Automobile Manufacturers, the country's car production sector in the first half of the year declined 5.9% to $36.5B.

Sat, 29 Aug 2020 18:12:04 GMT

China to test online LNG trading

On Friday, the Shanghai Petroleum and Natural Gas Exchange launched online platform for LNG trading in test mode.

Sat, 29 Aug 2020 16:43:24 GMT

WH suggests $1.3 trillion COVID-19 relief bill

The White House Chief of Staff Mark Meadows said on Friday that President Donald Trump is ready to sign a $1.3 trillion COVID-19 aid bill.

Sat, 29 Aug 2020 16:02:45 GMT

Suga emerges as favourite to replace Japan's Abe

According to the Sophia University political science professor Koichi Nakano, Japan's Chief Cabinet Secretary Yoshihide Suga is likely to become the next Prime Minister of Japan.

Sat, 29 Aug 2020 14:25:12 GMT

Japan's LDP to pick new PM around September 15

According to Kyodo news agency report published on Saturday, the Japanese ruling Liberal Democratic Party would pick Prime Minister Shinzo Abe's replacement around September 15.

Sat, 29 Aug 2020 13:44:48 GMT

Canada finalises 737 MAX flight tests

Canada has completed the flight tests of Boeing's 737 MAX aircraft, after the jets had been grounded worldwide due to two deadly crashes, and is analysing the results, according to the Transport Ministry.

Sat, 29 Aug 2020 12:52:32 GMT

MGM to lay off 18K US jobs

MGM Resorts International announced to its staff it was set to lay off 18K furloughed workers in the US due to the coronavirus-caused travel curbs that hurt its operations.

Sat, 29 Aug 2020 12:27:03 GMT

Trump Hotel's operator files for Chapter 11

TA Hotel Management, the operator of the Trump International Hotel located in Vancouver, filed for bankruptcy earlier this week, as the coronavirus pandemic harmed its financial hardship and revenue.

Sat, 29 Aug 2020 11:35:15 GMT

Triller, Centricus make $20B bid for TikTok assets

Triller's executive chairman announced the firm had made a $20B bid with the investment company Centricus Asset Management for the rival TikTok's assets, which China's ByteDance was planning to divest.

Sat, 29 Aug 2020 10:36:23 GMT

Japanese ruling party to pick PM in two weeks

The ruling Liberal Democratic Party is expected to choose Shinzo Abe's successor for the post of Japan's Prime Minister on September 15.

Sat, 29 Aug 2020 09:18:35 GMT

Suga likely to replace Abe

According to sources familiar with the matter, Yoshihide Suga, the Chief Cabinet Secretary of the Japanese government, is likely to become the country's next Prime Minister.

Sat, 29 Aug 2020 08:36:14 GMT

Zuckerberg comments on militia page

Facebook Inc's Chief Executive Officer Mark Zuckerberg on Friday responded to critics of inability to delete the milita's page that called to arms in Wisconsin saying it was an operational mistake of the system.

Sat, 29 Aug 2020 07:02:44 GMT

Fredriksen appoints hedge fund manager

Norwegian-born shipping tycoon John Fredriksen has named Tor Andre Svelland, the head of UK-based hedge fund Svelland Capital, as the CEO of Seatankers Group.

Sat, 29 Aug 2020 06:02:55 GMT

Boeing seeks to increase Black US employees

On Friday, Boeing's CEO Dave Calhoun said in a memo that the company is planning to increase black employees in the United States by 20%.

Sat, 29 Aug 2020 05:01:05 GMT

Germany to revise economic growth forecast

According to a source with knowledge of the matter, Germany's Economy Minister Peter Altmaier is scheduled to revise up its 2020 GDP forecast.

Sat, 29 Aug 2020 04:06:25 GMT

Beximco signs COVID-19 vaccine deal with Serum

The Bangladeshi Beximco Pharmaceuticals has signed a coronavirus vaccine deal with India's Serum Institute, Beximco said in a statement on Friday.

Sat, 29 Aug 2020 03:01:09 GMT

Yum China files for listing in Hong Kong

On Friday, Yum China applied for Hong Kong secondary listing to decrease risks from the US-China trade tensions.

Sat, 29 Aug 2020 01:37:31 GMT

S&P 500 edges higher on Friday

The S&P 500 extended its gains for the sixth consecutive trading sessions on Friday. The S&P index has posted 12 new 52-week highs and no new lows.

Fri, 28 Aug 2020 19:41:55 GMT

Yum China plans Hong Kong listing debut

Yum China Holdings applied for the Hong Kong secondary listing, seeking to mitigate risks amid the escalation of tensions between the United States and China, prompting some Chinese companies to list closer to their home.

Fri, 28 Aug 2020 18:42:51 GMT

Firms plan restructuring after pandemic

Companies seek restructuring in the following months to secure their post-coronavirus future on the back of the world emerging from the pandemic-caused crisis and eased measures.

Fri, 28 Aug 2020 17:41:35 GMT

Germany plans revising up 2020 GDP outlook

Germany's government is planning to revise up its 2020 economic growth outlook, aiming to lees than 6% decline from the prior forecast of -6.3%, according to Reuters.

Fri, 28 Aug 2020 16:43:11 GMT

UAL preps for largest pilot layoffs

United Airlines is getting ready for the biggest pilot job cuts in the carrier's history, seeking to furlough 2,850 pilots in the current year, which is around 21% of its total.

Fri, 28 Aug 2020 15:41:13 GMT

Japan Display plans screen plant sale

Japan Display has agreed on its smartphone screen plant sale to Sharp Corp in a deal valued at $390M, attracting funds to repay the debt the company owes Apple for the factory construction costs.

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