News

Note: This section contains information in English only.
Tue, 19 Nov 2019 03:40:08 GMT

State Attorney General of New York investigates WeWork

On Monday, Reuters revealed that the State Attorney General of New York office is investigating WeWork.

Tue, 19 Nov 2019 03:33:45 GMT

US Congress questions Google and Ascension

The Energy and Commerce Committee of the US House of Representatives on Monday sent letters to Google and Ascension demanding briefings on patient data storage.

Mon, 18 Nov 2019 20:52:55 GMT

Warburg Pincus to sell Accelya to Vista

Warburg Pincus, the US buyout fund, is planning a sale of the EU airline services company Accelya to its rival private equity group Vista Equity Partners in a deal, which amount is not disclosed yet.

Mon, 18 Nov 2019 20:01:21 GMT

Alibaba to stop taking orders in HK listing

Alibaba is planning to close books from institutional investors for the Hong Kong $13.4B secondary listing earlier than expected as the Chinese group has attracted strong demand, Reuters reported.

Mon, 18 Nov 2019 18:50:38 GMT

Yandex offers revamp to allay Kremlin concerns

Russia's largest technology company Yandex made a proposal on Monday to set up a "public interest foundation", seeking to help oversee its business and allay Kremlin's fears over potential foreign influence.

Mon, 18 Nov 2019 18:10:30 GMT

HP shares fall amid Xerox bid rejection

On Monday, HP Inc shares dropped 5% after the PC maker rejected Xerox Holdings Corp's buyout offer, indicating it could make its own counter offer to acquire the US printer maker.

Mon, 18 Nov 2019 16:55:26 GMT

Scholz and Merkel reject demands for higher public spending

On Monday, Angela Merkel, the German Chancellor, and Finance Minister Olaf Scholz rejected demands made by the DGB labor union and the BDI industry to increase public spending.

Mon, 18 Nov 2019 16:03:15 GMT

US stocks ease from record levels

Wall Street's main indexes eased from its record levels on Monday. The DJI fell by 11.67 basis points at the opening bell, while the S&P 500 opened lower by 0.08%.

Mon, 18 Nov 2019 14:40:20 GMT

Air Arabia orders Airbus A320 jets

On Monday, Air Arabia stated that the firm would order 120 Airbus A320neo planes in a deal valued around $14 billion.

Mon, 18 Nov 2019 13:45:46 GMT

Johnson cancels tax cuts

On Monday, the Prime Minister of the United Kingdom Boris Johnson dropped corporate tax cuts. The decision was made to fund government spending prior to the upcoming election.

Mon, 18 Nov 2019 12:50:39 GMT

Head of Slovenian central bank comments on policy

The head of the Slovenian central bank Bostjan Vasle announced on Monday that the Euro Zone has become stable and stimulus is working.

Mon, 18 Nov 2019 12:00:13 GMT

SoftBank to create tech giant with Line, Yahoo Japan

Japan's SoftBank announced plans to merge app operator Line and internet unit Yahoo Japan to create a $30B tech giant, aiming to better compete to with Rakuten and the US tech powerhouses.

Mon, 18 Nov 2019 10:46:18 GMT

ByteDance to launch music subscription service

TikTok owner ByteDance was in talks with Sony Music, Universal Music and Warner Music for licensing deals to include their songs on the company's music subscription service.

Mon, 18 Nov 2019 10:26:23 GMT

Microsoft updates privacy provisions

Microsoft stated that it was updating the privacy terms of commercial cloud contracts. following European regulators' findings of deals with EU institutions failing to protect data in line with the law.

Mon, 18 Nov 2019 08:55:55 GMT

Chemezov says Russia's military sales not affected by sanctions

On Monday, Rostec's CEO Sergei Chemezov said that the Russian military sales have not been affected by sanctions imposed on the country by the United States.

Mon, 18 Nov 2019 07:55:59 GMT

Oil prices remain stable

On Monday, crude oil prices remained stable. Brent crude futures were at $63.30 a barrel at 05:12 GMT, unchanged from the previous trading session. The WTI crude futures were also unchanged at $57.72.

Mon, 18 Nov 2019 07:05:14 GMT

Khamenei supports gasoline price increase

Iran's Supreme Leader Ayatollah Ali Khamenei has supported the decision to increase gasoline price, a move that has sparked protests across the country.

Mon, 18 Nov 2019 06:08:48 GMT

Saudi Aramco does not plan to market IPO in US

According to sources with knowledge of the matter, Saudi Aramco would not market its Initial Public Offering in the United States.

Mon, 18 Nov 2019 04:54:30 GMT

Ethiopian Airlines undecided on Boeing MAX jets

Tewolde Gebremariam, Ethiopian Airline's CEO, stated on Sunday that the company has yet to decide on whether it would take delivery of its remaining order of Boeing 737 MAX jets.

Mon, 18 Nov 2019 03:51:32 GMT

Le Maire prefers car sector professional as Renault's next CEO

Bruno Le Maire, France's Finance Minister, stated on Sunday that he preferred a professional from the automobile industry to be the next CEO of Renault.

Mon, 18 Nov 2019 03:00:24 GMT

Saudi Aramco values at $1.7 trillion

Saudi Arabia's Aramco, the state-owned energy company, is worth about $1.7 trillion, falling short of the initial $2 trillion, targeted by the Saudi Arabian Crown Prince Mohammed bin Salman.

Sun, 17 Nov 2019 21:36:51 GMT

China to deepen audit cooperation with EU

China and the European Union plan to strengthen audit cooperation to promote cooperation under the Belt and Road Initiative, the Chinese Ministry of Finance reports.

Sun, 17 Nov 2019 20:02:16 GMT

Myanmar approves new investment projects

Myanmar has approved 8 new foreign investment projects with a total value of $232.21M, a report published by the Myanmar Investment Commission shows.

Sun, 17 Nov 2019 19:33:05 GMT

China home appliance sector grows

The Chinese home appliance sector expanded 5.9% to $13.4B in the first nine months of 2019, a report published by the Ministry of Industry and Information Technology shows.

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