News

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Fri, 18 Oct 2019 15:06:34 GMT

Indonesia launches international aid agency

On Friday, Indonesia launched a new agency for international development. The main objective of the agency was to provide development aid or disaster relief to smaller countries.

Fri, 18 Oct 2019 13:51:02 GMT

Austria's AMS shares drop 5% on renewed Osram bid

On Friday, Austria's AMS shares plunged almost 5% on a Bloomberg report that the sensor maker was set to launch talks over renewed offer for Osram, after it failed in its first attempt.

Fri, 18 Oct 2019 13:11:37 GMT

Coca-Cola reports better-than-expected quarterly revenue

On Friday, Coca-Cola reported its quarterly revenue beat Wall Street's estimates, driven by robust demand for Coca-Cola Plus Coffee and zero-sugar sodas.

Fri, 18 Oct 2019 12:01:26 GMT

American Express profit up 6%

American Express Co announced on Friday a 6% growth of its Q3 profit amid higher consumer spending.

Fri, 18 Oct 2019 11:11:37 GMT

China purchases soybeans in Brazil

According to sources familiar with the matter, Chinese traders continued to purchase Brazilian soybeans this week, despite the deal concluded with the US farmers.

Fri, 18 Oct 2019 10:02:58 GMT

Japan evaluates positive effect from US trade deal

The Japanese government stated on Friday that bilateral trade deal with the US could add 0.8% to GDP growth over the next 10-20 years.

Fri, 18 Oct 2019 09:09:18 GMT

Remy Cointreau reports lower cognac sales

The French spirits producer Remy Cointreau stated on Friday that unceasing protests in Hong Kong have negatively affected its cognac sales in Q2.

Fri, 18 Oct 2019 08:03:56 GMT

Japan's core consumer inflation hits 2-1/2-year low

The Japanese nationwide core consumer price index slowed to nearly two-and-half years low in September. The decline was attributed to sliding energy prices.

Fri, 18 Oct 2019 06:41:29 GMT

Kudlow sees momentum for initial phase of trade deal with China

On Thursday, Larry Kudlow, the White House senior economic adviser, said that there was momentum to finalise the initial phase of a trade deal with China.

Fri, 18 Oct 2019 06:06:19 GMT

China hopes to reach phased agreement with US

On Thursday, China's Ministry of Commerce spokesperson Gao Feng said that Beijing hoped to reach a phased trade pact with the US very soon.

Fri, 18 Oct 2019 04:57:30 GMT

Ford, Volkswagen and Amazon team up to build EV charging network

On Thursday, Ford Motor announced that it was partnering with Amazon.com and Volkswagen AG to build electric vehicles charging network in North America.

Fri, 18 Oct 2019 04:01:34 GMT

VW gets extra time to comply with diesel settlement terms

Volkswagen announced on Thursday that the US DOJ and its independent compliance auditor have approved a request from the company for extra time to comply with the diesel settlement terms.

Fri, 18 Oct 2019 03:01:17 GMT

Pence says ceasefire agreed in Syria

On Thursday, the US Vice President Mike Pence announced that he had agreed on a deal with the Turkish President Recep Tayyip Erdogan for a ceasefire in northeast Syria.

Fri, 18 Oct 2019 02:19:05 GMT

Fitbit partners with Bristol-Myers Squibb

On Thursday, the Bristol-Myers Squibb-Pfizer Alliance and Fitbit Inc announced that they are working together to develop a method to detect and understand heart rhythm irregularities.

Thu, 17 Oct 2019 18:54:59 GMT

UK and EU strike new Brexit deal

On Thursday, the United Kingdom has agreed on a last-minute Brexit deal with the European Union. However, the PM Boris Johnson faces a major challenge getting it approved by the UK Parliament.

Thu, 17 Oct 2019 17:51:53 GMT

Pence says ceasefire agreed in Syria

On Thursday, the US Vice President Mike Pence announced that he had agreed on a deal with the Turkish President Recep Tayyip Erdogan for a ceasefire in northeast Syria.

Thu, 17 Oct 2019 17:02:37 GMT

Fitbit in partnership with Bristol-Myers Squibb

On Thursday, the Bristol-Myers Squibb-Pfizer Alliance and Fitbit Inc announced that they are working together to develop a method to detect and understand heart rhythm irregularities.

Thu, 17 Oct 2019 15:41:48 GMT

Samsung vows to fix S10 fingerprint recognition issue

On Thursday, Samsung Electronics promised it would launch a software patch soon to resolve the fingerprint recognition issue on the smartphone maker's Galaxy S10 flagman.

Thu, 17 Oct 2019 14:53:00 GMT

China grants manufacturing approval for Tesla

Tesla has received approval from the Chinese government on Thursday to start manufacturing its electric vehicles in China, the Ministry of Industry and Information Technology reported.

Thu, 17 Oct 2019 14:30:13 GMT

Honeywell falls short of estimates for quarterly revenue

On Thursday, Honeywell International Inc reported its quarterly revenue missed Wall Street estimates, triggering a trim of the diversified manufacturer's full-year sales forecast.

Thu, 17 Oct 2019 12:56:19 GMT

Nestle plans to revamp waters business

The food group Nestle is planning to return back up to $20.13B to shareholders within the following three years and revamp the struggling waters business, as organic sales growth dropped in the Q3.

Thu, 17 Oct 2019 11:42:52 GMT

Britain signs last-minute Brexit deal with EU

On Thursday, Britain has signed its Brexit deal with the EU bloc, however, the Prime Minister Boris Johnson still faced the Parliament challenge to receive an approval, Reuters reported.

Thu, 17 Oct 2019 10:26:28 GMT

WeWork owner form committee over financing lifeline

The We Company, the owner of WeWork, has established a committee of a special board to explore offers for a $5B financing lifeline from SoftBank Group Corp, the company's largest shareholder, and JPMorgan Chase, its main lender.

Thu, 17 Oct 2019 08:48:14 GMT

Australia's CB reports 18% jump in 2018/19 profit

Australia's Central Bank reported its net profit rose 18% during the last financial year, as lender's foreign reserves were bolstered by the local currency's sharp depreciation, according to its annual report released on Thursday.

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