News

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Fri, 25 Jan 2019 04:29:25 GMT

Chinese soybean imports from US lowest in ten years

China's soybean imports from the US dropped 99%t in December to 69.3K tons, customs data revealed, taking the full-year 2018 imports to the weakest level in ten years due to ongoing trade war.

Thu, 24 Jan 2019 21:07:08 GMT

Ad exchange OpenX signs $110M Cloud deal with Google

On Thursday, OpenX, the privately-owned ad software company, stated it had signed a five-year deal worth over $110M with Alphabet's Google to exploit the tech giant's cloud computing services.

Thu, 24 Jan 2019 21:06:56 GMT

Health insurers tie up with IBM over blockchain project

CVS Health's Aetna together with other health insurers have cooperated with IBM to establish a blockchain network, intending to cut costs in the industry of healthcare by using a technology that allows databases sharing across computer networks.

Thu, 24 Jan 2019 20:05:11 GMT

GM to make $22M investment in Tennessee plant

On Thursday, General Motors stated it would make an investment worth $22M into its Tennessee plant to manufacture fuel-efficient engines.

Thu, 24 Jan 2019 20:02:28 GMT

Ford to face $1.0B worth bill if no-deal Brexit

Ford might face a $1.0B worth bill, in case of Britain's withdrawal from the EU bloc with no deal, comprising the WTO tariffs and a weaker pound impact, according to a source familiar with the matter.

Thu, 24 Jan 2019 18:54:38 GMT

Levi Strauss, Harvard, New America enter blockchain tie-up

The US think tank called New America, Levi Strauss and Harvard University have tied up on a blockchain platform development to replace the factory safety and health outside auditors with a self-reporting system by employees.

Thu, 24 Jan 2019 18:54:28 GMT

NFE considers to try IPO shutdown workaround

New Fortress Energy is considering to attempt another way around to lunch an initial public offering amid partial shutdown of the US government, according to the Wall Street Journal.

Thu, 24 Jan 2019 18:03:05 GMT

South Africa's Absa scraps bid for Nigerian bankrupt

South Africa's Absa has walked away from acquiring the Nigerian bank, its CEO Maria Ramos stated on Thursday, clearing up a question on how the lender would execute the aggressive growth strategy.

Thu, 24 Jan 2019 18:02:53 GMT

Poland to exclude Huawei from 5G network plans

Poland announced on Thursday it had decided to eliminate China's Huawei from its plans on establishing 5G network in near future, following tech giant's employee arrest on spying suspicion.

Thu, 24 Jan 2019 16:56:12 GMT

Kuehne & Nagel walks away from Panalpina bid

Kuehne & Nagel International has left its mega-merger deal with Panalpina to Denmark's DSV with its approach for the company worth over $4.0B.

Thu, 24 Jan 2019 16:53:03 GMT

1&1, United Internet hold meeting on German 5G bid

On Thursday, two telecoms companies 1&1 and United Internet have held a meeting over participation in the German 5G license auction, which could potentially result in Germany's fourth network operation creation.

Thu, 24 Jan 2019 16:27:38 GMT

Bosch launches buyout of Daimler's stake in JV

Robert Bosch, the German auto supplier, announced on Thursday it bought out Daimler's stake in the joint venture called EM-Motive GmbH, which produced motors for hybrid and electric vehicles.

Thu, 24 Jan 2019 16:07:25 GMT

BP makes investment into China EV charging platform

On Thursday, BP stated it had made an investment into China's start-up PowerShare, a platform that connected electric car drivers to charging stations and assisted power suppliers with distribution balance.

Thu, 24 Jan 2019 15:36:16 GMT

US raises concerns over Indian restrictions hitting retailers

The US government have voiced concerns over India's new e-commerce restrictions, as they would hit the country's largest retailers Walmart and Amazon.com.

Thu, 24 Jan 2019 15:30:16 GMT

US shutdown to hit IPO market heavily

On Thursday, Morgan Stanley's CEO James Gorman stated the IPO market would have harmful consequences, if the American government's shutdown continued much longer.

Thu, 24 Jan 2019 13:58:46 GMT

Volvo's Polestar to potentially launch IPO in future

Volvo Cars stated on Thursday its electric car unit Polestar might launch an initial public offering in the future, but the owner had no plans for the company's listing now.

Thu, 24 Jan 2019 13:53:01 GMT

IAG has no plans to make new offer for Norwegian

On Thursday, the owner of British Airways, IAG, announced it had no plans to launch new bid for Norway's firm Norwegian Air Shuttle, considering to sell the rest of the company's stake.

Thu, 24 Jan 2019 13:38:04 GMT

Aramco looks for advisers for its SABIC debt financing

Saudi Aramco is looking for advisers to lead the process of its debt financing necessary for the stake acquisition in SABIC, banking resources said on Thursday.

Thu, 24 Jan 2019 13:35:38 GMT

Bombardier to purchase jet wing-making unit

Canada's Bombardier announced it would acquire Triumph Group's aircraft wing-making division, seeing to bolster its business jets programme, not disclosing financial terms of the deal.

Thu, 24 Jan 2019 12:25:22 GMT

Things Remembered to file for bankruptcy

The US gift retailer Things Remembered is getting ready to file for the Chapter 11 bankruptcy protection in the nearest future, closing about 400 stores across the country.

Thu, 24 Jan 2019 12:14:58 GMT

Vertex fires COO over "personal behaviour" violations

Vertex Pharmaceuticals fired Ian Smith, its interim Chief Financial Officer and Chief Operating Officer, due to "personal behaviour" that had violated the company's code of conduct.

Thu, 24 Jan 2019 10:50:18 GMT

US House panels send queries to Deutsche Bank

Deutsche Bank announced on Thursday that the bank has received inquiries from committees of the House of Representatives of the United States. The committees are asking for information about the bank's ties to the US President Donald Trump.

Thu, 24 Jan 2019 10:49:03 GMT

Euro declines before ECB announcement

On Thursday, the European Central Bank was about to make its first central bank's rate announcement at 12:45 GMT and host a press conference at 13:30 GMT. Before the event, the Euro was declining in value.

Thu, 24 Jan 2019 10:27:43 GMT

Gossamer launches risky IPO despite US shutdown

The biotech start-up Gossamer is set to launch a risky initial public offering, despite the US government shutdown, which froze stock market debuts, the company stated on Wednesday.

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