News

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Thu, 13 Dec 2018 19:27:16 GMT

US government posts $205B deficit last month

The US federal government ran a $205B deficit in the month of November, according to the Treasury Department's report on Thursday, while analysts expected a $188B deficit for the period.

Thu, 13 Dec 2018 19:24:02 GMT

YouTube takes down 58M videos

YouTube took down around 58M videos and 224M comments over the third quarter due to violations of its policies, the company stated, aiming to demonstrate its progress in combating problem content.

Thu, 13 Dec 2018 18:34:22 GMT

Qualcomm to file suits to ban sales of iPhone XR, XS

Chipmaker Qualcomm was asking Chinese courts to ban sales of Apple's latest iPhone models XR and XS, as it won a preliminary injunction over older models, it confirmed on Thursday.

Thu, 13 Dec 2018 18:31:25 GMT

Standard Chartered lay off more than 200 jobs in India

Standard Chartered laid off more than 200 jobs in India in the company's retail banking division, as customers moved to digital services, a source familiar with the matter stated.

Thu, 13 Dec 2018 17:04:23 GMT

Google rolls out AI project for diabetic eye disease in Thailand

Google launched Thailand's artificial intelligence programme to screen for a disease of diabetic eye that leads to permanent blindness, the tech giant announced on Thursday.

Thu, 13 Dec 2018 17:04:14 GMT

Iceland's WOW airline to cut 111 jobs, trim fleet

WOW air, Iceland's low-cost carrier, which entered talks with the US private equity firm Indigo Partners over a possible investment, announced on Thursday it was set to slash 111 jobs and cut its fleet to eleven aircraft.

Thu, 13 Dec 2018 16:28:30 GMT

UniCredit head views no merger deal until 2021

Jean Pierre Mustier, Italy's UniCredit Chief Executive Officer stated he did not view any merger deal with another bank, at least until the end of 2021.

Thu, 13 Dec 2018 16:24:00 GMT

GE's digital arm plans majority stake sale in ServiceMax

On Thursday, General Electric stated that its digital arm was set to sell the majority stake in the cloud-based software provider ServiceMax, to the technology-focused PE group Silver Lake.

Thu, 13 Dec 2018 15:20:26 GMT

EU slashes Deutsche Telekom's antitrust fine

The second-largest court of Europe on Thursday has trimmed the EU antitrust fine imposed on Deutsche Telekom in 2014 by a third to €19M.

Thu, 13 Dec 2018 15:14:54 GMT

Hackers steal data from France's foreign ministry webpage

On Thursday, the French foreign ministry stated the hackers had stolen important data from its website, created for the country's citizens travelling abroad.

Thu, 13 Dec 2018 13:28:56 GMT

Chrysaor looks at Chevron's UK North Sea assets

Chrysaor, the PE-backed oil company, selected advisers before entering the talks to acquire Chevron's British North Sea gas and oil fields for more than $2.5B.

Thu, 13 Dec 2018 13:20:41 GMT

Soda can maker Ball plans China packaging facilities sale

On Thursday, the soda can producer Ball Corp stated it was planning to sell the Chinese beverage packaging facilities for around $225M.

Thu, 13 Dec 2018 11:34:55 GMT

Vietnam's ride-sharing app "be" to launch operations next week

Vietnam's newest ride-sharing app "be" stated on Thursday it had signed "hundreds of millions US dollars" of investments ahead of launching its operations starting the next week.

Thu, 13 Dec 2018 11:29:12 GMT

Japan Post to take 7-8% stake in US insurer Aflac

On Thursday, Nikkei reported that Japan Post Holdings will acquire a 7-8% stake in the US insurer Aflac in a deal valued at about $2.6B, as the company seeks overseas expansion.

Thu, 13 Dec 2018 10:16:33 GMT

Apple to construct new campus worth $1.0B in Texas

Apple is set to make an investment of $1.0B to establish the second campus in Texas, while another $10B will be invested into new data centres within the following five years, as the tech giant seeks creating 20K new jobs in US.

Thu, 13 Dec 2018 10:12:11 GMT

Elliott asks Pernod Ricard for €500M cost cuts

Elliott Management, the activist hedge fund, has required Pernod Ricard's board for $500M cost cuts to help bolster the company's operating performance.

Thu, 13 Dec 2018 08:55:53 GMT

Trussardi owners nearing stake deal with Quattro R

The Investment fund Quattro R is nearing a deal with the Trussardi owners to acquire a 80% stake in Italy's fashion house, according to a Il Sole 24 Ore newspaper's report published on Thursday.

Thu, 13 Dec 2018 08:52:40 GMT

Total agrees to sell 4% of Ichthys LNG for $1.6B

France's energy group Total has agreed on a 4% stake sale of its Australia's liquified natural gas project Ichthys to the company's partner INPEX in a deal worth $1.6B, after cost over-runs.

Thu, 13 Dec 2018 08:09:12 GMT

Indonesia's Bayan completes $163.7M acquisition of Kangaroo Resources

Indonesia's coal miner Bayan Resources completed the buy-back of its Kangaroo Resources unit, in a deal valued at $163.7M, according to the IDX filing published on Wednesday.

Thu, 13 Dec 2018 08:05:27 GMT

GPSC appeal to acquire Glow Energy dismissed by Thai regulator

On Thursday, a Thai regulator stated it had dismissed the appeal filed by Global Power Synergy Corporation to acquire Glow Energy's stake from France's Engie, saying it would trim competition in the market.

Thu, 13 Dec 2018 07:39:19 GMT

Norfolk Southern to shift HQs to Atlanta

On Wednesday, Norfolk Southern announced it would move its headquarters from Virginia to Atlanta, tapping the major hub for a transportation.

Thu, 13 Dec 2018 07:37:28 GMT

Mondelez agrees on its Middle East cheese unit sale

Mondelez International has agreed on a sale of its Middle East's cheese business to Denmark's dairy company Arla Foods, not disclosing the financial terms of the deal.

Thu, 13 Dec 2018 05:52:34 GMT

Indonesia's FDI falls to $11B-$13B this year

Incoming FDI to Indonesia is anticipated to be around $11B to $13B in 2018, which is below the average of $20B per year in the prior periods, a senior official stated.

Thu, 13 Dec 2018 05:50:07 GMT

Lazada appoints Pierre Poignant as new CEO

Lazada Group, Southeast-Asia's e-commerce firm backed by Alibaba, appointed Pierre Poignant as the company's new Chief Executive Officer on Thursday within succession planning.

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