News

Note: This section contains information in English only.
Tue, 13 Nov 2018 19:17:32 GMT

Singaporean PM asks ASEAN members to pursue economic integration

The Singaporean Prime Minister Lee Hsien Loong asked members of the Association of Southeast Asian Nations to continue to pursue economic integration.

Tue, 13 Nov 2018 17:27:16 GMT

Qorvo added to other Apple suppliers in cutting forecast

Apple supplier Qorvo cut its forecast for profit, revenue in the Q3, joining suppliers to Apple, which were warned of earnings hit amid lower demand from the main customer.

Tue, 13 Nov 2018 17:26:00 GMT

Spain to ban sale diesel cars, petrol from 2040

Spain considered plans to propose ban on petrol, diesel and hybrid car sales from 2040, government sources stated, joining countries aiming to help to diminish greenhouse gas emissions.

Tue, 13 Nov 2018 16:13:35 GMT

Zotye to sell SUVs in US in 2020

Zotye Automobile, the company partnering with Ford Motor in China, announced plannes to begin selling its SUVs in the US in the year of 2020.

Tue, 13 Nov 2018 16:11:14 GMT

New Vodafone CEO to diminish costs, make more masts

Vodafone's new CEO stated that he is set to cut costs and seek the value of its towers and masts' maximization to enocurage higher returns at the company after taking charge last month.

Tue, 13 Nov 2018 15:37:44 GMT

EU offers visa-free visits for Britons after UK exit

The European Union has made a proposal on Tuesday to allow Britons to travel to the bloc with no visas after the Brexit process is finished.

Tue, 13 Nov 2018 15:28:16 GMT

Amazon to build new HQs in Virginia, NYC

On Tuesday, Amazon.com stated it had selected Northern Virginia and the New York City to establish new headquarters worth about $5.0B for up to 25K people.

Tue, 13 Nov 2018 14:36:10 GMT

Boeing posts rise in 737 jet deliveries amid strong demand

Boeing reported on Tuesday its 737 single-aisle aircraft deliveries surged to 43 in October, compared to 37 jets year ago, driven by a higher demand in the plane market.

Tue, 13 Nov 2018 14:32:24 GMT

Brookfield acquires power business from Johnson Controls

Johnson Controls is planning a sale of the company's power solutions business to the investment company Brookfield Business Partners in an all-cash deal valued at $13.2B.

Tue, 13 Nov 2018 13:38:53 GMT

GE plans part of Baker Hughes stake sale

General Electric is planning to sell a part of a stake in the oilfield services supplier Baker Hughes, as it sought to lift repay and cash debt.

Tue, 13 Nov 2018 13:35:05 GMT

HollyFrontier to acquire Sonneborn in $655M deal

On Tuesday, the US oil refiner HollyFrontier stated it was set to acquire the privately-owned specialty hydrocarbons producer Sonnerborn in a $655M cash-deal.

Tue, 13 Nov 2018 12:36:05 GMT

Home Depot beats sales forecasts, raises annual estimates

On Tuesday, Home Depot beat Wall Street's expectations for its quarterly sales and boosted its annual forecast, sending the retailer's shares up 2.3% to $180.50.

Tue, 13 Nov 2018 12:05:14 GMT

Tencent's China travel firm cuts HK IPO on weak markets

Tongcheng-Elong, the Chinese travel company backed by Tencent Holdings, has launched a lower-than-expected IPO in Hong Kong of about $233M on Tuesday, due to a sluggish stock market.

Tue, 13 Nov 2018 10:54:45 GMT

European stock markets surge on Tuesday

During the first half of Tuesday's trading session the European stock indices surged. Financial media announced that the surge has been caused by trade talk hopes.

Tue, 13 Nov 2018 10:54:12 GMT

Theresa May's deputy announces possible Brexit deal

The de facto deputy of Theresa May on Tuesday announced that the United Kingdom and the European Union might reach a Brexit deal in the next two days.

Tue, 13 Nov 2018 10:38:20 GMT

Tata considers acquiring controlling stake in Jet Airways

India's Tata Sons has entered active talks to take a majority stake in the local carrier Jet Airways in a deal that could potentially rescue the debt-laden airline.

Tue, 13 Nov 2018 10:34:45 GMT

Sobi acquires AstraZeneca infant drug's rights for $1.5B

Sweden's Orphan Biovitrum is set to acquire the US rights to AstraZeneca's infant lung infection treatment in a deal valued at $1.5B upfront.

Tue, 13 Nov 2018 09:39:32 GMT

Raboank looks at US retail, wealth operations sale

Rabobank, the Dutch cooperative lender, is considering to sell its retail and wealth operations business in the US for about $1.0B, sources reported o Tuesday.

Tue, 13 Nov 2018 09:37:00 GMT

Kellogg considers fruit snacks, cookies business sale

On Monday, Kellogg announced it would reorganise its division in North America, thinking over a possible sale of its fruit snacks and cookies unit that included such brands as Stretch Island and Keebler.

Tue, 13 Nov 2018 05:43:30 GMT

Mike Pence will negotiate bilateral trade with Japan

On Tuesday, it was announced by the US government that the Vice President of the US Mike Pence will negotiate a bilateral trade deal with Japan.

Tue, 13 Nov 2018 05:42:51 GMT

US stocks lose value due to Federal Reserve

US stock market indices lost value on Monday, as it was announced that the Federal Reserve is not only expected to hike interest rates in December, but also two additional hikes are expected by mid-2019.

Tue, 13 Nov 2018 05:31:13 GMT

US Dollar reaches a sixteen month high level

On Tuesday, the US Dollar touched a sixteen month high level against a basket of currencies. Financial media named a global economic slowdown shown by lower than forecast earnings reports as the main reason for the event.

Tue, 13 Nov 2018 05:30:17 GMT

Asian stock prices gain value

On Tuesday morning Asian stock indices surged higher. The surge of stock values was mainly attributed to the fact that a top Chinese trade delegation was preparing to visit the US.

Tue, 13 Nov 2018 04:12:11 GMT

Visa: Britain's consumer spending sinks in October

The UK consumers constrained spending last month, payments company Visa stated, adding to signs that the country's economy was on track for weaker expansions in the final months of 2018.

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