News

Note: This section contains information in English only.
Tue, 13 Nov 2018 02:58:35 GMT

Apple's Asian suppliers dropp due to weak iPhone sales fears

Shares in Asia's assemblers ans suppliers for Apple, including Hon Hai Precision and Pegatron, dropped amid profit warnings that indicated weakness in sales of iPhones.

Mon, 12 Nov 2018 21:30:05 GMT

Philippines FDI up 31% in 8 months

Foreign direct investment into the Philippines increased 31% to $7.4B from $5.7B in the first eight months of 2018, a government data shows.

Mon, 12 Nov 2018 21:29:04 GMT

Chinese VP meets MIT president

The Chinese Vice President Wang Qishan meets with the president of the Massachusetts Institute of Technology L. Rafael Reif in Beijing to discuss cooperation in the technology sector.

Mon, 12 Nov 2018 20:28:57 GMT

Kenya to earn $100M in 2018 from tax recovery

Kenya plans to earn $100M in 2018 from tax recovery, Edward Karanja, the senior assistant commissioner of Kenya Revenue Authority, says.

Mon, 12 Nov 2018 20:28:09 GMT

China, Fiji sign BRI memorandum

China and Fiji signed a memorandum of understanding on cooperation within the framework of the Belt and Road Initiative, the Chinese Ambassador to Fiji Qian Bo says.

Mon, 12 Nov 2018 17:45:30 GMT

Ukraine to deepen energy cooperation with US

Ukraine plans to deepen cooperation in nuclear energy and other areas with the US, the Ukrainian Prime Minister Volodymyr Groysman says.

Mon, 12 Nov 2018 17:44:57 GMT

China, Germany pledge to boost ties

The Chinese Vice Premier Liu He meets with the German Foreign Minister Heiko Maas in Beijing to discuss bilateral relations.

Mon, 12 Nov 2018 17:35:01 GMT

Oil prices surge on Saudi Arabia remarks

On Monday, oil prices jumped by 1%, after Saudi Arabia said that OPEC and its partners seek to cut oversupply by 1 million barrels per day in the next year.

Mon, 12 Nov 2018 17:34:14 GMT

US Dollar surges against basket of currencies

On Monday, the US Dollar rose to its highest level against a basket of major currencies in more than a year, as political risks reignited in Europe.

Mon, 12 Nov 2018 15:52:46 GMT

EU's Juncker announces worries about Italy-EU relationship

Jean-Claude Juncker, the EC President, was moderately concerned over Italy's relations with the EU after the Europaen Comission stated that Rome's budget draft for 2019 breached EU budget regulations.

Mon, 12 Nov 2018 15:49:35 GMT

SAP to buy Qualtrics for $8B

Germany's business software firm SAP agreed to purchase Qualtrics International for $8B in cash with pre-empting a planned IPO by the US-based company specialized in tracking online sentiment.

Mon, 12 Nov 2018 15:28:48 GMT

Netherlands revives visa service after brief halt in Pakistan

On Monday, the Netherlands revived its passport and visa services in Pakistan after a brief halt that had been caused due to the circumstances beyond the Dutch government's control, according to the Netherlands' officials.

Mon, 12 Nov 2018 15:21:09 GMT

Russia's Group IB to launch global HQ in Singapore

Group IB, Russia's cybersecurity firm, is set to launch a global headquarters located in Singapore until this year-end or in the beginning of 2019 amid the company's plans on international expansion.

Mon, 12 Nov 2018 13:53:25 GMT

Icahn sees VMWare worth $300 per share

Carl Icahn stated on Monday that VMWare should be valued at $300 a share, on the back of the activist investor's efforts to derail Dell's plans to go public.

Mon, 12 Nov 2018 13:53:16 GMT

VW CEO plans to build 50M electric vehicles

On Monday, the Volkswagen CEO Herbert Diess stated that the carmaker was capable to build up to 50M of electric vehicles with the help of its battery procurement plans and EVs platform.

Mon, 12 Nov 2018 13:38:22 GMT

Head of Coty Camillo Pane steps down

On Monday, Coty announced that Camillo Pane, its Chief Executive Officer, stepped down and would be replaced by the former head of Jacobs Douwe Egberts coffee company, Pierre Laubies.

Mon, 12 Nov 2018 12:39:20 GMT

Italy's FITD to fill Banca Carige's capital hole

Italy's FITD, the interbank deposit protection fund, is planning to help Banca Carige to fill its $451M hole in the capital base, sources with a knowledge reported on Monday.

Mon, 12 Nov 2018 12:34:51 GMT

Daily Mail owner seeks bidding for "i" newspaper

According to a Sky News report, the Daily Mail owner is considering a bid for the Johnston Press' "i" newspaper, after the struggling publisher has announced it is selling itself.

Mon, 12 Nov 2018 10:51:23 GMT

Low earnings plague European stock markets

European stock prices declined on Monday. Financial media blamed the lower than forecast earnings being announced by European companies.

Mon, 12 Nov 2018 10:50:45 GMT

Bank of England expects a Brexit deal

On Monday, a Bank of England's policy maker told CNBC that the central bank is considering a Brexit deal being closed as the most likely outcome to the situation in the EU.

Mon, 12 Nov 2018 10:38:59 GMT

Saudi Aramco's CEO confident IPO to take place soon

The CEO of Saudi Aramco, Amin Nasser, is confident that the state-oil producer's planned initial public offering will take place as soon as all conditions are right.

Mon, 12 Nov 2018 10:34:11 GMT

Canada's Mawer considers possible sale worth C$2.0B

Mawer Investment Management, the Canadian asset manager, is exploring a potential sale that could be valued at C$2.0B, working closely with an investment bank, sources reported.

Mon, 12 Nov 2018 09:20:33 GMT

Nuance Communications close to sell its imaging division

Nuance Communications, the Speech-recognition software supplier, is getting closer to a sale of the imaging division to the Thoma Bravo-backed Kofax for around $500M.

Mon, 12 Nov 2018 09:17:42 GMT

Israel's NSO considers to acquire Fifth Dimension

The Israeli cyber firm NSO Group has entered talks to acquire Fifth Dimension start-up, owned by the ex-Defence Forces Staff Chief Benny Gantz, the local media stated on Monday.

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