News

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Fri, 27 Oct 2017 08:17:50 GMT

Huntsman, Clariant abandon $20B merger

The specialty chemicals maker Huntsman and Clariant agreed to abandon the proposed $20B merger amid a rising number of shareholders joining the White Tale activist investor to oppose that deal.

Fri, 27 Oct 2017 07:28:18 GMT

CVS seeks to acquire US health insurer Aetna

The US pharmacy operator CVS Health made a bid for the US health insurer Aetna, offering it more than $66B for a deal or over $200 per share.

Fri, 27 Oct 2017 07:24:18 GMT

China's HNA considers buying e-commerce firm Dangdang

The Chinese HNA Group is considering to buy the e-commerce firm Dangdang's controlling stake in a deal likely to value the online marketplace at more than $1B.

Fri, 27 Oct 2017 06:24:33 GMT

Tesla to slash Model 3 part orders from Taiwan's Hota

The luxury electric automaker Tesla is planning to cut part orders for its Model 3 sedan by 40% from the Taiwan car component maker Hota, starting from December 2017.

Fri, 27 Oct 2017 06:15:13 GMT

Australia's Deputy PM ruled ineligible for Parliament

On Friday, the High Court of Australia declared the Deputy Prime Minister Barnaby Joyce ineligible to stay in the Parliament, depriving the government of its one-seat majority.

Fri, 27 Oct 2017 05:13:01 GMT

Mexican Senate passes part of 2018 budget

Late on Thursday, the Mexican Senate approved a part of 2018 budget, taking measures to help hike fund allocation for recovery after the two quakes that hit the country last month.

Fri, 27 Oct 2017 05:11:51 GMT

Turnbull says "business of government goes on"

On Friday, Australia's Prime Minister Malcolm Turnbull said the government continued to work as usual despite the citizenship row that forced the country's Deputy PM to leave the parliament.

Fri, 27 Oct 2017 04:23:47 GMT

Euro zone provides €800M loan to Greece

The Euro zone's bailout fund ESM announced its decision to pay out €800M to Greece in a credit to secure funds for paying arrears of the Greek government.

Fri, 27 Oct 2017 04:21:16 GMT

Baidu revenue prospect clouded by Congress meeting, shares drop

China's search engine major Baidu expects weaker revenue prospects for the rest of 2017, blaming lost sales of advertising during the Congress meeting and sending its shares 10% down.

Fri, 27 Oct 2017 03:29:44 GMT

Amazon sales grow after acquisition with Whole Foods, Prime Day campaign

Amazon stated that its sales increased in summer and profit surpassed forecasts, as customers reacted on the company's Prime Day promotions and purchased at Whole Foods stores.

Fri, 27 Oct 2017 03:25:49 GMT

China's industrial profits jump most in six years in September

Chinese industrial powerhouses' profits grew the most in about six years by 27.7% over the course of September, as fears of supply shortages in winter sent prices sharply higher.

Fri, 27 Oct 2017 02:33:33 GMT

GE, Apple release app-making instruments for industrial internet

General Electric and Apple released app-making tools tailored to Predix, the GE's platform, for connecting jet engines, power plants and other equipment to the internet.

Fri, 27 Oct 2017 02:32:52 GMT

Japan consumer prices increase 0.7% in September

Japan's core CPI rose 0.7% year-over-year in September to mark a ninth monthly increase in succession, providing some hope for the BoJ that economic recovery could drive inflation to 2%.

Thu, 26 Oct 2017 19:49:53 GMT

Twitter may be profitable

Twitter said it might be profitable for the first time next quarter after cutting expenses over the past year and ramping up deals to sell its data to other companies. 

Thu, 26 Oct 2017 19:49:38 GMT

China to stick to its determination to deepen relations with Russia

As Russia is China's strategic partner of coordination, Beijing will not change its intention to deepen relations with Moscow regardless of violations in the international arena, China's President Xi Jinping said.

Thu, 26 Oct 2017 19:10:00 GMT

Catalonia's Puigdemont rules out snap election

Catalonia's leader Carles Puigdemont said that he would hold a new regional election to break the standstill between Madrid and separatists wishing to split from Spain, fuelling political crisis.  

Thu, 26 Oct 2017 19:04:54 GMT

Russia's Putin urges actions against online extremism

Russia's President Vladimir Putin said that law enforcement agencies were obliged to take tough actions against individuals and groups using the Internet for spreading extremist ideas. 

Thu, 26 Oct 2017 18:05:11 GMT

Italy's Senate approves new electoral system

The Italian upper house Senate approved a new electoral system that is seen to derail the anti-establishment 5-Star Movement at an upcoming national election and favour mainstream political blocs.

Thu, 26 Oct 2017 18:00:26 GMT

Deutsche Boerse CEO to resign amid insider trading allegations

Deutsche Boerse's CEO Carsten Kengeter has decided to step down amid ongoing allegations of insider trading. 

Thu, 26 Oct 2017 17:04:07 GMT

ECB to be careful in reducing pile of bad loans

The ECB pledged it would be careful in its intention to reduce the Eurozone's $990B pile of bad loans following complaints from Italy that it would hurt the economy.

Thu, 26 Oct 2017 16:56:28 GMT

US House passes budget blueprint for 2018

The US House of Representatives passed a budget plan for the 2018 fiscal year, paving the way for deep tax cuts sought by the US President Donald Trump and Republican leaders. 

Thu, 26 Oct 2017 16:13:16 GMT

Iceland's centre-right party leads poll ahead of vote

An opinion poll published on Thursday showed the Icelandic Independence Party's strong lead over its political rivals ahead of Saturday's parliamentary vote.

Thu, 26 Oct 2017 15:07:04 GMT

US pending home sales hold steady in September

The National Association of Realtors reported that pending home sales held steady last month after dropping 2.8% in August, whereas analysts anticipated a 0.2% rise.

Thu, 26 Oct 2017 15:06:13 GMT

US wholesale inventories rise 0.3% last month

The Census Bureau reported on Thursday that US wholesale inventories rose 0.3% in September, following the preceding month's jump of 0.9% and missing analysts' expectations for a 0.4% increase.

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