News

Note: This section contains information in English only.
Fri, 27 Sep 2019 16:30:42 GMT

Yandex launches video service to rival YouTube

Russia's internet giant Yandex was launching a video-streaming service in a bid to rival Google's YouTube, which will allow users to publish videos on Yandex Zen, personal recommendation platform.

Fri, 27 Sep 2019 15:15:23 GMT

US consumer spending growth slows

The US consumer spending grew 0.1% in August, while business investment remained weak, suggesting the country's economy lost momentum amid trade tensions' linger.

Fri, 27 Sep 2019 14:35:24 GMT

Latam Airlines shares surge stake purchase news

On Friday, LATAM Airlines Group's shares surged over 30%, after Delta Air Lines stated it would acquire the company's 20% stake for $1.9B, building a major new carrier partnership.

Fri, 27 Sep 2019 13:39:40 GMT

AMS raises offer for Germany's Osram

Austria's sensor maker AMS has raised its takeover bid for Osram, the German lighting group, to €41.00 for a share or €4.9B, adding fuel to the fire in a bidding war with rivals.

Fri, 27 Sep 2019 12:39:04 GMT

Wells Fargo appoints new CEO on Friday

On Friday, Wells Fargo & Co appointed Charles Scharf, the CEO of Bank of New York Mellon, as the lender's new interim CEO to replace Allen Parker starting from October 21.

Fri, 27 Sep 2019 11:39:27 GMT

Apple wants to release films in theaters before streaming

On Friday, the Wall Street Journal reported that Apple Inc potentially had an intention to release films in theatres before showing them on the tech giant's streaming TV platform Apple TV+, which should be launched on November 1.

Fri, 27 Sep 2019 09:42:40 GMT

Toyota buys up Subaru stock

On Friday, Toyota Motor Corporation announced that it will increase its share in Subaru from 17% to 20%. Namely, the company will buy up Subaru stock, boosting its price.

Fri, 27 Sep 2019 09:27:57 GMT

Peloton's shares drop 7% in market debut

Shares in Peloton Interactive, the fitness start-up that focuses on the on-demand workout programmes on exercise bikes, plunged 7% in the company's initial public offering launched on Thursday, marking investors' scepticism regarding money-losing start-ups.

Fri, 27 Sep 2019 08:11:14 GMT

Delta considers 10% of Alitalia after buying LATAM stake

Delta Air Lines is still planning to acquire a 10% stake in the struggling Italian flagship airline Alitalia, emphasizing it is the right investment level, Delta's CEO Ed Bastian said to Reuters.

Fri, 27 Sep 2019 06:43:08 GMT

China's diplomat says Beijing seeks buying more US products

China's top diplomat stated that Beijing sought to buy more products produced by the US, adding that trade negotiations would yield positive results in case both countries "take more enthusiastic measures" in order to reduce the "pessimistic language" in the trade dispute.

Fri, 27 Sep 2019 06:23:48 GMT

Delta takes 20% stake in LATAM Airlines

Delta Air Lines is set to acquire a 20% stake worth $1.9B in LATAM Airlines Group, building a major new partnership and halting the carrier's ties with American Airlines.

Fri, 27 Sep 2019 05:06:23 GMT

China needs robust leadership

According to a policy paper published ahead of the 70th anniversary of the establishment of the People's Republic of China, the country requires a strong and united leadership of the ruling party in order to overcome internal and external challenges.

Fri, 27 Sep 2019 04:01:30 GMT

Toyota to increase stake in Subaru

According to sources familiar with the matter, Toyota Motor Corp is planning to increase its stake in Subaru Corp from current 17% to more than 20%.

Thu, 26 Sep 2019 19:51:26 GMT

VW to raise productivity more than 6%

Volkswagen's VW brand stated that it increased productivity, aiming to achieve 6% increase this year, lowered costs and was on course to reach carbon-cutting target at its factories.

Thu, 26 Sep 2019 18:54:37 GMT

VW in talks about plant in Turkey

German vehicle maker Volkswagen was nearing a decision over building the company's new plant in Turkey, a board member stated on Thursday.

Thu, 26 Sep 2019 17:53:07 GMT

Imperial cuts profit forecast

The UK tobacco firm Imperial Brands cut the company's profit and revenue forecast for the full year, facing regulatory backlash in the US against vaping, which could reshape the industry.

Thu, 26 Sep 2019 17:18:50 GMT

US pending home sales up in August

The National Association of Realtors announced that Pending Home Sales Index grew 1.6% to a 107.3 reading in August, rising more than expected, while July's index was unrevised.

Thu, 26 Sep 2019 15:56:05 GMT

Norway not to ban Huawei from 5G

The Cabinet Minister of Norway, Nikolai Astrup, stated that the country is set not to block China's Huawei from building the 5G telecoms network, putting the country at odds with NATO ally the US.

Thu, 26 Sep 2019 15:12:30 GMT

Accenture expects lower Q1 revenue

Global IT consulting major Accenture lowered its forecast for first-quarter revenue to $10.9B-$11.2B in the first quarter, below the average estimate of $11.26B, blaming stronger Dollar.

Thu, 26 Sep 2019 14:23:40 GMT

JLR to halt output at UK plants amid Brexit

Jaguar Land Rover, the British largest carmaker, is set to stop its production at the UK plants for one week in November, joining Toyota and BMW plans to reduce any disruption from a possible no-deal Brexit.

Thu, 26 Sep 2019 13:38:27 GMT

Nestle rolls out vegan burger in US

On Thursday, Nestle, the US food giant, has launched its "Awesome" plant-based burger in America, aiming to tap into the US growing craze for vegan meat.

Thu, 26 Sep 2019 11:50:33 GMT

UK to bring back 16K people after Thomas Cook collapse

UK's Civil Aviation Authority announced that over 70 flights were scheduled for Thursday to repatriate 16K of people to Britain on the fourth day after the collapse of the world's oldest travel company Thomas Cook.

Thu, 26 Sep 2019 11:35:57 GMT

Baidu plans sale of about third of Ctrip stake

Baidu Inc, China's internet search giant, is planning to sell about a third of the Ctrip.com International stake, seeking to raise about $1.0B, looking for investments in other revenue streams.

Thu, 26 Sep 2019 09:51:26 GMT

Oil prices surge on Thursday

During Thursday's Asian trading session, crude oil price benchmarks surged. The surge was attributed to the ongoing lack of supply caused by the attacks on Saudi facilities.

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