News

Note: This section contains information in English only.
Thu, 26 Sep 2019 07:46:28 GMT

Peloton Interactive attracts $1.16B in IPO

The US fitness start-up Peloton Interactive Inc raised $1.16B in its IPO conducted on Wednesday after the firm had priced the shares at its target range's top end of $29 per share.

Thu, 26 Sep 2019 07:39:10 GMT

Juul CEO resigns as Philip Morris, Altria merger talks collapse

The CEO of the e-cigarette maker Juul announced a resignation on Wednesday, after merger negotiations between Philip Morris and Altria collapsed due to a regulatory retaliation against vaping, posing a danger to the whole industry.

Thu, 26 Sep 2019 05:16:40 GMT

IKEA reports record-high sales

IKEA reported its annual sales above $44B for the first time in the Swedish furniture group's history, as its push into e-commerce produced increase in online revenue.

Thu, 26 Sep 2019 04:22:02 GMT

Best Buy aimed at $50B revenue by 2025

Best Buy announced its intention to make $50B in revenue, cut nearly $1B in costs by 2025 and ramp up healthcare technology business.

Wed, 25 Sep 2019 19:43:15 GMT

Danske Bank Estonia ex-boss is found dead

On Wednesday, Aivar Rehe, who formerly ran Danske Bank operations in Estonia and was at the centre of a money laundering scandal, was found dead.

Wed, 25 Sep 2019 18:43:38 GMT

United States sanction Chinese entities

On Wednesday, the United States announced that sanctions have been put on Chinese entities that have been transferring Iranian oil.

Wed, 25 Sep 2019 17:44:08 GMT

Ford to launch self-driving cars

Representatives of Ford stated on Wednesday that the company is expected to launch self-driving cars in Austin Texas in 2021.

Wed, 25 Sep 2019 16:41:23 GMT

Saudi Aramco seeks loan

On Wednesday, it was revealed by Reuters that Saudi Aramco seeks a one billion US Dollar loan.

Wed, 25 Sep 2019 15:45:45 GMT

US home sales beat expectations

US single family home sales beat analyst expectations in August. On Wednesday, the publication of the data caused a slight surge of the US Dollar's value.

Wed, 25 Sep 2019 14:41:32 GMT

Wall Street declines on Wednesday

At the start of Wednesday's US trading session, US stock indices declined, as a Democratic impeachment inquiry caused a slight run to safety.

Wed, 25 Sep 2019 14:30:04 GMT

eBay's Chief Executive steps down

On Wednesday, Devin Wenig, eBay's Chief Executive Officer, has resigned from his position, while the e-commerce firm appointed Scott Schenkel, its finance head, as the company's interim CEO.

Wed, 25 Sep 2019 12:48:43 GMT

TeamViewer shares drop in EU market debut

Shares in TeamViewer, the German software company, plunged 2% to €25.32 on Wednesday during the remote connectivity specialist's initial public offering, the biggest in Europe launched this year, Reuters reported.

Wed, 25 Sep 2019 11:39:43 GMT

Thomas Cook German unit files for insolvency

On Wednesday, Thomas Cook GmbH, Germany's unit of the UK travel operator, has announced insolvency, seeking to hive off its business and brands from the failed owner.

Wed, 25 Sep 2019 10:35:58 GMT

Luxury group Kering cuts Puma stake with €500M bond

On Wednesday, Kering, the French luxury group, has issued €500M bonds, which can be exchanged for Puma shares, as the luxury giant aims to trim the remaining stake in the German sportswear brand.

Wed, 25 Sep 2019 09:39:36 GMT

Renault seeks to become part of EU batteries project

On Wednesday, Renault's chairman stated the carmaker was ready to become a part of the EU batteries project, seeking to boost the economy.

Wed, 25 Sep 2019 08:32:37 GMT

KKR puts ELL up for sale

The buyout group KKR has put European Locomotive Leasing up for a sale, as an investor seeks to lock in vibrant asset valuations just ahead of the expected downturn, according to sources familiar with the matter.

Wed, 25 Sep 2019 06:45:43 GMT

Alibaba rolls out self-developed AI chip

On Wednesday, Alibaba Group Holdings said it developed a new artificial intelligence chip "Hanguang 800", seeking to enhance group's cloud computing division services by new chop's usage, marking an important step in its pursuit of next-generation technologies.

Wed, 25 Sep 2019 06:23:18 GMT

Toyota aims to launch next-gen Mirai fuel-cell vehicle

Toyota Motor Corp is preparing for a lunch of its next generation Mirai fuel-cell car in 2020, the carmaker's Chairman Takeshi Uchiyamada announced on Wednesday.

Wed, 25 Sep 2019 04:40:40 GMT

SEC Chief avoids comments on Libra

On Tuesday, the head of the US SEC repeatedly refused to comment to a congressional panel about regulation of Facebook's Libra.

Wed, 25 Sep 2019 04:30:55 GMT

Dollar slips on US Consumer Confidence

Data released in the United States on Tuesday revealed that consumer confidence had declined during the last month. The data caused a slight decline in the value of the US Dollar against peer currencies.

Wed, 25 Sep 2019 03:20:49 GMT

Fiat Chrysler manager is charged in diesel investigation

On Tuesday, unsealed US Justice Department documents revealed that a senior Fiat Chrysler manager was charged this month in connection to excess diesel vehicle emissions.

Wed, 25 Sep 2019 02:21:36 GMT

Trump calls on rejection of globalism

The President of the United States Donald Trump stated on Tuesday to the UN that the future belongs to patriots and not globalists.

Tue, 24 Sep 2019 19:40:07 GMT

Saudi Aramco buys neighbour oil

On Tuesday, Reuters revealed that Saudi Aramco is purchasing oil from neighbouring countries to fill its supply obligations. The news should cause a surge in oil prices.

Tue, 24 Sep 2019 18:42:24 GMT

Volkswagen board announces meeting

On Tuesday, the supervisory board of Volkswagen stated that it would meet on Wednesday and discuss the indictment of the company's Chairman and current and prior CEOs.

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