News

Note: This section contains information in English only.
Sun, 22 Sep 2019 19:00:58 GMT

China UnionPay targets majority of Finnish merchants in 2020

China UnionPay, the largest card payment organisation in the world, plans to offer services to 70% merchants in Finland by the end of 2020, the President of China UnionPay Shi Wenchao says.

Sun, 22 Sep 2019 18:01:06 GMT

Macao inflation rises

Macao's inflation increased 2.83% in August, compared to the same period the prior year, a report published by the Statistics and Census Service shows.

Sun, 22 Sep 2019 17:00:41 GMT

Moody's modifies Cyprus outlook

Moody's has adjusted the outlook on Cyprus from stable to positive Ba2, a statement published by the Moody's Investors Service shows.

Sun, 22 Sep 2019 16:37:54 GMT

AIIB to invest $1.09B in ASEAN

The Asian Infrastructure Investment Bank plans to invest $1.09B in different projects in countries of the Association of Southeast Asian Nations, the AIIB President Jin Liqun says.

Sun, 22 Sep 2019 15:15:19 GMT

Iran ready to transit gas to Europe

Iran is in discussions with the European Union to deliver natural gas to Europe through a pipeline from Turkey, the CEO of National Iranian Gas Company Hassan Montazer-Torbati says.

Sun, 22 Sep 2019 13:45:33 GMT

SoftBank considers bringing 40 firms to Brazil

Japan's SoftBank Group is exploring an opportunity to bring around 40 firms with a potential of high growth to Brazil, seeking to announce a big investment in the Latin American country in about two weeks' time.

Sun, 22 Sep 2019 13:31:12 GMT

Huawei to tie up with China Mobile in bid for Brazil's Oi

Huawei Technologies, China's telecoms equipment maker, is teaming up with China Mobile, seeking to enter a dispute to acquire Oi SA, the struggling Brazilian carrier, as it tries to expand its footprint in the Latin America's biggest market.

Sun, 22 Sep 2019 12:35:32 GMT

Brookfield, Dubai's Meraas form $1.4B retail JV

Dubai's Meraas Holding and Brookfield Asset Management have agreed to establish a joint venture worth $1.4B, seeking to operate Meraas' retail assets, including Dubai sites City Walk, The Beach and La Mer.

Sun, 22 Sep 2019 11:30:54 GMT

Hedge fund Elliott may attract $5B in new funding

Elliott Management Corp, the US hedge fund, could attract $5B in a new round of funding to establish a war-chest for cheaper assets amid its preparations for a market downturn, according to the Financial Times.

Sun, 22 Sep 2019 10:21:39 GMT

Vasle stresses need to take more action

Bostjan Vasle, a member of the ECB Governing Council, highlighted on Sunday the complexity of the situation in the global economy and noted that the ECB would be required to take more action in coming years.

Sun, 22 Sep 2019 09:12:59 GMT

XL Airways tries to make a deal with Air France

The French budget airline XL Airways has approached Air France in an attempt to conclude a deal that would save the company from a bankruptcy.

Sun, 22 Sep 2019 08:29:29 GMT

Iran to present security plan for Middle East

The President of Iran Hassan Rouhani is expected to visit the UN General Assembly this week and present a plan that would ensure security in the Gulf region.

Sun, 22 Sep 2019 07:20:29 GMT

Big firms ready to cut emissions

Ahead of the United Nations climate summit, almost 100 large companies, such as Nestle, L'Oreal and others have confirmed their commitment to cut carbon emissions.

Sun, 22 Sep 2019 05:59:10 GMT

Conte asks Delta Airlines to commit more to Alitalia

Giuseppe Conte, the Italian Prime Minister, called on Delta Airlines on Saturday to play a bigger role in the bid to rescue Alitalia.

Sun, 22 Sep 2019 05:01:28 GMT

Thomas Cook discusses rescue deal with investors and UK government

Thomas Cook, the world's oldest travel company, has entered negotiations with some potential investors and the UK government over the last-minute rescue deal.

Sun, 22 Sep 2019 04:01:32 GMT

Saudi picks Deutsche and UBS as bookrunners for IPO

According to two sources with knowledge of the matter, the Saudi Arabian state oil firm Aramco has picked UBS Group and Deutsche Bank as book-runners for the planned IPO.

Sun, 22 Sep 2019 02:58:04 GMT

Poland's ruling Law and Justice party pledges more spending

On Saturday, Poland's PiS has pledged to provide about $250 million for companies, which want to invest in innovative processes ahead of the country's parliamentary elections in October.

Sun, 22 Sep 2019 01:50:50 GMT

China and Solomon Islands sign diplomatic ties

On Saturday, China and Solomon Islands signed diplomatic ties. Wang Yi, China's top diplomat, said that the move was a transparent decision, a strategic decision and a natural decision.

Sat, 21 Sep 2019 19:26:05 GMT

Baowu finishes merger with Magang

On Thursday, the largest steel producer in China, Baowu Steel Group, has signed an treaty with Magang Holding Co to acquire a 51% stake in the latter.

Sat, 21 Sep 2019 18:21:36 GMT

China-ASEAN relations reach new level

The Chinese Vice Premier Han Zheng stated on Saturday that the country's relations with the Association of Southeast Asian Nations (ASEAN) have reached a new level of all-round development.

Sat, 21 Sep 2019 17:25:53 GMT

King Salman and Xi talk over phone

Shortly after attacks on Saudi oil facilities King Salman had a telephone conversation with the Chinese President Xi Jinping during which two leaders discussed the situation in the Middle East and bilateral relations.

Sat, 21 Sep 2019 15:52:54 GMT

Thomas Cook discusses rescue deal with UK

Ailing travel company Thomas Cook has entered talks with the British government and some of investors over the last-minute rescue deal to protect itself from the corporate collapse that could hit not only thousands of customers, but the whole travel sector.

Sat, 21 Sep 2019 14:50:35 GMT

Commerzbank aims to shed jobs, branches in strategy overhaul

Commerzbank is planning to cut about 2.3K of jobs and shut down some of its branches by 200 to around 800 in its strategy overhaul, following the German bank's failed attempt to tie up with Deutsche Bank.

Sat, 21 Sep 2019 13:47:27 GMT

Facebook halts thousands of apps amid Cambridge Analytica row

Facebook suspended thousands of applications on its social networking platform on the back of Facebook's ongoing app developer probe it launched last year in response to the row that involved Cambridge Analytica.

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