News

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Wed, 21 Aug 2019 18:56:07 GMT

Noble Holdings plans LNG, energy business rebuilding

Noble Group Holdings plans to rebuild its LNG and core energy businesses, as the company aims to develop rare earths, seeking a new life as the Asia-focused commodity trader, Reuters reported on Wednesday.

Wed, 21 Aug 2019 17:50:00 GMT

Amazon launches its largest Indian global campus

On Wednesday, Amazon.com has launched its world's largest campus located in India, underscoring the company's expansion plans in one of its rapidly growing overseas markets.

Wed, 21 Aug 2019 16:47:12 GMT

China's Geely reports 40% drop in H1 profit

The Chinese auto giant Geely Automobile Holdings reported on Wednesday its net profit dropped 40% in the first half due to continuous downturn in the largest auto market in the world, expecting an uncertain forecast for car demand until the next year.

Wed, 21 Aug 2019 15:49:49 GMT

Alibaba delays up to $15B HK IPO amid protests

Alibaba Group Holding, China's largest e-commerce company, has postponed its up to $15B Hong Kong listing due to rising political unrest in the country, sources reported on Wednesday.

Wed, 21 Aug 2019 15:27:13 GMT

Goldman seeks for majority control of Chinese JV

Goldman Sachs is seeking a majority control of the China joint venture ahead of the Asian country's plan to allow international companies full control, the bank stated on Wednesday.

Wed, 21 Aug 2019 13:42:25 GMT

Japan and South Korea negotiate

On Wednesday, representatives of South Korea and Japan announced the need to repair ties that were hurt by trade and wartime compensation disputes.

Wed, 21 Aug 2019 12:42:24 GMT

Sri Lanka is expected to keep rates steady

On Friday, the Central Bank of Sri Lanka will make an interest rate announcement. The bank is expected to keep rates unchanged.

Wed, 21 Aug 2019 11:43:43 GMT

Oil prices fluctuate above $60

On Wednesday, crude oil price benchmarks fluctuated above $60 per barrel. The surge was attributed to a decline in US oil inventories.

Wed, 21 Aug 2019 10:43:45 GMT

European stocks recover on Wednesday

During Wednesday's European trading session, European stock indices surged. The move was attributed to upcoming monetary and fiscal stimulus programs.

Wed, 21 Aug 2019 09:42:37 GMT

Alibaba postpones Hong Kong listing

On Wednesday, it was announced by Reuters that Alibaba is postponing its intended $15 billion stock listing in Hong Kong.

Wed, 21 Aug 2019 09:26:30 GMT

Renault and Fiat to continue merger talks

On Wednesday, European stocks rebounded from yesterday's trading session sharp falls after Renault SA and Fiat Chrysler Automobiles agreed to continue merger talks.

Wed, 21 Aug 2019 08:11:38 GMT

BNP and Citigroup caught up in criminal case against Huawei's CFO

Citigroup and BNP Paribas declined to comment about their possible involvement in the US criminal lawsuit against the Chinese Huawei Technologies Chief Financial Officer.

Wed, 21 Aug 2019 07:18:53 GMT

Germany's Scholz views no sign of looming euro crisis

On Wednesday, Olaf Scholz, the German Finance Minister stated he saw no sign of Italian political upheaval triggering the Euro zone crisis.

Wed, 21 Aug 2019 06:37:59 GMT

Trump calls off Denmark visit amid rebuff over Greenland

The US President Donald Trump has cancelled his visit to Denmark planned for the beginning of September after the Danish Prime Minister Mette Frederiksen rebuffed the idea of buying Greenland.

Wed, 21 Aug 2019 05:01:43 GMT

Brent oil surges on Wednesday

Brent Crude, the international benchmark price for purchases of oil, was up $60 a barrel by 0136 GMT on Wednesday, as data showed a bigger-than-expected decline in the US crude inventories.

Wed, 21 Aug 2019 04:03:06 GMT

Estonia's Bolt launches food delivery service

On Wednesday, Bolt, which until early this year was called Taxify, a popular ride-hailing service in Africa and Eastern Europe has launched a food delivery business in Estonia.

Wed, 21 Aug 2019 03:08:28 GMT

Italy's PM Conte resigns

After a scorching attack on the coalition partner and the Italian Deputy PM Matteo Salvini, Italy's Prime Minister Giuseppe Conte has tendered his resignation.

Wed, 21 Aug 2019 01:45:11 GMT

EU rejects demand by UK's PM Johnson to reopen exit deal

The European Union rebuffed a demand on Tuesday from the UK Prime Minister Boris Johnson to change the Brexit divorce agreement.

Tue, 20 Aug 2019 20:00:17 GMT

Intel rolls out first AI chip Springhill

On Tuesday, Intel Corp has launched its first processor with the artificial intelligence chip Springhill aimed at large computing centres that will allow to cope with high workloads, but using minimal energy amounts.

Tue, 20 Aug 2019 18:50:24 GMT

Facebook to make "Off-Facebook Activity" available to users

On Tuesday, Facebook announced it was adjusting the policies to make "Off-Facebook Activity" available for its users, allowing people to see and control personal data shared within social network by other apps and websites to enhance targeted advertising.

Tue, 20 Aug 2019 18:18:10 GMT

Swiss watchdog calls for Facebook's Libra details by month-end

Switzerland's privacy regulator has required Facebook to provide more details on the Libra cryptocurrency by the current month's end, the agency's spokeswoman stated on Tuesday, after the tech giant's plans to launch Libra in 2020 raised concerns by central bankers, regulators and politicians.

Tue, 20 Aug 2019 16:45:29 GMT

Qualcomm ties up with LG on new licensing deal

Qualcomm has signed a five-year patent licensing deal to develop, produce and sell from 3G to 5G smartphones in cooperation with LG Electronics, the semiconductor and telecommunications equipment giant announced on Tuesday.

Tue, 20 Aug 2019 16:19:50 GMT

Mexico's Cemex launches shares buyback programme

On Tuesday, Cemex, the Mexican cement maker, announced it had launched a programme to buy back up to $500M in shares, after receiving approval from the company's shareholders earlier that year.

Tue, 20 Aug 2019 15:38:00 GMT

Cigna explores group benefits insurance unit's sale

Cigna, the US health insurer, is considering a sale of the group benefits insurance unit, which could be potentially valued at $6.0B, sources with a knowledge of a matter reported on Tuesday.

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