News

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Wed, 10 Jul 2019 09:29:39 GMT

Johnson refuses suspending Parliament for no-deal Brexit

The main candidate for the next UK Prime Minister Boris Johnson refused to suspend the Parliament to get the no-deal Brexit, calling such a move "absolutely bizarre".

Wed, 10 Jul 2019 08:38:27 GMT

Iran welcomes France's efforts to redeem nuclear deal

Iran has welcomed French efforts to redeem the 2015 nuclear pact, Iran's Foreign Ministry spokesman stated on Wednesday after the top diplomatic adviser of France' President Emmanuel Macron visited Tehran to discuss potential options to ease the crisis.

Wed, 10 Jul 2019 06:44:56 GMT

Indonesia's Go-Jek set for tie-up with Thai SCB

Go-Jek, Indonesia's ride-hailing app, is planning to make an announcement about a strategic partnership with Siam Commercial Bank, the Thai biggest lender, this Thursday that deemed to deepen their ties, both companies stated on Wednesday.

Wed, 10 Jul 2019 06:35:58 GMT

Apple rolls out China app development programme

Apple has launched its programme in Shanghai aimed to help China developers establish apps as the US tech giant seeks to expand its services business in the Asian country.

Wed, 10 Jul 2019 05:10:43 GMT

US and China trade officials hold constructive talks

Larry Kudlow, the senior White House economic adviser, said that the United States and China negotiators held constructive trade talks on Tuesday.

Wed, 10 Jul 2019 04:12:57 GMT

China's producer prices flat in June

According to the Chinese National Bureau of Statistics, China's factory prices were flat in June from a year earlier, as manufacturers shift more production abroad to avoid the US-China trade war.

Wed, 10 Jul 2019 03:13:03 GMT

Oil prices surge on Wednesday

Crude oil prices edged higher on Wednesday, as data showed a bigger-than-expected decline in the US stockpiles for the fourth consecutive weeks.

Wed, 10 Jul 2019 02:56:43 GMT

Deutsche Bank shares extend losses

Shares of Deutsche Bank extended its decline on Tuesday, as investors were sceptical about the company's CEO Christian Sewing plans to reform the bank.

Wed, 10 Jul 2019 02:11:56 GMT

US stocks decline on trade concerns

Wall Street edged lower on Tuesday, as investors and traders were worried about a hit to firm earnings from the continued US-China trade tensions.

Tue, 09 Jul 2019 21:12:39 GMT

Deutsche Bank to use third party systems

Deutsche Bank is in talks with the British fintech firm OakNorth to use its monitoring and credit analysis platforms, a source familiar with the matter says.

Tue, 09 Jul 2019 20:20:12 GMT

US, China to relaunch trade talks

The US and China plan to relaunch trade talks after a two month stop in negotiations, but there is little sign that differences between the two countries have narrowed.

Tue, 09 Jul 2019 18:35:00 GMT

Trump: Indian tariffs on US goods not acceptable

India's tariffs on US goods are unacceptable, but the US is not likely to take any immediate action in the trade row between the two nations, the US President Donald Trump says.

Tue, 09 Jul 2019 16:53:50 GMT

Bayer seeks merger with Elanco

Bayer has approached a US drug producer Elanco Animal Health to discuss a possible merger of their pet health businesses to establish an industry giant, sources say.

Tue, 09 Jul 2019 15:55:22 GMT

Danske Bank appoints Kingsbury as head of surveillance

On Tuesday, Danske Bank announced the appointment of Simon Kingsbury as the head of investigation and surveillance from HSBC.

Tue, 09 Jul 2019 15:00:31 GMT

US job openings decline in May

According to the US Labor Department report, job openings, a measure of labour demand in the United States, fell in May, pressured by declines in transportation and construction industries.

Tue, 09 Jul 2019 13:52:54 GMT

BMW moves some engine production out of UK

The German carmaker BMW has moved part of its engine production from Britain to South Africa due to the Brexit uncertainty, the company's production chief Oliver Zipse stated on Tuesday.

Tue, 09 Jul 2019 12:49:02 GMT

Facebook gets no invitation to White House SM summit

Facebook announced it did not receive an invitation to the social media summit conducted by the White House, which was set to take place on July 11, after the White House had repeatedly declined to reveal who would attend the event.

Tue, 09 Jul 2019 11:55:34 GMT

Remy Cointreau's CEO to resign by 2019-end

Valerie Chapoulaud-Floquet, the CEO of Remy Cointreau, is set to step down by this year's end citing personal reasons, after her luxury spirits strategy boosted the company's profit margins in 2014.

Tue, 09 Jul 2019 11:05:43 GMT

Japan, South Korea accelerate trade dispute

On Tuesday, South Korea and Japan have severed their tensions in a diplomatic trade dispute, which threatens to disrupt the smartphones and chips global supply, as Seoul denounced Japan's media reports accusing South Korea of transferring the key chemical to its North neighbour.

Tue, 09 Jul 2019 09:54:16 GMT

Deutsche Bank shares decline

On Tuesday, the stock price of Deutsche Bank declined, as global markets were skeptical about the announced reforms at the bank.

Tue, 09 Jul 2019 09:25:20 GMT

ABB to hand over its solar converter business

ABB is set to pay about $470M to ditch its loss-making solar converter business to the Italian company FIMER SpA, marking the severe conditions in the solar industry.

Tue, 09 Jul 2019 08:14:48 GMT

Branson's Virgin Galactic prepares to launch IPO

The space-tourism venture Virgin Galactic owned by Richard Branson is planning to launch an initial public offering amid a signed deal with a SPAC created by Social Capital's CEO Chamath Palihapitiya, sources reported on Tuesday.

Tue, 09 Jul 2019 07:01:20 GMT

Nexon founder abandons $16B worth gaming deal

Jungju Kim, the founder of Nexon, has scrapped the plans for a controlling stake sale in its NXC parent, a deal that could have been the largest in the gaming sector as it was potentially valued at $16B.

Tue, 09 Jul 2019 06:33:34 GMT

Nintendo to move part of Switch console output to Vietnam

Nintendo is planning to move part of the Switch gaming console production out of China to Vietnam amid the company's intention to diversify the manufacturing sites, Japan's video game maker's spokeswoman stated on Tuesday.

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