News

Note: This section contains information in English only.
Fri, 17 May 2019 17:01:33 GMT

Trump postpones auto tariffs

The US President Donald Trump postponed tariffs on imported cars and car parts for half a year to "address the national security threat", the White House reports.

Fri, 17 May 2019 16:35:17 GMT

S. Africa wants more innovation in tourism sector

South Africa wants more innovation in the tourism sector to offer new tourist destinations, the Tourism Minister Derek Hanekom says.

Fri, 17 May 2019 16:31:01 GMT

China: net capital inflow from foreign investors rises

Financial institutions reported capital inflow of $761M from investors in the first three months of 2019, the State Administration of Foreign Exchange reports.

Fri, 17 May 2019 15:34:47 GMT

Pinterest shares drop as annual forecast disappoints

On Friday, Pinterest's shares dropped 17% after the company's annual estimates disappointed investors, raising concerns over the online scrapbook firm's capability to turn into profit in the nearest time.

Fri, 17 May 2019 15:21:51 GMT

Samsung to spend over $14B on China chip factory

Samsung Electronics, South Korea's tech giant, is planning to spend over $14B in its investment's second phase in the memory chip factory in China's city of Xian, the Xinhua news outlet reported on Friday.

Fri, 17 May 2019 13:38:40 GMT

EU removes three islands from tax haven blacklist

The European Union has eliminated Aruba, the Dutch Caribbean island, the UK overseas territory of Bermuda and Barbados from the bloc's tax haven blacklist on Friday, leaving no European area on the list.

Fri, 17 May 2019 13:31:56 GMT

Germany sees OECD to agree on digital tax soon

On Friday, Olaf Scholz, Germany' Finance Minister, stated he expected the OECD to agree on a tax minimal level for the digital firms such as Google, Facebook and Amazon by the middle of 2020.

Fri, 17 May 2019 12:36:21 GMT

Carrefour considers stake sale in China business

The EU largest retailer Carrefour is considering a minority stake sale in its struggling Chinese business and has already started to look for potential buyers, according to Reuters.

Fri, 17 May 2019 12:33:37 GMT

OneConnect hires banks for HK IPO worth $1.0B

OneConnect, the financial technology division owned by Ping An Insurance, has hired Morgan Stanley, Goldman Sachs and JPMorgan to advise on its planned initial public offering in Hong Kong worth up to $1.0B.

Fri, 17 May 2019 10:58:13 GMT

Banks make $50M investments in digital cash system

UBS, Banco Santander, Credit Suisse Group, Barclays and other world's biggest banks invested about $50M to establish a digital cash settlement project that uses blockchain technology.

Fri, 17 May 2019 10:47:30 GMT

SpaceX delays Starlink satellite launch another time

SpaceX has postponed the launch of the Starlink satellite once again for around a week amid inclement weather late on Thursday, seeking to update satellite's software and make a re-check.

Fri, 17 May 2019 10:07:38 GMT

Italy seeks to prevent Piaggio Aerospace from break-up

The Italian government will seek to prevent a break-up of the struggling planemaker Piaggio Aerospace, Luigi Di Maio, the country's Deputy Prime Minister, announced on Friday.

Fri, 17 May 2019 09:59:07 GMT

Iamgold considers selling itself

Canada's Iamgold is considering a potential full or partial sale of the gold miner unit, entering talks with a few possible buyers, Bloomberg's report showed on Thursday.

Fri, 17 May 2019 09:25:29 GMT

Chico's scraps takeover proposal from Sycamore

Chico's FAS, the women's apparel retailer, rejected a bid made by the private equity group Sycamore Partners to take the firm private in the deal valued at $407.8M.

Fri, 17 May 2019 09:19:06 GMT

Russia's Fridman takes control over Spanish retailer DIA

The investment fund LetterOne owned by Russia's tycoon Mikhail Fridman stated on Friday it had gained control over DIA, the loss-making Spanish retailer, after submitting a takeover bid.

Fri, 17 May 2019 08:30:30 GMT

Reuter's poll revels recession risk

A Reuter's poll results published on Friday revealed that a majority of economists set the possibility of a US recession in the next two years at 40%.

Fri, 17 May 2019 08:29:59 GMT

Kazakhstan seeks pay from Transneft

On Friday, Kazakh officials announced that Transneft has tainted Kazakh oil that was transported through a Russian pipeline. The country will seek reparations for the damaging of almost 600,000 tonnes of oil.

Fri, 17 May 2019 07:01:40 GMT

Luckin Coffee attracts $561M in US IPO

Starbucks' Chinese challenger, Luckin Coffee, priced its US listing at the targeted price range's top, raising $561M by selling 33M American depository shares at $17 each, according to sources with a knowledge of the matter.

Fri, 17 May 2019 06:57:50 GMT

Amazon close to investment in British Deliveroo

Amazon.com has entered talks to acquire a stake in the British food delivery service Deliveroo, as part of the $575M fundraising, with Deliveroo expected to unveil the deal during the coming days, according to Sky News' report seen on Friday.

Fri, 17 May 2019 06:39:33 GMT

French Naval Group seeks buying Thyssen's marine unit

French Naval Group is considering to purchase Thyssenkrupp's marine unit if the German conglomerate offered the division up for a sale.

Fri, 17 May 2019 06:36:20 GMT

Hewlett Packard Enterprise likely to acquire Cray

Hewlett Packard Enterprise is in there advanced negotiations tot acquire the supercomputer maker Cray, in a deal that might be announced as early as this week, according to Bloomberg.

Fri, 17 May 2019 05:19:45 GMT

China considers cutting fuel prices

According to sources from the industry, the Chinese government is considering cutting wholesale prices of aviation fuel, a measure that could save local airlines up to $145M per year.

Fri, 17 May 2019 05:14:50 GMT

Microsoft, Sony announce strategic partnership

On Thursday, Microsoft Corp and Sony Corp announced that they would form a strategic partnership over joint development of image sensors and cooperation with streaming of video games.

Fri, 17 May 2019 04:18:03 GMT

Singapore Airlines to buy Boeing 737 MAX despite crash

Goh Choon Phong, the Singapore Airlines CEO, stated on Friday that the company did not have intention to cancel its order for acquiring 31 Boeing 737 MAX jets.

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