News

Note: This section contains information in English only.
Tue, 23 Apr 2019 08:01:17 GMT

DouYu plans $500M worth US IPO

DouYu International Holding, the Tencent-backed live-streaming firm, has filed for an initial public offering in the United States of up to $500M, seeking to expand its footprint in the US market.

Tue, 23 Apr 2019 06:55:23 GMT

ExxonMobil signs 20-year LNG pact with Zhejiang Energy

Exxon Mobil has inked a 20-year agreement with China's Zhejiang Energy to supply the Chinese company the liquefied natural gas, as the US gas and oil giant seeks to expand its footprint in China.

Tue, 23 Apr 2019 06:51:09 GMT

US likely to approve T-Mobile-Sprint tie-up

Senior executives of Sprint and T-Mobile filed the case to the US officials in Washington, calling on them to approve the planned merger between the wireless companies, claiming the new group would try to have "aggressively lower prices".

Tue, 23 Apr 2019 06:38:50 GMT

Luckin to attract up to $800M in US IPO

Starbucks' Chinese rival Luckin Coffee filed for an initial public offering in the United States on Monday, seeking to raise about $500-$800M, sources close to the matter said.

Tue, 23 Apr 2019 04:43:33 GMT

US Dollar surges on Tuesday

On Tuesday, the US Dollar surged against most of its peers, as the US financial institutions returned to work after Easter holidays.

Tue, 23 Apr 2019 04:43:04 GMT

Japan comments on Iranian oil waivers

On Tuesday, Japanese officials announced that the US decision to no longer allow various countries to import Iranian oil will not hurt the Japanese economy.

Tue, 23 Apr 2019 04:34:43 GMT

US ends Iranian oil import waivers

On Monday, the US government announced that countries, which previously were allowed to buy Iranian oil, can no longer do so starting from May 1.

Tue, 23 Apr 2019 04:34:16 GMT

Asian stock indices surge

On Tuesday, the Asian stock market indices surged. The only exception was the Chinese stock market, which experienced a slight decline.

Tue, 23 Apr 2019 03:30:43 GMT

Asiana Airlines to get $1.4B support from creditors

South Korea's creditors are expected to provide $1.40B in financial aid to debt-laden Asiana Airlines, the country's Finance Minister stated, alleviating liquidity problems.

Tue, 23 Apr 2019 03:28:05 GMT

Whirlpool's profit beats amid price hikes

Appliances maker Whirlpool beat analysts' forecasts for quarterly profit, fuelled higher prices to counter an increase in raw material and freight costs.

Mon, 22 Apr 2019 20:32:36 GMT

Herman Cain decides not to join Fed's board

The US President Donald Trump stated on Monday that Herman Cain has decided to stop seeking a place in the Fed's board amid resistance in the Republican party.

Mon, 22 Apr 2019 20:29:16 GMT

USTR to have new general counsel

The US Trade Representative Robert Lighthizer stated on Monday that General Counsel Stephen Vaughn would leave the White House and give his post to lawyer Joseph Barloon.

Mon, 22 Apr 2019 19:30:12 GMT

Petrobras reconsiders policy towards whistleblowers

The Brazilian oil giant Petrobras Petroleo Brasileiro SA stated on Monday that it was reviewing its attitude towards whistleblower complaints amid a scandal with traders accused of corruption.

Mon, 22 Apr 2019 19:25:37 GMT

Tesla shows its car chip

On Monday, the head of AutoPilot Pete Bannon presented and explained technical details of a chip used in Tesla's self-driving cars, thus trying to show that investments in this product would pay off.

Mon, 22 Apr 2019 18:01:46 GMT

Samsung plans to delay Galaxy Fold smartphone release

Samsung Electronics Ltd announced on Monday that it would delay the release of its Galaxy foldable handset after reviewers reported defective samples.

Mon, 22 Apr 2019 18:01:37 GMT

Cain withdraws from Fed consideration

On Monday, the US President Donald Trump announced that Herman Cain has withdrawn from the consideration for a position on the US Federal Reserve board of governors.

Mon, 22 Apr 2019 16:26:31 GMT

Oil price rises amid US stance on Iran

Crude oil prices rose by 2.9% on Monday, reaching $65.87 per barrel, as the US announced its plans to revoke waivers on import of Iranian oil.

Mon, 22 Apr 2019 16:23:37 GMT

Kraft Heinz to replace CEO

Kraft Heinz stated on Monday that it would replace its current CEO Bernardo Hees with the Anheuser-Busch InBev's head of marketing Miguel Patricio.

Mon, 22 Apr 2019 15:23:05 GMT

US house sales drop in March

The National Association of Realtors reported on Monday that sales of houses in the US dropped by 4.9% in March, which is 1.1% more that the experts' forecasts.

Mon, 22 Apr 2019 15:19:49 GMT

Turkey slams US attitude towards Iranian oil

The Foreign Minister of Turkey Mevlut Cavusoglu stated on Monday that a decision made by the US to revoke waivers on imports of Iranian crude oil would not benefit regional stability.

Mon, 22 Apr 2019 13:54:56 GMT

Nissan to reject Renault's integration proposal

Nissan Motor is set reject management's integration proposal from France's partner Renault and is likely to call for the equal capital relationship.

Mon, 22 Apr 2019 13:54:51 GMT

Malaysia's CPI growth rebounds to 0.3%

Malaysian consumer prices were expected to edge higher 0.3% year-on-year in March, rebounding after two months of deflation, a Reuters poll revealed.

Mon, 22 Apr 2019 13:21:08 GMT

Bytedance to launch music streaming application

Bytedance, the Chinese firm behind short-video platform TikTok, announced plans to launch a music streaming application similar to Spotify.

Mon, 22 Apr 2019 13:20:36 GMT

Chinese reform individual income tax fuels consumption

The Chinese individual income tax reform is expected to boost spending nearly $107.2B, facilitating the country's economic growth.

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