News

Note: This section contains information in English only.
Thu, 07 Mar 2019 12:39:33 GMT

Dialog Semi to acquire Silicon Motion

Dialog Semiconductor stated on Thursday it would acquire a mobile communications unit owned by Silicon Motion in a cash-deal worth $45M, expanding its footprint into Internet of Things.

Thu, 07 Mar 2019 12:36:53 GMT

Aon scraps takeover plan for Willis Towers

The insurer Aon abandoned plans for its rival Willis Tower Watson takeover, following an announcement about early stage-talks about an all-stock bid for the Irish insurance brokerage.

Thu, 07 Mar 2019 10:58:12 GMT

Bank of England is expected to cut interest rates

One of the Bank of England's policy makers Silvana Tenreyro revealed on Thursday that the Bank of England most likely will cut interest rates, if a no-deal Brexit occurs.

Thu, 07 Mar 2019 10:58:02 GMT

Euro declines prior to ECB

On Thursday, as the financial markets were waiting for the ECB rate announcement and subsequent press conference, the Euro was declining in value. The decline could be explained by expectations of an easing monetary policy announcement.

Thu, 07 Mar 2019 10:27:31 GMT

Spain's Grifols ties up with Shanghai RAAS

On Thursday, Spain's blood products firm Grifols announced it had formed a strategic alliance with the Chinese group Shanghai RAAS, seeking to boost its plasma-derived products sales in China.

Thu, 07 Mar 2019 10:23:28 GMT

Apollo Global to acquire Direct ChassisLink

Apollo Global Management, the buyout firm, agreed to buy the US biggest chassis leasing and rental company, Direct ChassisLink, in a deal worth $2.5B including debt.

Thu, 07 Mar 2019 09:29:56 GMT

Hugo Boss sees robust growth in Asia, online

Hugo Boss, the German fashion house, stated on Thursday its operating profit was likely to increase faster than its sales this year, estimating a strong growth in Asia and online business.

Thu, 07 Mar 2019 09:05:06 GMT

Brexit may be postponed if MPs reject deal

The UK Finance Minister Philip Hammond stated on Thursday that Britain was likely to delay its withdrawal from the EU bloc, if MPs rejected the Prime Minister Theresa May's proposed deal in the next week's vote.

Thu, 07 Mar 2019 07:54:04 GMT

National Grid to acquire US solar energy developer

On Thursday, National Grid, the electricity & gas utility firm, said it had agreed to acquire Geronimo Energy, the US solar and wind energy developer, in a deal valued no less than at $100M.

Thu, 07 Mar 2019 07:50:38 GMT

Giant-backed healthcare JV to be called Haven

JPMorgan Chase & Co, Berkshire Hathaway and Amazon.com announced their healthcare joint venture had been given a name Haven, the company that would focus on simpler insurance benefits, better access to primary care and affordable prescription drugs necessary for their employees.

Thu, 07 Mar 2019 07:39:18 GMT

GE considers to sell stake in JV Enel

General Electric is considering to sell its 50% stake in the renewable energy JV with Italy's Enel, which would potentially help the company's CEO Lawrence Culp to pay down a debt.

Thu, 07 Mar 2019 07:36:09 GMT

NBA plans content offer via Alibaba platforms

The National Basketball Association is set to offer its Chinese fans the original programming and easy way to purchase league gear via the e-commerce giant Alibaba, it announced on Wednesday.

Thu, 07 Mar 2019 04:51:52 GMT

China's exports likely falling markedly in Feruary

China's exports likely contracted by most in two years in February, while imports declined for a third month in succession, a Reuters poll revealed, heightening anxiety on whether Beijing and Washington can resolve differences over trade.

Thu, 07 Mar 2019 04:51:44 GMT

Intesa sticks by business plan targets in spite of economic slowdown

Italy's largest retail bank Intesa Sanpaolo confirmed targets set in February 2017 under a business plan to 2021 in spite of the country's worsening economy, the CEO said.

Thu, 07 Mar 2019 04:21:42 GMT

Uber to extend operations in Germany this year

Ride-hailing firm Uber Technologies announced plans to expand into additional cities in Germany in 2019, the company's European Chief told a newspaper.

Thu, 07 Mar 2019 04:16:22 GMT

China to collect profits from country's financial institutions

China's Finance Minister stated that the government is set to collect higher profits from certain financial institutions owned by the state and centrally-owned firms, aiming to support fiscal revenue.

Thu, 07 Mar 2019 03:35:58 GMT

Amazon to close pop-up stores in US, focus on book stores

Amazon.com is expected close all of pop-up stores in the United States and focus on opening book stores, the company's spokesperson stated.

Thu, 07 Mar 2019 03:32:19 GMT

Hyundai to suspend production at China's plant

Hyundai Motor was considering a plan to suspend production at the oldest plant in China, the carmaker stated, as the company reels from falling sales and massive overcapacity in the biggest market.

Wed, 06 Mar 2019 21:16:40 GMT

India to export $75B in gems, jewellery

India plans to export $75B in gems and jewellery by the year 2025, the Union Minister for Commerce and Industry Suresh Prabhu says.

Wed, 06 Mar 2019 21:15:57 GMT

BB&T to return $5M to investors

BB&T Securities agreed to return $5M to investors as the company misled clients about the cost of services, the US Securities and Exchange Commission reports.

Wed, 06 Mar 2019 20:34:32 GMT

Vietnam motorbike imports increase

Vietnam has imported $114M of motorbikes and their components in the first two months of 2019, an increase of 41.5% compared to 2018, the Ministry of Industry and Trade reports.

Wed, 06 Mar 2019 20:34:24 GMT

Number of road passengers rises in North Macedonia

The number of road passengers in North Macedonia increased 12.4% in the fourth quarter of 2018, compared to 2017, the State Statistical Office reports.

Wed, 06 Mar 2019 18:53:42 GMT

Vietnam e-commerce expands

The e-commerce sector in Vietnam reached $2.26B in 2018, an increase of 30% compared to the prior year, the German market research company Statista reports.

Wed, 06 Mar 2019 18:52:50 GMT

US trade deficit reaches 10-year high

The US trade deficit reached $621B in 2018, the highest level in ten years, data released by the US Department of Commerce shows.

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