News

Note: This section contains information in English only.
Tue, 22 Jan 2019 10:52:33 GMT

Tesla holds talks with Chinese supplier

On Tuesday, it was revealed that the electric vehicle maker Tesla is holding talks with Tianjin Lishen about supplying batteries to Tesla's Shanghai gigafactory. The news boosted the value of the supplier.

Tue, 22 Jan 2019 10:38:44 GMT

TomTom plans Telematics unit sale for $1.03B

On Tuesday, the Dutch digital maps and navigation company TomTom stated it would sell its Telenatics fleet management unit to the Japanese firm Bridgestone in a $1.03B deal.

Tue, 22 Jan 2019 10:35:44 GMT

Foxconn tries to recruit 50K people in Q1

The Taiwanese assembler of Apple's iPhones, Foxconn, announced in Tuesday it had been trying to hire for over 50K people across China for the Q1 due to reports about mass lay-offs.

Tue, 22 Jan 2019 09:28:20 GMT

Close Brothers views "solid outcome" for half year

Close Brothers Group is expecting solid results for the British lender's fiscal half year, as its banking division's loan growth compensated the lower volumes at the firm's market maker unit.

Tue, 22 Jan 2019 09:19:49 GMT

Hugo Boss reports sales surge to 6% in Q4

On Tuesday, Hugo Boss reported a 6% rise to $889M in its key Christmas quarter, driven by robust growth in Britain, France and China, and forecast more expansion in the new year.

Tue, 22 Jan 2019 08:33:55 GMT

Passengers in Vienna Airport hit record high in 2018

On Tuesday, Vienna Airport reported an 11.3% surge in passengers for the last year to its record-high of 34.4M.

Tue, 22 Jan 2019 08:27:08 GMT

Jupiter names Formica as CEO to replace Slendebroek

Jupiter Asset Management has appointed Andrew Formica as a successor to the company's Chief Executive Maarten Slendebroek, after he announced his resignation set for March 1.

Tue, 22 Jan 2019 07:07:40 GMT

Tesla denies signing accord with China's Lishen

On Tuesday, Tesla stated it had no agreement signed with the Chinese battery maker Tianjin Lishen on supplying batteries for the electric carmakers new factory in Shanghai.

Tue, 22 Jan 2019 06:57:21 GMT

Linde aims to buy back up to $6.0B of shares

The industrial gases titan Linde is planning to launch a $6.0B worth share buyback and is seeking to acquire up to 15% of the company's outstanding shares in the time period of May 1, 2019 - February 1, 2021.

Tue, 22 Jan 2019 05:48:49 GMT

China's GDP growth declines

On Tuesday, official Chinese data revealed that the growth of the GDP has declined due to the services and agriculture sectors. Meanwhile, construction has recovered.

Tue, 22 Jan 2019 05:48:19 GMT

Chinese drone maker reveals major scam

The world's largest drone maker the Chinese SZ DJI Technology Company revealed that the company's employees were inflating costs for the purpose of personal gain. In total the inflation amassed to $150 million during 2018.

Tue, 22 Jan 2019 05:33:03 GMT

Amazon starts direct sales in Brazil

After months of delay Amazon launched its in-house delivery and fulfilment network in the country of Brazil. The delay was caused by a complex tax system and issues with local logistics.

Tue, 22 Jan 2019 05:32:21 GMT

Fund managers switch to bonds

On Tuesday, Reuters revealed that, although various macroeconomic indicators show that the Chinese economy is slowing down, many funds are investing in Chinese bonds.

Tue, 22 Jan 2019 04:16:41 GMT

Apollo close to $3.8B deal for RPC

Private equity firm Apollo Global Management was in advanced talks to buy the EU largest plastics packaging producer RPC Group for more than $3.8B, the Wall Street Journal reported.

Tue, 22 Jan 2019 04:16:33 GMT

Logitech's profit above estimates in Q3

Logitech International's net income was above expectations in the third quarter, as the mobile speaker and computer peripheral producer got momentum from lingering strong expansion in gaming hardware.

Tue, 22 Jan 2019 03:00:18 GMT

Japan's companies wary of raising investment due to trade war

More than a third of Japan's firms aimed to raise capex in the fiscal year begging in April, while others were worried on the impact over spending plans of the trade war between the US and China, a survey revealed.

Tue, 22 Jan 2019 02:55:15 GMT

Facebook to add 1K new positions in Ireland

The social media major Facebook is set to hire an extra 1K people at the company's international headquarters in Dublin in 2019, the second jobs announcement from the US multinational in Ireland.

Mon, 21 Jan 2019 20:59:45 GMT

Market turbulence to trigger more job cuts in asset managers

Asset managers, such as BlackRock, Balyasny Capital and AQR Capital, announced job cuts in January, bracing for more layoffs due to turmoil on the financial markets, financial analyst Kyle Sanders stated on Monday.

Mon, 21 Jan 2019 20:54:56 GMT

EU gives green light for Tesla's Model 3

Tesla received a green light for its crucial Model 3 vehicle in Europe, eliminating the final obstacle for the EU introduction of the luxury electric car expected next month.

Mon, 21 Jan 2019 20:29:12 GMT

France imposes $57M fine on Google for violating EU law

On Monday, the French data protection regulator fined Google $57M for violating the European online privacy rules, the biggest such fine imposed against the US tech giant.

Mon, 21 Jan 2019 20:25:02 GMT

PE firms to bid for Nestle's skin health unit

The private equity companies, Advent and Cinven, have tied up to bid for Nestle's skin health unit in an auction, which could value the firm at about $7.0B, sources reported on Monday.

Mon, 21 Jan 2019 18:41:55 GMT

Oil prices surge due to OPEC

On Monday, an oil price increase was attributed by the financial media to a rumoured OPEC production cut being negotiated among the oil producing countries.

Mon, 21 Jan 2019 18:41:15 GMT

Econet Wireless restores Zimbabwe's internet

The biggest mobile operator of Zimbabwe, Econet Wirwless, has restored all social media and internet services in the country. Previously the services were off due to a government order that was overruled by the country's court system.

Mon, 21 Jan 2019 18:28:48 GMT

Honduras sends suggestions to WTO

Officials from Honduras on Monday sent various suggestions to the WTO to tweak its rules to resolve the current judicial crisis and trade wars. The tweak would only influence how trade complaints are processed.

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