News

Note: This section contains information in English only.
Thu, 02 Aug 2018 04:51:50 GMT

Southeast Asia seeks deal on cybersecurity with Russia after hacks

Southeast Asia's nations hope to get a common agreement on cybersecurity with Russia, accused by the US of meddling in the country's elections, following a series of hacks in the area..

Thu, 02 Aug 2018 04:42:37 GMT

Grab raises extra $1B funds from financial companies

Southeast Asia's ride-hailing firm Grab stated that it secured new $1B investment from financial firms, including China's Ping An Capital and OppenheimerFunds.

Thu, 02 Aug 2018 04:41:29 GMT

Starbucks partners with Alibaba for China's coffee delivery

Starbucks was partnering with Alibaba to deliver the company's coffee in China's cities, betting that the move would revive sales rise in its the second-biggest market.

Thu, 02 Aug 2018 02:58:02 GMT

Tesla marks promise of profit, as production of Model 3 steadies

Tesla stated that it would produce new Model at a profit, following several recent weeks, when output stabilised, buoying hopes that the company is likely to stanch financial losses in the H2 of this year.

Thu, 02 Aug 2018 02:54:42 GMT

T-Mobile adds more wireless subscribers

T-Mobile US stated that the company got more wireless subscribers in the Q2 than Wall Street anticipated, as the US wireless carrier invested in the network, while awaiting approval to buy its rival Sprint.

Thu, 02 Aug 2018 02:43:48 GMT

Fitbit reports smaller loss on solid smartwatch sales

Fitbit outpaced Wall Street forecasts for quarter's results, as the company's strategy to add smartwatches to product line recieved a boost in the Q2 with stronger sales for Versa.

Thu, 02 Aug 2018 02:40:31 GMT

BoJ Amamiya: Central Bank to buy bonds, when yields rise rapidly

The Deputy Governor of the Bank of Japan Masayoshi Amamiya stated that the Central Bank would buy government bonds "promptly and appropriately", if yields grew rapidly.

Wed, 01 Aug 2018 20:36:46 GMT

Grifols S.A. gets US antitrust approval for Biotest US Corp takeover

Grifols S.A., the Spanish global healthcare firm, received the US antitrust approval to acquire Biotest US Corp on the condition that it would sell certain assets, the FTC announced on Wednesday.

Wed, 01 Aug 2018 20:31:01 GMT

L'Oreal buys German vegan beauty products manufacturer

On Wednesday, L'Oreal announced it had acquires the German vegan beauty products maker Logocos Naturkosmetik, not disclosing the financial terms of the deal.

Wed, 01 Aug 2018 19:25:38 GMT

Generali plans asset management, non-life acquisitions

On Wednesday, the Italian key insurer Generali stated it was considering some acquisitions in asset management and non-life insurance as the company's cash pile grew on stronger operations and disposals.

Wed, 01 Aug 2018 19:20:55 GMT

Banks seeks over $10B debt deal to finance Johnson Controls buy-out

Banks are preparing for over $10B debt deal to finance the buy-out of the Johnson Controls International's power solutions business, the sources reported on Wednesday.

Wed, 01 Aug 2018 18:32:52 GMT

United Group attracts interest from BC Partners, Cinven

United Group, the pay TV and cable operator, drew a takeover interest from BC Partners and the EU private equity fund Cinven, before the September's auction process, sources reported.

Wed, 01 Aug 2018 18:29:12 GMT

Axa in discussion with Cinven over platform sale

On Wednesday, France's Axa stated it had launched exclusive talks with the private equity group Cinven over its variable annuity products service sale in a deal that could be valued at $1.40B.

Wed, 01 Aug 2018 17:33:12 GMT

Sprint beats analysts' estimates

On Wednesday, US telecommunications company Sprint claimed that it beat analysts' estimates for profit and new wireless subscribers in the second quarter of 2018.

Wed, 01 Aug 2018 17:25:47 GMT

WhatsApp to charge its business clients

On Wednesday, WhatsApp messaging app claimed that it is planning to start charging business customers for sending customer service and marketing messages at a fixed rate.

Wed, 01 Aug 2018 16:11:17 GMT

Pandora lures more paid subscribers, tops Wall Street's loss estimates

Pandora Media has won more paid subscribers in its Q2 that helped the music streaming firm present a smaller loss, beating the Wall Street expectations and sending its shares up 12% on Tuesday.

Wed, 01 Aug 2018 16:11:06 GMT

Major carmakers post steep decline in US car sales for July

On Wednesday, the leading carmakers posted the lower US vehicle sales for the previous month due to a major drop in passenger cars, not including Fiat Chrysler Automobiles, which reported a 6% rise in July car sales.

Wed, 01 Aug 2018 15:13:40 GMT

Tesla to raise funds for Chinese plant

On Wednesday, Bloomberg reported that electric car maker Tesla Inc is planning to raise a part of $5B needed to build a factory in Shanghai from its partners in China.

Wed, 01 Aug 2018 15:09:15 GMT

Sweden to sign $1B missile contract

On Wednesday, Swedish radio reported that this week Sweden is planning to sign a contract with American arms manufacturer Raytheon Co to buy Patriot missile air defence system.

Wed, 01 Aug 2018 14:27:59 GMT

Pence vows to protect US elections against foreign interference

Mike Pence, the US Vice President, promised on Tuesday to defend the local elections from the foreign meddling. Following Facebook's report on another effort to influence November's congressional elections via the site.

Wed, 01 Aug 2018 14:08:46 GMT

Uber gets green light to launch its services in Argentina's Mendoza

Uber Technologies has gained the approval to launch its ride-hailing services in Argentinian Mendoza province, the company announced on Tuesday.

Wed, 01 Aug 2018 12:54:31 GMT

Google to launch censored version of its search engine for China

Alphabet's Google is getting ready to introduce its search engine's censored version for China designed to block certain search terms or websites, The Intercept stated on Wednesday.

Wed, 01 Aug 2018 12:50:33 GMT

Brookfield to acquire Canada's Enercare in C$4.3B deal

Brookfield Infrastructure Partners are set to acquire Canada's homeservices firm Enercare in a deal valued at C$4.3B, amid asset management company's intention to expand across Canada.

Wed, 01 Aug 2018 12:36:07 GMT

Southeast Asian Grab to unveil $1.0B funding

Grab, Southeast Asia's ride-hailing service, is planning to launch a new investment worth $1.0B that will boost the growth of its payments business.

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