News

Note: This section contains information in English only.
Mon, 07 Jan 2019 15:25:33 GMT

China's Geely views flat car sales in 2019 as market struggles

The Chinese largest carmaker Geely is expecting its sales growth to be sluggish this year, as China's vehicle market struggles from economic slowdown and cautious consumers.

Mon, 07 Jan 2019 15:14:59 GMT

Nucor to build $1.35B worth plate mill in US Midwest

On Monday, the US steel producer Nucor stated it would set up a plate mill worth around $1.35B in the US Midwest, gaining the federal tax cuts advantage that brought significant incomes to several firms.

Mon, 07 Jan 2019 14:34:17 GMT

China has chances to work with US to resolve trade dispute

On Monday, the US Foreign Ministry stated that China had a "good faith" to cooperate with Washington to resolve their trade issues, as two countries revived talks over the dispute end.

Mon, 07 Jan 2019 14:29:36 GMT

Lilly to acquire Loxo Oncology for $8.0B

Eli Lilly is set to acquire Loxo Oncology for around $8.0B in cash, purchasing into the targeted medicines portfolio to help treating cancers caused by gene mutations.

Mon, 07 Jan 2019 12:34:41 GMT

Dubai residential RE prices likely to drop by 5%-10% in 2019

On Monday, the Middle East CEO of Savills stated that the residential prices on real estate in Dubai are expected to plunge by up to 10% in the current year, weakened by lower oil prices and strong dollar.

Mon, 07 Jan 2019 12:30:10 GMT

Assets worth about £800B to move from Britain to EU

According to the EY consultancy, assets valued at about £800B are moved from the UK to European Union's new financial hubs due to Brexit.

Mon, 07 Jan 2019 11:14:52 GMT

China and US resume trade talks

On Monday, Chinese officials expressed what they called good faith to the US, as the US and Chinese trade talks resumed.

Mon, 07 Jan 2019 11:14:28 GMT

Oil prices increase by two percent

On Monday, Crude Oil price benchmarks surged by two percent. Financial media affiliated the surge to an OPEC production cut. Although, note that tensions were rising in Nigerian oil fields where militant groups had attacked oil production facilities.

Mon, 07 Jan 2019 10:38:23 GMT

Southwest Airlines' co-founder dies at 87

The pioneering Southwest Airlines' co-founder Herb Kelleher passed away last week at the age of 87, the US low-cost carrier announced.

Mon, 07 Jan 2019 10:35:52 GMT

US employment growth seen rising in December

The US employment growth likely increased by 312K jobs in December with the wages seen to have risen solidly by 0.4%, compared to the preceding month's reading of 0.2%.

Mon, 07 Jan 2019 09:22:54 GMT

Apple signs deal with Samsung to distribute iTunes content on TVs

On Sunday, Samsung Electronics announced it would add a new tool to its smart TVs in the near future to allow its owners to watch shows bought on Apple's iTunes service, as two companies had clinched a deal.

Mon, 07 Jan 2019 09:17:51 GMT

Ghosn's lawyers set to give news conference on Tuesday

Lawyers of the former Nissan Motor's Chairman Carlos Ghosn will give news conference this Tuesday in their first public public appearance, the FCCJ announced on Monday.

Mon, 07 Jan 2019 08:39:39 GMT

China's tech investors leave Silicon Valley amid Trump's scrutiny

The new policies at banning China's access to the US innovation imposed by the Trump Administration have halted the investment into American start-ups, facing tightening scrutiny from Washington.

Mon, 07 Jan 2019 08:36:09 GMT

Regeneron, Sanofi reorganise immuno-oncology deal

Healthcare companies Regeneron and Sanofi have reorganised their immuno-oncology deal, making Sanofi to pay about $582M to its US partner.

Mon, 07 Jan 2019 07:28:47 GMT

Australia's Healius rejects Jangho's $1.21B takeover bid

Healius, Australia's medical centre operator, rejected a $1.21B buyout approach on Monday from the Chinese firm Jangho Group, saying the bid undervalued the company.

Mon, 07 Jan 2019 07:24:57 GMT

Tesla set to break ground for Shanghai Gigafactory on Monday

Tesla is set to launch construction of its Gigafactory in Shanghai on Monday, seeking to start making the company's Model 3 electric cars by the end of this year, the CEO Elon Musk announced.

Mon, 07 Jan 2019 06:06:02 GMT

Huawei rolls out new server chipset amid import reliance cut

On Monday, Huawei Technologies has launched a new server chipset, as China pushes to boost the firm's chip-making capabilities and cut its reliance on imports from such countries as the United States.

Mon, 07 Jan 2019 05:58:23 GMT

CBS News President steps down

David Rhodes, the CBS News President, is planning to step down and will be replaced by the senior executive producer Susan Zirinsky, starting March 1, the company reported on Monday, still remaining in the media firm as a senior adviser to the CBS CEO Joe Ianniello.

Mon, 07 Jan 2019 05:38:41 GMT

Takeda has no intention for its OTC drug business sale

Takeda Pharmaceutical is not planning a sale of its over-the-counter drug business, despite a pressure to boost the company's finances, as it is nearing a $59B takeover of Shire, firm's CEO stated on Monday.

Mon, 07 Jan 2019 05:34:10 GMT

Starboard acquires Dollar Tree's stake, looks at Family Dollar business

Starboard Value, the activist investor, has bought a 1.7 stake worth $370M in the discount retailer Dollar Tree, seeking the store operator to sell the Family Dollar business.

Mon, 07 Jan 2019 03:47:32 GMT

Samsung Electronics ready for profit drop amid Chinese slowdown

Samsung Electronics is expected to post the first drop in operating profit for the quarter in two years due to slowing China's economic growth, the key market for the company, eroding demand for its products.

Mon, 07 Jan 2019 03:43:01 GMT

UK factories see border delays as main Brexit risk

More than three-quarters of the UK manufacturers anticipated border delays after Brexit to be the risk for the business, a survey revealed.

Mon, 07 Jan 2019 03:29:21 GMT

Japan's services sector's growth weakest in three months

Growth in the Japanese services sector decreased in December to the weakest in three months amid some reduction of growth momentum in creating new business at the 2018 year, a private

Mon, 07 Jan 2019 03:18:39 GMT

Israel's diamond exports fall 1.3% in 2018

Israeli diamond exports dropped 1.3% in 2018 to $6.73B compared with 2017, according to the state's Ministry of Economy's report.

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