News

Note: This section contains information in English only.
Thu, 24 Dec 2020 12:33:11 GMT

Uzbekistan attracts $6.6B foreign direct investment

Uzbekistan attracted $6.6B in foreign direct investment in 2020 and wants to increase it to $7.6B in 2021, data published by the government show.

Thu, 24 Dec 2020 10:47:02 GMT

China launches investigation into Alibaba

China launched an antitrust probe into Alibaba Group and will summon the company's Ant Group affiliate to meet in following days, regulators stated.

Thu, 24 Dec 2020 10:20:12 GMT

Apollo to buy stake in AB InBev US can plants

Apollo Global Management said that its institutional investors' group would buy a stake of 49.9% in AB InBev's metal container plants based in the US for about $3B.

Thu, 24 Dec 2020 08:53:55 GMT

Vodafone to pay up to $2.6B for KDG

Vodafone offered more than €2B or $2.5B to buy out Kabel Deutschland's minority shareholders and end a legal battle over the cable firm with Elliott and others.

Thu, 24 Dec 2020 08:13:09 GMT

Hyundai buys plant of GM in St. Petersburg

South-Korean vehicle maker Hyundai Motor completed the acquisition of a GM factory in Russia's St. Petersburg.

Thu, 24 Dec 2020 06:46:55 GMT

Siemens: no plans to sell wind power business

Siemens Energy stated that it has no plans to sell Siemens Gamesa, the CEO told Handelsblatt, following prior reports that it had received approaches for the wind turbine business.

Thu, 24 Dec 2020 05:46:46 GMT

Cairn wins over $1.2B from India

Cairn Energy announced that it won an arbitration case against the government of India on a tax dispute and was awarded damages of $1.2B plus interest and costs.

Thu, 24 Dec 2020 04:44:33 GMT

Tokyo Gas to invest $193M in Octopus Energy

Tokyo Gas announced that it would invest nearly 20B yen or $193M in the UK retail energy firm Octopus Energy and that they would form a JV in Japan to supply power to retail customers.

Thu, 24 Dec 2020 04:13:43 GMT

Telecom Italia to keep Nokia as supplier

Telecom Italia is set to keep Nokia as its supplier and diminish Huawei's share of equipment purchase for building 5G network.

Wed, 23 Dec 2020 22:00:05 GMT

SBB increases Entra offer to $4B

Swedish real estate company SBB raised its stock and cash bid for Norway's Entra to 34.6B Norwegian crowns or $4.0B, exceeding an offer by Castellum.

Wed, 23 Dec 2020 21:21:40 GMT

IBM to pay $24.25M to settle FCC probes

IBM agreed to pay $24.25M to resolve investigations by the Federal Communications Commission on subsidies awarded to connect libraries and schools to broadband.

Wed, 23 Dec 2020 19:42:54 GMT

China's Ant trims some Huabei users' credit limits

China's Ant Group has reduced borrowing limits for its Huabei young users, the company announced on Wednesday, following a suspension of the fintech titan's $37B IPO by the Chinese government last month.

Wed, 23 Dec 2020 18:55:08 GMT

Lufthansa agrees on cost savings

The German airline Lufthansa agreed to secure pilot jobs until the end of March 2022 and cut costs by $548M, according to the pilots union VC's statement made on Wednesday.

Wed, 23 Dec 2020 17:42:46 GMT

Daimler readies for trucks business listing

Daimler, the German luxury carmaker, is preparing for its truck business stock market listing, according to a Handelsblatt report.

Wed, 23 Dec 2020 16:53:17 GMT

Merck supplies US govt with COVID-19 shots

On Wednesday, Merck & Co stated it is set to supply around 60K-100K doses of its treatment against COVID-19 to the US government for nearly $356M.

Wed, 23 Dec 2020 16:11:57 GMT

Unilever to roll out Whopper in LatAm, China

On Wednesday, Unilever stated it was expanding its tie-up with Burger King, as it sought to launch Whopper in China, Latin America and the Caribbean.

Wed, 23 Dec 2020 15:15:30 GMT

EU, UK heads to hold Brexit call

The head of European Commission Ursula von der Leyen is expected to have another call with the UK Prime Minister Boris Johnson regarding the Brexit trade deal this week.

Wed, 23 Dec 2020 14:36:46 GMT

Pfizer to supply 100M more COVID-19 shots to US

Pfizer is planning to supply 100M more doses of the COVID-19 vaccine to the United States by July 2021, the US drugmaker stated on Wednesday.

Wed, 23 Dec 2020 13:09:27 GMT

Futures climb ahead of US jobless data

On Wednesday, US stock index futures increased slightly ahead of the weekly unemployment claims data as well as consumer spending data.

Wed, 23 Dec 2020 12:12:59 GMT

China's WeRide attracts $200M from Yutong

On Wednesday, China's autonomous vehicle company WeRide reported it raised $200M from the bus developer Yutong Group to build self-driving buses together.

Wed, 23 Dec 2020 11:08:17 GMT

Investors expect asset surge

On Wednesday, Reuters published a report, which indicated that most investors expect a weak USD in 2021 that would boost asset rallies.

Wed, 23 Dec 2020 09:46:51 GMT

Norway extends UK flight ban from by three days

Norway has prolonged its ban on British flights by three days or more amid rising concerns over the new coronavirus strain, according to the Norwegian health ministry statement made on Wednesday.

Wed, 23 Dec 2020 09:26:29 GMT

CD Projekt sells 13M Cyberpunk 2077 copies

CD Projekt SA, Poland's video game maker, reported it had sold more than 13M copies of the Cyberpunk 2077 game by December 20, taking into account some players were demanding refunds due to bugs.

Wed, 23 Dec 2020 07:40:09 GMT

LG Electronics to set up JV with Magna

On Wednesday, South Korea's LG Electronics announced it would set up a $1B worth joint venture with Magna International, the automotive supplier, to make electric car gear.

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