News

Note: This section contains information in English only.
Fri, 07 Aug 2020 15:32:39 GMT

Mahindra looking for investors

The Indian vehicle manufacturer Mahindra & Mahindra Limited is searching for financing partners and planning to become a leading electric car manufacturer in India.

Fri, 07 Aug 2020 14:12:41 GMT

US employment growth decelerates in July

US job growth slowed sharply in July due to a new outburst of the coronavirus infections, according to the Labor Department data published on Friday.

Fri, 07 Aug 2020 12:50:19 GMT

Mitsubishi's Chairman Masuko resigns

On Friday, Mitsubishi Motors announced its Chairman Osamu Masuko had resigned due to health issues and was succeeded by the CEO Takao Kato.

Fri, 07 Aug 2020 12:35:16 GMT

OCBC's Q2 profit drops 40%

Singapore's second-biggest lender OCBC has posted a larger-than-anticipated 40% drop in its Q2 net profit this Friday, hit by the loan-loss provisions in the market hurt by the pandemic and its customer activity slowdown.

Fri, 07 Aug 2020 11:34:50 GMT

Goldman Sachs trims quarterly earnings

On Friday, Goldman Sachs Group has cut its previously announced quarterly earnings due to setting aside additional money for the settlement with Malaysia over the 1MDB scandal.

Fri, 07 Aug 2020 10:29:02 GMT

Bezos sells $3.1B worth shares in Amazon

Jeff Bezos, Amazon.com's Chief Executive Officer, has sold $3.1B worth shares in the e-commerce giant, according to regulatory filings, Reuters reported.

Fri, 07 Aug 2020 08:49:05 GMT

Tencent shares fall over 4% on WeChat ban

On Friday, the Chinese tech giant Tencent's shares plunged over 4% after the US President Donald Trump ordered a ban of the WeChat-related US transactions.

Fri, 07 Aug 2020 08:36:19 GMT

Trump to put bans on WeChat, TikTok

The US President Donald Trump is preparing bans on the US transactions with China owners of the WeChat messaging app and TikTok, the video-sharing app, escalating tensions with Beijing and clouding the the global tech industry's future.

Fri, 07 Aug 2020 07:37:34 GMT

ICE to acquire Ellie Mae for $11B

Intercontinental Exchange is set to acquire Ellie Mae, the mortgage finance industry tech platform, from the PE company Thoma Bravo in the deal worth $11 billion.

Fri, 07 Aug 2020 05:34:06 GMT

China exports rise markedly in July

China's exports grew 7.2% in July, the fastest pace in the seven-month period, while the country's trade surplus remained at $62.33B.

Fri, 07 Aug 2020 04:53:17 GMT

Indonesia imposes 10% tax on tech firms

Indonesia added more technology firms, which will be obligated to apply 10% VAT on sales to local customers to include Disney, Facebook and TikTok.

Fri, 07 Aug 2020 03:29:19 GMT

Bezos sells $3.1B worth Amazon shares

Amazon.com Inc CEO Jeff Bezos sold his shares worth $3.1B in the e-commerce firm in recent days, regulatory filings revealed.

Thu, 06 Aug 2020 20:50:27 GMT

T-Mobile beats Q2 subscriber estimates

T-Mobile US stated that it added more postpaid subscribers than anticipated in the Q2, as more clients used its services to stay connected during coronavirus lockdowns.

Thu, 06 Aug 2020 20:10:15 GMT

World trade to decline sharply in 2020

World trade is expected to decline sharply in 2020 amid the coronavirus pandemic, a statement published by the World Trade Organization shows.

Thu, 06 Aug 2020 19:01:20 GMT

Morocco economy to shrink 2% in 2020

The economy of Morocco is expected to shrink by 2% in 2020, a statement published by the European Bank for Reconstruction and Development shows.

Thu, 06 Aug 2020 18:01:59 GMT

Cyprus GDP to contract 6.9% in 2020

The Cyprus economy is expected to contract 6.9% in 2020 amid the coronavirus pandemic, a statement published by the Research Center of the University of Cyprus shows.

Thu, 06 Aug 2020 16:09:45 GMT

Moody's cuts India growth forecast

Moody's Investors Service revised India's economic growth forecast to 0% for the fiscal year 2021, data published by the company show.

Thu, 06 Aug 2020 15:23:54 GMT

Polish economy to contract 4.25% in 2020

The Polish economy is expected to contract 4.25% in 2020 amid the COVID-19 pandemic, a report published the European Commission states.

Thu, 06 Aug 2020 13:45:11 GMT

Toyota posts smallest Q1 profit in nine years

Toyota Motor reported its Q2 operating profit plunged as much as 98% to $131.73M, the weakest Q2 profit in the last nine years, tumbled by the coronavirus pandemic that hit the carmaker's vehicle sales.

Thu, 06 Aug 2020 12:53:19 GMT

ViacomCBS tops revenue, profit estimates

ViacomCBS Inc surprised Wall Street with higher-than-expected results of its Q2 profit and revenue on Thursday, driven by robust demand for streaming and sending its shares up 7% on the news.

Thu, 06 Aug 2020 12:37:33 GMT

Facebook rolls out TikTok-like tool in Instagram

Facebook has launched "Reels", its own TikTok-like feature within the Instagram app in the US and over 50 other countries, the company announced on Thursday.

Thu, 06 Aug 2020 10:49:13 GMT

Uber to acquire UK's Autocab

On Thursday, Uber announced it would acquire Autocab, the UK tech company, in a deal that could allow the ride-sharing app to reach its customers where the service did not currently operate.

Thu, 06 Aug 2020 09:41:58 GMT

TikTok to launch EU data centre in Ireland

China's TikTok is planning to open the first EU data centre based in Ireland with the €420M investment, the popular short-video app stated on Thursday.

Thu, 06 Aug 2020 08:46:52 GMT

Adidas sees rebound in Q3 profits

On Thursday, Adidas stated it expected profit rebound in its Q3 after it dropped to a major loss in the previous quarter due to the COVID-19 lockdowns.

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