News

Note: This section contains information in English only.
Wed, 12 Feb 2020 09:03:18 GMT

T-Mobile-Sprint merger deal gets approval from US judge

US federal judge has granted approval for the T-Mobile US and Sprint Corp merger, rejecting a claim filed by a states group that the proposed deal would raise prices and violate antitrust laws.

Wed, 12 Feb 2020 07:46:41 GMT

JPMorgan chosen as adviser for Turkish Motorway's stake sale

JPMorgan has been chosen as a stake sale adviser in the $7.3B Turkish motorway, Reuters reported on Wednesday.

Wed, 12 Feb 2020 07:35:18 GMT

Lyft sees slower revenue growth in 2020

Lyft Inc announced it is expecting slower growth in its 2020 revenue and would leave the company's target profit date unchanged.

Wed, 12 Feb 2020 06:13:58 GMT

Taiwan's Foxconn targets 50% China production

According to a source with direct knowledge of the matter, Foxconn, the world's largest contract electronics maker, plans to resume half of its production in China before the end of February.

Wed, 12 Feb 2020 05:03:03 GMT

Samsung unveils foldable smartphone

Samsung Electronics, the world's biggest smartphone maker, unveiled a new fordable smartphone, the Galaxy Z Flip on Tuesday.

Wed, 12 Feb 2020 04:02:17 GMT

Carney says more investment needed to boost UK economy

On Tuesday, the Governor of the Bank of England Mark Carney said that more investment is needed to boost Britain's economy growth.

Wed, 12 Feb 2020 02:56:39 GMT

Aerolineas Argentinas to add new flights to Madrid and NY

On Tuesday, Aerolineas Argentinas's Chairman announced that the company would add new flights to Madrid and New York.

Tue, 11 Feb 2020 20:52:05 GMT

WeWork reveals plan to achieve free cash flow

On Tuesday, WeWork's Chairman Marcelo Claure revealed its plans to achieve free cash flow of over $1 billion by 2024.

Tue, 11 Feb 2020 19:51:26 GMT

Carney says more investment needed to boost UK economy

On Tuesday, the Governor of the Bank of England Mark Carney said that more investment is needed to boost Britain's economy growth.

Tue, 11 Feb 2020 18:50:33 GMT

Fed's Chair Powell says US economy is in good place

On Tuesday, Jerome Powell, the US Federal Reserve Chairman, told the US House of Representatives that the United States economy is in a very good place.

Tue, 11 Feb 2020 18:20:18 GMT

Aerolineas Argentinas to add new flights to Madrid and NY

On Tuesday, Aerolineas Argentinas's Chairman announced that the company would add new flights to Madrid and New York.

Tue, 11 Feb 2020 16:52:15 GMT

Samsung to roll out square-shaped foldable smartphone

Samsung Electronics is planning to unveil its new, square-shaped foldable phone on Tuesday, as well as the updated versions of the Galaxy S range flagship, seeking to boost sales and challenge its main rival Apple Inc.

Tue, 11 Feb 2020 15:41:16 GMT

Honda to resume car output in China on Feb. 17

On Tuesday, Honda Motor announced it would likely to restart its component and vehicle production at the majority of the Chinese factories from February 17, after the suspension over the coronavirus outbreak.

Tue, 11 Feb 2020 14:43:29 GMT

JPMorgan seeks merging Quorum with ConsenSys

JPMorgan Chase has entered talks over merging Quorum, its marquee blockchain division, with Brooklyn-based start-up ConsenSys, with the deal to be likely announced within the following six months.

Tue, 11 Feb 2020 13:58:26 GMT

Deutsche Bank picks US tech firms for makeover

Deutsche Bank invited bids from Amazon, Google and Microsoft to overhaul its fragmented and outdated technology networks, as part of its $14.20B technology investment on the back of the German bank's restructuring.

Tue, 11 Feb 2020 12:54:51 GMT

Daimler posts fall in 2019 profit

Daimler reported a 64% drop in its 2019 net profit, the largest fall in the last ten years, despite record-high Mercedes-Benz's sales results, while shares of the German carmaker rose 2% on Tuesday.

Tue, 11 Feb 2020 12:13:02 GMT

AMS beats Q4 revenue estimates, sees sales slowing

The sensor specialist AMS posted its Q4 revenues above the forecast due to strong demand for the high-end smartphones; however, sees its revenues slowing in the Q1 even without a negative impact from the coronavirus.

Tue, 11 Feb 2020 09:56:32 GMT

Honda to resume car output in China on Feb. 17

On Tuesday, Honda Motor announced it would likely to restart its component and vehicle production at the majority of the Chinese factories from February 17, after the suspension over the coronavirus outbreak.

Tue, 11 Feb 2020 08:47:33 GMT

Michelin shares drop on 2020 operating income outlook

Shares in Michelin plunged 1.2% on Tuesday following a report revealed by the company that forecast a lower 2020 operating income and flagged uncertainty to the French tire maker business due to the coronavirus outbreak in China.

Tue, 11 Feb 2020 07:52:38 GMT

Deutsche Bank plans to issue $1B in AT1 securities

Deutsche Bank is planning to issue at least $1.0B in Additional Tier 1 securities on the back of the bank's intention to manage the regulatory capital requirements.

Tue, 11 Feb 2020 06:47:09 GMT

Walmart's Mexico unit reports 2.7% jump in January sales

Walmart de Mexico reported that sales at its Mexican stores open for over a year increased 2.7% last month, compared with the January 2019 results, while its total sales in the country rose 4.2% in January 2020.

Tue, 11 Feb 2020 05:41:15 GMT

Amazon appoints Sony executive as Prime's head

Amazon.com has appointed Mike Hopkins, currently chairman of Sony Pictures Television, as the head of the company's video platform "Prime", as well as TV and movie studios.

Tue, 11 Feb 2020 04:42:07 GMT

US judge likely to approve Sprint-T-Mobile merger

US district judge is likely to rule in favour of T-Mobile and Sprint merger, with the decision to be made public on Tuesday, according to the Wall Street Journal.

Tue, 11 Feb 2020 03:58:35 GMT

Geely in talks to tie up with Volvo

China's Geely Automobile has entered talks with Volvo over a possible merger of their businesses to establish a stronger global automaker with Hong Kong listings and possibly in Stockholm.

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