News

Note: This section contains information in English only.
Fri, 24 Jan 2020 05:44:26 GMT

Intel expects 2020 revenue to top forecasts

Intel Corp is expecting its 2020 profit and revenue to beat analysts' forecasts, as demand for the company's chips and cloud computing is starting to recover, Intel's CFO George Davis said.

Fri, 24 Jan 2020 05:01:40 GMT

Tesla becomes world's new second most valuable automaker

Tesla Inc overtook Germany's Volkswagen as the second most valuable automaker in the world behind Japan's Toyota, on the meteoric surge in the US electric vehicle manufacturer's shares that reshuffled the global market.

Fri, 24 Jan 2020 03:54:01 GMT

Broadcom plans supplying wireless components to Apple

The chipmaker Broadcom announced the two multi-year agreements signed with Apple Inc to supply wireless components used in the tech giant's products, sending Broadcom's shares up 2% on the news.

Fri, 24 Jan 2020 03:24:32 GMT

Xerox to name candidates to new HP board

Xerox Holdings is planning a nomination of 11 independent candidates to a new HP board, as it seeks to take control over the personal computer producer after a few rejections of its $33.5B buyout offer.

Thu, 23 Jan 2020 21:01:29 GMT

Portugal's CMVM investigates firms co-owned by dos Santos

On Thursday, Portugal's market regulator has launched investigations into several firms co-owned by Isabel dos Santos, the daughter of Angola's former President Jose Eduardo dos Santos.

Thu, 23 Jan 2020 20:08:28 GMT

German government to raise 2020 growth outlook

According to the Handelsblatt report on Thursday, Germany's government would slightly increase its economic growth forecast by 1.1 or 1.2% in 2020.

Thu, 23 Jan 2020 20:07:43 GMT

Portugal's CMVM investigates firms co-owned by dos Santos

On Thursday, Portugal's market regulator launched investigations into several firms, co-owned by Isabel dos Santos, the daughter of Angola's former President Jose Eduardo dos Santos.

Thu, 23 Jan 2020 19:05:12 GMT

Takeaway.com says UK's CMA may investigate Just Eat deal

On Thursday, Takeaway.com said that the UK competition watchdog could investigate the multi-billion-dollar Just Eat deal.

Thu, 23 Jan 2020 17:44:11 GMT

EIB signs €180M loan to finance airport in Greece

The European Investment Bank signed a €180M loan deal with Greece in order to help the country to pay its part for Crete's new airport.

Thu, 23 Jan 2020 16:44:36 GMT

Morrisons to cut 3K management

The UK supermarket group Morrisons announced plans to cut 3K management jobs within a workforce restructuring, which will create 7K frontline jobs in stores.

Thu, 23 Jan 2020 15:43:57 GMT

Mercedes EV production target slashed to 30K

Daimler reduced its 2020 output targets for the Mercedes-Benz EQC electric vehicle to 30K from nearly 60K due to battery cells' supply shortage from LG Chem.

Thu, 23 Jan 2020 14:52:51 GMT

BP names new finance chief

BP hs appointed Bernard Looney as the oil and gas company's new finance chief to succeed Brian Gilvary, who is set to resign in June eight years after being in the role.

Thu, 23 Jan 2020 13:40:12 GMT

STMicro Q4 earnings top estimates

On Thursday, the Q4 results of STMicroelectronics, the Franco-Italian chipmaker, exceeded analysts expectations on demand for the next-generation chips that helped to offset a decline in traditional products.

Thu, 23 Jan 2020 12:57:28 GMT

Bain Capital plans to buy Japan's Showa Aircraft for $633 million

Bain Capital, the US private equity firm, is planning to acquire the Japanese transportation equipment maker Showa Aircraft Industry from the heavy industry group Mitsui E&S Holdings in a deal worth $633M.

Thu, 23 Jan 2020 11:49:38 GMT

Google finds security flaws in Apple's web browser: FT

Google researchers found security flaws in Apple's Safari web browser in a specifically designed tool for privacy protection, which allowed to track its users' browsing behaviour, according to the Financial Times report.

Thu, 23 Jan 2020 10:43:07 GMT

HK Exchange Fund posts record income

On Thursday, the Monetary Authority of Hong Kong revealed that the Hong Kong Exchange Fund that backs the HK Dollar in 2019 reached the second highest income in its history.

Thu, 23 Jan 2020 10:31:40 GMT

Ex-Seat CEO likely to be in talks with Renault

Volkswagen's chief executive said to CNBC on Thursday that the former CEO of VW's Spanish brand Seat, Luca de Meo, was potentially in talks with the French carmaker Renault.

Thu, 23 Jan 2020 08:44:08 GMT

UK to make Huawei decision soon

Britain is set to pass its verdict soon on the role the Chinese giant Huawei will have in the country's 5G telecommunications network, given there are only a couple of alternative providers, business minister said on Thursday.

Thu, 23 Jan 2020 08:23:15 GMT

Netflix tops estimates for subscribers in Q4

Netflix reported it had added 8.76M paid global subscribers in the Q4, beating Wall Street's estimates, on the back of new competition from Walt Disney and Apple streaming services.

Thu, 23 Jan 2020 06:04:47 GMT

Ford anticipates $2.2B pre-tax hit in Q4

Ford Motor announced its expectations for fourth quarter results to be hit by a pre-tax loss of nearly $2.2B amid higher contributions to employees pension plans.

Thu, 23 Jan 2020 04:36:05 GMT

Real estate developer to buy Philadelphia refinery

Hilco Redevelopment Partners, the real estate developer, entered into a $240M deal to buy the Philadelphia Energy Solutions oil refinery.

Wed, 22 Jan 2020 22:25:06 GMT

Rogers to spend up to C$2.9B this year

Rogers Communications is set to spend up to C$2.9B in 2020 to expand the company's communications infrastructure in Canada, including for 5G.

Wed, 22 Jan 2020 20:47:14 GMT

FCA head notes progress in Peugeot merger talks

Fiat Chrysler's CEO Michael Manley has highlighted on Wednesday the merger talks between the Italian-American corporation and France' PSA Group to build the world's No. 4 automaker were progressing well, expressing hopes for a deal to be signed in 12-14 months.

Wed, 22 Jan 2020 19:50:48 GMT

Tesla's market valuation surpasses $100B

On Wednesday, Tesla Inc has become the first publicly-listed US automaker to race past $100B in market valuation, making its stock more than doubling in the last three months.

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