News

Note: This section contains information in English only.
Wed, 15 Jan 2020 17:52:52 GMT

Amazon makes order for electric vans from StreetScooter

Amazon.com has made an order from the Deutsche Post-owned unit, StreetScooter, for 40 electric vans for Germany's Munich deliveries on the back of the online retailer's plan to become carbon neutral until 2040.

Wed, 15 Jan 2020 17:00:08 GMT

Brazil's Ebanx rolls out digital wallets for 10K consumers

On Wednesday, the Brazilian payments start-up Ebanx has started offering digital wallets to 10K consumers on a test basis, as the fintech firm seeks to expand its portfolio of products beyond services to the e-commerce platforms.

Wed, 15 Jan 2020 16:18:48 GMT

BlackRock tops profit expectations amid record assets

On Wednesday, the world's biggest asset manager BlackRock topped analysts' forecasts for its Q4 profit, boosted by robust flows into the company's exchange-traded fund business, which raised overall assets to their record-high of $7.43 trillion.

Wed, 15 Jan 2020 15:31:11 GMT

Trump agrees with UK PM Johnson over 'Trump deal' for Iran

The US President Donald Trump stated that he had agreed with the British Prime Minister Boris Johnson's comment that the Iran's nuclear deal should be replaced by the "Trump deal".

Wed, 15 Jan 2020 14:39:23 GMT

China Q4 growth seen holding at 6.0%

China's economic growth is seen holding at the weakest pace in about 30 years in its Q4 due to sluggish demand at home and overseas, according to a Reuters report published on Wednesday.

Wed, 15 Jan 2020 12:52:17 GMT

EU Commission slams Portugal's budget

The European Commission stated on Wednesday that the Portugese budget for this year was at the risk of breaking the EU fiscal regulations amid of inability to get rid of the structural deficit.

Wed, 15 Jan 2020 12:04:35 GMT

BoA Q4 profit down 4%

On Wednesday, Bank of America (BoA) reported a 4% fall of its Q4 profit amid low interest rate, which influenced the ability to earn from loan issuance.

Wed, 15 Jan 2020 10:47:28 GMT

Banco Sabadell picks IBM for €1B IT upgrade

Spain's Banco Sabadell has hired IBM for a €1.0B overhaul of the IT systems in the following ten years, seeking to make it more efficient and leaner to handle more transactions and data from customers´ smartphones.

Wed, 15 Jan 2020 10:23:30 GMT

German GDP grew 0.6% last year

Germany's 2019 economy grew by 0.6%, the weakest rate of expansion since 2013, marking a slowdown from the prior year, according to the Federal Statistics Office's preliminary estimate published on Wednesday.

Wed, 15 Jan 2020 09:39:13 GMT

Malaysia Airlines halts Boeing 737 MAX deliveries due to jet's grounding

On Wednesday, Malaysia Airlines announced it suspended the deliveries of 25 Boeing's 737 MAX jets, due to the aircraft's postponed return to service after it was grounded in 2019 following two crashes.

Wed, 15 Jan 2020 08:38:45 GMT

Hyundai launches its first Genesis SUV

On Wednesday, Hyundai Motor Co has released its first sport-utility vehicle under the Genesis brand, in a likely crucial move for the South Korean carmaker's expansion in the overseas markets.

Wed, 15 Jan 2020 07:27:09 GMT

UK clinches deal to rescue Flybe airline

The British government has reached a deal to rescue the regional carrier Flybe by promising to review industry taxation, while shareholders pledged to invest more money to avoid the airline's collapse.

Wed, 15 Jan 2020 06:13:47 GMT

Ing-wen asks China to review policy

On Wednesday, the Taiwanese President Tsai Ing-wen asked China to review its current policy towards Taiwan.

Wed, 15 Jan 2020 05:09:14 GMT

Stocks decline on Wednesday

Asian shares edged lower on Wednesday, as investors and traders await the signing of phase one of the US-China trade agreement.

Wed, 15 Jan 2020 04:02:59 GMT

Wells Fargo's profit declines

On Tuesday, Wells Fargo & Co reported a 55% decline in the Q4 profit, as the company's new CEO Charles Scharf put aside extra $1.5B for legal costs.

Wed, 15 Jan 2020 02:58:48 GMT

JPMorgan posts biggest-ever annual profit

Shares of JPMorgan Chase edged higher by 2% in the premarket trading on Tuesday, after the company reported its highest annual profit.

Tue, 14 Jan 2020 20:43:31 GMT

UK bans betting via credit cards

The British government banned the use of credit cards to place bets, aiming to tackle gambling addiction.

Tue, 14 Jan 2020 19:44:01 GMT

Germany to upgrad railway network

Germany signed an agreement with its railway operator Deutsche Bahn to invest €86B over the next 10 years to upgrade railway network.

Tue, 14 Jan 2020 19:13:16 GMT

Nokia to slash 180 jobs, but invest in 5G

Finland's telecoms equipment producer Nokia announced plans to cut nearly 180 jobs in Finland in 2020, while also planning more investments in 5G technologies.

Tue, 14 Jan 2020 17:44:44 GMT

Travel app Omio to roll out operations in North America

Omio, the Berlin-based online travel firm, is expanding its services in North America, joining other EU fintech and mobility start-ups in willingness to boost operations in the largest tourism and travel market in the world.

Tue, 14 Jan 2020 16:44:23 GMT

JPMorgan posts 21% jump in quarterly profit

On Tuesday, the largest US bank JPMorgan Chase reported a 21% surge in its quarterly profit to $8.52B (or $2.52 per share), boosted by higher underwriting fees and strength in the lender's trading business.

Tue, 14 Jan 2020 15:46:50 GMT

Visa to acquire fintech startup Plaid for $5.3B

Visa Inc agreed to acquire Plaid Inc, the privately-owned software start-up, in a deal worth $5.3B that will expand access of the payments giant to the rapid-growing financial technology space.

Tue, 14 Jan 2020 14:55:30 GMT

Brookfield Renewable makes buyout offer for TerraForm

Brookfield Renewable Partners offered to acquire a 38% stake of TerraForm Power Inc, potentially valuing the electricity firm at $3.93B, as Brookfield seeks to expand its power portfolio.

Tue, 14 Jan 2020 13:06:43 GMT

Brazil's Vale seeks to raise stake in power generation firm

The Brazilian miner Vale has entered talks to raise its stake in the energy generation joint venture, Aliança Energia, set up with Companhia Energética de Minas Gerais in 2015, Valor Econômico reported on Tuesday.

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