News

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Sat, 11 Jan 2020 16:11:27 GMT

Vietnam state budget up 8.7% in 2019

The Vietnamese state budget has increased to $67.4B in 2019, an increase of 8.7% from the previous year, the Ministry of Finance reports.

Sat, 11 Jan 2020 15:00:43 GMT

Shanghai attracts record foreign capital in 2019

Shanghai has attracted $19.05B of foreign capital in 2019, a record high in the city's history, a statement published by the municipal government shows.

Sat, 11 Jan 2020 14:01:01 GMT

Cambodia attracts $3.6B FDI in 2019

Cambodia has attracted $3.6B of foreign direct investment in 2019, an increase of 12%, compared to the same period the previous year, a report published by the National Bank of Cambodia shows.

Sat, 11 Jan 2020 13:00:03 GMT

Russia inflation slows to 3% in 2019

The inflation rate in Russia declined to 3% in 2019 from 4.3% in 2018, a statement published by the official statistics service Rosstat shows.

Sat, 11 Jan 2020 12:05:31 GMT

Around 1.67M tourists visit Maldives in 2019

More than 1.67M tourists have visited Maldives in 2019, exceeding a target of 1.5M visitors for 2019, the Minister of Tourism Ali Waheed says.

Sat, 11 Jan 2020 11:27:53 GMT

Over 9.4M tourists visit Tunisia in 2019

More than 9.4M tourists have visited Tunisia in 2019, an increase of 13.6%, compared to the same period the prior year, the Ministry of Tourism in Tunisia reports.

Sat, 11 Jan 2020 10:20:35 GMT

Boeing's Muilenburg leaves with $62M compensation

Dennis Muilenburg, the Chief Executive Officer of Boeing Co, has received $62M compensation after leaving the company in December following the 737 MAX scandal.

Sat, 11 Jan 2020 09:23:15 GMT

China refuses to cut NEV subsidies

The Chinese Minister for Industry and IT Miao Wei announced on Saturday that China would not reduce subsidies for new energy vehicles (NEV) this summer.

Sat, 11 Jan 2020 08:25:36 GMT

Fan Yifei calls for pension investment promotion

Fan Yifei, the Vice Governor of the People's Bank of China, called on Saturday for promotion of pension investment to support capital markets.

Sat, 11 Jan 2020 07:19:19 GMT

ADNOC CEO evaluates economy growth

Sultan al-Jaber, the CEO of Abu Dhabi National Oil Co (ADNOC), stated on Saturday that this year world economy would show a better growth rate than a year before.

Sat, 11 Jan 2020 05:52:59 GMT

Temasek, Brookfield team up to bid for Thyssenkrupp elevator

According to two people with knowledge of the matter, Temasek Holdings and Brookfield Asset Management have teamed up to bid for Thyssenkrupp's elevator division.

Sat, 11 Jan 2020 04:53:22 GMT

Pelosi to send articles of impeachment to Senate

Nancy Pelosi, the Speaker of the US House of Representatives, said on Friday that she would send the articles of impeachment to the US Senate next week.

Sat, 11 Jan 2020 03:54:17 GMT

Goldman Sachs launches mobile bank app for Marcus

Goldman Sachs has launched a mobile app for online bank Marcus. The app was released this week and is available on the Apple app store and android.

Fri, 10 Jan 2020 20:54:50 GMT

Growing demand for SUVs could offset benefits from EV

Growing demand for SUVs in the US, China, Europe and Asia prompted record sales for automakers in 2019, including Mercedes and BMW, leaving the carmakers on a colliding path with climate policy.

Fri, 10 Jan 2020 19:59:16 GMT

Takeaway.com wins battle for Britain's Just Eat

Takeaway.com announced on Friday that 80.4% of Britain's Just Eat shareholders had agreed to its all-share offer.

Fri, 10 Jan 2020 18:58:35 GMT

Brazil's Caixa Economica plans to sell more stakes

On Friday, Pedro Guimaraes, the CEO of Caixa Economica Federal, said that the firm plans to sell further stakes in companies like Alupar Investimento, BRK Ambiental and VLI Logistica.

Fri, 10 Jan 2020 18:01:11 GMT

Temasek, Brookfield team up to bid for Thyssenkrupp elevator

According to two people with knowledge of the matter, Temasek Holdings and Brookfield Asset Management have teamed up to bid for Thyssenkrupp's elevator division.

Fri, 10 Jan 2020 17:10:39 GMT

SK Innovation to expand in US, Hungary

SK Innovation Co announced plans to build its second EV battery factory in the US and considered expanding factory in Hungary to meet demand for EV cells.

Fri, 10 Jan 2020 15:42:55 GMT

BMW sells 2.52M vehicles in 2019

BMW stated that it sold 2.52M BMW, Rolls-Royce and Mini cars last year, becoming the best-selling vehicle group ahead of Daimler.

Fri, 10 Jan 2020 15:12:12 GMT

China's Ucommune finds lender for its IPO

Ucommune, Chian's shared workspace provider, has found a little-known US investment lender for its planned initial public offering, as Citigroup and Credit Suisse rejected an offer to underwrite it.

Fri, 10 Jan 2020 14:24:20 GMT

Jaguar Land Rover's sales drop last year

Full-year sales in Jaguar Land Rover slipped 6% in 2019, the carmaker reported on Friday, as the performance was hit by slowing demand for diesel cars in Europe and weakening Chinese vehicles market.

Fri, 10 Jan 2020 12:41:37 GMT

China's Ctrip explores Hong Kong listing

Ctrip, the US-listed online travel group, has entered talks with banks over a potential secondary Hong Kong listing, planning to follow Alibaba Group in establishing a base of investors closer to China.

Fri, 10 Jan 2020 12:16:51 GMT

JLR's sales drop last year

Full-year sales in Jaguar Land Rover slipped 6% in 2019, the carmaker reported on Friday, as the performance was hit by slowing demand for diesel cars in Europe and weakening Chinese vehicles market.

Fri, 10 Jan 2020 10:46:27 GMT

Oil prices decline

During Friday's European morning trading hours, crude oil price benchmarks declined down to the $65 mark. The decline was caused by higher than forecast amassing of US oil inventories.

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