News

Note: This section contains information in English only.
Thu, 21 Nov 2019 13:53:18 GMT

SMBC expects further grounding of 737 MAX

On Thursday, Aircraft lease company SMBC Aviation Capital announced that it is not expecting a lift of the grounding of the 737 MAX airplanes until next year.

Thu, 21 Nov 2019 12:48:41 GMT

German exports to US increase

Data published by Reuters on Thursday, revealed that, despite trade tensions between the EU and the US, German exports to the United States have increased.

Thu, 21 Nov 2019 11:41:01 GMT

China invites US to negotiate

On Thursday, the Wall Street Journal reported that Chinese officials invited the United States to another round of trade negotiations.

Thu, 21 Nov 2019 10:56:04 GMT

European stocks decline

By the middle of Thursday's European trading, stock indices in Europe declined to a three week low level. The decline was attributed to a sell off that followed the recent touch of historical high levels.

Thu, 21 Nov 2019 10:25:58 GMT

Oil prices edge lower

Crude oil prices took a beating on Thursday, as tensions between Washington and Beijing over the Hong Kong protests threatened to undermine their trade talks.

Thu, 21 Nov 2019 09:00:27 GMT

Global stocks falter

On Thursday, global equity markets edged lower, as the US-China row over the Hong Kong crisis threatened to threaten trade deal hopes.

Thu, 21 Nov 2019 08:11:11 GMT

SoftBank consults Japan's top three banks for loan

According to sources with knowledge of the matter, SoftBank Group has approached Japan's top banks, namely, Mitsubishi UFJ Financial, Mizuho Financial and Sumitomo Mitsui Financial to borrow $2.8B.

Thu, 21 Nov 2019 07:24:55 GMT

PayPal to acquire Honey Science in $4.0B deal

PayPal Holdings, the US payment processor, announced it is set to acquire the privately-owned rewards platform, called Honey Science Corp, in a deal valued at about $4.0B.

Thu, 21 Nov 2019 05:52:48 GMT

DNB eyes NOK 2B cost slash

DNB is expected to expand its near-term share buybacks, while aiming to cut costs 1.5B-2B Norwegian crowns in the following three years.

Thu, 21 Nov 2019 04:47:31 GMT

Electric Mercedes-Benz SUV to debut at $67.9K

Daimler is set to start selling the company's all-electric Mercedes-Benz EQC in the US early in 2020 at a $67,900 starting price, the carmaker stated.

Thu, 21 Nov 2019 04:01:47 GMT

Continental to cut 5K positions

Continental said that it would reduce engine manufacturing activities, as emissions rules threaten demand for engine components, resulting in around 5K job cuts by 2028.

Thu, 21 Nov 2019 03:34:40 GMT

Apple to build new campus in Texas

Apple Inc announced that it started a new $1B campus construction process in Texas to house at least 5K employees, with the capacity to expand to 15K positions.

Wed, 20 Nov 2019 20:48:25 GMT

Target lifts annual outlook ahead of holiday season

Target Corp has increased its full-year profit outlook after reporting better-than-estimated Q3 results on Wednesday ahead of the winter holiday season, sending the company's shares up over 10%.

Wed, 20 Nov 2019 20:02:05 GMT

Prosus calls on Just Eat investors to accept its bid

Prosus NV, the Dutch technology firm, urged Just Eat's shareholders to accept the company's unsolicited £4.9B cash offer for the British food delivery operator by December 10, rejecting Takeaway.com's bid.

Wed, 20 Nov 2019 18:52:27 GMT

China's Pinduoduo reports bigger loss amid surging costs

On Wednesday, China's Pinduoduo reported a bigger quarterly loss of 2.34B yuan amid higher operating expenses, plunging the e-commerce firm's shares down 13% on the report.

Wed, 20 Nov 2019 17:46:19 GMT

Microsoft Teams gets over 20M daily active users

Microsoft Corp reported that Teams, the software maker's workplace messaging app that allows clients to chat, make calls and share files, surpassed over 20M daily active users, 7M more than July reading.

Wed, 20 Nov 2019 16:48:33 GMT

Alibaba attracts about $12.9B in landmark HK listing

Alibaba Group, China's e-commerce giant, has raised about $12.9B in the Hong Kong landmark listing, pricing its shares at HK$176 each; the city's biggest share sale in nine years.

Wed, 20 Nov 2019 15:47:08 GMT

Intesa seeks to boost commercial partnership with Nexi

On Wednesday, Intesa Sanpaolo revealed it had entered talks with the payments group Nexi over a potential deal that could strengthen their commercial partnership.

Wed, 20 Nov 2019 15:12:40 GMT

Lowe's raises its annual profit forecast

Lowe's Cos Inc has increased its full-year profit estimates on Wednesday, helping allay fears over the US consumer health after its bigger rival Home Depot trimmed the annual sales forecasts ahead of the winter holiday season.

Wed, 20 Nov 2019 14:22:25 GMT

Saudi Aramco plans investor meetings in Dubai, Abu Dhabi

Saudi Aramco is planning to meet investors in Dubai and Abu Dhabi next week in which the state oil giant seeks to attract about $25.6B in the world's largest share sale.

Wed, 20 Nov 2019 12:50:19 GMT

US FAA to be tougher on Boeing 777x certification

The US Federal Aviation Administration's head Steve Dickson stated on Wednesday the FAA would be tougher regarding the Boeing 777x certification following deadly crashes involving the 737 MAX model.

Wed, 20 Nov 2019 12:35:03 GMT

Emirates aims to resume airline expansion by early 2020s

On Wednesday, the Emirates President Tim Clark stated at the Dubai Airshow that the airline would resume its expansion potentially by early 2020s, after announcing a $9B order for 30 Boeing's 787 Dreamliners.

Wed, 20 Nov 2019 10:49:20 GMT

Singapore proposes crypto future regulation

On Wednesday, the Monetary Authority of Singapore revealed that it intends to regulate cryptocurrency futures trading. The decision was made under pressure from international investors.

Wed, 20 Nov 2019 10:34:38 GMT

Westpac hit by 23M money laundering breaches

Australia's Westpac Banking is accused of 23M breaches of the anti-money laundering laws, regulators stated on Wednesday, adding the banking giant has been ignoring red flags, enabling payments from "high risk" countries and convicted child sex offenders for years.

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