News

Note: This section contains information in English only.
Tue, 12 Nov 2019 09:15:11 GMT

Huawei to hand out $286M to staff over US curbs

On Tuesday, Huawei Technologies, the Chinese telecoms giant, stated it would give its staff $286M bonus for helping it ride out the US trade curbs.

Tue, 12 Nov 2019 08:34:42 GMT

Nissan posts 70% Q2 profit slump

On Tuesday, Nissan Motor Co reported a 70.4% drop in its Q2 operating profit, as the Japanese carmaker still struggles with slumping sales, trying to recover from the scandal related to the ousted CEO Carlos Ghosn.

Tue, 12 Nov 2019 07:35:32 GMT

Visa to buy Nigeria's Interswitch stake

Visa Inc is set to acquire a 20% minority stake in the Nigerian payments platform Interswitch worth $200M, a deal that would give Nigeria's company a valuation of $1.0B, Sky News reported.

Tue, 12 Nov 2019 06:31:08 GMT

Google signs data deal with Ascension

On Monday, Google signed a large cloud computing deal with Ascension. Google would store customer healthcare data of 150 hospitals and more than 50 senior facilities.

Tue, 12 Nov 2019 05:11:20 GMT

Asian shares trade flat

During Tuesday's Asian trading session, stock indices in the Asian markets traded flat, as political turmoil in Hong Kong was blamed for keeping bullish sentiment down.

Tue, 12 Nov 2019 03:42:24 GMT

Pound keeps gains

On Tuesday, the British Pound kept its gains against peer currencies. The currency was boosted by news from the Brexit Party about their plans for the upcoming election.

Tue, 12 Nov 2019 03:24:54 GMT

Oil prices drop

During Tuesday's Asian trading, crude oil price benchmarks declined, as it was revealed that Saudi output had increased.

Mon, 11 Nov 2019 21:05:51 GMT

Russia's VTB sells Bulgaria's Vivacom stake

Russia's VTB stated on Monday that its investment unit VTB Capital had sold a full stake in Vivacom, the Bulgarian leading telecoms operator, to the media and telecoms firm United Group for $1.3B.

Mon, 11 Nov 2019 19:42:27 GMT

Canada's Open Text signs takeover deal with Carbonite

Canada's Open Text is set to acquire the cloud security group Carbonite in a deal worth around $1.42B and would pay $23.00 per share to the US firm's shareholders, both companies announced on Monday.

Mon, 11 Nov 2019 18:45:39 GMT

Ex-CEO Kalanick sells 21% stake in Uber

The co-founder and former CEO of Uber Technologies, Travis Kalanick, sold about 21% of the stake owned in the ride-hailing firm after so-called lockup period expiry.

Mon, 11 Nov 2019 17:49:14 GMT

German mobile operators tie up over network holes

On Monday, Telefonica Deutschland announced it would cooperate with its local German rivals, Vodafone and Deutsche Telekom, to build new mobile masts in the country, amid their joint push to fill gaps in the network coverage.

Mon, 11 Nov 2019 16:47:26 GMT

China's Jingye plans to rescue British Steel

China's Jingye Group stated on Monday it had entered talks to acquire the struggling British Steel in a rescue deal that could be valued at £70M, potentially saving thousands of UK jobs and halt the prolonged uncertainty about the troubled steelmaker's future.

Mon, 11 Nov 2019 15:51:19 GMT

Google rolls out new smart speaker version in Brazil

Alphabet's Google has rolled out the updated version of its smart speaker Google Nest Mini in Brazil, seeking to trigger sales in the brick-and-mortar and major online retailers on Tuesday.

Mon, 11 Nov 2019 15:01:56 GMT

Alibaba's sales for Singles' Day hit $30B

On Monday, Alibaba Group Holding reported its annual Singles' Day sales hit $30B, paving the way for the Chinese retailer to set a new record in the company's 11th year.

Mon, 11 Nov 2019 13:42:05 GMT

China's new bank loans plunge in October

China's banks extended 661.3B yuan in the October new yuan loans, down from September's results and missing analysts' forecasts of a fall to 800B yuan, Reuters reported on Monday.

Mon, 11 Nov 2019 13:05:08 GMT

HSBC, RBS to roll out digital banking platforms

HSBC and RBS, the British banking heavyweights, are set to release brand new digital banking platforms amid rising competition for well-versed users in digital tech on the back of online startups rapid development.

Mon, 11 Nov 2019 12:03:50 GMT

Adidas to shut down US, German plants

Adidas is planning to shut down the high-tech "robot" plants based in the United States and Germany that the company built to bring output closer to customers, the sportswear company stated on Monday.

Mon, 11 Nov 2019 10:41:03 GMT

Hong Kong stock indices fall

On Monday, stock indices of the Hong Kong stock exchange declined by almost three percent. The decline was attributed to an escalation of protests.

Mon, 11 Nov 2019 10:32:22 GMT

ECB to allocate €1.5B at its seven-day tender

The European Central Bank is planning to allocate €1.5B to banks at ECB's seven-day refinancing tender, according to a Reuters poll.

Mon, 11 Nov 2019 08:50:47 GMT

ECB's Coeure named as BIS Innovation Hub head

Benoit Coeure, the outgoing ECB board member, has been named as the Innovation Hub head at the Bank for International Settlements from January 15, 2020, the BIS revealed on Monday.

Mon, 11 Nov 2019 08:17:44 GMT

Blackstone takes controlling stake in MagicLab

Blackstone Group is set to acquire the controlling stake in the "Bumble" and "Badoo" dating apps' parent company, MagicLab, valuing the firm at about $3.0B, the private equity group announced on Monday.

Mon, 11 Nov 2019 07:38:45 GMT

EML Payments to acquire PFS for A$423M

On Monday, Australia's EML Payments announced it would acquire the UK firm Prepaid Financial Services in a deal worth A$423M that would also comprise an extra earn-out component of about A$103M.

Mon, 11 Nov 2019 06:05:33 GMT

Manufacturers want to boost rural car sales

According to sources familiar with the matter, top management of largest Chinese car companies is discussing ways to increase sales in the country's rural area.

Mon, 11 Nov 2019 05:18:42 GMT

Alibaba's yesterday sales reach $23B

The Chinese e-commerce giant Alibaba's annual Singles' Day shopping blitz yesterday brought the company $23B in the first nine hours.

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