News

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Thu, 25 Jul 2019 05:55:15 GMT

Cable firm Charter looks at T-Mobile-Sprint assets

The cable company Charter Communications has submitted a proposal to the Department of Justice to acquire telecom assets that are sold under Sprint Corp and T-Mobile Corp combination, Reuters reported citing sources familiar with the situation.

Thu, 25 Jul 2019 03:57:12 GMT

Pay deals of major British employers hold at 2.5%

Major Britain's employers ensured average pay increases of 2.5% to their staff in the three-month period to June, unchanged from the March quarter of 2019, data from XpertHR revealed on Thursday.

Thu, 25 Jul 2019 03:46:24 GMT

South Korea's GDP up 1.1% in Q2

South Korea's economy turn back back to growth, as GDP rose a seasonally-adjusted 1.1% in the second quarter, though the expansion was mainly driven by government spending, indicating that the Central Bank may need to decrease rates again to stoke demand.

Thu, 25 Jul 2019 03:31:10 GMT

Canada invests $64.7M in satellite firm

The Canadian government announced that it is investing $64.7M in an Ottawa-based satellite firm within an effort to provide improved broadband internet access to remote and rural communities.

Wed, 24 Jul 2019 19:57:23 GMT

Malaysia inflation rises

Inflation in Malaysia increased 1.5% in June, compared to the same period the previous year, the Malaysian Statistics Department reports.

Wed, 24 Jul 2019 19:05:43 GMT

Shanghai digital trade to reach $40B by 2021

The Shanghai Commerce Commission in cooperation with the Shanghai Development and Reform Commission estimate that the city's digital trade will reach $40B by 2021.

Wed, 24 Jul 2019 18:28:58 GMT

China Merchants Bank profit rises

One of the largest lenders in China, China Merchants Bank, earned $7.35B in the first half of the current year, a 13% increase from the same period in 2018, the Shanghai Stock Exchange report shows.

Wed, 24 Jul 2019 17:30:50 GMT

Vienna tourism expands

More than 3.6M people had visited the Austrian capital Vienna in the first six months of 2019, a 7.6% increase compared to the same period the prior year, the Vienna Tourist Board reports.

Wed, 24 Jul 2019 15:56:20 GMT

GM Cruise to postpone autonomous cars commercial launch

On Wednesday, Cruise, General Motors' self-driving unit, it would delay its car commercial deployment past the company's target of 2019, due to more vehicle testing required.

Wed, 24 Jul 2019 13:34:43 GMT

Facebook halts Sony, Microsoft access to friend data

On Wednesday, Facebook confirmed it would $5.0B to settle the FTC probe into its privacy practices, adding it was halting friend data access by Sony and Microsoft, as the first step of the agreed resolution.

Wed, 24 Jul 2019 12:34:57 GMT

Anthem posts 8% surge in Q2 profit

The US health insurer Anthem reported on Wednesday its Q2 profit surged 8% to $1.14B, or $4.36 per share, boosted by its government-backed health plans' higher sales.

Wed, 24 Jul 2019 11:21:05 GMT

AT&T tops net wireless subscriber forecasts

On Wednesday, AT&T topped Wall Street's forecasts for its net wireless subscribers paying the monthly bill, adding 72K phone users, bigger than analysts' expectations of 27K subs, the research company FactSet reported.

Wed, 24 Jul 2019 09:56:31 GMT

Deutsche Bank suffers major losses

On Wednesday, it was announced by Deutsche Bank that it has suffered a quarterly loss of 3.15 billion Euros.

Wed, 24 Jul 2019 08:45:42 GMT

Japan's Nissan set to expand global job cuts

Nissan Motor is planning to double its global job cuts by more than 10K, seeking to turn around the business, as the Japanese carmaker faces plunging profit on the back of the company's management upheaval.

Wed, 24 Jul 2019 07:54:35 GMT

Johnson to unveil names of his Brexit team

On Wednesday, Boris Johnson is set to take office as the new British Prime Minister and appoint his Brexit team, as he aims to deliver the UK withdrawal from the EU bloc by October-end, with or without the deal.

Wed, 24 Jul 2019 06:40:59 GMT

Deutsche Telekom schedules meeting over Sprint deal

The parent of T-Mobile, Deutsche Telekom, is set to hold a senior management meeting on Wednesday, expecting the US regulator to grant approval for the proposed tie-up between T-Mobile and Sprint, the business daily Handelsblatt reported.

Wed, 24 Jul 2019 06:36:57 GMT

WeWork plans IPO as early as September

The shared office space operator WeWork is preparing for a potential initial public offering as early as September, hosting an analyst day organised for Wall Street banks on July 31 as part of its listing preparation.

Wed, 24 Jul 2019 05:01:33 GMT

Oil prices surge on Wednesday

On Wednesday, crude oil prices edged higher, buoyed by rising tensions between the US and Iran. The Brent crude futures were up $0.30, while the US West Texas Intermediate was up $57.00 per barrel.

Wed, 24 Jul 2019 04:04:53 GMT

IMF cuts global growth forecasts

On Tuesday, the International Monetary Fund cut its global growth forecast for 2019 to 3.2% and 2020 to 3.5%, a decline of 0.1% for both years from its previous forecast.

Wed, 24 Jul 2019 03:28:17 GMT

Suga says Japan and South Korea relationship in severe state

Japan's Chief Cabinet Secretary Yoshihide Suga stated on Wednesday that Tokyo-Seoul relationship in a very critical state.

Wed, 24 Jul 2019 01:51:20 GMT

Britain's incoming PM Johnson vows to get Brexit done

On Tuesday, incoming Britain's Prime Minister Boris Johnson vowed to take the United Kingdom out of the European Union by October 31.

Tue, 23 Jul 2019 19:58:16 GMT

Quad/Graphics and LSC halt their $1.4B merger

On Tuesday, Quad/Graphics and LSC Communications announced about termination of their $1.4B tie-up deal, as the US Department of Justice had filed a suit to block the merger, tumbling LSC shares as much as 36% to its record low.

Tue, 23 Jul 2019 18:45:34 GMT

Bosch, Daimler allowed to trial driverless valet parking

The auto supplier Bosch and Germany's carmaker Daimler have received an authority approval to launch valet parking using self-driving technology in the German city of Stuttgart.

Tue, 23 Jul 2019 17:53:29 GMT

Huawei's revenue rise around 30% despite US ban

Huawei Technologies reported on Tuesday its revenue surged about 30% in the year's first half after the company secured its supplies to keep the production process going, despite technology export restrictions imposed by the United States.

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