News

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Tue, 17 Jul 2018 12:58:50 GMT

Hino Motors adds artificial intelligence to its hybrid trucks

The Japanese truck-making unit of Toyota Motor is implementing artificial intelligence into its diesel-electric hybrids to improve the fuel efficiency, as competitors focus on the full-battery-powered models.

Tue, 17 Jul 2018 11:38:32 GMT

IBM ties up with Stronghold over new digital stable coin

IBM is partnering with Stronghold over a new cryptocurrency, as the US financial services operator adds more stability to the sector famous for its volatility, both firms announced on Tuesday.

Tue, 17 Jul 2018 10:23:23 GMT

Bank of Ghana cancels Belstar Capital takeover deal with ADB

On Monday, the Central Bank of Ghana annulated the Belstar Capital's purchase of a 51% majority stake in Agriculture Development Bank due to inappropriate acquisition of the stakes.

Tue, 17 Jul 2018 10:01:46 GMT

Mediaset triggers takeover offer for El Towers

Mediaset, the Italian largest commercial broadcaster, teamed up with the infrastructure firm F2i to launch an acquisition bid for the masts group El Towers, the companies stated on Monday.

Tue, 17 Jul 2018 08:37:05 GMT

BlackRock looks at cryptocurrencies, CEO Fink says

On Monday, BlackRock CEO Larry Fink stated that one of the largest asset managers was evaluating cryptocurrencies and blockchain technology, but did not see high investor demand.

Tue, 17 Jul 2018 08:28:28 GMT

Fox shares plunge as investors see Comcast bid absence

Shares in 21st Century Fox has plunged over 2% this Monday, as investors views prospects of a new Comcast bid for the company's assets fading.

Tue, 17 Jul 2018 07:39:46 GMT

Telia considers buying TDC's Norway unit for $2.6B

Telia Company, the Swedish telecom operator, TDC's Norwegian business unit in a $2.60B deal that would bolster its TV and broadband offering.

Tue, 17 Jul 2018 07:36:07 GMT

Asiana Airlines shares up amid SK Group's possible takeover report

On Tuesday, shares in South Korea's Asiana Airlines surged as much as 23%, following a local media agency's report over the local conglomerate SK Group weighing a takeover.

Tue, 17 Jul 2018 06:30:07 GMT

China still confident of reaching 2018 growth target

China remained optimistic about reaching its economic growth target of 6.5% in 2018 even despite a trade dispute with the Unites States, the state planning agency explained on Tuesday.

Tue, 17 Jul 2018 06:23:42 GMT

Pinduoduo aims for $1.63B in US IPO

The Chinese discounter Pinduoduo expects to raise around $1.63B in its initial public offering in the United States, as shown by the US Securities and Exchange Commission.

Tue, 17 Jul 2018 05:23:53 GMT

HKMA, banks to launch blockchain-run finance platform

The Hong Kong Monetary Authority and seven other banks plan to jointly introduce in September a trade platform that would be run on the blockchain technology.

Tue, 17 Jul 2018 05:22:07 GMT

KKR to acquire stake in AppLovin

The private equity company KKR & Co is to acquire minority stake in the mobile marketing platform AppLovin Corp for $400M, thus entering the mobile gaming and advertising industry.

Tue, 17 Jul 2018 03:33:29 GMT

Didi set to spin off car services business in $1.5B deal

China's ride-hailing company Didi Chuxing Technology was set to spin off the car services business in an up to $1.5B worth deal ahead of an anticipated IPO, people familiar with the matter said.

Tue, 17 Jul 2018 03:23:35 GMT

China's home prices near two-year high in June

New home prices in China accelerated to nearly two-year high in June, as buyers' demand was resilient before new curbs against speculation, indicating that more restrictions would be needed.

Mon, 16 Jul 2018 20:15:10 GMT

Ford agrees to $299M settlement for faulty inflators

The US car manufacturer Ford Motor Co has agreed to a $299M loss settlement involving around 6M vehicles with faulty air bag inflators.

Mon, 16 Jul 2018 20:09:45 GMT

FCC concerned about Sinclair-Tribune merger

The US Federal Communications Commission has raised concerns about the $3.9B merger between Sinclair Broadcast Group and Tribune Media, thus sending their shares considerably lower.

Mon, 16 Jul 2018 18:06:12 GMT

UK seeks partners for new fighter jet project

The United Kingdom is considering Sweden and Japan as possible partners for its Tempest fighter jet project launched on Monday.

Mon, 16 Jul 2018 18:05:20 GMT

Air France-KLM forms joint venture to expand in China

Air France-KLM has announced the formation of a joint venture with China Southern Airlines and Xiamen Airlines in order to strengthen its position in the Chinese market.

Mon, 16 Jul 2018 16:53:17 GMT

France, Germany advocate to maintain current CAP budget

France and Germany have rejected an EC proposal to reduce the Common Agriculture Policy after Brexit, saying the agriculture budget should be maintained at the current level.

Mon, 16 Jul 2018 16:52:50 GMT

S&P500 falls amid weaker oil

The US benchmark index S&P500 fell on Monday, as a considerable drop in crude oil prices offset strong earnings forecasts.

Mon, 16 Jul 2018 15:57:11 GMT

OPIC Chief says China overloads poor countries with unsustainable debt

The President of the US Overseas Private Investment Corporation Ray Washburne said China was overloading poor nations with massive debt through large investment projects.

Mon, 16 Jul 2018 15:54:28 GMT

TRAI calls for stricter data privacy rules

The Telecom Regulatory Authority of India said on Monday stricter privacy rules for service providers were required to tackle data breaches.

Mon, 16 Jul 2018 15:25:57 GMT

EU asks Airbnb to review its terms and conditions

The European Union has requested Airbnb to harmonise its terms and conditions with the bloc after some violations in commercial and civil matters were found.

Mon, 16 Jul 2018 15:16:42 GMT

New York manufacturer sentiment stronger in July

The Empire State Manufacturing Index, which measures business sentiment in New York, beat analysts' expectations with a reading of 22.6 in July, thus pointing to robust growth.

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