News

Note: This section contains information in English only.
Tue, 28 Jan 2020 04:01:23 GMT

Crude oil prices decline

During Monday's trading session, crude oil prices declined to a three month low level, as a decline of demand in China was expected.

Mon, 27 Jan 2020 23:53:23 GMT

Trump offers China help

On Monday, the President of the United States Donald Trump offered the Chinese government help in battling the coronavirus, as the virus has caused a decline of stock prices.

Mon, 27 Jan 2020 20:56:09 GMT

Bolton bombshell puts Senate Republicans under fresh pressure

Senate Republicans came under new pressure on Monday after the NYT reported that a book manuscript submitted to the WH for review, undermines President Trump's accounts of Ukraine event.

Mon, 27 Jan 2020 19:52:13 GMT

Johnson to make decision on Huawei's 5G network

On Monday, the UK Prime Minister Boris Johnson said that he would make the final decision on whether to ban or limit the use of equipment made by Huawei in the 5G network in the United Kingdom.

Mon, 27 Jan 2020 18:42:07 GMT

GM plans $2.2B investment into Detroit plant

General Motors is set to invest $2.2B in the Detroit-Hamtramck assembly factory to manufacture sport utility vehicles and electric trucks, in the company's move that would add 2,2K jobs, the US largest carmaker announced on Monday.

Mon, 27 Jan 2020 17:56:55 GMT

Casper IPO valuation dwindles from peak of $1 billion

The online mattress retailer Casper Sleep Inc, whose investors include rapper 50 Cent and actor Leonardo DiCaprio, is expecting the valuation for its initial public offering to be lower the roughly $1B it announced in the previous funding round.

Mon, 27 Jan 2020 16:42:49 GMT

Mexican retail sales surge in November

Mexico's retail sales grew 1.7% in November, the strongest rise since 2016, supporting the country's struggling economy, official data revealed.

Mon, 27 Jan 2020 15:44:20 GMT

France's jobless rate down 1.7%

France's jobless rate declined 1.7% quarter-on-quarter to 3.3M people in the Q4, suggesting some relief to government being under pressure from strikes.

Mon, 27 Jan 2020 15:29:44 GMT

Sprint reports less-than-expected subscriber loss in Q3

On Monday, Sprint Corp reported it had lost less-than-expected paid mobile phone subscribers in the Q3, driven by cheaper plans before the company's merger with its larger competitor T-Mobile US.

Mon, 27 Jan 2020 13:42:11 GMT

EU to decide on United Technologies, Raytheon deal

EU antitrust regulators are set to rule by February 28 whether to grant approval for the United Technologies and US contractor Raytheon's bid to establish a $121B aerospace and defence giant.

Mon, 27 Jan 2020 12:41:03 GMT

Czech telecoms regulator's head quits amid 5G auction row

The director of the Czech telecoms regulator has stepped down from his role due to government changes to the scheduled auction of the 5G telecoms networks frequencies, claiming they risked delaying the technology roll-out.

Mon, 27 Jan 2020 12:35:40 GMT

Rivian says its vehicle prices to be lower than planned

Rivian, the electric vehicle start-up, has presented its SUV and pickup truck at the Bay Arena event in San Francisco, saying its vehicle prices, when unveiled, would be lower than initially announced.

Mon, 27 Jan 2020 11:29:31 GMT

Brazil's Taurus ties up with steel group Jindal over JV

Taurus Armas SA, the Brazilian gunmaker, has clinched a joint venture with Jindal Group, the Indian steelmaker, seeking to lunch guns production and sale in India, a securities filing showed on Monday.

Mon, 27 Jan 2020 09:47:03 GMT

Renault, Nissan engineering bosses to hold a meeting

Nissan's chief engineer is set for a meeting with his counterpart at Renault in Japan later this week, as the automakers aim to revive the projects crucial to their alliance that was left reeling by the ex-CEO Carlos Ghosn's affair.

Mon, 27 Jan 2020 09:04:09 GMT

WeWork signs office space deal with Gympass

WeWork has inked a deal with the gym membership app firm Gympass to provide its 250 employees with space in New York, in the latest move by the majority holder SoftBank Group to buoy its business.

Mon, 27 Jan 2020 07:40:16 GMT

Nestle acquires Allergan business amid expansion

Nestle, the Swiss food giant, has acquired Allergan's Zenpep unit, as it seeks to expand in medical nutrition business, Reuters reported on Monday, while the financial terms of the deal were not disclosed.

Mon, 27 Jan 2020 06:23:38 GMT

Oil prices fall amid situation in China

Crude oil prices fell by $1.30 or 2.4% by Monday morning, reaching $52.89 a barrel, amid fears over spreading the coronavirus around the world.

Mon, 27 Jan 2020 05:30:19 GMT

Singapore says virus to affect economy

The Trade and Industry Minister of Singapore Chan Chun Sing stated on Monday that the coronavirus epidemic would inevitably affect China's economic performance this year.

Mon, 27 Jan 2020 04:18:18 GMT

Britain to set out more details about EU trade objectives

Stephen Barclay, the UK Brexit Secretary, said on Sunday that the United Kingdom would set out its objectives about the EU trade deal in February.

Mon, 27 Jan 2020 03:03:32 GMT

Confidence among British businesses accelerate

Confidence among UK's businesses accelerated after Prime Minister Boris Johnson's big election win in December.

Sun, 26 Jan 2020 21:12:02 GMT

India, Brazil sign 15 cooperation agreements

India and Brazil signed 15 agreements to boost mutual cooperation in various areas during a visit of the Brazilian President Jair Messias Bolsonaro to New Delhi.

Sun, 26 Jan 2020 20:01:41 GMT

Oil export suspension from Libya results in $250M loss

The suspension of oil exports from Libya due to a closure of ports has resulted in a loss of $250M, Libya's state-owned National Oil Corporation reports.

Sun, 26 Jan 2020 18:58:35 GMT

Egypt to spend $190M on roads

Egypt plans to spend $190M to improve road infrastructure and conditions, the Egyptian Finance Minister Mohamed Maait says.

Sun, 26 Jan 2020 18:04:24 GMT

France to support Lebanon

France is committed to support the economy of Lebanon on condition that the country implements economic reforms, the French President Emmanuel Macron says.

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