News

Note: This section contains information in English only.
Wed, 25 Sep 2019 14:30:04 GMT

eBay's Chief Executive steps down

On Wednesday, Devin Wenig, eBay's Chief Executive Officer, has resigned from his position, while the e-commerce firm appointed Scott Schenkel, its finance head, as the company's interim CEO.

Wed, 25 Sep 2019 12:48:43 GMT

TeamViewer shares drop in EU market debut

Shares in TeamViewer, the German software company, plunged 2% to €25.32 on Wednesday during the remote connectivity specialist's initial public offering, the biggest in Europe launched this year, Reuters reported.

Wed, 25 Sep 2019 11:39:43 GMT

Thomas Cook German unit files for insolvency

On Wednesday, Thomas Cook GmbH, Germany's unit of the UK travel operator, has announced insolvency, seeking to hive off its business and brands from the failed owner.

Wed, 25 Sep 2019 10:35:58 GMT

Luxury group Kering cuts Puma stake with €500M bond

On Wednesday, Kering, the French luxury group, has issued €500M bonds, which can be exchanged for Puma shares, as the luxury giant aims to trim the remaining stake in the German sportswear brand.

Wed, 25 Sep 2019 09:39:36 GMT

Renault seeks to become part of EU batteries project

On Wednesday, Renault's chairman stated the carmaker was ready to become a part of the EU batteries project, seeking to boost the economy.

Wed, 25 Sep 2019 08:32:37 GMT

KKR puts ELL up for sale

The buyout group KKR has put European Locomotive Leasing up for a sale, as an investor seeks to lock in vibrant asset valuations just ahead of the expected downturn, according to sources familiar with the matter.

Wed, 25 Sep 2019 06:45:43 GMT

Alibaba rolls out self-developed AI chip

On Wednesday, Alibaba Group Holdings said it developed a new artificial intelligence chip "Hanguang 800", seeking to enhance group's cloud computing division services by new chop's usage, marking an important step in its pursuit of next-generation technologies.

Wed, 25 Sep 2019 06:23:18 GMT

Toyota aims to launch next-gen Mirai fuel-cell vehicle

Toyota Motor Corp is preparing for a lunch of its next generation Mirai fuel-cell car in 2020, the carmaker's Chairman Takeshi Uchiyamada announced on Wednesday.

Wed, 25 Sep 2019 04:40:40 GMT

SEC Chief avoids comments on Libra

On Tuesday, the head of the US SEC repeatedly refused to comment to a congressional panel about regulation of Facebook's Libra.

Wed, 25 Sep 2019 04:30:55 GMT

Dollar slips on US Consumer Confidence

Data released in the United States on Tuesday revealed that consumer confidence had declined during the last month. The data caused a slight decline in the value of the US Dollar against peer currencies.

Wed, 25 Sep 2019 03:20:49 GMT

Fiat Chrysler manager is charged in diesel investigation

On Tuesday, unsealed US Justice Department documents revealed that a senior Fiat Chrysler manager was charged this month in connection to excess diesel vehicle emissions.

Wed, 25 Sep 2019 02:21:36 GMT

Trump calls on rejection of globalism

The President of the United States Donald Trump stated on Tuesday to the UN that the future belongs to patriots and not globalists.

Tue, 24 Sep 2019 19:40:07 GMT

Saudi Aramco buys neighbour oil

On Tuesday, Reuters revealed that Saudi Aramco is purchasing oil from neighbouring countries to fill its supply obligations. The news should cause a surge in oil prices.

Tue, 24 Sep 2019 18:42:24 GMT

Volkswagen board announces meeting

On Tuesday, the supervisory board of Volkswagen stated that it would meet on Wednesday and discuss the indictment of the company's Chairman and current and prior CEOs.

Tue, 24 Sep 2019 18:01:10 GMT

Boris Johnson questions Thomas Cook salaries

In the aftermath of Thomas Cook collapse, the Prime Minister of the United Kingdom Boris Johnson questioned why the executives of the company were paid high salaries.

Tue, 24 Sep 2019 17:21:44 GMT

German prosecutors indict VW bosses

On Tuesday, current and prior CEOs and the Chairman of Volkswagen were indicted by the Prosecutor's Office of the city of Braunschweig.

Tue, 24 Sep 2019 15:43:40 GMT

Trump speaks to UN

The President of the United States Donald Trump on Tuesday made his case to the UN about pressuring Iran. The speech created an impact on crude oil prices.

Tue, 24 Sep 2019 14:41:06 GMT

Supreme Court rules on Brexit

On Tuesday, the Supreme Court of the United Kingdom ruled that the Parliament suspension done by the Prime Minister of the United Kingdom Boris Johnson was unlawful.

Tue, 24 Sep 2019 14:23:15 GMT

Poland's mBank shares rise on possible sale plan

On Tuesday, shares in Poland's mBank surged 5.7% to $86.90, the highest level since the beginning of August, on the back of speculation about Commerzbank potential plans to sell mBank's 69.3% stake worth around $2.56B.

Tue, 24 Sep 2019 13:38:48 GMT

Saudi Aramco listing unlikely to take place this year

Saudi Arabia is unlikely to launch an initial public offering of its state-owned oil titan Aramco this year, following attacks on its facilities that took place this month. according to two sources familiar with the matter.

Tue, 24 Sep 2019 11:50:52 GMT

TomTom says its car deals worth $1.76B

On Tuesday, TomTom stated its deals with automakers are worth around $1.76B, as the Dutch navigation firm sought to accelerate its revenue growth and explored a share buyback programme.

Tue, 24 Sep 2019 10:41:21 GMT

Samsung Display to invest $11B in South Korea's LCD plant

Samsung Display is planning to invest $11B into South Korea's liquid crystal display plant to boost manufacturing of more advanced screens, according to a Yonhap news agency report seen on Tuesday.

Tue, 24 Sep 2019 09:40:25 GMT

European shares resume surge

On Tuesday, European stock markets started the day's trading with a surge, despite suffering biggest losses in a month during Monday's trading.

Tue, 24 Sep 2019 08:50:45 GMT

Allianz, Nippon bid to buy Aviva's Asia arms

MS&AD Insurance, Nippon Life and the German insurer Allianz have entered the race with rivals to acquire the Vietnam and Singapore businesses of UK's Aviva in a deal potentially worth up to $2.5B, according to sources.

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