News

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Tue, 18 Jun 2019 04:35:03 GMT

Kuroda plans economic risk debate

On Tuesday, the Governor of Bank of Japan Haruhiko Kuroda announced that during this week's rate review the bank's officials will debate increasing foreign economic risks.

Mon, 17 Jun 2019 20:28:15 GMT

Iran calls oil market "unstable"

The Oil Minister of Iran Bijan Zanganeh stated on Monday that the international crude oil market was fragile, volatile and highly influenced by politics.

Mon, 17 Jun 2019 19:25:41 GMT

Deutsche to minimize US equities business

According to a source familiar with the matter, Deutsche Bank is planning to substantially cut its American equities business and work only with corporate and prestigious clients.

Mon, 17 Jun 2019 18:34:08 GMT

Boeing refuses to change 737 MAX name

Boeing Co stated on Monday that it would not follow the US President Donald Trump's advice to rebrand the 737 MAX model, arguing that it wanted to re-earn the public's trust.

Mon, 17 Jun 2019 16:56:25 GMT

US businesses address Trump tariffs

Various US businesses ranging from small shops to multi-billion conglomerates have sent to the White House their comments on Trump tariffs in an effort to oppose the next round on imports from China.

Mon, 17 Jun 2019 15:43:55 GMT

KPMG receives $50 million fine

On Monday, the US Securities and Exchange Commission announced that KPMG has agreed to pay a $50 million fine for cheating on exams and altering previous audits.

Mon, 17 Jun 2019 14:50:49 GMT

Huawei reveals additional losses

On Monday, the CEO of Huawei Ren Zhengfei announced that the company expects an additional $30 billion loss from the US ban.

Mon, 17 Jun 2019 14:12:56 GMT

Chanel reaffirms its independence on rising profit

Chanel, the luxury fashion group, reported on Monday its annual profits and sales rose 19.9% and 16.4% respectively, reaffirming the company's independence after Karl Lagerfeld, the fashion house's star designer, had passed away a few months ago.

Mon, 17 Jun 2019 12:38:13 GMT

VW likely to place extra Traton shares after listing

Frank Witter, Volkswagen's Finance Chief, announced on Monday the German carmaker is likely to place more shares of its truck unit Traton after the initial public offering, where it sought to raise up to $2.1B.

Mon, 17 Jun 2019 11:20:18 GMT

Pfizer to acquire Array in $10.64B deal

On Monday, Pfizer Inc announced it would take over Array Biopharma in a deal valued $10.64B, granting the global biopharmaceutical company access to Array's cancer drugs.

Mon, 17 Jun 2019 10:14:36 GMT

Bundesbank expects economic decline

On Monday, the German Bundesbank announced that it is expecting a decline of the German economy in the second quarter of this year.

Mon, 17 Jun 2019 09:35:59 GMT

Airbus triggers long-range A321neo jet

Airbus has released the A321neo aircraft's long-range version during the Paris Airshow, which was held on Monday, seeking to snag new routes for carriers with smaller jets and outrace its competitor Boeing.

Mon, 17 Jun 2019 08:39:24 GMT

Lockheed has no concerns over Raytheon-UTC merger

On Monday, Greg Ulmer, the Lockheed Martin F-35 programme's manager, stated that he had no concerns the proposed Raytheon-United Technologies Corp merger deal could affect the F-35 programme.

Mon, 17 Jun 2019 07:27:15 GMT

Stanley Chen to lead Google's Greater China sales

On Monday, Alphabet's Google has named Stanley Chen as the Greater China operations and sales managing director and is set to be based in Shanghai.

Mon, 17 Jun 2019 05:55:53 GMT

Intel triggers project to aid Israeli tech firms

On Sunday, Intel Corp has rolled out a project to help Israeli tech start-ups develop their technologies in autonomous and artificial intelligence systems, planning to expand the scheme in other countries.

Mon, 17 Jun 2019 05:18:47 GMT

Huawei prepares for up to 60% drop in international shipments

Huawei Technologies is getting ready for a 40%-60% drop in its international smartphone shipments amid the ban put by Washington on the Chinese company, which halts the US suppliers from cooperation with it, citing security concerns.

Mon, 17 Jun 2019 04:39:48 GMT

Deutsche Bank to create €50B bad bank

Deustche Bank is set to overhaul the trading operations by establishing a "bad bank", where it would hold assets worth up to €50B, according to the Financial Times.

Mon, 17 Jun 2019 02:37:28 GMT

UK companies to cut investment markedly

The UK companies look likely to cut their investment the most since 2009 this year, as the crisis of Brexit drags on, weighing over the future economic growth prospects, the BCC survey revealed.

Sun, 16 Jun 2019 19:01:10 GMT

Vodafone rolls out 5G network in Spain

Vodafone Espana, in cooperation with the Chinese telecom company Huawei, has rolled out the first commercial 5G network in Spain, making Spain one of the first countries in Europe to launch 5G service.

Sun, 16 Jun 2019 18:01:34 GMT

Estonia, Denmark to improve bilateral ties

The Estonian President Kersti Kaljulaid and the Queen of Denmark Margrethe II agreed to strengthen bilateral relations during a meeting in Tallinn, Estonia.

Sun, 16 Jun 2019 17:03:55 GMT

China, Qatar pledge to boost cooperation

The Chinese President Xi Jinping and the Qatari Emir Sheikh Tamim Bin Hamad Al-Thani pledged to deepen political and economic cooperation between the two countries.

Sun, 16 Jun 2019 16:16:03 GMT

China's FedEX investigation not related to retaliation

China's launched probe into FedEx misdirected mail is not a retaliation to the United States, the Chinese news outlet Xinhua stated on Sunday, despite worsening ties between Washington and Beijing due to trade war.

Sun, 16 Jun 2019 14:51:12 GMT

China ready for long trade battle with US

According to the Chinese Communist Party journal, China is ready for the long economic fight with the United States, as the Asian country is not set to give way on its major principles in negotiations with Washington.

Sun, 16 Jun 2019 13:51:31 GMT

Hong Kong black-clad protesters seek for leader resignation

On Sunday, thousands of the Hong Kong black-clad protesters demanded the city's leader resignation due to her bill handling that could allow extradition to China, sparking the most violent outcry in decade.

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