News

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Sat, 23 Feb 2019 15:52:33 GMT

China-Laos Railway creates new jobs in Laos

Thousands of jobs have been created in Laos as a result of the China-Laos Railway project, the local authorities in Laos say.

Sat, 23 Feb 2019 15:32:08 GMT

China issues $476.5B of debt in January

China has issued $476.5B of debt in January to help the timely implementation of major projects across the country, the People's Bank of China reports.

Sat, 23 Feb 2019 15:31:22 GMT

China approves 2 new IPO

The China Securities Regulatory Commission has approved IPO applications from Sichuan Jinshi Technology Co., a paper product manufacturer, and Jushiri Technologies Inc., a telecom equipment producer.

Sat, 23 Feb 2019 14:14:12 GMT

Saudi Aramco to buy 9% of China petrochems project

Saudi Aramco inked a deal on Friday to acquire 9% of China's project Zhejiang Petrochemical during the Crown Prince Mohammed bin Salman's visit to Beijing, according to the state news outlet SPA.

Sat, 23 Feb 2019 14:10:28 GMT

Ex-boss makes $1.7B offer for Britain's Provident

The former head of Provident Financial made an unsolicited $1.7B worth bid to acquire the struggling British lender, sending its shares up 4.9% on Friday morning.

Sat, 23 Feb 2019 13:37:32 GMT

Ferragamo chairman denies possible sale

Ferruccio Ferragamo has denied on Saturday a potential sale of the luxury shoemaker Ferragamo, following speculations about the brand's chairman considering such an option.

Sat, 23 Feb 2019 13:33:45 GMT

Germany's Centogene to launch IPO in NYC

Centogene, the German biotech company, is set to launch an initial public offering with the Nasdaq Stock Exchange in New York, scheduled for this year, seeking to attract funds to finance its further expansion.

Sat, 23 Feb 2019 12:13:49 GMT

Sika seeks buying BASF's construction chemicals unit parts

Switzerland's Sika has an interest to acquire some parts of the construction chemicals business owned by BASF or the entire business, the CEO Paul Schuler stated on Friday.

Sat, 23 Feb 2019 12:09:55 GMT

Twitter co-founder Williams resigns from board

Evan Williams, the Twitter co-founder, announced on Friday he would step down from the company's board by the end of February, after serving for 12 years as the board's member and CEO.

Sat, 23 Feb 2019 11:38:21 GMT

NY governor launches probe into Facebook data access

Andrew Cuomo, the New York governor, ordered state agencies on Friday to launch a probe into Facebook access to personal data via other apps on users' smartphones.

Sat, 23 Feb 2019 11:32:39 GMT

Brazil delays Embraer-Boeing merger talks

On Friday, Brazil's judge suspended the tie-up negotiations of Boeing and the Brazilian plane maker Embraer, scheduled for February 28; another court injunction that is likely to be appealed by Embraer's shareholders for blocking the tie-up process.

Sat, 23 Feb 2019 10:37:57 GMT

FCA sets $14M annual compensation target for CEO Manley

Fiat Chrysler Automobiles has set an annual target compensation for its CEO Mike Manley that consists of cash, pay and equity bonuses worth $14M, according to the carmaker's regulatory filing.

Sat, 23 Feb 2019 10:36:23 GMT

Microsoft employees seek US Army contract cancellation

Microsoft's employees demanded the tech company on Friday to cancel the $480M worth hardware contract to supply weapons to the US Army.

Sat, 23 Feb 2019 09:01:55 GMT

Intel: 5G modem chips not to appear in mobile phones until next year

Intel executives announced that 5G modem chips are unlikely to appear in phones until 2020, increasing possibility the biggest customer, Apple, will be behind rivals in making a device, which uses the faster networks.

Sat, 23 Feb 2019 08:57:29 GMT

Trump: could include ZTE, Huawei in trade deal

The US President Donald Trump stated that he may not or may include China's telecommunications companies ZTE and Huawei in the trade deal negotiated between China and the US.

Sat, 23 Feb 2019 08:17:16 GMT

China to buy nearly $1.2 trillion in US goods

China agreed to purchase up to $1.2 trillion in the US goods within the current negotiations to cease the trade war between the two countries, CNBC reported.

Sat, 23 Feb 2019 07:44:35 GMT

Germany's business confidence lowest in five years

German business confidence declined markedly the lowest level since 2014, as the worries to the country's management floor kept rising, the Ifo announced.

Sat, 23 Feb 2019 07:24:59 GMT

Dropbox reports better-than-anticipated financial results for Q4

The US cloud storage firm Dropbox released better-than-anticipated financial results for the Q4, with the fourth quarter's revenue growing 23% year-on-year to hit $375.9M.

Sat, 23 Feb 2019 07:21:41 GMT

Chinese house prices stable in January

Home prices in 70 Chinese cities remained largely stable in January, edging up 0.4% month-over-month in January, the NBS report showed.

Sat, 23 Feb 2019 06:28:39 GMT

China's fnancial sector to serve real economy

The Chinese President Xi Jinping stated the the country's financial sector must serve its real economy, state news agency Xinhua reported.

Sat, 23 Feb 2019 06:23:05 GMT

US to recover $38M in assets from case of 1MDB

The US Justice Department stated that it filed complaints for forfeiture and recovery of nearly $38M in assets related to 1MDB case, bringing the assets now subject to forfeiture to a total of about $1.7B.

Fri, 22 Feb 2019 20:51:02 GMT

Wall Street surges on Friday

US shares edged higher on Friday, powered by technology stocks and bets of progress in trade talks between the United States and China.

Fri, 22 Feb 2019 20:50:49 GMT

Oil prices hit three-month high

On Friday, crude oil prices reached its highest level in over three months on signs of progress in the ongoing trade negotiations between China and the United States.

Fri, 22 Feb 2019 20:00:26 GMT

Office of Comptroller of Currency reprimands Japan's MUFG

On Friday, the US Office of Comptroller of the Currency said that it had reprimanded Japan's MUFG Bank over money laundering lapses.

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