News

Note: This section contains information in English only.
Tue, 06 Nov 2018 11:02:55 GMT

Vice President of Iran comments on oil

On Tuesday, the Vice President of Iran announced that his country can export as much crude oil as the country needs despite US pressure.

Tue, 06 Nov 2018 10:16:14 GMT

China set to encourage mergers and consolidations among local shipping firms

China is set to encourage the centrally government-held shipping firms to merge and consolidate, according to the state assets regulator's report.

Tue, 06 Nov 2018 10:11:19 GMT

Sivantos, Widex postpone EU merger application

The German hearing aid maker Sivantos and its Danish rival Widex have delayed their application for the EU Commission to receive the approval for the $8.0B merger, despite both the companies stayed committed to the deal.

Tue, 06 Nov 2018 09:33:09 GMT

AstraZeneca selling three older drugs for $350M

AstraZeneca has launched a sale of its three older asthma and rhinitis drugs for $350M or more amid company's strategy to divest assets and make new medicine investments.

Tue, 06 Nov 2018 09:26:19 GMT

Geely, China's CASIC tie up over supersonic trains

The Chinese carmaker Zhejiang Geely Holding Group stated on Tuesday it had clinched a cooperation deal with China's Aerospace Science and Industry Corp for "supersonic" train development in the country.

Tue, 06 Nov 2018 07:51:09 GMT

Swiss medtech firm Medacta plans IPO next year

The medical technology firm Medacta is getting ready for its Swiss initial public offering n the SIX Swiss Exchange scheduled for the next year's spring, backed by such investment banks as Morgan Stanley, Credit Suisse, JPMorgan and UBS.

Tue, 06 Nov 2018 07:50:57 GMT

Thyssenkrupp plans replacing elevators arm's head in restructuring push

Thyssenkrupp is set to replace Andreas Schierenbeck, the director of its elevators unit, as the German conglomerate has launched a far-reaching restructuring plan.

Tue, 06 Nov 2018 07:35:21 GMT

Luckin Coffee plans raising up to $2.0B in new funding round

The Chinese coffee Luckin Coffee is seeking to double its valuation up to $2.0B in a new funding round amid the company's aggressive expansion across China and target to outrun its US rival Starbucks.

Tue, 06 Nov 2018 07:30:23 GMT

Luxottica founder seeks Milleri to become EssilorLuxottica CEO

The founder of Luxottica Leonardo Del Vecchio is seeking to propose the candidature of the company's current CEO Francesco Milleri as Chief Executive Officer of a new merged firm EssilorLuxottica.

Tue, 06 Nov 2018 05:42:44 GMT

Ford Motor Company profits in India

The Ford Motor Company on Tuesday announced that for the first time in the last ten years the company has profited in India.

Tue, 06 Nov 2018 05:41:44 GMT

Oil prices decline on Tuesday morning

On Tuesday, oil prices declined due to the US exemptions that will allow the biggest importers of Iranian oil to continue to buy crude from Iran.

Tue, 06 Nov 2018 05:33:11 GMT

Reserve Bank of Australia announces interest rate

The Reserve Bank of Australia has kept its official cash rate at 1.50%. In the aftermath of the announcement the value of the Australian Dollar remained steady.

Tue, 06 Nov 2018 05:32:39 GMT

US Dollar trades steady before the US elections

On Tuesday, before the US midterm elections the value of the US Dollar remained steady in face of the political turbulence.

Tue, 06 Nov 2018 04:22:42 GMT

China VP: Beijing ready for talks, work for trade solutions with US

China was ready to hold negotiations and work with the US to resolve trade issues, as the world's two biggest economies stand to lose from confrontation, Wang Qishan, the country's Vide President, stated.

Tue, 06 Nov 2018 04:20:34 GMT

Japanese household spending declines in September

Japan's household spending dropped 1.6% year-on-year in September, falling short of expectations and suggesting a weak recovery after consumption was hit by an earthquake and typhoons.

Tue, 06 Nov 2018 02:57:42 GMT

GE to sell commercial lighting business

General Electric was in negotiations to sell commercial lighting unit to private equity company American Industrial Partners, according to sources familiar with the matter.

Tue, 06 Nov 2018 02:54:25 GMT

British consumer spending grows after sluggish September

The UK consumers perked up modestly last month, but provided little sign that they were back to free-spending ways of the last summer, amid insufficient confidence over the economic outlook, an industry report revealed.

Mon, 05 Nov 2018 20:47:34 GMT

PwC: investments in German estate decline in 2018

Investments in German real estate declined by approximately €3B to €65B by the end of the third quarter of 2018, a study by PwC shows.

Mon, 05 Nov 2018 20:46:57 GMT

Iran wants US to change approach

Talks with the US over a new nuclear agreement are possible if Washington changes its approach to negotiations, the Foreign Minister Mohammad Javad Zarif says.

Mon, 05 Nov 2018 20:33:12 GMT

China, Russia seek new areas of cooperation

China and Russia plan to explore new areas of cooperation and create a more favourable business environment, the Chinese Vice Premier Han Zheng says.

Mon, 05 Nov 2018 20:32:15 GMT

Juncker: Europe needs meaningful migration policy

The European Council should decide on meaningful migration policy and avoid improvised solutions, the European Commission President Jean-Claude Juncker says.

Mon, 05 Nov 2018 19:30:40 GMT

Iran's Supreme Leader rejects talks with US

Negotiations with the US to solve mutual issues would be an "obvious mistake", Iran's Supreme Leader Ayatollah Ali Khamenei says.

Mon, 05 Nov 2018 19:29:35 GMT

IMF: tight labour market in Latvia to slow growth

Latvia's tight labour market is likely to slow down the nation's medium and long-term growth, the head of the International Monetary Fund's mission to Latvia says.

Mon, 05 Nov 2018 18:43:23 GMT

China wants to build open world economy

China wants to build an open world economy and East Asia economic community, the Chinese State Councilor and Foreign Minister Wang Yi says.

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