News

Note: This section contains information in English only.
Fri, 29 Jun 2018 07:58:29 GMT

Twitter's Director of Products Ed Ho to resign

On Thursday, Twitter said that Ed Ho, its product head, is willing to step down for some personal reasons and would be replaced by Periscope's ex-CEO Kayvon Beykpour.

Fri, 29 Jun 2018 06:50:44 GMT

Novartis plans to spin off Alcon, buy back $5.0B in shares

Novartis announced its plan on Friday to spin off its Alcon eye-care devices unit and to buy back abut $5.0B in shares, as the company targets to expand in prescription drugs area.

Fri, 29 Jun 2018 06:50:24 GMT

Japan's Orix acquires American Peak Utility Services

According to the Nikkei newspaper, Orix Corp, the Japanese financial services company, has acquired the US-based infrastructure maintenance provider Peak Utility Services for an amount that was not disclosed.

Fri, 29 Jun 2018 06:36:59 GMT

Xiaomi price IPO in Hong Kong at its range bottom, lifts $4.72B

China's Xiaomi has priced its initial public offering in Hong Kong at the lowest level of the planned range, raising $4.72B in four years, sources familiar with the issue reported on Friday.

Fri, 29 Jun 2018 06:33:46 GMT

Mexican watchdog accepts Banorte's takeover of Interacciones

On Thursday, Grupo Financiero Banorte stated that Mexican regulator had approved its takeover of the Grupo Financiero Interacciones peer, adding the process should be completed by this July-end.

Fri, 29 Jun 2018 05:12:09 GMT

Merkel says satisfied with text on migration

The German Chancellor Angela Merkel stated on Friday she was satisfied that leaders of the European Union managed to write a "positive" common text on migration.

Fri, 29 Jun 2018 05:07:13 GMT

Italy welcomes EU migration deal

The Prime Minister of Italy Giuseppe Conte welcomed on Friday an agreement on migration reached by members of the European Union after nine hours of negotiations in Brussels.

Fri, 29 Jun 2018 04:18:34 GMT

Citgo Petroleum selects two new executives

Luis Marquez and Edward Oduber were named on Friday as two new executives of the US refining arm of Venezuela's PDVSA Citgo Petroleum.

Fri, 29 Jun 2018 04:13:06 GMT

Oil prices decrease amid trade frictions

Crude oil prices dropped by 26 cents or 0.4% on Friday, reaching $73.19 a barrel, amid growing concerns about trade confrontation between the US, EU and China.

Fri, 29 Jun 2018 02:52:45 GMT

Nike returns to expansion in North America

Nike beat profit in the fourth quarter and revenue estimates, as focus on direct-to-customer sales and new launches helped reverse decreasing sales in North America for the first time in the reported year.

Fri, 29 Jun 2018 02:50:35 GMT

China Tower gets approval for IPO in Hong Kong

China Tower, the world's biggest mobile mast operator, won approval in Hong Kong for an initial public offering, which could raise nearly $10B, according to sources familiar with the situation.

Fri, 29 Jun 2018 02:32:41 GMT

Sharp cancels share issue amid impact of US-China trade issues

Japan's Sharp Corp cancelled the intention to issue up to $2B in new shares, citing trade friction between the US and China, which increased volatility in the stock market.

Fri, 29 Jun 2018 02:29:42 GMT

Verizon to shut down go90 mobile app

Verizon Communications was shutting down the company's mobile video application go90 less than three years after the service launched, a spokeswoman stated.

Thu, 28 Jun 2018 19:56:14 GMT

Reuters: Canada to provide aid to steel, aluminium industries

According to Reuters, Canada is planning to offer financial aid between C$500M and C$800M to companies in the aluminium and steel industries affected by US tariffs.

Thu, 28 Jun 2018 19:55:48 GMT

Bird raises $300M to expand business

Bird, a start-up that provides electric scooter service, has raised $300M in its third funding round, as the firm aims to strengthen its position in the US transportation sector.

Thu, 28 Jun 2018 18:54:41 GMT

Minnesota state regulators approve $2.6B pipeline project

Regulators of the US state of Minnesota approved on Thursday the controversial Enbridge pipeline project worth $2.6B.

Thu, 28 Jun 2018 18:53:18 GMT

Twitter introduces tool to detect political ads

Twitter Inc launched on Thursday a tool designed to help its users identify political ads and their sources of financing.

Thu, 28 Jun 2018 18:07:05 GMT

Pence asks for increased pressure on Venezuela

The US Vice President Mike Pence urged Latin American countries to increase pressure on Venezuela during a meeting with the Ecuadorean President Lenin Moreno on Thursday.

Thu, 28 Jun 2018 17:57:57 GMT

SEC proposes looser rules for ETF approvals

The US Securities and Exchange Commission has proposed to loosen rules for the approval of low-risk exchange-traded funds to enhance innovation and competition.

Thu, 28 Jun 2018 16:55:59 GMT

CFTC, SEC sign MOU to enhance cooperation

The US Commodity Futures Trading Commission and the Securities and Exchange Commission have signed a Memorandum of Understanding to strengthen cooperation between both agencies.

Thu, 28 Jun 2018 16:55:18 GMT

China to remove wide range of foreign ownership restrictions

The Chinese government published on Thursday a list of restrictions related to foreign ownership that would be removed starting from July 28.

Thu, 28 Jun 2018 15:50:25 GMT

BoE's Haldane projects gradual rate hikes

The Bank of England's Chief Economist Andy Haldane expects gradual increases in interest rate in line with the Bank's forecasts even despite him voting for a rise last week.

Thu, 28 Jun 2018 15:49:58 GMT

Starbucks shares fall after CFO announces retirement

Shares of Starbucks Corp fell 2% on Thursday following the announcement that the company's Chief Financial Officer Scott Maw would retire in November 2018.

Thu, 28 Jun 2018 14:59:52 GMT

Yellen says tax cuts likely to result in limited productivity growth

The former Chair of the Federal Reserve Janet Yellen explained on Thursday that the US tax cuts were likely to provide only limited productivity boost to the country's economy.

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