News

Note: This section contains information in English only.
Fri, 01 Jun 2018 18:37:57 GMT

Singapore blockchain startup secures $12.3B in assets

A Singapore-based blockchain startup FUSION has attracted $12.3B in financial assets from Carnex, FormulA, and KuaiLaiCai, firms operating in car financing, asset management and restaurant supply chain management.

Fri, 01 Jun 2018 18:32:40 GMT

Ford Motor sales in Canada drop by 3.3%

On Friday, Ford Motor Co reported about a 3.3% slide in sales in Canada, while the total amount of monthly sold cars dropped by 17.4% to 4364 in comparison with a previous year.

Fri, 01 Jun 2018 17:32:57 GMT

May says she is deeply disappointed with new US tariff policy

On Friday, the Prime Minister of the UK Theresa May claimed that she is deeply disappointed with the decision of the US President Donald Trump to impose tariffs to the import of steel and aluminium from the EU.

Fri, 01 Jun 2018 17:28:14 GMT

Trump to meet with North Korean envoy

The White House spokeswoman claimed that the US President Donald Trump is planning to meet with a senior envoy of North Korea on Friday before the planned summit between the US and North Korea.

Fri, 01 Jun 2018 16:02:07 GMT

Fiat Chrysler to add up to 62K more vehicles to Waymo

Alphabet's Waymo is set to receive up to 62K of vehicles from Fiat Chrysler Automobiles as part of the self-driving unit's plan to launch a robotaxi service in the United States in 2018.

Fri, 01 Jun 2018 15:55:02 GMT

Italy's Conte sworn in as anti-establishment government's PM

On Friday, Italy's Giuseppe Conte has been sworn in as a Prime Minister of the EU first anti-establishment government to cut taxes, bolster welfare spending and review EU measures on immigration and budget.

Fri, 01 Jun 2018 14:59:43 GMT

Blockchain, crypto start-up Paxos attracts $65M

The cryptocurrency and blockchain start-up Paxos announced on Thursday it had raised $65M from investors, such as Liberty City Ventures and RRE Ventures, as the NYC-based firm seeks to expand its operations.

Fri, 01 Jun 2018 14:58:31 GMT

Walmart unveils order-by-text delivery service

Walmart has launched its new same-day delivery app called "Jetblack", which allows its customers to make an order using a text message, seeking to outcome the company's rival Amazon Prime service.

Fri, 01 Jun 2018 14:36:47 GMT

TBS to vote on proposal to reduce crossholdings

Tokyo Broadcasting System's shareholders are set to vote in June on the London-based activist's proposal to cut the firm's crossholdings.

Fri, 01 Jun 2018 14:34:32 GMT

Nordic states calls on EU to shelve tax plan on firms' turnover

Three Nordic countries' Finance Ministers has called on the European Union to shelve its plan to tax corporations for the digital turnover, as such a move could damage Europe's economy.

Fri, 01 Jun 2018 13:37:21 GMT

China market regulator continues to review Qualcomm-NXP takeover

On Friday, the Chinese markets regulator stated it had been still reviewing the Qualcomm's proposed $44B takeover of NXP Semiconuctros.

Fri, 01 Jun 2018 13:01:25 GMT

Dialog Semi's shares drop 17% on Apple warning

Shares of Dialog Semiconductor plunged 17% on Friday, following the Anglo-German chipmaker stated that Apple, its main customer, was set to reduce its power-management chip orders by 30% in 2018.

Fri, 01 Jun 2018 12:03:03 GMT

Icelandic Arion Bank sets its IPO price range

On Thursday, Iceland's Arion Bank has put its price range for the initial public offering in Stockholm and Reykjavik at $0.66 to $0.76 per share, potentially bringing the bank's value to nearly $1.4B.

Fri, 01 Jun 2018 12:02:53 GMT

Pengxin in talks to acquire Indonesia's gold mine Martabe

China's Pengxin International Mining is in advanced negotiations to acquire the silver and gold mine Martabe from the EMR Capital-led consortium in a deal valued at $1.5B.

Fri, 01 Jun 2018 09:58:26 GMT

China pressures Taiwan's ally

The Chinese authorities are reportedly pressuring Swaziland to cut ties to Taiwan before an upcoming Chinese hosted African leader summit.

Fri, 01 Jun 2018 09:57:53 GMT

ECB praises changes at Deutsche Bank

The European Central Bank on Friday announced that Deutsche Bank has made progress in dealing with regulation.

Fri, 01 Jun 2018 09:49:05 GMT

ArcelorMittal asks for safeguards to protect European steel industry

The CEO of ArcelorMittal's French unit Philippe Darmayan explained on Friday that the EU was required to introduce quotas and safeguards to stabilise the European steel industry.

Fri, 01 Jun 2018 09:48:43 GMT

EU to ban retail sales of ‘binary' options from July 2

The European Securities and Markets Authority announced on Friday that the EU ban on selling ‘binary' options to retail customers would take effect on July 2.

Fri, 01 Jun 2018 09:22:39 GMT

Swiss UBP set to acquire Carnegie's Luxembourg arm BCL

Union Bancaire Privee, the Swiss assent manager and private bank, announced on Thursday it had agreed to acquire Carnegie Investment Bank's unit called Banque Carnegie Luxembourg by this year's end.

Fri, 01 Jun 2018 09:17:43 GMT

Monster Products to attract up to $300M in ICO

Monster Products, the headphone maker, stated it was seeking to raise about $300M in the initial coin offering, as part of its fund-raising strategy to create a digital currency or token.

Fri, 01 Jun 2018 08:35:38 GMT

Scotiabank to acquire MD Financial Management in $2B deal

On Thursday, Bank of nova Scotia stated it would acquire a financial service firm for Canada's doctors, MD Financial Management, in an all-cash deal valued at $2B.

Fri, 01 Jun 2018 08:28:07 GMT

Spain's PM Rajoy to be removed from office

On Friday, Mariano Rajoy, the Spanish centre-right Prime Minister, was set to be dismissed from his post and replaced by Pedro Sanchez, a Socialist leader, government sources stated.

Fri, 01 Jun 2018 07:08:36 GMT

Zurich Insurance aims for targeted M&A only

Zurich Insurance's CEO Mario Greco stated on Friday that his company is seeking to do only focused, targeted mergers and acquisitions, adding there was no need for the insurance sector's consolidation in Europe.

Fri, 01 Jun 2018 07:00:23 GMT

Air NZ and Qantas clinch alliance amid booming tourism

On Friday, Air New Zealand and Australia's Qantas Airways signed a codeshare deal amid a boom in tourism, which lifts the carriers on Tasman Sea's both sides to record profits.

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