News

Note: This section contains information in English only.
Fri, 26 Feb 2021 12:36:22 GMT

Fisker to set up battery cell facilities

Fisker is exploring a possibility to establish a battery cell production facility in the United States and Europe, seeking to secure solid supplies of its key component.

Fri, 26 Feb 2021 10:41:04 GMT

Bitcoin extends retracement

During Friday's Asian trading session, the price for Bitcoin touched the 44,150.00 level, as a broad sell off of all assets occurred.

Fri, 26 Feb 2021 10:29:45 GMT

Ant to bolster finance arm's capital

China's Ant Group has entered talks with shareholders of its consumer finance division to boost the unit's capital, seeking to fold in its profitable micro-lending businesses.

Fri, 26 Feb 2021 09:14:44 GMT

Kia's shares soar 8.1%

On Friday, Kia Corp's shares surged 8.1% following a news report on a possibility for the carmaker to partner with Apple.

Fri, 26 Feb 2021 07:58:13 GMT

Salesforce profit likely to miss estimates

Salesforce.com reported its full-year profit forecast is likely to miss market expectations, sending its shares down as much as 3.9% in the extended trading.

Fri, 26 Feb 2021 06:47:27 GMT

AT&T plans DirecTV's stake sale

The wireless carrier AT&T announced its plans to sell around a third of the satellite TV arm DirecTV's stake to TPG Capital, the buyout company, with the deal likely to close in the 2021 H1.

Fri, 26 Feb 2021 05:44:04 GMT

Twitter aims to double annual revenue

Twitter is seeking to double its annual revenue, reaching at least 315M users by 2023, by launching new products and features faster, sending its shares up 5.6% on the news.

Fri, 26 Feb 2021 05:02:52 GMT

Infineon plans to meet chip demand

German chipmaker Infineon is expanding its output capacity with intention to address the global supply shortages, anticipating it can meet the customers' needs in the long term.

Fri, 26 Feb 2021 03:54:35 GMT

Suning.com shareholders plan stake sale

Suning.com's shareholders are considering a sale of up to 25% of the Chinese retailer to unknown-to-public buyers in a potential deal that could lead to a control change, as its parent plans to raise cash.

Thu, 25 Feb 2021 21:41:06 GMT

Microsoft experiences tech failures

On Thursday, Microsoft reported it was facing log-in problems with the livestreaming in its Teams workplace messaging app.

Thu, 25 Feb 2021 20:50:02 GMT

Fiat Chrysler to invest $203.99M in Poland

The Italian-American car manufacturer Fiat Chrysler plans to invest $203.99 in its plant in Poland, where new Jeep, Fiat and Alfa Romeo models will be manufactured, the Deputy Prime Minister Jaroslaw Gowin says.

Thu, 25 Feb 2021 20:01:10 GMT

Uzbekistan attracts $6.6B foreign direct investment

Uzbekistan attracted $6.6B in foreign direct investment in 2020 and wants to increase it to $7.6B in 2021, data published by the government show.

Thu, 25 Feb 2021 19:07:26 GMT

World Bank: Cambodia economy to expand in 2021

The economy of Cambodia is projected to expand 4% in 2021 after a contraction in 2020, a statement published by the World Bank shows.

Thu, 25 Feb 2021 18:22:59 GMT

Greece projects economy to grow 4.8% in 2021

The Greek economy is expected to expand 4.8% in 2021, a statement published by the Greek Prime Minister Kyriakos Mitsotakis shows.

Thu, 25 Feb 2021 17:34:11 GMT

Singapore economy contracts in 2020

The economy of Singapore contracted 5.8% in 2020, compared to the previous year, data published by the Ministry of Trade and Industry show.

Thu, 25 Feb 2021 16:29:00 GMT

Jordan economy to grow 2.5% in 2021

The economy of Jordan is expected to expand 2.5% in 2021 following a 3% contraction in 2020, a statement published by the Prime Minister Bisher Khasawneh shows.

Thu, 25 Feb 2021 15:32:01 GMT

EY Germany boss resigns

On Thursday, EY Germany stated that its CEO Hubert Barth would step down after the payment services company Wirecard's collapse.

Thu, 25 Feb 2021 14:34:03 GMT

Target plans Apple offering expansion

On Thursday, Target Corp announced it would expand Apple's offerings in stores and online, on the back of the retailer's strategy to house high-demand brands at the outlets to lure more customers.

Thu, 25 Feb 2021 13:14:40 GMT

StanChart office space reduction

Standard Chartered is considering to cut its office space at least by a third during the following three or four years, according to the company's CFO Andy Halford.

Thu, 25 Feb 2021 12:35:40 GMT

Munich Re last year's profit drops 55%

Munich Re, the German reinsurance group, is anticipating its net profit to recover in 2021 after it dropped as much as 55% last year due to the coronavirus crisis.

Thu, 25 Feb 2021 10:49:02 GMT

Global stocks surge

During Thursday's Asian and European trading hours, stock indices surged, due to the Federal Reserve confirming that there would be no rate hikes.

Thu, 25 Feb 2021 09:46:07 GMT

PIMCO names new APAC business head

On Thursday, Pacific Investment Management Co announced it had appointed the insider Alec Kersman as a new boss of the bond giant's Asia-Pacific business.

Thu, 25 Feb 2021 08:48:27 GMT

Aston Martin sees better 2021 sales

Aston Martin is expecting to achieve profitability and bolster its 2021 sales following a deep loss last year, as the company attracted fresh funding, changed its head and was hurt by the pandemic.

Thu, 25 Feb 2021 08:36:16 GMT

Geely, Volvo to launch powertrain JV

China's Geely Automobile together with its Swedish sister firm Volvo Cars are set to abandon their merger plans and launch a new powertrain joint venture as well as expand cooperation over electric cars.

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