News

Note: This section contains information in English only.
Mon, 05 Oct 2020 19:06:21 GMT

Singapore retail sales decline

Retail sales in Singapore decreased by 5.7% to $2.49B in August, compared to the same period in 2019, the Department of Statistics of Singapore reports.

Mon, 05 Oct 2020 18:28:28 GMT

S.Korea online shopping reaches record high in August

Online shopping in South Korea reached a record high of $12.4B in August, an increase of 27.5% from the same period the prior year, data published by the Statistics Korea show.

Mon, 05 Oct 2020 16:45:47 GMT

Finland improves growth forecast

The Finnish Finance Ministry revised its economic growth forecast upwards to 2.6% for 2021 and 1.7% for 2022, a statement published by the ministry shows.

Mon, 05 Oct 2020 16:24:56 GMT

Euro area retail trade rises in August

The retail trade in the euro area increased by 4.4% in August, compared to the previous month, data published by the European statistical office Eurostat show.

Mon, 05 Oct 2020 15:32:39 GMT

Philippine Airlines to cut 2,700 jobs

The Philippine Airlines plans to cut around 2,700 employees amid the coronavirus pandemic, data published by the company show.

Mon, 05 Oct 2020 14:08:08 GMT

Indonesia discusses investment with Tesla

Indonesia has entered talks with Tesla, the US electric vehicles maker, over the possible investment in the country, an Indonesian official said.

Mon, 05 Oct 2020 13:15:13 GMT

Macquarie, Siemens arms form US JV

Units of Siemens and Macquarie Group are creating a joint venture "Calibrant Energy" with plans to make an investment in the EaaS sector in the US, both firms reported on Monday.

Mon, 05 Oct 2020 11:48:32 GMT

Rovio shares surge on CEO leave

Rovio Entertainment announced on Monday its CEO Kati Levoranta is set to quit her position at the Angry Birds game maker at the 2020-end, sending the company's shares up 1.2%.

Mon, 05 Oct 2020 10:41:42 GMT

Sony, Kioxia seek to keep supplying Huawei

Japan's Sony Corp and Kioxia Holdings, the memory chipmaker, are seeking the US approval to keep supplying Huawei Technologies, according to Nikkei report.

Mon, 05 Oct 2020 09:51:11 GMT

Microsoft builds hub in Greece

On Monday, Microsoft revealed that the company would build a new cloud service hub in Greece.

Mon, 05 Oct 2020 08:45:51 GMT

Stocks surge Trump's health improves

On Monday, stocks rose on the White House report that the health of the US President Donald Trump was improving, easing the political uncertainty triggered by his COVID-19 infection.

Mon, 05 Oct 2020 07:42:18 GMT

Airbus sees deteriorated aviation outlook

Michael Schoellhorn, the Airbus CTO, stated that the aviation industry outlook appeared to be worse than expected due to a resurge in coronavirus cases worldwide, as well as renewed travel restrictions.

Mon, 05 Oct 2020 06:41:03 GMT

Deutsche Boerse offers rising DAX to 40 firms

Deutsche Boerse, the exchange operator, has proposed on Monday to expand the number of firms included in the German DAX index from 30 to 40 units and introduce tougher conditions for the membership.

Mon, 05 Oct 2020 06:35:44 GMT

Cineworld halts its US, UK theatre operations

On Monday, Cineworld announced it would suspend its operations at movie theatres in Britain and the United States, impacting about 45K jobs amid a significant downturn caused by the COVID-19 crisis.

Mon, 05 Oct 2020 05:00:41 GMT

Veolia won't launch hostile takeover for Suez

On Sunday, France's utility Veolia said that it would not begin a hostile takeover for the French waste and water management company Suez.

Mon, 05 Oct 2020 03:58:58 GMT

Johnson wants Brexit deal

Britain's Prime Minister Boris Johnson announced on Sunday that he does not want a no-deal Brexit, but believes that the United Kingdom could live with it.

Mon, 05 Oct 2020 03:07:33 GMT

US and Russia to hold talks

As reported by the TASS news agency on Sunday, the United States and Russia would hold discussions on strategic stability on October 5, in Helsinki.

Mon, 05 Oct 2020 01:38:31 GMT

Cineworld to close all screens

According to a source with knowledge of the matter, Cineworld would shut down all of its screens in Britain, Ireland and the United States.

Sun, 04 Oct 2020 20:35:08 GMT

Fonterra to sell farms in China

New Zealand's Fonterra stated on Sunday that it would sell its Chinese dairy farms to China Youran Dairy Group for $367.97M.

Sun, 04 Oct 2020 19:12:21 GMT

Le Maire reports progress in talks over Suez

The Finance Minister of France Bruno Le Maire stated on Sunday that a certain progress has been achieved in negotiations over acquisition of Suez by its rival Veolia.

Sun, 04 Oct 2020 17:26:07 GMT

Cineworld to close in US, UK and Ireland

The world second largest cinema operator, Cineworld, stated on Sunday that it would close its screens in the US, Britain and Ireland amid the ongoing coronavirus pandemic.

Sun, 04 Oct 2020 16:24:38 GMT

Monte dei Paschi to clean-up bad loans

Monte dei Paschi di Siena's shareholders approved on Sunday a long-awaited plan for bad loans clean-up.

Sun, 04 Oct 2020 14:47:11 GMT

Veolia comments on Suez bid

Veolia stated on Sunday that it would not start a hostile takover of the French firm Suez.

Sun, 04 Oct 2020 14:23:31 GMT

Suez board sees hostile takeover

On Sunday, the French water and waste management firm's Suez board announced that it considers a takeover approach from Veolia as hostile.

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