News

Note: This section contains information in English only.
Sun, 28 Jun 2020 11:49:01 GMT

British Minister comments on economy

The Interior Minister of the United Kingdom Priti Patel stated on Sunday that the UK government would get the economy moving via an infrastructure roadmap.

Sun, 28 Jun 2020 10:44:12 GMT

China plans new licences

On Saturday, Caixin reported that the Chinese government intends to grant investment banking licences to commercial lenders.

Sun, 28 Jun 2020 09:49:21 GMT

Boeing resumes 737 MAX tests

Reuters revealed on Sunday that three day tests of Boeing 737 MAX airplanes were set to begin on Monday.

Sun, 28 Jun 2020 09:30:12 GMT

Under Armour ends partnership

On Saturday, the athletic apparel producer Under Armour stated that it would end its partnership with the University of California, Los Angeles.

Sun, 28 Jun 2020 08:00:29 GMT

PBOC injects $14.17B into financial system

The People's Bank of China injected $14.17B into the financial system at an interest rate of 2.2%, data published by the central bank show.

Sun, 28 Jun 2020 07:08:54 GMT

S&P affirms Hong Kong rating

The international credit rating agency Standard & Poor's affirmed the AA+ credit rating on Hong Kong, a statement published by the company shows.

Sun, 28 Jun 2020 06:01:53 GMT

China industrial profits drop

Profits of major industrial firms in China declined 19.3% in the first five months of the current year, compared to the same period the previous year, official data show.

Sun, 28 Jun 2020 05:39:02 GMT

DOJ probes App Store payment rules

The US Department of Justice focused its federal antitrust investigation into Apple's App Store rules indicating payment policy, Bloomberg reported.

Sun, 28 Jun 2020 03:44:22 GMT

Delta to warn pilots over potential furloughs

Delta Air Lines was planing to send notices next week to warn more than 2.5K its pilots over possible furloughs, CNBC reported, citing an internal memo.

Sun, 28 Jun 2020 03:33:01 GMT

Commerzbank to cut costs more aggressively

Commerzbank AG considered to slash more than 7K jobs and close 400 branches, as a response to shareholders' criticism about the pace of cost-cutting.

Sat, 27 Jun 2020 21:31:18 GMT

Under Armour to end partnership with UCLA

Athletic apparel maker Under Armour stated that it will discontinue partnership with UCLA, which lasted for 15 years, after $280M accord was announced in 2016.

Sat, 27 Jun 2020 20:16:09 GMT

China reports current account deficit

The State Administration of Foreign Exchange reported on Saturday that China's current account deficit reached $33.7M in Q1.

Sat, 27 Jun 2020 19:05:10 GMT

UK car production substantially declines

The Society of Motor Manufacturers and Traders stated on Saturday that the number of cars produced in the UK in May was 95.4% lower compared with the same period last year.

Sat, 27 Jun 2020 18:12:55 GMT

China's debt rises

The State Administration of Foreign Exchange stated on Saturday that China's external debt increased 1.8% in May compared with the same period a year ago.

Sat, 27 Jun 2020 17:19:20 GMT

Chinese firms get inclusive loans

According to statistics, small companies in China got loans at a very low cost in first half of this year, with the interest rate of 6.03% on average.

Sat, 27 Jun 2020 16:00:48 GMT

US personal spending grows

US personal consumption expenditures rose 8.2% in May, compared to the prior month, as states continue to reopen, the US Commerce Department reports.

Sat, 27 Jun 2020 15:00:12 GMT

China pickup truck sales rise

Pickup truck sales in China increased 35% in May, compared to the same period the previous year, data published by the China Macroeconomy Forum show.

Sat, 27 Jun 2020 14:30:16 GMT

Macao unemployment rises

The unemployment rate in Macao increased 0.2% to 2.4% in March-May, compared to the previous three months, the Statistics and Census Service reports.

Sat, 27 Jun 2020 13:26:38 GMT

Ipex Bank exposed to lose $112M

Due to the recent insolvency of German payment processor Wirecard, a subsidiary of German KfW - Ipex Bank, is exposed to $112M losses from an unhedged loan.

Sat, 27 Jun 2020 12:00:53 GMT

German ECB board member defends bond-buying

A board member of the European Central Bank asserted the additional $1.5B government bond-buying program to be necessary, despite the criticism from Germany Constitutional Court.

Sat, 27 Jun 2020 11:22:10 GMT

Amazon and SoftBank attentive to Ozon

Global e-commerce giant Amazon together with Japanese SoftBank discussed the possible purchase of Ozon, the Russia online retailer.

Sat, 27 Jun 2020 10:01:15 GMT

Indonesia central bank to combat pandemic impact

The Central Bank of Indonesia stated on Saturday that it was ready to finance budget deficit and the government to combat the impact of coronavirus pandemic.

Sat, 27 Jun 2020 09:28:15 GMT

Play to sell some infrastructure

The Polish mobile operator Play Communications stated on Saturday that it could sell part of its network infrastructure.

Sat, 27 Jun 2020 08:22:14 GMT

General Motors files appeal

General Motors on Friday filed an appeal to the Sixth Circuit Court of Appeals to continue litigation with Fiat Chrysler Automobiles NV.

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