News

Note: This section contains information in English only.
Mon, 30 Dec 2019 09:43:44 GMT

Monte dei Paschi sells €1.8B in impaired loans

On Monday, Monte dei Paschi, Italy's state-owned lender, announced it had finished three disposals of its impaired loans for about €1.8B, surpassing the goal it set in the restructuring plan.

Mon, 30 Dec 2019 09:26:07 GMT

Egypt regulator approves Uber's acquisition of Careem

The Egyptian competition watchdog granted its approval for Uber's $3.1B acquisition of the regional rival Careem, following agreement on a setting of commitments introduced by the American ride-hailing service that should reduce harm to competitors.

Mon, 30 Dec 2019 05:46:04 GMT

Singtel, Grab to apply for banking license

Singapore Telecommunications Ltd has partnered up with Grab Holdings Inc to apply for a digital banking license in Singapore.

Mon, 30 Dec 2019 05:19:48 GMT

China retail sales to increase 8%

According to the Xinhua news agency, China's retail sales are expected to increase 8% this year, compared with 9% growth a year before.

Mon, 30 Dec 2019 04:02:21 GMT

Ghana determined to join Eco

According to a statement from President Nana Akufo-Addo's office on Sunday, Ghana would do everything to join West Africa's new currency, the Eco.

Mon, 30 Dec 2019 02:58:03 GMT

Ukraine completes prisoner swap with separatists

According to the Ukrainian Presidential office, Ukraine's government troops and pro-Russian separatists in the eastern regions of Ukraine have completed a full prisoner swap.

Sun, 29 Dec 2019 20:44:33 GMT

Uber to acquire Egypt's Careem

The Egyptian Competition Authority approved on Sunday Careem's acquisition by Uber after the latter agreed to fulfill certain commitments.

Sun, 29 Dec 2019 20:26:17 GMT

Dubai announces record spending for next year

The Dubai budget authorities announced on Sunday a 17% or $18.1B increase of government spending to boost the economy and hold the world Expo 2020.

Sun, 29 Dec 2019 19:30:59 GMT

Kurz close to form new coalition

The head of Austrian conservatives Sebastian Kurz stated on Sunday that the party is about to form new coalition with the Greens, thus returning to power.

Sun, 29 Dec 2019 18:24:07 GMT

Ghana wants to join Eco

The government of Ghana stated on Sunday that it would do everything to join the new Pan-African currency called the Eco, which will substitute the CFA franc.

Sun, 29 Dec 2019 09:46:46 GMT

Brazil reports $19.8B deficit

The Brazilian government reported on Saturday a $19.8B primary deficit in first 11 months of this year, which is $2B less than a year before.

Sun, 29 Dec 2019 09:23:40 GMT

China reports record number of daily start-ups

According to the Chinese authorities, 20K new enterprises were established every day, thus making up 21.79M companies in total in 2019.

Sun, 29 Dec 2019 07:44:57 GMT

CDB to provide $14.29B to small firms

The China Development Bank (CDB) stated on Saturday that is has issued loans worth $14.29B to small enterprises this year.

Sun, 29 Dec 2019 07:29:42 GMT

China to adjust interest rate benchmark

The People's Bank of China announced on Saturday that it would adjust interest rate benchmark for outstanding loans based on LPR next year.

Sun, 29 Dec 2019 06:13:48 GMT

Serbia to spend €14B to boost growth

Serbia announced plans to spend nearly €14B in five years to 2025 to enhance living standards and bring infrastructure closer to the EU standards.

Sun, 29 Dec 2019 05:19:39 GMT

Sinochem Energy gets $1.65B investment

China's Sinochem Energy, a Sinochem Group's unit, agreed to sell a stake of 20% to five state-owned companies for $1.65B.

Sun, 29 Dec 2019 04:36:29 GMT

Mastercard buys RiskRecon

Mastercard announced that it reached an agreement to acquire RiskRecon, the provider of AI and data analytics tools.

Sun, 29 Dec 2019 00:10:30 GMT

Tesla to start China-made Model 3 deliveries

The US electric car maker Tesla is expected to start to deliver Model 3 cars built at Shanghai factory on December 30.

Sat, 28 Dec 2019 21:20:56 GMT

US wants customs deal with Mexico

The US Ambassador to Mexico Christopher Landau stated on Saturday that the White House was willing to conclude a deal that would help to combat flow of drugs, arms and money across the border.

Sat, 28 Dec 2019 20:04:29 GMT

Saudi Arabia concludes deal with Raytheon

The Saudi government on Saturday signed a deal with the US arms producer Raytheon to localize maintenance of the Patriot defense system.

Sat, 28 Dec 2019 19:16:17 GMT

Italy's Conte names two new ministers

Lucia Azzolina and Gaetano Manfredi were appointed on Saturday as the new Minister for Schools and Minister for Universities and Research of Italy.

Sat, 28 Dec 2019 18:28:54 GMT

Totvs to acquire Consinco for nearly $50M

The subsidiary of Brazilian software firm Totvs SA has agreed on Saturday to acquire tech company Consinco SA for almost $50M.

Sat, 28 Dec 2019 06:13:46 GMT

HDC buys Asiana Airlines

Hyundai Development Company announced that its consortium closed $2.16B acquisition of controlling stake in Asiana Airlines.

Sat, 28 Dec 2019 04:42:03 GMT

Volkswagen ahead of EV production target

Volkswagen stated that it is likely to reach the main target in the electric vehicles production earlier than previously estimated.

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