News

Note: This section contains information in English only.
Fri, 12 Jul 2019 17:02:35 GMT

Mexico's President Obrador sees no threat of recession

On Friday, The President of Mexico Andres Manuel Lopez Obrador stated that he doesn't see any threat to Mexico's economy, as he brushed aside recession concerns.

Fri, 12 Jul 2019 15:59:28 GMT

Dow and S&P 500 hit record high

The Dow Jones Industrial Average and the S&P 500 hit a record high on Friday after the US Federal Reserve's Chairman Jerome Powell remarks raised hopes on the interest rate cut.

Fri, 12 Jul 2019 15:10:20 GMT

US Labour Secretary resigns

On Friday, the US President Donald Trump announced that labour secretary Alex Acosta has resigned amid a furore over a plea deal with Jeffrey Epstein.

Fri, 12 Jul 2019 13:55:51 GMT

Apple restores parental control app OurPact

Apple Inc has restored its OurPact parental control software application this week to the App Store after it had been removed due to privacy concerns in February, the tech giant announced on Friday.

Fri, 12 Jul 2019 13:37:34 GMT

Verizon looks for buyers for Yahoo Finance

Verizon Communications has been looking for buyers earlier this year for Yahoo Finance, the financial portfolio and news management tools provider, and finished its search recently, not disclosing the potential buyer's name yet, citing the private talks.

Fri, 12 Jul 2019 11:52:20 GMT

Twitter comes back up after global outage

On Friday, Twitter's CEO Jack Dorsey announced the microblogging platform has been slowly coming back up after it suffered from the global outage on Thursday, sending the company's shares marginally down during extended trading.

Fri, 12 Jul 2019 09:57:53 GMT

China's coal imports drop 1.4% in June

Chinas' coal imports plunged as much as 1.4% to 27.1M tonnes in June, as the local miners bolstered production to ensure adequate provision ahead of summer, according to official data seen on Friday.

Fri, 12 Jul 2019 09:28:38 GMT

Euro Zone industrial output beats expectations

On Friday, Euro Zone Industrial Production data beat market consensus numbers, indicating that there might be no economic slowdown occurring in the EU.

Fri, 12 Jul 2019 08:16:26 GMT

Anadarko shareholders plan vote on Occidental deal

Anadarko Petroleum's shareholders are planning a vote on August 8 on thugs and oil producer's planned $38B sale to the oil and gas exploration and production company Occidental Petroleum, the largest deal in the industry this year.

Fri, 12 Jul 2019 06:45:16 GMT

Sprint, T-Mobile likely to prolong merger deadline

Sprint Corp and T-Mobile US are expected to prolong their 29 July deadline to finalise the $26B merger deal, sources reported, not saying further information on the new date.

Fri, 12 Jul 2019 06:38:26 GMT

Colgate to acquire French skin care business Filorga

Colgate-Palmolive announced it would acquire the French skin care business Filorga in a deal valued at $1.69B on the back of the consumer goods firm's intention to boost the personal care business.

Fri, 12 Jul 2019 05:04:06 GMT

Oil prices surge amid tropical storm

Crude oil prices increased by 31 cents or 0.5% on Friday morning, reaching $60.51 a barrel, as companies located in the Gulf of Mexico cut their output in light of the upcoming Tropical Storm Barry.

Fri, 12 Jul 2019 03:32:42 GMT

Volkswagen, Ford promise details on EV alliance

Volkswagen AG and Ford Motor stated that they were expanding the companies' global alliance announced in January with agreements expected to include collaboration over electric and autonomous cars.

Thu, 11 Jul 2019 20:01:43 GMT

China not to discriminate foreign firms

China will not discriminate foreign companies and will protect their interests and rights, a spokesperson for the Ministry of Commerce says.

Thu, 11 Jul 2019 19:11:50 GMT

Austrian Airlines increases passenger turnover

Austrian Airlines transported over 6.7M travellers in the first six months of 2019, a 5.9% increase compared to the same period the prior year, the company reports.

Thu, 11 Jul 2019 17:18:23 GMT

BoE: financial system resilient to Brexit

The British financial system is prepared for and resilient to a wide range of risks, including a disorderly Brexit, the Bank of England says.

Thu, 11 Jul 2019 17:17:19 GMT

Greek unemployment declines

The unemployment rate in Greece declined below 18% in April, a record low since June 2011, the national Hellenic Statistical Authority reports.

Thu, 11 Jul 2019 15:55:34 GMT

France's Senate approves tax on big tech companies

On Thursday, the French Senate approved taxes on big technology firms, as the US President Donald Trump ordered an investigation into the tax plan.

Thu, 11 Jul 2019 15:09:03 GMT

Cargill Inc Q4 profit slumps 41% on trade tensions

On Thursday, Cargill Inc reported a 41% decline in adjusted operating profit in the fourth quarter, ended May 31, citing the trade tensions between the United States and China and flooding across the US farm.

Thu, 11 Jul 2019 14:00:59 GMT

China's Q2 GDP growth likely slows to 6.2%

China's economic growth in the Q2 likely slowed to 6.2%, the weakest pace in almost 27 years due to weakening demand abroad and at home caused by the toughen trade war with Washington.

Thu, 11 Jul 2019 13:13:28 GMT

Hitachi launches $5.6B worth chemical unit's sale process

Japan's Hitachi has launched the formal sale process of its chemical unit worth $5.6B, with the first bids due by August 9, a deal that should attract interest from various global private-equity companies.

Thu, 11 Jul 2019 12:17:06 GMT

US opens inquiry into Deutsche Bank's dealings with 1MDB

The US Department of Justice has launched an inquiry to figure out whether Deutsche Bank had violated the anti-money-laundering or foreign corruption laws in its dealing for Malaysia's 1MDB, according to the Wall Street Journal.

Thu, 11 Jul 2019 10:52:18 GMT

Washington to investigate France's plan to tax tech firms

On Wednesday, the US President Donald Trump order to launch an investigation into the French plan to tax technology companies, an inquiry that could cause new tariffs from the part of the United States.

Thu, 11 Jul 2019 09:58:58 GMT

Bank of England comments on Brexit

On Thursday, the Bank of England announced that British banks have enough capital and can deal with a no-deal Brexit and the US-China trade war.

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