News

Note: This section contains information in English only.
Fri, 14 Jun 2019 07:44:22 GMT

FCA inks EV charge point accords with Engie, Enel

The carmaker Fiat Chrysler has signed two deals with the European utilities Engie and Enel to offer the customers electric vehicle charging points the company is planning to launch, according to FCA statement seen on Friday.

Fri, 14 Jun 2019 07:35:59 GMT

Tech shares drag EU shares down on Broadcom warning

On Friday, technology shares dragged the European shares down following US chipmaker Broadcom's warning about its demand broad slowdown amid trade tensions between the US and China, as well as US ban on the Chinese mobile phone group Huawei Technologies.

Fri, 14 Jun 2019 05:03:43 GMT

China to raise anti-dumping duties

The Commerce Ministry of China stated on early Friday that it would increase anti-dumping duties on some European and American pipes and tubes used at utilities.

Fri, 14 Jun 2019 04:02:00 GMT

Oil prices on rise amid tanker attacks

Crude oil prices surged 21 cents or 0.4% on Friday morning, reaching $52.49 a barrel, amid another attack on two oil tankers off the coast of Iran.

Fri, 14 Jun 2019 03:29:47 GMT

Shell to invest $2.4B in Mexican oil projects

Mexico's oil regulator approved exploration plans of Royal Dutch Shell for four deepwater areas, after giving the green light to five others before and committing the company to invest at least $791M.

Thu, 13 Jun 2019 19:55:57 GMT

BASF still expects slight improvement in global car market

Chemicals major BASF stated that it still expects a modest improvement in the global vehicle market in 2019, even after the company announced 200 job cuts at Germany's coatings operation.

Thu, 13 Jun 2019 18:52:04 GMT

Britain's SSE to shut last coal-fired plant in 2020

The UK energy supplier SSE announced plans to close its last coal-fired plant in England by next year's March, adding that the plant is unable compete with gas and renewable energy options.

Thu, 13 Jun 2019 18:29:43 GMT

IMF: EZ budget to stabilise fiscal rules

Christine Lagarde, the Head of the IMF, stated that the Euro zone should design future budget to be able to stabilise the economy rather than just sustain its convergence and competitiveness.

Thu, 13 Jun 2019 17:01:27 GMT

US import prices fall markedly in May

The Labor Department stated that the US import prices declined 0.3% last month, the largest decrease in five months, due to a broad fall in the goods' cost.

Thu, 13 Jun 2019 15:50:16 GMT

DHL to invest $150M in US network

Deutsche Post DHL announced on Thursday that it is set to spend $150M this year to extend the capacity of the company's US healthcare distribution network by roughly 40%.

Thu, 13 Jun 2019 15:29:58 GMT

Canadian new housing prices flat in April

New housing prices in Canada were unchanged in April for a third consecutive month due to weakness in Vancouver and Toronto, the two biggest markets, Statistics Canada stated on Thursday.

Thu, 13 Jun 2019 14:36:01 GMT

VW, Ford near deal on autonomous vehicles

Volkswagen announced on Thursday it was nearing a deal with the US carmaker Ford Motor to cooperate over self-driving cars development, after being in negotiations for months.

Thu, 13 Jun 2019 12:25:58 GMT

Le Maire to hold meeting with Renault chairman

Bruno Le Maire, France's Finance Minister, is set to hold a meeting with Renault's chairman Jean-Dominique Senard later on Thursday to discuss the collapsed FCA-Renault merger and the priority of potential Renault-Nissan deal.

Thu, 13 Jun 2019 11:38:11 GMT

LG Chem to tie up with Geely over EV batteries

On Thursday, LG Chem, South Korea's battery maker, stated it had teamed up with Chinese group Geely Automobile Holdings to form a joint venture to produce electric vehicle batteries.

Thu, 13 Jun 2019 10:12:56 GMT

Kia, Hyundai to make investment in Aurora

On Thursday, Hyundai Motor announced it would make an investment in the autonomous vehicle software start-up Aurora together with Kia Motors to accelerate the development of self-driving car technologies.

Thu, 13 Jun 2019 09:37:15 GMT

KKR plans KCFT sale for $1.0B

The US private equity group KKR announced a sale of its Korea-based KCFT to the SK Group affiliate SKC in a deal valued at $1.0B.

Thu, 13 Jun 2019 07:45:25 GMT

Huawei urges Verizon to pay over $1.0B for patents

Huawei Technologies asked Verizon Communications to pay more than $1.0B for over 230 patents provided by the China telecoms equipment maker, according to a source familiar with the situation.

Thu, 13 Jun 2019 07:36:18 GMT

China's Alibaba files for HK IPO

Alibaba Group Holding, the Chinese e-commerce giant, has confidentially for an initial public offering in Hong Kong and will potentially take place in this year's Q3, according to a source with knowledge of the matter.

Thu, 13 Jun 2019 04:51:16 GMT

LG Chem to cooperate with Geely on EV batteries

South Korea's battery producer LG Chem stated on Thursday that it signed an agreement to create a JV with the Chinese Geely Automobile Holdings to make batteries for electric cars.

Thu, 13 Jun 2019 04:13:15 GMT

Kia, Hyundai to invest in self-driving start-up Aurora

Hyundai Motor stated on Thursday that it is set to invest in self-driving vehicle software start-up Aurora with Kia Motors to encourage development of autonomous car technologies.

Wed, 12 Jun 2019 20:28:35 GMT

Comcast to rise spending at Sky on EU programs

Comcast is set to more than double investment to about $1.27B in Europe's original programming and begin a studio at the European unit Sky after its success with the series "Chernobyl," the company stated.

Wed, 12 Jun 2019 19:33:59 GMT

US posts $208B budget deficit in May

The US government posted a $208B budget deficit last month, as a modest rise in revenues failed to fuel spending on the military and social welfare programs, according to the report by the Treasury Department.

Wed, 12 Jun 2019 18:24:28 GMT

Uber to reveal Volvo self-driving vehicle

Uber Technologies is expected to unveil the company's newest Volvo self-driving vehicle in Washington, as it worked to eventually deploy cars without drivers under limited conditions.

Wed, 12 Jun 2019 17:33:52 GMT

UK financial sector not ready for Brexit without deal

Parts of the British financial sector were not ready for Brexit without deal in October, which is likely to split the industry, the executive body of the European Union stated on Wednesday.

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