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Company news

19.11.2019 13:07:25

Union raises funds to assist U.S. diplomats pay legal bills for testimony against Trump

The Union of U.S. diplomat representatives has raised money amounting to tens of thousands of dollars to pay for the legal costs of the testimonies of foreign service officers in the impeachment inquiry of President Donald Trump. The American ...

18.11.2019 14:01:16

Boris Johnson vows to end Brexit uncertainty

Boris Johnson and the rest of the Conservative Party of the British government are poised to get Brexit done to finally end its uncertainty that compromised the economy. This shall be made possible once they get re-elected in December. The ...

18.11.2019 14:01:16

Gold prices drop as the U.S. and China close in on trade deal

Gold prices drop as the U.S. and China close in on trade deal Gold prices fell on Monday after speculation spread that Washington and Beijing would soon sign a partial trade deal. Gold Futures for December delivery inched down 0.2% to $1,466.25by ...

18.11.2019 14:01:16

Yuan climbs as China’s central bank cuts key liquidity rate

Yuan climbs as China’s central bank cuts key liquidity rate The Chinese Yuan inched up on Monday in Asia after the People’s Bank of China (PBOC) had cut a key liquidity rate for the first time since 2015. The major USD/CNY pair ...

18.11.2019 14:01:15

SoftBank to merge Yahoo Japan with Line Corp in plan to create $30 billion tech giant

Japan’s SoftBank Corp is set to merge its internet unit Yahoo Japan with messaging app operator Line Corp in a plan to create a $30 billion tech giant. SoftBank is currently merging with struggling companies to stick up to other tech ...

18.11.2019 14:01:15

TYRO PAYMENTS TO RAISE $173 MILLION FOR AUSTRALIAN IPO

Australian financial institution, Tyro Payments released a prospectus on Monday planning to raise A$252.7 million ($173.23 million) for domestic initial public offering (IPO). Tyro’s scheme will push through even though six listings ...

18.11.2019 14:01:15

Oil prices edge up as investors await news on US-China talks

Oil prices inched higher on Monday, following steady gains from previous week as investors await further news on the trade talks between US and China. Concerns over increasing oil supplies, possibly developing into a supply glut, were shrugged. Brent ...

15.11.2019 11:07:42

Central Bank of China adds 200 billion yuan to beef up liquidity, retains interest rates

The Chinese central bank supplied 200 Billion Yuan ($28.60 bBillion) through its medium-term lending facility on Friday. It is the central bank’s move to (second time this year) beef up economic activity while keeping interest rates ...

15.11.2019 11:07:42

EUROPEAN SHARES UNDERPERFORM DUE TO DAIMLER WARNING, WEAK ECONOMIC RECORDS

European shares recorded a weak ended session as warnings from German carmaker Daimler and frail economic data from major economies contributed tension to a global slowdown concern. The pan-European STOXX 600 index inched lower with 0.3% with ...

15.11.2019 11:07:42

US and China getting close to a trade deal, says White House economic adviser

The United States and China are getting close to a trade deal, said White House economic adviser Larry Kudlow. He added that the two parties were having very constructive talks to put an end to the 16-month trade war. Trade negotiators of ...

15.11.2019 11:07:42

Jumbo Interactive jumps 192% this year as online lottery tickets reach peak popularity

Jumbo Interactive jumps 192% this year as online lottery tickets reach peak popularity Australian digital reseller Jumbo Interactive Ltd jumped up 192% this year as online purchases of online lottery tickets increased, Bloomberg said in a ...

15.11.2019 11:07:41

Alibaba calls Hong Kong’s future “bright” as retail campaign for $13 billion listing starts

Alibaba kicked off its retail campaign for its secondary listing in Hong Kong for $13 Billion. Chairman Daniel Zhang said that Hong Kong’s “future is bright” despite recession and escalating protests in the city. The e-commerce ...

15.11.2019 09:08:15

Thailand’s economy expected to post muted recovery

Thailand’s economy expected to post muted recovery Thailand’s economic expansion is expected to recover modestly in the third quarter from the slowest pace in almost five years which was weighed down by a strong local currency. GDP ...

15.11.2019 09:08:15

GERMANY’S 2020 BUDGET TO INCREASE BY 1.1%

BERLIN-Germany’s annual federal budget for 2020 will increase to an estimated 362 billion euros, according to a draft submitted by a parliament committee on Friday. This presented a total of 1.1% rise and an indication of a balanced ...

15.11.2019 06:01:35

BRITAIN WARNS EU CITIZENS OVER BREXIT RESIDENCY DEADLINE

LONDON-Britain warned that European citizens who fail to apply for Brexit’s new immigration status before deadline will be deported. In line with this, citizens who met listed exemptions will qualify for leniency. The government was ...

15.11.2019 06:01:34

German economy eludes third quarter recession with 0.1% expansion

The German economy eluded recession in third quarter, saved by strong consumer spending that raised the output by 0.1% quarter-on-quarter. It withstood anticipations of a contraction, as shown by data released on Thursday. Europe’s largest ...

15.11.2019 06:01:34

Tencent shares slump down 2.7% after below-than-expected earnings

Tencent shares slump down 2.7% after below-than-expected earnings Shares of Tencent Holdings went down 2.7% on Thursday after the company posted earnings that were below analysts’ estimates. The Hong Kong-listed index heavyweight’s ...

15.11.2019 06:01:34

Japanese economy slows to a near-halt as trade tensions pile

Japanese economy slows to a near-halt as trade tensions pile Japan’s economy slowed to a near-halt in the third quarter. This was due to the continous fall of exports amid trade tensions whilst a shopping splurge before a sales tax increase ...

15.11.2019 06:01:34

FOREIGN INVESTORS BUY JAPANESE STOCKS FOR FIVE STRAIGHT WEEKS

Nov 14- Foreign investors were recorded to have bought Japanese stocks for five consecutive weeks last week. This was in light of the possibility of United States and China coming up with an interim trade deal that brought optimism. Investors ...

15.11.2019 05:01:23

Hyundai extends $410 million expansion in Alabama to make Santa Cruz pickups

South Korean automaker Hyundai Motor set to create Santa Cruz pickup trucks at the U.S. factory in 2021 with a $410 million investment, as it plans to enter the competitive market led by American rivals. Hyundai announced its Alabama factory ...

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