China’s Xpeng to build new plant
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On Monday, Xpeng, the Chinese electric vehicle maker, announced its plans to construct new car factory in Guangzhou with $590M from the local government financing. >>
China Evergrande’s shares jump over 10%
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China Evergrande’s shares surged over 10% after the company announced that it was making progress to reduce debt. >>
Crude oil prices decline
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Crude oil prices edged lower on Monday, Brent crude futures were down by 0.20%, to $41.84 per barrel at 00:03 GMT, while the US WTI crude fell by 0.30%, to >>
Erdogan criticizes Armenia
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On Sunday, the Turkish President Tayyip Erdogan criticized Armenia after clashes between Azeri forces and Armenian and promised that Turkey’s solidarity with Azerbaijan would increasingly continue. >>
Indonesia reverses plans to cut severance pay
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Indonesia has scrapped plans to cut maximum severance payments in a new bill, Indonesia’s parliament legislative committee announced on Sunday. >>
Qatar Airways receives subsidies
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The state owned airline Qatar Airways revealed on Sunday that it had received a $1.95 billion lifeline from the Qatar government. >>
Qatar Airways reports losses
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On Sunday, Qatar Airways announced a loss of $1.92 billion for the year ending March 31. >>
Kioxia scraps IPO
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The Japanese chipmaker Kioxia Holdings announced on Sunday that it would cancel its plans for an initial public offering. >>
Chinese industry grows
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On Sunday, data published by Chinese statisticians revealed that profits from industrial sector had continued to grow in August. >>
US tightens exports to China
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The government of the United States announced on Sunday that it would impose restrictions on all exports to Chinese chip maker SMIC. >>
Tyler Tech reports hack
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On Sunday, the software firm Tyler Technologies issued a warning that the company had been blackmailed with ransomware. >>
Tyler Tech reports hack
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On Sunday, the software firm Tyler Technologies issued a warning that the company had been blackmailed with ransomware. >>
Nikola bought designs from third party
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On Saturday, Financial Times revealed that the founder of Nikola Corporation acquired the company’s original design from a Croatian designer. >>
Devon negotiates with WPX
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Reuters revealed on Sunday that the US oil producer Devon is negotiating an acquisition deal with WPX Energy. >>
Bank of England evaluates negative rates
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Member of the Board of the Bank of England Silvana Tenreyro stated on Saturday that the central bank has been evaluating the implementation of negative interest rates. >>
Commerzbank assigns new CEO
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On Sunday, Commerzbank announced that it had hired Manfred Knof from Deutsche Bank to the position of CEO. >>
Trump proposes new Supreme Court judge
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The US President Donald Trump on Saturday named Amy Coney Barrett as his candidate for the new Supreme Court judge position. >>
Japan’s Kioxia to postpone IPO
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One of the world largest chipmakers, Japanese Kioxia Holdings Corp, stated on Sunday that it would abandon its IPO plans amid deterioating tensions between China and the US. >>
