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Qualcomm to lay off 1,500 employees to cut costs

Qualcomm to lay off 1,500 employees to cut costs

2018-04-23 13:37

U.S. Chipmaker Qualcomm started to cut jobs at its facilities in California in order to cut costs by 1 billion U.S. dollars.

MSCI: Baotou Steel Union sees net income skyrocket in 2017

MSCI: Baotou Steel Union sees net income skyrocket in 2017

2018-04-21 19:32

Baotou Steel Union generated a total of over RMB 53.68 billion in its operating revenue last year.

ENI to invest 7 bln euros in Italy over next four years

ENI to invest 7 bln euros in Italy over next four years

2018-04-19 11:19

Italian oil, gas and power giant ENI plans to make investments worth 7 billion euros in Italy over the next four years.

Troubled German carmaker Opel cancels contracts with suppliers

Troubled German carmaker Opel cancels contracts with suppliers

2018-04-18 14:59

The embattled German car maker Opel announced on Tuesday the cancellation of all of its existing contracts with intermediate part suppliers.

Dividend payouts by German companies reach record high

Dividend payouts by German companies reach record high

2018-04-18 11:32

A total of around 600 stock companies returned 52.6 billion euros (65.01 billion U.S. dollars) in dividends to shareholders in 2018.

German chemical company Evonik opens Asia research hub in Singapore

German chemical company Evonik opens Asia research hub in Singapore

2018-04-18 11:23

Germany-based specialty chemicals company Evonik opened here Tuesday its first Asia research hub.

Owner of popular emojis Block 12 raises $7m in funding

Owner of popular emojis Block 12 raises $7m in funding

2018-04-18 09:43

Block 12 announced on Monday that it had raised 43 million yuan ($6.8 million) in its fresh round of financing.

MSCI: Net profits of Sany Heavy Industry reaches 2.1 billion last year

MSCI: Net profits of Sany Heavy Industry reaches 2.1 billion last year

2018-04-18 09:37

Its net profit attributable to shareholders of the company amounted to RMB 2.092 billion, up by 928.35 percent over the same period last year.

China encourages central SOEs to gradually adjust industrial structure

China encourages central SOEs to gradually adjust industrial structure

2018-04-17 13:36

China is encouraging central state-owned enterprises (SOEs)to gradually adjust their industrial structure, the country's SOEs regulator said Monday.

Chinas listed firms see improving financial performance

China's listed firms see improving financial performance

2018-04-16 16:47

Listed companies in China have reported rapid profit growth in 2017.

Uber says sorry to patrons in Brazil for massive data breach in 2016

Uber says sorry to patrons in Brazil for massive data breach in 2016

2018-04-16 11:00

Uber on Friday apologized to its 156,000 users in Brazil, whose personal information was leaked in a major data breach in 2016.

Chinese central SOE profits up 19.4 pct in Q1

Chinese central SOE profits up 19.4 pct in Q1

2018-04-16 10:56

China's central state-owned enterprises (SOEs) saw their net profits surge 19.4 percent in the first quarter of the year.

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