Latest in Tag: Investment Highlight

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Latest in Tag: Investment

Spain not hit by VW investment revision

The government in Madrid has said Spain will not be affected by German carmaker VW’s upcoming investment revision in the wake of its emission tests scandal. It said promised resources would be allocated as planned. VW’s current endeavors to come to grips with its scandal over rigged diesel-engine emission tests would have no impact on …

Deutsche Welle

China seeks to reassure financial markets

China’s Premier is trying to soothe international concerns over market volatility and slowing growth in the world’s second-largest economy. Beijing had recently devalued the yuan and lowered its 2014 growth reading. China has fended off potential risks to its financial system while keeping its economic prospects positive, Premier Li Keqiang said on Wednesday, as he …

Deutsche Welle

Al-Sisi discusses economic cooperation with Singapore

Egypt’s President Abdel Fattah Al-Sisi met on Monday with his Singaporean counterpart, Tony Tan, and Prime Minister Lee Hsien Loong, and invited them to visit Egypt. Al-Sisi also discussed with Lee cooperation in the energy, water, technical education, investment and maritime ports sectors. During his meeting with Singaporean businessmen, Al-Sisi said that his visit expresses …

Doaa Farid

Messaging app Kik secures funding from Tencent

Canada-based Kik Interactive has said it’s secured tens of billions of dollars from China’s Tencent. The Kik messaging application is very popular with American teens and the investment is required for add-on services. Chinese Internet giant Tencent took a $50-million (45-million-euro) stake in smartphone messaging application Kik, the Canadian company said Tuesday. The large-scale funding …

Deutsche Welle

Google announces significant restructuring

Google, Inc. is creating a new parent company called Alphabet to be led by its CEO. The move makes its search engine one of many subsidiaries, such as YouTube, investment arm Google Capital and the Google X research lab. Google announced Monday that Alphabet, Inc. will replace Google, Inc. as the company’s publicly traded entity, …

Deutsche Welle

Munich Re ups profit guidance on healthy quarter

Germany’s Munich Re has reported a marked rise in second-quarter profit. The world’s largest reinsurer said the strong result was due to its thriving investment business and a lower rate of major losses globally. Munich Re announced Thursday it posted a bottom-line profit of 1.1 billion euros ($1.2 billion) for the second quarter of 2015, …

Deutsche Welle

Uber plans massive investment in India

App-based car service Uber aims to pour a huge amount of money into its Indian operations in the coming months as part of the company’s efforts to expand and improve its services in the South Asian nation. Uber has announced a $1 billion (900 million euros) investment for the Indian market for the next nine …

Deutsche Welle

Fed leaves door open for September rate hike

Following a two-day policy meeting, the Federal Reserve kept its benchmark interest rates unchanged at near zero percent. The central bank also said that the US economy and jobs market are continuing to strengthen. The bank’s rate-setting Federal Open Market Committee said in a policy statement on Wednesday that the US economy has expanded “moderately” …

Deutsche Welle