News

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Thu, 28 Dec 2017 08:52:19 GMT

French carmaker PSA to negotiate collectively over job cuts

France's carmaker PSA was looking upon adopting a process of collective bargaining with the company's workforce over coming job cuts in a bid to ease the process.

Thu, 28 Dec 2017 08:27:54 GMT

Japanese Nomura to start retail brokerage business in China

Nomura Holdings is waiting for allowance by China to open securities brokerages in the country and start serving wealthy Chinese, the Bank's CEO said.

Thu, 28 Dec 2017 08:27:30 GMT

18K Chinese officials perform badly in environment protection

More than 18K China's officials performed badly or failed to take action in the environment protection since 2016, the country's environmental inspection said.

Thu, 28 Dec 2017 07:29:43 GMT

China to temporary free foreign firms from provisional income tax

China's Finance Ministry stated that foreign companies' reinvested profits in China would temporary be freed from paying provisional income tax.

Thu, 28 Dec 2017 07:29:06 GMT

South Korea to limit cryptocurrency trading

South Korean government stated it would impose extra measures in an attempt to regulate speculation within cryptocurrency trading in the country.

Thu, 28 Dec 2017 06:17:14 GMT

Indonesian headline inflation growth seen at yearly 3.4% in December

The Indonesian Consumer Price Index is likely to increase slightly 3.4% year-over-year in December, compared 3.3% in the prior month, remaining within the Bank Indonesia target range.

Thu, 28 Dec 2017 06:17:04 GMT

Mitsubishi Materials striving for market share leads to data falsification

Mitsubishi Materials stated that a push to increase market share caused a falsification of the subsidiary's products data, including parts for automobiles and aircraft.

Thu, 28 Dec 2017 05:01:28 GMT

China's Commerce Ministry disappointed at EC probe into e-bikes

The Chinese Commerce Ministry stated that it was disappointed at the decision of the European Commission to probe into China's electronic bicycles' exporters.

Thu, 28 Dec 2017 05:01:03 GMT

Reis: US vacancy rate rises slightly in Q4

The US apartment vacancy edged higher to 4.5% in the fourth quarter, following 4.4% in the Q3, as supply surpassed demand, the Reis report showed.

Thu, 28 Dec 2017 04:17:50 GMT

Barclays anticipates £1B write-off from US tax reform

Barclays expected to take a write-off of nearly £1B on its yearly after-tax profit as a consequence of the tax overhaul in the US, the Bank said.

Thu, 28 Dec 2017 04:17:39 GMT

Japan industrial output grows on strong demand in November

Japan's industrial production increased more than anticipated in November, with companies expecting further gains, as strong overseas demand keeps supporting factory activity.

Thu, 28 Dec 2017 03:14:48 GMT

US accepts delayed $593M fighter jet sale to Nigeria

The US formally accepted selling of 12 fighter planes and weapons for $593M to Nigeria, pointing to the recovery of a deal halted by the Obama administration.

Thu, 28 Dec 2017 03:12:08 GMT

BoJ board members to debate on ETF purchases, rates

Some of the Bank of Japan's board members called for debates over interest rate hikes or diminishing purchases of ETF in response to brighter outlook.

Wed, 27 Dec 2017 21:14:31 GMT

One dead and many injured in South Iceland bus accident

A serious bus accident took place in South-Iceland on Wednesday, where according to the police, one passenger died and many were seriously injured.

Wed, 27 Dec 2017 21:10:35 GMT

UPS says holiday season package returns to hit new record

United Parcel Service Inc. delivered almost all of people's presents by Christmas Day, with the company finishing strong after a bruising late November.

Wed, 27 Dec 2017 20:16:56 GMT

Prosecutors seek 12-year prison term for Samsung heir Lee Jae-yong

South Korean prosecutors on Wednesday demanded a 12-year prison term for Samsung's jailed billionaire heir, Lee Jae-yong, who maintained his innocence during an appeal of his conviction on bribery.

Wed, 27 Dec 2017 20:11:11 GMT

Ukraine and pro-Russian rebels swap hundreds of prisoners

Ukraine and pro-Russian rebels began a landmark prisoner swap on Wednesday, marking the largest such deal since the armed conflict in eastern Ukraine broke out in 2014.

Wed, 27 Dec 2017 19:32:45 GMT

One dead after 4.2 quake hits near Iran capital

One person has died after a 4.2 magnitude earthquake hit 50km west of Iran's capital, less than a week since an earthquake in the same area killed a pregnant woman.

Wed, 27 Dec 2017 19:29:44 GMT

At least 10 injured as blast rips through Russian supermarket

Ten people have been hospitalised with injuries after an explosion ripped through a supermarket in the Russian city of Saint Petersburg on Wednesday.

Wed, 27 Dec 2017 17:53:13 GMT

Tillerson, Lavrov agree to continue talks on North Korea

The US Secretary of State Rex Tillerson and Russia's Foreign Minister Sergei Lavrov have made an agreement to continue co-operation in terms of North Korea's nuclear program.

Wed, 27 Dec 2017 17:51:49 GMT

UPS expects increase in package returns during holiday season

The US-based package delivery company United Parcel Service Inc. expects a significant increase in return packages during the holiday season, driven by expanding online sales.

Wed, 27 Dec 2017 16:53:17 GMT

GE to keep manufacturing plant in Rochester

The US-based conglomerate General Electric Co is to keep its manufacturing plant in Rochester, New York, despite the plan to move its operations to China by June 2018.

Wed, 27 Dec 2017 16:51:57 GMT

Mexico reports $399M trade surplus in November

Mexico's National Statistics Institute reported on Wednesday that the country's trade surplus reached $399M in November, thus increasing by 9.2% year-on-year.

Wed, 27 Dec 2017 15:59:17 GMT

US consumer confidence falls in December

The Conference Board Inc. reported on Wednesday that the US consumer confidence dropped to 122.1 in December, compared to the forecast of 128.2.

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