News

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Fri, 08 Dec 2017 07:34:55 GMT

Russia ready to discuss keeping arms pact with US

On Friday, the Russian Foreign Ministry stated that the country was ready for negotiations with the US over keeping a landmark arms control pact, adding Moscow would comply with the obligations.

Fri, 08 Dec 2017 07:31:09 GMT

US Tillerson, Lebanon Hariri to meet on Friday

The US State Secretary Rex Tillerson and the Lebanese Prime Minister Saad al-Hariri are set to meet in Paris this Friday, according to the State Department.

Fri, 08 Dec 2017 07:09:28 GMT

DUP leader cites notable changes to Brexit border text

On Friday, the leader of Northern Ireland's Democratic Unionist Party (DUP) Arlene Foster noted that Britain has made significant changes to its draft document for a border deal with the EU.

Fri, 08 Dec 2017 06:58:55 GMT

Kobe Steel's factory loses JIS certification

On Friday, the Japanese Trade Ministry said it has suspended Kobe Steel's Japanese Industrial Standards (JIS) certification for production of cooper and copper pipes.

Fri, 08 Dec 2017 06:28:25 GMT

British PM heads to Brussels

The UK PM Theresa May heads to Brussels to meet with the President of the European Commission Jean-Claude Juncker in an attempt to agree on open negotiations on post-Brexit trade.

Fri, 08 Dec 2017 06:27:41 GMT

UK Johnson to visit Iran

The UK Foreign Minister Boris Johnson is set to visit Iran on Saturday to lobby Mohammad Javad Zarif for jailed aid worker Nazanin Zaghari-Ratcliffe release.

Fri, 08 Dec 2017 05:17:30 GMT

China's iron ore imports surge in November

China's General Administration of Customs reported on Friday that shipments of iron ore to the country rose 18.9% m/m to 94.54M tonnes in November, one of the highest levels on record.

Fri, 08 Dec 2017 05:16:27 GMT

Toshiba and Western Digital agree in principle to resolve chip row

According to sources with knowledge on the matter, Toshiba and Western Digital have agreed in principle to resolve the row over the chip unit selling.

Fri, 08 Dec 2017 03:52:28 GMT

YouTube to introduce music subscription service in 2018

YouTube is expected to launch paid music streaming services in March next year to compete with alike offerings from Apple and Spotify, according to Bloomberg.

Fri, 08 Dec 2017 03:51:32 GMT

Tyson Foods increases stake in protein producer Beyond Meat

The US biggest meat processor Tyson Food raised slightly the stake in protein producer Beyond Meat, trying to tap higher demand for alternative protein sources.

Fri, 08 Dec 2017 03:20:51 GMT

China, Panama to start free-trade negotiations in June 2018

China and Panama would start talking over the free-trade agreement on June 2018, in a bid to accelerate trade and strengthen commercial links between the countries.

Fri, 08 Dec 2017 03:19:45 GMT

Japan's economy grows twice as fast as expected in Q3

Japanese economy expanded twice as quickly as estimated at a 2.5% annualised rate in the third quarter, thanks to strong increase in capital expenditure.

Thu, 07 Dec 2017 20:53:53 GMT

Juncker and May to discuss Irish border

The EU Commission said on Thursday that its President Jean-Claude Juncker and Britain's Prime Minister Theresa May might meet early tomorrow morning to reach an agreement over the Irish border.

Thu, 07 Dec 2017 20:52:11 GMT

US Dollar hits two-week high

On Thursday, the US Dollar hit its two-week high against a basket of major currencies amid improved risk appetite and optimism surrounding the US tax reform.

Thu, 07 Dec 2017 20:21:56 GMT

US natural gas inventories up 2B cubic feet

The EIA reported on Thursday that natural gas inventories rose 2B cubic feet in the week ended December 1, following the prior week's drop of 33B cubic feet.

Thu, 07 Dec 2017 20:20:14 GMT

US consumer credit accelerates in October

The Federal Reserve said that consumer credit rose $20.5B in October after increasing $19.2B in the preceding month, whereas analysts anticipated a rise of $17.4B.

Thu, 07 Dec 2017 19:02:00 GMT

Honeywell to purchase 25% of Flux Information Technology

Honeywell, the industrial conglomerate, will purchase 25% of Chinese Flux Information Technology placing a long-term bet on the growing logistics industry in China.

Thu, 07 Dec 2017 19:00:42 GMT

Anheuser-Busch reserves Tesla electric Semi trucks

According to Anheuser-Busch, the Budweiser beer maker has already reserved 40 of Tesla electric Semi trucks, since the company seeks to cut vehicle emissions fuel costs.

Thu, 07 Dec 2017 18:14:08 GMT

Steinhoff‘s shareholders wipe $12B off its value

Shareholders of Steinhoff, South African retailer, knocked at least $12B off the value after the company has revealed the accounting irregularities and fired the CEO.

Thu, 07 Dec 2017 18:13:06 GMT

Ford to examine self-driving car's technology in 2018

According to Ford Motor Co, the company will initiate self-driving vehicle technology testing in 2018, but did not change plan to launch commercial production until 2021.

Thu, 07 Dec 2017 17:21:41 GMT

TSX climbs on energy stocks gain

Canadian main stock index inched higher on Thursday, due to energy stocks gain, as oil prices rose. Meanwhile, shares of BlackBerry climbed amid future partnership with Qualcomm.

Thu, 07 Dec 2017 17:20:46 GMT

Orange to invest in upgrading networks

According to Orange CEO Richard, the company would stick to the plan to invest in upgrading networks, as he aimed to lead the French biggest telecoms company for a third term.

Thu, 07 Dec 2017 16:23:24 GMT

Canada's purchasing activity slows in November

According to Ivey Purchasing Managers Index, Canada's pace of the purchasing activity slowed in November due to supplier deliveries that continued to shrink.

Thu, 07 Dec 2017 16:14:09 GMT

Air New Zealand calls off flights amid engines issues

Air New Zealand cancelled some of the flights over the coming weeks, as the company has suffered from the problems caused by Rolls-Royce Trent 1000 engines.

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