News

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Wed, 15 Nov 2017 07:31:47 GMT

AerCap likely to supply Boeing, Airbus jets to EgyptAir

One of the world's largest leasing companies AerCap is moving closer to deals to supply Boeing and Airbus aircraft to EgyptAir, which are expected to be announced at Dubai's Airshow.

Wed, 15 Nov 2017 07:26:15 GMT

White House to unveil rules cyber flaws disclosure

Trump's Administration is set to release on Wednesday the rules on disclosing cyber security flaws, a national security official stated to Reuters.

Wed, 15 Nov 2017 06:22:28 GMT

China's Maoyan secures $150M from Tencent

On Wednesday, the Chinese ticketing platform Maoyan raised $150M in funding from the Internet giant Tencent, valuing the company at around $3.01B.

Wed, 15 Nov 2017 06:06:25 GMT

Kobe Steel unit Hatano to lose JIS certifications

According to the Nikkei, Kobe Steel's unit Hatano plant will lose all the Japan Industrial Standards certifications amid the company's product data falsification scandal.

Wed, 15 Nov 2017 05:32:29 GMT

China's AI start-up SenseTime seals investment from Qualcomm

The US chipmaker Qualcomm is planning in the Chinese artificial intelligence start-up SenseTime Group amid a funding round set to close at this year's end.

Wed, 15 Nov 2017 05:28:29 GMT

Top China official to visit N. Korea as Xi's envoy

A senior China's diplomat is set to arrive in North Korea on Friday as Chinese leader Xi Jinping's special envoy; however, no details on the trip have been unveiled yet.

Wed, 15 Nov 2017 04:30:11 GMT

Firefox selects Google as default search in US, instead of Yahoo

Alphabet's Google was seen as the default search on Firefox Internet Browser in the US and other regions, as the browser maker Mozilla surprised Verizon's Yahoo by cancelling their agreement.

Wed, 15 Nov 2017 04:28:56 GMT

Airbus nears agreement to sell 400 aircrafts to Indigo Partners

Airbus was close to reach a deal on selling nearly 400 jets worth at least $40B at list prices to Indigo Partners, the US-based investment fund.

Wed, 15 Nov 2017 03:00:54 GMT

Foxconn profit falls below estimates in Q3

The world's biggest contract electronics maker Foxconn marked an unexpected 39% decline in the company's quarterly profit due to production hurdles for Apple's iPhone X.

Wed, 15 Nov 2017 02:59:58 GMT

Japan's GDP rises 1.2% in third quarter

The Cabinet Office reported that Japan's economy expanded at a 1.4% annualised rate in the September quarter, supported by solid export growth and higher capital expenditure.

Tue, 14 Nov 2017 20:54:54 GMT

About 15% of US agencies recognise Kaspersky software in systems

Nearly 15% of the US federal agencies indemnified the use of Kaspersky Lab software in their networks and removed it amid concerns that the program threatened national security.

Tue, 14 Nov 2017 20:54:38 GMT

Snap's largest investors increase stakes in Q3

Coatue Management and Fidelity Investments raised their stakes in the social media firm Snap over the course of the third quarter, despite the company's disappointing results.

Tue, 14 Nov 2017 20:02:45 GMT

Goldman to hit $13B in consumer loans by 2020

Goldman Sachs is likely to hit $13B in its new consumer loans over the course of three years through the company's online lending business Marcus, CFO Marty Chavez stated.

Tue, 14 Nov 2017 20:00:43 GMT

Volkswagen to pay $69M to settle New Jersey emissions claims

Volkswagen said that the company agreed to pay $69M to settle New Jersey diesel emissions suits, which were the latest major legal issues the Germany's carmaker faced in the US.

Tue, 14 Nov 2017 19:08:50 GMT

Amazon sells China's cloud assets due to tough new regulations

Amazon was selling the hardware held by its cloud business in China due to tightening rules over online data, which complicated the firm's operating in the country.

Tue, 14 Nov 2017 19:08:02 GMT

Peugeot, Huawei to cooperate on connected car software

PSA Group is set to establish connected vehicle development system in cooperation with China's telecoms company Huawei, the French automaker stated.

Tue, 14 Nov 2017 18:03:59 GMT

Home Depot raises full-year projections as hurricanes foster demand

The largest US home enhancement chain Home Depot lifted full-year sales and profit expectations, as Hurricanes Irma and Harvey spurred demand for rebuilding materials.

Tue, 14 Nov 2017 18:03:13 GMT

May's Brexit offer to hurt EU citizens

The EP Brexit coordinator criticised the British PM Theresa May's offer on settled status for residents of the EU, as they would stay with fewer rights in the post-Brexit period.

Tue, 14 Nov 2017 17:22:39 GMT

Bullard wants Fed to keep interest rates unchanged

James Bullard, the Fed of St. Louis President, stated that the Federal Reserve should maintain its key interest rates at current levels unless there is an upmove in inflation.

Tue, 14 Nov 2017 17:20:42 GMT

US producer prices increase 0.4% in October

The US Producer Price Index grew more than expected 0.4% in the month of October, fuelled by higher costs of services, the Labour Department stated.

Tue, 14 Nov 2017 16:21:44 GMT

Britain's consumer prices grow 3.0% in October

The UK consumer inflation held steady at 3.0% in October, despite expectations for a 3.1% increase, raising questions on how fast the BoE would hike interest rates in the future.

Tue, 14 Nov 2017 16:19:59 GMT

Germany's GDP grows 0.8% in third quarter

German economy expanded at a stronger-than-anticipated 0.8% growth pace in the September quarter, driven by rising exports and higher investment in equipment, Destatis said.

Tue, 14 Nov 2017 15:30:35 GMT

Indian trade balance rises to $14.02B in October

According to the government data reported on Tuesday, India's trade deficit widened to $14.02B in October, compared to prior month's $8.98B rate.

Tue, 14 Nov 2017 15:25:00 GMT

Deutsche Bank's Cryan meets HNA's chief

Deutsche Bank's CEO John Cryan met last week with the chief of the bank's major shareholder HNA Adam Tan in Frankfurt, not disclosing the details.

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