News

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Tue, 14 Nov 2017 12:27:13 GMT

Japan PM Abe pledges $1B in rural aid to Myanmar

On Tuesday, the Japanese Prime Minister Shinzo Abe offered a $1B development aid to Myanmar's leader San Suu Kyi during the Manila meeting.

Tue, 14 Nov 2017 12:22:47 GMT

Airbus signs draft pact to sell its A320neo jets

Golden Falcon Aviation supplier to Kuwait's Wataniya Airways clinched a $2.7B draft deal for the 25 Airbus A320neo jets at the Dubai Airshow, Airbus stated on Tuesday.

Tue, 14 Nov 2017 10:29:08 GMT

UK grants Tesco provisional permission for Booker takeover

The UK regulator granted Tesco a provisional approval for the $4.9B takeover of the wholesaler Booker on Tuesday, moving the British largest retailer closer to securing new opportunities of growth.

Tue, 14 Nov 2017 10:18:24 GMT

Nepal cancels hydropower factory deal with Gezhouba

Nepal cancelled a $2.5B deal with the Chinese Gezhouba Group over construction of the country's largest hydropower plant due to lapses in the award process.

Tue, 14 Nov 2017 09:30:14 GMT

Tokyo's governor to quit as "Party of Hope" head

The Tokyo governor and the former LDP lawmaker Yuriko Koike is set to step down as the opposition "Party of Hope" head, she stated on Tuesday.

Tue, 14 Nov 2017 09:21:57 GMT

Emirates likely to order extra Boeing 787s on same terms

Dubai's Emirates Airlines stated on Tuesday it could order Boeing's 787 jets under the same commercial conditions as its deal that had been announced on Sunday.

Tue, 14 Nov 2017 08:30:57 GMT

AXA confirms key 2020 targets amid reorganisation

France's insurer AXA confirmed on Tuesday its main 2020 financial targets on the back of the extension of its management shake-up that caused the departure of some senior executives.

Tue, 14 Nov 2017 08:24:04 GMT

Uber Policy Chief for South Asia resigns

Uber's Policy Chief for South Asia and India stepped down from his post in the latest senior departure at the ride-hailing company, the sources familiar with the issue reported.

Tue, 14 Nov 2017 07:34:28 GMT

Australia's citizenship crisis escalates as eighth lawmakers quits

On Tuesday, the eighth Australian lawmaker was forced to leave the Parliament amid dual citizenship that made him ineligible for the office; an incident that deepens citizenship crisis in the country.

Tue, 14 Nov 2017 07:31:40 GMT

SoftBank considers investment in Uber

The Japanese SoftBank group is thinking over investing in Uber; however, no final agreement has been reached at this stage.

Tue, 14 Nov 2017 06:08:23 GMT

General Electric stock hits 5-year low

On Monday, shares in General Electric plunged by 7.2%, as the company's CEO John Flannery presented a plan that will transform the largest US conglomerate into a more focused and smaller enterprise.

Tue, 14 Nov 2017 06:00:22 GMT

Iran and Iraq earthquake death toll exceeds 450

The death toll from the magnitude 7.3 earthquake that hit western provinces of Iran on Monday exceeded 450, local media reported.

Tue, 14 Nov 2017 05:21:26 GMT

Oil prices plunge to $62.94

On Tuesday, crude oil prices decreased by 0.35%, reaching $62.94 a barrel, as the perspective of further rises in the US output undermined continuing production cuts led by OPEC-plus.

Tue, 14 Nov 2017 05:15:05 GMT

Four countries boycott UNSC meeting on Venezuela

On Monday, Russia, China, Bolivia and Egypt boycotted an unofficial United Nations Security Council (UNSC) session on Venezuela, arguing that international community should not interfere into its domestic affairs.

Tue, 14 Nov 2017 04:31:41 GMT

Google extends takedown of extremist videos on YouTube

Alphabet's Google started to remove extremist videos from YouTube, the company said, a major shift of policies, as social media firms face rising pressure from governments.

Tue, 14 Nov 2017 04:29:03 GMT

China's industrial output growth slows in October

Chinese industrial production increased 6.2% in October, following a 6.6% gain in the prior month, while growth momentum slowed as the government cracked down on pollution and debt risks.

Tue, 14 Nov 2017 03:30:30 GMT

Bombardier advances talks with EgyptAir on CSeries deal

The Canadian train and plane producer Bombardier negotiated with EgyptAr on a potential order for CSeries planes, which includes 12 CS300 jets worth $1.1B.

Tue, 14 Nov 2017 03:27:07 GMT

UK May promises to protect Europe from Russia's threats

Britain's PM Theresa May stated that the government would keep its commitment to post-Brexit protecting of Europe, as she accused Russia of election meddling and military aggression.

Mon, 13 Nov 2017 20:56:09 GMT

US runs budget deficit of $63B in October

The Treasury Department stated that the US Federal Government had a $63B deficit in the month of October as Washington increased spending.

Mon, 13 Nov 2017 20:55:29 GMT

New York DFS fines Credit Sussie $135M on forex practices

Credit Sussie agreed to pay $135M to solve allegations that its forex traders defrauded customers and attempted to manipulate prices of currencies, the NY state regulator said.

Mon, 13 Nov 2017 20:16:43 GMT

BoJ to proceed with monetary easing to fuel inflation

The Bank of Japan would continue to stick to powerful monetary easing in a bid to boost inflation growth, the Bank's Governor Haruhiko Kuroda stated.

Mon, 13 Nov 2017 20:14:57 GMT

EU governments sign defence pact

Germany and France and 21 other EU governments signed a pact to develop, deploy and fund armed forces, reaching an ambition to integrate European defences.

Mon, 13 Nov 2017 19:07:27 GMT

China's JD.com shares rise on high quarterly profit

Chinese e-commerce company's JD.com shares rose more than 7%, as it reported the strongest ever quarterly profit of $151M in three months to September, beating forecasts for a loss.

Mon, 13 Nov 2017 19:05:22 GMT

Airbus to increase capacity of its A350 jet

Airbus is set to work on raising capacity of the company's A350-900 jet, as airlines seek to diminish operating cost per seat, the industry's executives stated.

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