News

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Wed, 09 Jan 2019 05:32:14 GMT

Bank of Japan's survey reveals fall in consumer confidence

Survey results published by the Bank of Japan on Wednesday revealed that consumer confidence had decreased to a three month low level in December.

Wed, 09 Jan 2019 04:34:53 GMT

South Korean job growth at nine-year low last year

South Korea's job growth was the weakest in nine years in 2018, with the jobless rate rose to the highest level in 17 years, the report revealed.

Wed, 09 Jan 2019 04:32:07 GMT

Kroger to raise $1.2B via debt offering

The US supermarket chain Kroger announced plans to raise $1.2B via debt offering, according to the US regulatory filing.

Wed, 09 Jan 2019 03:04:30 GMT

Apple to cut production of new iPhones 10% in Q1

Apple cut planned production plan for three new iPhone models nearly 10% for the March quarter, a week after it slashed the quarterly sales forecast.

Wed, 09 Jan 2019 02:59:13 GMT

Britain's employers hire at weakest rate since April 2017

The UK employers hired staff in the month of December at the weakest pace since April 2017, suggesting that the economic growth cooled before Brexit, the report from the REC and KPMG revealed.

Tue, 08 Jan 2019 20:50:47 GMT

LG reports record operating profit in 2018

South Korean tech giant LG Electronics reported a record operating profit in 2018 amid strong sales of premium TVs and other electronics, the company reports.

Tue, 08 Jan 2019 20:49:20 GMT

Sri Lanka unemployment rate declines to 4.1%

Sri Lanka's unemployment rate declined to 4.1% in the third quarter of 2018, Sri Lanka's Census and Statistics Department reports.

Tue, 08 Jan 2019 20:34:29 GMT

Investment in Rwanda hits $2B

Investment in Rwanda reached a record high of more than $2B in 2018, a significant increase from $1.67B in 2017, the Rwanda Development Board reports.

Tue, 08 Jan 2019 20:33:42 GMT

Uganda: public debt is sustainable

Uganda's public debt of 41.5% of the GDP is sustainable in the medium and long term, Uganda's Finance Minister Matia Kasaija says.

Tue, 08 Jan 2019 18:48:31 GMT

German firms lose €300B to illegal work

German firms lose €300B in turnover every year to illegal employment, a study published by the German Economic Institute shows.

Tue, 08 Jan 2019 18:47:42 GMT

Taiwan CPI increases 1.35% in 2018

Taiwan's Consumer Price Index increased by 1.35% in 2018 after a first monthly decline of 0.5% in December since November 2017, the island's statistical agency says.

Tue, 08 Jan 2019 18:38:47 GMT

Iran: India is reliable partner

India is a very reliable partner for Iran despite the US sanctions on the Islamic republic, the Iranian Foreign Minister Mohammad Javad Zarif says.

Tue, 08 Jan 2019 18:38:08 GMT

Nepal welcomes 1M tourists in 2018

More than a million tourists have visited Nepal in 2018, an increase of 24.77% from the previous year, the Nepal Tourism Board reports.

Tue, 08 Jan 2019 17:36:42 GMT

Bangladesh earns $18B from exports

Exports from Bangladesh reached $18B in the first half of the current fiscal year, an increase of 15% compared to the same period the previous fiscal year, official data shows.

Tue, 08 Jan 2019 17:35:57 GMT

Pakistan wants fintech from China

Pakistan expects more financial technology from China to help develop financial services in Pakistan, the Governor of the State Bank of Pakistan Tariq Bajwa says.

Tue, 08 Jan 2019 16:20:13 GMT

MetLife appoints Khalaf as CEO to replace Kandarian

On Tuesday, MetLife appointed Michel Khalaf as the company's new CEO to replace the retired Steven Kandarian, after his eight years serving at this position.

Tue, 08 Jan 2019 16:03:56 GMT

Sika plans to pause on large M&As after acquiring Parex

On Tuesday, the Swiss chemicals group's CEO Paul Schuler stated the company would pause on signing large scale merger and acquisition deals after taking over France's Parex for $2.55B.

Tue, 08 Jan 2019 15:38:21 GMT

Qualcomm expands its line-up of car computing chips

Qualcomm has launched an expansion of its vehicle computing chips line-up, valuing the chips at different prices, which are similar to ones made for smartphones that are powering the budget-friendly handsets.

Tue, 08 Jan 2019 15:23:24 GMT

China smartphone deliveries likely to drop 12%-15.5% last year

China's smartphone shipments likely plunged 15.5% to nearly 390M units for a year, according to CAITC, while Canalys expects a 12% fall, still below 400M units.

Tue, 08 Jan 2019 14:36:59 GMT

Toyota to make its safety tech Guardian available in 2020s

Toyota Motor is planning to make the "Guardian", the automated safety technology, available not earlier than 2020s, the Toyota Research Institute's CEO Gill Pratt announced.

Tue, 08 Jan 2019 14:27:58 GMT

LG Electronics views 80% slump in Q4 profit

LG Electronics is expecting an 80% drop to $67.03M in its Q4 operating profit from the October-December period the previous year, missing analysts' expectations.

Tue, 08 Jan 2019 13:36:43 GMT

Nissan's Ghosn declares his innocence at Tokyo court hearing

The former chairman of Nissan Motor, Carlos Ghosn, is claiming his innocence, saying about wrong financial misconduct accusations, during the first public appearance at the Tokyo court hearing since he has been arrested in November.

Tue, 08 Jan 2019 13:32:02 GMT

Shares in Parken Sport climb on takeover talks

Shares in the soccer club FC Copenhagen's owner Parken Sport & Entertainment surged 32% to 109 Danish crowns on Tuesday, driven by media report about 29% stake sale to UK's Redstone Advisory Partners.

Tue, 08 Jan 2019 12:38:21 GMT

Clever, E.ON tie up over EV charging venture

On Tuesday, E.ON stated it had tied up with Denmark's Clever to form a 50/50 joint venture, seeking to install the high-speed electric vehicle charging stations across Scandinavian cities.

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