News

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Sat, 24 Nov 2018 12:34:30 GMT

US fund investors reveal concern over credit

The US fund investors renewed concerns on quality of credit in the corporate debt market over the latest week, hitting high-yield debt funds and leveraged loan with multibillion-dollar withdrawals, Lipper data revealed.

Sat, 24 Nov 2018 11:50:28 GMT

FinMin sees Brexit deal as best option to protect UK economy

Britain's draft deal to quit the EU was the best available option to safeguard the country's economy and begin to reunite a divided country, Chancellor Philip Hammond stated.

Sat, 24 Nov 2018 11:50:14 GMT

Chinese lottery sales jump 12.2% in October

China's lottery sales grew 12.2% year-over-year to nearly $6B in October with the biggest jump of 20.5% in sales of sports lottery, the Ministry of Finance stated.

Sat, 24 Nov 2018 11:30:46 GMT

A10 Networks considers potential sale

A10 Networks, the US technology company, was exploring options, which include a possible sale of the firm, sources with the matter stated.

Sat, 24 Nov 2018 11:29:31 GMT

Total: batteries investment to depend on Asian level playing field

Oil and gas company Total is set to invest heavily in production of car batteries if it manages to compete over equal conditions with Asia's manufacturers.

Sat, 24 Nov 2018 10:11:34 GMT

Deforestation in Brazil reach 10-y high

According to government report released on Friday, this year 7.9 square kilometers were cleaned from forest in the Brazilian Amazon, thus representing the highest result in a decade.

Sat, 24 Nov 2018 10:05:58 GMT

Climate change damages US economy, report says

According to a government report published on Friday, gradual increase in emissions will inevitably damage different sectors of the US economy, such as agriculture, health care and infrastructure.

Sat, 24 Nov 2018 09:15:10 GMT

Iran calls for Muslims unity against

The President of Iran Hassan Rouhani on Saturday called all Muslims to unite and stand against injustice and violence coming from the Western countries led by the United States.

Sat, 24 Nov 2018 09:10:00 GMT

Hammond says Brexit deal is beneficial for economy

The British Finance Minister Philip Hammond said on Saturday that deal on Brexit negotiated by Theresa May would be beneficial for country not only from political point of view but also from economic.

Sat, 24 Nov 2018 08:04:00 GMT

South Korea receives UN sanctions exemption for survey of inter-Korean railway

On Saturday, South Korean said it had secured sanctions exemptions from the United Nations Security Council for the inter-Korean railway's survey.

Sat, 24 Nov 2018 08:03:26 GMT

Kelly defend Ghosn's payment

On Saturday, the ex-Nissan executive Greg Kelly, who was arrested along with the former Nissan Motor Chairman Carlos Ghosn, said that Ghosn's payment was appropriate.

Sat, 24 Nov 2018 07:07:47 GMT

Costa Rica's Supreme Court validates tax reform

Costa Rica's Supreme Court has endorsed a tax reform bill, approved by lawmakers in October, which aims to cut government worker benefits and increase taxes.

Sat, 24 Nov 2018 07:06:37 GMT

Bahrain holds Parliamentary elections

On Saturday, thousands of Bahrainis went to the polling stations to vote in the country's Parliamentary elections.

Sat, 24 Nov 2018 06:13:41 GMT

Singapore's Keat likely to become next PM

On Friday, the Finance Minister of Singapore Heng Swee Keat took the position of the 1st Assistant Secretary-General of the country's govering People's Action Party, thus becoming the most likely candidate for the post of Prime Minister.

Sat, 24 Nov 2018 06:07:35 GMT

China backs WTO reforms

The China's Ministry of Commerce stated on Saturday that the country backs required reforms of the World Trade Organization (WTO), which could make it more effectivene and authoritative.

Sat, 24 Nov 2018 05:06:09 GMT

Trump denies rumors about Mnuchin resignation

The US President Donald Trump published post in Twitter on late Friday, in which he denied the rumors about his dissatisfaction with the country's Treasury Secretary Steven Mnuchin.

Sat, 24 Nov 2018 05:01:50 GMT

Taiwan holds local elections

On Saturday, thousands of Taiwanese went to polling stations to give their vote in local elections, which experts viewed as a test for pro-independence govering party ahead of presidential elections.

Sat, 24 Nov 2018 03:56:05 GMT

Logitech considers acquiring headphone maker Plantronics

The Swiss manufacturer of webcams and keyboards, Logitech International, is in talks to acquire the US producer of the gaming headsets and Bluetooth earpieces, Plantronics, in a potential deal worth over $2.2B.

Sat, 24 Nov 2018 03:55:07 GMT

Vauxhall to shed extra jobs from Ellesmere Port plant

PSA's British firm Vauxhall is planning to cut additional 241 job positions at the Ellesmere Port car factory amid its latest reductions at the site, aggravating union concerns about the plant future.

Sat, 24 Nov 2018 02:53:38 GMT

Flybe negotiates possible sale to Virgin Atlantics

Flybe Group has entered talks with Virgin Atlantics over a potential sale, the UK regional airline stated, as it is facing higher fuel costs, falling demand and weak British pound.

Sat, 24 Nov 2018 02:53:26 GMT

JPMorgan, Citigroup to pay $182.5M in rate-rigging lawsuit settlement

JPMorgan Chase & Co and Citigroup are set to pay $182.5M to settle the US investor court proceeding claiming the banks had violated anti-trust legislation by conspiring with banks to rig the key EU interest rate benchmark.

Fri, 23 Nov 2018 21:24:30 GMT

A10 Networks considers possible sale

The US technology firm A10 Networks is thinking over various options, including the company's possible sale, four years after it became publicly traded, sources with the knowledge on the issue reported.

Fri, 23 Nov 2018 21:19:48 GMT

German carmakers, US officials prepare for meeting at White House

The German carmakers and the US officials are getting ready for the meeting of Daimler, BMW and Volkswagen with Trump's Administration within the coming weeks, according to sources familiar with the matter.

Fri, 23 Nov 2018 20:01:45 GMT

Tensions heighten at Mexico-US border

Tensions have increased at the US-Mexico border, as hundreds of migrants massed around the United States border crossing.

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