News

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Thu, 27 Sep 2018 07:39:47 GMT

France's FinMin has no plans over Air France-KLM stake sale

The French Finance Minister stated on Thursday the country had no intention or plans to sell a stake in Air France-KLM.

Thu, 27 Sep 2018 07:36:27 GMT

Axiata considers rejection of Keppel bid to acquire M1

Malaysia's Axiata Group is thinking over to reject a bid led by the Singapore conglomerate Keppel to acquire mobile firm M1, according to sources.

Thu, 27 Sep 2018 06:38:58 GMT

SoftBank to attract $100B funds

On Sunday, the Chief Executive Officer of Japanese financial conglomerate SoftBank Masayoshi Son claimed that SoftBank is planning to attract $100B every 2-3 years.

Thu, 27 Sep 2018 06:37:08 GMT

Comcast to stop acquiring Sky shares in market

Comcast, which acquired 38% of the UK pay-TV group Sky's shares in its $40B auction win, stated it would not make any purchases for now.

Thu, 27 Sep 2018 05:07:34 GMT

IMF expands Argentina program to $57B, aiming to halt peso fall

The International Monetary Fund boosted Argentina's three-year lending program by $7B to $57B, on the condition of the Central Bank halting full-scale interventions to support the Peso.

Thu, 27 Sep 2018 05:03:10 GMT

Darktrace reaches $1.65B valuation

Cyber-security company Darktrace stated that it raised $50M in the latest funding round, which was led by Vitruvian Partners, valuing the form at $1.65B.

Thu, 27 Sep 2018 04:18:38 GMT

Pay awards by UK companies pick up after brief decline

Average pay increases awarded by Britain's employers rose more quickly in the three month-period to August after a short-term slowdown, a survey revealed.

Thu, 27 Sep 2018 04:14:53 GMT

Stripe valued at $20B in latest round of funding

Payments startup Stripe stated that it raised $245M in the latest funding round, better positioning the firm to expand to new markets and attract bigger customers.

Thu, 27 Sep 2018 03:34:54 GMT

SPH, Keppel suggest to buy rest of M1

Singapore Press Holdings and Keppel Corp stated that they have offered to purchase the remaining shares in M1, the Singaporean telecom operator.

Thu, 27 Sep 2018 03:31:31 GMT

BoK: job market, weak inflation obstacles to tighter policy

South Korea's Central Bank Chief stated the Sino-U.S. trade conflict, weak job market and slow price growth were obstacles to tightening monetary policy.

Thu, 27 Sep 2018 02:35:34 GMT

China industrial profits increase 9.2% in August

Profits earned by Chinese industrial firms grew 9.2% year-over-year in August, revealing the weakest growth pace since March, the National Statistics Bureau stated.

Thu, 27 Sep 2018 02:32:29 GMT

UK car production falls 13% in August

Britain's car output fell 12.9% year-on-year in August, the third drop in succession, amid preparations for tougher emissions regulations and model changeovers, an industry body stated.

Wed, 26 Sep 2018 20:02:19 GMT

ADB: Bangladesh GDP growth hits 7.9%

The Bangladesh economy expanded 7.9% in the period between July 2017 and June 2018, the fastest pace of growth since 1974, the Asia Development Bank reports.

Wed, 26 Sep 2018 20:01:36 GMT

China to reduce import tariffs on 1,585 taxable items

China plans to reduce import tariffs on 1,585 items starting November 1 to offset new tariffs on goods from the US, the State Council executive committee reports.

Wed, 26 Sep 2018 19:19:01 GMT

China promises measures to attract foreign investment

China plans to strengthen efforts to attract foreign investment with better intellectual property protection and faster approval procedures, a statement released by the State Council executive committee shows.

Wed, 26 Sep 2018 19:17:10 GMT

ADB: China to grow 6.6% in 2018

China's gross domestic product growth forecast remains at 6.6% in 2018 thanks to solid domestic consumption, the Asian Development Bank says.

Wed, 26 Sep 2018 18:06:06 GMT

Pompeo plans to visit North Korea in October

On Wednesday, the US Department of State said that Secretary of State Mike Pompeo will travel to Pyongyang in October to discuss the denuclearization of the Korean Peninsula.

Wed, 26 Sep 2018 18:05:53 GMT

Trump opens to meet President Maduro

The US President Donald Trump said on Wednesday that he is open to meet Venezuela's President Nicolas Maduro, if that would help Venezuelans.

Wed, 26 Sep 2018 17:26:28 GMT

South Korean President: next Trump-Kim meeting to happen in 2018

The US President Donald Trump and the leader of the Democratic People's Republic of Korea Kim Jong Un are likely to meet by the end of this year, the South Korean President Moon Jae-in says.

Wed, 26 Sep 2018 17:25:32 GMT

Mexico's economy grows 3.3% in July

Mexico's economy grew 3.3% in July compared to the same period the previous year, the National Institute of Statistics and Geography reports.

Wed, 26 Sep 2018 17:01:41 GMT

Hammond plans to deliver budget statement in October

On Wednesday, the UK's Finance Minister Philip Hammond said that he would deliver a budget statement on October 29.

Wed, 26 Sep 2018 17:01:29 GMT

Wall Street declines before rate hike

Stock prices declined on Wednesday ahead of the US Federal Reserve's expected interest rate hike.

Wed, 26 Sep 2018 16:04:27 GMT

Argentine Peso declines on Wednesday

The Argentine Peso declined on Wednesday, as investors awaited more details of a revised lending deal with the International Monetary Fund.

Wed, 26 Sep 2018 16:02:46 GMT

Russia's lawmakers move closer to increase retirement age

On Wednesday, Russian lawmakers moved closer to approve divisive measures to increase the country's retirement age.

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