News

Note: This section contains information in English only.
Fri, 01 Jun 2018 09:58:26 GMT

China pressures Taiwan's ally

The Chinese authorities are reportedly pressuring Swaziland to cut ties to Taiwan before an upcoming Chinese hosted African leader summit.

Fri, 01 Jun 2018 09:57:53 GMT

ECB praises changes at Deutsche Bank

The European Central Bank on Friday announced that Deutsche Bank has made progress in dealing with regulation.

Fri, 01 Jun 2018 09:49:05 GMT

ArcelorMittal asks for safeguards to protect European steel industry

The CEO of ArcelorMittal's French unit Philippe Darmayan explained on Friday that the EU was required to introduce quotas and safeguards to stabilise the European steel industry.

Fri, 01 Jun 2018 09:48:43 GMT

EU to ban retail sales of ‘binary' options from July 2

The European Securities and Markets Authority announced on Friday that the EU ban on selling ‘binary' options to retail customers would take effect on July 2.

Fri, 01 Jun 2018 09:22:39 GMT

Swiss UBP set to acquire Carnegie's Luxembourg arm BCL

Union Bancaire Privee, the Swiss assent manager and private bank, announced on Thursday it had agreed to acquire Carnegie Investment Bank's unit called Banque Carnegie Luxembourg by this year's end.

Fri, 01 Jun 2018 09:17:43 GMT

Monster Products to attract up to $300M in ICO

Monster Products, the headphone maker, stated it was seeking to raise about $300M in the initial coin offering, as part of its fund-raising strategy to create a digital currency or token.

Fri, 01 Jun 2018 08:35:38 GMT

Scotiabank to acquire MD Financial Management in $2B deal

On Thursday, Bank of nova Scotia stated it would acquire a financial service firm for Canada's doctors, MD Financial Management, in an all-cash deal valued at $2B.

Fri, 01 Jun 2018 08:28:07 GMT

Spain's PM Rajoy to be removed from office

On Friday, Mariano Rajoy, the Spanish centre-right Prime Minister, was set to be dismissed from his post and replaced by Pedro Sanchez, a Socialist leader, government sources stated.

Fri, 01 Jun 2018 07:08:36 GMT

Zurich Insurance aims for targeted M&A only

Zurich Insurance's CEO Mario Greco stated on Friday that his company is seeking to do only focused, targeted mergers and acquisitions, adding there was no need for the insurance sector's consolidation in Europe.

Fri, 01 Jun 2018 07:00:23 GMT

Air NZ and Qantas clinch alliance amid booming tourism

On Friday, Air New Zealand and Australia's Qantas Airways signed a codeshare deal amid a boom in tourism, which lifts the carriers on Tasman Sea's both sides to record profits.

Fri, 01 Jun 2018 06:34:09 GMT

Orange seeks to merge its OCS arm with Alice Studio

According to Le Figaro newspaper, France's largest telecoms operator Orange is seeking to merge the Orange Cinema Series unit with Alice Studio with intention to build a new business to rival Netflix.

Fri, 01 Jun 2018 06:30:41 GMT

Toshiba finalises $18B sale of its chip business to Bain Capital

On Friday, Japan's Toshiba has finalised its chip unit sale worth $18B to the consortium led by the US private equity group Bain Capital.

Fri, 01 Jun 2018 05:11:43 GMT

Australia to increase minimum wage

The Fair Work Commission stated on Friday that the national minimum wage will be increased by 3.5% in the mid-summer, thus affecting almost 2.3M or 20% of Australian employees.

Fri, 01 Jun 2018 05:04:40 GMT

Oil price falls amid US data

Crude oil prices decreased by 0.2% or 16 cents on Friday, reaching $66.88 a barrel, amid reports about record high American production this month.

Fri, 01 Jun 2018 04:20:02 GMT

Kuroda warns of possible protectionist measures

The Bank of Japan Governor Haruhiko Kuroda on Thursday called members of the G7 to have a "rational" discussion on trade issues in order to avoid introduction of protectionist measures.

Fri, 01 Jun 2018 04:16:04 GMT

G7 wants to challenge US tariffs

Members of the G7 agreed on Thursday to resist new American tariffs on aluminium and steel, arguing that such decision threatens global economic growth.

Thu, 31 May 2018 20:30:22 GMT

Trump: DPRK-US talks go well

Talks with a delegation from the Democratic People's Republic of Korea are going well, the US President Donald Trump says.

Thu, 31 May 2018 20:29:38 GMT

DPRK's Kim Yong-Chol visits US to meet with Mike Pompeo

The Kim Yong Chol, Vice Chairman of the ruling Workers' Party of Korea Central Committee, arrives in the US to meet with the US Secretary of State Mike Pompeo.

Thu, 31 May 2018 18:52:41 GMT

Indian economy expands 7.7% in Q1

The Indian economy grew 7.7% in the first quarter of 2018, up from 7.2% in the previous quarter, official data shows.

Thu, 31 May 2018 18:52:04 GMT

Eurozone unemployment rate in April at record lows

The Eurozone unemployment rate declined to 8.5% in April from 8.6% in March, the lowest level since December 2008, the European statistical office says.

Thu, 31 May 2018 18:30:53 GMT

EU Juncker: US steel tariffs unjustified

The EU strongly believes the US unilateral steel and aluminium tariffs are unreasonable and in confrontation with World Trade Organisation rules, the European Commission President Jean-Claude Juncker says.

Thu, 31 May 2018 18:30:10 GMT

EIB finances Ericsson for 5G research

The European Investment Bank finances Ericsson to fasten 5G mobile network research and implementation in Europe, the European Commission announces in a press release.

Thu, 31 May 2018 16:52:07 GMT

Ukraine plans $1.68B port infrastructure modernization

Ukraine plans a modernization of 46 projects in its ports by 2030 with a total cost of $1.68B, the Deputy Prime Minister Volodymyr Kistion says.

Thu, 31 May 2018 16:51:14 GMT

German President meets with Chinese FM

The German President Frank-Walter Steinmeier met with the Chinese State Councilor and Foreign Minister Wang Yi on Thursday to discuss broad common interests.

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