News

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Fri, 06 Apr 2018 08:55:18 GMT

India urges for jeweller Nirav Modi arrest in bank fraud

India urged Hong Kong authorities on Friday to arrest the jeweller Nirav Modi, a suspect in a $2B fraud at Punjab National Bank, as the fugitive might be on the territory of China.

Fri, 06 Apr 2018 08:55:08 GMT

China's Didi ride-hailing service officially launched in Mexico

Uber's rival Didi Chuxing Technology made a public launch in Mexico by recruiting drivers and advertising its ride-hailing services, saying the firm would start operations in the nearest future.

Fri, 06 Apr 2018 07:53:55 GMT

LG Electronics eyes highest Q1 profit in nine years

LG Electronics stated on Friday it was expecting its Q1 operating profit to surge 20% from the prior year to the company's highest since 2009, topping market forecasts.

Fri, 06 Apr 2018 07:53:45 GMT

South Korea calls on GM, union to agree on wage deal swiftly

On Friday, South Korea called on General Motors and the local labour union to reach a deal on wages swiftly to let the government discuss support for the carmaker on agreement condition.

Fri, 06 Apr 2018 07:15:08 GMT

South Korea's court to pass verdict on ex-leader Park

South Korea's court will deliver the verdict on Friday on the ousted President Park Geun-hye with prosecution seeking a 30-year prison term over corruption scandal that involved conglomerates and political leaders.

Fri, 06 Apr 2018 07:11:15 GMT

South Africa's Zuma to face charges of corruption on Friday

On Friday, the former South African President Jacob Zuma is set to appear in the High Court to face charges of fraud, corruption and money laundering that caused his loss from power.

Fri, 06 Apr 2018 06:37:19 GMT

China expects Kim-Trump-Moon summits to defuse tension

China hopes that the North Korea leader Kim Jong Un's planned summits with the Presidents of the United States and South Korea will defuse tensions on the Korean peninsula.

Fri, 06 Apr 2018 06:34:06 GMT

Mitsubishi plans recall of 87K Outlander vehicles in Russia

Mitsubishi Motors is planning to recall 86,620 Outlander cars that have been sold in Russia in the 2007-2012 time period, Russia's Rosstandart reported on Friday.

Fri, 06 Apr 2018 05:38:00 GMT

Facebook to pay $33M fine for failing to help Brazil graft probe

Facebook has been fined $33M by Brazil's judge for failing to collaborate with a corruption inquiry, the federal prosecution stated on Thursday.

Fri, 06 Apr 2018 05:36:01 GMT

Facebook shares surge as Zuckerberg calms down investors

On Thursday, shares of Facebook surged 4.2% after its CEO Mark Zuckerberg smoothed investors by saying that the social network had not noticed any strong impact on ad sales linked to data privacy row.

Fri, 06 Apr 2018 04:38:08 GMT

South Korea searches Samsung unit's offices amid sabotage probe

South Korea's prosecution raided offices at Samsung Elec.'s unit on Friday on the back of a probe into the alleged union sabotage, Yonhap News Agency reported.

Fri, 06 Apr 2018 04:34:32 GMT

Malaysia's PM to dissolve Parliament on Friday

On Friday, Malaysia's Prime Minister Najib Razak is set to announce the Parliament dissolution at 0330 GMT, paving the path for the country's general election.

Fri, 06 Apr 2018 03:28:12 GMT

Japan's online brokerage to purchase Coincheck for $33.6M

Monex Group, Japan's online brokerage business, stated that it would acquire the Tokyo-based cryptocurrency exchange firm Coincheck for $33.6M.

Fri, 06 Apr 2018 03:22:59 GMT

Samsung tips record-high profit in Q1

Samsung Electronics reported an unexpectedly high profit in the Q1, though the market's reaction was muted amid raising concerns that the semiconductor boom is likely to end.

Fri, 06 Apr 2018 01:54:27 GMT

Japanese average cash earnings rise 1.3% in February

The MHLW reported that average cash earnings grew 1.3% in February, following the preceding month's rise of 1.2% and surpassing analysts' expectations for a 0.5% climb.

Fri, 06 Apr 2018 01:53:46 GMT

Japanese household spending grows less than expected

Japan's Statistics Bureau reported on Friday that household spending rose 0.1% in February, after climbing 2.0% in the prior month, whereas analysts anticipated an increase of 0.3%.

Thu, 05 Apr 2018 19:52:06 GMT

German court to release ex-Catalan leader on bail

On Thursday, a German court reported that the former Catalan President Carles Puigdemont would be released on bail and could be extradited to Spain on corruption charges.

Thu, 05 Apr 2018 19:51:22 GMT

Vivendi unveils Telecom Italia board candidates

Vivendi, a French multinational mass media conglomerate, has released a list of candidates for the new Telecom Italia board.

Thu, 05 Apr 2018 19:15:08 GMT

Oil prices rise on equity rally, Saudi Arabia's oil price hike

Oil prices jumped on Thursday, boosted by US stock-market gains and an unexpected hike in oil prices by Saudi Arabia.

Thu, 05 Apr 2018 19:07:12 GMT

French final exams to take place despite protests

The French Prime Minister stated on Thursday that final university exams would be held as scheduled despite ongoing students' protests against Emmanuel Macron's economic reforms.

Thu, 05 Apr 2018 18:20:24 GMT

South Korean fighter jet crashes near Seoul

On Thursday, South Korean Defence Ministry stated that a fighter jet has crashed into a mountain southeast of Seoul with two pilots presumed dead. 

Thu, 05 Apr 2018 18:04:26 GMT

White House adviser says US administration will help farmers

On Thursday, the White House trade adviser Peter Navarro defended the position of Donald Trump on trade actions against China, adding that the administration will help farmers hit by trade tensions.

Thu, 05 Apr 2018 17:06:21 GMT

Uber to suspend operations in Greece

On Thursday, ride-sharing app Uber claimed that it will suspend its service in Greece after the approval of the new legislation that would impose stricter rules on ride-hailing companies.

Thu, 05 Apr 2018 17:00:23 GMT

Italian parliamentary coalition talks fail

On Thursday, Italian President Sergio Mattarella claimed that parliamentary talks aimed to resolve Italian political crisis failed and the next round of talks will be organised on the next week. 

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