News

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Wed, 04 Apr 2018 11:35:11 GMT

Russia removes Hungarian diplomat over nerve agent attack

On Wednesday, Russia's Foreign Ministry stated that it had expelled the Hungarian diplomat in tit-for-tat move amid the ex-Russian spy Sergei Skripal case.

Wed, 04 Apr 2018 11:28:27 GMT

Boeing shares drop on China tariffs announcement

Shares of Boeing plunged 7.2% on Wednesday, following China's announcement that it will impose its own tariffs on US goods imports, which also included aircraft, in retaliation .

Wed, 04 Apr 2018 10:21:08 GMT

Elliott Management hopes for rapid reforms in Hyundai

The US-based hedge fund Elliott Management has urged Hyundai Motor Group to make more rapid reforms in the management, as its stake in the South Korean company is worth $1B.

Wed, 04 Apr 2018 10:11:24 GMT

Oil weakens due to Chinese tariffs on US goods

Oil prices dropped on Wednesday in response to China imposing tariffs on several US products, thus increasing the possibility of a trade war.

Wed, 04 Apr 2018 09:39:23 GMT

Russian IBS plans IPO on Moscow Exchange

Russia's IBS IT Services will launch an IPO on the Moscow Exchange, as it seeks to tap the country's economic recovery and resume domestic demand for the IT services.

Wed, 04 Apr 2018 09:32:18 GMT

China to impose extra tariffs on 106 US goods

China is set to introduce additional tariffs of 25% on 106 US goods worth $50B, including autos, chemicals, corn products, soybeans and different types of aircraft.

Wed, 04 Apr 2018 08:25:46 GMT

Amazon may make bid to buy Indian firm Flipkart

Amazon.com may offer to acquire India's e-commerce company Flipkart, which is now in talks with the US firm's rival Walmart, as both retailers fight for dominance in the Indian online industry.

Wed, 04 Apr 2018 08:20:07 GMT

Tech firms urge for gun control after YouTube shooting

On Tuesday, some of the Silicon Valley technology giants' CEOs called to enhance gun control, following an incident at the YouTube headquarters, where three people were wounded.

Wed, 04 Apr 2018 07:06:20 GMT

John Thain becomes nominee to Deutsche Bank's supervisory board

Deutsche Bank has nominated the US banker John Thain to the lender's supervisory board, the company announced on Wednesday.

Wed, 04 Apr 2018 07:02:21 GMT

Air New Zealand to end seven-year JV with Virgin Australia

On Wednesday, Air New Zealand announced it would end the seven-year joint venture with Virgin Australia Holdings with no plans to renew the alliance.

Wed, 04 Apr 2018 06:36:22 GMT

LafargeHolcim's largest shareholder steps down

The largest shareholder of LafargeHolcim Thomas Schmidheiny is planning to leave the company's board at the 2018 annual general meeting, the world's biggest cement maker reported on Wednesday.

Wed, 04 Apr 2018 06:32:06 GMT

China to take countermeasures against US tariff list

China criticised the United States over Trump administration's extensive tariff plan, which would hit around $50B of China's hi-tech and industrial products, vowing countermeasures in the trade dispute.

Wed, 04 Apr 2018 03:19:12 GMT

Jet Airways to by &% Boeing jets worth $8.8B

India's Jet Airways announced that the company entered into a deal with Boeing for the purchase of its 75 narrowbody jets, which would cost nearly $8.8B.

Wed, 04 Apr 2018 03:18:24 GMT

Hyundai expects reorganisation to benefit shareholders

South Korean Hyundai Motor stated that the company is confident the its plan to reorganise the governance structure is likely to benefit its shareholders.

Wed, 04 Apr 2018 01:55:11 GMT

China's Caixin services PMI drops unexpectedly to 52.3

Markit reported that its PMI for the Chinese services sector fell to 52.3 in March from the preceding month's 54.2, whereas analysts anticipated a rise to 54.5.

Wed, 04 Apr 2018 01:54:10 GMT

Australian retail sales rise more than expected last month

The ABS reported on Wednesday that retail sales surged 0.6% in March, following the prior month's climb of 0.2% and surpassing analysts' expectations for an increase of 0.3%.

Tue, 03 Apr 2018 20:06:41 GMT

Williams to become next Head of New York Fed

John Williams, the President of the Federal Reserve of San Francisco, has been promoted to the Head of the New York Federal Reserve.

Tue, 03 Apr 2018 20:05:56 GMT

Trump says he could have good relationship with Putin

On Tuesday, the US President Donald Trump said he thought that he could potentially have a good relationship with the Russian President Vladimir Putin.

Tue, 03 Apr 2018 18:52:37 GMT

Global dairy prices continue to fall

At the latest Fonterra auction on Tuesday, global dairy prices dropped 0.6% after falling 1.2% at the preceding auction.

Tue, 03 Apr 2018 18:52:24 GMT

Zambia lifts ban on some South African food imports

On Tuesday, Zambia lifted a ban imposed on food imports from South Africa, excluding "risky food" produced by RCL Foods and Tiger Brands that were linked to a listeria outbreak in 2017.

Tue, 03 Apr 2018 18:03:35 GMT

Peugeot plans to begin new UK van production in Luton

French car manufacturing group PSA is planning to begin the production of Citroen and Peugeot delivery vans at newly acquired Vauxhall plant in Luton, England. 

Tue, 03 Apr 2018 17:56:08 GMT

Trump says he will use military to protect border with Mexico

On Tuesday, the US President Donald Trump said that he will use US military to protect the border with Mexico until there is a wall on the border and proper security in a place. 

Tue, 03 Apr 2018 17:21:05 GMT

China notifies WTO about import tariffs against US

According to the WTO document dated by Thursday, China has informed the WTO that it will impose $611.5M worth of tariffs on $2.75B of US imports, including ethanol, pork and nuts. 

Tue, 03 Apr 2018 17:13:28 GMT

Russia, Turkey and Iran to discuss situation in Syria

On Wednesday, Turkish authorities stated that Iran, Russia and Turkey will meet in Ankara to discuss the new constitution of Syria and the increase of security in de-escalated conflict zones across Syria.

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