News

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Mon, 12 Mar 2018 15:17:16 GMT

South Korea's Security Chief to meet Russia's Foreign Minister

According to TASS news agency, South Korea's Security Chief Chung Eui-yong is set to travel to Russia this week and will hold a meeting with the country's Foreign Minister Sergei Lavrov.

Mon, 12 Mar 2018 14:30:30 GMT

Tesla suspends production of Model 3 over upgrade

Tesla has temporarily suspended its Model 3 electric car production, starting from the February's end, amid the scheduled upgrade of equipment, as it seeks to improve automation and raise production rates.

Mon, 12 Mar 2018 14:24:07 GMT

South Korea to halt trading in Samsung Electronics

On Monday, South Korean stock exchange stated it would halt trading in Samsung Electronics for three days ahead of the stock's split, adding the dates would be announced by the company.

Mon, 12 Mar 2018 13:34:20 GMT

India grounds 11 aircraft fitted with Pratt & Whitney engines

On Monday, Indian aviation regulator urged for an immediate grounding of 11 Airbus A320neo jets, operated by GoAir and IndiGo, and fitted with the engines by Pratt & Whitney.

Mon, 12 Mar 2018 13:29:14 GMT

Dropbox expects IPO at $16-$18 per share

On Monday, the data-sharing business Dropbox filed for an IPO of 36M shares, valuing the company at more than $7B.

Mon, 12 Mar 2018 12:33:19 GMT

Britain assured with reaching transition deal

Britain is confident on winning the transition deal with the European Union after the Brexit as the bloc's summit that will take place later this month.

Mon, 12 Mar 2018 12:28:08 GMT

AgBank plans to attract $15.8B via private placement

On Monday, the Chinese Agricultural Bank stated it would raise up to $15.8B in the largest A-share private placement via listed commercial bank in China.

Mon, 12 Mar 2018 10:33:31 GMT

Tillerson cuts short African trip amid urgent work

The US State Secretary Rex Tillerson had to cut short his Africa trip and return to Washington one day earlier than planned amid urgent work.

Mon, 12 Mar 2018 10:29:54 GMT

EU extends sanctions against Russia

On Monday, the European Union stated it decided to extend sanctions against Russia for six months that had been imposed over the Crimea annexation and backing rebels in the Eastern Ukraine.

Mon, 12 Mar 2018 09:25:58 GMT

Amazon considers adding more regional content in India

Amazon.com video service considers expansion of the Indian regional content amid competition with a local and global players' host for a larger share of the online streaming market.

Mon, 12 Mar 2018 09:00:54 GMT

Novartis new CEO remakes leadership amid Wyss exit

The new Novartis CEO Vas Narasimhan is reforming the drugmaker's leadership, following the Operations President Andre Wyss's exit, while three other chairmen got the executive committee seats.

Mon, 12 Mar 2018 08:34:45 GMT

AI can increase power firms' efficiency

According to Roland Berger consultancy, the power companies can raise their efficiency with the help of artificial intelligence technology to control home appliances or predict power grid's demand swings.

Mon, 12 Mar 2018 07:31:29 GMT

Saudi Aramco's IPO likely to be delayed until 2019

Saudi Aramco has informed its British counterparts that the oil giant's initial public offering most likely to be postponed until 2019 instead of the previously scheduled 2018-end.

Mon, 12 Mar 2018 07:27:50 GMT

DowDuPont's chairman Liveris to step down

According to the Wall Street Journal, the executive chairman of the US chemicals producer DowDuPont Andrew Liveris is set to leave his post on April 1 and will be replaced by the company's co-lead director Jeff Fetting.

Mon, 12 Mar 2018 06:18:55 GMT

Le Pen wants her party to be renamed

Speaking at a party congress in Lille, France's far-right politician Marine Le Pen said she wanted her National Front party to be renamed "National Rally".

Mon, 12 Mar 2018 06:18:38 GMT

Pope worried about fear dictating national policies

The leader of Roman Catholics Pope Francis has expressed his concern over fear dictating national policies across the world.

Mon, 12 Mar 2018 05:02:36 GMT

Australian exports to benefit from US tariff exemptions

On Monday, Australia's steel and aluminium producers stated that the country's exports would benefit from US tariff exemptions.

Mon, 12 Mar 2018 05:02:25 GMT

Pinera promises to combat Chile's economic stagnation

At his inauguration ceremony, the newly-elected Chilean President Sebastian Pinera promised to put an end to the state's economic "stagnation".

Mon, 12 Mar 2018 04:30:06 GMT

No-deal Brexit to cost EU, UK firms £58B

Companies in the UK and EU would face an extra £58B in yearly costs in case of no-deal Brexit, as the British vast financial sector is likely to be the heaviest-hit industry.

Mon, 12 Mar 2018 04:29:18 GMT

Deutsche Bank to pay €2B in bonuses for last year

Deustche Bank stated that the 2017 bonus pool is expected to be above €2B, as being the loss-making bank it seeks to keep staff during the main overhaul.

Mon, 12 Mar 2018 02:58:16 GMT

Japanese manufacturing activity worsens in Q1 2018

Japan's Ministry of Finance reported that its BSI Manufacturing Index dropped to 2.9 in the Q1 of 2018 from the prior quarter's 9.7, while analysts anticipated an increase to 10.3.

Mon, 12 Mar 2018 02:57:18 GMT

Trump may pick ex-Microsoft CFO as his next top economic adviser

Official sources reported that Chris Liddell, the former CFO at Microsoft, could become the US President Donald Trump's top economic adviser.

Sun, 11 Mar 2018 21:01:16 GMT

Hong Kong Democrats hope to gain lost ground in by-election

In the wake of China's decision to grant the President the right to stay in power indefinitely, Hong Kong's Democrats are concerned about recapturing some of the lost seats in today's by-election.

Sun, 11 Mar 2018 21:00:48 GMT

Iran's Zanganeh: OPEC might start easing oil output curbs in 2019

The WSJ reported that according to Iran's Oil Minister Bijan Zanganeh, the OPEC might agree to start easing oil output cuts as soon as 2019.

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