News

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Fri, 09 Mar 2018 06:01:10 GMT

Wynn Resorts agrees to $2.6B Universal lawsuit settlement

Wynn Resorts is set to pay $2.6B to settle a lawsuit with the Japanese Universal Entertainment, ending a year-long dispute between the casino mogul Steve Wynn and his ex-associate Kazuo Okada.

Fri, 09 Mar 2018 05:56:25 GMT

Twitter names new Chief Technology Officer

On Thursday, Twitter appointed Parag Agrawal as the company's new Chief Technology Officer, following the resignation of Anthony Noto last month.

Fri, 09 Mar 2018 05:15:35 GMT

Toyota's Denso buys 4.5% stake in chipmaker Renesas

Toyota's affiliate Denso is acquiring an extra 4.5% stake in the chipmaker Renesas Electronics in a deal worth $800M, amid carmakers' intention to adopt self-driving technologies.

Fri, 09 Mar 2018 05:10:38 GMT

Japan urges US to lift steel import tariffs

Japanese aluminium industry called on the United States to withdraw new tariffs on aluminium and steel imports, amid concerns that the move could also hit the global trade.

Fri, 09 Mar 2018 03:54:58 GMT

China's consumer prices hit four-year high in February

China's consumer inflation surged to the highest level since late 2013 in February, largely due to increased prices of food, official report indicated.

Fri, 09 Mar 2018 03:54:06 GMT

BoJ keeps rates unchanged at negative 0.1%

The Bank of Japan announced its decision to keep rates steady at a negative 0.1%, remaining convinced that massive stimulus program would help inflation to reach the target.

Thu, 08 Mar 2018 20:54:31 GMT

US reports smaller change in natural gas storage

The US Energy Information Administration reported a smaller-than-expected change in natural gas storage in the week ended March 3, 2018.

Thu, 08 Mar 2018 20:54:14 GMT

Hong Kong not to prop up local currency

On Thursday, the Hong Kong Monetary Authority said that it did not want to issue bills to prop up the domestic currency until it reaches the limits of its trading.

Thu, 08 Mar 2018 20:03:03 GMT

China approves Foxconn IPO of subsidiary

Chinese authorities have approved the upcoming IPO of subsidiary of Taiwanese Foxconn, one of the biggest contract electronics makers in the world, on Shanghai Stock Exchange.

Thu, 08 Mar 2018 20:01:49 GMT

Snap to cut over 120 employees

According to a memo released on Thursday, Snapchat is set to slash over 120 engineers and reorganise its staff in a major company reshuffle.

Thu, 08 Mar 2018 19:17:37 GMT

Germany's Maas to become new Foreign Minister

According to one of the Social Democratic Party representatives, Germany's Minister of Justice Heiko Maas will be appointed as the new Minister for Foreign Affairs in a new coalition government led by Angela Merkel.

Thu, 08 Mar 2018 19:05:38 GMT

Italian president calls on parties to act responsibly after March election

On Thursday, Italian president Sergio Mattarella called for Italian politicians to act responsibly after the Italian general election on May 4, 2018, when parties will need to unify to form a new government.

Thu, 08 Mar 2018 18:19:30 GMT

Indian airlines to significantly expand their fleet

On Thursday, Indian airlines SpiceJet Ltd, AirAsia India and Jet Airways claimed that they were planning to add new aircrafts to their fleet as they look for an expansion in the fastest-growing airlines market in the world.

Thu, 08 Mar 2018 17:58:59 GMT

Saudi crown prince meets banking executives in London

On Thursday, Saudi Crown Prince Mohammed bin Salman, who is visiting the UK this week, met with HSBC group chief executive John Flint and Standard Chartered CEO Bill Winters.

Thu, 08 Mar 2018 17:14:08 GMT

US jobless claims rise 21K last week

The US Department of Labour reported that seasonally-adjusted initial jobless claims jumped 21K to 231K over the week ended March 3.

Thu, 08 Mar 2018 17:13:13 GMT

Canadian building permits up 5.6% in January

According to the data released by Statistics Canada on Thursday, the country's building permits were up 5.6% for the month of January.

Thu, 08 Mar 2018 16:08:31 GMT

Shareholders, EU accept Melrose's £7B bid for GKN

The UK-based investment company Melrose Industries plc has received an approval from its shareholders and the EU to carry on with the £7B hostile bid for the engineering group GKN. 

Thu, 08 Mar 2018 16:08:05 GMT

WSJ: US seeks $100B reduction in trade deficit with China

According to a report by the Wall Street Journal, the Trump administration was seeking measures how to diminish the US trade deficit with China by $100B.

Thu, 08 Mar 2018 15:08:11 GMT

US approves $197M equipment sale to Qatar Air Force

The US State Department approved a possible equipment sale worth $197M to upgrade the air operations centre of the Qatari Emiri Air Force.

Thu, 08 Mar 2018 15:04:27 GMT

Daimler acquires 3.93% stake in BAIC e-car subsidiary

On Thursday, Daimler stated it had bought a 3.93% stake in the BAIC Group's subsidiary Beijing Electric Vehicle as it seeks to deepen cooperation with the firm.

Thu, 08 Mar 2018 14:34:48 GMT

Lockheed, MBDA form JV for Germany's missile defence project

The EU missile maker's German unit MBDA and the US arms firm Lockheed Martin established a joint venture to expand a new missile and air defence system being discussed with Germany's military.

Thu, 08 Mar 2018 14:31:07 GMT

German Foreign Minister not to be new government's member

On Thursday, the German Foreign Minister Sigmar Gabriel confirmed that he would not become a member of the new government and would be replaced by his successor on Friday.

Thu, 08 Mar 2018 13:33:43 GMT

US health insurer Cigna to acquire Express Scripts

On Thursday, the US health insurer Cigna stated it would acquire the pharmacy benefits firm Express Scripts Holding for around $54B, as the companies aim to cut costs.

Thu, 08 Mar 2018 13:28:01 GMT

Congo Presidential election remains on course for December

According to the Prime Minister of the Democratic Republic of Congo Bruno Tshibala, the Presidential election to replace the President Joseph Kabila is still on course for the end of December.

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