News

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Thu, 08 Mar 2018 12:02:35 GMT

Latvia to toughen bank controls to defuse US standoff

Latvia's Prime Minister Maris Kucinskis pledged that the country would make more investments into bank monitoring, after Washington accused ABLV Bank of money-laundering.

Thu, 08 Mar 2018 12:02:25 GMT

China Resources Beer seeks buying Heineken's China unit

China Resources Beer is in negotiations to clinch a deal to buy Heineken's China business that could be worth over $1B, as the Chinese biggest brewer aims at growth from the premium brands.

Thu, 08 Mar 2018 11:03:11 GMT

SAP admits misconduct

The German business software company SAP has admitted that it has had compliance breaches in dealing with the South African public sector.

Thu, 08 Mar 2018 11:02:45 GMT

StanChart expected trade tariffs

The proposed US trade tariffs on steel and aluminum have been actually taken into account into the loan decisions of British Standard Chartered.

Thu, 08 Mar 2018 10:32:14 GMT

South Korean envoys set to meet US Security Adviser

On Thursday, two South Korea's envoys are expected to arrive in the United States to meet the National Security Adviser H.R. McMaster to discuss an upcoming meeting with North Korea's leader Kim Jong Un.

Thu, 08 Mar 2018 10:28:35 GMT

Germany's Continental not pleased with U.S. tariff plans

Germany's automotive supplier Continental raised concerns about the President Donald Trump's plans to impose steel and aluminium tariffs that might trigger a trade war with the United States.

Thu, 08 Mar 2018 09:27:54 GMT

Eisai signs collaboration with Merck to develop cancer drug

Japan's Eisai clinched a collaboration deal with Merck & Co to develop Eisai's cancer drug called Lenvima and sell it worldwide, as the drug had been already approved in many countries.

Thu, 08 Mar 2018 09:20:25 GMT

Grab in talks to acquire some Uber's Southeast Asia units

Grab, the biggest ride-hailing company in Southeast Asia, is in advanced talks to acquire parts of Uber Technologies' business, as well as offer a stake in the group that will pull back the US firm from the global expansion.

Thu, 08 Mar 2018 08:01:11 GMT

German industrial orders fall in January

According to the Federal Statistics Office, the industrial orders in Germany plunged 3.9% in January, following the prior month's 3.0% rise, missing analysts' expectations.

Thu, 08 Mar 2018 07:54:28 GMT

Great Wall plans doubling car sales by 2025

The Chinese automaker Great Wall Motor seeks to raise its annual sales to 2M cars by 2025, with a third of those seen to be electric vehicles.

Thu, 08 Mar 2018 07:18:03 GMT

Japan's FSA fines seven cryptocurrency exchanges for improper risk management

Japan's Financial Services Agency has penalised seven cryptocurrency exchanges for inadequate internal control when dealing with terrorism financing and money laundering.

Thu, 08 Mar 2018 07:08:17 GMT

Linde profit surges in 4Q2017

The Linde Group reported on Thursday a better-than-expected profit during the fourth quarter of 2017, boosted by higher operating margin and non-cash gains from the US tax reform.

Thu, 08 Mar 2018 05:31:59 GMT

Japan's GDP growth revised up in Q4

The Japan economic growth was stronger than initially projected in the fourth quarter of 2017, as inventory and capital expenditure data were revised up.

Thu, 08 Mar 2018 05:30:43 GMT

Trump to offer Mexico, Canada 30-day exemption from tariffs

The US President Donald Trump is set to offer Mexico and Canada a 30-day tariff exemption for aluminium and steel exports, which could be prolonged based on NAFTA negotiations progress.

Thu, 08 Mar 2018 04:03:11 GMT

Apple finds supplier problems as audit expands

Apple found a greater number of violations of the company's environmental and labour policies for suppliers, as the scope of yearly audit was expanded.

Thu, 08 Mar 2018 04:00:35 GMT

China's exports jump 44.5% in February

China's exports revealed a stronger-than-expected 44.5% surge in February, while imports rose 6.3% in the same period.

Wed, 07 Mar 2018 22:20:31 GMT

GM calls for expansion of tax credit to satisfy demand for electric cars

The CEO of General Motors Mary Barra urged the US Congress on Wednesday to expand customer tax credits in order to satisfy the strong demand for its electric vehicles.

Wed, 07 Mar 2018 22:20:18 GMT

Bitcoin plunges due to security concerns

Bitcoin fell to a one-week low of $9,450 on Wednesday in response to a warning from the US Securities and Exchange Commission about ‘potentially unlawful' trading platforms.

Wed, 07 Mar 2018 20:01:12 GMT

UK, Saudi Arabia to strengthen mutual trade and investments

The United Kingdom and Saudi Arabia agreed on Wednesday to allocate £65B for mutual trade and investment projects over the coming years.

Wed, 07 Mar 2018 19:59:33 GMT

Fed: US labour market remains tight

According to the Beige Book published by the Fed, the US job market remained tight with an increasing demand for qualified workers and labour shortage in certain sectors.

Wed, 07 Mar 2018 19:21:16 GMT

UN Security council calls for ceasefire across Syria

On Wednesday, the United Nations Security Council called for an implementation of ceasefire across Syria, expressing its concerns regarding Syria's humanitarian situation.

Wed, 07 Mar 2018 19:04:53 GMT

IKEA CFO: company will maintain high investment rates

On Wednesday, new IKEA CFO Juvencio Maeztu stated that the company will raise or maintain the already high investments level in the nearest few years as IKEA is adapting to fast-changing consuming habits.

Wed, 07 Mar 2018 18:19:23 GMT

France is not ready to sell Renault shares to Nissan

An official of French Ministry of Finance claimed that France is not ready to accept the proposal of Renault-Nissan CEO Carlos Ghosn to let Nissan acquire French government's share in the carmaker Renault.

Wed, 07 Mar 2018 18:00:01 GMT

Kraft Heinz launches incubator program for food startups

On Wednesday, Kraft Heinz Co launched an incubator platform Springboard for beverage and food startups, focusing on supporting developing brands which make healthy and experimental products.

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