News

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Wed, 21 Feb 2018 08:26:11 GMT

Apple considers buying cobalt straight from miners

Apple is in talks over buying the cobalt long-term supplies for its iPhone batteries straight from miners, according to Bloomberg's report on Wednesday.

Wed, 21 Feb 2018 07:34:02 GMT

Sixth bank official arrested in $1.8B fraud case

On Wednesday, the CBI announced it had arrested the sixth top official of the state-run Punjab National Bank, following the expansion in an investigation into the $1.8B bank's fraud.

Wed, 21 Feb 2018 07:30:29 GMT

Japan to purchase 20 extra F-35A stealth fighters

Japan was planning to purchase at least 20 more F-35A stealth jet fighters from Lockheed Martin in the next six years, sources familiar with the issue reported.

Wed, 21 Feb 2018 05:52:02 GMT

Japan donates ballot boxes to Cambodia

As the Cambodian election of 2018 is about to begin, it turns out that the needed 10,000 ballot boxes were donated by the Japanese government.

Wed, 21 Feb 2018 05:51:47 GMT

Bahrain might invest in SoftBank

The sovereign fund of Bahrain Mumtalakat is in talks to invest in SoftBank's Vision Fund. The fund targets investments into the technology sector.

Wed, 21 Feb 2018 05:29:19 GMT

GM proposes new investment into South Korea

General Motors have proposed a $2.8B investment into its struggling South Korean unit. Moreover, the company has asked Seoul to provide the funds.

Wed, 21 Feb 2018 05:28:43 GMT

Venezuela announces first Petro results

The president of Venezuela Nicolas Maduro has announced that the pre-sale of the country's crypto currency has gained it $735M.

Wed, 21 Feb 2018 04:34:52 GMT

Guess co-founder to give up duties throughout probe

Guess stated that the company's co-founder Paul Marciano is set to give up his duties at the company awaiting the completion of probe of alleged improper conduct.

Wed, 21 Feb 2018 04:33:04 GMT

EU, Mexico make progress after trade negotiations, say deal not finalized

The European Union and Mexico's negotiators finished a 9th round of talks aimed at modernising the free trade deal, adding five new chapters and making progress on others.

Wed, 21 Feb 2018 02:55:40 GMT

Japanese manufacturing activity deteriorates in February

Markit reported that its flash PMI for the Japanese manufacturing sector fell to 54.0 points in February from the preceding month's final reading of 54.8.

Wed, 21 Feb 2018 02:54:20 GMT

Australian wage growth accelerates in Q4 2017

The ABS reported on Wednesday that its Wage Price Index rose 0.6% in the last quarter of 2017, after climbing 0.5% in the prior quarter.

Tue, 20 Feb 2018 21:22:18 GMT

US says other nations can be involved in Israeli-Palestinian peace talks

The US State Department reported on Tuesday that the US would consider the participation of other nations in Israeli-Palestinian peace negotiations in the future.

Tue, 20 Feb 2018 21:21:02 GMT

Haley says US is ready to discuss Middle East peace with Palestinians

The US Ambassador to the UN Nikki Haley stated on Tuesday that the US was ready to discuss the Middle East peace with Palestine.

Tue, 20 Feb 2018 20:33:09 GMT

Latvian DM defends Bank of Latvia Governor against corruption claims

The Latvian Defence Ministry stated that corruption claims against the Bank of Latvia Governor could be part of a disinformation campaign ahead of the 2018 Parliamentary Elections.

Tue, 20 Feb 2018 20:13:52 GMT

ING confirms Bitfinex has account with it

ING, a Dutch multinational financial services provider, confirmed that Bitfinex, a cryptocurrency exchange trading platform, had a bank account with it.

Tue, 20 Feb 2018 19:10:16 GMT

Reshaped Maersk to compete with FedEx, UPS

A.P. Moller-Maersk announced plans to compete with package delivery firms FedEx and UPS, as the company expands its logistics and transport business, Maersk CEO stated.

Tue, 20 Feb 2018 19:08:31 GMT

HSBC says tax probe of Swiss Bank could cost $1.5B

HSBS stated that it is likely to face more than $1.5B of penalties occurring from multiple investigations of complaints that its unit of Swiss bank helped clients to evade paying taxes.

Tue, 20 Feb 2018 18:18:11 GMT

India's software services sector to expand 7-9% in FY19

Indian software services exports are expected to mark revenue growth of 7-9% in terms of constant currency in the fiscal year ending in March 2019, as the industry would keep recovering.

Tue, 20 Feb 2018 18:11:02 GMT

German investors positive on outlook in February

The German economy is anticipated to expand in the following six months, despite a slight decrease in investor morale in February, the ZEW survey showed.

Tue, 20 Feb 2018 16:55:25 GMT

Japan expects US to return to TPP, says overhaul tough

Japan welcomed an upbeat stance by the US toward the Trans-Pacific Partnership, though indicated that altering the trade pact at current point would be difficult.

Tue, 20 Feb 2018 16:54:08 GMT

EZ consumer confidence declines in February

Consumer confidence in the Euro zone decreased more than anticipated in February, falling from the highest level in 17 years registered in January, preliminary data showed.

Tue, 20 Feb 2018 15:50:41 GMT

Japan's Abe focused more foreign workers

Japan's Prime Minister Shinzho Abe ordered the advisory panel to explore ways to rise foreign workers to resolve the country's labour shortages.

Tue, 20 Feb 2018 15:50:36 GMT

UK urges EU to work together on Brexit deal

David Davis, the Brexit Minister, stated that Britain and the EU could reach an agreement to access market and promised that the UK government is unlikely to use Brexit to reduce regulation.

Tue, 20 Feb 2018 15:31:25 GMT

Xerox top shareholders seek firm's sale to rivals

Xerox's shareholders Darwin Deason and Carl Icahn urged the US company on Tuesday to sell itself to one of its competitors or a private equity firm.

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