News

Note: This section contains information in English only.
Tue, 19 Dec 2017 07:09:50 GMT

Cuba deepens trade ties with Russia

300 new Lada automobiles will be delivered to Cuba in January, as a part of a broader Russian strategy to resume political, military and economic ties with the former Cold War ally.

Tue, 19 Dec 2017 06:58:03 GMT

Apple announces new India sales chief

According to source familiar with the matter, the managing director for Apple in South Asia Michel Coulomb has been appointed as a new top sales chief in India, thus replacing Sanjay Kaul.

Tue, 19 Dec 2017 06:14:12 GMT

China calls US to cooperate

On Tuesday, China's Embassy to the US said that cooperation between two countries will lead to a mutually beneficial result, while confrontation will cause unnecessary loses. The announcement came in response to a new American national security strategy, which branded China as competitor.

Tue, 19 Dec 2017 06:07:20 GMT

Argentina ready to pass pension reform

Argentine lawmakers are ready to pass a pension reform despite massive protests outside the Congress and the country's top union call to make a daily strike in opposition to the draft bill.

Tue, 19 Dec 2017 05:26:20 GMT

Japan decides to widen ballistic missile defence system

On Tuesday, Japan formally decided to update its ballistic missile defence system with the American Aegis radar stations and interceptors in order to able to shoot down missiles flying from North Korea.

Tue, 19 Dec 2017 05:20:11 GMT

Cyril Ramaphosa becomes elected as ANC President

On Monday, the South African Deputy President Cyril Ramaphosa won elections and became President of the African National Congress (ANC). This position is likely to allow him to become the country's next leader in 2019 presidential elections.

Tue, 19 Dec 2017 03:53:26 GMT

NY and Massachusetts probe MetLife on unpaid pensions

Regulators of New York and Massachusetts stated that they were probing MetLife, after the insurer showed last week that pensions of potentially thousands of people were unpaid.

Tue, 19 Dec 2017 03:52:17 GMT

Japan updates GDB growth projections

The government of Japan revised its growth projection for the next and current fiscal years, anticipating the economy to grow 1.8% and 1.9% respectively, as domestic demand remained solid.

Tue, 19 Dec 2017 03:29:08 GMT

Campbell, Hershey bet $6B on healthy snacks producers

Hershey and Campbell Soup unveiled deals with the total sum nearing $6B to buy healthy snack makers in a bid to cater to a rising preference for healthy nutrition.

Tue, 19 Dec 2017 03:27:11 GMT

World Bank increases China growth forecast for 2017

The World Bank announced that it raised its growth forecast for the Chinese economic growth to 6.8% in 2017, as foreign trade and personal consumption supported growth.

Mon, 18 Dec 2017 21:08:56 GMT

Berkshire stock price hits $300,000

The stock price of Berkshire Hathaway Inc has reached $300,000 on Monday, underlying confidence of the investors in Warren Buffett's conglomerate despite lower operating profits.

Mon, 18 Dec 2017 21:03:15 GMT

Facebook, Google to accept China's online laws

According to China's regulator, Facebook and Google will be forced to accept Chinese online laws and tough censorship if the internet giants want to get access to 751M users.

Mon, 18 Dec 2017 20:26:16 GMT

Monte dei Paschi di Siena names new board, chairwoman

Italy's Monte dei Paschi di Siena, fourth-biggest bank, has selected a new board and a chairwoman to help controlling the course to recovery after the brink of collapse.

Mon, 18 Dec 2017 20:17:00 GMT

Global stocks jump amid upcoming tax vote

Global stock markets reached new highs during the New York session, as the US Republican lawmakers have moved closer to passing tax-cut legislation.

Mon, 18 Dec 2017 19:11:14 GMT

Pfizer's Board approves $10B stock repurchase programme

Pfizer reported on Monday that its Board of Directors approved a new $10B stock repurchase programme and a quarterly dividend increase.

Mon, 18 Dec 2017 19:10:10 GMT

Thales' shares surge amid bid for Gemalto

Shares of France's aerospace and defence group Thales surged more than 8% on Monday after the company agreed to buy Gemalto, a struggling digital company, for €4.8B.

Mon, 18 Dec 2017 18:10:18 GMT

Campbell to acquire Snyder's-Lance

Campbell reported on Monday that it would buy Snyder's-Lance, the fifth largest healthy snack maker in the US, for $4.87B.

Mon, 18 Dec 2017 18:09:11 GMT

Israel believes US will veto UN call for Trump Jerusalem decision

Israel said it believed that the US would veto the UN Security Council's call for the withdrawal of the US President Donald Trump's decision to recognise Jerusalem.

Mon, 18 Dec 2017 17:32:03 GMT

Trump to declare Russia, China as political rivals

Official sources reported on Monday that the US President Donald Trump would declare China and Russia political rivals, aiming to challenge the US.

Mon, 18 Dec 2017 16:52:26 GMT

US home-builder sentiment surged in December

The NAHB reported on Monday that its Housing Market Index rose to 74 in December, up from the prior month's downwardly revised figure of 69.

Mon, 18 Dec 2017 15:55:09 GMT

Foreign investment in Canadian securities improves markedly

Statistics Canada reported that foreign investment in Canadian securities totalled C$20.8B in October, up from the preceding month's C$16.7B.

Mon, 18 Dec 2017 15:54:19 GMT

UK CBI industrial order expectations hold steady

The Confederation of British Industry reported on Monday that its Industrial Order Expectations Index remained unchanged at 17 in December, whereas analysts anticipated a decrease to 14.

Mon, 18 Dec 2017 15:17:33 GMT

Nestle sells iced tea brands amid business restructuring

Nestle decided to sell its two iced tea brands in North America amid the world's largest food maker's intention to reshape the business and focus more on consumer health.

Mon, 18 Dec 2017 15:06:35 GMT

VW to install nearly 3K EV charging stations in US

Volkswagen's Electrify America unit is planning to install 2,800 e-vehicle charging stations in about 500 sites in the US 17 largest cities by June 2019.

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