News

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Fri, 17 Nov 2017 04:33:47 GMT

Toyota to review selling locally made EVs in China

Toyota Motor stated that it is likely to examine selling locally developed and manufactured electric car models in China in a bid to extend EV lineup.

Fri, 17 Nov 2017 03:25:05 GMT

Toshiba not in talks over sale of its PC unit

Toshiba said that it was not entering into negotiations with any firm over selling its personal computer business, denying rumours on its sale to Taiwan's Asustek Computer.

Fri, 17 Nov 2017 03:24:21 GMT

Nissan's Infinity to begin production in China in 2018

Nissan Motor's premium brand Infinity is set to start producing a new sport-utility vehicle in China next year, using current manufacturing capacity in the city of Dalian.

Thu, 16 Nov 2017 21:03:25 GMT

Siemens to cut 6.9K positions across company

Sources close to the matter reported on Thursday that Siemens would cut about 6.9K jobs, or 2% of its global workforce, amid rapid renewable energy growth.

Thu, 16 Nov 2017 21:02:26 GMT

Falling unemployment to lead to Fed rate hikes

The Dallas Federal Reserve President Robert Kaplan reported on Thursday that falling unemployment might lead to further rate hikes.

Thu, 16 Nov 2017 20:22:49 GMT

NAHB Housing Market Index jumps to 70

The National Association of Home Builders reported that its Housing Market Index rose to 70 in November, following October's 68 and surpassing analysts' expectations for a decline to 67.

Thu, 16 Nov 2017 20:04:43 GMT

Fed Capacity Utilisation Rate hits 77% last month

The Federal Reserve reported on Thursday that its Capacity Utilisation Rate came in at 77% in October, up from the prior month's 76.4%, while analysts anticipated a slight decrease to 76.3%.

Thu, 16 Nov 2017 18:52:18 GMT

US Congress starts first vote on tax cut plan

The US Republican Congress after the first vote on the tax plan cut approached to the ability to enact sweeping tax cuts. 

Thu, 16 Nov 2017 18:52:11 GMT

Viacom anticipates distributor revenue to fall in 2018

Viacom Inc, the owner of MTV and Comedy Central, reported on Thursday that it anticipated lower revenue from satellite and cable companies in 2018.

Thu, 16 Nov 2017 18:21:04 GMT

UN states call for end Myanmar military operations

The United Nations on Thursday called for end to Myanmar military operations that had led to the regular abuse and violation of human rights of Rohingya Muslims.

Thu, 16 Nov 2017 17:54:46 GMT

UK TravelTech startup Accomable acquired by Airbnb

Airbnb reported on Thursday that it has bought Accomable, a startup based out of London that focuses on travel listings that were disabled-friendly. 

Thu, 16 Nov 2017 17:30:09 GMT

US industrial output gains on hurricane-related disruptions fade

Industrial production in the US recorded the biggest six-months increase in October on the drag from the hurricane-related disruptions unwound.

Thu, 16 Nov 2017 17:15:27 GMT

Oil drops, as US supply threatens to disrupt OPEC cuts

Oil prices slipped on Thursday on rising US production and inventories that threatened to disrupt a meeting that was sparked after tightening world supply as a result of OPEC's curbs on output.

Thu, 16 Nov 2017 16:28:42 GMT

French military says coalition opposed IS withdrawal from Raqqa

French military reported on Thursday that the coalition that was battling with IS in Syria had made a stand against a deal allowing militant group fighters to withdraw from the former bastion of Raqqa.

Thu, 16 Nov 2017 16:18:46 GMT

US sees opportunity for talks if North Korea stops missile tests

The US Defense Secretary reported on Thursday that there could be potential talks between the United States and North Korea, if Pyongyang stopped nuclear programs testings.

Thu, 16 Nov 2017 15:25:37 GMT

Daimler opens Mercedes-Benz R&D centre in Tel Aviv

On Thursday Daimler launched a new Mercedes-Benz research and development centre for auto technologies in Tel Aviv that will focus on mobility services and digital vehicle.

Thu, 16 Nov 2017 15:01:33 GMT

US initial jobless claims rise 10K last week

The number of applications for US unemployment benefits surged 10K to 249K in the week ending November 11, missing analysts' expectations for a 235K drop.

Thu, 16 Nov 2017 14:29:07 GMT

Cambodia's scheduled 2018 election to go ahead

Cambodia's Prime Minister Hun Sen stated on Thursday that the country's general election scheduled for the next year is set to go ahead, despite a ban of the main opposition party.

Thu, 16 Nov 2017 14:19:13 GMT

Saudi King Salman speaks with China's Xi

The Saudi Arabian King Salman held a telephone conversation with the Chinese leader Xi Jinping on Thursday on the back of strengthening relations between the countries.

Thu, 16 Nov 2017 13:29:42 GMT

Russia, Iran, Turkey to hold summit on Syria next week

According to the Turkish broadcaster NTV, Iran, Russia and Turkey are set to hold a summit on November 22 in Russia's resort of Sochi to discuss Syria's developments.

Thu, 16 Nov 2017 13:05:29 GMT

Wal-Mart Q3 comparable sales top forecasts

On Thursday, Wal-Mart reported its comparable sales surged 2.7% in the Q3, driven by a higher number of shoppers and online purchases, beating analysts' estimates for a 1.7% rise.

Thu, 16 Nov 2017 12:01:44 GMT

T-Mobile to launch 5G network in US by 2020

The US mobile operator giant T-Mobile is planning to launch its 5G network in the United States by 2020, the company's CTO Neville Ray stated on Thursday.

Thu, 16 Nov 2017 12:01:05 GMT

Merkel sees German coalition talks to reach deal

Germany's Chancellor Angela Merkel stated that she believed the difficult coalition talks between the country's parties could come to an agreement to cooperate in a new government.

Thu, 16 Nov 2017 11:01:21 GMT

Subaru recalls vehicles, suffers losses from improper quality control

Subaru Corporation is to recall around 395 000 cars in Japan, as well as be subject to costs of $177M related to inadequate inspection procedures at local plants.

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