News

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Thu, 14 Sep 2017 08:27:52 GMT

JPMorgan unlikely to take control over Ubisoft

JPMorgan Chase has no plans to get the video games maker Ubisoft under control, despite a disclosure that the US bank indirectly held about 11% of Ubisoft's shares.

Thu, 14 Sep 2017 07:34:16 GMT

JPMorgan Chase to invest $40M within three years in Chicago

JPMorgan Chase & Co is willing to extend its urban renewal programme to Chicago and invest $40M over three years to revitalise finance small business growth and promote training on job skills.

Thu, 14 Sep 2017 07:22:40 GMT

North Korea vows to sink Japan, burn US to ashes

On Thursday, North Korea threatened to use its nuclear weapons to reduce the US to "ashes and darkness" and "sink" Japan for supporting the UN Security Council sanctions against its nuclear tests.

Thu, 14 Sep 2017 06:33:31 GMT

DoJ contacts Swiss Life over US clients

Switzerland's largest life insurer Swiss Life stated on Wednesday it had been contacted by the American Department of Justice to discuss its cross-border business with US clients.

Thu, 14 Sep 2017 06:25:49 GMT

Google to introduce digital payment service in India

According to the technology website TechCrunch, Google will launch a localised mobile payment service for its Indian customers next week.

Thu, 14 Sep 2017 04:24:16 GMT

Trump blocks China-backed company from buying US chipmaker Lattice

Donald Trump barred an equity firm backed in China from buying a US-based chipmaker Lattice, indicating that Washington will oppose deals involving technologies with possible military use.

Thu, 14 Sep 2017 04:23:38 GMT

VW and its Chain JVs to recall 4.86M vehicles due to Takata air bags' issues

Volkswagen and its China's joint ventures SAIC Volkswagen and FAW-Volkswagen will recall 4.86M cars amid issues caused by air bags provided by bankrupt vehicle parts maker Takata.

Thu, 14 Sep 2017 04:00:45 GMT

Kia Motors recruits former BMW designer as head of style

Kia Motors announced that it has hired new styling head Pierre Leclercq, an ex-BMW designer, aiming to help the company to ensure better future in the China's auto market.

Thu, 14 Sep 2017 03:56:54 GMT

China says foreign investments review not tool for protectionism

Chinese Commerce Ministry stated on Thursday that foreign investments review in sensitive sectors should not be a tool used for protectionism.

Thu, 14 Sep 2017 02:57:58 GMT

British Foreign Secretary to meet US Tillerson in London

The UK Foreign Secretary Boris Johnson is expected to meet with Rex Tillerson, the US Secretary of State, in London to discuss issues including North Korea, Hurricane Irma and Libya.

Thu, 14 Sep 2017 02:57:49 GMT

BoE to balance inflation and Brexit while seeking right stance on rates policy

The Bank of England is expected to leave interest rates unchanged at 0.25%, albeit policymakers will need to evaluate the need to help the UK Brexit-hurt economy against tackling inflation growth.

Thu, 14 Sep 2017 02:10:14 GMT

Amazon to open large warehouse in Mexico to spur growth

Amazon announced that the company was preparing for opening a 1M square-foot large warehouse in Mexico, aiming to enhance its presence in the Mexican e-commerce industry.

Thu, 14 Sep 2017 02:09:19 GMT

UK May to make Brexit speech in Italy by September end

Britain's PM Theresa May is expected to deliver a speech on the UK future relationships with the European Union on September 22 in Italy, stressing a desire a deep cooperation with EU after Brexit.

Wed, 13 Sep 2017 20:16:52 GMT

Boeing to boost production of 787 Dreamliner

The Boeing CEO Dennis Muilenberg reported on Wednesday that the company would raise production of its 787 Dreamliner passenger jets to 14 per month in 2019.

Wed, 13 Sep 2017 20:04:33 GMT

Wealthy Americans to pay higher taxes under Trump's tax reform

On Wednesday, the US President Donald Trump said that his proposed tax reform might force wealthy people to pay higher taxes.

Wed, 13 Sep 2017 19:53:54 GMT

Target to hire 100,000 seasonal workers

Target reported on Wednesday that it would hire about 100,000 workers for the upcoming holiday season, compared to the previous year's 70,000.

Wed, 13 Sep 2017 19:31:44 GMT

Navistar sees higher truck sales volume next year

Navistar, a US trucking trade group and truck maker, said on Wednesday that truck orders should increase significantly in 2018 in comparison to 2017.

Wed, 13 Sep 2017 19:25:22 GMT

Brazilian Finance Minister to skip presidential election

On Wednesday, Brazil's Finance Minister Henrique Meirelles reported that he would not participate in the upcoming presidential race.

Wed, 13 Sep 2017 19:19:32 GMT

US federal budget balance worsens but less than expected

The US Treasury Department reported that the federal budget deficit widened to $107.7B last month, up from July's deficit of $42.9B, while analysts anticipated an increase to a $118.6B gap.

Wed, 13 Sep 2017 16:53:05 GMT

Brazilian police arrest JBS chief Batista

On Wednesday, the Brazilian police arrested the JBS Chief Executive Officer Wesley Batista on suspicion of insider trading.

Wed, 13 Sep 2017 16:52:47 GMT

Facebook tightens advertising rules

In a response to criticism that it is easy for fake news providers to get money from placing ads on Facebook, the company decided to tighten its advertising rules.

Wed, 13 Sep 2017 15:57:53 GMT

Trump administration sued over alleged unlawful searches at borders

On Wednesday, a number of American citizens filed a lawsuit accusing the Trump administration of conducting unlawful phone and laptop searches at the US borders.

Wed, 13 Sep 2017 15:57:26 GMT

US crude oil inventories rise 5.9M last week

US commercial crude oil stockpiles increased by 5.9M barrels in the week ended September 10, data released by the EIA showed.

Wed, 13 Sep 2017 15:08:10 GMT

US PPI surges 0.2% in August

According to the data published by the US Bureau of Labour statistics, the country's PPI for final demand soared 0.2% over the course of August, missing analysts' expectations for a 0.3% rise.

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