News

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Sat, 26 Jan 2019 07:01:15 GMT

United Steelworkers union says Shell is delaying contract talks

The United Steelworkers union said on Friday that Shell Oil is dragging feet on major issues in refinery contract negotiations.

Sat, 26 Jan 2019 06:54:16 GMT

US increases pressure on Venezuela's Maduro

On Friday, the United States said that it was ready to increase economic pressure on Venezuela to try to push the Venezuelan President Nicolas Maduro from power.

Sat, 26 Jan 2019 06:11:08 GMT

Malaysia cancels $20b China-backed railway project

On Saturday, Malaysia's Economic Minister Mohamed Azmin Ali said that the country would cancel its $20 billion railway project with China Communications Construction company.

Sat, 26 Jan 2019 06:08:57 GMT

US asks UN Security Council to support Venezuela's Guaido

The United States is asking the United Nations Security Council to fully support Venezuela's National Assembly as the only democratically elected institution in Venezuela.

Sat, 26 Jan 2019 05:27:30 GMT

Wall Street indexes surge after Trump agrees to end government shutdown

US stocks and bond yields rallied on Friday after the US President Donald Trump agreed to end the partial government shutdown.

Sat, 26 Jan 2019 05:25:28 GMT

Trump concedes to end partial shutdown without wall funding

The US President Donald Trump conceded on Friday under mounting pressure to temporarily end the partial government shutdown without border wall funding.

Fri, 25 Jan 2019 20:48:50 GMT

Starbucks reports better than expected revenue growth in Q1

The US top coffee chain operator Starbucks Corporation reported a better than expected net revenue growth of 9% to $6.63B for the first fiscal quarter.

Fri, 25 Jan 2019 20:46:52 GMT

Sri Lanka gets WB loan to improve health care

Sri Lanka has signed a $200M agreement with the World Bank to increase the use and quality of health care services, a statement from the World Bank shows.

Fri, 25 Jan 2019 20:39:09 GMT

Online retail sales in Zhejiang reach $246.08B

Online retail sales in the province of Zhejiang reached $246.08B in 2018, an increase of 25.4% from the previous year, the Zhejiang Commerce Department reports.

Fri, 25 Jan 2019 20:37:51 GMT

Chinese company buys majority stake in Peru port

The Chinese company COSCO Shipping Ports has reached an agreement with the Peruvian polymetallic miner Volcan to purchase 60% of its stake in a terminal project for $225M, the China Daily reports.

Fri, 25 Jan 2019 18:49:56 GMT

China welcomes new Secretary General at SCO

China welcomes Vladimir Norov as the new Secretary General of the Shanghai Cooperation Organization, the Chinese Foreign Ministry spokesperson Hua Chunying says.

Fri, 25 Jan 2019 18:48:45 GMT

Lebanon signs oil storage contract with Rosneft

Lebanon has signed a contract with the Russian energy company Rosneft to manage oil storage terminals for the next 20 years, the Energy Minister Cesar Abi Khalil says.

Fri, 25 Jan 2019 18:39:03 GMT

Hong Kong remains world's freest economy

Hong Kong remains the world's freest economy for the 25th consecutive year, shows the Index of Economic Freedom released by the Heritage Foundation.

Fri, 25 Jan 2019 18:37:59 GMT

Chinese FM: China-France ties "brilliant"

China-France bilateral ties are "brilliant", the Chinese State Councilor and Foreign Minister Wang Yi says at a meeting with the French Foreign Minister Jean-Yves Le Drian.

Fri, 25 Jan 2019 16:56:01 GMT

Zuckerberg seeks integration of its social media apps

Mark Zuckerberg, Facebook's Chief Executive Officer, is set to unify the messaging infrastructure of the company's Instagram, Facebook Messenger and WhatsApp services to incorporate the end-to-end encryption to its apps.

Fri, 25 Jan 2019 16:55:54 GMT

Naspers to take full control over Russia's Avito

Naspers, South Africa's e-commerce and media group, is getting closer to the deal to acquire the rest of 32% stake in Russia's Avito, the biggest classified advertising platform.

Fri, 25 Jan 2019 15:56:31 GMT

Russia's RDIF looks at Sistema units stakes

RDIF, Russia's sovereign wealth fund, is considering acquiring stakes in three businesses owned by Sistema conglomerate, according to RDIF's CEO statement on Friday.

Fri, 25 Jan 2019 15:48:37 GMT

Toyota Motor to raise China sales this year

On Friday, the Japanese carmaker Toyota Motor is planning to boost its Chinese car sales by 8% to 1.6M this year, after it sold 1.47M vehicles last year, which was up 14.3% from 2017.

Fri, 25 Jan 2019 15:35:24 GMT

Alibaba criticises US treatment of Huawei

Alibaba has criticised the treatment of Huawei Technologies provided by the United States, calling it "extremely unfair", adding it had considered such measures as "very politically motivated" move.

Fri, 25 Jan 2019 15:21:30 GMT

L'Oreal stocks up cosmetics in UK amid Brexit

The French conglomerate L'Oreal's CEO Jean-Paul Agon stated the group is hoarding cosmetics in Britain amid its preparations for the UK withdrawal from the EU bloc.

Fri, 25 Jan 2019 14:20:11 GMT

Deutsche Bank's board members have no plans for Commerzbank tie-up

One of the Deutsche Bank's board members stated the bank had no intention or desire to sign a merger deal with its competitor Commerzbank in near future.

Fri, 25 Jan 2019 14:14:32 GMT

Accenture, US bank trade group support Finxact

SunTrust Banks, Accenture and the US trade bank group ABA have agreed on Friday to jointly make a $30M investment into the fintech start-up Finxact to help it develop new technology and grow operations.

Fri, 25 Jan 2019 13:27:28 GMT

NATO, Russia fail to solve Russian missile impasse

Russia and NATO meeting on Friday failed to show any progress over impasse resolution regarding new Russia's missile, which the country's Western allies consider as a threat.

Fri, 25 Jan 2019 12:33:42 GMT

Mastercard beats Visa in takeover bid for Earthport

On Friday, Mastercard has made a $305M bid to acquire the British payments firm Earthport, scuttling its rival Visa's efforts to take over the company.

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