News

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Tue, 15 Jan 2019 09:23:59 GMT

Etihad to lift stake in debt-laden Jet Airways

Etihad Airways is planning to raise its stake in the cash-strapped Jet Airways, further sending up the Indian airline's shares, after they surged on the news about its founder and CEO Naresh Goyal resignation.

Tue, 15 Jan 2019 07:59:41 GMT

Gannett get hostile offer from MNG Enterprises

On Monday, the hedge fund-backed Newspaper chain MNG Enterprises has approached Gannett Co with a hostile acquisition worth $1.36B, seeking to add USA Today and other newspapers to the firm's regional publications stable.

Tue, 15 Jan 2019 07:52:38 GMT

Liberty Latin America plans taking over Millicom

The Caribbean and South American cable and wireless operator, Liberty Latin America, is bidding for Millicom International Cellular in a potential deal that could establish one of the biggest telecommunications carriers in Latin America.

Tue, 15 Jan 2019 07:37:35 GMT

Japan's SoftBank plans $700M investment in Katerra

Japan's SoftBank Corp is planning to lead another $700M worth funding round in the US construction start-up Katerra that could value the Californian firm at over $4.0B, the Information announced on Monday.

Tue, 15 Jan 2019 07:33:35 GMT

Global car leaders call on Washington to halt trade turmoil

On Monday, the global car executives have held a meeting in Detroit, urging the US Congress and Trump's Administration to resolve their trade disputes and halt the government's shutdown.

Tue, 15 Jan 2019 05:41:17 GMT

Alaskan officials probe British Oil

US officials of the state of Alaska are investigating the natural gas and oil wells of British Petroleum after a minor amount of oil was leaked by one of the wells.

Tue, 15 Jan 2019 05:40:17 GMT

China increases recycling efforts

On Tuesday, as the Chinese ban of foreign trash imports was increased, the country's officials announced that 100 new recycling facilities will be opened.

Tue, 15 Jan 2019 05:34:40 GMT

US government shutdown continues

The US government shutdown entered its 24th day on Tuesday, as Donald Trump rejected the offer for a temporary reopening of the closed government agencies.

Tue, 15 Jan 2019 05:34:07 GMT

Bank of China offers loan to Sri Lanka

On Tuesday, it was revealed by Reuters that the Bank of China has offered to Sri Lanka a loan of almost $300 million. Moreover, the country has been offered the option to raise up to one billion USD.

Tue, 15 Jan 2019 04:29:13 GMT

Egypt eyes 9% inflation by 2020 end

The Central Bank of Egypt stated that it targeted an inflation rate of 9% percent by the fourth quarter of 2020, seeking more price stability in the midterm.

Tue, 15 Jan 2019 04:29:06 GMT

China's FinMin to increase fiscal expenditure in 2019

The Chinese Finance Ministry stated that it is likely to increase fiscal expenditure in 2019 and implement fee cuts, larger tax.

Tue, 15 Jan 2019 03:08:52 GMT

Britain's car insurance premiums drop 6% in 2018

The cost of comprehensive vehicle insurance policy declined 6% in the UK in 2018, suggesting that potential trade barriers due to Brexit would hurt prices this year.

Tue, 15 Jan 2019 03:03:54 GMT

Mexican economy to be hit by fuel crunch this month

Mexico's economy is expected to contract in January amid activity slowdown caused by shortages of fuel, the Central Bank's nominee stated.

Mon, 14 Jan 2019 20:43:09 GMT

Vietnam footwear exports rise 11% in 2018

Exports of Vietnam made footwear increased to $16.3B in 2018, an increase of 11% compared to the previous year, the Vietnam Leather, Footwear and Handbag Association reports.

Mon, 14 Jan 2019 20:41:43 GMT

China remains largest supplier of Philippines imports

China's share of total Philippines' imports reached 18.7% or $15.04B in November 2018, the Philippine Statistics Authority reports.

Mon, 14 Jan 2019 20:39:39 GMT

China welcomes investment in auto industry

China welcomes foreign investment in its automobile market as consumers look for quality-oriented purchases, the Spokesperson of the Ministry of Commerce says.

Mon, 14 Jan 2019 20:39:10 GMT

Russia oil, gas output at record highs in 2018

Russia produced 556M tons of crude oil and 725B cubic meters of natural gas in 2018, the Energy Minister Alexander Novak reports.

Mon, 14 Jan 2019 19:03:03 GMT

Cambodia ports profits surge in 2018

Cambodia's state-owned ports Sihanoukville Autonomous Port and Phnom Penh Autonomous Port earned $8.97M and $7.35M respectively in 2018, a significant increase in earnings compared to 2017.

Mon, 14 Jan 2019 19:02:30 GMT

Brunei CPI rises 0.2% in November

Brunei's Consumer Price Index increased by 0.2% compared to the same period the prior year, the Department of Economic Planning and Development reports.

Mon, 14 Jan 2019 18:30:26 GMT

Cambodia rice export drops in 2018

Cambodia exported 626,225 tons of rice in 2018, a decline of 1.5% compared to the previous year, the Secretariat of One Window Service for Rice Export reports.

Mon, 14 Jan 2019 18:29:43 GMT

Inflation in Russia rises to 4.3% in 2018

Inflation in Russia increased to 4.3% in 2018 from a record low of 2.5% in 2017, the National Statistical Office Rosstat says.

Mon, 14 Jan 2019 17:07:29 GMT

Volkswagen to invest $800M, build new Ev in US

Volkswagen announced plans to invest $800M to build a new EV at the company's plant in Chattanooga, as the company shifted toward zero emission cars.

Mon, 14 Jan 2019 17:07:21 GMT

EZ industry output falls in November

The EZ industrial output fell 1.7% month-over-month in November, the biggest fall in almost three years, data revealed on Monday, stoking concerns over the bloc's economic growth in the Q4 of 2018.

Mon, 14 Jan 2019 16:17:21 GMT

Singaporean container throughput increases 8.7% last year

Singapore's container throughput rose 8.7% percent to 36.6M TEUs in 2018, the press release from the MPA of Singapore showed.

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