News

Note: This section contains information in English only.
Sat, 15 Dec 2018 08:09:43 GMT

Boeing opens 737 factory in China

On Saturday, Boeing opened its first completion factory in China for 737 model in an attempt to gain competitive advantage over Airbus.

Sat, 15 Dec 2018 08:05:47 GMT

Qatar wants to resolve Gulf crisis

The Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani stated on Saturday that the country wanted to resolve Gulf crisis and hoped that Kuwait and other Arab nations could help to do that.

Sat, 15 Dec 2018 07:21:21 GMT

China jails creator of financial pyramid

According to Chinese media, Zhang Tianming, creator of a ¥100B financial pyramid and organizer of street protests, has been sentenced by local court for 17 years.

Sat, 15 Dec 2018 07:13:14 GMT

China names preferable CNH/USD exchange rate

The Central Bank of China said on Saturday that the government should keep the exchange rate of 7 Yuan per Dollar, as further depreciation would be more painful for foreign reserves.

Sat, 15 Dec 2018 05:38:58 GMT

Automaker, farm groups push US officials to get more EU access

Teh US automaker, farm and food and beverage groups pushed the Trump administration to ensure that new trade negotiations with the EU lead to an increased access to EU markets.

Sat, 15 Dec 2018 05:36:08 GMT

China's home price growth weakens last month

China's new home prices grew at a slower pace in November, as markets in small cities lost some of heat, though the sector was still resilient due to a slowdown in the economic activity.

Sat, 15 Dec 2018 03:37:10 GMT

Tesla diminishes China's prices on tariff drop on US-made veicles

Tesla diminishes prices on Model X and Model S vehicles in China, after Beijing suspended tariffs on the US-made cars, according to the information on the company's Chinese website.

Sat, 15 Dec 2018 03:31:37 GMT

TPG, Intel in negotiations to sell McAfee

Private equity company Thoma Bravo was in early negotiations to buy security software firm McAfee from Intel and TPG Capital, a source familiar with the matter stated.

Fri, 14 Dec 2018 21:06:19 GMT

Juncker mocks Hungarian Prime Minister over fake news

The European Union leaders backed a plan to fight fake news online, as the EU Commission President Jean-Claude Juncker mocked Hungary's Prime Minister Viktor Orban as the origin of the fake news.

Fri, 14 Dec 2018 20:19:17 GMT

Canada and US agree not to politicise Huawei case

On Friday, the Canadian Foreign Minister Chrystia Freeland said that Canada and the United States have agreed to keep politics out of the process to extradite Huawei CEO Meng Wanzhou to the US.

Fri, 14 Dec 2018 20:14:58 GMT

Cohen says Trump directed hush money payment

On Friday, the US President Donald Trump former personal lawyer Michael Cohen said that Trump knew about the hush money payment to two women during the 2016 presidential campaign.

Fri, 14 Dec 2018 18:52:49 GMT

Brazil's Azul explores proposal to acquire Avianca Brasil

Brazil's carrier Azul is thinking over making a proposal to acquire the rival airline Avianca Brasil, according to the Valor Econômico newspaper's report published on Friday.

Fri, 14 Dec 2018 18:52:37 GMT

Imperial Metals picks BMO to accelerate reorganisation

Canada's copper maker Imperial Metals has selected Bank of Montreal as an adviser to accelerate its reorganisation process, which could also include the company's sale for up to $1.0B.

Fri, 14 Dec 2018 17:50:39 GMT

Lufthansa in preliminary talks with SATS, Do&Co on LSG deal

Lufthansa, the German flagship carrier, as entered the preliminary talks with Singapore's SATS and Austria's Do&Co over a potential merger of the airline's catering division LSG Group.

Fri, 14 Dec 2018 17:50:27 GMT

Apple to launch software update for iPhones in China amid ban

Apple is planning to launch a software update for its iPhones in China, as the case over the chipmaker Qualcomm's patents threatens with sales ban, the tech giant stated on Friday.

Fri, 14 Dec 2018 17:33:57 GMT

LINET Group likely to sell stake in 2019 first half

The EU nursing and hospital bed manufacturer LINET Group has entered negotiations with potential bidders about a potential stake sale that could take place in the next year's first half.

Fri, 14 Dec 2018 17:15:56 GMT

Spain's Bankia nears deal to sell $3.4B bad loans

The Spanish lender Bankia is getting closer to a sale of bad credits and repossessed property worth $3.4B to the US fund Lone Star, sources reported on Friday.

Fri, 14 Dec 2018 16:28:37 GMT

Norway delays decision on Arctic oil processing terminal

Norway's government has delayed its decision on the construction of the Arctic oil processing terminal until the next year's third quarter, it announced on Friday.

Fri, 14 Dec 2018 15:59:40 GMT

China to suspend extra tariffs on US cars amid trade truce

China is set to halt the additional tariffs set on the US-made cars for three months from the next year's January 1, as the trade dispute between China and the United Stated de-escalated.

Fri, 14 Dec 2018 15:25:19 GMT

Vingroup focuses on global markets by launching first smartphones

Vietnam's Vingroup is targeting the global tech markets by launching its first smartphones on Friday, planning to distribute them around the world.

Fri, 14 Dec 2018 15:18:46 GMT

GM launching US job cut notices amid plant shutdowns

On Friday, General Motors stated it started to send out formal notices to the US government agencies about the carmaker's plan to shut down car plants and trim thousands of job positions.

Fri, 14 Dec 2018 14:39:42 GMT

India rejects investigation petition of Dessault jet deal

On Friday, the Indian top court has rejected a petition seeking for an inquiry into the fighter jet deal valued at $8.7B with Dassault Aviation.

Fri, 14 Dec 2018 14:37:45 GMT

US core retails sales rise in November

The US consumer spending surged 0.9% in November from the upwardly revised 0.7% rise in October and driven by a higher demand for electronics, furniture and other goods.

Fri, 14 Dec 2018 13:38:11 GMT

Merck to acquire Antelliq Group in $2.37B deal

On Friday, Merck and Co announced it would acquire the privately-owned French firm Antelliq Group, the maker of digital identification products, in a cash-deal worth $2.37B.

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