News

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Wed, 12 Sep 2018 02:39:30 GMT

Asian stocks hit 14-month lows

On Wednesday, the stock markets of the largest stock exchanges in Asia hit 14 month lowest because of the verbal threats between China and the US regarding trade conflict.

Wed, 12 Sep 2018 02:36:12 GMT

Russia: oil market drops due to geopolitics

On Wednesday, Russia's Minister of Energy Alexander Novak claimed that the current "fragile" condition of the oil market is the result of geopolitics and demand drop in some countries.

Tue, 11 Sep 2018 20:14:26 GMT

Namibia considers special economic zone

Namibia has plans to create a special economic zone in Walvis Bay, the Minister of Industry, Trade and SME Development Tjekero Tweya says.

Tue, 11 Sep 2018 20:13:09 GMT

Syrian forces fight IS near Iraq

The Syrian forces and allied fighters entered into combat against remnants of the Islamic State fighters in the desert region near the Iraqi border, a monitor group reports.

Tue, 11 Sep 2018 18:53:06 GMT

South Sudan to return Sudan $1.2B

South Sudan plans to repay $1.2B of debt to neighbouring Sudan as oil output increases, the country's petroleum minister Ezekiel Lol Gatkuoth says.

Tue, 11 Sep 2018 18:52:16 GMT

S. Africa business confidence declines

The business confidence in South Africa declined in the third quarter of 2018 to 38 from 45 in the first quarter, the Rand Merchant bank reports.

Tue, 11 Sep 2018 18:31:54 GMT

Saudi Arabia plans to sign space cooperation deal with Russia

The Saudi cabinet approved a deal with Russia for cooperation in the field of space exploration, Saudi Press Agency reports.

Tue, 11 Sep 2018 18:31:06 GMT

China, Russia agree to strengthen cooperation

The Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, agreed to strengthen cooperation on the sidelines of the fourth Eastern Economic Forum held in Vladivostok.

Tue, 11 Sep 2018 17:39:32 GMT

Cambodian PM wants more foreign tourists, investors

More foreign tourists and investors should visit Cambodia, the Cambodian Prime Minister Samdech Techo Hun Sen says.

Tue, 11 Sep 2018 17:38:53 GMT

China wants to build open world economy

China wants to build an open world economy and East Asia economic community, the Chinese State Councilor and Foreign Minister Wang Yi says.

Tue, 11 Sep 2018 16:34:10 GMT

Google to purchase renewable energy from Finnish wind farms

Google announced it had clinched a ten-year deal to purchase the renewable energy from Finland's new wind farms that would also power the company's data centre.

Tue, 11 Sep 2018 16:20:58 GMT

Ericsson signs $3.5B deal to back T-Mobile US' 5G deployment

On Tuesday, Ericsson, the mobile telecom gear producer, stated it had inked a $3.5B worth deal to provide support to T-Mobile US' 5G network deployment.

Tue, 11 Sep 2018 15:17:00 GMT

Boeing reports 48 deliveries of 737 jets in August

Boeing reported on Tuesday it had delivered 48 of the company's best-selling 737 aircraft in August, two planes less than the previous year and 19 jets more compared with July.

Tue, 11 Sep 2018 15:10:46 GMT

Commerzbank, Deutsche Bank open to merger

On Tuesday, Der Spiegel magazine reported the executives of Commerzbank and Deutsche Bank are increasingly open to a potential merger of the two German largest banks.

Tue, 11 Sep 2018 14:09:56 GMT

Hungary's Orban opposes EU Parliament over rights, corruption

On Tuesday, the Hungarian PM Viktor Orban has rejected the EU Parliament's efforts to implement sanctions on Budapest over corruption accusations, authoritarianism and rights abuses.

Tue, 11 Sep 2018 14:01:33 GMT

China's Haidilao seeks raising $1.0B in HK IPO

China's hotpot company Haidilao International Holding is planning to attract up to $963M in its initial public offering in Hong Kong, seeking to fund the international expansion into the Canada and US markets.

Tue, 11 Sep 2018 13:39:11 GMT

Amer Sports gets $5.3B takeover approach from China's Anta

Finland's Amer Sports has received a $5.3B worth takeover bid interest from the Chinese company Anta Sports and Asia's private equity group FountainVest Partners.

Tue, 11 Sep 2018 13:36:10 GMT

ArcelorMittal shares drop as it raises bid for Essar Steel

ArcelorMittal shares plunged more than 2% on Tuesday, following the steel giant's announcement it had lifted its bid for the Indian company Essar Steel.

Tue, 11 Sep 2018 12:36:42 GMT

Japan's Universal plans listing of Philippine casino

Japan's Universal Entertainment is planning to list the Philippine casino operator in Manila due to uncertain political environment in the business sector.

Tue, 11 Sep 2018 12:33:33 GMT

Germany's department store chains Karstadt and Kaufhof to merge

Signa Holding and Hudson's Bay Company agreed to merge the two German largest department store chains Karstadt anf Galeria Kaufhof, in a move to respond to tough competition from the e-commerce players.

Tue, 11 Sep 2018 10:56:56 GMT

Aryzta clinches deal with five banks for raising nearly €800M

Aryzta, one of the biggest bakeries in the world, has clinched an underwriting agreement with five banks, as it seeks to raise €800M in new capital to boost the balance sheet.

Tue, 11 Sep 2018 10:56:44 GMT

Alibaba gives up control of Russian unit to form new JV

Alibaba Group, the Chinese largest e-commerce company, ceded its control of the Russia business unit to establish a new joint venture with two tech firms and a state fund.

Tue, 11 Sep 2018 10:02:57 GMT

UK's average earnings index beats forecast

The UK Average Earnings Index was released at 2.6% on Tuesday. It was forecast by analysts surveyed by Bloomberg to be at 2.4%.

Tue, 11 Sep 2018 10:02:21 GMT

China asks WTO for permission to set sanctions

The Chinese People's Republic on Tuesday revealed that it plans to ask the World Trade Organization for permission to set trade sanctions on the United States.

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