News

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Wed, 04 Jul 2018 13:31:08 GMT

EU, Russia, China foreign ministers to meet Iran counterpart on Friday

Foreign Ministers from Germany, France, Britain, Russia and China are set to meet their Iranian counterpart this Friday in Austria's capital of Vienna to negotiate the 2015 nuclear agreement.

Wed, 04 Jul 2018 12:38:12 GMT

Chevron launches sale of some North Sea fields

Chevron has launched a sale process of the several gas and oil fields in the central region of the North Sea, a company's spokesman stated on Wednesday.

Wed, 04 Jul 2018 12:35:48 GMT

Japan's PM Abe to drop Iran trip amid US pressure on Tehran

Japan's Prime Minister Shinzo Abe had to cancel his trip to Iran scheduled for this summer, amid the US President Donald Trump's pressure on Tehran, Kyodo News reported on Wednesday.

Wed, 04 Jul 2018 10:54:39 GMT

UMC shares surge after winning patent case with Micron

Shares in Taiwan's second-biggest chip maker United Microelectrics Corp rose over 2% on Wednesday, following a report on its win of a trade infringement lawsuit with Micron Technology.

Wed, 04 Jul 2018 10:54:30 GMT

Chilean President to meet Alphabet, Amazon CEOs next week

On Tuesday, Chile's President Sebastian Pinera announced about his plans to meet the CEOs of Alphabet and Amazon.com next week, seeking to enlist the firms' support for helping the country make technological progress.

Wed, 04 Jul 2018 10:07:09 GMT

Germany prepares to return migrants

The interior ministry of Germany has announced that agreements are being prepared to return migrants to their first registration of asylum countries.

Wed, 04 Jul 2018 10:06:35 GMT

Trade wars continue to be blamed

As global stocks declined on Wednesday, various financial media sources continued to blame trade war worries for the decline.

Wed, 04 Jul 2018 09:34:20 GMT

General Motors's reports surge in China Q2 sales

The US carmaker General Motors reported a 0.7% surge in its China Q2 sales growth rate on Wednesday to 858,344 cars, compared to the last year's same period.

Wed, 04 Jul 2018 09:30:09 GMT

HNA Group's chairman Wang dies on July 3

On Wednesday, China's HNA Group stated its co-founder and co-chairman Wang Jian died on July 3 during the French business trip, following a serious injury he had got by a fall.

Wed, 04 Jul 2018 08:37:27 GMT

China temporarily bars Micron chip sales over patent case

China's court has banned Micron Technology from selling 26 of its chip products in the country amid a patent infringement probe with the Taiwanese firm United Microelectronics Corp, UMC stated.

Wed, 04 Jul 2018 08:35:31 GMT

Indonesia puts ban on China's Tik Tok app amid inappropriate content

On Wednesday, Indonesia has temporarily imposed a ban on Tik Tok, the Chinese video app, claiming it contained inappropriate content, pornography and blasphemy.

Wed, 04 Jul 2018 06:57:06 GMT

Brookstone weighing restructuring options, including bankruptcy

Brookstone, the gift and gadget chain is considering some restructuring options, including a US bankruptcy amid plunging sales due to a downturn at retailers across the US.

Wed, 04 Jul 2018 06:56:40 GMT

CSC ServiceWorks considering sale: sources

The US laundry machine vendor CSC ServiceWorks is considering a sale, which could bring the value of the private equity-owned firm in excess of $3.0B, including debt, sources reported.

Wed, 04 Jul 2018 05:33:37 GMT

PSA Group looks at selling pat of Opel's R&D arm

PSA Group is seeking a partial sale of its Opel affiliate's research and development unit, in the carmaker's efforts to restore profitability in the loss-making arm, Le Monde reported.

Wed, 04 Jul 2018 05:26:48 GMT

Varde considers options for its Spanish bank WiZink, including IPO

Varde Partners is weighing the options for WiZink, its Spanish online bank, including the IPO next year, three sources familiar with the issue reported.

Wed, 04 Jul 2018 04:39:33 GMT

BP, Conoco announce swap deal of Alaska, North Sea assets

On Tuesday, BP and ConocoPhillips agreed to swap their assets with the UK oil giant to raise its stake in North Sea development and the US peer to grow in Alaska.

Wed, 04 Jul 2018 03:31:15 GMT

British shop prices slide less sharply in June after May fall

Britain's shop prices declined less in June than in May, though shoppers could take some solace from that inflation of food prices did not accelerate, a survey revealed on Wednesday.

Wed, 04 Jul 2018 03:22:56 GMT

Uber in negotiations with Careem to merge in Mideast

Uber Technologies was in talks with its rival Careem to combine ride-hailing services in the Middle East, Bloomberg reported, citing sources familiar with the matter.

Wed, 04 Jul 2018 02:35:36 GMT

Pinera to meet CEOs of Alphabet, Amazon next week

Chile's President Sebastian Pinera stated that he intends to meet with the CEOs of Alphabet and Amazon.com next week to enlist their support for helping the country to make technological progress.

Wed, 04 Jul 2018 02:32:19 GMT

Samsung's Q2 profit flags as smartphone innovation runs out

Samsung Electronics is expected to report the smallest growth in profit in more than a year in the Q2r, as lacklustre premium Galaxy smartphones sales overshadow highly profitable chip business.

Tue, 03 Jul 2018 19:54:20 GMT

Major US trading partners object new car tariffs at WTO

On Tuesday, the major trading partners of the US including China, Japan and EU expressed their concern at the World Trade Organisation about US tariff measures against imported parts and cars.

Tue, 03 Jul 2018 19:50:21 GMT

Pompeo to visit Mexico to meet Mexican Lopez Obrador

On Tuesday, the newly elected President of Mexico Andres Manuel Lopez Obrador claimed that the US Secretary of State Mike Pompeo is planning to visit Mexico in the nearest time.

Tue, 03 Jul 2018 19:33:57 GMT

German Nahles: coalition makes progress in refugee talks

On Tuesday, the leader of German Social Democrats Andrea Nahles claimed that German governing coalition was making a significant progress in talks regarding establishing refugee migration centres.

Tue, 03 Jul 2018 19:29:45 GMT

Major US carmakers report strong June sales

On Tuesday, top US carmakers Ford Co, General Motors Co and Fiat Chrysler Automobiles NV reported about stronger sales of cars in the US in June, especially SUVs and trucks.

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