News

Note: This section contains information in English only.
Wed, 11 Apr 2018 20:31:57 GMT

US government reports $209B deficit in March

The US government posted a budget deficit of $209B in March, as outlays rose, while receipts dropped, the country's Treasury Department stated.

Wed, 11 Apr 2018 19:31:42 GMT

Rosneft focuses on diminishing debt in talks with investors

Rosneft was attempting to persuade investors that the company is able to shrink the debt burden, aiming to shut the valuation difference with some rivals.

Wed, 11 Apr 2018 19:30:49 GMT

WeWork acquires Naked Hub for $400M

WeWork bought China's co-working start-up Naked Hub for $400M within the company's intention to expand the business in the one of the world's biggest country.

Wed, 11 Apr 2018 18:27:48 GMT

VW to provide workers management seat to unlock reforms

Volkswagen is set to provide workers a seat in the management board, trying to ensure agreement for the company's reform under its new chief executive.

Wed, 11 Apr 2018 18:27:23 GMT

Aramco seeks India deals to double refining production

Saudi Arabia's oil company Aramco was seeking to increase the number of crude refining partners in India, the fastest-expanding oil market, in a bid to double gasoline and other fuels' output.

Wed, 11 Apr 2018 17:33:04 GMT

Uber still believes in autonomous vehicles' future

Dara Khosrowshahi, the CEO of Uber, stated that the ride-hailing firm still believed in the future of autonomous vehicles, after the company's car was engaged in a crash last month.

Wed, 11 Apr 2018 17:30:21 GMT

Draghi sees little effects of trade tariffs

The ECB President Mario Draghi stated that he expects the effect on the EZ economy of trade tariffs by China and the US to be small, but added that it could hurt investors' confidence.

Wed, 11 Apr 2018 16:36:39 GMT

Putin to meet South Korea's leader in June

Vladimir Putin, the President of Russia, announced plans to hold negotiations with South Korea's President Moon Jae-in in June in Russia.

Wed, 11 Apr 2018 16:36:14 GMT

Bayer plans selling digital farming business to win Monsanto deal

German company Bayer planned to sell digital farming firm to BASF within the changes to concessions the company has offered to win over antitrust regulators for Monsanto takeover.

Wed, 11 Apr 2018 15:32:11 GMT

Britain's factory production weakens for first time in year

The UK manufacturing production dropped unexpectedly in February, the first monthly drop in almost one-year period, suggesting some slowdown in the economy in the Q1.

Wed, 11 Apr 2018 15:31:47 GMT

US consumer prices reveal first fall in ten months

The US consumer price inflation posted the first decline in the ten-month period id March, affected by falling gasoline prices.

Wed, 11 Apr 2018 14:34:28 GMT

LG Chem, Zhejiang Huayou Cobalt tie-up to build JVs

The South Korean company LG Chem agreed to establish two joint ventures together with China's Zhejiang Huayou Cobalt to secure battery materials, including cobalt, seeking to meet surging demand for e-vehicles.

Wed, 11 Apr 2018 14:26:58 GMT

China's investor group buys stake in Australian firm Nature's Care

China's investor consortium, which includes Tamar Alliance and JIC, is buying a majority stake in Australia's vitamin firm Nature's Care, valuing the company at about $619.92M.

Wed, 11 Apr 2018 13:34:22 GMT

India's Tata Group unlikely to consider bid for Air India

According to the sources familiar with the issue, the Indian conglomerate Tata Group is unlikely to bid for Air India due to the government terms, which are too onerous.

Wed, 11 Apr 2018 13:29:07 GMT

India to partner with Aramco on $44B refinery petrochemical project

On Wednesday, Saudi Aramco clinched a deal with the Indian refinery consortium to build a $44B petrochemical and refinery project on the west coast of India amid company's global expansion.

Wed, 11 Apr 2018 12:35:38 GMT

Manipal Hospitals lifts its offer to buy Fortis hospital unit

India's Manipal Hospitals has increased its bid to acquire the rival Fortis Healthcare's hospital business unit by around a fifth, as it tries to win over shareholders' minority that opposed to the acquisition deal.

Wed, 11 Apr 2018 12:27:57 GMT

Taiwan President appoints new Presidential Office Secretary General

On Wednesday, the Taiwanese President Tsai Ing-wen has named her key ally Chen Chu as a new Secretary General to head her Presidential office.

Wed, 11 Apr 2018 11:05:10 GMT

World Bank lowers 2018 growth forecast in Western Balkans

The World Bank has cut its 2018 economic growth outlook to 3.2% in the six Western Balkan states, from the previous forecast of 3.3%, warning about the necessity of structural reforms for the region's sustainable growth.

Wed, 11 Apr 2018 10:54:27 GMT

Germany's engineering production up 3.9% in 2017

Engineering production in Germany surged 3.9% to €223B in 2017 and is expected to grow by 3% or more this year, the VDMA President stated on Wednesday.

Wed, 11 Apr 2018 09:55:13 GMT

Shipping costs are expected to surge by a quarter

Global shipping fuel expenses are most likely going to rise by 25% by the year of 2020. This was announced by the consultant group Wood Mackenzie.

Wed, 11 Apr 2018 09:54:45 GMT

Mozambique announces general elections

The presidency of Mozambique on Wednesday announced that the country will hold parliamentary, presidential and provincial elections on October 15 of 2019.

Wed, 11 Apr 2018 09:18:22 GMT

China's car sales jump 4.7% y/y in March

China's March vehicle sales surged 4.7% year-on-year to 2.66M cars, following a steep drop in the prior month, an industry body reported on Wednesday.

Wed, 11 Apr 2018 08:54:29 GMT

US to pledge $18.5B to Puerto Rico to rebuild infrastructure

The US Department of Housing and Urban Development will provide Puerto Rico with $18.5B in an aid to reconstruct its shattered housing market and infrastructure after the Hurricane Maria.

Wed, 11 Apr 2018 08:33:39 GMT

VW unveils further board members' removals

The Volkswagen CEO Matthias Mueller's replacement has been planned during months with two other board members Karlheinz Blessing and Francisco Garcia Sanz to be ousted in the near future.

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