News

Note: This section contains information in English only.
Tue, 10 Apr 2018 05:05:30 GMT

Stocks rally, Yen falls after Xi promises reduced import tariffs

US stock futures and Asian equities recovered, while the safe-haven currency Yen fell early on Tuesday after China's Xi Jinping promised to reduce import tariffs on several products.

Tue, 10 Apr 2018 04:25:35 GMT

China's Xi promises lower import tariffs, more open economy

The Chinese President Xi Jinping said on Tuesday that China would reduce import tariffs on specific product groups, as well as continue opening its economy to foreigners.

Tue, 10 Apr 2018 04:17:47 GMT

Nokia to help building OTN for China Mobile

The Finnish telecommunications company Nokia will help China Mobile to offer 5G mobile services by supporting the construction of an optical transport network.

Tue, 10 Apr 2018 03:29:22 GMT

Verifone to be brought under private control for $2.6B

Payments technology business Verifone Systems agreed to be brought under private control by investors led by Francisco Partners for $2.5B in cash.

Tue, 10 Apr 2018 03:28:22 GMT

China, Japan to hold high-level negotiations on April 16

Officials from China and Japan are expected to hold high-level economic negotiations for the first time since 2018 due to rising concern on an escalating trade dispute between the US and China.

Tue, 10 Apr 2018 01:55:48 GMT

Australia business mood deteriorates in March

Data released on Tuesday showed that National Australia Bank's gauge of business sentiment dropped to 7 last month from February's 9.

Tue, 10 Apr 2018 01:54:00 GMT

New Zealand business sentiment remains negative in Q1 2018

The NZIER reported on Tuesday that its Business Confidence Index came in at -11 in the March quarter, following the preceding quarter's reading of -12.

Mon, 09 Apr 2018 19:56:38 GMT

Reuters: CFPB wants record fine against Wells Fargo

The US Consumer Financial Protection Bureau was seeking a multimillion-dollar fine against Wells Fargo & Co for mortgage and insurance abuses, Reuters reported on Monday.

Mon, 09 Apr 2018 19:56:16 GMT

WSJ: Bayer wins watchdog's approval for $62.5B acquisition bid

According to the Wall Street Journal, the US Department of Justice had granted an approval for Bayer AG's bid to acquire the US seeds company Monsanto Co for $62.5B.

Mon, 09 Apr 2018 19:00:42 GMT

Zuckerberg says Facebook needed more action to prevent data misuse

The CEO of Facebook Inc Mark Zuckerberg told Congress this Monday that the company was required to do more to enhance data safety and prevent the misuse of information.

Mon, 09 Apr 2018 18:59:04 GMT

OCC to review charter for fintech companies in next three months

According to the US Comptroller of the Currency Joseph Otting, the OCC would publish its stance towards a newly proposed charter for fintech companies within the next three months.

Mon, 09 Apr 2018 18:26:45 GMT

Constancio: ECB to be cautious not to jeopardize inflation rebound

Vitor Constancio, the outgoing Vice President of the ECB, stated that the Central Bank should avoid quick tightening of the ultra-loose monetary policy to avoid disrupting a rebound in the EZ inflation.

Mon, 09 Apr 2018 17:34:11 GMT

UBS halts access to data for external providers

UBS suspended feeds of research data to third-party platforms, including Bloomberg, which were unable to ensure that the data is available only to the clients of the Bank.

Mon, 09 Apr 2018 17:17:05 GMT

No NAFTA deal anytime soon, 80% chance for beginning of May

The Economy Minister of Mexico stated that he viewed an 80% possibility for a new NAFTA agreement in early May, adding that current conditions were inappropriate to reach the deal this week.

Mon, 09 Apr 2018 17:16:39 GMT

NY Fed: US inflation forecasts remain flat

The New York Fed survey showed that inflation expectations for the US were still relatively flat in the month of March, keeping the gains of the latest periods.

Mon, 09 Apr 2018 16:30:27 GMT

Saudi Aramco sings agreements with France's companies worth $10B

Saudi Aramco is set to sign eight agreements with France's companies with the total worth of $10B, the CEO of the national oil major told the local media.

Mon, 09 Apr 2018 16:29:34 GMT

Rakuten receives approval for mobile services

Rakuten stated that it got an approval by the government for wireless operations, as Japan's e-commerce firm expands its operations into the market.

Mon, 09 Apr 2018 15:32:10 GMT

Samsung C&T considers raising $2.8B to buy shares of biopharma affiliate

Samsung C&T, de facto holding firm of Samsung Group, was mulling raising of nearly $2.8B to buy a stake of 30% in Samsung Bioepis.

Mon, 09 Apr 2018 15:31:04 GMT

Uber decides to purchase JUMP bikes

Ride-hailing business Uber announced that it agreed to buy JUMP Bikes, the electric cycle-sharing service, in a bid to provide an alternative to cars.

Mon, 09 Apr 2018 15:03:43 GMT

Deutsche Bank new CEO challenges are revealed

The new CEO of Deutsche Bank Christian Sewing has been revealed to be battling with coming up a new strategy for the bank, which has experienced three years of losses.

Mon, 09 Apr 2018 13:13:28 GMT

SandRidge is set to evaluate buyout offers

SandRidge Energy Corporation is preparing to evaluate various buyout offers. Among the offers is one from the top shareholder Carl Icahn.

Mon, 09 Apr 2018 13:00:49 GMT

Oil prices rise on Monday

On Monday oil prices continued to rise, as they were recovering from the Friday's decline. Some media accredited the recent moves to a US-China trade war scare.

Mon, 09 Apr 2018 13:00:40 GMT

Buhari wants to run in elections

The President of Nigeria Muhammadu Buhari has announced that he will run for re-election in the 2019 election.

Mon, 09 Apr 2018 11:50:31 GMT

Kuroda comments on monetary policy

The Governor of the Bank of Japan on Monday announced that the central bank will eventually have to normalize its ultra-easy monetary policy.

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