News

Note: This section contains information in English only.
Tue, 03 Apr 2018 04:17:39 GMT

GM to stop reporting monthly sales in US, China and Brazil

General Motors Co announced on Tuesday that it would stop reporting monthly vehicle sales in the United States, China and Brazil, as they did not precisely reflect the market.

Tue, 03 Apr 2018 03:26:54 GMT

Walmart considers takeover of pharmacy start-up

Walmart was in early negotiations about a takeover deal for PillPack, an online start-up, which could support expansion of the giant's pharmacy offerings, according to sources familiar with the matter.

Tue, 03 Apr 2018 03:26:19 GMT

China's Xi Jinping to attend Boao forum

The Chinese Foreign Minister and State Councillor Wang Yi stated that the country's President Xi Jinping is set to attend Boao forum, which will be held next week, and deliver a speech.

Tue, 03 Apr 2018 01:59:29 GMT

Australian job ads remain flat in March

ANZ reported that the number of advertised jobs was flat last month, after dropping 0.4% in February.

Tue, 03 Apr 2018 01:54:37 GMT

AIG PMI for manufacturing sector hits 63.1

The AIG reported that its PMI for the Australian manufacturing sector rose to 63.1 in March from the prior month's 57.5.

Mon, 02 Apr 2018 19:52:10 GMT

Alibaba, SoftBank to invest $445M in Paytm E-Commerce

SoftBank Group and Alibaba are to jointly invest $445M in the Indian online retailer Paytm E-Commerce Pvt. Ltd., thus increasing its value to $1.9B.

Mon, 02 Apr 2018 19:51:41 GMT

Amber Baldet to resign as CEO of JPMorgan's blockchain unit

Amber Baldet, the CEO of JPMorgan's Blockchain Centre of Excellence, is to leave her position at the bank, the company announced on Monday.

Mon, 02 Apr 2018 19:10:00 GMT

US banking regulators ease real estate regulation

US banking regulators agreed on Monday to ease lending rules on commercial real estate and increase the threshold necessary for an independent property appraisal.

Mon, 02 Apr 2018 19:08:05 GMT

Bloomberg: Apple to produce its own chips by 2020

Apple Inc plans to start producing its own chips for Mac computers by 2020, thus replacing the ones currently manufactured by Intel, as reported by Bloomberg.

Mon, 02 Apr 2018 17:54:56 GMT

GE Healthcare to sell IT business for $1.05B

GE Healthcare is planning to sell its IT business to a private equity company Veritas Capital for an all-cash payment of $1.05B during the third quarter of 2018.

Mon, 02 Apr 2018 17:54:33 GMT

Tesla shares rebound after production report

Shares of Tesla Inc eased later on Monday, following a report that the company was producing 2,000 Model 3 sedans a week which is a considerable increase from 793 units last year.

Mon, 02 Apr 2018 17:03:52 GMT

Poll: Russia likely to increase FX purchases in April

Russia is expected to increase its foreign currency purchases in April in response to higher oil prices, a recent poll by Reuters showed on Monday.

Mon, 02 Apr 2018 17:03:04 GMT

Atlanta Fed raises GDP growth forecast for 1Q2018

The US economy is expected to grow at an annualised rate of 2.8% in 1Q2018, compared to the previous estimate of 2.4%, the Federal Reserve of Atlanta reported on Monday.

Mon, 02 Apr 2018 15:54:20 GMT

US construction spending disappoints in February

The US construction spending rose by 0.1% in February, compared to the estimated increase of 0.4%, caused primarily by a rapid decline in public infrastructure projects.

Mon, 02 Apr 2018 15:52:44 GMT

US technology stocks weaken on Monday

US technology stocks opened the session lower on Monday, with the worst performers being Tesla and Amazon.com.

Mon, 02 Apr 2018 15:04:38 GMT

Amazon shares plunge 4% after Trump's critic

Shares of the online retailer Amazon.com Inc fell 4% on Monday in the wake of the US President Donald Trump's newest criticism of its delivery pricing.

Mon, 02 Apr 2018 15:01:54 GMT

US Dollar falls amid US, China trade dispute

The US Dollar weakened against major currencies for the second consecutive session on Monday in response to the escalating trade dispute between the United States and China.

Mon, 02 Apr 2018 12:56:16 GMT

Israel to send 16K African refugees to Western countries

Israeli media sources reported on Monday that the UN and Israel reached a deal under which around 16K of African refugees and migrants in Israel would be sent to Western countries.

Mon, 02 Apr 2018 12:55:27 GMT

ICICI Bank's drop as RBI launches investigation into its practices

Stocks of ICICI Bank, India's third-biggest lender, plunged 7% to five-month lows on Monday after the Reserve Bank of India announced it had launched an investigation into the company's lending practices.

Mon, 02 Apr 2018 12:14:36 GMT

Air France expects to operate 75% of flights amid strike

Air France reported that it expected to operate around 75% of its flights on Tuesday due to the planned railway strike.

Mon, 02 Apr 2018 12:07:29 GMT

Moscow says extradition of Russian hacker to US is politically-motivated step

Russia's Foreign Ministry described the extradition of Yevgeny Nikulin, a Russian hacker accused of hacking US social networks, to the US as a "deliberate and politically-motivated step".

Mon, 02 Apr 2018 10:53:39 GMT

PrivatBank files lawsuit against PwC's subsidiaries for audit breaches

The largest Ukrainian commercial bank PrivatBank has filed a $3B lawsuit against two subsidiaries of the accounting company PwC for alleged audit breaches in 2013-2015.

Mon, 02 Apr 2018 10:53:30 GMT

Walmart opens first small-sized high-tech supermarket in China

The US-based retail corporation Walmart Inc has launched its first small high-tech supermarket in China that also includes products available online on JD.com.

Mon, 02 Apr 2018 09:57:03 GMT

ICRA: more Indian companies likely to default due to higher interest costs

The number of Indian companies defaulting on their credit could increase in the fiscal year which started in April due to higher interest costs, ICRA reported on Monday.

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