News

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Mon, 02 Apr 2018 09:56:44 GMT

PCC to investigate if Uber, Grab deal distorts competition

The Philippine Competition Commission is set to investigate the Grab-Uber acquisition in more detail to determine its impact on local competition within the transportation industry.

Mon, 02 Apr 2018 08:55:10 GMT

Saudi Arabia expected to reduce crude prices by 50-70 cents

The official selling price of Saudi Arabia's Light crude could decline by 50-70 cents to a six-month low in May due to weaker benchmark prices, a survey by Reuters showed on Monday.

Mon, 02 Apr 2018 08:55:00 GMT

Oil strengthens on lower output, possible sanctions

Oil prices edged higher on Monday in response to reduced drilling activity in the United States and the possibility of new sanctions against Iran.

Mon, 02 Apr 2018 07:56:27 GMT

Malaysia to monitor Grab for anti-competitive behaviour

On Monday, Malaysian authorities said that they will monitor ridesharing startup Grab for the possibility of the anti-competitive behavior after its competitor Uber Inc told that it will sell its Southeast Asian business to Grab. 

Mon, 02 Apr 2018 07:56:14 GMT

Bank of Japan appoints new director of international affairs

On Monday, The Bank of Japan claimed that it has appointed Shinichi Uchida, former head of BOJ's monetary policy affairs, as the new executive director of international affairs.

Mon, 02 Apr 2018 07:04:44 GMT

Alibaba to buy remaining shares in Ele.me

On Monday, Chinese ecommerce giant Alibaba Group Holding Ltd claimed that it will buy the remaining shares of Chinese food delivery startup Ele.me in addition to the current 43% of shares, valuing startup at $9.5B. 

Mon, 02 Apr 2018 07:04:30 GMT

Indonesia says ridesharing apps Grab and Go-Jek need to register as transport companies

On Monday, Transport Ministry of Indonesia stated that ridesharing startups Go-Jek and Grab need to register as transport companies in the nearest two months because of the safety requirements. 

Mon, 02 Apr 2018 06:17:15 GMT

GM Korea March sales dropped 19%

On Monday, South Korean division of General Motors said that its March sales has dropped by 18.9% in comparison with a previous year with a total sales of 41,260 vehicles instead of 50,850 a year earlier.

Mon, 02 Apr 2018 06:09:55 GMT

Trump's administration to unveil China tariff list this week

This week, the White House is going to unveil the list of Chinese imported goods targeted for additional import tariffs by the US, punishing Beijing's policy of technology transfer. 

Mon, 02 Apr 2018 05:17:51 GMT

China's factory growth at for-month low in March

Chinese manufacturing activity rose at the slowest pace in the four-month period amid faltering in export demand. prompting firms to shed their staff faster to diminish costs.

Mon, 02 Apr 2018 05:10:40 GMT

Japanese business mood worsens in March

Japan's business mood soured for the first time since 2016 in the three-month period to March, as labour costs and increasing raw materials weigh on steady economic recovery.

Mon, 02 Apr 2018 03:33:38 GMT

Japan manufacturing PMI cools modestly in March, economy still strong

Japan's manufacturing activity expanded at a weaker pace in March, data revision showed on Monday, as growth in output and new orders moderated, while the economy was still in solid shape.

Mon, 02 Apr 2018 03:30:44 GMT

China imposes extra tariffs in response to duties by US

China slapped additional tariffs of up to 25% no 128 US-made products, including wine, certain fruits and frozen pork, in response to the US duties on aluminium and steel imports.

Sun, 01 Apr 2018 20:03:51 GMT

South Korean pop stars perform in Pyongyang

On Sunday, South Korea's most popular pop stars staged a rare concert in Pyongyang in the run-up to the inter-Korean summit.

Sun, 01 Apr 2018 20:02:58 GMT

Ex-Guatemalan dictator Rios Montt dies at 91

The former Guatemalan dictator Efrain Rios Montt died on Sunday at the age of 91, according to his lawyer Luis Rosales.

Sun, 01 Apr 2018 19:01:18 GMT

Trump says deal for ‘Dreamers' is dead

On Sunday, the US President Donald Trump stated that the status of so-called "Dreamers", immigrants brought to the US illegally as minors, would not be legalised.

Sun, 01 Apr 2018 19:00:36 GMT

Senator Graham opposes withdrawal of US troops from Syria

The Republican Senator Lindsey Graham criticised the US President Donald Trump's decision to withdraw US troops from Syria, saying that it would lead to a resurgence of the ISIS.

Sun, 01 Apr 2018 17:58:23 GMT

Turkey's Erdogan calls Israel's Netanyahu 'terrorist'

On Sunday, the Turkish President Tayyip Erdogan called the Israeli Prime Minister Benjamin Netanyahu a "terrorist", following the latest Gaza clash.

Sun, 01 Apr 2018 17:56:59 GMT

Data breach hits Saks and Lord & Taylor stores

Hudson's Bay, a Canadian retail business group, announced on Sunday that a payment card data breach occurred at its Saks and Lord & Taylor stores in North America.

Sun, 01 Apr 2018 17:02:06 GMT

Vietnam and China want to settle South China Sea disputes

On Sunday, China's Foreign Minister Wang Yi called on China and Vietnam to settle their rows in the South China Sea through negotiations.

Sun, 01 Apr 2018 17:01:48 GMT

China to fully form government departments in April

China's media reported that the country would complete the formation of government departments by mid-April.

Sun, 01 Apr 2018 16:04:19 GMT

Zambia wants Cuba to recall its ambassador

On Sunday, Zambia asked Cuba to recall Nelson Pages Vilas, its ambassador, over his open support for the new opposition Socialist Party.

Sun, 01 Apr 2018 16:03:18 GMT

CDB to lend $63.77B for poverty relief projects this year

China's Xinhua news agency reported on Sunday that the country's major policy bank CDB is planning to lend $63.77B for poverty relief projects in 2018.

Sun, 01 Apr 2018 15:25:58 GMT

Macau casinos report 22% gain in revenue in March

Macau gambling revenue saw a 22% gain over the course of March thanks to the decent demand for gambling in China's only legal casino centre.

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