News

Note: This section contains information in English only.
Tue, 20 Mar 2018 05:54:46 GMT

Kingdom Holding to spin off its $13B assets

The Saudi Arabian investment company Kingdom Holding plans to split its $13B assets through domestic property and other holdings, as explained by its CEO Prince Alwaleed bin Talal.

Tue, 20 Mar 2018 05:25:26 GMT

Kingdom Holding to spin off its $13B assets

The Saudi Arabian investment company Kingdom Holding plans to split its $13B assets through domestic property and other holdings, as explained by its CEO Prince Alwaleed bin Talal.

Tue, 20 Mar 2018 05:15:41 GMT

Whole Foods to hold summit for suppliers

The US-based supermarket chain Whole Foods is set to host a summit of 200 suppliers on Tuesday in order to discuss its business model under the ownership of Amazon.com.

Tue, 20 Mar 2018 05:14:54 GMT

China's Premier confident of achieving economic targets in 2018

The Chinese Premier Li Keqiang said China was confident of reaching the expected GDP growth of 6.5% in 2018 due to sound economic fundamentals.

Tue, 20 Mar 2018 04:28:32 GMT

Fed likely to hike rate three times this year

The Fed Chair Jerome Powell with colleagues are expected to raise rates four times in 2018, but unlikely to indicate that intention this week, a Bloomberg survey showed.

Tue, 20 Mar 2018 04:27:59 GMT

China's Li sees no winner from trade war between US, China

China's Premier Li Keqiang stated that there could be no winner in any kind of trade war between the US and China, hoping both sides would remain calm.

Tue, 20 Mar 2018 02:57:09 GMT

Australian house prices rise more than expected in Q4 2017

The ABS reported on Tuesday that its House Price Index rose 1.0% in the Q4 of 2017, after dropping 0.2% in the prior quarter and surpassing analysts' expectations for a 0.1% increase.

Tue, 20 Mar 2018 02:56:14 GMT

New Zealand consumer sentiment rebounds in March quarter

The Westpac Banking Corporation reported that its Consumer Sentiment Index rose to 111.2 in the Q1 of 2018, up from the preceding quarter's 107.4.

Mon, 19 Mar 2018 21:15:34 GMT

France to tighten control on unemployed

The French government plans to impose stricter rules on the unemployed by increasing penalties among other measures, the Ministry of Labour reported on Monday.

Mon, 19 Mar 2018 21:06:35 GMT

EU's Moscovici says protectionism is risk to global economic growth

The European Commissioner for Economic and Financial Affairs Pierre Moscovici noted on Monday that protectionism could damage global economic growth and thus should be avoided.

Mon, 19 Mar 2018 20:11:07 GMT

IEX Group asks for stricter corporate governance standards

The US-based stock exchange IEX Group has requested US regulators to approve a corporate listings program aimed at improving corporate governance standards for listed companies.

Mon, 19 Mar 2018 20:02:24 GMT

SEC awards $83M to Merrill Lynch whistle-blowers

The US Securities and Exchange Commission has granted $83M to three whistle-blowers in relation to the Merrill Lynch case of misused customer cash in 2016.

Mon, 19 Mar 2018 18:56:14 GMT

White House: Trump blocks Venezuelan cryptocurrencies in US

According to a statement by the White House, the US President Donald Trump blocked on Monday the use of Venezuelan cryptocurrencies within the United States.

Mon, 19 Mar 2018 18:54:51 GMT

Oil prices fall amid weaker US stocks, growing crude supply

Oil prices edged lower on Monday, as a plunge in US stocks and concerns over increased global crude supply weighted negatively on the commodity.

Mon, 19 Mar 2018 18:22:35 GMT

VW to invest $340M in Tennessee plant to build new SUVs

The German car manufacturer Volkswagen AG is set to announce a plan to invest $340M in its Tennessee plant to satisfy the increasing demand for new SUVs.

Mon, 19 Mar 2018 17:57:39 GMT

Reuters: Dropbox's IPO acquires large interest

The initial public offering of the cloud storage firm Dropbox Inc is oversubscribed, thus showing healthy demand for tech stocks this year, Reuters reported on Monday.

Mon, 19 Mar 2018 16:57:11 GMT

White House appoints former GM, Microsoft CFO as senior policy official

Christopher Liddell, the former Chief Financial Officer of General Motors Co and Microsoft Corp, has been appointed the US Deputy Chief of Staff for Policy Coordination.

Mon, 19 Mar 2018 16:56:58 GMT

WTO in talks with US about reforms, says Azevedo

The Director-General of the WTO Roberto Azevedo explained on Monday that the organisation was conducting talks with the US about possible internal reforms.

Mon, 19 Mar 2018 16:07:05 GMT

UK's government, FCA to assess risks from cryptocurrencies

The British Economic Secretary to the Treasury and City John Glen said the government and the FCA would examine in detail potential risks from digital currencies.

Mon, 19 Mar 2018 15:58:19 GMT

Sky News: RBS plans development of digital bank

The Royal Bank of Scotland planned to create a digital bank, thus providing app-only services with low fees, Sky News reported this Monday.

Mon, 19 Mar 2018 15:33:17 GMT

HNA seeks selling properties across China

According to a Bloomberg report published on Monday, the Chinese HNA Group seeks to sell $2.2B worth properties across Chia, including hotels and office buildings.

Mon, 19 Mar 2018 15:28:47 GMT

Sherborne gains control of Barclays' 5% stake

Sherborne Investors took control of a 5% stake in Barclays, a move that is expected to herald the British bank's shake-up on the back of its struggles to maintain pace with the US investment banking rivals.

Mon, 19 Mar 2018 14:35:30 GMT

Japan, US, South Korea meet over North Korea's summits

According to the South Korean Presidential Blue House, the country's Security Adviser met with his counterparts from the US and Japan for talks over North Korea and its nuclear missile programme.

Mon, 19 Mar 2018 14:33:09 GMT

Britain and EU agree Brexit transition deal

Britain agreed on Monday on a deal with the European Union to escape a "hard border" for Northern Ireland and win the bloc's accord, which implies the maintenance of the EU benefits after Brexit.

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