News

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Mon, 19 Mar 2018 13:34:37 GMT

France calls for tough EU approach against Iran over nuclear deal

On Monday, France called on the EU bloc to impose new sanctions on Iran due to the country's involvement in the Syrian civil war and the nuclear missile programme.

Mon, 19 Mar 2018 13:21:42 GMT

UK chipmaker ARM to be relisted by SoftBank

According to SoftBank's senior executive, the Japanese conglomerate could relist the British chipmaker ARM Holding, saying that the IPO could be an exit strategy for SoftBank's investment fund.

Mon, 19 Mar 2018 12:33:34 GMT

Large retail firms call on Trump to lift China tariffs

Walmart, Best Buy, Target and other large retailers urged the US President Donald Trump on Monday to abandon the tariffs imposition on China's goods, in an official letter addressed to the White House.

Mon, 19 Mar 2018 12:25:05 GMT

Facebook shares fall amid data misuse reports

Shares of Facebook plunged 4% on Monday following media reports over data misuse, as a political consultancy gained unauthorised access to 50M Facebook users' data.

Mon, 19 Mar 2018 11:12:19 GMT

Co-head of Goldman Sachs International to become German Deputy Finance Minister

The Managing Director of Goldman Sachs International Joerg Kukies is to be appointed the Deputy Finance Minister in the newly-formed German government, the ministry said on Monday.

Mon, 19 Mar 2018 11:00:17 GMT

Shanghai Stock Exchange approves Didi Chuxing's shelf offering

The Shanghai Stock Exchange has permitted a shelf offering by China's ride-hailing enterprise Didi Chuxing worth $1.58B, the company confirmed on Monday.

Mon, 19 Mar 2018 10:35:32 GMT

Home24 cuts losses amid listing plans

The German Ikea's rival Home24 is seeking to trim its losses in the Q4, following the information that the company is planning listing in the stock market.

Mon, 19 Mar 2018 10:34:13 GMT

Trump to reveal plan to halt opioid crisis

On Monday, the US President Donald Trump is eager to reveal his plan to combat the crisis of opioid addiction, which includes death penalty for the drug dealers.

Mon, 19 Mar 2018 09:37:59 GMT

Standard Chartered fined $4M for money laundering violations

Singapore's MAS has fined Standard Chartered's SCBC $3.95M and SCTS $1.2M more over countering financing of terrorism requirements and anti-money laundering breaches.

Mon, 19 Mar 2018 09:33:09 GMT

EU calls urgent Brexit meeting over deal talks

On Monday, the European Union negotiators convened an urgent meeting on Brexit due to speculation about a preliminary deal few days before the summit.

Mon, 19 Mar 2018 07:59:09 GMT

Drivers of Uber, Ola stage out protest over pay

On Monday, the Uber and Ola drivers launched a strike across India, urging for extra pay amid rise in the number of some cabs in the taxi-apps and inventive payments' cutbacks.

Mon, 19 Mar 2018 07:58:48 GMT

Hyundai Motor shares drop amid faulty airbags probe

On Monday, Hyundai Motor's shares plunged 4.8%, following the US investigation into the carmaker's airbags that failed to deploy in its Sonata sedans.

Mon, 19 Mar 2018 07:32:48 GMT

Desilu seeks US IPO to complete Vonetize's acquisition

Desilu Studios is planning the US listing, seeking to complete the second stage of the Israel's technology start-up Vonetize acquisition.

Mon, 19 Mar 2018 06:05:51 GMT

Merkel to emphasise EU unity during Polish trip

During her trip to Poland, the German Chancellor Angela Merkel will push for bilateral cooperation and emphasise the need for EU unity.

Mon, 19 Mar 2018 06:05:05 GMT

BoJ policymakers: CB should stick with QE

On Monday, a summary of the BoJ policymakers' opinions revealed that they wanted the Japanese central bank to stick with the QE in the wake of lagging inflation.

Mon, 19 Mar 2018 05:26:24 GMT

Australia's Turnbull meets Myanmar's leader

The leader of Myanmar Aung San Suu Kyi landed in Canberra on Monday to meet with Australia's Prime Minister Malcolm Turnbull.

Mon, 19 Mar 2018 05:25:40 GMT

China elects key members of new economic team

On Monday, China elected key members of the re-elected country's President Xi Jinping's economic team, as Beijing sterns measures on risky financing.

Mon, 19 Mar 2018 04:22:50 GMT

Alibaba to invest extra $2B in Lazada

Alibaba Group stated that it would invest an extra $2B in Southeast Asia's e-commerce business Lazada Group in a bid to enter new markets.

Mon, 19 Mar 2018 04:21:48 GMT

Apple to develop own MicroLED displays

Apple was developing the company's own MicroLED device screens and has already made some of the displays for testing, according to the report by Bloomberg.

Mon, 19 Mar 2018 02:55:46 GMT

British house prices grow 1.5% in March

Rightmove, the UK's largest online real estate portal, reported that its HPI grew 1.5% in March, after rising 0.8% in the preceding month.

Mon, 19 Mar 2018 02:54:58 GMT

Japanese trade balance worsens last month

Japan's Ministry of Finance reported on Monday that the country's trade balance came in at a deficit of 0.20T yen in February versus a surplus of 0.35T yen in the prior month.

Sun, 18 Mar 2018 20:57:53 GMT

Japan Tobacco to acquire Russia's Donskoy Tabak

Japan Tobacco is to acquire the fourth largest tobacco enterprise in Russia Donskoy Tabak for $1.6B in order to strengthen its position in the Russian tobacco market.

Sun, 18 Mar 2018 20:57:36 GMT

Weidmann: positive economic developments could end ECB's asset purchases

The President of the German Bundesbank Jens Weidmann said on Sunday that favourable economic developments and inflation forecasts could allow the ECB to end its asset purchases.

Sun, 18 Mar 2018 19:51:21 GMT

Poll: Putin wins presidential election in Russia

A recent poll showed late on Sunday that the Russian President Vladimir Putin had won the country's presidential election with 73.9% of the votes.

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