News

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Mon, 15 Jan 2018 16:59:45 GMT

Profit of China government-owned enterprises rose 15.2% in 2017

Total profit of Chinese central government-owned enterprises rose 15.2% to $217.5B in the year of 2017, the Xinhua reported on Monday.

Mon, 15 Jan 2018 16:59:00 GMT

BoC to hike rates in early 2018, despite NAFTA uncertainties

The Bank of Canada is set to kick off the current year by raising interest rates, encouraged by solid job growth, despite lingering uncertainties surrounding NAFTA.

Mon, 15 Jan 2018 16:10:18 GMT

Lloyd's to open unit in Brussels next year

Lloyd's of London, the leading insurance market, was on track to begin operating at its unit in Brussels until January 2019, the CEO stated on Monday.

Mon, 15 Jan 2018 16:09:50 GMT

China's GDP growth to slow in Q4 on pollution, dept clampdown

Chinese economic growth is likely to slow down modestly in the December quarter, as the country's government expanded a crackdown on factory pollution and debt risks.

Mon, 15 Jan 2018 15:25:00 GMT

French minister urges Euro zone to make reforms by 2019

France's Finance Minister Bruno Le Maire called on the Euro zone to take the first steps towards its economic regulations reforms by the 2019-start.

Mon, 15 Jan 2018 15:16:48 GMT

BMW optimistic about NAFTA talks outcome

BMW stated on Monday it was optimistic that Washington's renegotiation on NAFTA would result in the most favourable outcome for the German automaker.

Mon, 15 Jan 2018 14:31:25 GMT

German automakers view further US market share rise

According to VDA industry lobby, German carmakers forecast further US market share gains in 2018 driven by new models, despite a slightly falling demand in the car market.

Mon, 15 Jan 2018 14:06:25 GMT

Madrid to rule Catalonia despite ex-leader's re-election

The Spanish PM Mariano Rajoy stated that Madrid would keep ruling Catalonia's regional administration, even if the self-exiled former head Carles Puigdemont was chosen as its President.

Mon, 15 Jan 2018 13:33:53 GMT

Britain aims to cut damage after Carillion's collapse

The UK government is seeking to limit the damage caused by Carillion's collapse on Monday and ensure public services have not been disrupted.

Mon, 15 Jan 2018 13:23:06 GMT

Samsung seeks to double Africa's revenue shares

Samsung Electronics is planning to double its Africa's annual revenue contribution to 20% of the company's global total in the following five years, its business head stated on Monday.

Mon, 15 Jan 2018 11:59:53 GMT

Koreas to hold talks over Olympics on Wednesday

South and North Korea agreed to discuss February's Winter Olympics on Wednesday, January 17, as North seeks its athletes to participate in the games.

Mon, 15 Jan 2018 11:59:40 GMT

Airbus to speed up jet production by 2020

Airbus is planning to beat its rival Boeing by accelerating its jet production in 2020, yet forecasting about 800 aircraft deliveries in 2018.

Mon, 15 Jan 2018 11:20:27 GMT

Auto1: no need for IPO after SoftBank's investment

A German car dealer platform Auto1 said on Monday that there was no need for an IPO after Japan's SoftBank provided it with a $561M financial infusion.

Mon, 15 Jan 2018 11:18:56 GMT

EA19 trade surplus widens to €26.3B in November

According to the data released by Eurostat on Monday, the Euro area trade surplus widened to €26.3B in November compared with the surplus of €23.8 registered a year ago.

Mon, 15 Jan 2018 10:28:46 GMT

UAE claims Qatari fighters intercepted civilian jet

Qatari fighter jets had intercepted a civilian aircraft of the United Arab Emirates during its civilian flight to Bahrain, the state news outlet WAM stated on Monday.

Mon, 15 Jan 2018 10:16:49 GMT

Moscow not to back US bid to modify Iran's nuclear deal

On Monday, Russia's Foreign Minister Sergei Lavrov stated that Moscow would not support Washington's attempts to change the Iran nuclear accord.

Mon, 15 Jan 2018 09:34:04 GMT

Singapore wants to extradite Canada's suspect

Singapore seeks to extradite Canada's suspect David James Roach, who had allegedly stole around $23K from a bank in July 2016, following his detention in Britain last week.

Mon, 15 Jan 2018 09:28:32 GMT

Lego, China's Tencent join hands over online games

Toymaker Lego and China's Internet giant Tencent tied up with intention to jointly develop various online games and a new social network designed for Chinese children.

Mon, 15 Jan 2018 08:30:38 GMT

New Indonesia's Parliament speaker to be sworn in on Monday

On Monday, Bambang Soesatyo will be sworn in as a new speaker of the Indonesian Parliament to replace the previous official, who was involved in a huge graft scandal.

Mon, 15 Jan 2018 08:21:16 GMT

Russia ready to back direct talks on KP crisis

On Monday, Russia's Foreign Minister Sergei Lavrov stated that Moscow was ready to back direct talks between sides involved in the North Korean missile crisis.

Mon, 15 Jan 2018 07:32:10 GMT

Indonesia's Stock Exchange reopens for afternoon session

On Monday, Indonesia's Stock Exchange building was reopened for the afternoon session, following the first floor collapse that injured dozens of people and caused the building evacuation.

Mon, 15 Jan 2018 07:29:05 GMT

North Korea seeks to discuss Olympics with South

North Korea requested talks over the next month's Winter Olympics in South Korea to be held on January 2017, offering the demilitarised zone on the South's side as a meeting point.

Mon, 15 Jan 2018 06:19:21 GMT

Volkswagen car sales hit 6.23M last year

Volkswagen brand car sales jumped to a record high of 6.23M in 2017 on the back of a strong demand in Americas and China, which managed to offset a drop in Western Europe.

Mon, 15 Jan 2018 06:19:15 GMT

Singapore CB's head hopes crypto technologies can survive crash

Ravi Menon, the Managing Director of the Monetary Authority of Singapore, said he hoped that technologies supporting cryptocurrencies would survive an eventual digital money crash.

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