News

Note: This section contains information in English only.
Fri, 29 Dec 2017 09:59:02 GMT

Goldman Sachs moves asset management business to Dublin

According to a source with knowledge on the matter, Goldman Sachs has chosen Dublin as a hub for its asset management business in the wake of Britain's decision to leave the EU.

Fri, 29 Dec 2017 09:58:41 GMT

US IRS advises homeowners on tax prepayment

The US Internal Revenue Service advised the country's homeowners on prepaying their 2018 property taxes before Trump's tax law takes effect.

Fri, 29 Dec 2017 09:16:39 GMT

China: US must do more to trim its opioid demand

A senior China's drug control official said the United States should trim its "enormous" opioid demand rather than blaming China for being the main source.

Fri, 29 Dec 2017 09:15:35 GMT

Australia seen relaxing visa restrictions for overseas pilots

Australia's government is seen easing visa restrictions for overseas pilots due to the fact that a domestic shortage of professionals sees planes grounded and flights cancelled.

Fri, 29 Dec 2017 08:02:22 GMT

Huawei expects slowest revenue growth in four years

In a New Year's address to staff, Huawei's rotating CEO Ken Hu said the company expected 2017 revenue to soar 15%, making it the slowest revenue growth over the past four years.

Fri, 29 Dec 2017 08:02:08 GMT

Peruvians protest against Fujimori pardon

Thousands Peruvians took to the streets in Lima to march against the President's pardoning of the ex-authoritarian leader Alberto Fujimori.

Fri, 29 Dec 2017 07:00:59 GMT

Menlo Therapeutics files for IPO

The clinical stage biopharmaceutical company Menlo Therapeutics has filed or an IPO, striving to raise at least $85M. The firm is applying to list on NASDAQ with the ticker symbol "MNLO".

Fri, 29 Dec 2017 07:00:47 GMT

Apple offers apology for slowing down iPhones

In an open letter to its clients, Apple apologised for slowing down iPhones having old batteries and offered cheaper battery replacement for older iPhone models.

Fri, 29 Dec 2017 06:21:58 GMT

Reliance Jio to acquire RCom's wireless assets for $3.75B

According to sources with knowledge on the matter, India's LTE mobile network operator Reliance Jio has secured a $3.75B deal to acquire the debt-laden RCom's wireless assets.

Fri, 29 Dec 2017 06:21:11 GMT

China's CB to help banks cope with heavy cash demand

China's central bank said it would allow certain commercial banks keep fewer required reserves for the time being in order to help them cope with heavy cash demand before the Lunar New Year.

Fri, 29 Dec 2017 05:27:25 GMT

Trump expects fair Russia probe

The US President Donald Trump said he was convinced that the special counsel probe into Russia's meddling in the US election last year is going to be fair.

Fri, 29 Dec 2017 05:26:43 GMT

Hong Kong private home prices hit historic records

The Rating and Valuation Department reported on Friday that Hong Kong's private home prices surged 1.08% over the course of November, marking the 13th consecutive month of growth.

Fri, 29 Dec 2017 04:17:15 GMT

Citigroup to pay at least $11.5M fines

Citigroup is expected to pay fines worth at least $11.5M and compensation to settle charges for displaying the wrong stock ratings, causing customers to buy shares they never wanted.

Fri, 29 Dec 2017 04:17:06 GMT

VW seeks to hinder emissions audit

Volkswagen would petition German Constitutional Court, aiming to overturn the special auditor appointment to investigate the management's actions in the emissions scandal.

Fri, 29 Dec 2017 03:21:27 GMT

China Aircraft Leasing to buy 50 Airbus for $5.4B

China Aircraft Leasing stated that it would buy 50 Airbus A320neo series for $5.42B in aggregate list price to expand the company's fleet in a bid to strengthen position in the market.

Fri, 29 Dec 2017 03:20:46 GMT

South Korea inflation grows in December on global rise in oil prices

South Korean yearly inflation growth accelerated 1.5% in December to the fastest in three months, as higher oil prices pushed the cost of industrial products.

Thu, 28 Dec 2017 21:05:09 GMT

Weak demand for iPhone X affects Apple's results

Shares of Apple inched lower amid weak demand for the latest flagship iPhone X that was critical to the results of the company over the holiday shopping quarter.

Thu, 28 Dec 2017 21:04:15 GMT

GM wins court ruling over flawed ignition switches

General Motors won a court ruling, which could narrow the private litigation over the flawed car ignition switches that have been linked to more than 120 deaths.

Thu, 28 Dec 2017 20:30:46 GMT

Italian citizens to vote for new parliament on March 4

Italian citizens will vote on March 4 in the Presidential Election that would create a hung parliament, possible market turbulence and instability in the country.

Thu, 28 Dec 2017 20:26:05 GMT

SoftBank to buy 15% of Uber stake

According to the Wall Street Journal, SoftBank Group will purchase at least 15% stake in Uber Technologies after existing investors agreed to sell shares at $48B.

Thu, 28 Dec 2017 17:54:20 GMT

Minutes: BOM aims to stabilise inflation and reduce price pressures

The Bank of Mexico's minutes revealed on Thursday that it aims to keep inflation forecasts stable, while seeing interest rate hikes as a possible measure to reduce price pressures.

Thu, 28 Dec 2017 17:53:43 GMT

Trump disappointed about China's oil deliveries to North Korea

The US President Donald Trump tweeted on Thursday that a ‘friendly solution' to the North Korean crisis could not be reached while China continued its oil deliveries to the country.

Thu, 28 Dec 2017 16:56:10 GMT

Snap develops new product to boost user growth and revenues

Snap Inc plans to introduce a new product ‘Stories Everywhere' in order to boost stagnant user growth and decreasing revenues.

Thu, 28 Dec 2017 16:54:51 GMT

Venezuelans protest against pork shortage during holidays

Hundreds of Venezuelans in Caracas protested against pork shortage during the holidays, while the country's President Nicolas Maduro blamed Portugal for failed meat deliveries.

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