News

Note: This section contains information in English only.
Sat, 23 Dec 2017 05:20:04 GMT

US businesses have up to a year to report for new tax bill

The US financial regulator stated that the country's companies would have up to a year for final report, as new bill complicated it to be made timely.

Sat, 23 Dec 2017 05:17:38 GMT

Boeing wins $6.2B contract for F-15 jets for Qatar

Boeing was awarded a $6.2B worth contract for 36 F-15 jets for air force of Qatar, the Pentagon stated in a statement.

Fri, 22 Dec 2017 21:12:12 GMT

Fiat Chrysler Automobiles to recall 1.8M vehicles

Fiat Chrysler US unit stated that it would recall 1.8M trucks in the US, Mexico, Canada and other markets to fix a detail and allow the driver to leave the park without the key ignited.

Fri, 22 Dec 2017 21:10:16 GMT

EBRD loans $350M to ArcelorMittal

The EBRD said that it extended a $350M worth loan to Ukrainian biggest steel mill, which is owned by ArcelorMittal, for environment and modernisation.

Fri, 22 Dec 2017 20:21:56 GMT

ED&F Man reports $144.6 pre-tax loss

Commodity trader ED&F Man showed in the report a $144.6B loss for the fiscal year ending September 30, citing solid underperformance in grains and sugar businesses.

Fri, 22 Dec 2017 20:19:57 GMT

Russian Rosneft reaches $2.7B agreement with Sistema

Russia's biggest oil producer Rosneft reached a settlement with the Sistema conglomerate, which is likely to pay out $1.7B to resolve the dispute on the Basneft oil firm.

Fri, 22 Dec 2017 19:18:09 GMT

Daimler expects US tax reform to lift net income of 2017

Germany's carmaker Daimler stated that the US tax reform is likely to result in the income tax advantage of €1.7B worth in the company's 2017 results.

Fri, 22 Dec 2017 19:16:05 GMT

Strong US business, consumer spending to fuel quarterly growth

The US consumer spending strengthened, while capital goods orders rose for the tenth month in succession, indicating that the US economy was gaining momentum by the end of the year.

Fri, 22 Dec 2017 18:15:04 GMT

UnitedHealth to buy Banmedica for $2.8B

UnitedHealth Group announced that it signed an agreement to buy Chile's healthcare business Banmedica for $2.8B, expanding its footprint in South America.

Fri, 22 Dec 2017 18:13:54 GMT

Atlanta Fed sees US GDP growth at 2.8% in Q4

The US economy is expected to grow at a 2.8% yearly pace in the Q4, following durable goods orders and personal spending figures for November, the Atlanta Fed forecast model revealed.

Fri, 22 Dec 2017 16:51:01 GMT

US new home sales jump 17.5% in November

The US Department of Commerce reported on Friday that new single-family home sales increased by 17.5% month-on-month, thus reaching its highest level since July 2007.

Fri, 22 Dec 2017 16:50:41 GMT

Rajoy is open to talks with new Catalan government

The Spanish Prime Minister Mariano Rajoy said on Friday that the central government would make an attempt to hold constructive talks with Catalan pro-independence parties.

Fri, 22 Dec 2017 15:57:13 GMT

Canada's National Railway to buy 200 locomotives from GE

Canada's National Railway Co informed about its plans to purchase 200 locomotives from General Electric Co during the following three years to satisfy higher demand. 

Fri, 22 Dec 2017 15:55:38 GMT

Trump to sign tax, government spending bill on Friday

The US President Donald Trump is set to sign into law the massive $1.5T tax overhaul and a government spending plan later on Friday.

Fri, 22 Dec 2017 15:32:57 GMT

Washington supports Honduran President's re-election

The United States backed the Honduran President Juan Orlando Hernandez's re-election on Friday, despite disputes and protests that sparked out over the vote.

Fri, 22 Dec 2017 15:27:56 GMT

US car sales expected to drop 2.6% in December

According to J.D. Power and LMC Automotive, the US vehicle sales pace is seen to be down 2.6% in December, despite manufacturers' aggressive discount campaign.

Fri, 22 Dec 2017 13:52:59 GMT

Germany starts probe into of bid for Cotesa

On Friday, Germany has launched probe of the scheduled China bid for the aerospace supplier Cotesa, following Berlin tightened rules on takeovers of foreign corporates.

Fri, 22 Dec 2017 13:52:23 GMT

48K Russian troops take part in Syria military campaign

Russia's Defence Minister Sergei Shoigu stated on Friday that a total of 48K Russian troops took part in its military campaign in Syria.

Fri, 22 Dec 2017 13:32:15 GMT

Qualcomm board rejects all Silver Lake, Broadcom head nominees

Qualcomm's board unanimously had rejected all the 11 candidates to replace its current directors picked by Silver Lake and Broadcom, the chipmaker stated on Friday.

Fri, 22 Dec 2017 13:23:17 GMT

Deutsche Telekom acquires Liberty's UPC unit

Deutsche Telekom is acquiring Austria's cable provider UPC from the US telecommunications company Liberty Global in a deal worth $2.25B including debt, which is seen to be closed in the 2018 second half.

Fri, 22 Dec 2017 12:32:17 GMT

China bans trust firm lenders amid shadow banking crackdown

On Friday, Chinese banking regulator curbed the lenders cooperation with trust companies based on covering up risk and skirting regulations amid China's latest crackdown on shadow banking.

Fri, 22 Dec 2017 12:25:20 GMT

VW cuts salaries, works council pays amid overpayment probe

Volkswagen had to suspend bonuses of 14 works council members and cut the salaries, as the public prosecution had launched an inquiry into the alleged earlier overpayment.

Fri, 22 Dec 2017 10:53:20 GMT

UK to take ‘hard-headed' stance in talks with Russia, says May

The UK will take ‘hard-headed' stance in talks with Russia, the British Prime Minister Theresa May said prior to a meeting between Boris Johnson and Sergey Lavror on Friday.

Fri, 22 Dec 2017 10:52:56 GMT

Belarus legalises crypto-currency law

Belarus has approved a law that legalises transactions in crypto-currencies in an attempt to boost its private sector growth and attract direct foreign investment.

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