News

Note: This section contains information in English only.
Tue, 19 Dec 2017 21:03:20 GMT

US business borrowing to finance investment jumps 17%

The Equipment Leasing and Finance Association reported on Tuesday that borrowing by US companies for capital investment surged 17% year-over-year in November.

Tue, 19 Dec 2017 21:01:19 GMT

Analysts forecast less affordable housing following US tax overhaul

An opinion poll released on Tuesday revealed that nearly half of US real estate analysts expected the new tax code to make homes less affordable.

Tue, 19 Dec 2017 20:20:30 GMT

Peter Terium leaves CEO post at Innogy

Germany's energy company Innogy reported on Tuesday that its CEO Peter Terium would leave the company immediately, following the recent profit warning for both 2017 and 2018.

Tue, 19 Dec 2017 20:19:44 GMT

US House of Representatives approves sweeping tax overhaul

On Tuesday, the US House of Representatives approved the most sweeping tax overhaul, forwarding the bill to the Senate.

Tue, 19 Dec 2017 18:58:04 GMT

French ministers: no corruption law overhaul for now

On Tuesday, two French ministers told the AFA (Agence Française Anticorruption) that they did not plan to revamp legislation to facilitate the process of targeting corrupt overseas companies.

Tue, 19 Dec 2017 18:57:38 GMT

Lufthansa to secure EU approval for LGW acquisition

According to people with knowledge on the matter, Lufthansa is to gain EU antitrust approval for the acquisition of Air Berlin's subsidiary LGW.

Tue, 19 Dec 2017 17:54:57 GMT

UN to move around 10K illegal migrants from Libya in 2018

On Tuesday, a senior United Nations official revealed the organisation's plans to move around 10K illegal refugees from Libya in 2018.

Tue, 19 Dec 2017 17:54:28 GMT

CB leading index for Australia up 0.3% in October

The Conference Board reported on Tuesday that its Leading Economic Index for Australia jumped 0.3% to 110.0 over the course of October.

Tue, 19 Dec 2017 17:15:56 GMT

Prices plummet at latest dairy auction

Dairy prices fell by 3.9% at the latest global dairy auction in New Zealand, registering the fifth decline over the last six auctions.

Tue, 19 Dec 2017 17:15:05 GMT

US current account deficit narrows in Q3

According to the data released by the US Bureau of Economic Analysis, the country's current account deficit decreased to $100.6B over the third quarter of 2017.

Tue, 19 Dec 2017 16:27:23 GMT

US building permits down 1.4% in November

The US Census Bureau reported on Tuesday that building permits were down 1.4% to 1.3M rate over the course of November, though still topping analysts' expectations.

Tue, 19 Dec 2017 16:25:56 GMT

German Ifo business morale dips in December

The German Ifo business morale fell unexpectedly in December, coming in at 117.2 points, while economists had predicted a 117.6-point reading.

Tue, 19 Dec 2017 15:29:19 GMT

Microsoft, Facebook disables North Korea's cyber actions

The White House stated on Tuesday that Microsoft and Facebook cooperated in the cyber security defence and disabled a number of North Korea's cyber actions.

Tue, 19 Dec 2017 15:22:15 GMT

Air Berlin repays over €40M of bridge loan

The collapsed carrier Air Berlin repaid over €40M out of a €150M bridge loan it had received from Germany's government after the airline filed for insolvency about four months ago.

Tue, 19 Dec 2017 14:34:28 GMT

Steinhoff appoints acting CEO ahead of lender meeting

On Tuesday, the South African company Steinhoff named Danie van der Merwe as its acting CEO ahead of the lender meeting, following the conglomerate's accounting scandal.

Tue, 19 Dec 2017 14:27:34 GMT

UPS makes pre-order of 125 Tesla Semis

United Parcel Service announced on Tuesday it had made a pre-order of 125 Tesla electric semi-trucks, as the package delivery service sought for alternative-fuel vehicles.

Tue, 19 Dec 2017 13:34:12 GMT

Russian, Japanese, US astronauts arrive at ISS

The astronaut crew of the United States, Japan and Russia arrived on Tuesday at the International Space Station, after docking their Soyuz spacecraft around 4000 km above the Earth.

Tue, 19 Dec 2017 13:28:03 GMT

JACK sells Qdoba Restaurant unit for $305M

Jack in the Box stated on Tuesday it was selling its Qdoba Restaurant unit to funds that were affiliated with Apollo Global Management for around $305M cash.

Tue, 19 Dec 2017 12:28:31 GMT

Hyundai Motor's labour union agrees on trial wage deal

South Korea's carmaker Hyundai Motor stated on Tuesday its labour union had agreed on a tentative wage deal that would resolve some lingering disagreements in the firm over wage increases.

Tue, 19 Dec 2017 12:11:24 GMT

WhatsApp to face fine over data sharing issue

The messaging app WhatsApp may face fine, in case it does not fulfil the conditions of an order over bringing its user data sharing with Facebook in line with France's privacy law.

Tue, 19 Dec 2017 11:18:58 GMT

Italy to introduce 3% web tax on digital services

On Tuesday, Italy's budget commission has approved a rule that obliges web companies such as Google, Apple and Amazon, to pay a 3% tax on the Internet transactions, which are made in Italy.

Tue, 19 Dec 2017 11:00:43 GMT

Germany accuses Facebook of dominant position abuse

The German Federal Cartel Office accused Facebook of abusing its dominant position in the market and collecting third-party data on social media's users, the findings of the 20-month probe showed.

Tue, 19 Dec 2017 10:31:32 GMT

Greenyard aims to buy Dole Food

The Belgian grocery company Greenyard NV is in advanced talks to acquire the world's biggest vegetable and fruit producer Dole Food Company that might be valued at over $2.5B, including debt.

Tue, 19 Dec 2017 10:21:12 GMT

Uber's rival Didi seeks to break into Taiwanese market

The Chinese ride-hailing service Didi Chuxing is planning to enter Taiwan market through a domestic franchise partner, amid company's intention to expand across waters.

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