News

Note: This section contains information in English only.
Mon, 18 Dec 2017 16:52:26 GMT

US home-builder sentiment surged in December

The NAHB reported on Monday that its Housing Market Index rose to 74 in December, up from the prior month's downwardly revised figure of 69.

Mon, 18 Dec 2017 15:55:09 GMT

Foreign investment in Canadian securities improves markedly

Statistics Canada reported that foreign investment in Canadian securities totalled C$20.8B in October, up from the preceding month's C$16.7B.

Mon, 18 Dec 2017 15:54:19 GMT

UK CBI industrial order expectations hold steady

The Confederation of British Industry reported on Monday that its Industrial Order Expectations Index remained unchanged at 17 in December, whereas analysts anticipated a decrease to 14.

Mon, 18 Dec 2017 15:17:33 GMT

Nestle sells iced tea brands amid business restructuring

Nestle decided to sell its two iced tea brands in North America amid the world's largest food maker's intention to reshape the business and focus more on consumer health.

Mon, 18 Dec 2017 15:06:35 GMT

VW to install nearly 3K EV charging stations in US

Volkswagen's Electrify America unit is planning to install 2,800 e-vehicle charging stations in about 500 sites in the US 17 largest cities by June 2019.

Mon, 18 Dec 2017 14:31:36 GMT

EU launches inquiry into Ikea Dutch tax deals

The EU regulators are set to investigate whether Ikea's tax deals with the Netherlands helped lower its tax bill, in a crackdown on unfair tax arrangements between the EU states and multinationals.

Mon, 18 Dec 2017 14:20:28 GMT

Total System Services signs acquisition deal with Cayan

On Monday, Total System Services announced it had agreed to buy the payment technology firm Cayan in a cash deal worth of $1.05B that was expected to be closed in the 2018-first quarter.

Mon, 18 Dec 2017 12:56:03 GMT

Tencent set to invest in Vipshop

The Chinese internet giant Tencent on Monday announced that the company will invest $863 million in the apparel platform Vipshop.

Mon, 18 Dec 2017 12:44:08 GMT

Hershey will buy Skinny Pop

Hershey Company on Monday announced that the company is planning on acquiring the owners of the popcorn brand SkinnyPop Amplify Snack Brands for $1.6 billion.

Mon, 18 Dec 2017 11:55:13 GMT

China defends its trade

The Foreign Ministry of China on Monday defended the country's trade with the US as a win-win scenario. This came before Trump was about to lay out a new security strategy, which would brand China as a competitor.

Mon, 18 Dec 2017 11:55:00 GMT

EU renews bank watchdog mandate

The European Union agreed on Monday upon renewing mandate of Elke Koenig, who is the German head of EU's institution that disposes of failing banks.

Mon, 18 Dec 2017 11:03:51 GMT

StanChart and Ant Financial sign a partnership

The Alibaba financial affiliate Ant Financial and London based bank Standard Chartered have agreed to collaborate in countries that are set around the Chinese Belt & Road initiative.

Mon, 18 Dec 2017 11:03:19 GMT

Vonovia and Buwog make a deal

The largest residential property company of Germany Vonovia has made a deal to buy its Austrian counterpart Buwog. The deal is set to be worth 5.2 billion Euros.

Mon, 18 Dec 2017 10:10:46 GMT

Gemalto to phase out 288 jobs in France

Gemalto's CEO plans adhering to a plan to cut about 288 job positions in the French chip card business, after the chipmaker had been taken over by the aerospace and defence group Thales.

Mon, 18 Dec 2017 10:00:04 GMT

Fiat Chrysler calls off 10K Jeep Grand Cherokee SUVs in Russia

The Italian-American automaker Fiat Chrysler is planning to recall 10,355 Jeep Grand Cherokee sports utility cars in Russia, as it seeks to verify proper installation of the brake-booster shields.

Mon, 18 Dec 2017 09:31:20 GMT

China's top leaders launch annual economic meeting

According to the official Xinhua news agency, the Chinese senior leaders started its annual meeting on Monday to lay down the reform and economic plans for the next year.

Mon, 18 Dec 2017 09:23:15 GMT

Vonovia agrees to buy Buwog for $6.12B

Australia's real estate company Buwog had agreed to be taken over by Germany's Vonovia in a $6.1B cash deal, both firms announced on Monday.

Mon, 18 Dec 2017 08:33:22 GMT

France sues Amazon over dominant position abuse

France's government filed a complaint against the e-commerce firm Amazon for abusing the company's dominant position with several suppliers, Le Parsien newspaper reported.

Mon, 18 Dec 2017 08:25:18 GMT

Russia calls US, North Korea to start dialogue

Russia's Deputy Foreign Minister Sergei Ryabkov stated that Moscow expected North Korea and the United States to start a dialogue instead of discussing the conditions for such a dialogue.

Mon, 18 Dec 2017 07:34:28 GMT

Power resumed to Atlanta airport after long-term outage

On Monday, the flight operations at Atlanta's Hartsfield airport were restored, following a daylong power outage that paralysed the travel, as more than 1K flights had been canceled during the last 24 hours.

Mon, 18 Dec 2017 07:28:33 GMT

US Senator McCain likely to miss tax vote on Tuesday

The Republican US Senator John McCain is likely to miss the expected vote on the tax code overhaul on Tuesday, after he had left Washington for his home in Arizona due to a medical treatment.

Mon, 18 Dec 2017 06:23:42 GMT

China issues new guidelines for foreign investment by private companies

China's National Development and Reform Commission has issued fresh guidelines for foreign investment by private firms in an attempt to prevent companies violating policies.

Mon, 18 Dec 2017 06:22:50 GMT

Toyota to produce over 10 battery EV models in early 2020s

On Monday, Toyota Motor Corp announced its plans to produce over 10 battery EV car models around the world in early 2020s.

Mon, 18 Dec 2017 05:15:12 GMT

Peruvians want Kuczynski to step down

According to a poll conducted by Ipsos Peru, a majority of the country's citizens want the acting President Pedro Pablo Kuczynski to step down.

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