News

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Thu, 28 Dec 2017 12:52:27 GMT

Mercedes leads US luxury car market

Mercedes Benz of Daimler AG once more has finished the year as the top luxury car brand in the US. Mercedes passed BMW by 30,000 vehicles.

Thu, 28 Dec 2017 11:59:43 GMT

US Dollar drops to one-month low on Thursday

The US Dollar fell to a one-month low against various major currencies on Thursday, as it was pressured by a decline in US 10-year bond yields.

Thu, 28 Dec 2017 11:59:34 GMT

Poll: oil prices expected to be $60 per barrel in 2018

Analysts expect oil prices to be near $60 per barrel in 2018 due to reduced output and an increase in global demand, a poll by Reuters showed on Thursday.

Thu, 28 Dec 2017 11:12:38 GMT

Oil prices reach new highs on Thursday

Oil prices were trading near two-year highs on Thursday, as a decline in US crude stocks put upward pressure on the commodity.

Thu, 28 Dec 2017 11:11:28 GMT

Austria's top judge criticises tougher measures on security, asylum

The Austrian Constitutional Court Chief Justice Gerhart Holzinger criticised the plan of the country's newly-formed government to implement tougher laws on asylum and security.

Thu, 28 Dec 2017 10:14:19 GMT

Taiwan says China's military activity causes regional instability

The Taiwanese President Tsai Ing-wen explained on Thursday that China's repeated military activity near the island caused regional instability.

Thu, 28 Dec 2017 10:13:29 GMT

China denies breaking UN sanctions with oil sales to North Korea

China explained on Thursday that it had complied with the latest UN sanctions and thus did not illicitly supply oil to North Korea.

Thu, 28 Dec 2017 08:52:19 GMT

French carmaker PSA to negotiate collectively over job cuts

France's carmaker PSA was looking upon adopting a process of collective bargaining with the company's workforce over coming job cuts in a bid to ease the process.

Thu, 28 Dec 2017 08:27:54 GMT

Japanese Nomura to start retail brokerage business in China

Nomura Holdings is waiting for allowance by China to open securities brokerages in the country and start serving wealthy Chinese, the Bank's CEO said.

Thu, 28 Dec 2017 08:27:30 GMT

18K Chinese officials perform badly in environment protection

More than 18K China's officials performed badly or failed to take action in the environment protection since 2016, the country's environmental inspection said.

Thu, 28 Dec 2017 07:29:43 GMT

China to temporary free foreign firms from provisional income tax

China's Finance Ministry stated that foreign companies' reinvested profits in China would temporary be freed from paying provisional income tax.

Thu, 28 Dec 2017 07:29:06 GMT

South Korea to limit cryptocurrency trading

South Korean government stated it would impose extra measures in an attempt to regulate speculation within cryptocurrency trading in the country.

Thu, 28 Dec 2017 06:17:14 GMT

Indonesian headline inflation growth seen at yearly 3.4% in December

The Indonesian Consumer Price Index is likely to increase slightly 3.4% year-over-year in December, compared 3.3% in the prior month, remaining within the Bank Indonesia target range.

Thu, 28 Dec 2017 06:17:04 GMT

Mitsubishi Materials striving for market share leads to data falsification

Mitsubishi Materials stated that a push to increase market share caused a falsification of the subsidiary's products data, including parts for automobiles and aircraft.

Thu, 28 Dec 2017 05:01:28 GMT

China's Commerce Ministry disappointed at EC probe into e-bikes

The Chinese Commerce Ministry stated that it was disappointed at the decision of the European Commission to probe into China's electronic bicycles' exporters.

Thu, 28 Dec 2017 05:01:03 GMT

Reis: US vacancy rate rises slightly in Q4

The US apartment vacancy edged higher to 4.5% in the fourth quarter, following 4.4% in the Q3, as supply surpassed demand, the Reis report showed.

Thu, 28 Dec 2017 04:17:50 GMT

Barclays anticipates £1B write-off from US tax reform

Barclays expected to take a write-off of nearly £1B on its yearly after-tax profit as a consequence of the tax overhaul in the US, the Bank said.

Thu, 28 Dec 2017 04:17:39 GMT

Japan industrial output grows on strong demand in November

Japan's industrial production increased more than anticipated in November, with companies expecting further gains, as strong overseas demand keeps supporting factory activity.

Thu, 28 Dec 2017 03:14:48 GMT

US accepts delayed $593M fighter jet sale to Nigeria

The US formally accepted selling of 12 fighter planes and weapons for $593M to Nigeria, pointing to the recovery of a deal halted by the Obama administration.

Thu, 28 Dec 2017 03:12:08 GMT

BoJ board members to debate on ETF purchases, rates

Some of the Bank of Japan's board members called for debates over interest rate hikes or diminishing purchases of ETF in response to brighter outlook.

Wed, 27 Dec 2017 21:14:31 GMT

One dead and many injured in South Iceland bus accident

A serious bus accident took place in South-Iceland on Wednesday, where according to the police, one passenger died and many were seriously injured.

Wed, 27 Dec 2017 21:10:35 GMT

UPS says holiday season package returns to hit new record

United Parcel Service Inc. delivered almost all of people's presents by Christmas Day, with the company finishing strong after a bruising late November.

Wed, 27 Dec 2017 20:16:56 GMT

Prosecutors seek 12-year prison term for Samsung heir Lee Jae-yong

South Korean prosecutors on Wednesday demanded a 12-year prison term for Samsung's jailed billionaire heir, Lee Jae-yong, who maintained his innocence during an appeal of his conviction on bribery.

Wed, 27 Dec 2017 20:11:11 GMT

Ukraine and pro-Russian rebels swap hundreds of prisoners

Ukraine and pro-Russian rebels began a landmark prisoner swap on Wednesday, marking the largest such deal since the armed conflict in eastern Ukraine broke out in 2014.

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