News

Note: This section contains information in English only.
Fri, 15 Dec 2017 11:49:53 GMT

India lifts import tax on electronic products

India has raised the import tax on the electronic devices such as cellphones and TV sets from 10% to 15%, in an effort to curb overseas' supplies and boost the domestic industry.

Fri, 15 Dec 2017 11:49:42 GMT

Russian ex-Minister Ulyukayev found guilty of taking bribe

On Friday, Russia's Court found the former Minister of Economy Alexei Ulyukayev guilty of accepting a bribe from the Rosneft CEO Igor Sechin.

Fri, 15 Dec 2017 10:27:41 GMT

Ryanair to recognise pilot unions to stop strike

Ryanair was planning to recognise pilot unions in a bid to halt the first strike in the company's history, saying it would bring a radical change to the Irish airline's structure.

Fri, 15 Dec 2017 10:20:03 GMT

Juncker sees Brexit talks' second phase harder than first

The EU Commission President Jean-Claude Juncker considers that the second phase of the Brexit talks will be harder than the first phase, which has been a difficult one.

Fri, 15 Dec 2017 09:28:19 GMT

Singapore expects export growth to slow down

According to the Reuters poll, Singapore's exports growth is seen to have dropped in November, driven by the prior year's high base effect and a slowdown in electronics sales.

Fri, 15 Dec 2017 09:14:26 GMT

Russia announces Presidential election date

On Friday, the Russian Parliament's Upper House had set March 18 as the Presidential election date in the following year that was approved by the senators unanimously.

Fri, 15 Dec 2017 08:34:33 GMT

Ford shows high demand for SUVs

Ford's CEO Jim Hackett stated on Thursday that the carmaker was reviewing its products, following a strong rise in the consumer demand for its sports utility vehicles.

Fri, 15 Dec 2017 08:32:07 GMT

Go-Jek buys three firms to bolster payment services

The Indonesian company Go-Jek acquired three fin-tech businesses amid expansion from the ride-hailing services into payments, the firm announced on Friday.

Fri, 15 Dec 2017 07:24:18 GMT

Uber Eats to offer insurance package in Europe

Uber's food-delivery service Uber Eats said it would start offering an insurance package with AXA to all its European couriers.

Fri, 15 Dec 2017 07:17:32 GMT

Airbus announces top management shake-up

On Friday, the Toulouse-based aeronautical corporation Airbus announced its top management shake-up on the back of a long-lasting turmoil in the company.

Fri, 15 Dec 2017 06:29:57 GMT

China: people have more rights than ever

Following concerns over the deterioration of human rights in China, the country published a report stating that its citizens have more civil and political rights than ever before.

Fri, 15 Dec 2017 06:29:17 GMT

South Korea's Vice FM: ties with China to bring back tourists

On Friday, the Vice Finance Minister of South Korea said he expected strengthening ties with Beijing to boost South Korea's economic growth thanks to greater influx of tourists.

Fri, 15 Dec 2017 05:33:57 GMT

China: North Korea crisis must be resolved through talks

At a meeting with his South Korean counterpart Moon Jae-in, the Chinese President Xi Jinping said that the North Korean crisis must be resolved through negotiations rather than war.

Fri, 15 Dec 2017 05:29:47 GMT

Kuczynski not to step down on Odebrecht scandal

Late on Thursday, the President of Peru said he would not step down amid the scandal involving Odebrecht's payments to a company Kuczynski ran while holding public office 10 years ago.

Fri, 15 Dec 2017 04:29:20 GMT

Britain's FM, BoE Governor head to China targeting trade deals

The UK is set to seal a $1.34B worth of investment and trade agreements with China over the weekend visit by the BoE Chief Mark Carney, FM Philip Hammond and senior executives.

Fri, 15 Dec 2017 04:28:23 GMT

Disney buys Fox TV, film units for $52B

Walt Disney struck a deal to buy TV, film and international business from 21st Century Fox for $52.4 in stock, to make it able to compete with growing rivals Netflix and Amazon.com.

Fri, 15 Dec 2017 03:00:01 GMT

Japan's manufacturers mood reaches 11-year high in Q4

Japan's business confidence strengthened for the fifth quarter in succession in Q4 to reach an 11-year high, as the economy gathered momentum from higher corporate profits and robust exports.

Fri, 15 Dec 2017 02:59:11 GMT

Trump talks over North Korea issue with Russia's Putin

The US President Donald Trump spoke by phone with Russian counterpart Vladimir Putin over the dangerous situation in North Korea and agreed on cooperation to resolve it.

Thu, 14 Dec 2017 20:58:14 GMT

Steinhoff's CEO to resign

The South African retail company Steinhoff said on Thursday that its major shareholder and CEO Christo Wiese was going to resign from his position.

Thu, 14 Dec 2017 20:57:25 GMT

Brazil to delay vote on social benefits until February

Brazil was to delay a bill intended to reduce social benefits until February 19, 2018, a representative from the country's Congress said on Thursday.

Thu, 14 Dec 2017 19:56:39 GMT

BoC Governor confident about Canada's economy

The Governor of the Bank of Canada Stephen Poloz noted on Thursday that the Canadian economy was close to its full potential, thus requiring less stimulus in the future.

Thu, 14 Dec 2017 19:56:18 GMT

Bank of Mexico raises interest rate to 7.25%

The Bank of Mexico increased its borrowing rate by 25 basis points to 7.25% on Thursday to reduce inflationary risks.

Thu, 14 Dec 2017 19:07:31 GMT

Teva Pharm to close plants and cut workforce to pay off debts

Teva Pharmaceutical has aimed to sell manufacturing plants, lay off at least 25% of its workforce and suspend dividends on ordinary shares to deal with its debts.

Thu, 14 Dec 2017 19:01:09 GMT

Value of Spotify hits $19B

The value of Spotify has inched 20% higher and reached $19B during the last few months ahead of filing for the NYSE listing, outperforming many European and US tech indexes.

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