News

Note: This section contains information in English only.
Mon, 20 Nov 2017 12:18:51 GMT

France to isolate itself from hostile takeovers

France's Prime Minister Edouard Philippe stated that the government was eager to protect its national corporate leaders against any hostile takeovers.

Mon, 20 Nov 2017 12:07:05 GMT

Merkel, German President to hold meeting on Monday

The German Chancellor Angela Merkel is set to meet the country's President Frank-Walter Steinmeier at 1330GMT this Monday, to inform him on events after the German coalition talks had failed.

Mon, 20 Nov 2017 10:55:26 GMT

Oil remains steady on Monday prior to OPEC meeting

Oil prices were steady on Monday, as traders were unwilling to open new positions prior to OPEC meeting scheduled for November 30.

Mon, 20 Nov 2017 10:53:27 GMT

Porsche, Axel Springer join forces to support digital ideas

The German car manufacturer Porsche AG and the media company Axel Springer SE are to establish a joint start-up accelerator with the aim to support new digital business ideas.

Mon, 20 Nov 2017 10:05:08 GMT

Suspicious package found at US consular office in Zurich

According to the Swiss police and the Blick newspaper, a suspicious package had been found at the entrance of the US consular office in Zurich on Monday, causing building evacuation.

Mon, 20 Nov 2017 09:55:49 GMT

Merkel repeals news conference with PM Rutte

The Chancellor Angela Merkel cancelled the scheduled news conference with the Dutch Prime Minister Mark Rutte on Monday, following a collapse of the German coalition talks.

Mon, 20 Nov 2017 08:56:32 GMT

Pinera beats its rival in Chile election's first round

On Sunday, Sebastian Pinera won the first round of Chile's Presidential election, beating the centre-left Senator Alejandro Guillier with 36.6% of votes, 13.9% more than his rival candidate.

Mon, 20 Nov 2017 08:55:31 GMT

Cambodia opposition steps down from posts after ban

Elected officials of the Cambodian banned opposition party began giving up their posts, after the party was ordered dissolved by the Court, the government stated on Monday.

Mon, 20 Nov 2017 08:26:55 GMT

Marvell Tech buys Cavium for nearly $6B

Marvell Technology Group agreed to acquire a smaller peer Cavium for about $6B, as the chipmaker seeks expansion in the networking equipment sector.

Mon, 20 Nov 2017 07:33:44 GMT

North Korea's ICBM may reach US this year

According to the South Korean spy agency, North Korea might be able to develop an ICBM that could reach the US mainland this year.

Mon, 20 Nov 2017 07:30:22 GMT

Indonesian top official arrested over $170M state losses

Indonesia's anti-corruption agency took the Parliament speaker Setya Novanto into custody, following his arrest over the alleged links to the $170M state losses.

Mon, 20 Nov 2017 06:00:25 GMT

Alibaba to invest $2.87B in Sun Art Retail Group

In an attempt to continue its offline retail push, Alibaba said it would invest around $2.87B in China's leading hypermarket operator Sun Art Retail Group.

Mon, 20 Nov 2017 05:59:32 GMT

Duterte leaves open pit mining ban in place

The President of the Philippines Rodrigo Duterte decided to leave the open pit mining ban in place, going against the Environment Minister who sought to reverse the policy.

Mon, 20 Nov 2017 05:21:09 GMT

Japanese government and BoJ to cooperate to overcome deflation

Japan's Prime Minister Shinzo Abe said the country's government and the Bank of Japan were ready to work together in order to overcome deflation.

Mon, 20 Nov 2017 05:20:22 GMT

Merkel fails to form coalition

On Monday, the German Chancellor Angela Merkel said her attempts to form a three-party coalition had failed but added she would do everything to make sure "the country is well managed".

Mon, 20 Nov 2017 04:23:06 GMT

Alibaba to buy 36.2% Sun Art for $2.9B

Internet major Alibaba stated that it is set to buy aggregate indirect and direct stake of 36.16% in Sun Art, Chinese top hypermarket operator, for a total $2.9B.

Mon, 20 Nov 2017 04:21:56 GMT

Toshiba shares fall on plan to issue $5.4B in new shares

Shares of Toshiba dropped nearly 5%, after the company announced that it plans to raise $5.4B from new shares' sale in a crucial step allowing to remain publicly traded.

Mon, 20 Nov 2017 02:54:28 GMT

Japan's exports grow 14% in October

Japanese exports marked a 14% yearly increase in October, after a 14.1% gain in the prior month, suggesting the country's economic recovery would continue in the Q4.

Mon, 20 Nov 2017 02:53:34 GMT

Goldman Sachs expects four Fed's rate hikes in 2018

Goldman Sachs stated that it anticipated the tight US job market and normal inflation prospective to lead the Fed to make four interest rate increases next year.

Sun, 19 Nov 2017 21:57:48 GMT

Israel reveals covert contacts with Saudi Arabia

Israel has covert contacts with Saudi Arabia amid concerns over Iran, the Energy Minister Yuval Steinitz says.

Sun, 19 Nov 2017 21:56:39 GMT

Zimbabwe's Mugabe does not resign in TV address

The Zimbabwean President Robert Mugabe has not announced resignation in the much anticipated televised address to the nation.

Sun, 19 Nov 2017 21:12:25 GMT

Nearly 70 countries agree to participate in Beijing expo 2019

Nearly 70 countries and organizations agreed to participate in the International Horticulture Exhibition 2019 in Beijing, the organizing committee says.

Sun, 19 Nov 2017 21:11:39 GMT

US destroyer collides with tug boat

A US guided missile destroyer collided with a Japanese commercial tug boat in Sagami Bay but sustained minimal damage, local media reports.

Sun, 19 Nov 2017 19:18:03 GMT

China approves projects worth $10B in October

The National Development and Reform Commission approved 16 fixed-asset investment projects with total investment of around $10B in October.

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