News

Note: This section contains information in English only.
Fri, 03 Nov 2017 04:30:47 GMT

Starbucks diminishes profit expectations

Starbucks announced that the company trimmed its profit forecasts and posted weak quarterly sales, after being squeezed by competitors, including low-price McDonald's.

Fri, 03 Nov 2017 03:02:30 GMT

China's services sector expands modestly in October

Chinese services PMI picked up slightly to 51.2 points in October, indicating the subdued growth in new orders and weaker activity in the reported period.

Fri, 03 Nov 2017 03:01:04 GMT

Australian retail sales flat in September

The Australian Bureau of Statistic said that the country's retail sales were unchanged in September, as consumers curbed spending due to high utility bills and stagnant pay growth.

Thu, 02 Nov 2017 17:18:22 GMT

US Ryan says tax plan to create better climate for business

The US House Speaker Paul Ryan said on Thursday that the Republican tax plan was set to create a better climate for the country's businesses.

Thu, 02 Nov 2017 17:17:00 GMT

Iceland's President wants Left-Greens leader to form government

On Thursday, the President of Iceland asked the Left-Green Movement leader Katrín Jakobsdóttir to form a new parliament.

Thu, 02 Nov 2017 16:25:57 GMT

US natural gas supplies up 65B cubic feet last week

According to the data released by the US Energy Information Administration, the domestic natural gas supply increased by 65B cubic feet in the week ended October 27.

Thu, 02 Nov 2017 16:24:13 GMT

US unit labour costs in line with expectations

The US Bureau of Labour Statistics said unit labour costs in the non-farm business sector were up 0.5% in the third quarter of 2017, matching analysts' forecasts.

Thu, 02 Nov 2017 15:34:46 GMT

US worker productivity jumps in Q3

The Labour Department stated that the US nonfarm productivity accelerated gains at 3.0% yearly rate, the fastest pace in three years, while overall growth trend remained moderate.

Thu, 02 Nov 2017 15:33:44 GMT

Audi to recall 5K cars for emissions software fix

Audi is likely to recall 5K diesel cars in Europe to fix an emissions control software, as the company discovered the cars emitted too much of nitrogen oxide.

Thu, 02 Nov 2017 14:20:15 GMT

TripAdvisor to provide food delivery service in Europe

TripAdvisor is expected to offer food delivery in nine EU countries under the companies' deal with Takeaway.com, the Dutch online food delivery firm.

Thu, 02 Nov 2017 14:19:18 GMT

Bank of England raises rates to 0.50%

The Bank of England made an key interest rate hike to 0.50% from 0.25%, suggesting further increases to be gradual, mainly driven by the outcome of Brexit talks.

Thu, 02 Nov 2017 13:18:01 GMT

Alibaba's Q3 revenue beats estimates

Alibaba delivered outstanding Q3 results on Thursday, beating the forecasts with a 61% revenue jump, driven by the continuing e-commerce growth.

Thu, 02 Nov 2017 12:57:57 GMT

US initial jobless claims drop 5K last week

The number of applications for US unemployment benefits fell 5K to 229K in the week ending October 28, missing expectations for a 235K surge.

Thu, 02 Nov 2017 12:04:59 GMT

Germany posts 113% jump in refugees in two years

The number of asylum seekers in Germany surged 113% to 1.6M in the past two years, with most refugees fleeing Afghanistan, Syria and Iraq.

Thu, 02 Nov 2017 12:04:16 GMT

Shell Q3 profit exceeds expectations

Shell posted a forecast-beating 47% jump to $4.1B in its Q3 profit on Thursday, boosted by gains in oil refining and trading operations.

Thu, 02 Nov 2017 11:01:13 GMT

Credit Suisse chief says Bitcoin's anonymity poses challenge to banks

The CEO of Credit Suisse Tidjane Thiam said on Thursday that that the digital cryptocurrency Bitcoin presented challenges to banks, especially in terms of anti-money laundering.

Thu, 02 Nov 2017 10:55:30 GMT

Bitcoin surges above $7000 on Thursday

The digital cryptocurrency Bitcoin reached an all-time high of $7000 on Thursday, thus increasing its value seven times since the beginning of 2017.

Thu, 02 Nov 2017 10:22:08 GMT

China's FinMin Xiao Jie expected to resign

The Finance Minister of China Xiao Jie is likely to resign from his post over the following months, following the promotion to the senior Communist Party job.

Thu, 02 Nov 2017 10:02:31 GMT

German unemployment slides 11K in September

The number of unemployed Germans fell 11K in September, exceeding analysts' expectations for a 10K drop, and compared to the prior month's downwardly revised fall of 22K.

Thu, 02 Nov 2017 09:24:55 GMT

Turkey buys Russia's S-400 air defence missiles for $2B

According to the TASS news outlet, Turkey has bought the advance S-400 air defence missile systems from Russia for more than $2B, raising concerns in the United States.

Thu, 02 Nov 2017 09:20:46 GMT

SoftBank secures $23.3B refinancing for ARM, Sprint buys

SoftBank announced on Thursday it had secured a $23.3B top loan deal to refinance the acquisition loans for the UK chip designer ARM and US telecommunication firm Sprint.

Thu, 02 Nov 2017 08:22:08 GMT

Etihad to halt flights to Dallas-Fort Worth in 2018

On Thursday, Etihad Airways announced that it would end the Dallas-Fort Worth route the next year, following American Airlines' decision to halt a codeshare deal between the two carriers.

Thu, 02 Nov 2017 07:59:23 GMT

Samsung Electronics appoints Roh as new CFO

Samsung Electronics named Roh Hee-chan as the company's new Chief Financial Officer to replace the ex-CFO Lee Sang-hoon, putting Roh in charge of a $68B corporate cash pile.

Thu, 02 Nov 2017 07:33:33 GMT

Ousted Pakistani PM to face trial in corruption probe

The ousted Pakistani Prime Minister Nawaz Sharif is set to face trial over the corruption allegations, linked to the London properties that his family owns.

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