News

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Mon, 22 Apr 2019 18:01:46 GMT

Samsung plans to delay Galaxy Fold smartphone release

Samsung Electronics Ltd announced on Monday that it would delay the release of its Galaxy foldable handset after reviewers reported defective samples.

Mon, 22 Apr 2019 18:01:37 GMT

Cain withdraws from Fed consideration

On Monday, the US President Donald Trump announced that Herman Cain has withdrawn from the consideration for a position on the US Federal Reserve board of governors.

Mon, 22 Apr 2019 16:26:31 GMT

Oil price rises amid US stance on Iran

Crude oil prices rose by 2.9% on Monday, reaching $65.87 per barrel, as the US announced its plans to revoke waivers on import of Iranian oil.

Mon, 22 Apr 2019 16:23:37 GMT

Kraft Heinz to replace CEO

Kraft Heinz stated on Monday that it would replace its current CEO Bernardo Hees with the Anheuser-Busch InBev's head of marketing Miguel Patricio.

Mon, 22 Apr 2019 15:23:05 GMT

US house sales drop in March

The National Association of Realtors reported on Monday that sales of houses in the US dropped by 4.9% in March, which is 1.1% more that the experts' forecasts.

Mon, 22 Apr 2019 15:19:49 GMT

Turkey slams US attitude towards Iranian oil

The Foreign Minister of Turkey Mevlut Cavusoglu stated on Monday that a decision made by the US to revoke waivers on imports of Iranian crude oil would not benefit regional stability.

Mon, 22 Apr 2019 13:54:56 GMT

Nissan to reject Renault's integration proposal

Nissan Motor is set reject management's integration proposal from France's partner Renault and is likely to call for the equal capital relationship.

Mon, 22 Apr 2019 13:54:51 GMT

Malaysia's CPI growth rebounds to 0.3%

Malaysian consumer prices were expected to edge higher 0.3% year-on-year in March, rebounding after two months of deflation, a Reuters poll revealed.

Mon, 22 Apr 2019 13:21:08 GMT

Bytedance to launch music streaming application

Bytedance, the Chinese firm behind short-video platform TikTok, announced plans to launch a music streaming application similar to Spotify.

Mon, 22 Apr 2019 13:20:36 GMT

Chinese reform individual income tax fuels consumption

The Chinese individual income tax reform is expected to boost spending nearly $107.2B, facilitating the country's economic growth.

Mon, 22 Apr 2019 12:27:38 GMT

Davutoglu slams ruling AK party

The ex-Prime Minister of Turkey Ahmet Davutoglu on Monday slammed Erdogan's AK Party, saying that the alliance with the nationalists and policy changes resulted in unsatisfactory performance in local elections.

Mon, 22 Apr 2019 12:24:07 GMT

US Warren proposes to cancel student loan debts

The US Democratic Senator and presidential candidate Elizabeth Warren stated on Monday that the government should cancel student loan debts and make the higher education cheaper.

Mon, 22 Apr 2019 11:17:03 GMT

Iran to resist US attack on its oil market

The Tasnim news agency, citing a government source, stated on Monday that the US attempt to undermine Irian oil business would fail, as the country was ready for any development of events.

Mon, 22 Apr 2019 11:14:11 GMT

Bed Bath & Beyond selects new board

On Monday, the US chain of retail stores Bed Bath & Beyond Inc has selected five new members of the board, thus replacing old directors, including co-founders Leonard Feinstein and Warren Eisenberg.

Mon, 22 Apr 2019 10:13:58 GMT

US to recall Iran oil waivers

According to sources familiar with the matter, the United States is expected to stop previously giving indulgences on imports of Iranian oil without facing sanctions.

Mon, 22 Apr 2019 10:10:27 GMT

Congressman Moulton joins presidential race

The Democratic Congressman from Massachusetts and war veteran Seth Moulton has joined the 2020 presidential race, the NBC reported on Monday.

Mon, 22 Apr 2019 09:45:56 GMT

Saudis' Al Rajhi Bank to increase mortgage lending

Al Rajhi Bank, the biggest Islamic lender of Saudi Arabia, is set to increase mortgage lending with more affordable housing coming into the market.

Mon, 22 Apr 2019 07:58:27 GMT

Netflix to strengthen marketing operations in NY

Netflix is set to build out the company's marketing operations in New York with the expansion of Manhattan office staffed by production developers, marketers and content executives.

Mon, 22 Apr 2019 07:58:04 GMT

Chinese power use grows 7.5% in March

The Chinese electricity consumption grew 7.5% year-over-year in March, reaching the total power use of 573.2B kWh in the reported month, according to the NEA.

Mon, 22 Apr 2019 07:30:57 GMT

CNPC overseas equity gas, oil production up 10%

Overseas equity of gas and oil output of CNPC grew 10% year-over-year in the first quarter of this year, the Chinese larges gas ang oil producer stated.

Mon, 22 Apr 2019 06:57:15 GMT

OMV Petrom accepts €876.8M investment budget

The shareholders meeting of Romania's oil and gas company OMV Petrom approved €876.8M investment budget, the firm informed.

Mon, 22 Apr 2019 06:57:08 GMT

Walmart to open Sam's Club stores in China

Walmart announced plans to open 40 of the company's high-end Sam's Club stores in China by 2020 as it keeps expanding its retail footprint.

Mon, 22 Apr 2019 06:07:35 GMT

Uzbeks spend more than $100M on foreign vehicles

Uzbekistan imported vehicles worth $106.4M in the first quarter, almost 2.2 times more than in the Q1 of the last year, Uzbek media reported.

Mon, 22 Apr 2019 06:06:08 GMT

Dubai economic growth to accelerate this year

Dubai's economy is anticipated to grow at a stronger pace of 2.1% this year, outpacing the prior year's levels and expanding further 3.8% in 2020.

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