News

Note: This section contains information in English only.
Sun, 24 Feb 2019 18:15:47 GMT

Iran reports successful missile launch

According to the IRNA news agency, Iran has successfully launched a cruise missile from submarine located in the Strait of Hormuz.

Sun, 24 Feb 2019 17:15:15 GMT

Trump hopes to reach a deal with China

On Sunday, the US President Donald Trump expressed a hope that negotiations with China over trade dispute would end with concrete results by the scheduled deadline on March 1.

Sun, 24 Feb 2019 17:10:33 GMT

May expects decision on Brexit deal by March 12

The British Prime Minister Theresa May pledged on Sunday that parliamentarians would be given a chance to vote on a renew Brexit deal by March 12.

Sun, 24 Feb 2019 16:15:48 GMT

Cubans vote on constitutional referendum

On Sunday, tens of thousands Cubans went to polling stations to participate in constitutional referendum, which presupposed liberalization of certain economic and social norms.

Sun, 24 Feb 2019 16:09:48 GMT

North Korea slams American critics

Ahead of the summit in Vietnam, North Korea called the US President Donald Trump to ignore various critics who are trying to obstruct normalisation of relations between the countries.

Sun, 24 Feb 2019 15:07:53 GMT

India diminishes tax over new home sales before general election

India announced the decision to cut in the goods and services tax charged over residential real estate under construction sales, as the government aims to stimulate the consumption-driven economy.

Sun, 24 Feb 2019 14:50:14 GMT

Saputo spreads into British market with $1.27B deal on Dairy Crest

Canada's Saputo is expected to enter the UK market for the first time after getting agreement to purchase food firm Dairy Crest for $1.27B.

Sun, 24 Feb 2019 14:10:52 GMT

Chinese cargo throughput up 9.1% in January

The Chinese cargo throughput increased 9.1% to around 1.14B tonnes in January compared with the same period in the prior year, official data revealed.

Sun, 24 Feb 2019 14:08:31 GMT

CNPC reports rapid business growth last month

China National Petroleum Corporation, the country's biggest oil and gas supplier and producer, reported rapid growth in both oil and non-oil business in the month of January.

Sun, 24 Feb 2019 13:31:03 GMT

Dubai tourism rises marginally last year, Chinese tourists up 12%

Gulf tourism hub Dubai was visited by 15.92M overnight tourists in 2018, up 0.8% from the prior year, official data revealed, with tourist numbers from China growing 12%.

Sun, 24 Feb 2019 13:28:25 GMT

Bank of Israel to keep rates at 0.25% amid low inflation

Israel's Central Bank is likely to hold the line over short-term interest rates for a second meeting in succession despite higher-than-anticipated inflation and economic expansion data.

Sun, 24 Feb 2019 12:33:28 GMT

Huawei to unveil 5G folding-screen phone

China's Huawei is expected to take the wraps off new phone with folding screen, joining the trend of bendable devices and challenging the global dominant players, Samsung and Apple.

Sun, 24 Feb 2019 12:31:32 GMT

Microsoft, ExxonMobil partner for cloud tech use

ExxonMobil, the biggest publicly traded oil and gas firm, stated that a new cooperation with Microsoft is likely to make Permian Basin operations the largest oil and gas acreage to use cloud technologies.

Sun, 24 Feb 2019 10:53:26 GMT

Deutsche Telekom sees solid growth in US, Europe

Deutsche Telekom reported strong expansion in the United States and Europe for the year of 2018, as the company's revenues grew 1.0% to $75.7B.

Sun, 24 Feb 2019 10:53:16 GMT

Eldorado Gold to rise gold output to over 500K

Canadas Eldorado Gold reported that the company was ready to increase yearly production to more than 500K in 2020, supported by the Klada gold mine restart in Turkey and the Lamaque project coming online in the home country.

Sun, 24 Feb 2019 10:17:54 GMT

Vitol anticipates oil prices to rally

The world's biggest energy trader Vitol stated that oil prices are likely to rally further, as OPEC production cuts and the US sanctions on Venezuela and Iran cause a the low-quality heavy crudes' shortage refiners rely on.

Sun, 24 Feb 2019 10:04:18 GMT

KKR, BlackRock to invest in ADNOC pipeline unit

BlackRock and KKR & Co are likely to invest $4B in Abu Dhabi National Oil Company's pipeline network, the first infrastructure partnership by a Middle East state-run oil firm and institutional investors.

Sun, 24 Feb 2019 09:27:04 GMT

US networking company to acquire Netcomm Wireless

Australian networking solutions solutions Netcomm Wireless is expected to be acquired by Casa Systems based in the US for $161M.

Sun, 24 Feb 2019 09:21:17 GMT

First Solar reports net sales above $2.2B in 2018

The US photovoltaic solutions supplier First Solar released the company's fourth quarter and full-year financial results for the last year, showing that net sales for stood at over $2.2B, with $691M coming from the final quarter.

Sun, 24 Feb 2019 07:28:12 GMT

Roche nears $5B deal to buy Spark Therapeutics

Swiss drugmaker Roche was nearing a $5B worth deal to acquire the US biotechnology company Spark Therapeutics, the WSJ reported, citing sources familiar with the matter.

Sun, 24 Feb 2019 07:02:24 GMT

British retailers curb investment plans before Brexit

The UK retailers announced plans for the least investment in seven years ahead of the quit from the European Union, while job cuts in the sector gathered pace, a survey revealed.

Sun, 24 Feb 2019 06:24:47 GMT

Taiwan export orders decline 6% in January

Taiwan's export orders fell to $40.49B in January, which was 6% down from the same period in the prior year and 6.7% from December, according to the country's economic authority.

Sun, 24 Feb 2019 06:19:12 GMT

Budget deficit of Philippines widens to more than $10B in 2018

The budget deficit of the Philippines widened to $10.7B or 3.2% of GDP in 2018, slightly exceeding the 3% target, data released by the BTr revealed.

Sun, 24 Feb 2019 04:13:08 GMT

India outlines new e-commerce policy

On Saturday, the Indian government proposed a new policy for its e-commerce sector, with a focus on data localisation.

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