News

Note: This section contains information in English only.
Mon, 30 Jul 2018 07:38:21 GMT

Two Chinese companies bid for Manuka Health

Two China companies bid for the New Zealand honey producer Manuka Health, valuing the firm about $300M, sources reported on Monday.

Mon, 30 Jul 2018 06:29:51 GMT

Swatch leaves annual Baselworld watch trade fair

According to the NZZ am Sonntag newspaper's report on Sunday, Swatch Group, the Swiss watch maker, is set to quit the annual Baselworld jewellery and watch trade fair starting from 2019.

Mon, 30 Jul 2018 06:29:00 GMT

Oerlikon agrees on its drive systems unit sale

On Monday, OC Oerlikon stated it had agreed on a sale of its drive systems segment to the US engineering firm Dana in a deal valued at £460.2M, after the Swiss firm had shelved a scheduled listing of the unit.

Mon, 30 Jul 2018 04:54:04 GMT

Swiss Mirelis to pay $10.25M to avoid US prosecution

According to the US Justice Department, Swiss financial and asset management company Mirelis Holding is set to pay $10.25M to the US to avoid possible prosecution for the tax-related criminal offenses.

Mon, 30 Jul 2018 04:53:51 GMT

France's SNCF has no plans for job cuts

SNCF, France's state railway monopoly, is not considering job cuts, following a report of €762M net loss in the year's first half, the firm's CEO stated.

Mon, 30 Jul 2018 04:35:59 GMT

NYC seeks to halt ride-sharing services

The City Council is seeking to make New York the first US city to halt Uber and other similar services, triggering protests from the ride-sharing companies.

Mon, 30 Jul 2018 04:35:02 GMT

France's CNP names new interim CEO

France's insurer CNP Assurances appointed Antoine Lissowski as a new interim Chief Executive to replace his predecessor Frederic Lavenir, who has resigned earlier this month.

Mon, 30 Jul 2018 02:31:52 GMT

Beijing to close 1K manufacturing comppanie by 2020

China's capital Beijing is set to close around 1K manufacturing firms by 2020 within a program targeting curbing smog and boosting income in neighbouring regions, state media stated.

Mon, 30 Jul 2018 02:28:06 GMT

China's factory growth cools slightly last month

Growth in the Chinese factory sector is anticipated to be slowed for a second month in a row in July due to softer domestic investment and the worsening trade war with the US clouding the outlook for external demand.

Sun, 29 Jul 2018 19:55:03 GMT

Iranian Rial weakens against US Dollar amid sanction expectations

The exchange rate of the Iranian Rial against the US Dollar reached a new low this Sunday in response to the upcoming US sanctions against Iran effective as of August 7.

Sun, 29 Jul 2018 19:54:23 GMT

Emaar Malls report 8% profit increase in H1 2018

Emaar Malls reported on Sunday that their profits rose 8% to $300M during the first half of 2018, compared to the same period in 2017, due to more visitors and boosted online sales.

Sun, 29 Jul 2018 19:15:50 GMT

Kuwait's CMA approves AI Imtiaz Investment Group merger plans

The Capital Markets Authority of Kuwait has approved a merger between two subsidiaries of AI Imtiaz Investment Group in which the company has 68.05% and 68.62% stake.

Sun, 29 Jul 2018 19:14:53 GMT

Bank clients in Finland experience payment card issues

The payment company Nets reported that clients of several Finnish banks experienced problems with payments cards on Sunday which were caused by a network issue.

Sun, 29 Jul 2018 17:53:44 GMT

Saudi Telecom reports higher net income in Q2Y2018

Saudi Telecom Company reported a 3.74% increase in net profit during the second quarter of 2018 due to improved operational efficiency and cost optimisation.

Sun, 29 Jul 2018 17:53:22 GMT

CPP claims victory in general election

A spokesperson from the ruling Cambodian People's Party said on Sunday that the party had won the general election with around 80% of all the votes.

Sun, 29 Jul 2018 17:10:26 GMT

Investors see economic growth, strong Dollar as US advantage

Investors believe that the financial advantage of the US stock market over global equities in 2018 is dependent on the US showing solid economic growth and having strong currency.

Sun, 29 Jul 2018 17:09:20 GMT

Mnuchin says strong US economic growth should persist

According to the US Treasury Secretary Steven Mnuchin, the solid growth pace of the US economy reported in Q2Y2018 should persist for four to five years.

Sun, 29 Jul 2018 15:56:03 GMT

Turkey prepares to stand up to US

The President of Turkey on Sunday revealed that his country is preparing to stand firmly against any sanctions that would be put on the country by the US.

Sun, 29 Jul 2018 15:55:21 GMT

Trump threatens government shutdown

The President of the US on Sunday announced that he would permit a federal government shut down Democrats do not back changes in immigration laws.

Sun, 29 Jul 2018 14:52:35 GMT

Cambodian elections show first results

As vote counting occurred on Sunday in the Cambodian elections, it was clear that the Prime Minister Hun Sen will remain in his position.

Sun, 29 Jul 2018 14:52:25 GMT

Mali voters go to polls on Sunday

Citizens of Mali on Sunday voted in a poll, which will decide whether the residing President will be given a second term.

Sun, 29 Jul 2018 14:08:36 GMT

Saudis reassure their Arab allies

On Sunday, as US representatives pushed for a Middle East plan for peace, Saudi Arabian officials assured their allies that they will not back certain issues that favour Israel.

Sun, 29 Jul 2018 14:07:47 GMT

Mugabe backs opposition

The former dictator of Zimbabwe on Sunday announced that he will vote for the opposition party in the election on Monday.

Sun, 29 Jul 2018 12:55:05 GMT

De Beers to finalise purchase of Canada's Peregrine Diamonds

De Beers is seeking to finalise the purchase of Canada's diamond project Peregrine Diamonds within the next two months, in its first acquisition of upstream diamonds since 2000.

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