News

Note: This section contains information in English only.
Fri, 08 Jun 2018 07:18:32 GMT

Lumentum says CFO Tachibana leaves company

On Thursday, Lumentum Holdings, the optical component producer, stated that Aaron Tachibana, its Chief Financial Officer, had stepped down from his position after three years being in the role.

Fri, 08 Jun 2018 07:09:47 GMT

Thyssenkrupp considers full or partial exit from naval vessels business

Thyssenkrupp, the German conglomerate, is considering selling a part or an entire of its naval vessels business that is a part of the company's Marine Systems unit, sources familiar with the issue stated.

Fri, 08 Jun 2018 06:37:33 GMT

China's TCL presents high-class Blackberry smartphone in US

On Thursday, China's electronics manufacturer TCL Group has launched a high-class Blackberry smartphone in the United States, touting privacy and security features to differentiate it from other phones.

Fri, 08 Jun 2018 06:30:05 GMT

Google introduces ban on its AI tech use in weapons

On Thursday, Alphabet's Google stated it would not allow the use of its artificial intelligence technology in weapons or any unreasonable surveillance efforts amid the company's new standards for the nascent field's business decisions.

Fri, 08 Jun 2018 05:02:17 GMT

JAMA criticizes US tariff initiative

In light of bilateral trade talks, Japan's automakers association (JAMA) slammed the initiative expressed by the United States to increase tariffs on Japanese auto exports.

Fri, 08 Jun 2018 05:02:10 GMT

Trump, Abe work to resolve trade issues

The US President Donald Trump stated on Thursday that he and the Prime Minister of Japan Shinzo Abe were working closely to find solution to various trade issues between the two countries and will continue this work in future.

Fri, 08 Jun 2018 04:18:58 GMT

Oil prices remain stable amid Venezuelan problems

Crude oil prices surged only by 9 cents on Friday morning, reaching $66.04 a barrel, as investors looked at Venezuela's problem to fulfil its supply obligations.

Fri, 08 Jun 2018 04:18:30 GMT

China's trade surplus with US increases in May

According to customs data revealed on Friday, despite tense relations and fears of a new trade war China's trade surplus with the US expanded from $22.15B in April to $24.58B in May.

Fri, 08 Jun 2018 03:31:37 GMT

Trump cooperating with Abe to enhance US-Japan ties

Donald Trump stated after negotiations with Japan's Prime Minister Shinzo Abe that the leaders were working together to enhance trading relations and that the PM promised new investment in the US.

Fri, 08 Jun 2018 03:27:28 GMT

China's Ant Financial raises $14B in funding round

Ant Financial, the operator of the largest online payment platform in China, stated that it raised around $14B from investors, such as US private equity firm Warburg Pincus and Singapore's sovereign fund.

Fri, 08 Jun 2018 02:38:04 GMT

Japan current account surplus at ¥1.89T in April

Japan's Ministry of Finance reported that the country's current account surplus was at ¥1.89T in April, following a ¥1.77T surplus in the prior month and missing estimate for a ¥2.10T reading.

Fri, 08 Jun 2018 02:32:54 GMT

Japan GDP at annual -0.6% in Q1

The Japanese economy contracted at a yearly rate of 0.6% in January-March, remaining unchanged from an estimate issued last month, revised GDP data from the Cabinet Office revealed.

Thu, 07 Jun 2018 19:41:38 GMT

US risks losing $20B in farm exports

The head of agricultural negotiations for the Office of US Trade Representative on Thursday announced that the US might lose more than $20B due to trade disputes.

Thu, 07 Jun 2018 19:41:26 GMT

Turkey stops filling Tigris dam

The authorities of Turkey ordered the halt of the filling of a dam on the Tigris river after Iraqi officials complained about water shortages.

Thu, 07 Jun 2018 19:03:33 GMT

Deutsche Bank wants to merge with Commerzbank

The Supervisory Board Chairman of Deutsche Bank has discussed with top shareholders a possible merging with the peer bank Commerzbank.

Thu, 07 Jun 2018 19:02:12 GMT

IMF and Argentinian deal is expected soon

The Treasury Minister of Argentina announced on Thursday that his country and the International Monetary fund are close to making a deal.

Thu, 07 Jun 2018 18:30:38 GMT

GM to sell new EV batteries to Honda

General Motors is expected to provide advanced batteries to Honda Motor, a move that would diminish costs of future electric cars at both auto producers after two years.

Thu, 07 Jun 2018 18:30:30 GMT

Waymo wants to bring self-driving taxi services to Europe

Waymo, the self-driving unit of Alphabet, hoped to bring the company's robo-taxi service to Europe, as it launches in the US later this year.

Thu, 07 Jun 2018 16:52:10 GMT

Ukraine adopts corruption law, aiming for more aid from IMF

The parliament of Ukraine passed a law to create a court specialised in corruption cases, the main step for the governemnt to get more IMF aid to tame an increasing sovereign debt burden.

Thu, 07 Jun 2018 16:51:32 GMT

McDonald's plans new round of layoffs

McDonald's was planning a fresh round of layoffs to level off the structure of the management further, the WSJ stated, citing an email sent to employees, franchises and suppliers of the company.

Thu, 07 Jun 2018 16:13:50 GMT

MiMedx replaces CFO, set to restate statements

MiMedx replaced the CFO and stated that it is set to restate financial statements for five years after an internal investigation into distribution and sales practices, sending shares 30% down.

Thu, 07 Jun 2018 16:12:43 GMT

Bank of Canada: debt, housing risks ease

The Bank of Canada stated that the vulnerabilities caused by household debt and the country's housing market eased due to higher interest rates, rising incomes and tighter mortgage rules.

Thu, 07 Jun 2018 13:18:00 GMT

Ride-hailing service Gett plans to attract $350M

According to Calcalist, the Israeli news website, the ride-hailing company Gett is seeking to raise $350M, in its second attempt to attract investors amid the company's relatively high valuation of $2.0B.

Thu, 07 Jun 2018 13:09:00 GMT

Ford to shut down Bordeaux factory in no buyer found

On Thursday, Ford is considering to shut down its Blanquefort gearbox factory in France's Bordeaux, if no buyer could be found, the US carmaker stated on Thursday.

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