News

Note: This section contains information in English only.
Wed, 26 Sep 2018 10:00:15 GMT

Iran comments on cheap oil and Trump

On Wednesday, the Oil Minister of Iran Bijan Zanganeh announced that, if Donald Trump wants cheap oil, he should stop interfering in the Middle East.

Wed, 26 Sep 2018 09:59:35 GMT

Finance jobs are not leaving UK

A recent survey published by Reuters revealed that only 630 financial jobs have left the United Kingdom due to Brexit.

Wed, 26 Sep 2018 09:38:46 GMT

China steel group Baowu seeks taking over Magang Group

Baowu Steel Group, the top China steelmaker, is in negotiations to acquire its rival Mangang Group in a deal that could potentially strengthen its position in the global steel market.

Wed, 26 Sep 2018 08:34:38 GMT

Funding Circle reduces price range for London IPO

On Wednesday, Britain's Funding Circle has cut its price range for the London initial public offering scheduled for October to 440-460 pence a share, valuing the company at about £1.5B.

Wed, 26 Sep 2018 08:27:44 GMT

Michael Kors takeover of Versace to create more jobs in Italy

Versace's creative director and designer Donatella Versace stated on Wednesday that the brand's takeover by Michael Kors would create more jobs in Italy.

Wed, 26 Sep 2018 07:27:32 GMT

Grab halts car-pooling at late-night hours in Singapore

The ride-hailing company Grab had to halt its operations in Singapore at late-night hours, as its drivers complain about many too drunk and argumentative passengers.

Wed, 26 Sep 2018 07:26:38 GMT

PAG launches $671M unsolicited takeover offer for Spring REIT

On Wednesday, Hong Kong's private equity firm PAG has launched a $671M unsolicited takeover offer for Spring REIT (Real Estate Investment Trust), sending its shares up over 30% on the news.

Wed, 26 Sep 2018 06:35:14 GMT

Deutsche Bank considers potential merging with UBS

Handelsblatt, Germany's business daily has reported on Wednesday that Deutsche Bank was thinking over a potential merger scenario with UBS, according to its sources.

Wed, 26 Sep 2018 06:31:51 GMT

CBS appoints Parsons as board's interim chairman

On Tuesday, CBS Corp has named the ex-Time Warner CEO Richard Parsons as its board's interim chairman on the back of the company's revived efforts to sign a merger deal with Viacom.

Wed, 26 Sep 2018 05:18:38 GMT

US imposes new sanctions against Venezuela

On Tuesday, the United Stated imposed new set of personal sanctions against Venezuelan officials, including the country's President Nicolas Maduro's wife and Vice President Delcy Rodriguez.

Wed, 26 Sep 2018 05:14:36 GMT

China calls to avoid Cold War mentality

At a meeting with Henry Kissinger on Tuesday, the Chinese State Councillor Wang Yi said that the United States and China are two competing nations, yet it should not transfer into a new Cold War.

Wed, 26 Sep 2018 04:22:28 GMT

France says EU has more important problems than Brexit

The Finance Minister of France Bruno Le Maire noted on Tuesday that the European Union has a lot of problems that are more important than decision of the United Kingdom to leave the union.

Wed, 26 Sep 2018 04:17:06 GMT

Le Maire calls French voters for patience

On Tuesday, the Finance Minister of France Bruno Le Maire asked French voters to wait at least for another year to see the results of reforms made by the country's President Emmanuel Macron.

Wed, 26 Sep 2018 03:23:50 GMT

Asian oil deficit to extend by 2025

Asia's oil deficit is expected to widen to 35M bpd by 2025, up nearly 30% from the current 27M bpd, an executive at France's oil and energy group Total stated.

Wed, 26 Sep 2018 03:21:33 GMT

US firms' borrowing for equipment grows 14%

Borrowing by the US companies for spending on capital investments increased 14% year-over-year in the month of August, a group representing equipment majors said.

Wed, 26 Sep 2018 02:33:38 GMT

China to develop sharing economy, e-commerce to create more jobs

The Chinese state planner stated that it is likely to promote the development of sharing economy and e-commerce to create encourage job creation.

Wed, 26 Sep 2018 02:30:18 GMT

Nike profit tops estimates in Q1

Nike reported that its profit topped target in the first quarter, though a small increase in gross margins and unchanged 2019 forecast were not enough for investors, sending shares 4% down.

Tue, 25 Sep 2018 20:50:18 GMT

Zimbabwe reports highest cotton output

Zimbabwe's cotton output in 2018 increased to 130,000 tonnes from 70,000 tonnes the previous year, the highest level in 5 years, a data published by the Farmers Voice show.

Tue, 25 Sep 2018 20:49:42 GMT

Chinese FM: China-US relations need healthy development

The healthy and stable development of China-US relations are critical to both nations, the Chinese State Councilor and Foreign Minister Wang Yi says.

Tue, 25 Sep 2018 19:58:28 GMT

Novartis to cut 2,200 Swiss jobs

The Swiss pharmaceutical giant Novartis plans to cut around 2,200 jobs in Switzerland over the next four years to improve operational efficiency, the company says in a statement.

Tue, 25 Sep 2018 19:57:50 GMT

China opposes US arms sales to Taiwan

The US arms sales to Taiwan violate the fundamental principles of international law and relations, the Foreign Ministry spokesperson Geng Shuang says.

Tue, 25 Sep 2018 18:32:40 GMT

British customers lose 500M pounds in bank frauds in H1

British customers have lost more than 500M pounds in bank frauds in the first half of 2018, the data released by the industry group UK Finance shows.

Tue, 25 Sep 2018 18:31:54 GMT

S. Africa plans measures to make travel into country simple

The South African Home Affairs Minister Malusi Gigaba on Tuesday announced new measures to simplify the movement of tourists into the country to promote economic growth.

Tue, 25 Sep 2018 16:56:17 GMT

China, Japan to enhance strategic communication

Top representatives of China and Japan met in the eastern Chinese city of Suzhou on Tuesday to discuss strategic cooperation and develop bilateral ties.

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