News

Note: This section contains information in English only.
Tue, 21 Aug 2018 02:33:11 GMT

UK presses for more sanctions by EU against Russia

Britain is set to call for the EU to rise sanctions against Russia, adding that the bloc had to stand together with the US, which hit Russia's capital Moscow with new curbs in August.

Tue, 21 Aug 2018 02:29:03 GMT

ConocoPhillips, PDVSA get $2B settlement

The US producer ConocoPhillips and Venezuela's PDVSA reached an agreement more than a $2B arbitration, the companies stated, suspending a dispute, which blocked the firm from exporting its oil from the key Caribbean facilities.

Mon, 20 Aug 2018 20:16:52 GMT

Dow approaches five-month high amid investor optimism

On Monday, the Dow Jones Industrial Average was set towards its highest mark in six months, boosted by investor optimism about the latest merger deals and trade developments.

Mon, 20 Aug 2018 20:15:39 GMT

Nvidia introduces new gaming chips

The US-based technology company Nvidia Corp released this Monday new gaming chips that combine artificial intelligence with the ‘real-time ray tracing' technology.

Mon, 20 Aug 2018 18:53:56 GMT

ECB fines Credit Agricole for breaching capital classification rules

The European Central Bank fined on Monday the French lender Credit Agricole and some of its subsidiaries for failing to comply with rules on the classification of capital items.

Mon, 20 Aug 2018 18:51:36 GMT

Bostic expects one more rate hike in 2018

According to the President of Atlanta Fed Raphael Bostic, the Federal Reserve could hike the interest rate one more time this year due to some downward pressure on the US economy.

Mon, 20 Aug 2018 18:14:29 GMT

Shanghai seeks cooperation with Tencent to bolster smart city initiative

Shanghai is set to cooperate with the technology firm Tencent Holdings in the fields of big data, cloud computing and artificial intelligence to bolster the smart city initiative.

Mon, 20 Aug 2018 18:12:02 GMT

Ambev to buy electric cars due to freight fares

The Brazilian beer producer Ambev announced on Monday its plan to purchase 1600 electric vehicles in order to avoid the new freight fares set for diesel trucks.

Mon, 20 Aug 2018 17:22:38 GMT

Total to withdraw from Iran's gas project

The French oil and gas company Total announced on Monday that it would withdraw from the Iranian South Pars gas project due to US sanctions.

Mon, 20 Aug 2018 17:18:33 GMT

Bostic says US economy strong enough without financial stimulus

The President of the Federal Reserve of Atlanta Raphael Bostic said the US economy was strong enough to move forward without the monetary stimulus set after the financial crisis.

Mon, 20 Aug 2018 16:07:09 GMT

Anthem, Walmart team up to launch over-the-counter drugs programme

Anthem partnered with Walmart over launching a programme in the beginning of the next year to allow their customers of the Medicare Advantage plan to buy over-the-counter drugs from the retailer's website and stores.

Mon, 20 Aug 2018 16:06:54 GMT

Praxair, Linde gain EU approval for $82B merger

On Monday, the EU antitrust regulator has granted its approval to Germany's industrial gases firm Linde and its US rival Praxair for their $82B worth merger deal.

Mon, 20 Aug 2018 15:20:54 GMT

Nissan to bolster Chinese production capacity by 40%

Japan's Nissan Motor is planning to make an investment of around $900M to bolster the China car-making capacity by 40% by 2021, as part of its strategy to become one of the leaders in the biggest car market.

Mon, 20 Aug 2018 15:16:27 GMT

Volkswagen to phase out 700K cars amid roof lighting

Volkswagen will have to recall around 700K Touran and Tiguan vehicles all over the world over a potential roof lighting defect, according to Germany's trade magazine Kfz-Betrieb.

Mon, 20 Aug 2018 14:09:32 GMT

China's VP calls for financial support for SMEs

On Monday, the Chinese Vice Premier Liu He staid the country should boost its capital market and provide financial support from SMEs, small and medium enterprises.

Mon, 20 Aug 2018 14:00:47 GMT

Moscovici sees Greece on way towards sustainable recovery

The EU Commissioner Pierre Moscovici stated on Monday that Greece was moving towards sustainable recovery, adding he saw the country's economy to expand about 2% this year.

Mon, 20 Aug 2018 13:33:03 GMT

UK's Gatwick posts flight info on white boards amid IT glitch

Gatwick, the British second busiest airport, had to show all the information related to flights on white boards this Monday, following an IT glitch made its digital screens fail.

Mon, 20 Aug 2018 13:25:32 GMT

Britain's Farfetch plans listing on New York SE

On Monday, the British luxury retailer Farfetch announced it was planning a listing on the NYC Stock Exchange, seeking to capitalise on fast growth in the luxury sales online.

Mon, 20 Aug 2018 11:30:33 GMT

China's Sany Group seeks $2.0B spin-off

Sany Group, the Chinese heavy machinery maker, is planning to spin off four businesses and is considering to tap private equity firms as investors in a deal that could be valued at $2.0B.

Mon, 20 Aug 2018 11:25:46 GMT

Rocket Internet's CFO Kimpel resigns

On Monday, Germany's Rocket Internet announced its Chief Financing Officer Peter Kimpel had quitted with intention to pursue new management challenge.

Mon, 20 Aug 2018 09:55:57 GMT

Stock markets surge on Monday

Various Asian and European stock market indices surged on Monday, as US and Chinese trade talks increased optimism.

Mon, 20 Aug 2018 09:55:30 GMT

Erdogan deals with crisis

The President of Turkey on Monday cast the Turkish currency crisis into religious and patriotic terms in an effort to quell the anger caused by the drop of the Lira.

Mon, 20 Aug 2018 08:52:23 GMT

British regulator fines KPMG £3.0M for Ted Baker's audit misconduct

Britain's Financial Reporting Council fined KPMG £3.0M, reprimanding Michael Francis Barradell, the group's senior partner, for a misconduct on the UK fashion retailer Ted Baker's audit.

Mon, 20 Aug 2018 08:52:07 GMT

Noble Group's founder not to take up Executive Director position

On Monday, Noble Group, the embattled commodity trader, announced its founder Richard Elman had declined the Executive Director role in the restructured firm, citing personal reasons.

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