News

Note: This section contains information in English only.
Mon, 04 Jun 2018 03:35:02 GMT

Australian business' profits gain in stimulus to consumers spending

Australian business paid out record amounts in wages in the last quarter due to hiring boom, which provided a boost to consumer spending and income.

Mon, 04 Jun 2018 03:33:58 GMT

Australia's retail sales grow 0.4% in April

The Australian Bureau of Statistics stated that the country's retail sales grew seasonally adjusted 0.4% to $26.5M, surpassing forecasts for a 0.3% rise.

Mon, 04 Jun 2018 02:33:16 GMT

Former BoJ Governor sees it difficult to gauge inflation

The former BoJ Governor Masaaki Shirakawa stated that the inflation's accurate measurement became complicated amid the development of services of goods not using traditional structures of pricing.

Mon, 04 Jun 2018 02:32:19 GMT

Australian CommBank agrees record penalty in ML case

Commonwealth Bank of Australia accepted a record $529.3M penalty to settle money laundering charges pressed by Australian financial intelligence agency.

Sun, 03 Jun 2018 20:31:17 GMT

President Trump names Starks as his pick to become FCC member

According to the White House, the US President Donald Trump has nominated Geoffrey Starks to become the Federal Communications Commission's member for the five-year term remainder ending June 30 in 2022.

Sun, 03 Jun 2018 20:27:37 GMT

France likely to sell part or all of Air France stake

France's government is thinking over a sale of its part or an entire Air France KLM 14.3% stake, having received an interest from AccorHotels management, the country's news agency Les Echos stated on Sunday.

Sun, 03 Jun 2018 19:31:09 GMT

Swiss luxury goods group Richemont signs takeover deal with Watchfinder

Richemont, the Swiss luxury goods company, said it would acquire Watchfinder.co.uk, as the luxury watchmakers seek to tap into the fast-growing pre-owned watch market.

Sun, 03 Jun 2018 19:25:04 GMT

GM agrees to settle lawsuit over motorcycle and self-driving car crash

General Motors agreed on a lawsuit settlement with a motorcyclist who had been hit by a carmaker's self-driving car in a minor crash in San Francisco last year.

Sun, 03 Jun 2018 18:33:30 GMT

Tyson Foods to sell its non-protein brands to Kohlberg & Co

The US largest meat processor Tyson Foods is planning to sell Sara Lee Frozen Bakery together with three other non-protein units to the private equity group Kohlberg & Co.

Sun, 03 Jun 2018 18:29:17 GMT

FCA, Santander Consumer USA in talks over car financing JV

Fiat Chrysler is in negotiations with Santander Consumer USA to acquire its share in the joint venture, as the carmaker seeks to establish its own vehicle financing business unit in the United States.

Sun, 03 Jun 2018 17:13:57 GMT

Apache to look for cooperation opportunities in Egypt

The US-based oil and gas producer Apache Corporation is planning to expand activities in Egypt and strengthen cooperation with its petroleum sector, the company said on Sunday.

Sun, 03 Jun 2018 17:06:31 GMT

Mattis says North Korea has to denuclearise to receive relief

The US Defence Secretary Jim Mattis noted on Sunday that North Korea would receive relief only if the country showed verifiable evidence of its denuclearisation.

Sun, 03 Jun 2018 16:16:38 GMT

PM: Ethiopia to build new navy

According to the Ethiopian Prime Minister Abiy Ahmed, the next step in the country's military reform is to renew its navy which was disbanded in 1991.

Sun, 03 Jun 2018 16:04:52 GMT

Syrian President to meet North Korea's Kim Jong Un

The Syrian President Bashar al-Assad is set to visit its North Korean counterpart Kim Jong Un in an official meeting, the North Korean state media announced on Sunday.

Sun, 03 Jun 2018 14:52:13 GMT

US, China end trade talks with no success

The United States and China have finalised with their trade negotiations without any settlement, as both sides failed to offer a mutually beneficial agreement.

Sun, 03 Jun 2018 14:51:55 GMT

Sky News: CYBG increases bid for Virgin Money

The UK-based lender CYBG has increased the value of its bid for the financial services provider Virgin Money to £1.7B, Sky News reported on Sunday.

Sun, 03 Jun 2018 14:20:07 GMT

Newspaper: Bayer to close Monsanto takeover deal on Thursday

According to the German newspaper Frankfurter Allgemeine Sonntags Zeitung, Bayer is expected to finalise with the $62.5B takeover of the seeds producer Monsanto this Thursday.

Sun, 03 Jun 2018 14:11:37 GMT

Oil producers stress importance of continued cooperation

Ministers of OPEC and non-OPEC countries said further collaboration between oil producers is required after the pact for global supply cut expires at the end of 2018.

Sun, 03 Jun 2018 12:51:31 GMT

Palo Alto Networks names new Chief Executive

Cybersecurity company Palo Alto Networks Inc claimed that the former President of SoftBank Group Corp Nikesh Arora is going to be appointed as a new Chief Executive Officer of the company. 

Sun, 03 Jun 2018 12:44:33 GMT

Italy's government to overhaul labour reform

Italy's Minister of Labour and Industry Luigi di Maio claimed that the new anti-establishment government will change the labour reform introduced by the previous administration.

Sun, 03 Jun 2018 12:26:38 GMT

Apple approves Telegram update after Durov's allegations

The founder of Telegram Pavel Durov claimed that Apple has approved Telegram update, a day after Durov claimed that Apple prevents updates of the app since it was banned by Russian regulatory body.

Sun, 03 Jun 2018 11:30:05 GMT

China warns US about imposing new tariffs

On Sunday, China warned the US that trade and business agreements between two sides will be cancelled in case Washington decides to impose new tariffs and trade measures against China.

Sun, 03 Jun 2018 11:25:04 GMT

Airbus CEO: digital technology to change production process

On Sunday, Chief Executive Officer of Airbus planemaking unit Guillaume Faury said that digital technology will sweep in Airbus factories in the nearest years, enabling higher aircrafts production.

Sun, 03 Jun 2018 10:14:41 GMT

Austrian Vice-Chancellor calls for ending anti-Russian sanctions

The Vice-Chancellor of Austria and the leader of Freedom Party Heinz-Christian Strache called for ending the sanctions imposed by the EU on Russia days before his meeting with Russian President Vladimir Putin.

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