News

Note: This section contains information in English only.
Fri, 18 May 2018 09:29:02 GMT

China denies offer to cut US trade surplus by $200B

On Friday, China's Foreign Ministry stated it had not offered to reduce its US trade surplus by $200B, adding that talks with the United States over trade were constructive and set to continue.

Fri, 18 May 2018 08:37:12 GMT

Toyota to enter Chinese EV market with GAC Motor car

Toyota Motor is planning to roll into China's electric-vehicle market by launching its new label of its Chinese partner GAC Motors to fully meet China's severe green car quotas.

Fri, 18 May 2018 08:34:18 GMT

Berenberg cuts Telecom Italia's target price by 7%, shares down

Berenberg has reduced Telecom Italia's target price by 7% to €0.66, sending the company's shares down 1.4% after earlier slipping by over 2% on Friday.

Fri, 18 May 2018 07:37:10 GMT

Cambridge Analytica launches Chapter 7 bankruptcy process

Cambridge Analytica announced late on Thursday it had filed for the Chapter7 bankruptcy in NYC Court, following its involvement in the Facebook user data scandal.

Fri, 18 May 2018 07:34:06 GMT

Ukraine President imposes new sanctions against Russia

Ukraine's President Petro Poroshenko issued an order to enact the decision to expand sanctions against Russian companies, according to the information reported on the government's website on Friday.

Fri, 18 May 2018 06:34:57 GMT

ESR-REIT agrees on merger with Viva Industrial Trust

The Warburg Pincus-backed ESR REIT has agreed to merge with its rival Viva Industrial Trust in a proposed bid that would establish the fourth-biggest real estate investment trust located in Singapore.

Fri, 18 May 2018 06:29:30 GMT

PayPal to acquire Swedish firm iZettle for $2.2B

PayPal Holdings has agreed to buy the one of the EU best known fintech start-ups, iZettle, in a deal valued at $22B, both the companies confirmed on Thursday.

Fri, 18 May 2018 05:07:16 GMT

Ecuador revokes additional security for Assange

The Ecuadorian President Lenin Moreno ordered on Thursday to withdraw the additional security officers assigned to protect Julian Assange in the country's embassy in London.

Fri, 18 May 2018 05:02:03 GMT

Uber's CPO to quit from company

The Chief Product Officer (CPO) of Uber Technologies Jeff Holden who monitored development of flying car operation will leave his post in the nearest future, the company's spokesman announced on late Thursday.

Fri, 18 May 2018 04:21:18 GMT

Oil prices tend to reach $80 amid sanctions against Iran

Crude oil prices slightly increased on Friday morning, reaching $79.57 per barrel, as the new set of American sanctions against Iran spurred demand.

Fri, 18 May 2018 04:16:33 GMT

China to postpone probe into imports of US sorghum

The Commerce Ministry of China stated on Friday it will defer imposition of anti-dumping measures on imports of the US-produced sorghum, as officials of the two countries meet in Washington in an attempt to avoid trade war.

Fri, 18 May 2018 02:47:16 GMT

Brookfeld to acquire stake in Manhattan tower

Brookfield Property Partners was in negotiations to buy a stake in an office tower of Manhattan majority-owned by a firm previously run by son-in-law of the US President.

Fri, 18 May 2018 02:39:31 GMT

China to offer US trade deficit reduction package

China offered the US President Donald Trump a new package of purchases of the US good and different measures, targeting the reduction of trade deficit between two countries by $200B a year.

Thu, 17 May 2018 19:57:50 GMT

US diplomat responsible for Islamabad accident leaves Pakistan

A US diplomat responsible for a fatal road accident in the capital Islamabad has left Pakistan after US authorities assured that he will face charges in the US.

Thu, 17 May 2018 19:56:04 GMT

Botswana expresses worries about deteriorating situation in Gaza

Botswana on Thursday expressed worries about the worsening security situation in Gaza after the relocation of the US embassy from Tel Aviv to Jerusalem.

Thu, 17 May 2018 19:32:43 GMT

Juncker: EU to protect business despite US exit from Iran agreement

The European Union will protect the business interests of its companies in Iran despite the US withdrawal from the Iran nuclear agreement, the European Commission President Jean-Claude Juncker says.

Thu, 17 May 2018 19:31:58 GMT

Ghana fights corruption to promote national development

The government of Ghana prioritizes fight against corruption to help national development, the Deputy Minister of Foreign Affairs and Regional Integration Charles Owiredu says.

Thu, 17 May 2018 18:27:10 GMT

EU to discuss cars with US to prevent trade war

The European Union was ready to discuss opening the bloc's markets wider to the US imports, including cars, aiming to avert a trade war, EU leaders stated.

Thu, 17 May 2018 18:26:35 GMT

Mercedes to restart SUV plant in Alabama next week

Daimler's Mercedes-Benz SUV plant located in Alabama is set to continue production next week, after being shut due to a shortage of parts caused by a fire at the main supplier.

Thu, 17 May 2018 17:01:52 GMT

US jobless claims increase 11K last week

The US Labour Department stated that the number of people filing for unemployment benefits in the US last week grew more than anticipated 11K to 222K.

Thu, 17 May 2018 17:01:22 GMT

Bank Indonesia raises key rate to fuel fragile Rupiah

The Central Bank of Indonesia hiked the key interest rate for the first time in four years in line with expectations, aiming to boost fragile Rupiah.

Thu, 17 May 2018 16:10:50 GMT

EU unable to guarantee Brexit unlikely to hit financial contracts

The EU financial services chief stated that there was no guarantee that Brexit is unlikely to disrupt millions of derivative or insurance contracts.

Thu, 17 May 2018 16:10:12 GMT

US 30-year mortgage rates reach 7-year high

Interest rates on the US 30-year mortgages increased to their 7-year peak, as a sell-off in the bond market brought 10-year yields to the highest level since July 2011.

Thu, 17 May 2018 15:17:28 GMT

Dubai Aerospace in discussion over 400 jets order

Dubai Aerospace is in talks to place an order for about 400 aircraft from Boeing and Airbus, getting ready to expand the world's biggest jetliner lessors' fleet through the acquisition in case talks fall through.

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