News

Note: This section contains information in English only.
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.

Thu, 17 May 2018 15:04:29 GMT

Russia's ACRA acquires Slovakia's ERA amid expansion

The Russian firm Analytical Credit Rating Agency has signed a deal to acquire the Slovakian European Rating Agency in its first takeover outside the country, as it seeks for expansion abroad.

Thu, 17 May 2018 14:32:42 GMT

Williams to acquire outstanding William Partners' shares

Williams Cos, the pipeline operator, announced on Thursday it would acquire the rest of its limited partnership William Partners' shares in a deal worth $10.5B.

Thu, 17 May 2018 14:27:46 GMT

Iran clinches oil deal with Pergas to establish Keranj field

On Wednesday, Iran signed a preliminary oil contract with the London-based Pergas to develop the Keranj oilfield in the province of Khuzestan over the next ten years.

Thu, 17 May 2018 13:37:03 GMT

PluralSight's listing priced at $15 per share

The online learning platform PluralSight's initial public offering has been priced at $15/shr after The Farmington raised its listing price range from $10-$12 to $12-$14 on Tuesday.

Thu, 17 May 2018 12:20:38 GMT

Terveystalo to acquire Attendo's unit in $275M deal

The healthcare firm Terveystalo is set to acquire the Finnish business unit of its Swedish rival Attendo in a deal that has been valued at $275M, the company stated on Thursday.

Thu, 17 May 2018 12:13:37 GMT

India lifts Iran's April oil imports to record-high since 2016

India's oil imports from Iran in April soared to 640K bpd, the highest level since Oct. 2016, as refiners increased purchases before the looming US sanctions against Tehran.

Thu, 17 May 2018 11:36:31 GMT

ANZ to sell 55% stake in Cambodian JV to J Trust

Australia and New Zealand Banking Group agreed to sell its 55% stake in the Cambodia joint venture to the Japanese firm J Trust, seeking to streamline the lender's capital requirements.

Thu, 17 May 2018 11:33:15 GMT

UK Government pledges $18B to Hitachi's UK nuclear unit

The UK Government offered to pledge $18B of financial support to Hitachi's Horizon Nuclear Power project in Britain to build the reactors in Wales.

Thu, 17 May 2018 10:10:24 GMT

China grants approval for Toshiba chip unit sale to Bain-led consortium

On Thursday, the Chinese regulators approved the sale of $18B Toshiba chip unit to the consortium led by Bain Capital, the US private equity firm, according to Japan's broadcaster NHK.

Thu, 17 May 2018 10:03:41 GMT

Rovio posts better-than-expected quarterly profit

The "Angry Birds" film and mobile games maker Rovio reported its Q1 profit almost doubled y/y to $12M, sending the company's shares up 5.6% on the news.

Thu, 17 May 2018 09:07:23 GMT

Japan purchases three vessels of sorghum due to China-US trade row

Japan's grain buyers have purchased three vessels of 150-180K tonnes of the US sorghum in a wake of the trade row between the United States and China.

Thu, 17 May 2018 08:59:12 GMT

Serbian PM Brnabic takes over FinMin post until new one is named

Ana Brnabic, Serbia's Prime Minister, is set to act as the country's Finance Minister until the government appoints a new one to succeed Dusan Vujovic after he resigned last month.

Thu, 17 May 2018 08:36:59 GMT

Ocado ties-up with Kroger on grocery deliveries tech, shares rise

The US retaier Kroger has agreed for a deal with Britain's Ocado to use its tech for grocery deliveries, bringing the UK firm to the US market and sending its shares up 50% on the news.

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