News

Note: This section contains information in English only.
Thu, 10 May 2018 03:34:25 GMT

Ford: lost truck production to hit earning is Q2

Quarterly earnings of Ford Motor are likely to be affected by shutdowns of the company's three US truck plants due to the fire at a supplier of key parts.

Thu, 10 May 2018 03:33:16 GMT

Philippine GDP growth seen above 6% last quarter

The Philippine economy expanded 6.8% in the last quarter from a year before, driven by rising government spending and private consumption.

Thu, 10 May 2018 02:31:15 GMT

Chinese PPI grows 3.4% in April

China's Producer Price Index increased 3.4% year-on-year in April, the first rise in the last seven months, official data revealed.

Thu, 10 May 2018 02:29:36 GMT

China's consumer inflation cools to 1.8% in April

China's yearly consumer inflation growth weakened to 1.8% in April, slightly below expectations, an official report showed. 

Wed, 09 May 2018 19:55:20 GMT

US Transportation Department prepares new drone regulations

On Wednesday, the US Transportation Department sent two proposed rules to be reviewed by the White House regarding the regulation of the increased amount of unmanned aerial vehicles.

Wed, 09 May 2018 19:54:44 GMT

Rolls-Royce COO to leave because of streamlining

Chief Operating Officer of Rolls-Royce Holdings Plc Simon Kirby will resign from his post in June as the new strategy of the Brtish manufacturer aims to streamline company's business.

Wed, 09 May 2018 19:17:54 GMT

Ford plans to restore trucks productions in nearest time

Ford Motor Co is working with its key supplier Meridian Magnesium Products to shift part of the production to Ontario, Canada, after a fire on supplier's plant in Michigan, hoping to restore the production in the nearest time.

Wed, 09 May 2018 19:07:48 GMT

Rouhani: Europe has limited opportunity to save nuclear deal

On Wednesday, the President of Iran Hassan Rouhani told the President of France Emmanuel Macron that in current situation Europe has very limited opportunities to save the nuclear deal.

Wed, 09 May 2018 18:28:46 GMT

Boeing CEO: end of Iran nuclear deal not hurts 737 production

On Wednesday, chief executive of Boeing Co Dennis Muilenburg claimed that the end of Iran nuclear deal and revoking of license to sell 737 aircraft to Iran will not hurt company's production plans. 

Wed, 09 May 2018 18:21:52 GMT

Uber announces contest to select city for flying taxis

On Tuesday, Uber Technologies Inc claimed that it will run a contest to select the third city after Dallas and Los Angeles to launch a new taxi project UberAIR in 2020.

Wed, 09 May 2018 17:17:11 GMT

ZTE says its main operations cease after US ban

On Wednesday, Chinese second largest telecom equipment manufacturer ZTE said that the main business operations of the company have ceased after a ban by the US government.

Wed, 09 May 2018 17:08:43 GMT

Uzbekistan to privatise state airline

On Wednesday, the Deputy Prime Minister of Uzbekistan Sukhrob Kholmuradov claimed that the government is preparing to privatise Uzbekistan Airways, the national air carrier of Uzbekistan.

Wed, 09 May 2018 16:21:22 GMT

Trump: China aids efforts with North Korea

On Wednesday, the US President Donald Trump claimed that China helped the US to held negotiations with North Korea after three American citizens had been released by Pyongyang.

Wed, 09 May 2018 15:11:29 GMT

Pokemon Go maker to develop AR 3D maps

On Wednesday, CEO of Pokemon Go maker Niantic Inc John Hanke claimed that his company is planning to create 3D world map, using AR technology with a help of its players.

Wed, 09 May 2018 15:03:06 GMT

North Korea releases three detained Americans

On Wednesday, North Korean authorities released three detained American citizens and handed them to the US Secretary of State Mike Pompeo ahead of a planned summit between the US and North Korea.

Wed, 09 May 2018 14:19:55 GMT

France's Faurencia makes investment into PowerSphyr

Faurencia, the French vehicle company firm, has invested in the US wireless power-tech firm PowerSphyr, not providing any further details on the sum of money.

Wed, 09 May 2018 14:15:22 GMT

ArcelorMittal hires Bank of America-ML to sell EU steel assets

ArcelorMittal hired Bank of America-Merrill Lynch with intention to sell its European steel assets and secure the antitrust clearance to buy the Italian peer Ilva.

Wed, 09 May 2018 13:34:35 GMT

Ford temporarily suspends production of Super Duty, F-series vehicles

Ford Motor has temporarily halted its production of the Super Duty and F-150 pickup trucks at two US plants amid fire at the supplier factory that manufactures the trucks parts.

Wed, 09 May 2018 13:30:21 GMT

SoftBank plans transferring ride-hailing stakes firms to Vision Fund

On Wednesday, Japan's SoftBank Group announced about its plans to transfer its ride-sharing firms' stakes to Vision Fund; a move that could make it one of the largest investors in the industry.

Wed, 09 May 2018 12:37:02 GMT

Fox to acquire seven Sinclair's TV stations for $910M

On Wednesday, 21st Century Fox agreed to purchase seven TV stations from the US Sinclair Broadcast Group in a deal valued at around $910M.

Wed, 09 May 2018 12:33:39 GMT

Audi to launch new software upgrade for its A6/A7 car models

Volkswagen's premium automaker Audi is set to present a new software upgrade to the German motor authority KBA for its extra 60K A6 and A7 models, which had some emissions-related problems.

Wed, 09 May 2018 11:38:31 GMT

Lantern Capital receives approval to buy Weinstein

On Tuesday, the US bankruptcy judge granted its approval to Lantern Capital to acquire the Weinstein's assets, while the funds for the sexual abuse claims were left unclear.

Wed, 09 May 2018 11:35:43 GMT

China's e-commerce platform Meili plans $500M in US IPO

China's fashion e-commerce company Meili is seeking $500M in the US initial public offering planned for this year's second half, sources familiar with the matter reported.

Wed, 09 May 2018 10:26:25 GMT

Walmart to buy Flipkart in India

The US retail giant Walmart is buying Indian e-commerce entity Flipcart, Softbank Group, which is one of the biggest Flipkart's shareholders, said on Wednesday.

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