News

Note: This section contains information in English only.
Tue, 08 May 2018 05:04:29 GMT

Oil remains near highs prior to Trump's announcement

Oil prices remained at their highest level since 2014 early today prior to the US President Donald Trump's announcement about a possible withdrawal from the Iran nuclear deal.

Tue, 08 May 2018 04:06:52 GMT

Chinese exports, imports grow in April

Chinese imports and exports grew at a faster-than-expected pace in April with a rise of 21.5% and 12.9%, respectively, thus leaving the country's trade surplus at $28.78B.

Tue, 08 May 2018 04:00:53 GMT

RBNZ reports inflation expectation for Q2Y2018

The Reserve Bank of New Zealand reported on Tuesday that its inflation expectation for the second quarter of 2018 is 2.01%, while the average one-year expectation is 1.80%.

Tue, 08 May 2018 03:31:51 GMT

G20 finance chiefs to meet in Japan next year

Japan's Finance Minister Taro Aso stated that the country is set to host a meeting of G20 financial leaders in western Japan over June 8-9 in 2019.

Tue, 08 May 2018 03:31:11 GMT

ValueAct takes stake of $1.2B in Citigroup

ValueAct Capital Partners, the activist investing group, invested $1.2B in Citigroup, citing the bank's reliable revenue and low risk.

Mon, 07 May 2018 20:32:20 GMT

Telecom Italia's Genish reappointed after Elliott coup

On Monday, Telecom Italia has reappointed Amos Genish as the company's CEO, after the activist fund Elliott grabbed control over the board from the phone group's top shareholder Vivendi.

Mon, 07 May 2018 20:21:30 GMT

Lufthansa orders 16 new Airbus, Boeing aircraft

Lufthansa made an order for up to 16 new planes worth $2.5B, including six Airbus A320ceo jets and up to four long-haul Boeing 777 aircraft, the German airline stated on Monday.

Mon, 07 May 2018 19:35:49 GMT

Drive.ai to unveil autonomous ride-hailing pilot in summer

Drive.ai, the Silicon Valley self-driving start-up, said it would launch a pilot programme for the autonomous ride-hailing service in Frisco and Texas in July.

Mon, 07 May 2018 19:31:23 GMT

Uber hires ex-NTSB chairman to advise on its safety culture

On Monday, Uber Technologies stated it had hired the former NTSB chairman Christopher Hart to advise the ride-hailing firm on its safety culture, following the fatal self-driving car crash in Arizona last month.

Mon, 07 May 2018 18:27:46 GMT

Italy repeat elections in July since parties still way apart

The notion of re-running an election grew on Monday after Italian President Sergio Mattarella conducted a final consultation round to try to stop political deadlock lasting two months.

Mon, 07 May 2018 18:25:45 GMT

Carl Icahn, a billionaire investor sells his stake in AIG

Carl Icahn, a billionaire investor has sold his part of American International Group Inc's shares after collaborating with leading US casualty and property insurers over two-years.

Mon, 07 May 2018 17:08:55 GMT

British Do not touch Her Majesty protocol around the royals

Touching Queen Elizabeth happens to be considered as one of the utmost taboos concerning the British monarch, an unwritten rule about how people should behave when close to the royal family.

Mon, 07 May 2018 17:08:39 GMT

Buffett criticizes bitcoin as flourishing on mystique

On Monday, Billionaire Warren Buffet said that bitcoin buyers flourish on the hope that they will find other people ready to pay even more for it.

Mon, 07 May 2018 16:22:15 GMT

European stocks buoyed by Nestle, uneasiness for Air France

European stocks closed higher on the first day of the week, driven by big gains and strong earning updates in Nestle, after a company agreed to tie-up with Starbucks.

Mon, 07 May 2018 16:06:39 GMT

US Navy jets started sorties against Islamic State in Syria

US naval strike force began sorties against Islamic State headed by aircraft carrier Harry S. Truman, continuing missions by US-led coalition versus the militants.

Mon, 07 May 2018 15:31:53 GMT

Czech PM Babis anticipates final coalition agreement until Friday

On Monday, Czech prime minister and ANO chairman Andrej Babis said, that its party awaits for the last agreement on a new coalition with Social Democrats by Friday.

Mon, 07 May 2018 15:23:17 GMT

Trump defends his CIA pick and supports her via tweet

US President Donald Trump defended CIA nominee on Monday, after US media found out that she had tried to withdraw from this nomination concerning her involvement in the interrogation program.

Mon, 07 May 2018 14:36:19 GMT

Mediatek receives Taiwan's permit to sell goods to ZTE

Taiwan's chip designer Mediatek received an approval from the government to export components to ZTE, China's telecom equipment producer that had been subjected to the US restrictions.

Mon, 07 May 2018 14:17:47 GMT

Russia's PM Medvedev to stay for another term

On Monday, the Kremlin stated that Vladimir Putin had appointed Dmitry Medvedev as the Russian Prime Minister for another term, after being sworn in as the country's President for the next six years.

Mon, 07 May 2018 13:36:18 GMT

American Tower to buy Telkom Kenya's transmission towers

America Tower Corp announced on Monday it would acquire the transmission towers of Telkom Kenya in a deal that was seen to be finalised in this year's second half, allowing Telkom to make investments in its Internet network.

Mon, 07 May 2018 13:33:47 GMT

Italian golden power committee drops meeting withTelecom Italia

Italy's golden power committee is not eager to meet with Telecom Italia's representatives on Monday, Corriere della Sera reported, citing government sources.

Mon, 07 May 2018 12:17:41 GMT

Vladimir Putin sworn in for six-year term in office

On Monday, Vladimir Putin has been sworn in for his fourth term to serve as the President of Russia for six years more, following a win of 70% of the vote in the elections.

Mon, 07 May 2018 12:06:53 GMT

Putin and Merkel to meet in Russia's Sochi in May

Germany's Chancellor Angela Merkel is planning a visit to Russia's Sochi on Friday, May 18 to meet the President Vladimir Putin, as two leaders are set to hold official talks, the RIA news outlet reported.

Mon, 07 May 2018 11:36:06 GMT

Cognizant's Q1 revenue surges 10%

Cognizant Technology Solutions, the IT services company, reported on Monday its revenue surged around 10% in the Q1, driven by the higher clients' spending in the financial and healthcare industries.

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