News

Note: This section contains information in English only.
Tue, 22 May 2018 16:52:13 GMT

Russia, Turkey, Japan bring potential retaliation for US tariffs to $3.5B

Russia, Turkey and Japan warned the United Stated about its tariffs on aluminium and steel potential retaliation up to $3.5B annually, the WTO stated.

Tue, 22 May 2018 16:18:34 GMT

Russia's Finance Ministry to offer $492M of OFZ bonds

The Finance Ministry of Russia stated that it would offer nearly $492M worth of OFZ bonds at two auctions on Wednesday.

Tue, 22 May 2018 16:17:48 GMT

BP plans to cut 3% of upstream jobs

Britain's oil major BP stated announced plans to cut 3% of jobs in production and exploration within a restructuring of the company's upstream business.

Tue, 22 May 2018 15:27:56 GMT

Quarterly profit of US banks jumps 27.5% on lower rate of tax

The US banks reported profit of $56B in the March quarter, up 27.5% from a year before, as institutions started to take an advantage of lower tax rate, the FDIC report showed.

Tue, 22 May 2018 15:26:29 GMT

Tesco to shut Tesco Direct in July

The UK biggest retailer Tesco stated that it is likely to close Tesco Direct, the company's non-food website, as it was unable to make the loss-making business activity profitable.

Tue, 22 May 2018 14:25:20 GMT

Micron's shares gain 5% on $10B stock buyback

On Tuesday, Micron Technology's shares gained 5%, becoming the most traded stock on the Wall Street, following its announcement on buying back up to $10B of its shares.

Tue, 22 May 2018 14:18:57 GMT

Renault-Nissan-Mitsubishi alliance to invest $50M in start-ups

The venture capital fund of the Renault-Nissan-Mitsubishi alliance agreed to make five investments in the following four months in start-ups that total $50M, the fund's head stated on Tuesday.

Tue, 22 May 2018 13:31:41 GMT

Bank of Spain views Catalonia as main domestic risk to economy

On Tuesday, the Bank of Spain stated that it views Catalonia as the main domestic risk to the country's economy amid instability over tensions between Madrid and Barcelona.

Tue, 22 May 2018 13:28:19 GMT

Elon Musk admits breaking issue in Model 3

Tesla's CEO Elon Musk has admitted there was a malfunction issue with the Model 3 sedan discovered by Consumer Reports, adding the carmaker would fix the problem as soon as possible.

Tue, 22 May 2018 12:38:18 GMT

China to explore new measures to attract foreign investment

China's PM Li Keqiang stated the government was set to explore new measures to draw foreign investment, planning to revise a foreign investment negative list in the near future.

Tue, 22 May 2018 12:36:29 GMT

British watchdog calls on banks to use better tech in battle with cyber-crime

On Tuesday, a UK watchdog stated that British banks must use innovative technology inn their battle with cyber-crimes amid widespread fraud risks and an increase of cyber-attacks.

Tue, 22 May 2018 11:39:14 GMT

Century Securities offered for sale with $560M price tag

On Tuesday, Anbang Insurance Group's Century Securities has been put up for a sale with at least $50M price tag in the first move of the planned asset sales, controlled by the state takeover group.

Tue, 22 May 2018 11:30:44 GMT

Palestine calls for full inquiry into Israel at Hague court

Riyad al-Maliki, the Palestinian Foreign Minister, demanded the International Criminal Court's prosecutors to launch a full inquiry into the alleged Israeli HR abuses on the territory of Palestine.

Tue, 22 May 2018 10:37:16 GMT

BP makes $20M investment into Israel's fast-charge battery firm

The oil giant BP announced on Tuesday that its venture capital fund made a $20M investment into the Israeli fast-charging battery company StoreDot, as part of its push to tap the growth in EV technologies.

Tue, 22 May 2018 10:33:58 GMT

AccorHotels considers granting board seat to Huazhu Hotels

On Tuesday, AccorHotels stated it would consider in the following weeks whether to give Huazhu Hotels a board seat, following the Chinese hospitality firm's purchase of 4.5% stake in the company.

Tue, 22 May 2018 09:37:29 GMT

Australian firm Santos rejects Harbour Energy's takeover bid

Australia's Santos has finalised the talks with Harbour Energy and rejected its final takeover proposal of $10.8B, saying it did not represent the company's full value.

Tue, 22 May 2018 09:34:29 GMT

Yageo's unit to buy US Pulse Electronics for $740M cash

On Tuesday, the Taiwanese firm Yageo stated its subsidiary is set to acquire the US electronic component manufacturing and design company Pulse Electronics in a $740M cash deal.

Tue, 22 May 2018 08:33:25 GMT

ATON lifts stake in South Africa's Murray & Roberts to 40%

On Tuesday, Germany's investment house ATON stated it had raised its stake in Murray & Roberts, the South African builder, to nearly 40%.

Tue, 22 May 2018 08:27:58 GMT

Emirates NBD signs takeover deal with Turkey's Denizbank

Emirates NBD has clinched a deal worth $3.19B to acquire Turkey's lender Denizbank from Russia's Sberbank, which would be its largest ever acquisition.

Tue, 22 May 2018 06:54:08 GMT

Sony is set to become largest music publisher

As the Sony and EMI deal announced this morning goes through, Sony was set to become the world's largest music publisher.

Tue, 22 May 2018 06:53:26 GMT

Oil prices continue to surge on Tuesday

The prices for crude oil increased on Tuesday morning, as the price per barrel for Brent oil was nearing the $80 mark.

Tue, 22 May 2018 06:35:35 GMT

Sony set to acquire EMI Music in $2.3B deal

Sony is set to acquire control of EMI Music Publishing in a deal valued at $2.3B, as the tech firm seeks to bolster entertainment content assets, shifting away from the low-margin consumer electronics.

Tue, 22 May 2018 06:29:50 GMT

Amazon hires ex-NBC exec Sanders to help run TV productions

On Monday, Amazon.com stated it had hired the former NBC executive Vernon Sanders to help the company run its TV productions, appointing him as the co-head of television.

Tue, 22 May 2018 04:50:42 GMT

Bank of Japan lays out rules for stopping monetary easing

The Governor of Bank of Japan on Tuesday announced that the bank will announce the end of ultra-easy policy when rules for reaching the bank's price goal are made more robust.

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