News

Note: This section contains information in English only.
Fri, 10 Nov 2017 06:10:59 GMT

Kobe Steel to reveal data-cheating investigation results

The Japanese steelmaker Kobe Steel said it was ready to reveal the results of the internal data-cheating investigation on Friday.

Fri, 10 Nov 2017 06:10:17 GMT

Trump lands in Vietnam for APEC summit

On Friday, the US President Donald Trump arrived in Vietnam to participate in the Asia-Pacific Economic Cooperation nations' summit.

Fri, 10 Nov 2017 05:24:06 GMT

Bytedance to acquire Musical.ly for around $1B

On Friday, China's online content platform Bytedance revealed its plans to acquire the lip-sync application Musical.ly for up to $1B.

Fri, 10 Nov 2017 05:23:21 GMT

Japanese economy set to grow for seven straight quarters

According to a Reuters poll of economists, the Japanese economy is expected to show seven consecutive quarters of growth.

Fri, 10 Nov 2017 04:30:50 GMT

Toshiba considers $5.3B capital injection

Toshiba reviewed raising nearly $5.3B through public offering, aiming to allocate shares mainly to foreign investors, as the company was desperate for cash to remain listed.

Fri, 10 Nov 2017 04:27:50 GMT

Hyundai views adding pickup, SUVs to US factory

South Korean automaker Hyundai was considering making its Kona and Tucson sport utility cars and pickup truck at the company's sole US factory in a bid to boost sales.

Fri, 10 Nov 2017 03:06:06 GMT

Nvidia tops forecasts on data centre, gaming boost

Nvidia said that its revenue and quarterly profit topped market projections and suggested strong revenue growth this quarter, fuelled by demand for data centres and graphics chips.

Fri, 10 Nov 2017 03:05:12 GMT

Chinese Silk Road Fund, GE to launch investment platform

China's state fund created for the Belt and Road trade plan and General Electric are expected to jointly set up an infrastructure investment platform, the Chinese government said.

Thu, 09 Nov 2017 21:06:42 GMT

US tax writing committee approves Trump's reform

On Thursday, the US House Committee on Ways and Means approved the US President Donald Trump's tax reform plan on a vote of 24 to 16, thus transferring the draft to the full House vote.

Thu, 09 Nov 2017 20:56:38 GMT

Macron flies to Saudi Arabia to discuss Lebanon crisis

On late Thursday, the French President Emmanuel Macron landed in Riyadh to meet with the Saudi Crown Prince Mohammed bin Salman and discuss different regional issues, such as situation in Yemen and Lebanon.

Thu, 09 Nov 2017 20:04:07 GMT

Spain's prosecutor asks to jail Catalan parliament speaker

According to sources familiar with the issue, Spain's top prosecutor on Thursday asked the High Court to jail the Catalan parliament speaker Carme Forcadell as well as three other Catalan legislators.

Thu, 09 Nov 2017 19:57:45 GMT

AT&T ready to defend its Time Warner deal in court

On Thursday, the AT&T chief executive Randall Stephenson emphasized that the company refuses to sell its DirecTV unit, which includes television news channel CNN, in order to get regulator's approval of its proposed $85.4B acquisition of the mass media conglomerate Time Warner Inc.

Thu, 09 Nov 2017 19:01:44 GMT

Next German government to have €30B to spend

According to German Finance Minister Altmaier, new tax figures have indicated that the next government would have at least €30B available for tax cuts and additional spending.

Thu, 09 Nov 2017 19:00:40 GMT

Global economic outlook is positive despite US politics

BlackRock Inc CEO Fink stated that the global economic outlook was positive, supported by the strength of the corporate profits, despite the US politics' dysfunction.

Thu, 09 Nov 2017 18:03:28 GMT

Peugeot to shift Opel technology to cut emission

PSA Group has vowed to shift Opel models onto their own technology faster than expected to secure savings from the acquisition and to improve their emissions performance.

Thu, 09 Nov 2017 18:02:36 GMT

Oil prices go up on Saudi Arabia's political tension and supply cuts

Oil prices inched higher during the New York session, supported by the major exporters‘ supply cuts, as well as the continuing Saudi Arabia's political development concerns.

Thu, 09 Nov 2017 17:17:12 GMT

Macron makes unscheduled trip to Saudi Arabia

On Thursday, the President of France Emmanuel Macron decided to make an unexpected visit to Riyadh to meet with the Crown Prince to discuss crises in Yemen, Lebanon and other states in the region.

Thu, 09 Nov 2017 17:16:17 GMT

Macy's sales drop in Q3

On Thursday, the US-based department store chain Macy's reported a larger-than-expected decline in comparable store sales in the third quarter of 2017.

Thu, 09 Nov 2017 16:20:22 GMT

Saudi Aramco strikes oil and gas deals worth $4.5B

The Saudi Arabian Oil Company, or Aramco, said on Thursday it had signed oil and gas deals worth $4.5B with European, US, Chinese, and UAE companies.

Thu, 09 Nov 2017 16:19:57 GMT

Canadian September NHPI in line with forecasts

Data released by Statistics Canada on Thursday revealed the Canadian New Housing Price Index was up 0.2% in September, coming in line with analysts' estimates.

Thu, 09 Nov 2017 15:11:30 GMT

PM May to host Brexit talks with EU business chiefs

The UK Prime Minister Theresa May is set to host talks on the Brexit effects with the European business leaders on Monday, November 13.

Thu, 09 Nov 2017 14:58:22 GMT

US initial jobless claims rise 10K last week

The number of applications for US unemployment benefits surged 10K to 239K in the week ending November 4, beating analysts' expectations for a 232K rise.

Thu, 09 Nov 2017 14:21:41 GMT

German trade surplus rises to €21.8B

Destatis reported on Thursday that the German trade surplus widened to €21.8B in September, from a downwardly revised €21.3B in August, and compared to market expectations of a €21.0B gap.

Thu, 09 Nov 2017 14:07:17 GMT

Swiss jobless rate remains on hold

According to the SECO, the unemployment rate in Switzerland remained unchanged at 3.3% in October, fully meeting analysts' expectations for the rate to stay on hold.

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