News

Note: This section contains information in English only.
Thu, 09 Nov 2017 04:27:59 GMT

China's consumer inflation at 1.9% in September

Chinese consumer prices growth picked up momentum in September amid higher food prices, showing a 1.9% gain, which was above expectations for a 1.6% increase.

Thu, 09 Nov 2017 04:25:36 GMT

Goldman Sachs, CIC establish US-China industrial cooperation fund

Goldman Sachs and China Investment Corp signed an agreement to set up US-China industrial cooperation fund to support US companies capable of developing business ties with China.

Thu, 09 Nov 2017 03:03:10 GMT

Japan's core machinery orders fall sharply in September

Japanese core machinery orders dropped more than expected 8.1% in September, with companies expecting the fall to persist in Q4, as business investment continues to weaken.

Thu, 09 Nov 2017 03:02:18 GMT

China's insurance premium income grows 21% in nine months

Income from insurance premiums at China's insurers rose 21% in the first nine months of 2017 to $453B, the country's insurance regulator stated.

Wed, 08 Nov 2017 21:06:59 GMT

Quebec to force Netflix to pay sales tax

Quebec would impose the sales tax on the online companies, such as Netflix Inc and has urged the federal government to reconsider their previous decision regarding the mentioned tax.

Wed, 08 Nov 2017 21:00:44 GMT

YNAP's sales growth to be lowered in 2017

According to the Yoox Net-a-Porter's CEO Marchetti, the luxury online retailer's revenue growth in 2017 would be pushed to the lower end of the guidance range.

Wed, 08 Nov 2017 20:02:57 GMT

Cyber gangs threaten financial sector

According to the head of Europol, the fast-growing cyber crime involving at least 4,000 ransom attacks per day has threatened the critical part of the financial sector.

Wed, 08 Nov 2017 20:02:07 GMT

Sprint to speed up its network investment

Sprint Corp would accelerate its network investment, since the company plans to plot the future as the standalone firm, after merger negotiations with T-Mobile had failed.

Wed, 08 Nov 2017 19:17:11 GMT

US corporate tax rate cut to be delayed: Ryan

The US House of Representatives Speaker Ryan stated that implementation of the corporate tax rate cut would be delayed, following the media report that Republicans were exploring such option.

Wed, 08 Nov 2017 19:15:36 GMT

PayPal enters Indian market

PayPal Holdings Inc has launched the domestic operations in India, despite the fact that PayTM, Indian leading digital payments company, has already dominated the market.

Wed, 08 Nov 2017 18:11:36 GMT

FCA to ban ex-Libor trader Tom Hayes

The British Financial Conduct Authority revealed it was planning to ban Tom Hayes, the former Libor trader, from the financial services industry.

Wed, 08 Nov 2017 18:11:19 GMT

US Congress supports $700B defence spending plan

On Wednesday, the US Congressional Defence Committees' members finalised a $700B defence spending plan in fiscal year 2018.

Wed, 08 Nov 2017 17:19:27 GMT

Turkey, Italy and France agree to work more on defence

The Turkish Defence Ministry said on Wednesday that the state had signed a letter of intent with Italy and France to fortify the countries' defence cooperation.

Wed, 08 Nov 2017 17:18:26 GMT

North Korea: sanctions hurt women and children

North Korea said it was working towards defending women's rights and equality but stressed the fact that sanctions imposed by major economies were hurting vulnerable families.

Wed, 08 Nov 2017 16:15:57 GMT

US crude oil refinery inputs average 16.3M barrels a day last week

According to the data released by the Energy Information Administration, the US crude oil refinery inputs averaged 16.3M barrels a day in the week ended November 3.

Wed, 08 Nov 2017 16:15:05 GMT

Canadian building permits top estimates

Statistics Canada reported on Wednesday that building permits in the country were up 3.8% in September, topping analysts' expectations for a 0.7% rise.

Wed, 08 Nov 2017 15:31:33 GMT

Takata's creditors urge company to pay $30B

Creditors of the struggling vehicle part maker Takata called for more than $30B that the company deemed to owe them, following its biggest recall caused by the faulty airbags.

Wed, 08 Nov 2017 14:57:53 GMT

Spain annuls Catalan independence declaration

On Wednesday, Spanish Constitutional Court revoked Catalonia's October 27 independence declaration, following its suspension by the government hours after the region's illegal proclamation.

Wed, 08 Nov 2017 14:26:51 GMT

Turkey's opposition urges for PM resignation

On Wednesday, Turkish opposition called for the Prime Minister Binali Yildirim's resignation over his sons' offshore assets amounted to a violation of ethics.

Wed, 08 Nov 2017 14:15:18 GMT

Russia plans to check if Facebook in compliance with law

Russian communications regulator Roskomnadzor is planning to check if Facebook was complying with Russia's law over its citizens' personal data storing on the social media website.

Wed, 08 Nov 2017 12:52:33 GMT

ConocoPhillips will increase spending

The largest US independent natural gas and oil producer on Wednesday announced plans to spend %.5.5 billion annually until 2020 on capital products, as long as oils prices remain above $50 mark.

Wed, 08 Nov 2017 12:51:16 GMT

Ford and Zotye Auto will invest in joint venture

Ford Motor and the Chinese auto maker Anhui Zotye Automobile have made an agreement to invest $756 million in developing electric passenger vehicles.

Wed, 08 Nov 2017 12:01:39 GMT

Airbus knew of software issue

Spanish investigators have found out that both Airbus and European safety regulators had been warned in 2014 about the software vulnerability of the A400M military plane.

Wed, 08 Nov 2017 11:17:54 GMT

Netherlands will investigate tax deals

The Dutch government has announced that they will review 4,000 tax deals between the government and various companies. This comes after the discovery of an error in the tax draft with Procter & Gamble.

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