News

Note: This section contains information in English only.
Tue, 22 Aug 2017 05:53:52 GMT

PBOC to enhance regulation of fintech companies

The People's Bank of China stated that it is set to strengthen regulation of fast-growing companies, which are engaged in financial technologies, in attempt to prevent risks.

Tue, 22 Aug 2017 05:04:56 GMT

Oil prices rise amid tightening supply

On Tuesday, crude oil prices rose by 0.3% to $51.83 a barrel amid a signs of a gradually lowering supply.

Tue, 22 Aug 2017 05:04:48 GMT

BHP wants to quit US shale business

On Tuesday, the Anglo-Australian BHP revealed its plans to exit from its unsuccessful American shale oil and gas business.

Tue, 22 Aug 2017 04:03:41 GMT

Trump plans to increase US presence in Afghanistan

On Monday, the US President Donald Trump revealed its plans to increase the US military presence in Afghanistan within the framework of a reviewed regional strategy, promising to "fight to win".

Tue, 22 Aug 2017 04:03:27 GMT

Sempra Energy to acquire Oncor for $9.45B

Sempra Energy announced it will acquire the US electric transmission and distribution service provider Oncor for $9.45B after its indirect owner failed to sell the company to Buffett's Berkshire Hathaway.

Tue, 22 Aug 2017 03:32:03 GMT

Macy's set to restructure its merchandising unit

Macy's announced that the company would restructre its merchandising unit and merge it with private and planning brands, which is likely to result in 100 jobs cut.

Tue, 22 Aug 2017 03:31:46 GMT

Trump to visit town near US-Mexican border in Arizona

Donald Trump would attend a border protection object located in a town near the US-Mexican border in Arizona, while looking for funding for the wall he intended to build.

Tue, 22 Aug 2017 02:09:44 GMT

OPEC to discuss extending or ending production cuts this Autumn

Kuwait Oil Minister stated that OPEC is expected to discuss at a November's meeting wether to end or extend production cuts.

Tue, 22 Aug 2017 02:08:15 GMT

Lockheed wins $427M US defence contract

Lockheed Martin and its subsidiary Lockheed Martin Aeronautics were awarded a $427M worth contract for pilot flight equipment and ancillary military equipment. the Pentagon stated.

Mon, 21 Aug 2017 19:51:02 GMT

Saudis to transfer airports ownership to sovereign fund

Saudi Arabia is set to move ownership of all airports to the Public Investment Fund, the country's major sovereign wealth fund, in privatization drive.

Mon, 21 Aug 2017 19:50:53 GMT

J&J requested to pay $417M in lawsuit on talc cancer risks

California jury ordered the Johnson & Johnson to pay nearly $417M to a woman claiming the development of ovarian cancer since she used the Johnson's talc-based products

Mon, 21 Aug 2017 19:20:42 GMT

China to boost financing guarantee services for small businesses

China is likely to enhance financing guarantee services provided for micro and small companies and the rural sector, rules published by the cabinet revealed.

Mon, 21 Aug 2017 19:18:31 GMT

EFTA court to offer way-out for UK after Brexit

The court of the EFTA is set to suggest a way-out for the United Kingdom, as it was looking for a new power to arbitrate in disputes following the EU quit.

Mon, 21 Aug 2017 18:07:12 GMT

Germany records deficit despite high tax revenues in July

The German government reported a budget deficit recorded in July, as record-high tax revenues were outweighed by increasing public expenditure.

Mon, 21 Aug 2017 18:06:29 GMT

JPMorgan promises to provide up to $2M to fight racism

JPMorgan stated on Monday that the company would contribute up to $2M to support human rights and fight racism after white nationalist rally, which was in Virginia.

Mon, 21 Aug 2017 17:15:48 GMT

OPEC oil supply likely to fall in August

OPEC oil supply would drop by 419K barrel per day in August, a company tracking OPEC shipments said, amid expectations for lower exports from Saudis and other producers' cuts

Mon, 21 Aug 2017 17:14:07 GMT

McDonald's to close 169 outlets in India

Fast food company McDonald's announced plans to close all the 169 restaurants in eastern and northern regions of India due to dispute with local partner.

Mon, 21 Aug 2017 16:23:27 GMT

Maersk to sell gas, oil branch to Total

Danish company Maersk signed an agreement on selling the company's gas and oil business to France's Total for $7.45B in a combined debt and share transaction.

Mon, 21 Aug 2017 16:22:21 GMT

Norway faces weakest population growth in Q2 since 2016

Statistics Norway revealed that the weak growth of births and immigrations resulted in the lowest increase of population in the June quarter since 2016.

Mon, 21 Aug 2017 15:16:54 GMT

Britain ready to move onto Brexit talks second phase

The UK was confident that its Brexit negotiations with the EU were making enough progress to move to a next phase in the talks to discuss its further cooperation by October.

Mon, 21 Aug 2017 15:15:26 GMT

Canadian wholesale sales dropped more than anticipated in June

Statitics Canada showed that the country's wholesale sales fell 0.5% month-over-month in June, following an upwardly revised 1.0% gain in May and missing forecasts for a 0.6% rise.

Mon, 21 Aug 2017 13:54:37 GMT

Total buys Maersk's oil business

Total has announced that it will buy the Maersk's gas and oil business for $7.45 billion. The company aims to increase their strength in the North Sea region.

Mon, 21 Aug 2017 13:53:09 GMT

Hong Kong investors are still interested in London

As Brexit process looms, investors are mostly dumping investments in the UK. However, Hong Kong investment in commercial London property has more than tripled during the last year.

Mon, 21 Aug 2017 13:08:46 GMT

Hezbollah fights Islamic State

Hezbollah of Lebanon has announced that the organization has used drones against Islamic State in Syria. It is the first time Hezbollah admits the use of drones to commit airstrikes.

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