News

Note: This section contains information in English only.
Sat, 18 May 2019 08:57:10 GMT

Overstock's CEO Byrne hits out at shareholders

Patrick Byrne, the Chief Executive Officer of Overstock.com, defended his personal stock sale after the company's shareholders questioned the move.

Sat, 18 May 2019 07:58:36 GMT

China resolutely opposes unilateral sanctions against Iran

A senior Chinese diplomat Wang Yi told Mohammad Javad Zarif, the Iranian Foreign Minister, that China opposes unilateral US sanctions against Iran.

Sat, 18 May 2019 07:58:25 GMT

US stocks decline

Wall Street edged lower on Friday, after a three consecutive trading session of gains, following China's media tough talk on trade.

Sat, 18 May 2019 07:03:46 GMT

Samsung undecided on additional investment in China

On Friday, Samsung Electronics Co announced that it had not made a decision on further investment in its memory chip plant in Xian, China.

Sat, 18 May 2019 07:03:25 GMT

China's Central Bank to cut borrowing costs

On Friday, the Central Bank of China announced that it would cut funding costs, mostly for small companies, amid US trade tensions.

Sat, 18 May 2019 05:51:19 GMT

US consumer sentiment reaches fifteen-year high

The University of Michigan announced that the US consumer sentiment reached a fifteen-month high in early May. However, the gains were recorded before the latest US-China trade war.

Sat, 18 May 2019 05:51:00 GMT

Trump to delay decision on tariffs on imported cars and parts

On Friday, the White House announced that the US President Donald Trump would delay a decision on tariffs on cars and parts imported from Japan and the European Union.

Sat, 18 May 2019 03:59:18 GMT

Nestle to increase natural and organic products in Brazil

Nestle's head of Marketing and Communications Frank Pflaumer stated on Friday that the company would boost its natural and healthier food products in Brazil.

Sat, 18 May 2019 03:58:52 GMT

FBI to investigate J&J, GE, Philips and Siemens

According to sources with knowledge of the matter, the FBI is investigating Johnson & Johnson, Philips, Siemens and General Electric over the Brazilian graft case.

Sat, 18 May 2019 02:58:44 GMT

Brexit negotiations collapse

Brexit talks between the UK Prime Minister Theresa May and the opposition Labour Party have broken down, throwing the United Kingdom further into political disarray.

Sat, 18 May 2019 02:58:31 GMT

Shares of Pinterest decline by 17%

On Friday, Pinterest's shares edged lower by about 17% after forecast showed that it would take the company two years to become profitable.

Sat, 18 May 2019 02:23:55 GMT

Safe-haven Japanese Yen edges higher

The Japanese Yen edged up against a basket of major currencies on Friday, and the Chinese Yuan hit a six-month low, as the US-China trade war increased concerns about the global economic growth.

Sat, 18 May 2019 02:17:39 GMT

Scholz expects OECD to agree on taxation for digital firms

Olaf Scholz, Germany's Finance Minister, said that he expected the OECD to reach an agreement on minimum taxation for digital firms by 2020.

Fri, 17 May 2019 20:01:16 GMT

Canada manufacturing expands

Manufacturing sales increased 2.1% to $43B in March on better sales of transportation equipment and primary metals, the Statistics Canada reports.

Fri, 17 May 2019 20:00:57 GMT

S. Korean industrial companies report decline in profits

South Korean industrial companies reported a decline in profits in the first quarter of the current year on the global economic slump, data published by the national stock exchange shows.

Fri, 17 May 2019 19:07:29 GMT

China invests $222B in healthcare sector

The Chinese government invested more than $222B in the healthcare sector the previous year, an annual growth of 11.7%, the State Council of the People's Republic of China reports.

Fri, 17 May 2019 19:07:08 GMT

ADB meets with Malaysian PM to discuss loans

The Asian Development Bank President Takehiko Nakao met with the Malaysian Prime Minister Mahathir Mohamad to discuss loans for projects in energy and transportation sectors.

Fri, 17 May 2019 18:02:21 GMT

Samsung to invest $14B in chip plant

Samsung is investing more than $14B to build its chip plant in the northwest China's Shaanxi Province, the Vice President of Samsung China Semiconductor, Hyunki Ji, says.

Fri, 17 May 2019 18:01:33 GMT

China-CEEC agricultural trade expands

The agricultural trade between the Central and Eastern European Countries and China has grown rapidly to $1.2B on an annual basis, the Minister of Agriculture and Rural Affairs Han Changfu says.

Fri, 17 May 2019 17:02:22 GMT

Japanese Abe meets Chinese officials to discuss ties

The Japanese Prime Minister Shinzo Abe met with the Director of the Office of the Foreign Affairs Commission, Yang Jiechi, to discuss bilateral relations.

Fri, 17 May 2019 17:01:33 GMT

Trump postpones auto tariffs

The US President Donald Trump postponed tariffs on imported cars and car parts for half a year to "address the national security threat", the White House reports.

Fri, 17 May 2019 16:35:17 GMT

S. Africa wants more innovation in tourism sector

South Africa wants more innovation in the tourism sector to offer new tourist destinations, the Tourism Minister Derek Hanekom says.

Fri, 17 May 2019 16:31:01 GMT

China: net capital inflow from foreign investors rises

Financial institutions reported capital inflow of $761M from investors in the first three months of 2019, the State Administration of Foreign Exchange reports.

Fri, 17 May 2019 15:34:47 GMT

Pinterest shares drop as annual forecast disappoints

On Friday, Pinterest's shares dropped 17% after the company's annual estimates disappointed investors, raising concerns over the online scrapbook firm's capability to turn into profit in the nearest time.

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