News

Note: This section contains information in English only.
Sat, 27 Apr 2019 14:29:48 GMT

Japanese retail sales grow 1.0% in March

Japan's retail sales increased 1.0% year-over-year in March, compared with the median projection for a 0.8% rise, government data revealed.

Sat, 27 Apr 2019 12:56:03 GMT

Intel to sale 5G modem business

Intel Corp was exploring strategic scenarios for the company's modem chip business, including a sale to acquirer, such as Apple, the WSJ reported, citing sources familiar with the matter.

Sat, 27 Apr 2019 12:53:22 GMT

China's Xi hails more than $64B worth BRI deals

President Xi Jinping touted more than $64B worth deals signed during the Chinese Belt and Road Initiative this week, as he sought to reassure sceptics that the project is likely to fuel sustainable expansion for all participants.

Sat, 27 Apr 2019 12:33:09 GMT

Putin wants Iran to continue oil exports

Vladimir Putin, the President of Russia, stated that he hoped oil exports from Iran would continue despite Washington's attempts to stop them.

Sat, 27 Apr 2019 12:31:29 GMT

Sudan signs $200M loan with AFESD

Sudan signed a $200 million loan deal from the AFESD based in Kuwait, aiming to finance development projects in the country, state news agency SUNA reported.

Sat, 27 Apr 2019 11:17:13 GMT

Mexico's exports drop 1.2% in March

Mexican exports decline 1.2% in March year-over-year, with manufacturing shipments falling 0.9% in the reported month, according to the report by the INEGI.

Sat, 27 Apr 2019 11:14:39 GMT

Daimler's Q1 profits down on weaker sales

Pre-tax profits of Daimler declined significantly around €500M to a total of €2.8B in the first quarter of the fiscal year of 2019, the German carmaker reported.

Sat, 27 Apr 2019 10:15:22 GMT

Belarus to increase export duties over oil

Belarus is set to raise export duties over oil and oil products that will be exported outside the EAEU on May 1, the government stated.

Sat, 27 Apr 2019 10:14:55 GMT

France's unemployment rate at five-year low

A total of 3.391M people in France were registered as unemployed in the Q1 of this year, the lowest level since 2014, an official report showed.

Sat, 27 Apr 2019 08:57:25 GMT

China's Yili revenues increase 17.1% in Q1

Yili Group, the Chinese dairy giant, reported revenues of nearly $3.4B in the first quarter of this year, up 17.1% on a yearly basis.

Sat, 27 Apr 2019 08:56:47 GMT

Philippines' inflation decelerates to 3.8%

The inflation in the Philippines eased further to 3.8 in the first quarter of this year from 5.9% in the Q4 of 2018, mainly due to significant decline in food prices.

Sat, 27 Apr 2019 07:53:15 GMT

South Korean passenger car export up 2.7%

South Korea's passenger car exports increased in the first quarter over solid demand from Russia and North America, customs office data revealed.

Sat, 27 Apr 2019 07:52:58 GMT

Singapore's manufacturing production down 4.8%

Singapore's EDB announced that the country's manufacturing production decreased 4.8% year-over-year in March, compared to a revised 2.6% rise in February.

Sat, 27 Apr 2019 07:31:46 GMT

US opens probe into emissions certification of Ford

The US Justice Department opened a criminal probe into Ford Motor's emissions certification process in the US, the automaker stated, adding that it cooperated fully with the investigation.

Sat, 27 Apr 2019 07:30:21 GMT

Debenhams puts nearly 1.2K jobs at risk

Debenhams is set to close 22 stores in 2020, putting nearly 1.2K jobs at risk, under the plan to put the ailing UK retailer on a stable financial footing.

Sat, 27 Apr 2019 05:50:31 GMT

Musk reaches deal with SEC

According to a court filing, Tesla's Chief Executive Officer Elon Musk has agreed to new vetting rules for tweets in the US Securities and Exchange Commission deal.

Sat, 27 Apr 2019 05:50:21 GMT

Altmaier says EU countries want to deal with China as a group

Peter Altmaier, the German Economy Minister, said on Friday that major EU countries want to sign bilateral agreements with China as a group.

Sat, 27 Apr 2019 04:53:27 GMT

Proton secures $455M deal from China Construction Bank

Malaysia's carmaker Proton would get about $455.10 million in financing from China Construction Bank, the company announced on Friday.

Sat, 27 Apr 2019 04:53:19 GMT

Argentina's Peso declines

The Argentine Peso edged lower against the US Dollar on Friday, the currency pair ended the rollercoaster week with a record low.

Sat, 27 Apr 2019 04:10:01 GMT

Profits at China's industrial firms rise by 13.9%

According to the Chinese Zhu Hong of the Statistics Bureau, China's industrial profits grew by 13.9% in March.

Sat, 27 Apr 2019 04:09:50 GMT

Server system breakdown affects Air India flights

On Saturday, Air India announced that its server system has broken down and some its flights would be affected across the globe.

Fri, 26 Apr 2019 20:01:07 GMT

Uber scales back terms for IPO

According to a regulatory filing, released on Friday, Uber Technologies is seeking a valuation of its IPO to $91B, when it goes public on the New York Stock Exchange.

Fri, 26 Apr 2019 20:00:56 GMT

European shares edge higher

On Friday, European shares edged higher. The surge was attributed to data that showed, that the US GDP rose by 3.2% in the first quarter.

Fri, 26 Apr 2019 19:01:07 GMT

Conte says Huawei won't face discrimination

On Friday, the Italian Prime Minister Giuseppe Conte has assured Huawei Technologies that it won't face discrimination in Italy, as the company is preparing to rollout Italy's 5G network.

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