News

Note: This section contains information in English only.
Mon, 01 Apr 2019 04:54:57 GMT

Samsung C&T, Samsung Elec double chip production cost

Samsung C&T and Samsung Electronics nearly doubled the contract size related to the semiconductor production line construction, taking the total cost of their project to $1.29B.

Mon, 01 Apr 2019 04:50:21 GMT

Aramco's 70% stake purchase no to affect SABIC plans

SABIC CEO announced that the company's investment plans would not be affected by the oil titan Aramco's acquisition of its 70% majority stake, adding it was considering asset integration with Aramco to bolster the growth.

Mon, 01 Apr 2019 04:37:48 GMT

Petrobras to acquire part of Israeli gas tender

The Brazilian state-run oil company Petrobras is set to acquire a part of the Israeli offshore gas and oil latest tender, according to the statement made by Israel's energy minister Yuval Steinitz on Sunday.

Mon, 01 Apr 2019 02:55:56 GMT

Irish manufacturing expansion stable in Match

Ireland's manufacturing activity rose at an almost same pace in March compared to the prior month, as further stockpiling before Brexit mostly offset a decline in the output growth.

Mon, 01 Apr 2019 02:55:49 GMT

South Korean exports decline for fourth month in March

South Korea's exports decreased for a fourth month in succession in March, though at a slower pace, indicating the continued strain over the trade reliant economy and putting pressure on policymakers.

Mon, 01 Apr 2019 02:27:07 GMT

Japan's factory output drops at fastest pace in nearly three years

Japan's manufacturing activity decreased at a weaker pace in March than the prior month, though output fell at the fastest pace in nearly three years, a private survey revealed, reflecting weak demand abroad and at home.

Mon, 01 Apr 2019 02:24:25 GMT

Chinese manufacturing returns to expansion last month

China's manufacturing sector returned to growth unexpectedly for the first time in the four-month period in March, suggesting that government stimulus measures slowly gained traction, a private business survey revealed.

Sun, 31 Mar 2019 20:00:36 GMT

Nippon Steel to boost overseas operations

Japan's Nippon Steel is likely to bolster overseas business, especially in fast-expanding India, to bypass rising nationalism and capitalize over growth abroad as it faces weakening demand at home.

Sun, 31 Mar 2019 20:00:18 GMT

Wirecard: departure of compliance manager not linked to investigation

The departure of Royston Ng, the compliance manager of Wirecard, had no connection to Germany's payments firm's investigation into irregularities in Singapore, the company's spokesperson stated.

Sun, 31 Mar 2019 18:52:17 GMT

China to keep suspending extra tariffs on US auto parts, vehicles

The Chinese State Council stated that it would continue to suspend extra tariffs on the US auto parts and vehicles after April 1, following the US decision to delay tariff increases over Chinese imports.

Sun, 31 Mar 2019 18:51:59 GMT

Vogue magazine back in Greece

Vogue reached the newsstands in Greece in a relaunch after a seven-year absence, betting on the country's economic recovery and a revival in an appetite for fashion and lifestyle prints.

Sun, 31 Mar 2019 17:59:17 GMT

Walmart closes at least 11 stores in US

Walmart is expected to shutter at least 11 stores across eight states in the US, Business Insider reported, adding that the closing date of most of the outlets is April 19.

Sun, 31 Mar 2019 17:59:08 GMT

Chinese rail freight volume rises 3.3% in January-February

The volume of Chinese rail freight, an indicator of broader economic activity, increased 3.3% in the first two months of 2019, official data revealed.

Sun, 31 Mar 2019 17:20:09 GMT

CAOA signs deal with Ford on plant purchase

Brazil's automaker CAOA inked a confidentiality agreement to talk about potential purchase of Ford Motor 's plant in Sao Paulo, a source familiar with the matter stated.

Sun, 31 Mar 2019 17:14:24 GMT

India extends deadline to implement higher tariffs on 29 US products

India's government once again extended the deadline to implement duties over 29 US products, including walnut, pulses and almond, until May 2.

Sun, 31 Mar 2019 15:54:09 GMT

Facebook CEO: internet regulations to be updated

Mark Zuckerberg, the CEO of Facebook, called for regulators to be more active in establishing rules, which govern the internet, as the social media network struggled to defuse criticism.

Sun, 31 Mar 2019 15:53:40 GMT

Italy unlikely to change fiscal stance amid zero growth

Italy is unable to afford fiscal expansion while its economic growth was heading to near to zero, Giovanni Tria, the country's Treasury Minister, stated.

Sun, 31 Mar 2019 14:59:32 GMT

Cheniere Energy: LNG deals with China on hold

An executive of Cheniere Energy stated that deals with China for LNG were put on hold until the moment the country's trade dispute with the US is resolved.

Sun, 31 Mar 2019 14:56:55 GMT

Alibaba acquires Teambition, Slack competitor

Alibaba acquired Teambition, the platform for coworkers' collaboration similar to Slack and Trello, which raised nearly $17M in private financing.

Sun, 31 Mar 2019 14:27:06 GMT

Uzbekistan to transfer factories with boiler equipment to other fuels

Uzbekistan drafted a government decree, which is likely to order brick, lime and cement factories, as well as companies with boiler equipment to use alternative fuel instead of natural gas.s.

Sun, 31 Mar 2019 14:22:44 GMT

Ford to recall 610 cars in China

Ford Motor announced a plan to recall 610 cars sold in China's market amid defective electronic throttles, the Chinese market regulator stated.

Sun, 31 Mar 2019 13:33:05 GMT

Chinese factory activity strengthens in March

China's factory activity grew unexpectedly for the first time in the four-month period in March, an official survey revealed, suggesting that government stimulus measures started to take hold.

Sun, 31 Mar 2019 13:29:15 GMT

UK has limited options over Brexit

Britain has limited options available over Brexit and lawmakers should support the PM Theresa May's quit deal to avoid an exit with 'no deal' or no Brexit at all, the deputy Chairman of Conservative Party stated.

Sun, 31 Mar 2019 12:33:44 GMT

China's services sector expands in March

The Chinese services PMI increased to 54.8 in March from 54.3 in the previous month, offering respite for a weakening economic growth, an official survey revealed.

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