News

Wed, 26 Dec 2018 17:53:10 GMT

Huawei to continue 5G network development

A privately-owned telecom solution provider Huawei plans to expand business operations related to the development of 5G network across the globe, the Huawei chairman Liang Hua says.

Wed, 26 Dec 2018 17:52:29 GMT

Trump insists on building border wall

The ongoing partial government shutdown in the US won't end until a border wall is approved, the US President Donald Trump says.

Wed, 26 Dec 2018 17:26:29 GMT

Iran to offer 3M barrels of oil

Iran plans to offer 3M barrels of crude oil to the private sector for exports, the Iranian Petroleum Minister Bijan Namdar Zanganeh says.

Wed, 26 Dec 2018 17:25:54 GMT

Zambia records $3.9B investment in 2018

Zambia received investments worth $3.9B in various sectors of the economy in 2018, the Zambia Development Agency reports.

Wed, 26 Dec 2018 16:09:54 GMT

Hassett says Federal Reserve Chairman job not in jeopardy

On Wednesday, Kevin Hassett, the White House economic adviser, said that the US Federal Reserve Chairman Jerome Powell's job is not at risk.

Wed, 26 Dec 2018 16:06:16 GMT

Wall Street's funded watchdog fines Morgan Stanley unit $10m

On Wednesday, Wall Street's funded watchdog penalised Morgan Stanley unit about $10 million for violations of anti-money laundering program.

Wed, 26 Dec 2018 14:53:24 GMT

Rusal's board chairman resigns amid US sanctions

Rusal, Russia's aluminium titan, announced on Wednesday its chairman of the board of directors Matthias Warnig had stepped down n the back of restructuring plan related to the US sanctions.

Wed, 26 Dec 2018 14:52:55 GMT

US sales surge during 2018 holiday shopping season

On Wednesday, a Mastercard report showed that the US sales surged as much as 5.1% to more than $850B this year due to the holiday shopping season, the best in the last six years.

Wed, 26 Dec 2018 14:26:17 GMT

Poland, Lithuania reach agreement on undersea power cable

The power grid operators of Lithuania and Poland agreed to construct the HVDC undersea power cable by 2025 amid a plan to build electricity grids connections of the Baltic states with the EU.

Wed, 26 Dec 2018 14:08:26 GMT

Swarm fined $900K for unauthorised satellite launch

The US Federal Communications Commission fined Swarm Technologies $900K for launching four experimental communications satellites, which threatened operations of government satellites and critical commercial.

Wed, 26 Dec 2018 13:39:33 GMT

Russia expects oil prices to stabilise in 2019 first-half

Alexander Novak, the Russian Energy Minister, stated he was expecting the oil prices, which dropped by over a third last month, to stabilise in the next year's first half.

Wed, 26 Dec 2018 13:36:51 GMT

Putin's attendance of Davos forum was not ruled out

On Wednesday, the Russian spokesman Dmitry Peskov stated that the Kremlin had not ruled out the President Vladimir Putin attending the Davos forum scheduled for the next month.

Wed, 26 Dec 2018 12:36:45 GMT

Koreas' road and rail links reconnection faces delay

A project launched by South and North Koreas on Wednesday to reconnect road and rail links between the two countries are facing construction delays due to the US sanctions put against North Korea over nuclear weapons.

Wed, 26 Dec 2018 12:04:00 GMT

Russia's Putin to meet Lukashenko once again before year-end

On Wednesday, Kremlin's spokesman Dmitry Peskov stated the two leaders of Russia and Belarus were set to meet one again before the year-end after failing to reach an agreement on financial compensation for Minsk.

Wed, 26 Dec 2018 11:38:36 GMT

Belarus, Russia fail on reaching agreement on financial compensation

Russia's President Vladimir Putin and Alexander Lukashenko, his Belarusian counterpart, failed to reach an agreement on a potential financial compensation for Minsk, Kremlin's spokesman announced on Wednensday.

Wed, 26 Dec 2018 10:39:06 GMT

Ex-Sinochem manager jailed for 12 years foe bribery

On Wednesday, China's state TV reported the country's court had sentenced the ex-general managed for Sinochem Group to twelve years in jail for graft.

Wed, 26 Dec 2018 10:36:10 GMT

Sun Corp plans selling Cellebrite's stake

Japan's Sun Corp is planning to sell 50% of its stake in Israel's digital intelligence firm Cellebrite in a potential deal valued at $400M, according to the Israeli financial newspaper.

Wed, 26 Dec 2018 09:39:31 GMT

US ITC to review ruling on iPhone ban

On Wednesday, the US International Trade Commission stated it was set to review whether the ruling on the Qualcomm request for banning some iPhones imports into the US was not in public interest.

Wed, 26 Dec 2018 09:25:49 GMT

South Korean exports seen increasing slowly y/y in December

South Korea's December exports are seen to rise less than in November amid the trade dispute between the United States and China, Reuters' survey showed on Wednesday.

Wed, 26 Dec 2018 08:38:39 GMT

Japan seeks promoting fair and free trade for global economy

On Wednesday, the Japanese Chief Cabinet Secretary Yoshihide Suga vowed that the government would promote the rules that protect fair and free trade for the global economy.

Wed, 26 Dec 2018 08:34:55 GMT

US biotech company Gossamer seeks launching IPO

The US biotech firm Gossamer Bio has filed for an initial public offering on the US Nasdaq with regulators to attract up to $264.5M.

Wed, 26 Dec 2018 07:07:22 GMT

Trump sees FED as only problem in American economy

The President Donald Trump called the Federal Reserve the "single problem" in the US economy, as key officials convened to negotiate an increasing rout in the stock markets caused by Trump's attacks on the country's Central Bank.

Wed, 26 Dec 2018 07:02:43 GMT

Insurance broker Marsh rolls out China desk in UAE

Risk adviser and insurance broker Marsh has launched its China desk in UAE's Dubai, seeking to tap growing commerce among the Middle East, Africa and China, the firm's Regional Chief Executive stated.

Wed, 26 Dec 2018 05:50:22 GMT

Uniper seeks selling French business to EPH

Germany's energy group Uniper has entered the exclusive talks with the central-EU energy group EPH, owned by the Czech billionaire Daniel Kretinsky, to sell its French business, not disclosing the financial details of a potential deal.

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