News

Fri, 09 Nov 2018 06:17:11 GMT

Oil prices plunge amid rising supply

Crude oil prices decreased by 0.1% or 4 cents on Friday morning, reaching $65.60 per barrel, being mainly influenced by rising supply and concerns over a slower economic growth.

Fri, 09 Nov 2018 05:26:12 GMT

President Moon makes changes in economic bloc of his government

On Friday, the President of South Korea Moon Jae-in sacked his two senior economic policymakers, the Finance Minister Kim Dong-yeon and Chief Presidential Policy Aide Jang Ha-sung, and replaced them by Hong Nam-ki and Kim Soo-hyun.

Fri, 09 Nov 2018 05:21:21 GMT

AirAsia X likely to alter its Airbus order

The AirAsia X Malaysia CEO Benyamin Ismail stated on Friday that the company was considering to replace part of the ordered 34 Airbus A330neo jets by A321neo model.

Fri, 09 Nov 2018 04:33:24 GMT

British retail sales decline ahead of year-end sales

Spending in the UK shops dropped in annual terms over the month of October, an unpromising sign before the crucial period in the end of the year for already-squeezed retailers, a survey revealed.

Fri, 09 Nov 2018 04:25:15 GMT

Bombardier to sell units, cut 5K jobs

Bombardier stated that it is set to sell two businesses for around $900M and cut 5K jobs, as it expands its jet and rail divisions, though the company's shares fell 26% on a disappointing forecast for free cash flow.

Fri, 09 Nov 2018 02:58:46 GMT

VW to sell EV for less than $23K

Volkswagen announced the intention to sell electric vehicles for $22,836 and protect Germany's jobs by converting three factories to make Tesla rivals, a source familiar with the matter said.

Fri, 09 Nov 2018 02:53:09 GMT

Chinese producer inflation growth weakens in October

China's producer price growth slowed for the fourth month in October due to ebbing manufacturing activity and cooling domestic demand, underscoring rising pressure in the face of trade frictions with the US.

Thu, 08 Nov 2018 21:24:08 GMT

UK seeks Chinese investment

Chinese is likely to invest in 70 large investment projects in Britain, the Chairman of the China-Britain Business Council Lord Sassoon says.

Thu, 08 Nov 2018 21:23:20 GMT

Premier Li asks to maintain healthy economy

China needs more efforts to maintain stable performance and healthy development of the economy, the Chinese Premier Li Keqiang says.

Thu, 08 Nov 2018 19:55:04 GMT

Turkish president to meet Qatari emir

The Qatari Emir Sheikh Tamim bin Hamad Al-Thani plans a visit to Turkey to visit the Turkish President Recep Tayyip Erdogan, the Presidential Office says.

Thu, 08 Nov 2018 19:54:16 GMT

Greece's unemployment declines to 18.9% in August

The unemployment rate in Greece declined to 18.9% in August 2018, the Hellenic Statistical Authority data released on Thursday shows.

Thu, 08 Nov 2018 19:34:11 GMT

Continental AG confirms earnings forecast

The German car supplier Continental AG confirmed its outlook for 2018 on Thursday despite weak earnings in the third quarter.

Thu, 08 Nov 2018 19:33:12 GMT

China, Ukraine want better cooperation

China and Ukraine seek deeper cooperation in sectors including infrastructure, agriculture and energy, the Ukrainian First Deputy Prime Minister Stepan Kubiv says.

Thu, 08 Nov 2018 18:39:02 GMT

Sudan's President plans to reopen border with S. Sudan

Sudan plans to reopen the border with South Sudan and resume trade between the two nations, the Sudanese President Omar al-Bashir says.

Thu, 08 Nov 2018 18:37:58 GMT

World Bank approves $350M credit to Tanzania

The World Bank approved $350M credit to Tanzania to build infrastructure for delivering water to 3 million people in rural areas.

Thu, 08 Nov 2018 17:25:19 GMT

Vietnam seeks half of social media users moving to domestic platforms

Vietnam is seeking 50% of the country's social media users to switch to the domestic platforms by 2020 amid Vietnam's intention to halt "toxic information" on Google and Facebook.

Thu, 08 Nov 2018 17:21:14 GMT

Israel's Coronet ties up with Dropbox over security platform

Israeli cybersecurity firm Coronet stated on Thursday it had partnered with Dropbox to attract millions of new clients for the company's platform that provides data breach protection.

Thu, 08 Nov 2018 16:36:55 GMT

Tencent trims marketing budget for key gaming division

The Chinese tech titan Tencent Holdings is reducing its marketing budget for the company's main gaming division due to a crackdown on China's industry, sources reported on Thursday.

Thu, 08 Nov 2018 16:32:45 GMT

Cisco teams up with Amazon over app performance in cloud

Cisco Systems tied up with Amazon Web Services, intending to provide software tools to Cisco's customers that would ease the Amazon data centres' usage to run business applications.

Thu, 08 Nov 2018 15:35:49 GMT

Toy maker Science4You plans shares listing next year

Portugal's educational toy producer Science4You is planning to float its shares worth at $17M in 2019 to stoke its further expansion, the company stated on Thursday.

Thu, 08 Nov 2018 15:21:28 GMT

US initial jobless claims fall 1K last week

The number of applications for US unemployment benefits dropped to 214K in the week ending November 3, from the preceding upwardly revised 215K reading.

Thu, 08 Nov 2018 14:09:21 GMT

Anadarko plans midstream assets, pipeline sale worth $4.0B

Anadarko Petroleum, the gas and oil producer, announced its plans to sell about all of the maker's midstream storage assets, as well as pipelines, to Western Gas Partners in a $4.02B deal.

Thu, 08 Nov 2018 14:03:27 GMT

Nine gets regulator approval for Fairfax buyout

On Thursday, the Australian competition watchdog has granted its approval for Nine Entertainment's $1.6B worth buyout of the newspaper publisher Fairfax Media.

Thu, 08 Nov 2018 13:35:24 GMT

America's CommScope to acquire Arris for $7.4B

On Thursday, CommScope Holding, the US telecom equipment maker stated it would acquire the set-top box producer Arris International in a deal valued at $7.4B to boost the business ahead of the global 5G roll-out.

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