News

Fri, 20 Jul 2018 09:51:16 GMT

FINMA: Rothschild Bank violated AML rules in 1MDB case

The Swiss banking regulator FINMA said that Rothschild Bank AG had violated anti-money laundering rules when doing business with the Malaysian wealth fund 1MDB.

Fri, 20 Jul 2018 08:35:08 GMT

US tariffs likely to hit Apple Watch, FitBit

The latest US tariffs imposed on the $200B Chinese goods are likely to hit Apple Watch's streaming music speakers, health trackers and other accessories that are assembled in China.

Fri, 20 Jul 2018 08:26:47 GMT

SoftBank's Vision Fund to make investment into China AI start-up

SoftBank's Vision Fund is planning to invest nearly $1.0B in China's developer of a facial recognition technology, the Bloomberg report showed on Friday.

Fri, 20 Jul 2018 07:28:59 GMT

AirAsia X to pursue IPO for its Thai unit

AirAsia X is seeking an initial public offering for its Thai unit in the near time, amid intention to reshuffle itself into the group holding company, the co-CEO Tony Fernandes stated on Friday.

Fri, 20 Jul 2018 07:28:08 GMT

Telia Company to acquire Bonnier's TV arm for $1.0B

On Friday, Sweden's Telia Company has clinched a deal to acquire Bonnier's Broadcasting unit valued at $1.0B, as part of its strategy to target the Nordic core markets.

Fri, 20 Jul 2018 06:18:03 GMT

Germany close to invest in 50Hertz, seeks to fend off State Grid

Germany is getting closer to investing into 50Hertz, as it seeks to fend off the Chinese firm State Grid at the upcoming auction for a 20% stake in Germany's HV energy network operator.

Fri, 20 Jul 2018 06:17:00 GMT

Ethiopian Airlines in talks over stake purchase in Eritrean Airlines

On Thursday, Ethiopian Airlines' CEO Gebre Mariam stated the company was in discussion over a stake takeover in Eritrean Airlines with intention to determine their deal's size.

Fri, 20 Jul 2018 05:03:48 GMT

Japan to re-think necessity of Aegis Ashore missile system

In light of release of environmental impact study the government of Japan could re-consider necessity of deployment of the American Aegis Ashore missile systems.

Fri, 20 Jul 2018 05:03:36 GMT

Oil prices rise despite fears of economic slowdown

Crude oil prices increased by 14 cents on Friday morning, reaching $69.60 a barrel, despite widespread concerns about the upcoming economic slowdown caused by restored trade wars.

Fri, 20 Jul 2018 04:18:45 GMT

North Korean GDP down 3.5%

According to South Korean estimates, the growth of its northern neighbour's economy dropped by 3.5% from the previous year, thus marking the largest decrease in the last twenty years.

Fri, 20 Jul 2018 04:13:07 GMT

Ortega calls for peace

At celebration of the 39th anniversary of the Sandinista revolution the President of Nicaragua Daniel Ortega called protesters to stop destabilizing the country and restore order and peace.

Fri, 20 Jul 2018 02:52:34 GMT

Volkswagen to furlough Brazil's 1K workers as sales weaken

Volkswagen AG is set to furlough about 1K workers at the company's largest plant in Brazil, representatives of the union stated, amid slumping exports to Argentina and weaker economic expansion.

Fri, 20 Jul 2018 02:51:21 GMT

BoJ inflation goal dims as prices hardly budge

Japan's core inflation growth quickened modestly last month, with the rise supported mainly by gains in oil prices with costs of other goods picking up slightly, a setback for the mission of the Bank of Japan to get 2% inflation.

Fri, 20 Jul 2018 02:34:58 GMT

Microsoft beats forecasts on revenue in cloud services

Microsoft Corp reported quarterly revenue and profit that beat analysts' forecasts, as more businesses signed up for the company's Office 365 and Azure cloud services.

Fri, 20 Jul 2018 02:31:26 GMT

German FinMin sees growth to pick up in Q2

Germany's economic growth was likely to accelerate slightly in the Q2 from 0.3%t in the prior quarter, though the threat of a trade war and Brexit presented risks to the outlook, the Finance Ministry stated.

Thu, 19 Jul 2018 20:23:46 GMT

Canada's Tilray lifts 36% in trading debut

Tilray, the Canadian medical marijuana firm, has lifted about 36% in its US trading debut this Thursday, after raising around $153M in the IPO.

Thu, 19 Jul 2018 20:22:31 GMT

US computer coding training camps Hack Reactor, Galvanize to merge

The US computer coding boot camp Hack Reactor is set to merge with its rival Galvanize to establish the biggest privately held coding training school, both companies announced on Thursday.

Thu, 19 Jul 2018 19:20:55 GMT

Nielsen says US must be ready for more Russian meddling

On Thursday, US Homeland Secretary Kirstjen Nielsen said the United States needed to be ready for any attempt by Russia to interfere in the mid-term election this year.

Thu, 19 Jul 2018 19:20:37 GMT

PM's spokeswoman says No-deal Brexits unlikely

The spokeswoman for Prime Minister Theresa May stated on Thursday that the progress UK has made in discussions to leave the EU suggests that Britain will not crash out without a deal.

Thu, 19 Jul 2018 18:06:33 GMT

Putin advise NATO against closer connections with Georgia and Ukraine

On Thursday, Russian President Vladimir Putin warned the North Atlantic Treaty Organization against developing closer connections with Georgia and Ukraine suggesting that such policy is irresponsible.

Thu, 19 Jul 2018 18:06:04 GMT

IMF: No Brexit deal could cost EU 1.5% of GDP

International Monetary Fund stated on Thursday that No-deal Brexit would cost long-term damage to European Union countries, an equivalent of 1.5% of annual GDP.

Thu, 19 Jul 2018 17:06:10 GMT

China, Russia delays US effort to stop refined petroleum exports to NK.

On Thursday, China and Russia delayed an effort made by the United States for a UN Security Council committee order to stop refined petroleum sales to North Korea.

Thu, 19 Jul 2018 17:04:22 GMT

Wall Street declines on weak earnings

US stocks plummeted on Thursday after weak quarterly earnings reports, while the US Dollar hit a one-year high because of the Federal Reserve's positive assessment of the US economy.

Thu, 19 Jul 2018 16:30:43 GMT

Sudan inflation hits 64% in June on falling currency

Sudan's inflation grew to 63.87% year-over-year in June, from 60.93% in May, the statistics agency stated on Thursday, as the dollar-starved country fights with the economic crisis.

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