News

Fri, 22 Jun 2018 07:28:29 GMT

OPEC can't make supply deal

OPEC countries on Friday struggled to agree upon their common oil production policy, as Iran opposed an increase in production.

Fri, 22 Jun 2018 05:03:07 GMT

Japan orders to report suspicions transfers related to North Korea

According to source familiar with the matter, the Financial Services Agency of Japan told country's banks on Friday to report all suspicions transactions involving or made by 10 Japan-North Korea joint ventures.

Fri, 22 Jun 2018 05:02:59 GMT

Oil prices surges amid OPEC meeting

Crude oil prices soared on Friday by 1.5% or 95 cents, reaching $66.49 a barrel, amid ambiguity over whether members of the OPEC would agree to increase oil production.

Fri, 22 Jun 2018 04:19:48 GMT

Malaysia selects new head of central bank

According to a government source, Nor Shamsiah Mohd Yunus was elected on Friday as the new head of Malaysia's central bank, thus replacing a 92-year-old Muhammad Ibrahim.

Fri, 22 Jun 2018 04:18:56 GMT

China to impose anti-dumping tariffs on imported styrene

The Chinese Commerce Ministry stated on Friday it will introduce anti-dumping tariffs, ranging from 3.8% to 55.7%, on styrene supplied from Taiwan, South Korea and the United States.

Fri, 22 Jun 2018 03:08:12 GMT

GM to produce Chevrolet Blazer in Mexico

General Motors is expected to produce Chevrolet Blazer in Mexico, a company spokesman stated, when the US President Donald Trump was pressing automakers to build more cars in the US.

Fri, 22 Jun 2018 03:04:37 GMT

Japan's steady inflation in May shows BoJ stimulus not moving prices

Japan's core consumer inflation remained steady in May from the prior month, highlighting the challenge facing the Central Bank as more than five years of stimulus failed to push prices to its 2% goal.

Fri, 22 Jun 2018 02:35:05 GMT

Tesla to shut solar facilities in nine US states

Electric car producer Tesla's move last week to cut 9% of its workforce is likely to sharply downsize the solar business it purchased two years earlier in a controversial $2.6B deal.

Fri, 22 Jun 2018 02:30:29 GMT

Japan flash manufacturing PMI increases in June

Japan's manufacturing activity expanded in June at a stronger pace than the prior month, but export orders fell for the first time in nearly two years in a sign about overseas demand, a preliminary survey revealed.

Thu, 21 Jun 2018 20:03:16 GMT

US wants better defence integration with Europe

The French Defence Minister Florence Parly said on Thursday that the American leadership wants to create a common defence policy within NATO, thus increasing integration between Atlantic allies.

Thu, 21 Jun 2018 20:03:08 GMT

Haftar captures two oil ports

The spokesperson of Khalifa Haftar forces Ahmed al-Mesmari announced on Thursday that its military had taken under control the Ras Lanuf region, which includes the al-Sidra oil terminal.

Thu, 21 Jun 2018 19:04:35 GMT

Macron warns of growing populism in Europe

The President of France Emmanuel Macron noted on Thursday how actively populism was spreading across the European Union and called Europeans to stop perpetually criticizing pro-community leaders like him.

Thu, 21 Jun 2018 19:04:26 GMT

Edouard-Jean Empain dies at 80

According to Belgian media, the former head of industrial giant Schneider-Empain Edouard-Jean Empain died on Thursday at the age of 80.

Thu, 21 Jun 2018 18:04:31 GMT

North Korea liquidates four nuclear facilities

The US President Donald Trump noted on Thursday that North Korea began denuclearization via eliminating first four of its biggest objects designed for nuclear tests.

Thu, 21 Jun 2018 18:04:13 GMT

T-Systems to fire 10K people

Deutsche Telekom's lossmaking IT services provider T-Systems announced on Thursday that it plans to fire 10K employees in next three years to decrease costs and start generating profits once again.

Thu, 21 Jun 2018 17:04:03 GMT

OPEC to increase oil production

Members of the OPEC have practically agreed to expand oil production, as Iran softened its position and Saudi Arabia raised awareness about possible supply deficiency.

Thu, 21 Jun 2018 17:03:57 GMT

Intel CEO quits

The CEO of Intel Corp Brian Krzanich stepped down on Thursday as investigation revealed and proved his relationship with a female employee, which was against company policy.

Thu, 21 Jun 2018 15:50:31 GMT

EZ consumer confidence falls unexpectedly in June

Euro zone consumer confidence weakened more than anticipated in June, the European Commission's report revealed, adding to signs in the Q2 of an easing of the Zone's economic growth.

Thu, 21 Jun 2018 15:45:17 GMT

Taiwan's CB keeps rates unchanged

The Central Bank of Taiwan left its key interest rate unchanged, with robust growth in export orders helping to sustain solid economic expansion even amid US-China trade tensions.

Thu, 21 Jun 2018 14:51:26 GMT

FCC approves Cincinnati Bell, Hawaiian Telcom merger

The US Federal Communications Commission has approved a merger between the integrated communications provider Cincinnati Bell Inc and Hawaiian Telcom Holdco.

Thu, 21 Jun 2018 14:50:58 GMT

Marks & Spencer to integrate AI in stores, operations

The UK-based retailer Marks & Spencer has signed a cooperation deal with Microsoft in order to modernise its stores and operations with solutions powered by artificial intelligence.

Thu, 21 Jun 2018 14:36:21 GMT

Lime to introduce dock-free e-scooters in Paris

California's bicycle sharing platform Lime stated it would launch a dock-free electric scooters in the French capital of Paris starting from June 22.

Thu, 21 Jun 2018 13:58:49 GMT

AT&T to trigger wireless plans combined with video

AT&T is planning to launch two new wireless plans connected with the new video streaming platform called WatchTV, following its $85B takeover deal of Time Warner.

Thu, 21 Jun 2018 12:40:07 GMT

SAP seeks to double CRM business in few years

SAP SE is aiming to double its CRM marketing and sales software business in two years, the company's senior salesman stated to Reuters.

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