News

Fri, 16 Feb 2018 11:18:48 GMT

OPEC's output cut could hit Russia's economy, says central bank

The Bank of Russia said in a statement this Friday that the proposed output cut of OPEC and non-OPEC countries to increase oil prices could hit the Russian economy in 2018.

Fri, 16 Feb 2018 11:03:04 GMT

Reuters: Walmart plans buying 40% stake in India's Flipkart

The US-based retail corporation Walmart Inc was in talks with the Indian e-commerce company Flipkart for the purchase of more than 40% of its stake, Reuters reported on Friday.

Fri, 16 Feb 2018 10:34:51 GMT

Pakistan sends troops on training mission to Saudi Arabia

Pakistan is planning to send its troops on an advice and raining mission to Saudi Arabia, following its decision three years ago not to send the soldiers to participate in the Saudi-led intervention in Yemen.

Fri, 16 Feb 2018 10:29:50 GMT

EU to lift visas after Turkey eases counter-terrorism laws

On Friday, the European Union stated that it was not eager to ease travel measures for Turkish citizens, unless Turkey softened its counter-terrorism laws, which the bloc found excessive.

Fri, 16 Feb 2018 09:34:52 GMT

US Senate rejects "Dreamer" immigration bills

The US Senate has rejected immigration bills on Thursday, leaving the "Dreamers" in limbo.

Fri, 16 Feb 2018 09:33:01 GMT

Senate names Damers as head of JD's national security

On Thursday, the US Senate confirmed John Damers would head the national security division of the Justice Department, following a lifted hold by the Republican senator over marijuana policy.

Fri, 16 Feb 2018 08:34:27 GMT

Erdogan meets Tillerson for open talks to mend ties

On Thursday, the Turkish leader Tayyip Erdogan and the US diplomat Rex Tillerson met for the open and productive talks on mending their ties after they were strained amid policies on Syria.

Fri, 16 Feb 2018 08:28:09 GMT

Audi: reports on CEP Stadler's ouster are false

Matthias Mueller, the Audi chairman, stated on Friday that the reports on the CEO Rupert Stadler's imminent ouster were false.

Fri, 16 Feb 2018 07:33:21 GMT

Russian central bank: $6M stolen in attack on SWIFT system

On Friday, Russia's central bank stated that $6M were stolen in a cyber-attack on the SWIFT payments messaging system last year.

Fri, 16 Feb 2018 07:28:38 GMT

OAS anti-corruption mission head in Honduras quits

The head of the OAS anti-corruption mission in Honduras Juan Jimenez is eager to resign due to an absence of support from the country's authorities and clashes over the OAS leadership.

Fri, 16 Feb 2018 06:25:40 GMT

Catepillar contests $2.3B in taxes and penalties

Catepillar stated it was contesting $2.3B in taxes and penalties proposed by the US Internal Revenue Service and did not expect the case to have any material implications on its finances.

Fri, 16 Feb 2018 06:24:00 GMT

Japan's Aso warns against Yen gains

On Friday, the Japanese Minister of Finance Taro Aso warned against a rise in the Yen, adding he would react suitably to currency fluctuations.

Fri, 16 Feb 2018 05:27:21 GMT

Kuroda reappointed as BoJ head

On Friday, Japan reappointed Haruhiko Kuroda for the Bank of Japan Governor's position for another term, signalling the CB will be in no rush to trim its stimulus programme.

Fri, 16 Feb 2018 05:26:33 GMT

Mercado Libre to open two distribution centres in Mexico

The Latin American e-commerce company Mercado Libre unveiled its plan to open two big distribution centres in the state of Mexico in an attempt to better the firm's logistics in the country.

Fri, 16 Feb 2018 04:23:18 GMT

Google to buy Xively for $50M

Google announced plans to acquire Xively for $50M, aiming to take over sales from businesses managing an increasing number of internet-connected devices.

Fri, 16 Feb 2018 04:21:32 GMT

RBA Lowe sees inflation, jobs to decide over next rate increase

The RBA Governor Philip Lowe stated that the timing of the RBA first rate hike since 2010 would depend on the progress in returning inflation nearer to the bank's target and lowering unemployment.

Fri, 16 Feb 2018 03:21:04 GMT

Japanese cryptocurrency industry to form self-regulatory body

Sources close to the matter reported on Friday that two Japanese cryptocurrency industry organisations were planning to merge to create a self-regulatory body.

Fri, 16 Feb 2018 03:13:44 GMT

US regulators reject sale of CHX to China-led group

On Thursday, US regulators rejected the sale of the Chicago Stock Exchange to a group led by Chinese investors.

Thu, 15 Feb 2018 20:56:38 GMT

Airbus revenue pushes stock to new highs

Airbus stock increased more than 10% on Thursday, the biggest gain in five years, after the company announced strong performance in 2017.

Thu, 15 Feb 2018 20:55:37 GMT

US regulator warns of crypto currency "pump-and-dump" schemes

The US derivatives regulator warned investors about possible crypto currency "pump-and-dump" schemes that target retail investors by inflating token prices through spreading fake information.

Thu, 15 Feb 2018 20:37:13 GMT

IDB ready to loan Iraq $500M

The Islamic Development Bank is ready to finance Iraq infrastructure projects with $500M, the President Bandar Hajjar says.

Thu, 15 Feb 2018 20:36:31 GMT

Boeing CEO: "getting closer" on deal with Embraer

Boeing is "getting closer" to a deal with the Brazilian plane maker Embraer, the Chief Executive Officer Dennis Muilenburg says.

Thu, 15 Feb 2018 19:18:48 GMT

Ireland, Britain to restore Northern Ireland talks

The Irish and British governments want to re-establish talks on Northern Ireland, the Irish Foreign Minister Simon Coveney says.

Thu, 15 Feb 2018 19:17:03 GMT

AbbVie to repurchase $10B of shares, increase dividend

AbbVie, a pharmaceutical company, plans to repurchase $10B of stock and increase its quarterly dividend, the company says.

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