News

Wed, 07 Feb 2018 09:24:03 GMT

Steve Wynn resigns amid sexual misconduct claims

The US casino mogul Steve Wynn had resigned as Wynn Resorts CEO after allegations on sexual harassment and was replaced by the company's President Matt Maddox.

Wed, 07 Feb 2018 08:34:00 GMT

Kim Jong Un's sister to visit South Korean Winter Olympics

Sister of the North Korea's leader Kim Jong Un is planning to visit South Korea for the Winter Olympics this Friday, according to the Seoul Unification Ministry.

Wed, 07 Feb 2018 08:30:55 GMT

Tepco to pay $10M in damages to Fukushima residents

On Wednesday, Tokyo court ordered Tepco to pay about $10M in damages to a Fukushima residents group over the 2011 disaster when the firm's reactor melt downed in the north-eastern Japan.

Wed, 07 Feb 2018 07:32:00 GMT

Tronc to announce sale of Los Angeles Times

The Los Angeles Times owner Tronc is expected to sell the newspaper to the biotech investor and Tronc's major shareholder Patrick Soon-Shiong.

Wed, 07 Feb 2018 07:29:56 GMT

Trade in Winn Macau shares suspended

On Wednesday, trading in Winn Macau shares was halted, following last week's claims in a newspaper over sexual harassment from the US mogul Steve Winn.

Wed, 07 Feb 2018 04:32:20 GMT

Snapchat convinces investors on ability to fight Instagram

Shap, the owner of Snapchat, reported an increase in users and revenue in the last quarter, raising hopes that it could survive competition with Instagram and sending shares more than 20% up.

Wed, 07 Feb 2018 04:27:49 GMT

Samsung to start investing in new chip line

Samsung Electronics announced the decision to start investment to create a new memory chip line in the company's Pyeongtaek facilities in South Korea.

Wed, 07 Feb 2018 03:31:58 GMT

Japanese average cash earnings climb 0.7% in December

Japan's Ministry of Health, Labour and Welfare reported that average cash earnings climbed 0.7% year-over-year in December, surpassing analysts' expectations for a gain of 0.6%.

Wed, 07 Feb 2018 03:30:16 GMT

Australian construction activity rises last month

The Australian Industry Group reported on Wednesday that its Construction Index rose to 54.0 in January from the preceding month's 52.8.

Tue, 06 Feb 2018 21:23:28 GMT

US delivers combat weapons worth $11.7M to Lebanon

The US has delivered combat weapons worth $11.7M to Lebanon the previous week, the US embassy in Beirut says.

Tue, 06 Feb 2018 21:22:46 GMT

US National Security Advisor, Secretary of State to visit Turkey

The US National Security Adviser McMaster and the Secretary of State Rex Tillerson will visit Turkey the next week, a Turkish media agency reports.

Tue, 06 Feb 2018 20:37:24 GMT

Turkey wants to repair trust with US

Turkey wants to repair damaged trust with the US after a series of disagreements over the Syrian conflict, the foreign minister Mevlut Cavusoglu says.

Tue, 06 Feb 2018 20:36:33 GMT

EU wants power to limit UK single market access after Brexit

The European Union wants the right to restrict UK access to the single market after Britain leaves the EU, a document shows.

Tue, 06 Feb 2018 19:12:20 GMT

Turkey: no disagreement with Russia over Syria military operation

Russia and Turkey have no disagreements over Turkey's military operation in the northern Afrin region, the Turkish foreign minister says.

Tue, 06 Feb 2018 19:11:13 GMT

US regulators to ask more control over virtual currencies

US regulators plan to ask the Congress to pass policies to enhance oversight of cryptocurrencies, the head of the Securities and Exchange Commission says.

Tue, 06 Feb 2018 18:23:37 GMT

EU agrees to meet Erdogan despite poor relations

Top European Union officials plan to meet the Turkish President Tayyip Erdogan in March to discuss bilateral ties, an EU spokesman says.

Tue, 06 Feb 2018 18:22:35 GMT

Fed expects 4% GDP growth in Q1

The US economy is expected to expand at a 4% annualised rate in the first quarter of 2018, the Atlanta Fed says.

Tue, 06 Feb 2018 17:15:36 GMT

Ivey PMI falls unexpectedly in January

The Richard Ivey School of Business stated that its PMI for Canada fell to 55.2 in January, missing expectations for an increase to 60.4.

Tue, 06 Feb 2018 17:15:06 GMT

Canada's trade deficit widened to C$3.2B in December

The Canadian trade deficit widened more than expected to C$3.2B in the month of December, while economists anticipated the deficit of C$2.3B.

Tue, 06 Feb 2018 15:06:21 GMT

Credit Suisse to redeem VIX

Credit Suisse have announced that the bank will redeem prior to the expected date the highly popular ETN, which is blamed in the decline of the financial markets.

Tue, 06 Feb 2018 15:05:31 GMT

Wall Street continues to fall

US Stocks opened Tuesday's session as expected higher. However, just like on Monday, the initial opening was followed by a slight recovery.

Tue, 06 Feb 2018 14:18:00 GMT

World stock sell of hits record amount

The total lost stock value due to the recent stock sell off has reached $4 trillion. Meanwhile, the sell-off was expected to continue during US Tuesday's trading session.

Tue, 06 Feb 2018 14:17:28 GMT

New BoE policymaker issues warning

The newest policymaker of the Bank of England Elisabeth Stheeman has announced that London's real estate market is at risk due to small firms using it as collateral for loans.

Tue, 06 Feb 2018 13:09:56 GMT

Allergan posts its Q4 profit on Tuesday

On Tuesday, Allergan reported its Q4 net profit was $3.05B or $8.88 per share, following the previous year's loss of $70.2M.

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