News

Tue, 06 Feb 2018 13:09:47 GMT

Nissan to introduce new all-electric Leaf to Asia-Pacific markets

Nissan Motor is planning to launch a new version of the all-electric car Leaf in Asia-Pacific markets, including Australia, Malaysia, Singapore, South Korea, etc. within the next fiscal year.

Tue, 06 Feb 2018 12:22:00 GMT

Capital Dynamics to buy First Solar, SunPower JV

The asset manager Capital Dynamics announced it was planning to buy a joint venture firm of two solar power developers SunPower and First Solar for around $976.6M.

Tue, 06 Feb 2018 12:14:49 GMT

Lululemon's CEO Potdevin resigns on Monday

On Monday, Canada's Lululemon Athletica announced about its CEO Laurent Potdevin abrupt resignation, stating he had contravened the company's "standards of conduct".

Tue, 06 Feb 2018 11:01:22 GMT

PBOC will keep prudent monetary policy in 2018

The People's Bank of China pledged to maintain its neutral monetary policy, as well as improve the management of shadow banking and online financial regulation during 2018.

Tue, 06 Feb 2018 10:57:51 GMT

European shares plunge to new lows on Tuesday

European shares fell to a five-month low on Tuesday, as global sell-off resulting from concerns over rising bond yields and inflation caused high market volatility.

Tue, 06 Feb 2018 10:06:16 GMT

Azeri opposition to boycott Presidential election

According to the Azerbaijan opposition the National Council of Democratic Forces head Jamil Hasanly, the group is eager to boycott the Presidential election that are set for April 11.

Tue, 06 Feb 2018 10:00:33 GMT

Nigerian President inks order to bolster local production

Nigeria's President Muhammadu Buhari on Monday signed the executive order aimed at boosting country's domestic production of goods, as well as creating job positions in technology, science and engineering.

Tue, 06 Feb 2018 09:22:18 GMT

German prosecution searches Audi HQs amid diesel emission row

German prosecutors are searching Audi's headquarters offices and a car factory in Neckarsulm, as the carmaker is suspected of emission manipulation on diesel vehicles.

Tue, 06 Feb 2018 09:10:41 GMT

Polish President seen to make statement on Tuesday

On Tuesday, the Polish President Andrzej Duda is expected to make a statement on Holocaust bill at 1000 GMT, according to his press office.

Tue, 06 Feb 2018 08:32:58 GMT

South Korea delays capital gains tax widening on foreigners

South Korea decided to postpone its plan to impose tougher capital gains taxes on Seoul stocks' foreign buyers amid some foreign investors' strong opposition, the Finance Ministry stated on Tuesday.

Tue, 06 Feb 2018 08:29:47 GMT

Toyota lifts annual profit forecast, posts 54% jump in Q3

On Tuesday, Toyota Motor increased its full-year profit estimates by 10%, following the report its Q3 operating profit had surged 54% to 673.6B yen in the last two years.

Tue, 06 Feb 2018 07:30:08 GMT

Singapore, Malaysia announce new trade link to bolster liquidity

On Tuesday, Malaysia and Singapore announced their plans for a new trade link between the stock markets by this year-end that should help cut trading costs and boost cross-border investments.

Tue, 06 Feb 2018 07:19:41 GMT

Boeing faces upward pressure on 737 MAX production rates

On Tuesday, Boeing's Senior Executive stated that the planemaker was experiencing an upward pressure on its 737 MAX passenger aircraft, because it was oversold.

Tue, 06 Feb 2018 05:56:07 GMT

Nikkei shares plunge to almost four-month low

Shares in Japanese Nikkei fell 5% on Tuesday to almost four-month low, amid Wall Street report on the worst decline in the last four years, tumbled by fears about rising US bond yields.

Tue, 06 Feb 2018 05:55:53 GMT

Poland bars Israeli minister from visit over Holocaust bill

Poland cancelled the Israeli Education Minister's visit to Warsaw, as he had refused to step back of condemnation of the bill that implied Poland was not complicit in the Holocaust.

Tue, 06 Feb 2018 05:28:50 GMT

Qualcomm shares down as Apple may drop its chips

Shares of Qualcomm were down 3% on Monday, following reports that stated Apple might prefer Intel instead of the chipmaker as the modem chips supplier in its iPhone's next generation.

Tue, 06 Feb 2018 05:23:16 GMT

US Senate confirms Iancu as new US Patent office head

On Monday, the US Senate has unanimously confirmed the lawyer Andrei Iancu as a new US Patent and Trademark Office head, following his nomination by the President Donald Trump in August.

Tue, 06 Feb 2018 04:30:45 GMT

Samsung, China's state planner in cooperation deal for chips

South Korean firm Samsung Electronics and China's state planner signed a memorandum of understanding concerning their cooperation on semiconductors.

Tue, 06 Feb 2018 04:30:11 GMT

RBA holds rates at 1.5%

The Reserve Bank of Australia stated that it left the cash rate at 1.5%, in line with expectations, expecting stable outlook for some period of time to come.

Tue, 06 Feb 2018 02:57:38 GMT

Australian trade balance worsens unexpectedly

The ABR reported that the Australian trade balance came in at -A$1.36B in December, following the prior month's reading of A$0.04B and missing expectations for a A$0.25B surplus.

Tue, 06 Feb 2018 02:56:18 GMT

Australian retail sales fall 0.5% in December

Australian retail sales dropped 0.5% in December, after climbing 1.3% in the prior month, whereas analysts anticipated a fall of 0.2%, according to official data.

Mon, 05 Feb 2018 20:52:09 GMT

Fed: US banks eased lending standards on business loans in Q4Y2017

The Federal Reserve's quarterly survey demonstrated on Monday that US banks eased lending standards for business loans, while increased them for commercial loans on real estate.

Mon, 05 Feb 2018 20:51:38 GMT

Bitcoin declines below $7,000 on Monday

Bitcoin plunged more than 15% on Monday, as concerns over increased global regulation and a credit card ban by US and UK banks pushed it to a three-month low of $6,853.53.

Mon, 05 Feb 2018 19:56:42 GMT

CFTC, SEC support increased control over digital currencies

The Chairmen of the Commodity Futures Trading Commission and the Securities and Exchange Commission support increased control and a new regulatory framework for digital currencies.

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