News

Fri, 02 Feb 2018 10:54:06 GMT

Honda increases profit outlook by 4%

The Japanese car manufacturer Honda Motor Co Ltd raised its full-year profit forecast by 4% on Friday in response to stronger sales in the Asian market, especially China.

Fri, 02 Feb 2018 10:52:30 GMT

Ford's joint venture in China to recall 500k cars

Changan Ford, Ford's joint venture with the Chinese Chongqing Changan Automobile Co, is to recall around 500 000 vehicles due to brake issues.

Fri, 02 Feb 2018 10:32:46 GMT

Alphabet misses quarterly profit forecasts

The US technology firm Alphabet stated on Thursday its Q4 profit had missed the estimates for $7B or $10 per shares, reporting a $6.8B reading or $9.70 per share, lowered by company's spending growth.

Fri, 02 Feb 2018 10:22:01 GMT

Sony posts best-ever Q3 profit, sees new annual record

On Friday, Japanese Sony reported the best-ever Q3 operating profit of 350.8B yen driven by a rising demand for company's image sensors, and raised its annual profit forecast to 720B yen.

Fri, 02 Feb 2018 09:33:10 GMT

US to announce arms embargo against South Sudan

The United Stated is eager to impose an arms embargo on South Sudan, putting more pressure on its President Salva Kiir with intention to end the humanitarian crisis and civil war in the country.

Fri, 02 Feb 2018 09:26:16 GMT

PM May: Brexit transition deal to be agreed 1.5 months

On Friday, the Prime Minister Theresa May stated that the Brexit transition deal with the European Union was expected to be agreed in the following seven weeks.

Fri, 02 Feb 2018 08:33:42 GMT

Indian "Modicare" plan to cost nearly $1.7B a year

A source familiar with the matter stated that India's PM Narendra Modi's scheme to prove half of the country's population with health insurance would cost about $1.72B in state and federal funding each year.

Fri, 02 Feb 2018 08:28:39 GMT

Alibaba invests $146M in India's BigBasket

China's Alibaba invested $146M in India's online grocer BigBasket in a move to strengthen its position in the online retail space of the country and challenge its US rival Amazon.com.

Fri, 02 Feb 2018 07:33:53 GMT

Alphabet appoints Hennesy as chairman to replace Schmidt

Alphabet has named the board veteran John Hennessy as the company's new chairman to succeed its current Executive Chairman Eric Schmidt, who is set to retire on February 15.

Fri, 02 Feb 2018 07:31:57 GMT

Regulator warns Coincheck to fix flaws ahead of cyber theft

On Friday, Japanese regulator stated it had called on the cryptocurrency exchange Coincheck to fix its computer network's flaws ahead of hacker's theft of $530M of digital money the previous week.

Fri, 02 Feb 2018 06:14:39 GMT

CFTC imposes $70M fine on Deutsche Bank Securities

The US Commodity Futures Trading Commission has ordered Deutsche Bank Securities Inc. to pay a civil penalty of $70M for manipulation of the ISDAFIX interest-rate benchmark.

Fri, 02 Feb 2018 06:14:20 GMT

Turnbull to visit White House in February

A statement released by the White House late on Thursday revealed the US President Donald Trump will host Australia's PM Malcolm Turnbull at the White House on 23 February 2018.

Fri, 02 Feb 2018 05:25:00 GMT

US job growth expected to accelerate in January

According to a Reuters poll of economists, US non-farm payrolls have presumably risen by 180K in January, pointing to the strong economic momentum in the beginning of the year. 

Fri, 02 Feb 2018 05:23:27 GMT

Yoshida to replace Sony's Hirai

On Friday, Sony said that Kenichiro Yoshida, its Chief Financial Officer, is going to replace Kazuo Hirai on the post of the firm's CEO starting from 1 April 2018.

Fri, 02 Feb 2018 04:35:35 GMT

Amazon reports biggest profit in history on tax boost, sales

Amazon reported an almost $2B profit, the largest in the company's history, amid strong sales and benefits from the US tax reform.

Fri, 02 Feb 2018 04:35:06 GMT

Dell, VMware agree to explore options, such as merger

The US computer producer Dell and business software supplier VMware agreed to explore some options, including a possible merger of the companies.

Fri, 02 Feb 2018 03:29:57 GMT

Australian producer prices rise more than expected in Q4 2017

The ABR reported on Friday that its PPI rose 0.6% on a quarterly basis in the Q4 of 2017, following the prior quarter's increase of 0.2% and surpassing expectations for a 0.4% gain.

Fri, 02 Feb 2018 03:28:52 GMT

Japan's monetary base rises 9.7% last month

The Bank of Japan reported that the country's monetary base climbed 9.7% year-over-year in January, after increasing 11.2% in December, whereas analysts anticipated a rise of 11.0%.

Thu, 01 Feb 2018 21:05:40 GMT

Aramco, Alphabet in negotiations to create tech hub in Saudis

Google's parent Alphabet was in talks with Saudi Arabian state oil major Aramco over jointly creating a tech hub in the potential partner's country.

Thu, 01 Feb 2018 21:05:30 GMT

US construction spending grows on strong private outlays

The US construction spending rose more than anticipated in December, as private construction projects received a record high investment, while government outlays rebounded solidly.

Thu, 01 Feb 2018 19:50:25 GMT

Russia to extend FX purchases this month

The Russian Finance Ministry is set to increase foreign currency purchases in February amid an increase in prices of oil.

Thu, 01 Feb 2018 19:50:08 GMT

France to fund exports to Iran

France is set to start providing euro-dominated credits to Iran's buyers later in 2018, in a bid to keep trade outside the reach of the US sanctions.

Thu, 01 Feb 2018 19:17:50 GMT

Lowe's to pay US workers $1,000 bonus after tax reform

Lowe's stated that the company would pay a $1,000 one-time bonus for more than 260K hourly employees in the US, as the firm was taking benefit of changes in the tax law.

Thu, 01 Feb 2018 19:16:30 GMT

Chances increase of BoE rate hike in May

After the Bank of England raised rates for the first time in a decade, investors were increasingly anticipating a rate hike in May or even two this year.

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