News

Wed, 27 Dec 2017 10:50:07 GMT

Hundreds get fired in Uzbek Ministry of Finance

A purge has taken place in the Ministry of Finance of Uzbekistan, as 562 employees have been fired on Wednesday.

Wed, 27 Dec 2017 10:20:18 GMT

GE to raise stake in Arcam to over 90%

On Wednesday, General Electric announced it would increase the stake in Sweden's 3D printer maker Arcam to over 90% from 77%, buying the firm's shares for $41.44 per each.

Wed, 27 Dec 2017 10:10:09 GMT

China to extend tax rebates for NEVs until 2020-end

China is planning to prolong a tax rebate on the new-energy vehicle purchases until the 2020-end, the Finance Ministry stated on Wednesday.

Wed, 27 Dec 2017 09:32:21 GMT

Turkey to receive four Russia's S-400 missile divisions

Russia is planning to supply Turkey with four S-400 missile divisions in a deal worth $2.5B, Rostec's head Sergei Chemezov stated on Wednesday.

Wed, 27 Dec 2017 07:53:49 GMT

Kid Digital's head, associate convicted of fraud schemes

On Tuesday, the ex-Kit Digital business associate and CEO were convicted of wide-ranging fraud schemes, linked to the bankrupt video tech firm.

Wed, 27 Dec 2017 07:53:34 GMT

China's ruling party to hold talks on amending constitution

Chinese ruling Communist Party is set to hold talks next month over amending the constitution and the ongoing graft fight ahead of March's passing of a new anti-corruption rule.

Wed, 27 Dec 2017 07:33:56 GMT

Haiti ex-PM barred from travel due to corruption probe

On Tuesday, the former Haiti's Prime Minister was banned from travel to other countries on the back of the launched corruption probe with 12 people being arrested, including officials.

Wed, 27 Dec 2017 07:26:11 GMT

Cambodia's Hun Sen seeks another decade in power

On Wednesday, Cambodia's Prime Minister Hun Sen vowed he would seek extending his 30 years in power by 10 years more, following the main opposition party dissolution ahead of the 2018 general election.

Wed, 27 Dec 2017 05:50:16 GMT

Apple faces lawsuits

After the fraud done by the Apple Company by slowing down old Apple devices, the company faces charges, as already eight lawsuits have been filed in various courts.

Wed, 27 Dec 2017 05:50:06 GMT

Head of Samsung denies charges

Jay Y. Lee, who was seen as the heir to the Samsung empire, has denied the charges of bribing the ex-president of South Korea.

Wed, 27 Dec 2017 05:21:07 GMT

China tells Taiwan to get used to drills

On Wednesday Chinese officials announced to Taiwan that the country will need to get used to Chinese air force doing drills near the Island.

Wed, 27 Dec 2017 05:20:36 GMT

Commodities rally on Wednesday morning

Bullish views on commodity demand in China pushed various commodities like oil and metals to multi year peak prices.

Wed, 27 Dec 2017 04:30:47 GMT

China's regulator to monitor closely surge in chip price

Chinese economic regulator is set to closely monitor a recent gain in the price of mobile storage chips and look into likely price fixing by firms.

Wed, 27 Dec 2017 04:30:18 GMT

Spanish government decides to increase minimum wage

Mariano Rajoy, the Prime Minister of Spain, signed an agreement with companies' and unions' representatives to raise minimum wage by 4% next year.

Wed, 27 Dec 2017 02:56:52 GMT

China's industrial profit growth slows markedly in November

Profits for Chinese industrial firms increased at a sharply weaker pace of 14.9% in November, mainly due to eased demand and slowed producer price gains in the same month.

Wed, 27 Dec 2017 02:56:03 GMT

Hunday Heavy Industries to list Olibank, aiming to raise $1.2B

South Korean firm Hunday Heavy Industries is set to list the company's refining arm Olibank in an initial public offering in 2018 and raise nearly $1.2b via the issue of shares.

Tue, 26 Dec 2017 20:59:17 GMT

Uber sells its auto leasing business to startup Fair.com

Uber Technologies has agreed to sell its US subprime auto-leasing business to startup car marketplace Fair.com.

Tue, 26 Dec 2017 20:59:08 GMT

44 Venezuelan activists released from prison

A rights group reported on Tuesday that Venezuelan authorities had released 44 activists from prison over Christmas, while majority of them remained in prison.

Tue, 26 Dec 2017 20:02:23 GMT

US sanctions two top North Korean ballistic missile officials

The United States on Tuesday sanctioned two top North Korean officials involved in the country's ballistic missile programs.

Tue, 26 Dec 2017 20:02:14 GMT

Elon Musk confirms Tesla pickup truck coming after Model Y

Tesla reported on Tuesday that the company would begin production of its first electric pick-up truck after building the Model Y, which was expected to go into production in late 2019.

Tue, 26 Dec 2017 19:28:18 GMT

Mexico peso under pressure despite currency hedge auctions

Despite the fact that the Central Bank of Mexico sold an additional $500M in foreign exchange hedges on Tuesday, the peso still remained under pressure. 

Tue, 26 Dec 2017 19:22:50 GMT

Bitcoin holds gains after last week's loss

After a dismal and volatile week leading up to Christmas weekend, bitcoin have rebounded strongly gaining 13% on Tuesday.

Tue, 26 Dec 2017 18:21:05 GMT

British navy escorts Russian warship through North Sea

British officials reported on Tuesday that the Royal Navy had escorted a Russian warship through the North Sea near UK waters.

Tue, 26 Dec 2017 18:17:10 GMT

Kremlin reports ready to mediate North Korea and US talks

The Kremlin reported on Tuesday that Russia was ready to act as a mediator between North Korea and the United States if both parties would showed a wish for it to play such a role.

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