News

Tue, 26 Dec 2017 17:01:01 GMT

Explosion hits major oil pipeline in Libya

One of Libya's main oil export terminals has been shut down following a blast that reduced the country's output by around 90K barrels a day.

Tue, 26 Dec 2017 16:26:12 GMT

Oil jumps on pipeline explosion in Libya

Oil traded above $65 a barrel on Tuesday, supported by the blast on a crude pipeline in Libya.

Tue, 26 Dec 2017 16:09:35 GMT

Shares of Apple fall amid iPhone X weak demand

Wall Street's indexes dropped on Tuesday following a 2.8% drop in Apple's shares on a report that the demand for the iPhone X could be lower than expectations during the first quarter.

Tue, 26 Dec 2017 16:00:17 GMT

Liberians go to polls in historic

Liberians were choosing a new president on Tuesday in a run-off vote between the Vice-President Joseph Boakai and the former international footballer George Weah.

Tue, 26 Dec 2017 15:30:57 GMT

Timing of Trump-Putin meeting not set yet

Russia's Foreign Minister Sergei Lavrov stated that the timing of the nearest meeting between the President Vladimir Putin and the US leader Donald Trump had not yet been discussed.

Tue, 26 Dec 2017 15:25:33 GMT

Google seeks to open stores in India to bolster sales

Google seeks to boost its Pixel smartphone sales by launching physical stores in India, the Economic Times reported on Tuesday, following a rising demand in over dozen pop-up stores across the country.

Tue, 26 Dec 2017 14:34:11 GMT

Turkey plans to resume Sudan's Red Sea port, build naval lock

Turkey is planning to restore the Ottoman port city located on the Sudanese Red Sea coast and build a naval dock that would maintain military and civilian vessels.

Tue, 26 Dec 2017 14:29:32 GMT

Apple suppliers' shares drop on lower demand forecast

Shares in some of the Apple suppliers in Asia dropped on Tuesday, following analysts' forecasts over iPhone X demand to come in below estimates in the Q1.

Tue, 26 Dec 2017 13:34:52 GMT

Eastern Libya to hold Benghazi conference in March

Eastern Libya is planning to stage a conference on March over rebuilding the country's second-largest city of Benghazi that had been damaged during the three years of fight.

Tue, 26 Dec 2017 13:29:36 GMT

Uber agrees to sell US car-leasing business Xchange

The ride-hailing company Uber Technologies is ready to sell its US car-leasing business unit Xchange Leasing to an auto marketplace Fair.com, according to The Wall Street Journal.

Tue, 26 Dec 2017 12:00:43 GMT

North Korea to have negotiations with US in 2018

According to South Korean estimates, their northern neighbour is likely to start direct negotiations with the United States next year. In the meantime, it is expected to continue trying to achieve recognition as a de facto nuclear power.

Tue, 26 Dec 2017 12:00:38 GMT

Russia is ready to mediate US-North Korean negotiations

On Tuesday, the Kremlin spokesman Dmitry Peskov said that Russia is ready to step in as a mediator between the United States and North Korea, if both parties do not object such role.

Tue, 26 Dec 2017 11:13:26 GMT

China closes over 13K websites since 2015

According to the China state news outlet Xinhua, China has shut down over 13K websites in the past three years for law breaking in the country's effort to clean up the cyberspace.

Tue, 26 Dec 2017 11:13:20 GMT

China exports no oil products to North Korea last month

China halted its oil product exports to North Korea in November, following the UN sanctions imposed to reduce petroleum shipments to the Korean Peninsula.

Tue, 26 Dec 2017 10:32:15 GMT

Hyundai Heavy plans to conduct rights issue worth $1.2B

On Tuesday, South Korean Hyundai Heavy announced it would conduct a $1.2B rights issue, expecting to complete it in March 2018.

Tue, 26 Dec 2017 10:11:09 GMT

Pakistan, China likely to extend Economic Corridor to Afghanistan

Pakistan and China are planning to look at including Afghanistan to their $57B China-Pakistan Economic Corridor, the Chinese Foreign Minister Wang Yi stated on Tuesday.

Tue, 26 Dec 2017 09:32:27 GMT

Russia establishes permanent presence at Syria's bases

On Tuesday, Russia's Defence Minister Sergei Shoigu stated that his country began to establish a permanent presence at its Syria military bases in Hmeimim and Tartus.

Tue, 26 Dec 2017 08:34:21 GMT

Japanese Denso seeks investment into JOLED

Japan's car parts maker Denso is considering a $440M investment into the organic light-emitting diode panel maker JOLED, the Kyodo news reported on Tuesday.

Tue, 26 Dec 2017 08:27:07 GMT

LG Display to build OLED plant in China

The South Korean trade ministry approved LG Display's plan to construct a new OLED panel production factory in China, following the company's announcement about the investment five months ago.

Tue, 26 Dec 2017 07:31:17 GMT

Japan seeks to convert helicopter carrier for US stealth fighters

Japan is thinking over refitting its Izumo helicopter carrier for the US Marines F-35B stealth fighters on the back of the North Korean nuclear development and China's maritime expansion.

Tue, 26 Dec 2017 07:26:38 GMT

Japan overcomes deflation by making steady progress

According to the Finance Minister Taro Aso, Japan is making rather small but steady progress to overcome deflation the country's economy had been suffering in the past years.

Tue, 26 Dec 2017 06:01:25 GMT

Price of Bitcoin rises by 10%

The price of the world's biggest cryptocurrency Bitcoin rose by 10% on Tuesday, reaching $15,129, thus recovering from last week's massive selloff.

Tue, 26 Dec 2017 06:01:19 GMT

Kuroda urges to monitor excessive risk-taking

In a speech delivered on Tuesday, the Bank of Japan Governor Haruhiko Kuroda said it was important to examine whether economic growth was leading to undue risk-taking in markets.

Tue, 26 Dec 2017 05:19:00 GMT

Oman delays VAT introduction

According to local media, Oman will postpone the introduction of a 5% value-added tax (VAT) until 2019, while Saudi Arabia and United Arab Emirates are ready to do it from January 1, 2018.

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