News

Sat, 18 Nov 2017 09:00:19 GMT

Citic and Baidu launch direct banking joint venture

Citic Bank and Baidu announced the launch of a direct banking joint venture called AiBank in an attempt to penetrate the booming fintech market.

Sat, 18 Nov 2017 08:58:35 GMT

Two journalists charged with espionage in Cambodia

On Saturday, two journalists were charged with espionage by a Cambodian court for reporting news to a US-backed radio station.

Sat, 18 Nov 2017 08:18:24 GMT

Shiekh Shoes seeks funding to avoid bankruptcy

The owner of the US sneaker retailer Shiekh Shoes LLC said the company was seeking for funding in order to avoid bankruptcy.

Sat, 18 Nov 2017 08:17:24 GMT

Banca Carige seals backing for $661M cash call

Italy's largest lender Banca Carige has sealed backing from core investors for a vital $661M cash call essential to stave off the possibility of being wound down.

Sat, 18 Nov 2017 06:57:16 GMT

Chinese new home prices up in October

The National Bureau of Statistics of China reported the nation's new home prices were slightly up in October, remaining resilient to a tighter liquidity environment.

Sat, 18 Nov 2017 06:55:42 GMT

Trump names five more candidates for Supreme Court vacancy

The US President Donald Trump added five conservatives to the list of possible picks for a prospective Supreme Court vacancy.

Sat, 18 Nov 2017 06:21:16 GMT

Saudi Arabia summons its Ambassador to Germany

The Saudi Foreign Ministry has recalled its Ambassador to Germany for consultations on remarks supposedly made by Sigmar Gabriel at a meeting with Lebanon's Foreign Minister.

Sat, 18 Nov 2017 06:19:49 GMT

China to transfer state assets to social security funds

In an attempt to boost shortfall in the country's pension scheme, China is set to begin a programme to transfer state assets to social security funds.

Sat, 18 Nov 2017 05:21:07 GMT

Verizon, NFL close to announcing streaming deal

Media sources reported that Verizon Communications, the largest US wireless telecommunications provider, was close to agreeing a deal with the National Football League on streaming rights.

Sat, 18 Nov 2017 05:16:59 GMT

EU's Tusk mocks UK Brexit Minister

The EU President Donald Tusk mocked the UK Brexit Minister David Davis after he said that it was the European Union's turn to compromise.

Fri, 17 Nov 2017 20:58:16 GMT

Lebanon's Rifi: country to face Arab sanctions over Hezbollah

A senior Lebanese Sunni politician Ashraf Rifi said on Friday the country might face economic repercussions if Hezbollah continues meddling in regional conflicts.

Fri, 17 Nov 2017 20:57:25 GMT

Apple postpones HomePad launch

Apple has postponed the launch of HomePad smart speaker from December this year to early 2018, the company's spokesperson revealed in an e-mail.

Fri, 17 Nov 2017 20:01:57 GMT

Venezuela's Ledezma escapes to Colombia

On Friday, Antonio Ledezma, a veteran Venezuelan opposition leader placed under a house arrest over the alleged 2015 coup plotting, fled to Colombia.

Fri, 17 Nov 2017 20:00:11 GMT

Thousands Siemens employees rally against job cuts

Nearly 2,000 employees of Siemens took to the streets in Germany to protest against the firm's proposal to cut 6.9K jobs, or almost 2% of its workforce. 

Fri, 17 Nov 2017 18:55:26 GMT

White House asks Congress for additional hurricane aid

On Friday, the White House said it had asked the Congress to provide another $44B to address ongoing hurricane recovery efforts.

Fri, 17 Nov 2017 18:53:57 GMT

Mexico and Canada appear more flexible as key NAFTA round starts

Mexico and Canada appeared to be more flexible about addressing US demands previously rejected as unworkable as the key round of NAFTA negotiations kicked off on Friday.

Fri, 17 Nov 2017 18:20:30 GMT

UK to repay $527M debt to Iran

According to the Iranian Ambassador to Britain Hamid Baeedinejad, the UK is set to repay the debt of around $527M it owes to Tehran in the coming days.

Fri, 17 Nov 2017 18:19:11 GMT

Ifo raises forecast for Germany's GDP in 2017

On Friday, the Ifo Institute for Economic Research revised upwards its 2017 growth forecast for Europe's largest economy, expecting Germany's GDP to rise 2.3% over the course of the year.

Fri, 17 Nov 2017 17:05:59 GMT

Fox's shares jump 3% on Friday

Twenty-First Century Fox's shares surged 3% on Friday after some sources reported that Verizon Communications and Comcast showed interest in buying stake in the company.

Fri, 17 Nov 2017 17:03:25 GMT

US housing starts jump in October

US housing starts jumped to a 1.29M annualised rate in October, following the preceding month's 1.14M rate and exceeding expectations for a rise to a 1.25M rate.

Fri, 17 Nov 2017 16:24:37 GMT

US building permits surge last month

The Census Bureau reported that building permits rose to a 1.30M annualised rate in October, up from September's rate of 1.23M, whereas analysts anticipated an increase to a 1.25M rate.

Fri, 17 Nov 2017 16:22:24 GMT

Canadian consumer prices increase in line with forecasts

Statistics Canada reported on Friday that its CPI rose 0.1% in October, following the prior month's increase of 0.2% and meeting analysts' expectations.

Fri, 17 Nov 2017 15:34:28 GMT

Lebanese MEA annuls electronics ban on London's flights

The Lebanon carrier Middle East Airlines lifted a ban on carry-on electronic laptops and other devices on the Beirut-London flights, the airline reported on Friday.

Fri, 17 Nov 2017 15:26:07 GMT

Broadcom completes $5.5B Brocade acquisition

On Friday, Broadcom reported it had completed its $5.5B acquisition of the network gear manufacturer Brocade Communications Systems.

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