News

Tue, 05 Sep 2017 10:14:33 GMT

Hyundai suffers from another supply disruption

On Tuesday, the South Korean Hyundai was forced to halt production on one of its plants in China after another supplier refused to deliver goods due to late payment.

Tue, 05 Sep 2017 09:29:17 GMT

Turkey's official to visit Bangladesh over Myanmar fights

The Foreign Minister of Turkey Mevlut Cavusoglu is eager to travel to Bangladesh amid official meetings over the fighting in Myanmar as Muslim-majority countries urge to stop violence against Rohingya.

Tue, 05 Sep 2017 08:51:47 GMT

Angry Birds' Rovio seeks for IPO to raise growth

The maker of "Angry Birds" mobile game Rovio Entertainment is seeking for an initial public offering as it aims to raise about $36M and make acquisitions, potentially using the company's shares.

Tue, 05 Sep 2017 08:27:42 GMT

Egypt tourism revenues jump 170% by August 2017

According to the Egypt's government officials, the country's tourism revenues soared by 170% in the time period from January 2017 to July 2017, reaching $3.5B.

Tue, 05 Sep 2017 08:17:21 GMT

Russia have right to reduce US diplomats in Moscow

The Russian President Vladimir Putin stated on Tuesday that Russia might order the US to further cut the number of its diplomatic staff in Moscow, but was not eager to do it at that time.

Tue, 05 Sep 2017 07:34:16 GMT

Japan Airlines aircraft makes emergency touchdown in Tokyo

On Tuesday, a Japan Airlines plane had to make an emergency landing at Haneda Airport in Tokyo soon after take-off amid an apparent bird strike.

Tue, 05 Sep 2017 07:27:35 GMT

Taiwan names new Premier to drive reforms

Taiwan appointed its new Premier William Lai on Tuesday, the President Tsai Ing-wen stated during a news conference, as she moved to strengthen declining public support.

Tue, 05 Sep 2017 06:31:07 GMT

United Tech to acquire Rockwell Collins

The aerospace supplier United Tech clinched a $30B deal to acquire avionics and interiors producer Rockwell Collins, the companies stated on Monday.

Tue, 05 Sep 2017 02:53:38 GMT

Austrian FACC receives €500M order from Airbus

Austrian aircraft parts produced FACC received a new order from Airbus with a total value of €500M to produce ceiling panels and overhead luggage compartments.

Tue, 05 Sep 2017 02:53:04 GMT

Japan services sector expands at a slowest pace in six months

Services sector in Japan marked the weakest performance in six months, as the Markit PMI dropped to seasonally adjusted rate of 51.6 in July, when new orders growth pace eased.

Tue, 05 Sep 2017 02:04:01 GMT

Argentina looks for $9.5B private funds for water infrastructure

Argentina suggested private companies to submit proposals for financing and building $9.5B worth water infrastructure projects in attempt to cut the government's wide fiscal deficit.

Tue, 05 Sep 2017 02:03:10 GMT

Taxify to compete with Uber in London

Estonian start-up Taxify is set to take on Uber in London's taxi-hailing market, as 3,000 private taxi drivers signed a contracts after proving they met licensing requirements.

Mon, 04 Sep 2017 19:57:25 GMT

IEA chief says oil stock release not yet needed after Harvey

The Director of the International Energy Agency Fatih Birol noted on Monday that stock release was not yet needed, as no oil shortage due to Hurricane Harvey was recorded.

Mon, 04 Sep 2017 19:56:46 GMT

US House to discuss relief package for Harvey victims

The US House of Representatives is to consider on Wednesday the provision of a relief package for victims of Hurricane Harvey.

Mon, 04 Sep 2017 18:53:28 GMT

Spain advises Catalonia not to empower its tax agency

The Spanish central government advised Catalonia on Monday not to empower its new tax agency that might result in criminal proceedings and sanctions for local companies.

Mon, 04 Sep 2017 18:52:02 GMT

New York Governor considers suing Trump over immigrant program

The Governor of New York Andrew Cuomo said on Monday that he would sue the US President Donald Trump if he removed a program that protects illegal immigrants from deportation.

Mon, 04 Sep 2017 18:03:05 GMT

Turkey condemns Germany over populism

On Monday, a Turkish spokesperson heavily criticised Germany over "indulging in populism" following Angela Merkel's shift on Ankara's EU membership.

Mon, 04 Sep 2017 18:01:59 GMT

President critic arrested in Rwanda

On Monday, the Rwandan police detained Diane Shima Rwigara, the President Paul Kagame's critic, and her relatives over alleged tax evasion and forgery.

Mon, 04 Sep 2017 16:53:06 GMT

Japan urge for tougher sanctions on North Korea

On Monday, Japan's Ambassador to the United Nations urged the UN Security Council to impose tougher sanctions on North Korea.

Mon, 04 Sep 2017 16:52:37 GMT

Switzerland ready to mediate North Korean crisis

The Swiss President Doris Leuthard reported on Monday that Switzerland could help mediate the growing North Korean crisis.

Mon, 04 Sep 2017 16:20:08 GMT

South Korea says North Korea may fire ICBM

South Korea's Deputy Minister of National Defence reported on Monday that North Korea might launch an intercontinental ballistic missile.

Mon, 04 Sep 2017 16:19:21 GMT

Euro zone producer prices hold steady in July

Eurostat reported on Monday that its PPI came in at 0.0% in July, following the preceding month's decline of 0.2% but falling behind analysts' expectations for a 0.1% rise.

Mon, 04 Sep 2017 15:27:39 GMT

UK construction activity drops unexpectedly in August

Markit reported that its PMI for the UK construction sector fell to 51.1 last month from July's 51.9, while analysts expected a slight increase to 52.1 points.

Mon, 04 Sep 2017 15:26:53 GMT

Euro zone investor morale brightens in September

Sentix reported on Monday that its Investor Confidence Index for the Euro zone rose to 28.2 points in September, up from the prior month's 27.7, whereas analysts anticipated a slight fall to 27.4.

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