News

Fri, 12 May 2017 06:30:33 GMT

SoftBank to invest $5B in Chinese ride-hailing firm Didi Chuxing

The Japanese SoftBank Group came to an agreement to invest $5B in the Chinese ride-hailing service Didi Chuxing, saying the investment impact on its March 2018 results were not determined yet.

Fri, 12 May 2017 06:10:59 GMT

Australian IS recruiter to be extradited within months

On Friday, the Australian PM Malcolm Turnbull stated that Turkey had agreed to extradite Australia's citizen who is believed to be a senior IS militant group's recruiter within the months.

Fri, 12 May 2017 05:28:55 GMT

Electric car industry leads to lower gasoline demand in Asia

Vehicle fuel demand in Asia risks falling much earlier than anticipated, due to an increased number of people in China and India continuing to buy electric cars, which would ultimately lead to a decline in revenue for oil companies.

Fri, 12 May 2017 05:14:25 GMT

Oil prices refrain from rising further over production cut expectations

Prices for oil stabilised on Friday, amid further expectations of OPEC output cut extending by this year's end, as well as the US Oil Inventories showing the weakest reading since February.

Fri, 12 May 2017 04:31:04 GMT

US and China to expand meat trade

Late on Thursday, the US Secretary of Commerce, Wilbur Ross, said that in order to reduce the US trade deficit with China the two countries would expand been and chicken trade, as a result of the recent trade talks between US President Trump and China's President Xi.

Fri, 12 May 2017 04:23:58 GMT

Hyundai and Kia to recall thousands of vehicles from South Korea

On Friday, the Kia Motors Corporation and the Hyundai Motor Company stated that they would have to comply with the South Korean Transport Ministry's order to recall 240,000 vehicles from the country over safety defects.

Fri, 12 May 2017 03:07:58 GMT

Finance chiefs from G7 meet in Italy to gauge US policy plans

G7 finance leaders arrived in Italy for a two-day meeting to discuss the US government plans as well as international tax rules, inequality and cyber security.

Fri, 12 May 2017 03:05:39 GMT

PBoC lends $66.52B through MLF

China's central bank said in the statement that it injected $66.52B into country's financial system through Medium-term Lending Facility loans and kept interest rates unchanged.

Fri, 12 May 2017 02:23:09 GMT

White House stays without naming anyone to board of Fed

White House official revealed that Donald Trump refrains naming anyone to the Fed's board for weeks, as he wants all nominees to be vetted before filling the vacancies.

Fri, 12 May 2017 02:19:53 GMT

EU looks for urgent negotiations with US over aviation security

The EU requires urgent talks with the United States over restriction for European countries to allow their airline passengers to take along laptops as the US sees security threats.

Thu, 11 May 2017 19:56:04 GMT

Macron unveils list of 428 candidates

The French President elect Emmanuel Macron on Thursday unveiled a list of 428 candidates for June's parliamentary elections, 52% of whom were new to politics and half of whom were women. 

Thu, 11 May 2017 19:55:44 GMT

Macy's shares slide 13% after earnings miss

Macy's Inc. reported a worse-than-expected slide in revenue for the Q1 falling short of analyst expectations on revenue and profits.

Thu, 11 May 2017 18:52:57 GMT

Head of Russian cyber-security firm defends company amid US scrutiny

The CEO of Russia's Kaspersky Lab defended his company on Thursday as the heads of six US intelligence agencies testified on Capitol Hill that they have treated the company as a threat.  

Thu, 11 May 2017 18:52:47 GMT

Donald Trump signs cyber-security executive order

The President Donald Trump signed an executive order Thursday with the intention to tighten cyber-security of federal networks and critical infrastructure.

Thu, 11 May 2017 18:28:41 GMT

FBI acting director Andrew McCabe promises to disclose any inference with Russian probe

The FBI's acting director promised to tell the Senate Intelligence Committee of any effort to interfere with the FBI's probe into links between Russia and the 2016 Trump presidential campaign. 

Thu, 11 May 2017 18:27:27 GMT

Trump calls sacked FBI chief a "showboat"

The US President Donald Trump called fired FBI Director James Comey a "showboat" and "grandstander" who Trump intended to fire despite of any recommendation from the Justice Department.

Thu, 11 May 2017 17:00:02 GMT

Netflix to create 400 new jobs in Europe

Netflix reported on Thursday that it would create 400 new jobs in its new Amsterdam-based customer service hub, as part of its worldwide expansion plan.

Thu, 11 May 2017 16:57:51 GMT

UN tells Uzbekistan to go easy on Islamic extremists

On Thursday, the UN High Commissioner for Human Rights said that Uzbekistan should avoid taking extreme actions against Islamic radicals.

Thu, 11 May 2017 16:00:04 GMT

US natural gas storage rises less than expected

The EIA reported on Thursday that natural gas inventories in the US climbed 45B cubic feet last week, down from the preceding week's 67B rise and below forecasts for a 52B gain.

Thu, 11 May 2017 15:57:12 GMT

US initial jobless claims drop to 236K last week

The number of Americans filing for unemployment benefits fell to 236K in the week ending May 5, whereas analysts expected a rise to 245K from the prior week's 238K.

Thu, 11 May 2017 15:03:32 GMT

US producer prices climb more than expected in April

Producer prices in the United States surged 0.5% last month after falling 0.1% in March, while markets anticipated a rise of just 0.2%.

Thu, 11 May 2017 15:01:08 GMT

Canadian house prices rise in line with forecasts

Prices for new houses in Canada rose 0.2% in March, following the preceding month's gain of 0.4% but meeting analysts' expectations.

Thu, 11 May 2017 14:11:34 GMT

Safran plans to fix Boeing engine issues within weeks

The aerospace and engineering group Safran tends to complete 737 MAX aircraft engine issue as soon as in few weeks after Boeing halted its flight tests due to the glitch.

Thu, 11 May 2017 13:59:05 GMT

Ukraine to name new central bank governor by September

On Thursday, the Ukraine Finance Minister Oleksandr Danylyuk announced that the country would choose and appoint one of the candidates for central bank head by September 2017.

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