News

Fri, 28 Apr 2017 14:22:55 GMT

Shareholders accept Goldman Sachs compensation plan

On Friday, 93% of the Goldman Sachs Group shareholders approved the bank's compensation executive plan at the company's annual meeting after the CEO Lloyd Blankfein's pay structure was simplified.

Fri, 28 Apr 2017 13:51:28 GMT

UK economic growth misses forecasts

The ONS reported on Friday that the British economy expanded at a 0.3% rate in the Q1, compared to the preceding quarter's 0.7% rate, while analysts anticipated a 0.4% pace.

Fri, 28 Apr 2017 13:34:15 GMT

Germany rejects demands to halt Turkish EU membership bid

On Friday, Germany rejected calls to end the Turkey bid to join the EU, despite the European states' opinions that Turkey had already blocked the road to the EU after voting for Tayyip Erdogan to grant new powers.

Fri, 28 Apr 2017 13:26:16 GMT

Apollo Q1 earnings exceed expectations amid stock rally

The buyout firm Apollo reported its quarterly earnings on Friday, beating the market expectations amid strong gains supported by a stock market rally in private equity funds.

Fri, 28 Apr 2017 12:34:09 GMT

Apple refuses paying royalties to Qualcomm

Apple is eager to stop paying royalties to the Qualcomm manufacturers for the 2017 quarterly sales made that resulted in Qualcomm's shares 4.3% drop to $50.91 ahead of the North American trading session.

Fri, 28 Apr 2017 11:58:25 GMT

Phillips 66 reports 39% jump in Q1 profit

The US oil refiner Phillips 66 posted strong quarterly results showing its profit surged 39% amid a $423M one-time gain from the petroleum coking venture consolidation.

Fri, 28 Apr 2017 11:04:36 GMT

Brazil unions spark outrages over security benefits cut

On Friday, the Brazilian unions staged out nationwide protests over the President Michel Temer's attempts to cut social security benefits and ease labour law.

Fri, 28 Apr 2017 10:53:00 GMT

Tesla's chief Grohmann ousted amid conflict with Musk

Tesla had to dismiss its executive Klaus Grohmann amid the conflict with the company's CEO Elon Musk as two officials were completely divided in opinion over the Grohmann firm strategy.

Fri, 28 Apr 2017 09:29:34 GMT

Ex-Baoshan Iron & Steel chairman jailed to 17 years for bribery

China's Court sentenced a former Baoshan Iron and Steel senior official Ai Baojun to 17 years in prison for graft and bribery as he amassed over $5.8M in assets by using his position.

Fri, 28 Apr 2017 09:18:07 GMT

Pope Francis to forge links with Islam during Cairo visit

Pope Francis intends to forge relations with the Islamic religious leaders during his visit to Cairo as the ancient Christian community of Egypt faces pressure from the IS insurgents.

Fri, 28 Apr 2017 08:31:18 GMT

James von Moltke to become Deutsche Bank CFO

James von Moltke is expected to become a new Deutsche Bank finance chief and replace its predecessor Marcus Schenck who will be named as the investment bank co-head.

Fri, 28 Apr 2017 08:20:47 GMT

Honda 2017 annual profit to fall 16.1%

On Friday, Honda Motor reported it forecast a 16.1% drop in its operating profit for the 2017 fiscal year amid stronger yen expected and company's pension plan changes.

Fri, 28 Apr 2017 07:26:49 GMT

Sony annual profit to soar 73.2% amid quake damage recovery

Sony expressed its hopes on Friday over the operating profit to surge 73.2% in the fiscal year as the company recovered from the earthquake aftermaths that suspended its main plant in Japan.

Fri, 28 Apr 2017 07:14:49 GMT

Hungary completes second border fence with Serbia

On Friday, the PM of Hungary Viktor Orban announced the second border fence with Serbia was finished and would manage to stop any flow of migrants.

Fri, 28 Apr 2017 06:34:11 GMT

Korean peninsula situation may get beyond control

The Foreign Minister of China Wang Yi imparted his apprehensions to the key Russian diplomat that the Korea peninsula situation may get beyond the control. 

Fri, 28 Apr 2017 06:18:29 GMT

Tech firms compete to improve violence detection tool

World's tech companies are trying to outstrip each other in developing of the artificial intelligence software so it could automatically detect and block any violent videos of murders before got spread on social media.

Fri, 28 Apr 2017 05:34:46 GMT

US refiners hope on export to deal with upcoming driving season

The US refiners finished the maintenance season hoping that major exports from South America and Mexico would help facilitate the huge product inventories as the summer driving season approaches.

Fri, 28 Apr 2017 05:31:05 GMT

US Tillerson to promote more sanctions on North Korea

On Friday, Rex Tillerson, the US Secretary of State, is expected to prompt the UN Security Council to impose stricter sanctions on North Korea if it continues to provoke the world further by executing more ballistic missile tests.

Fri, 28 Apr 2017 04:33:36 GMT

White House says its against voting on healthcare bill

According to congressional aides, the White House leaders had decided to avoid voting on the healthcare system renewal this week,due to a failure to get the necessary support.

Fri, 28 Apr 2017 04:31:03 GMT

Oil gains on OPEC's comments

On Friday, prices for oil edged higher, amid OPEC's statement that it is determined to find a solution for the oversupply. However, the price rebound was insufficient to avoid a two-week loss.

Fri, 28 Apr 2017 02:58:58 GMT

Japan industrial production falls 2.1% in March

Japan's manufacturing output declined 2.1% in March, compared to 0.8% fall forecast, as car and electronics makers cut production.

Fri, 28 Apr 2017 02:53:17 GMT

South Korean carmakers worried about revision of US trade deal

South Korean automakers association is worried about the likely revision of the trade deal with the US, following Trump's intention to terminate or renegotiate it.

Fri, 28 Apr 2017 02:23:30 GMT

Japan core consumer prices increase 0.2% in March

Japan's core CPI rose 0.2% in March amid higher energy prices, showing growth for the third consecutive month, but at a slower than anticipated pace.

Fri, 28 Apr 2017 02:18:39 GMT

China, Japan to hold bilateral finance negotiations in May

China and Japan are set to conduct bilateral finance negotiations in May to discuss the financial and economic situations in both countries, said Taro Aso.

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