News

Tue, 25 Apr 2017 08:22:00 GMT

Mitsubishi unlikely to merge with Nissan

The chairman of the two Japanese automakers Carlos Ghosn stated he sought Mitsubishi to reform itself and a full merger with Nissan is unlikely to happen, except companies' cross-manufacturing in special cases.

Tue, 25 Apr 2017 07:33:03 GMT

Waymo to test-drive its autonomous car service in Arizona

According to the Alphabet statement on Tuesday, its affiliated company Waymo is eager to start testing its new autonomous vehicle ride service for dozens of families in Arizona's city of Phoenix.

Tue, 25 Apr 2017 07:24:43 GMT

Hungary charges ruling party lawmakers with graft

On Tuesday, the prosecution of Hungary stated it had charged Roland Mengyi, a lawmaker of the ruling Fidesz party, together with six others with a public funds misappropriation attempt and power abuse of the office.

Tue, 25 Apr 2017 06:34:28 GMT

IBM to tie-up with ABB on new artificial intelligence technology

On Tuesday, the ABB stated it had agreed to collaborate with IBM on the new artificial intelligence technology to be featured in IBM's Watson data analytics software.

Tue, 25 Apr 2017 06:21:30 GMT

China aims at 35M auto sales by 2025

According to the Chinese industry ministry, the country aims to reach 35M of auto sales by 2025 and seeks NEVs to account for 20% of that total.

Tue, 25 Apr 2017 05:04:29 GMT

Wells Fargo shareholders set to vote on Tuesday

The shareholders of Wells Fargo are set to vote on the leadership of the bank, which may cause changes in the bank, as many directors have been criticized for their actions during the latest scandal.

Tue, 25 Apr 2017 05:03:33 GMT

Fourth week of unrest begins in Venezuela

Anti-government protests in Venezuela marked the fourth week with more deaths. Two people have been killed by gunmen on Monday in Venezuela, which brings the total casualty number to 12.

Tue, 25 Apr 2017 04:19:25 GMT

China sets ambitious vehicle production goal

The industry ministry of the People's Republic of China has announced that it wants its annual new energy vehicle production to reach two million by the year of 2020.

Tue, 25 Apr 2017 04:18:41 GMT

North Korea conducts artillery drills

On Tuesday North Korea conducted large scale, live fire exercises in areas near the city of Wonsan, which is located near the country's east coast.

Tue, 25 Apr 2017 03:00:17 GMT

US to set 20% duties on softwood lumber imports from Canada

The US is likely to impose preliminary anti-subsidy tariffs averaging 20% on Canadian softwood lumber imports, said the Commerce Secretary Wilbur Ross.

Tue, 25 Apr 2017 02:55:26 GMT

South Korea GDP growth to rebound in Q1

The South Korean economy is set to grow faster than expected in the first quarter of 2017, mainly driven by stronger exports and capital investment.

Tue, 25 Apr 2017 02:30:40 GMT

UK financial industry to miss any trade deal after Brexit

EU leaders are set to warn Britain not to assume its banking services industry to be included in free trade agreements after Brexit.

Tue, 25 Apr 2017 02:23:43 GMT

Trump requests new UN sanctions on North Korea

Donald Trump urged the UN Security Council to be prepared to set new sanctions against North Korean ballistic and nuclear missile programs.

Mon, 24 Apr 2017 20:06:32 GMT

Italy rises taxes to reduce 2017 budget deficit

Italian government stated that it had raised gambling and tobacco taxes and had cracked down on VAT evasion to reduce the 2017 budget deficit, as the EU has demanded.

Mon, 24 Apr 2017 20:05:23 GMT

PPG proposes final offer of €26.9B for Akzo Nobel

PPG Industries increased the final offer to €26.9B for Akzo Nobel and included a break fee if the deal is rejected, putting more pressure on Dutch rival to enter negotiations.

Mon, 24 Apr 2017 19:22:30 GMT

US still has no healthcare plan

On Monday, the White House reported that the vote for the new Republican healthcare plan is still weeks away, as no consensus over the plan had been reached yet.

Mon, 24 Apr 2017 19:21:15 GMT

Bitcoin "creator's" company sold to private equity firm

A company founded by Craig Wright, who claimed to be the bitcoin cryptocurrency inventor, has been sold to a private equity company in the biggest deal that involved bitcoins.

Mon, 24 Apr 2017 18:29:11 GMT

US Senate to discuss North Korea in White House

Top officials of Trump administration would hold a briefing this week at the White House for the entire US Senate to discuss situation in North Korea.

Mon, 24 Apr 2017 18:24:04 GMT

Fresenius to acquire Akorn

Fresenius SE&Co KgaA, German healthcare conglomerate, made a $4B proposal to Akorn Inc, generic drugmaker to increase their annual sales by $1B in the nearest future.

Mon, 24 Apr 2017 17:13:24 GMT

Fed's Kashkari doubts infrastructure spending is key growth driver

On Monday, the President of the Minneapolis Federal Reserve Neel Kashkari said he did not agree with the idea that infrastructure spending is a key US economic growth contributor.

Mon, 24 Apr 2017 17:12:42 GMT

Hollande calls on nation to back Macron

The outgoing French President Francois Hollande urged the nation to choose Emmanuel Macron over Marine Le Pen in the final round of the French Presidential Election next month.

Mon, 24 Apr 2017 16:05:29 GMT

CBI trends survey reveals UK goods are in demand

The CBI poll of 397 producers revealed both domestic and overseas demand for UK manufactured goods increased at the fastest rate in nearly three years in the Q1 of 2017.

Mon, 24 Apr 2017 16:04:50 GMT

Chinese CB Leading Index soars 0.9% in March

The Conference Board Leading Economic Index for China was up 0.9% in the month of March from an upwardly revised 1.3% gain observed in February. 

Mon, 24 Apr 2017 15:08:58 GMT

March CFNAI drops to 0.08

The National Activity Index released by the Chicago Fed on Monday plummeted to 0.08 in March from a downwardly revised 0.27 increase registered in the preceding month.

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