News

Mon, 19 Aug 2019 07:37:27 GMT

Microsoft, Nvidia tie up over realistic visuals on Minecraft game

On Monday, Microsoft announced it would use the chipmaker Nvidia's technology of real-time ray tracing to provide its players of the Minecraft video game with even more realistic graphics on the PCs.

Mon, 19 Aug 2019 05:50:58 GMT

South Korea's KCGI looks at Asiana Airlines stake

KCGI, the South Korean activist fund, is seeking to acquire about 31.05% majority stake of its rival Asiana Airlines worth $282B, the KCGI CEO Kang Sung-boo stated to Reuters.

Mon, 19 Aug 2019 04:50:51 GMT

Denmark says Greenland sale to US is absurd

The Danish Prime Minister Mette Frederiksen said on Sunday that the idea of selling Greenland to the United States was absurd, following the President Donald Trump economic adviser's statement about the US interest in acquiring the largest island in the world.

Mon, 19 Aug 2019 04:16:55 GMT

JPMorgan plans briefing for clients over EM volatility

JPMorgan Chase is planning to hold a briefing on Tuesday for its clients over volatility in equity markets, following inversion of the US Treasury yield curve last week and a steep sell-off on the global stock markets.

Mon, 19 Aug 2019 03:36:52 GMT

RedDoorz raises $70M targeting budget travellers

Singapore's platform for hotel booking and management RedDoorz raised $70M in a funding round, the second in 2019, targeting the region's increasing breed of local travellers seeking budget accommodation.

Mon, 19 Aug 2019 02:44:33 GMT

Japanese exports decline in July

Japan's exports dropped for an eighth month in succession last month, while manufacturers' confidence was negative for the first time since 2013, as China's sales slumped in a sign that the trade war could send the economy into recession.

Sun, 18 Aug 2019 20:19:37 GMT

China attracts 1M investors in July

According to a report published by the China Securities Depository and Clearing Corporation Limited, China's securities market has attracted more than 1M new investors in July.

Sun, 18 Aug 2019 20:19:22 GMT

China approves ABT Networks IPO

On Saturday the China Securities Regulatory Commission has allowed the Beijing ABT Networks Co to make an initial public offering (IPO) on the SSE STAR Market.

Sun, 18 Aug 2019 19:37:02 GMT

Huaxia Bank reports 5.06% profit

A Chinese lender Huaxia Bank reported on Saturday a 5.06% or %1.51B net profit growth in the first half of this year.

Sun, 18 Aug 2019 18:38:20 GMT

Mexico cuts interest rates

On Friday, the Mexican President Andres Obrador supported cut of interest rate from 8.25% to 8% in order to give the economy an additional stimulus.

Sun, 18 Aug 2019 16:08:07 GMT

US stocks end lower amid investors' fears

Last week the majority of the US stocks ended lower amid growing fears of the upcoming recession as well as mixed economic data.

Sun, 18 Aug 2019 15:06:05 GMT

CBOT's futures price drop amid poor performance

Last week the price of most crop futures traded on the Chicago Board of Trade (CBOT) dropped amid high stockpiles and weak export results.

Sun, 18 Aug 2019 14:10:14 GMT

Xinyuan's stock price up 4%

On Friday, the stock price of Chinese estate developer Xinyuan has increased by 4% amid report of $19.8M net income in Q2.

Sun, 18 Aug 2019 13:03:14 GMT

Trump's tariffs raises costs of local producers

According to a report published by the Federal Reserve Bank of New York, the increase in tariffs by the White house has resulted in higher costs for local manufacturers and service companies.

Sun, 18 Aug 2019 12:14:03 GMT

Argentine Finance Minister Dujovne resigns

Nicolas Dujovne, the Finance Minister of Argentina, has resigned on Saturday amid disagreement with the country's President over economic recovery measures.

Sun, 18 Aug 2019 11:23:10 GMT

China calls France to protect multilateralism

The Chinese Ambassador to France Lu Shaye stated on Sunday that China and France should join forces to maintain multilateralism and improve global governance.

Sun, 18 Aug 2019 10:15:12 GMT

Gibraltar slams leaked Brexit documents

Fabian Picardo, the Chief Minister of Gibraltar, stated on Sunday that leaked documents about Gibraltar's inability to handle no-deal Brexit were incorrect and obsolete.

Sun, 18 Aug 2019 09:28:20 GMT

Iran objects US, UK presence in Gulf

Alireza Tangsiri, the Iranian Revolutionary Guards Navy chief, stated on Sunday that the presence of the US and UK forces in the Gulf region created instability.

Sun, 18 Aug 2019 08:18:04 GMT

Johnson says Parliament cannot stop Brexit

The British Prime Minister Boris Johnson is expected to assure his German and French colleagues that the Parliament has no power to stop Brexit.

Sun, 18 Aug 2019 06:40:07 GMT

Ferrari announces expansion

On Sunday, the premium sports car producer Ferrari announced that it will expand into making easy driven grand touring autos.

Sun, 18 Aug 2019 06:35:59 GMT

Saudi Minister comments on Houthi attack

On Saturday, the Saudi Energy Minister Khalid al-Falih announced that the attack made by rebels on Saudi oil fields was made by in an effort to disrupt oil production.

Sun, 18 Aug 2019 05:36:10 GMT

Telegraph releases Johnson message to EU

On Saturday, the Telegraph announced that the PM of the United Kingdom Boris Johnson will announce in his visit to the EU that the UK Parliament will not stop Brexit.

Sun, 18 Aug 2019 04:30:49 GMT

US and Canada discuss China

On Saturday, the US President and the PM of Canada discussed the wrongful detention of Canadian citizens by China.

Sun, 18 Aug 2019 03:13:58 GMT

Trump holds talks with Trudeau

On Saturday, it was announced that the President of the United States Donald Trump has held talks with the Prime Minister of Canada Justin Trudeau.

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