News

Fri, 19 Apr 2019 07:34:12 GMT

Nissan refutes Nikkei's report

The Japanese car maker Nissan Motor Co Ltd stated on Friday that the report published by the Nikkei about reduction of the company's production was entirely incorrect and that the corresponding claim has already been filed.

Fri, 19 Apr 2019 07:30:22 GMT

Thailand to spend $630M on economy boost

The Finance Minister of Thailand Apisak Tantivorawong stated on Friday that the government planned to allocate $630M for economic growth, namely tourism, consumption and assistance to people with low income.

Fri, 19 Apr 2019 06:33:11 GMT

North Korea refuses to talk with Pompeo

One of the senior North Korean diplomats Kwon Jong Gun called the United States to replace Secretary of State Mike Pompeo as a top negotiator by "someone more mature".

Fri, 19 Apr 2019 06:28:02 GMT

Qualcomm and Guizhou province to close HXT

According to a report published by The Information, the joint venture Huaxintong Semiconductor (HXT) started in 2016 by Qualcomm and the Guizhou province would be closed by the end of April.

Fri, 19 Apr 2019 05:19:36 GMT

Cohen to buy AMI's National Enquirer

According to media reports, James Cohen is planning to acquire the National Enquirer from American Media Inc (AMI) for $100M.

Fri, 19 Apr 2019 05:14:52 GMT

South Korea to develop renewable energy sector

The Director of the Ministry of Trade, Industry and Energy of South Korea Park Jae-young stated on Friday that by 2040, the government plans to receive 35% of energy from renewable sources.

Fri, 19 Apr 2019 04:17:30 GMT

Hyundai appoints new Americas head and global COO

Jose Munoz, the former Carlos Ghosn's ally, has been appointed on Friday as Hyundai Motor Co's Americas chief and global chief operating officer (COO).

Fri, 19 Apr 2019 04:14:38 GMT

Japan to increase sales tax

On Friday, the Japanese Finance Minister Taro Aso reconfirmed the government's plan to increase sales tax in October.

Fri, 19 Apr 2019 03:57:50 GMT

Nintendo shares up 13% after Switch Chinese sales approval

Nintendo shares jumped 13% on Friday, after Tencent won the key approval to start selling Nintendo's Switch console in China, the world's biggest games market.

Fri, 19 Apr 2019 03:57:21 GMT

Japan's firms want tax increase to proceed

More than 60% of Japanese companies want authorities to proceed with the sales tax increase in October, thought feel that extra government spending is necessary to cushion the blow over the economy.

Fri, 19 Apr 2019 02:20:22 GMT

Uzbek foreign trade increases 27% in Q1

Uzbekistan's turnover of foreign trade was about $9.4B and increased 27% compared with the same period of 2018, according to the report of the country's statistics committee.

Fri, 19 Apr 2019 02:15:58 GMT

Nissan to slash global output 15%

Nissan Motor is set to cut global production about 15% for the current FY ending March 2020, as the company shifts away from the aggressive growth campaign promoted by former Chairman.

Thu, 18 Apr 2019 20:21:51 GMT

Canada sets new deadline for Trans Mountain decision

The Natural Resources Ministry of Canada stated on Thursday that the new deadline for a decision to be made on the extension of the Trans Mountain pipeline was set for June 18.

Thu, 18 Apr 2019 20:18:06 GMT

Hoyer speaks against impeachment

The US House of Representatives Majority Leader Steny Hoyer stated on Thursday that attempts to impeach the country's President Donald Trump would be irrational in light of the upcoming 2020 presidential elections.

Thu, 18 Apr 2019 19:20:27 GMT

Cohen to acquire National Enquirer

According to sources familiar with the matter, the Hudson News CEO James Cohen is expected to acquire American Media Inc's National Enquirer for $100M.

Thu, 18 Apr 2019 19:18:05 GMT

USITC positively evaluates NAFTA

The US International Trade Commission stated on Thursday that renegotiated NAFTA trade deal to certain extent would boost the country's economy, though it might decrease national vehicle production.

Thu, 18 Apr 2019 18:17:31 GMT

New NAFTA to create nerly 76K jobs

According to the White House, the renegotiated North American trade deal (NAFTA) is expected to create 76K new jobs in the automobile sector in the upcoming five years.

Thu, 18 Apr 2019 18:14:08 GMT

Oil prices remain unaffected by Saudi cuts

Despite a report about the decrease of Saudi Arabia's crude exports, the price of oil futures on Thursday did not change significantly, fluctuating around $63.66 a barrel.

Thu, 18 Apr 2019 17:05:19 GMT

Nationalisation of PrivatBank is illegal Ukraine's court rules

On Thursday, Ukraine's court ruled that the nationalisation of PrivatBank was illegal. However, the Ukrainian Finance Minister said it would appeal the ruling.

Thu, 18 Apr 2019 17:05:12 GMT

Tod's e-commerce sales surge by double digit

On Thursday, Diego Della Valle, the owner and CEO of Italy's luxury group Tod's, said that the company's e-commerce sales increased by a double digit.

Thu, 18 Apr 2019 16:01:04 GMT

US jobless claims drop to lowest level

According to data released by the US Commerce Department, the numbers of Americans applying for unemployment benefits, dropped to its lowest level in almost 50 years.

Thu, 18 Apr 2019 16:00:55 GMT

US retail sales increase in March

On Thursday, the US Commerce Department said that retail sales increased by 1.6% in March. The biggest gain in more than eighteen months.

Thu, 18 Apr 2019 15:16:38 GMT

US stocks open higher on Thursday

Wall Street edged higher on Thursday, boosted by a better-than-expected rise in the US retail sales, as data showed that the US economic growth picked up in the first quarter.

Thu, 18 Apr 2019 15:14:34 GMT

Jet Airways shares decline on Thursday

On Thursday, shares of Jet Airways Ltd edged lower, as investors had doubts if the grounded airline would take to the sky again.

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