News

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Sat, 06 Oct 2018 17:19:48 GMT

China's government procurement increases 24.8% in 2017

China's government procurement increased by 24.8% to $467.6B in 2017 compared to the same period the previous year, official data shows.

Sat, 06 Oct 2018 15:59:40 GMT

Audi sales hit record in China

German car maker Audi's sales hit a record high of 417,234 vehicles during the first eight months of 2018 in China, a data published by Audi shows.

Sat, 06 Oct 2018 15:55:10 GMT

Myanmar's economy to grow 7.4%

Myanmar's economy is expected to expand 7.4% in the new fiscal year, which started on October 1, the ASEAN Macroeconomic Research Office reports.

Sat, 06 Oct 2018 15:29:58 GMT

Sudan, S. Sudan to open border crossings

Sudan and South Sudan agreed to establish a buffer area on their border, open border crossings before the end of the year and demarcate the Zero line, Sudan's SUNA news agency reports.

Sat, 06 Oct 2018 15:29:06 GMT

Mexico: consumer confidence rises 14% in September

Consumer confidence in Mexico improved 14% in September compared to the same period the previous year, the National Institute of Statistics and Geography reports.

Sat, 06 Oct 2018 13:55:47 GMT

EM: new NAFTA helps Mexico's economy

The new North American Free Trade Agreement brings additional stability to Mexico's economy, the Mexican Economy Minister Ildefonso Guajardo says.

Sat, 06 Oct 2018 13:55:06 GMT

S. Korea's inflation below 2% for 12 months

South Korea's headline inflation remained below 2% for 12 consecutive months, despite higher prices for oil products and farm goods, a government report shows.

Sat, 06 Oct 2018 13:29:37 GMT

Samsung's Q3 operating profit hits $15.5B

The Samsung Electronics reported a record high operating profit in the third quarter of 2018 as its semiconductor business performed better than expected, data shows.

Sat, 06 Oct 2018 13:28:43 GMT

China's courier sector expands rapidly

China's courier sector expanded rapidly in the first eight months of 2018 to $54B, an increase of 24.8% compared to the same period the previous year, the State Post Bureau reports.

Sat, 06 Oct 2018 12:32:35 GMT

Unilever rejects plan for single HQs in Rotterdam

Unilever rejected its initial plan to leave the UK to continue with a single headquarters in the Netherlands, the consumer goods company reports.

Sat, 06 Oct 2018 12:32:00 GMT

India, Russia to widen energy cooperation

India and Russia agreed to widen energy cooperation at a meeting between the Indian Prime Minister Narendra Modi and the Russian President Vladimir Putin.

Sat, 06 Oct 2018 11:23:08 GMT

Amazon ties up with CargoX over logistics pilot project

Amazon.com has partnered with the Brazilian firm CargoX, backed by Goldman Sachs, over a logistics pilot project development, according to a Bloomberg report.

Sat, 06 Oct 2018 11:19:02 GMT

Aircraft manufacturer Zunum picks France's Safran engine turbines

The Boeing-backed electric aircraft start-up Zunum has selected France's Safran to use its engine turbines to power hybrid regional airplane's electric motor, seeking to bring it into service in four years.

Sat, 06 Oct 2018 10:38:48 GMT

South Korean LG Electronics Q3 profit likely rise 44% y/y

The South Korean tech giant LG Electronics reported its Q3 operating profit likely surged 44.4% from the same period last year, slightly missing analysts' estimates.

Sat, 06 Oct 2018 10:35:56 GMT

Barclay's customers unable to access mobile app amid IT glitch

On Friday, Barclays customers experienced the mobile banking app outage due to another IT glitch at the British bank in the last few weeks.

Sat, 06 Oct 2018 09:39:39 GMT

US head of Office of Personnel Management Jeff Pon quits

On Friday, the director of the US Office of Personnel Management Jeff Pon announced his resignation, making the US President Donald Trump to lose another top level official.

Sat, 06 Oct 2018 09:36:34 GMT

Italian watchdog launches inquiry into Luxottica's takeover of Barberini

Italy's antitrust regulator has launched an inquiry into Luxottica's takeover of Barberini, the top sun lens manufacturer, due to concerns the deal could hurt competition.

Sat, 06 Oct 2018 08:34:11 GMT

White House to revise safety rules that bar autonomous cars

Trump's Administration is planning to rewrite the safety rules that impede self-driving vehicles from the roads with no equipment such as pedals, mirrors and steering wheels, according to a document filing.

Sat, 06 Oct 2018 08:31:11 GMT

California's Bird launches e-scooters in Mexico City

California's scooter start-up Bird stated on Friday it had entered Latin America with a launch of the electric scooters in Mexico City, as the company sought to shake-up the urban transportation globally.

Sat, 06 Oct 2018 07:38:02 GMT

Thai Osotspa prices IPO at high end of proposed range

Osotspa, the century-old Thai energy drinks maker, has priced its IPO at the high-end of its initial price range, bringing the valuation of the company to $2.29B.

Sat, 06 Oct 2018 07:34:24 GMT

Juncker: EU may propose changes to Italy's budget if necessary

The EU Commission President Jean-Claude Juncker stated on Saturday that the bloc would not interfere in the budget planning of Italy; however, it could propose some changes if necessary.

Sat, 06 Oct 2018 06:39:56 GMT

Civitas Solutions considers potential sale

The home healthcare provider Civitas Solutions is thinking over a potential sale, according to sources.

Sat, 06 Oct 2018 06:38:23 GMT

Mediaset, F2i finalise EI Towers acquisition

The infrastructure fund F2i and Italy's broadcaster Mediaset have successfully completed their buyout of EI Towers, the Italian masts group.

Sat, 06 Oct 2018 05:39:47 GMT

Saudi Crown Prince: NEOM zone to be completed by 2025

On Friday, the Crown Prince of Saudi Arabia Mohammed bin Salman claimed that $500B special business zone NEOM will be fully completed by 2025.

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