News

Note: This section contains information in English only.
Tue, 02 Oct 2018 03:35:45 GMT

PwC sees tech as solution for higher standards

The Big Four accounting firms could invest in technologies that would raise standards beyond what could be achieved by small rivals, the head of PWC stated, defending the firms against Britain's calls to be broken up.

Tue, 02 Oct 2018 02:34:53 GMT

New trade deals to boost Mexican auto parts output

Auto parts production in Mexico is expected to jump about 10% over the next three years, as automakers scramble to adhere to stricter content regulations of the new North American trade agreement.

Tue, 02 Oct 2018 02:30:31 GMT

Japan inflation forecasts slip on BoJ policy changes

Japanese companies' expectations for inflation over 2019 receded slightly, the Bank of Japan survey revealed, after the Central Bank conceded that it would take some time to reach the inflation target.

Mon, 01 Oct 2018 20:28:56 GMT

Trump: trade pact with Mexico, Canada to support US jobs

The US President Donald Trump stated that a new free trade deal with Mexico and Canada would support the US jobs, indicating it as a victory in a push to reshape the global commerce lines.

Mon, 01 Oct 2018 20:22:58 GMT

Google to test streaming service with Assassin's Creed

Alphabet's Google stated that it partnered with Ubisoft to test the game streaming service by offering the Assassin's Creed series' latest instalment.

Mon, 01 Oct 2018 19:10:56 GMT

France plans €15M investment to enhance refugee integration

The French government is likely to devote €15M to improve refugees' professional integration by helping them seek new initiatives and develop skills, the report showed.

Mon, 01 Oct 2018 19:06:59 GMT

Ireland's manufacturing PMI at 7-month high in August

The Irish manufacturing sector kept growing markedly in August despite a decrease in profitability, according to the latest report of Investec Manufacturing Purchasing Managers' Index.

Mon, 01 Oct 2018 18:32:25 GMT

Adam Mosseri named as Instagram's new head

Facebook's Instagram on Monday announced that the present Vice President of the product Adam Mosseri is set to take over as the photo-sharing application's new head.

Mon, 01 Oct 2018 18:27:25 GMT

IMF Lagarde: trade conflicts dim global expanison outlook

Christine Lagarde, the Managing Director of International Monetary Fund, stated that trade disputes and tariffs started to dim the outlook, calling on countries to resolve differences and reform global trading regulations.

Mon, 01 Oct 2018 17:30:57 GMT

Mitsubishi recalls more than 144K cars in Russia amid brake issue

The Russian standards agency stated that it was informed about the recall of 144K Mitsubishi cars sold in the period from December 2012 to September 2016 due to brake issue.

Mon, 01 Oct 2018 17:27:55 GMT

Greece to submit draft budget

The government of Greece is set to submit next year's draft budget to parliament on Monday, in a bid to outperform initial surplus targets and avoid implementing pension cuts.

Mon, 01 Oct 2018 16:32:53 GMT

Vedanta to invest $4B in Indian block

India's Vedanta invested $4.1B to boost oil production from its Barmer block in the state of Rajasthan to over 400K barrels per day in 2021, the company's Chairman Anil Agarwal stated.

Mon, 01 Oct 2018 16:29:58 GMT

Italy car sales drop 25% in September

Italian car sales decreased 25.37% year-over-year to 124K vehicles in September, the Transport Ministry stated on Monday, as a change towards a stiffer emissions tests affected sales.

Mon, 01 Oct 2018 15:27:59 GMT

Mexico: USMCA pact to take effect in H2 2019

New trade deal between the US, Canada and Mexico go into effect starting from the second half of the next year, Mexico's Economy Minister Ildefonso Guajardo stated on Monday.

Mon, 01 Oct 2018 15:24:39 GMT

US factory activity weakens in September

The US. manufacturing revealed weakening expansion pace in in September, as new orders' growth moderated sharply, though factories hired more workers, indicating sustained strength in the sector.

Mon, 01 Oct 2018 13:53:07 GMT

Hubject signs cooperation deal with Star Charge China

Germany's Hubject has signed a cooperation accord with Star Charge China to add its 20K charging points to Hubject's network, in a move to enter the highly contested market for EV charging.

Mon, 01 Oct 2018 13:52:55 GMT

Careem renews its operations in Oman

The Mideast ride-hailing service Careem announced on Monday it had resumed its operations in Oman's capital of Muscat, after signing a collaboration deal with the country's local taxi firm.

Mon, 01 Oct 2018 12:57:17 GMT

Encana plans New Mexico assets sale for $480M

On Monday, Encana said it was set to sell its New Mexico's San Juan assets to the privately-owned gas and oil producer DJR Energy in a deal worth $480M.

Mon, 01 Oct 2018 12:52:47 GMT

Turkish PMI hits its lowest level in nine years

Turkish manufacturing activity fell to its nine-year low in September, hitting 42.7 points, according to a closely-watched business survey presented on Monday.

Mon, 01 Oct 2018 12:39:54 GMT

Tesla's shares rise as Musk settles with US SEC

Tesla's shares surged almost 16% on Monday, as the carmaker's CEO Elon Musk has settled with the US Securities and Exchange Commission over the charges of misleading investors.

Mon, 01 Oct 2018 12:36:56 GMT

General Electric's CEO leaves, shares surge 15%

On Monday, the Chief Executive Officer of General Electric John Flannery has abruptly resigned from his post, sending the company's shares up 15% in a pre-market trading.

Mon, 01 Oct 2018 11:36:33 GMT

Richemont considers buying Italy's Buccellati

Richemont, the owner of Cartier, is thinking over an acquisition of the Italian jeweller Buccellati from China's Gansu Gangtai that acquired it last year.

Mon, 01 Oct 2018 11:32:14 GMT

Aston Martin cuts IPO range amid mixed investor feedbacks

Aston Martin, Britain's luxury carmaker, reduced the price range of its IPO to £20 per share, bringing the company's market value to £4.6B, after mixed investor feedbacks.

Mon, 01 Oct 2018 10:38:32 GMT

France's Casino attracts $655M in property sales

On Monday, France's supermarket group Casino stated it would sell its property assets for $655M with intention to cut debt levels, which had raised some concerns to investors.

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