News

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Wed, 16 May 2018 02:55:43 GMT

Australia's wage growth below expectations in Q1

The Australian Bureau of Statistics reported that the country's wage price index increased 0.5% in the three-month period to March from the prior quarter, missing forecasts for a 0.6% rise.

Wed, 16 May 2018 02:35:41 GMT

Chinese home prices up 0.5% in April

Chinese new home prices grew 0.5% in April form the prior month, following a 0.4% increase in March, Reuters' calculations showed after NBS data was published.

Wed, 16 May 2018 02:32:07 GMT

Rosneft looks for experience in Vietnam, seeking global expansion

The largest Russian oil producer Rosneft was looking to the company's operations in Vietnam, aiming to get the experience required to expand global reach.

Tue, 15 May 2018 18:22:40 GMT

WhatsApp introduces new group-chat features

Messaging application WhatsApp introduced new features for group chats on Tuesday, which included more controls for regular group members and administrators.

Tue, 15 May 2018 18:22:28 GMT

US retail sales grow 0.3% in April

The US retail sales grew at a weaker than anticipated pace of 0.3% in April, following an upwardly revised 0.8% increase in the prior month, the Commerce Department stated.

Tue, 15 May 2018 16:52:39 GMT

Tesla to produce 500 Model 3 per day

The CEO of Tesla Elon Musk stated that production of the company's crucial Model 3 is set to exceed 500 cars per day over the course of this week, website Electrek reported.

Tue, 15 May 2018 16:52:29 GMT

SoftBank to open office in Saudi Arabia

SoftBank announced plans to open an office in Saudi Arabia in a bid to strengthen ties with the kingdom further, sources familiar with the matter stated.

Tue, 15 May 2018 16:18:58 GMT

360 Security to raise $1.7B in private placement of shares for technology projects

China's Internet security company 360 Security technology stated that it planned to raise nearly $1.69B in a private share placement to finance projects in the areas of big data and artificial intelligence.

Tue, 15 May 2018 16:18:27 GMT

Mexico: few chances for NAFTA deal this week, but possible this year

The Economy Minister of Mexico stated that he saw few chances for a NAFTA deal before a deadline at May 17 to present an agreement, which could by signed by the US Congress.

Tue, 15 May 2018 15:12:52 GMT

Iraq's cleric Sadr wins Parliamentary election

The Iraqi populist cleric Moqtada al-Sadr has won the Parliamentary election that became a surprise to the Shi'ite leader, the electoral commission stated.

Tue, 15 May 2018 15:06:14 GMT

Microchip receives approval to acquire Microsemi

On Tuesday, China has granted its antitrust approval to Microchip Technology to acquire rival Microsemi, sending its shares up 1.3% to $95.65.

Tue, 15 May 2018 14:37:45 GMT

Tyson Foods to acquire American Proteins' poultry blending assets

Tyson Foods announced on Tuesday it would acquire the poultry blending assets of AMPRO Products and American Proteins in a deal valued at around $850M.

Tue, 15 May 2018 13:39:54 GMT

South Korea issues arrest warrant for Samsung's official

On Tuesday, a court of South Korea has ordered an arrest of a top Samsung Electronics official, following the labour union sabotage claims.

Tue, 15 May 2018 13:36:40 GMT

Dropbox seeks development centre expansion in Israel

Dropbox, the US storage and file-sharing firm, is planning expansion of its development centre in the Israeli city of Tel Aviv, seeking to hire new staff and make acquisitions in machine-learning and security.

Tue, 15 May 2018 12:07:46 GMT

France's Worldline set to acquire SIX Payment Services

Worldline, the French payments firm, is set to acquire the payments business unit SIX Payment Services from SIX Group, the Swiss stock exchange operator, in a deal worth $2.75B.

Tue, 15 May 2018 12:07:26 GMT

Thomson Reuters to transfer forex derivatives to Ireland amid Brexit

On Tuesday, Thomson Reuters stated it would move its forex derivatives trading from London to Dublin due to the Britain's withdrawal from the European Union.

Tue, 15 May 2018 11:30:53 GMT

China's online retailer JD.com invests $306M in ESR Cayman

On Tuesday, ESR Cayman, the logistics fund manager and developer backed by the private equity group Warburg Pincus, announced that the Chinese online retailer JD.com provided it with investment worth $306M.

Tue, 15 May 2018 11:20:58 GMT

Polyphor prices shares in IPO at $37.95 each

Polyphor, the Switzerland-based biotech firm, has priced its shares in the initial public offering at $37.95 per share, moving to the upper end of its offer price range, the comapny stated on Tuesday.

Tue, 15 May 2018 10:11:47 GMT

Soros gets kicked out of Hungary

After years of pressure the George Soros foundation officially is leaving Hungary. The Budapest office is set to move to Berlin.

Tue, 15 May 2018 10:11:00 GMT

Hermes EOS wants clarity about Deutsche Boerse

The advisor of shareholders Hermes EOS has issued a call for a re-election of the chairman of Deutsche Boerse to create an orderly succession.

Tue, 15 May 2018 09:31:34 GMT

Thailand set to issue regulations on cryptocurrency, ICO

Security and exchange commission of Thailand is planning to issue rules on cryptocurrency, initial coin offering by the June-end, after conducting a pubic hearing, SEC chief reported on Tuesday.

Tue, 15 May 2018 09:23:05 GMT

Taiwan ex-President jailed for four months over information leak

On Tuesday, Taiwanese court has sentenced the former leader Ma Ying-jeou to four months in jail over the information leak connected to national security, according to legal documents.

Tue, 15 May 2018 08:36:40 GMT

Thomas Reynaud becomes new CEO of France's Iliad

On Monday, France's telecoms firm Iliad announced it had appointed Thomas Reynaud as the new CEO on the back of the reorganisation of the company's top management.

Tue, 15 May 2018 08:35:05 GMT

Vodafone CEO Colao to resign in October

Vodafone's CEO Vittorio Colao is set to step down from his position in October, following 10 years of leading the world's second biggest mobile operator, and will be replaced by the current Financial Director Nick Read.

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