News

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Wed, 31 Jan 2018 11:56:59 GMT

Bosch examined on fraud suspicion in Chrysler emission probe

On Wednesday, Stuttgart's prosecution office probed two Robert Bosch's employees on a fraud suspicion in a recently launched investigation into Chrysler's diesel emissions in the US.

Wed, 31 Jan 2018 10:58:34 GMT

Oil continues to drop

On Wednesday oil prices continued to decline. However, the commodity price was set to book its biggest growth in January since 2013.

Wed, 31 Jan 2018 10:57:36 GMT

German retail sales growth is expected to slow down

German retail association HDE on Wednesday announced that this year's German retail sales are forecast to increase by 2%. That is a slowdown, compared to last year's 4.1%.

Wed, 31 Jan 2018 10:32:26 GMT

Japanese Sharp reports fifth consecutive Q4 profit

The Apple supplier Sharp posted its fifth straight Q4 net profit of 20.6B yen, slightly beating the estimates for a 19.14B yen reading, driven by sales gains of its televisions.

Wed, 31 Jan 2018 10:10:49 GMT

PM May seeks to open up China market access to Britain

On Wednesday, Theresa May stated that a lot should be done in the nearest future to open up the Chinese market access to British firms, as the country sought a free trade deal with China.

Wed, 31 Jan 2018 09:32:36 GMT

Polaris to buy majority stake in Fujitsu's phone unit

The investment fund Polaris Capital Group is set to acquire 70% stake in Fujitsu's mobile phone unit, as the Japanese company seeks to focus on its IT services business.

Wed, 31 Jan 2018 09:26:08 GMT

Xerox posts Q4 loss on Wednesday

On Wednesday, Xerox reported a Q4 loss from the continuing operations of $196M, compared with the last year's $185M profit and caused by a falling demand for its office printing.

Wed, 31 Jan 2018 08:07:16 GMT

SoftBank to buy majority stake in Line's mobile business

Line Corp announced on Wednesday it had signed a deal with SoftBank Group to sell the telecom-tech company 51% stake in the its mobile unit.

Wed, 31 Jan 2018 08:00:44 GMT

Nintendo posts strong Q3 operating profit

On Wednesday, Japan's video games maker Nintendo reported that its Q3 operating profit surged 261% to $1.07B from the last year, driven by a higher demand for its Switch game console.

Wed, 31 Jan 2018 07:29:40 GMT

Line to introduce cryptocurrency exchange to avoid hacks

On Wednesday, Japanese Line stated it sought to operate a cryptocurrency exchange after hackers had stolen $530M from Coincheck.

Wed, 31 Jan 2018 07:27:40 GMT

Fujifilm to phase out 10K jobs at JV with Xerox

Japan's Fujifilm is planning to cut 10K jobs globally at the joint venture with Xerox as part of a necessary overhaul of the photocopying business due to a severe market environment.

Wed, 31 Jan 2018 05:51:53 GMT

Leshi Internet marks major losses

The Chinese video streaming service of Leshi Internet Information & Technology has announced that the firm expects a $1.83 loss in 2017.

Wed, 31 Jan 2018 05:51:44 GMT

Trump urges Congress to allow experimental therapy

During his State of the Union address President Trump asked the US Congress to allow terminally ill patients to try out not approved therapy methods.

Wed, 31 Jan 2018 05:21:18 GMT

Bank of Japan fights speculators

The Bank of Japan has increased its efforts to stop market speculation of the bank's end of a massive stimulus package.

Wed, 31 Jan 2018 05:20:28 GMT

Trump asks Congress for help

The President of the US on Tuesday asked Congress to approve at least $1.5 trillion spending in US infrastructure.

Wed, 31 Jan 2018 04:36:00 GMT

Hong Kong home prices mark record growth in 2017

Private home prices in Hong Kong rose to a new peak for the 14th month in succession in December, bringing the annual increase to 16.7% and raising concerns over local housing affordability.

Wed, 31 Jan 2018 04:31:37 GMT

Leshi Internet expects $1.8B loss for 2017

China's video streaming business Leshi Internet stated that it anticipated a net loss of $1.83B for 2017, claiming a cash crunch of LeEco, which affected the company's revenues.

Wed, 31 Jan 2018 03:31:17 GMT

Chinese manufacturing activity deteriorates in January

The CFLP reported on Wednesday that its PMI for the Chinese manufacturing sector came in at 51.3 in January, following the prior month's 51.5, while analysts anticipated a decline to 51.5.

Wed, 31 Jan 2018 03:30:12 GMT

Australian consumer prices rise less than expected in Q4 2017

The ABS reported that its CPI rose 0.6% on a quarterly basis in the Q4 of 2017, after climbing 0.6% in the preceding quarter, while analysts expected a 0.7% increase.

Tue, 30 Jan 2018 21:17:40 GMT

Wal-Mart in talks to buy minority stake in Flipkart

Sources close to the matter reported on Tuesday that Wal-Mart Stores, an American multinational retail corporation, was in advanced negotiations to acquire a minority stake in India's e-commerce company Flipkart.

Tue, 30 Jan 2018 21:14:11 GMT

Facebook to ban cryptocurrency-related ads

On Tuesday, Facebook stated that it would ban all ads promoting cryptocurrency-related services and products, as well as ICOs.

Tue, 30 Jan 2018 20:29:30 GMT

Russia to deport North Korean migrant workers

Interfax reported on Tuesday that Russia would send all migrant workers from North Korea back to their home country by the end of 2019 to comply with the UN Security Council resolution on North Korea.

Tue, 30 Jan 2018 20:17:54 GMT

Trump's cancellation of new Russian sanctions cause wave of criticism

US official criticised the US President Donald Trump's Tuesday decision not to impose additional sanctions against Russia for its interference in the 2016 US Presidential Election.

Tue, 30 Jan 2018 19:09:40 GMT

Carney: US economy still looks strong

On Tuesday, Mark Carney, the BoE Governor, said he appreciated Donald Trump's rhetoric in favour of a strong Greenback, adding the US economy remains on a solid footing.

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