News

Note: This section contains information in English only.
Tue, 30 Jan 2018 17:13:35 GMT

US CB consumer confidence betters in January

The Conference Board Consumer Confidence Index for the United States improved over the month of January, jumping to 125.4 points and, thus, surpassing analysts' expectations.

Tue, 30 Jan 2018 16:01:52 GMT

Swiss KOF economic barometer worsens in January

KOF Economic Research Agency reported that its leading economic indicator dropped to 106.9 points in January from the 111.4-point reading registered in the preceding month.

Tue, 30 Jan 2018 16:00:24 GMT

EA19 posts 0.6% GDP growth in Q4 2017

According to the preliminary data released by Eurostat on Tuesday, the seasonally-adjusted GDP was up 0.6% in the Euro zone over the course of the final quarter of 2017.

Tue, 30 Jan 2018 15:32:17 GMT

260 German firms seen to be affected by industrial strikes

About 260 companies in Germany, including Porsche, Daimler and Bosch, are expected to be affected by a 24-hour strike scheduled on late Tuesday as employees raise outrage over wages and working hours.

Tue, 30 Jan 2018 15:19:05 GMT

Bell Helicopter sells three helicopters to Montenegro

On Tuesday, Montenegro has inked a deal to buy three helicopters from Bell Helicopter for $37M, seeking to bolster the country's defences as NATO's new member.

Tue, 30 Jan 2018 14:23:15 GMT

Amazon, JPM, Berkshire tie up over cheaper healthcare costs

JPMorgan Chase, Amazon.com and Berkshire Hathaway teamed up to form a venture with intention to lower their employees' healthcare costs in the United States.

Tue, 30 Jan 2018 14:04:37 GMT

Saudi Arabia to seize over $100B in corruption crackdown

The Saudi Arabian government is set to seize more than $100B in financial settlements amid corruption crackdown, the country's attorney general stated on Tuesday.

Tue, 30 Jan 2018 13:17:23 GMT

Microsoft launches update to disable Intel chip bug patch

On Monday, Microsoft issued an urgent security update to disable Intel's buggy Spectre patch after it had caused PCs to reboot more frequently than normal.

Tue, 30 Jan 2018 13:16:55 GMT

Saudi Aramco seeks to expand in India

The Saudi Arabian oil company Aramco is considering expansion into India's market, Nikkei reported on Tuesday, while Aramco's CEO stated plans for a refinery were crystallising.

Tue, 30 Jan 2018 11:55:43 GMT

Uber to sell Xchange's car lease portfolio to Fair

Uber is planning to sell a vehicle lease portfolio of the company's auto-leasing unit Xchange to a start-up digital vehicle marketplace Fair, not disclosing financial terms.

Tue, 30 Jan 2018 11:52:27 GMT

Varian Medical signs acquisition deal with Sirtex

On Tuesday, Varian Medical signed a deal to buy Australia's Sirtex Medical for around $1.3B, as the company intends to expand its cancer care product portfolio.

Tue, 30 Jan 2018 10:58:18 GMT

Oil prices fall amid stronger US dollar and increased supply

Oil prices fell to their weekly low on Tuesday, as stronger Greenback and increased US supply put downward pressure on the commodity.

Tue, 30 Jan 2018 10:56:55 GMT

Eurozone's economy expands 2.5% in 2017

The gross domestic product of the 19 Eurozone countries grew by 2.5% in 2017, thus recording the highest pace of expansion since 2007.

Tue, 30 Jan 2018 10:30:22 GMT

BP invests in FreeWire in EV move

BP has invested $5M in the US mobile electric vehicle firm FreeWire to help the company provide rapid charging at the retail sales in the EU and Britain amid rising demand for cleaner cars.

Tue, 30 Jan 2018 10:23:14 GMT

Turkey to represent Syrian opposition at talks in Russia

On Tuesday, Turkish Foreign Ministry stated it would represent the Syrian opposition at Russia's peace conference, following opposition's decline to attend the Syria talks.

Tue, 30 Jan 2018 09:34:14 GMT

Canon expects 2018 profit to surge to decade high

On Tuesday, Japanese Canon stated it was seeing its operating profit to surge 27% in 2018, reaching the highest level in ten years.

Tue, 30 Jan 2018 09:28:47 GMT

GM set to launch 15 redesigned models in China

General Motors is planning to introduce 15 new and redesigned car models in China later this year, as the carmaker seeks to strengthen its sales momentum in the automobile market.

Tue, 30 Jan 2018 08:32:43 GMT

Japanese Renesas dispels rumours on buying Maxim

Japan's Renesas Electronics on Friday disproved it had considered buying the US chipmaker Maxim Integrated Products, following a media report by CNBC that claimed a deal was already valued at $20B.

Tue, 30 Jan 2018 08:29:06 GMT

Waymo, Fiat Chrysler expand deal for automotive ride-hailing taxi

Fiat Chrysler is eager to provide Waymo with its Pacifica hybrid minivans amid Alphabet's unit expansion into the public ride-hailing service that is expected to be launched later this year.

Tue, 30 Jan 2018 07:10:45 GMT

Blackstone consider buying majority stake in Reuters' unit

The US private equity firm Blackstone is negotiating a purchase of about 55% stake in Thomson Reuters' Financial and Risk unit that could value a business at around $20B including debt.

Tue, 30 Jan 2018 07:07:15 GMT

SAP America plans to acquire Callidus for $2.4B

On Monday, Germany's business software company SAP announced its unit SAP America would acquire a cloud-based HR software firm Callidus Software in a deal worth $2.4B.

Tue, 30 Jan 2018 05:51:44 GMT

British PM promises to hold frank trade talks with China this week

The British Prime Minister Theresa May assured that the UK would hold ‘frank discussions' with China later this week in an attempt to strengthen their bilateral trade relations.

Tue, 30 Jan 2018 05:51:26 GMT

India's Ola announces plan to enter Australia

The Indian ride-hailing firm Ola plans to enter the Australian market as of early 2018, thus providing competition to its US rival Uber Technologies Inc.

Tue, 30 Jan 2018 05:22:24 GMT

Qualcomm to settle first fine instalment with Taiwan

The US-based chipmaker Qualcomm Inc is set to make its first instalment of $13.35M for violating anti-trust rules, the Taiwan Fair Trade Commission told media on Tuesday.

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