News

Note: This section contains information in English only.
Fri, 29 Dec 2017 17:06:52 GMT

Germany's higher court rules against VW's suspension bid

The German Constitutional Court has ruled to reject Volkswagen AG's bid to suspend a special judge who investigated the ‘Dieselgate' emissions scandal.

Fri, 29 Dec 2017 17:05:47 GMT

LSE has raised £15B from IPOs in 2017

The London Stock Exchange has raised around £15B from initial public offerings in 2017, thus reaching a 63% increase from the previous year.

Fri, 29 Dec 2017 15:59:22 GMT

Media: Russia to sell S-400 missiles to Turkey

According to media reports, Russia had agreed to supply Turkey with S-400 missiles worth around $2.5B.

Fri, 29 Dec 2017 15:58:21 GMT

Gold pushes above $1,300 on Friday

Gold was trading near the $1,303 mark on Friday, as political tensions and reduced concerns over US rate hikes allowed for its largest annual increase since 2010.

Fri, 29 Dec 2017 14:52:14 GMT

German inflation surprise

German inflation data was released on Friday. The data sets revealed that the German inflation has reached the highest level in a period of five years.

Fri, 29 Dec 2017 14:52:05 GMT

Stock markets celebrate 2017

The stock market participants mostly celebrated on Friday, as the last day of trading began with almost nine trillion US Dollars gained throughout 2017.

Fri, 29 Dec 2017 14:02:19 GMT

Oil prices remain at record high

On the final day of trading oil prices hit another record high, as they hit the highest price level seen since the middle of 2015.

Fri, 29 Dec 2017 14:02:09 GMT

Trump speaks out against USPO

In a twitter post on Friday the US President Donald Trump expressed his shock that the United States Post Office was charging too lite to deliver packages.

Fri, 29 Dec 2017 12:54:49 GMT

Huawei's growth slows down

Huawei Technologies on Friday declared that income from overall operations and smartphone sales in 2017 have had the slowest growth compared with the past four years.

Fri, 29 Dec 2017 12:53:51 GMT

Goldman Sachs expects losses

Goldman Sachs Group announced on Friday that the bank expects a decrease of five billion US Dollars to its fourth quarter earnings.

Fri, 29 Dec 2017 11:53:25 GMT

Demand rises for Russian bonds

The Russians are planning to issue a bond that will help bring money back into the country as safeguard against future sanctions. Due to that reason demand for the bonds has risen sharply.

Fri, 29 Dec 2017 11:53:16 GMT

Hong Kong bankers plan new IPOs

Bankers in Hong Kong are planning a round of new initial public offerings in the next two years, which is in sharp contrast to 2017, which was the worst equity raising year in a decade.

Fri, 29 Dec 2017 10:55:21 GMT

Taiwan: island's defence budget to grow on Chinese pressure

On Friday, the President of Taiwan Tsai Ing-wen said the island's defence budget was set to grow steadily over years, as China's military ambitions are getting more apparent.

Fri, 29 Dec 2017 10:55:05 GMT

China ivory sales ban begins on Sunday

China's ban on ivory sales takes effect on Sunday, 31 December, a vital step towards curbing the slaughter of elephants.

Fri, 29 Dec 2017 09:59:02 GMT

Goldman Sachs moves asset management business to Dublin

According to a source with knowledge on the matter, Goldman Sachs has chosen Dublin as a hub for its asset management business in the wake of Britain's decision to leave the EU.

Fri, 29 Dec 2017 09:58:41 GMT

US IRS advises homeowners on tax prepayment

The US Internal Revenue Service advised the country's homeowners on prepaying their 2018 property taxes before Trump's tax law takes effect.

Fri, 29 Dec 2017 09:16:39 GMT

China: US must do more to trim its opioid demand

A senior China's drug control official said the United States should trim its "enormous" opioid demand rather than blaming China for being the main source.

Fri, 29 Dec 2017 09:15:35 GMT

Australia seen relaxing visa restrictions for overseas pilots

Australia's government is seen easing visa restrictions for overseas pilots due to the fact that a domestic shortage of professionals sees planes grounded and flights cancelled.

Fri, 29 Dec 2017 08:02:22 GMT

Huawei expects slowest revenue growth in four years

In a New Year's address to staff, Huawei's rotating CEO Ken Hu said the company expected 2017 revenue to soar 15%, making it the slowest revenue growth over the past four years.

Fri, 29 Dec 2017 08:02:08 GMT

Peruvians protest against Fujimori pardon

Thousands Peruvians took to the streets in Lima to march against the President's pardoning of the ex-authoritarian leader Alberto Fujimori.

Fri, 29 Dec 2017 07:00:59 GMT

Menlo Therapeutics files for IPO

The clinical stage biopharmaceutical company Menlo Therapeutics has filed or an IPO, striving to raise at least $85M. The firm is applying to list on NASDAQ with the ticker symbol "MNLO".

Fri, 29 Dec 2017 07:00:47 GMT

Apple offers apology for slowing down iPhones

In an open letter to its clients, Apple apologised for slowing down iPhones having old batteries and offered cheaper battery replacement for older iPhone models.

Fri, 29 Dec 2017 06:21:58 GMT

Reliance Jio to acquire RCom's wireless assets for $3.75B

According to sources with knowledge on the matter, India's LTE mobile network operator Reliance Jio has secured a $3.75B deal to acquire the debt-laden RCom's wireless assets.

Fri, 29 Dec 2017 06:21:11 GMT

China's CB to help banks cope with heavy cash demand

China's central bank said it would allow certain commercial banks keep fewer required reserves for the time being in order to help them cope with heavy cash demand before the Lunar New Year.

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