News

Note: This section contains information in English only.
Fri, 07 Sep 2018 09:01:27 GMT

UK citizens expect central bank rate hikes

A Bank of England Survey on Friday revealed that British citizens are expecting the central bank to raise their interest rates in the next 12 months.

Fri, 07 Sep 2018 08:33:24 GMT

Elanco Animal Health unit hopes to attract $1.45B in IPO

Eli Lilly's unit Elanco Animal Health is planning to raise up to $1.45B in an initial public offering, betting on a rising demand for animal health firms among investors.

Fri, 07 Sep 2018 08:26:27 GMT

Britain's BTG acquires US vascular device maker

BTG Plc acquired Novate Medical, the US medical device producer, adding to the British healthcare company's portfolio a vascular device, designed to manage blood clots.

Fri, 07 Sep 2018 07:36:29 GMT

Elliott calls for new restructuring proposal at Hyundai Motor

Elliott Management, the US activist hedge fund, has demanded a fresh revamp at Hyundai Motor Group, after it had forced the South Korean company to abandon its reform plan three months ago.

Fri, 07 Sep 2018 05:11:16 GMT

Austria calls for dialogue with US and Russia

The Foreign Minister of Austria Karin Kneissl called the European Union on Thursday to start dialogue with the United States and Russia on resolution of the Syrian conflict.

Fri, 07 Sep 2018 05:07:59 GMT

Mattis visits Afghanistan

The US Defense Secretary Jim Mattis landed in Kabul on Friday to meet with the new head of NATO troops in Afghanistan General Scott Miller and discuss progress on negotiations with the Taliban.

Fri, 07 Sep 2018 04:18:23 GMT

Mexico wants to resolve steel dispute

The Economy Minister of Mexico Ildefonso Guajardo stated on Thursday he wanted to put an end to dispute on tariffs on aluminium and steel with the US before signing a revised NAFTA agreement.

Fri, 07 Sep 2018 04:13:48 GMT

Infosys creates joint venture with Temasek

One of the largest Indian software services companies Infosys announced on Friday it created a joint venture Singaporean Temasek in an attempt to expand its activity in Southeast Asia.

Fri, 07 Sep 2018 03:30:38 GMT

Japan's ministries seek $930B budget for next fiscal year

Japan's government offices announced their budget requests, which hit a record $930B in total for the 2019 fiscal year beginning in April, a government official stated.

Fri, 07 Sep 2018 03:24:48 GMT

BoC to raise rates even if NAFTA talks fail

The Bank of Canada's senior official indicated that the Bank may be forced to hike interest rates, if the NAFTA trade pact renegotiation fails, saying protectionist measures are likelto spur inflation.

Fri, 07 Sep 2018 02:33:07 GMT

Japan's household spending bounces back on wages rise

The Japanese household spending bounced back moderately in July with higher bonus payments pushing up real wages, while a tight job market was encouraging consumers to spend.

Fri, 07 Sep 2018 02:27:55 GMT

Broadcom sees Q4 boost from iPhone launch, data centre demand

Broadcom forecast revenue for the current quarter mostly above estimates due to higher demand for data centres components, while new iPhone launch was expected to bolster wireless business.

Thu, 06 Sep 2018 20:00:10 GMT

Chinese Vice President meets Iceland FM to discuss ties

The Chinese Vice President Wang Qishan met with Iceland's Foreign Minister Gudlaugur Thor Thordarson in Beijing to discuss ties and cooperation between the countries.

Thu, 06 Sep 2018 19:58:51 GMT

China's fixed-asset investment expands rapidly

China's fixed-asset investment expands at an average annual growth rate of 20.2%, the National Bureau of Statistics reports.

Thu, 06 Sep 2018 19:25:00 GMT

Rouhani not to meet Trump at UN assembly

The Iranian President Hassan Rouhani does not plan to meet the US President Donald Trump at the upcoming United Nations General Assembly, sources say.

Thu, 06 Sep 2018 19:24:10 GMT

Philippine business confidence weakens for Q3

The business outlook on the Philippine economy for the third quarter of 2018 became less optimistic, the Philippine central bank reports.

Thu, 06 Sep 2018 18:11:36 GMT

Kremlin: Russia is not involved in ex-spy's poisoning

Russia is not involved in the poisoning of the former Russian spy Sergei Skripal and his daughter, the Kremlin says, rejecting Britain's latest accusations.

Thu, 06 Sep 2018 18:10:33 GMT

Iran's oil exports to EU decline by half in 18 months

Iran's oil exports to the European Union have decreased by half in the past 18 months, the Financial Tribune daily reports.

Thu, 06 Sep 2018 17:27:34 GMT

Tanzanian President hires new anti-corruption chief

The Tanzanian President John Magufuli appointed a new Director General of the east African nation's Prevention and Combating of Corruption Bureau.

Thu, 06 Sep 2018 17:26:29 GMT

7.8 magnitude earthquake rocks Fiji Islands

A 7.8 magnitude earthquake rocked the Fiji Islands on Thursday, according to the China Earthquake Networks Center.

Thu, 06 Sep 2018 15:50:44 GMT

EagleClaw Midstream to acquire Caprock in $950M deal

On Wednesday, the pipeline firm EagleClaw Midstream Ventures announced it would acquire its competitor Caprock Midstream Holdings in a deal valued at $950M.

Thu, 06 Sep 2018 15:50:34 GMT

Nespresso to purchase Zimbabwe coffee to boost local industry

Nestle's unit Nespresso is planning to acquire almost all of the coffee crop from Zimbabwe's small farmers to help boost the struggling local industry, the Swiss group stated on Thursday.

Thu, 06 Sep 2018 15:36:50 GMT

Pebblebrook to acquire LaSalle Hotel for $5.2B

Pebblebrook Hotel Trust stated it would acquire LaSalle Hotel Properties in a cash-and-stock deal valued at $5.2B, just a day after dropping a $4.8B all-cash bid from Blackstone Group.

Thu, 06 Sep 2018 15:32:14 GMT

EU grants approval to Apple's acquisition of Shazam

The European Union has cleared Apple's planned purchase of Shazam, Britain's music discovery app, as the antitrust inquiry showed it would not affect the bloc's competition.

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