News

Note: This section contains information in English only.
Wed, 04 Oct 2017 12:09:18 GMT

Iceland cuts key interest again month ahead of snap election

On Wednesday, Iceland's Central Bank cut its key rate for the fifth time, one month ahead of the snap Parliamentary election to mitigate the effect of lower inflation.

Wed, 04 Oct 2017 10:52:05 GMT

EU Commission takes Ireland to court over $15.3B Apple tax bill

The EU Commission took Ireland to the European Court of Justice over its failure to recover $15.3B of a tax due from the US tech giant Apple.

Wed, 04 Oct 2017 10:50:10 GMT

Honda to halt production at Japan factory by 2022

On Wednesday, Honda announced it was planning to halt production at one of the Japanese domestic plants within the five years as the carmaker was focusing on the electric vehicle development.

Wed, 04 Oct 2017 10:09:49 GMT

Catalonian crisis hits stocks

On Wednesday European stocks decline despite new high levels on Wall Street. The reason was the fundamental disruption caused by the Catalonian issue.

Wed, 04 Oct 2017 10:09:05 GMT

Catalonia will declare independence

The Catalan leader Carles Puigdemont announced on Wednesday that the region will declare independence during the weekend.

Wed, 04 Oct 2017 09:11:35 GMT

Banks join IBM and UBS trade finance blockchain

CaixaBank, Commerzbank, Erste Group and Bank of Montreal joined UBS and IBM groups to build a blockchain-based technology aimed at supporting trade finance transactions.

Wed, 04 Oct 2017 09:10:52 GMT

Airbus seeks to push A350 production above its benchmark

On Wednesday, Airbus stated that it had all the capacity to raise the A350 aircraft production above company's targeted level of ten planes a month by the next year's end.

Wed, 04 Oct 2017 08:01:02 GMT

Mongolia appoints new PM on Wednesday

On Wednesday, the Mongolia Parliament appointed its new Prime Minister Ukhnaa Khurelsukh, putting the country back on track to receive the IMF funds from a $5.5B economic rescue package.

Wed, 04 Oct 2017 08:00:51 GMT

EU competition head to hold conference on state aid cases

A Competition Commissioner of the European Union Margrethe Vestager is set to speak at the news conference on Wednesday in Brussels over two state aid cases.

Wed, 04 Oct 2017 07:29:50 GMT

Three soldiers killed as bomb explodes in Southeast Turkey

Three Turkish soldiers were reported to be dead and five more wounded after Kurdish militants detonated a bomb in the Southeast Turkey, close to the Iranian border.

Wed, 04 Oct 2017 07:23:28 GMT

Japan's Abe, Trump set to talk via phone on Wednesday

The US and Japan leaders Donald Trump and Prime Minister Shinzo Abe are set to hold phone talks on Wednesday over the shooting in Las Vegas and North Korean missile programme.

Wed, 04 Oct 2017 06:32:57 GMT

China's soybean imports from US face delays amid hurricane damage

China's imports of soybeans from the United States are expected to be delayed by no less than two weeks amid suppliers' struggle to find high-quality beans after hurricanes damaged the crop.

Wed, 04 Oct 2017 06:25:32 GMT

Aid groups call for $434M for Rohingya Muslims

On Wednesday, humanitarian groups stated that they needed $434M for the next six months, seeking to help about 1.2M fleeing Rohingya Muslims in Bangladesh.

Wed, 04 Oct 2017 04:50:30 GMT

Philippines won't tweak monetary policy

The governor of the Philippine Central Bank Nestor Espenilla has announced that the bank won't change the country's monetary policy in the short term.

Wed, 04 Oct 2017 04:41:52 GMT

Japan Display shares jump on announcement

The share price of Japan Display jumped 24% after an announcement on Wednesday that the company will mass produce low cost OLED screens.

Wed, 04 Oct 2017 04:24:29 GMT

Mattis will make another attempt with Pakistan

The Defence Secretary of the US Jim Mattis on Tuesday announced that the United States will try again to collaborate with Pakistan in the territory of Afghanistan.

Wed, 04 Oct 2017 04:22:58 GMT

Honda CEO schedules press conference

Honda Motor CEO Takahiro Hachigo will hold a press conference at 06:30 GMT on Wednesday. However, the topic of the conference has not been revealed.

Wed, 04 Oct 2017 03:19:36 GMT

World Bank raises East Asia growth projections for 2017, 2018

The World Bank raised expectations for the economic growth in East Asia and Pacific for 2017 and 2018 years, but saw the outlook clouded due to geopolitical tensions and trade protectionism.

Wed, 04 Oct 2017 03:18:52 GMT

Two Nissan plants raided over improper vehicle checks

Japanese Transport Ministry stated that it conducted raids at two factories producing Nissan cars, as part of investigation on unauthorised vehicle inspections.

Wed, 04 Oct 2017 01:48:59 GMT

Ford to slash costs $14B, invest in electric cars, trucks

Ford Motors is set to cut $14B in costs over the course of the next five years, while shifting capital investment from sedans to hybrid and electric cars and more trucks' development.

Wed, 04 Oct 2017 01:48:03 GMT

Japanese service sector's growth slows in September

The Japan Services PMI dropped to a seasonally adjusted 51.0 in September, indicating the slowest pace of expansion in 11 months, as new orders growth eased in the reported period.

Tue, 03 Oct 2017 19:57:19 GMT

France approves anti-terrorism legislation

The French National Assembly approved counter-terrorism legislation that empowers police at times when a terror threat is considered to be extreme.

Tue, 03 Oct 2017 19:52:40 GMT

Goldman Sachs keeps open mind on bitcoin

The CEO of Goldman Sachs said that he kept an open mind on bitcoin following a media report that the investment bank was studying a new trading operation dedicated to cryptocurrencies.

Tue, 03 Oct 2017 18:52:14 GMT

Bitcoin to skyrocket 40% by year end

Bitcoin is expected to rally 40% to reach $6,000 by the year end, but investors should be prepared for elevated volatility. 

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