News

Note: This section contains information in English only.
Wed, 02 Jan 2019 10:03:41 GMT

European stocks decline on Wednesday

European stock indices started the year with a decline. Financial media blamed fears of a slowdown of global growth.

Wed, 02 Jan 2019 08:30:10 GMT

Philippine December inflation expected to slow to six-month low

Philippine inflation is seen easing to its six-month low in the previous month on slowing fuel and food prices, raising the possibility for the country's central bank to leave the policy rates unchanged for 2019.

Wed, 02 Jan 2019 08:24:14 GMT

Playtech to pay €28M in settlement with Israel tax authorities

Playtech, the gambling software company, is set to pay €28M under the settlement with Israel's tax authorities after its accounts' audit for the 2008-2017 years, the firm stated on Wednesday.

Wed, 02 Jan 2019 07:38:54 GMT

Israel Aerospace seeks investing in Aeronautics

Israel Aerospace Industries, the state-owned defence contractor, has launched talks with the local drone producer Aeronautics, seeking to make an investment in the company.

Wed, 02 Jan 2019 07:34:26 GMT

Britain's Ophir in talks about possible takeover offer

Britain's Ophir Energy has entered talks with Indonesia's Medco Energi unit over a potential all-cash acquisition offer, having a market valuation worth $321.41M.

Wed, 02 Jan 2019 05:53:11 GMT

Zijin Mining seeks selling $1.2B A-shares over Nevsun purchase

Zijin Mining Group, China's gold miner, is planning to sell about $1.2B worth of Shanghai new shares to the Chinese investors to fund its acquisition of the Canadian firm Nevsun Resources.

Wed, 02 Jan 2019 05:53:02 GMT

Warburg Pincus purchase of Leumi Card to be approved

On Monday, the Israeli banking regulator stated it was set to approve the Bank Leumi's credit card unit, Leumi Card, sale to Warburg Pincus, after finding the deal "fit and proper".

Wed, 02 Jan 2019 05:37:44 GMT

China's Faraday Future halts row with its main investor

On Monday, Faraday Future, China's electric vehicle developer, announced it had clinched a new restructuring deal with its main investor Evergrande Health Industry Group's unit, ending a legal dispute and clearing the way for raising funds.

Wed, 02 Jan 2019 05:29:33 GMT

Saudi Aramco completes acquisition of rubber JV Arlanxeo

Saudi Aramco has acquired the remaining 50% stake in the Netherlands' rubber joint venture Arlanxeo from the chemicals company Lanxess, becoming the only owner of the firm, it announced on Monday.

Wed, 02 Jan 2019 04:05:23 GMT

Iranian non-oil trade falls 34.27%

Iran's value of non-oil foreign trade was at $4.93B over the one-month period ending on December 21, indicating a 34.27% decline in the value compared with the prior period.

Wed, 02 Jan 2019 03:56:44 GMT

Sudan set to reduce inflation this year

The Central Bank of Sudan announced its intention to reduce the country's rate of inflation to 27.1% in 2019.

Wed, 02 Jan 2019 03:36:06 GMT

Australia's home prices drop markedly in 2018

Australia's home prices skidded almost 5% in 2018, the worst pace since 2008, amid waning investor interest and tighter credit conditions.

Wed, 02 Jan 2019 03:28:59 GMT

China factory activity weakens in December

The Chinese factory activity weakened for the first time in the 19-month period in December, as export orders kept falling, a private survey revealed.

Tue, 01 Jan 2019 21:25:00 GMT

DP World invests $3B last year

DP World, the operator of shipping terminals based in Dubai, diversified the company's global business portfolio via investments and acquisitions worth $3B in 2018.

Tue, 01 Jan 2019 21:22:43 GMT

ExxonMobil shelves LNG export project in Canada

ExxonMobil withdrawn the US oil major's WCC LNG export terminal in Canada from the process of environmental assessment, indicating that the project was shelved.

Tue, 01 Jan 2019 20:32:33 GMT

Jaguar to recall cars over engine hazard

Jaguar Land Rover is expected to recall more than 68K vehicles in China amid an engine safety hazard, according to the local quality watchdog.

Tue, 01 Jan 2019 20:30:18 GMT

France's Macron promises more reform medicine in 2019

France's Emmanuel Macron vowed to press over with his reform agenda in the year of 2019 in spite of a spate of protests, which extended a drop in the president's approval ratings.

Tue, 01 Jan 2019 19:18:34 GMT

Deutsche Telekom sues government on 5G auction

Deutsche Telekom filed a lawsuit against the local Federal Network Agency to protest preconditions for participation in a 5G mobile network frequency auction.

Tue, 01 Jan 2019 19:13:17 GMT

Parkimon unveils mobile parking application to help cease parking frustration

Parkimon, the mobility solution provider based in San Francisco, launched a parking application for mobile phones to help drivers to find parking places in the city.

Tue, 01 Jan 2019 18:33:57 GMT

Israeli exports hit $111B last year

Israeli services and commodities' exports reached a record-high of $111B in the year of 2018, the Ministry of Economy and the Export Institute stated.

Tue, 01 Jan 2019 18:27:09 GMT

Russian VAT rate increased to 20%

The Russian value-added tax rate was officially risen to 20% from 18%, according to the law signed by the Russian President Vladimir Putin.

Tue, 01 Jan 2019 17:32:39 GMT

Singapore's economy expands 3.3% in 2018

Lee Hsien Loong, the Prime Minister of Singapore, stated that the state's economy expanded steadily at 3.3% in 2018, close to that of the prior year and exceeding expectations.

Tue, 01 Jan 2019 17:26:17 GMT

Chinese manufacturing PMI falls in December

The Purchasing Managers' Index for the Chinese manufacturing sector was registered at 49.4 in December, down from 50.0 in the prior month, the NBS stated.

Tue, 01 Jan 2019 16:29:15 GMT

Albania's economy expands markedly in Q3

The Albanian economy expanded 4.5% in the third quarter of last yea, the strongest quarterly increase since 2011, the country's Prime Minister stated.

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