News

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Fri, 28 Dec 2018 09:52:15 GMT

HK's NWS Holdings to acquire FTLife Insurance in $2.8B deal

Hong Kong's NWS Holdings agreed to acquire FTLife Insurance in a deal worth $2.8B with China's financial holding company JD Group.

Fri, 28 Dec 2018 09:40:06 GMT

Green Growth to start hostile bid for Aphria

Green Growth Brands, the US cannabis retailer, announced it would launch a hostile bid to take over the pot producer Aphria, valuing the firm at $2.06B.

Fri, 28 Dec 2018 06:19:04 GMT

Nissan to decrease car production in China

According to sources familiar with the matter, Nissan Motor Co is considering to produce in China 30K cars less than initially planned amid plunge of demand.

Fri, 28 Dec 2018 06:12:54 GMT

Rusal meets new board chairman

On Friday, Jean-Pierre Thomas took the seat of Matthias Warnig and became the new board Chairman of the world largest aluminum producer Rusal.

Fri, 28 Dec 2018 05:22:05 GMT

Novak ties unstable oil prices with US actions

The Russian Energy Minister Alexander Novak stated on Thursday that one of the main reasons behind current oil price volatility was the increasing American protectionism.

Fri, 28 Dec 2018 05:19:18 GMT

Mexico to counter fuel theft

On Thursday, the Mexican government said it would engage military forces to counter fuel theft and simultaneously pursue a tougher anti-corruption policy.

Fri, 28 Dec 2018 04:28:03 GMT

China's service exports surge in January-November

China's service exports amounted 33.3% of the total service trade in the period of January to November, data from the MOC revealed.

Fri, 28 Dec 2018 04:11:05 GMT

Nissan to cut auto production in China as demand weakens

Nissan Motor announced plans to cut car production in China by 30K units in the following months, as global automakers grapple with weakening demand in the car market.

Fri, 28 Dec 2018 03:34:48 GMT

Japan factory production falls, sales drop as risks to economy increase

The Japanese industrial production contracted in November and partially reversed the prior month's gain, while retail sales' growth weakened sharply amid increasing risks dragging and threatening the export-reliant economy.

Fri, 28 Dec 2018 03:29:16 GMT

Rio Tinto expects no job cuts amid driverless train project

Australia's mining firm Rio Tinto stated that it does not anticipate to cut positions next year even though it deployed automated heavy-haul trains to diminish costs.

Thu, 27 Dec 2018 20:48:34 GMT

Saudi Arabia to remove travel ban on Lebanon

Saudi Arabia will lift a travel ban on Lebanon after a Lebanese government will be formed, the Saudi Ambassador to Lebanon Walid Bukhari says.

Thu, 27 Dec 2018 20:47:50 GMT

China service exports rise

China's service exports increased by 14.7% to around $230B in the first 11 months of 2018, the Ministry of Commerce data shows.

Thu, 27 Dec 2018 20:27:59 GMT

Zimbabwe faces economic challenges

Zimbabwe still faces economic challenges despite increasing investment in the country, the President Emmerson Mnangagwa says.

Thu, 27 Dec 2018 20:27:11 GMT

Ukrainian PM calls for joint efforts to ensure growth

Government, parliament and courts should work together to ensure economic growth in Ukraine in 2019, the Ukrainian Prime Minister Volodymyr Groysman says.

Thu, 27 Dec 2018 19:39:19 GMT

Andry Rajoelina wins Madagascar election

Andry Rajoelina won a presidential election in the second round, Madagascar's Independent National Election Commission reports.

Thu, 27 Dec 2018 19:38:51 GMT

UAE embassy reopens in Syria

The embassy of the United Arab Emirates in Syrian capital Damascus has been reopened on Thursday for the first time in seven years.

Thu, 27 Dec 2018 18:02:06 GMT

Saudi king initiates cabinet reshuffle

Saudi King Salman bin Abdulaziz Al Saud initiated a cabinet reshuffle on Thursday, the Saudi Press Agency reports.

Thu, 27 Dec 2018 18:01:35 GMT

Trump returns to US after unexpected trip to Germany, Iraq

The US President Donald Trump returned to the United States after an unexpected recent visit to Germany and Iraq.

Thu, 27 Dec 2018 17:01:34 GMT

Oil prices drop to 18 months low on Thursday

On Thursday, crude oil prices fell to an eighteen-month low, as concerns on oversupply and worries over stumbling global economy weighed heavily on market prices.

Thu, 27 Dec 2018 17:01:12 GMT

US SEC to work on partial basis due to government shutdown

On Thursday, the US Securities and Exchange Commission announced that it would operate on a partial basis and reduced staff due to the ongoing government shutdown.

Thu, 27 Dec 2018 16:25:56 GMT

Wall Street edges lower on Thursday

US shares declined by 1% on Thursday, led by energy stocks, a day after Dow Jones Industrial record-breaking surge.

Thu, 27 Dec 2018 16:24:07 GMT

King Salman appoints new Foreign Minister

Saudi Arabia's King Salman bin Abdulaziz Al Saud has appointed Ibrahim al Assaf, the former Saudi Arabian Finance Minister, as the country's Foreign Minister.

Thu, 27 Dec 2018 15:22:26 GMT

China's Sinopec ceases key off officials at Unipec trading arm

China's state oil giant Sinopec suspended two key officials at its Unipec trading arm, after the company faced losses, sources reported on Thursday.

Thu, 27 Dec 2018 14:57:45 GMT

Tesla registers new financial leasing unit

Tesla has set up a new financial leasing unit in China amid latest sign the US EV maker is trying to accelerate its push into the Asian country.

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