News

Note: This section contains information in English only.
Mon, 17 Dec 2018 16:30:11 GMT

Mercedes-Benz cuts prices in China after suspension of tariff on US-made cars

Germany's luxury car producer Mercedes-Benz stated that it is set to offer discounts over cars imported into China from the US until March 31 after Beijing suspended extra tariffs on the US-made cars.

Mon, 17 Dec 2018 16:26:44 GMT

Guess fined $45M for blocking cross-border sales in EU

The EU antitrust regulators fined the US clothing firm Guess $45.3M for illegally blocking European cross-border sales within a crackdown over illegal practices, which block e-commerce in the European Union.

Mon, 17 Dec 2018 13:47:05 GMT

ABB will sell Power Grids to Hitachi

On Monday, it was announced by the Swiss engineering group ABB that it has reached a deal to sell the company's power grids unit to Japan's Hitachi.

Mon, 17 Dec 2018 13:46:57 GMT

US banks dump risky loans

As fears of a recession appear in the markets, US banks have been downplaying the risks publicly. Meanwhile, Reuters reported that largest banks have been backing out of riskier loans.

Mon, 17 Dec 2018 13:14:00 GMT

Nissan CEO guides Renault directors

The CEO of Nissan Motors on Monday called upon the directors of Renault to heed the reasons for sacking the Chairman of the Nissan-Renault alliance.

Mon, 17 Dec 2018 13:12:11 GMT

Google will build new campus in New York

On Monday, representatives of Alphabet announced that Google will invest in the creation of a one billion worth campus in New York. The campus is expected to create thousands of new jobs.

Mon, 17 Dec 2018 10:12:24 GMT

Baden-Wuerttemberg to sue Volkswagen

According to the Frankfurter Allgemeine Zeitung newspaper, the German Baden-Wuerttemberg is planning to file a claim against Volkswagen over scandal related to deceptive results of emissions tests.

Mon, 17 Dec 2018 10:08:28 GMT

US wishes to lead WTO reforms

The US Trade Ambassador Dennis Shea on Monday condemned Chinese "unfair practices" that violate the World Trade Organization (WTO) regulations and said that his country would lead reforms in the organization.

Mon, 17 Dec 2018 07:59:35 GMT

US welcome China concessions

On Monday, the United States said that China's trade steps look like a good start since the two countries suspended a trade war in early December.

Mon, 17 Dec 2018 07:59:07 GMT

Asian shares pick up before US-China key policy events

On Monday, Asian shares perked up ahead of the key policy event in the United States and China, as investors cautiously await the outcome.

Mon, 17 Dec 2018 07:09:26 GMT

National Australia Bank says CEO to take two months leave

On Monday, the Australia bank NAB's said that its Chief Executive Officer would take about two months holiday around inquiry report release.

Mon, 17 Dec 2018 07:08:41 GMT

Oil prices pressured by global economic concerns and oversupply

Crude oil prices remained stable on Monday after declining about 2% in the previous trading session, as the commodity remained under the pressure of oversupply and weaker global economic growth.

Mon, 17 Dec 2018 06:21:43 GMT

Taiwan is expected to leave bank rates unchanged

A Reuters Poll on Monday revealed that most of the surveyed economists and financial analysts don't expect a central bank rate change in Taiwan.

Mon, 17 Dec 2018 06:21:16 GMT

Careem launches a delivery service

On Monday, it was revealed that the Middle East ride-hailing company Carrem is diversifying by launching a delivery service that will offer to deliver various products like pharmaceutical and food.

Mon, 17 Dec 2018 05:34:43 GMT

Bank of Japan warns about risk

The officials of Bank of Japan on Monday warned that global economic risks have increased. Although, the central bank is set to keep its monetary policy unchanged for the near future

Mon, 17 Dec 2018 05:34:06 GMT

Taisho is near to acquiring Bristol-Myers

On Monday, it was announced by representatives of Taisho Pharmaceutical Holdings that they are about to close a $1.6 billion deal to buy Bristol-Myers Squibb Company.

Mon, 17 Dec 2018 03:59:13 GMT

Japan's inflation expectations edge higher ahead of BoJ meeting

Japanese firms' expectations for inflation over 2019 nudged slightly higher, the BoJ survey revealed, though the outlook indicated that consumer prices remained well below the Central Bank's 2% target.

Mon, 17 Dec 2018 03:53:29 GMT

Hitachi to purchase of power grid business of ABB

Hitachi and ABB are likely to announce their plan for Japan's conglomerate to purchase the Swiss group's power grid business for nearly $7B, the Nikkei reported.

Mon, 17 Dec 2018 03:29:03 GMT

PBoC to guide social financing growth, credit as economic challenges increase

The People's Bank of China stated that it is set to guide reasonable increase of social financing, credit and further improve the channel fof the monetary policy transmission.

Mon, 17 Dec 2018 03:26:00 GMT

British consumer spending declines strongly last month

The UK consumer spending dropped 0.7% year-on-year in November, the strongest decline since July, payments firm Visa said, adding to signs of weakening economic growth toward the 2018 end.

Sun, 16 Dec 2018 21:00:00 GMT

Qatar plans to increase stake in Deutsche bank

On Sunday, Handelsblatt newspaper reported that Qatar royal family is planning to increase its stake in Deutsche bank.

Sun, 16 Dec 2018 20:59:22 GMT

Thousands of protesters hit Hungary streets on Sunday

On Sunday, thousands of demonstrators gather in Budapest to protests against Hungary's Prime Minister Viktor Orban new labour law.

Sun, 16 Dec 2018 20:03:16 GMT

Guterres calls for credible investigation into Khashoggi murder

On Sunday, the UN Secretary-General Antonio Guterres called for a credible probe into the murder of Saudi journalist Jamal Khashoggi at the Saudi Arabian embassy in Istanbul.

Sun, 16 Dec 2018 20:02:52 GMT

Poroshenko hopes Ukraine's anti-corruption court formed by next year's

On Sunday, the Ukrainian President Petro Poroshenko said that he hoped that a special anti-corruption court is formed by February next year.

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