News

Note: This section contains information in English only.
Wed, 30 May 2018 12:00:57 GMT

India, Indonesia to strengthen defence and maritime cooperation

India and Indonesia have agreed to strengthen their defence and maritime cooperation by constructing a naval port in the Indian Ocean and developing an economic zone at Sabang.

Wed, 30 May 2018 11:09:17 GMT

Turkey to buy jets elsewhere if the US blocks Lockheed deal

The Turkish Foreign Minister Mevlut Cavusoglu told media on Wednesday that Turkey would get jets elsewhere if the US government blocked its purchase of Lockheed Martin F-35s.

Wed, 30 May 2018 11:03:09 GMT

Greece sells 5% stake in OTE for €284M

Greece has sold a 5% stake in the country's biggest telecommunications operator OTE to Deutsche Telekom for €284M.

Wed, 30 May 2018 10:16:52 GMT

Nomura pushes back ECB rate hike forecast

The Japanese investment bank Nomura has pushed back the estimated timing for a rate hike by the European Central Bank from March 2019 to September 2019.

Wed, 30 May 2018 10:09:53 GMT

Inflation in German states jumps above ECB target in May

The Federal Statistical Office of Germany reported that inflation in five German regions, including North Rhine-Westphalia and Bavaria, exceeded the ECB target rate of 2% in May.

Wed, 30 May 2018 09:14:11 GMT

Chinese officials lash out at US threats

The Chinese authorities on Wednesday scolded the renewed US trade threats, which come just before the US Commerce Secretary visits China.

Wed, 30 May 2018 09:13:39 GMT

IMF sees risks for China

The International Monetary Fund on Wednesday announced that trade frictions are creating a significant risk for the Chinese economy.

Wed, 30 May 2018 08:02:15 GMT

Bayer gets US approval for Monsanto deal

Bayer has won the US approval for the planned Monsanto takeover, after it had agreed to sell around $9B in assets, clearing major impediments for the $62.5B deal.

Wed, 30 May 2018 07:50:45 GMT

WellCare Health to acquire Meridian Health Plans

On Tuesday, WellCare Health stated it was set to acquire Meridian Health Plans of Illinois and Michigan in a deal valued at $2.5B in cash, seeking to become the key Medicaid provider.

Wed, 30 May 2018 06:59:00 GMT

Hong Kong Airlines considers IPO, taps investors

China's Hong Kong Airlines is planning an initial public offering in the near future, tapping investors to attract about $350M by selling its new shares and convertible bonds, an official document showed.

Wed, 30 May 2018 06:57:46 GMT

Uber's rival Taxify raises $175M in funding from Daimler

The German carmaker Daimler has invested $175M into the Estonian taxi service and Uber's rival Taxify, which operates across the Central and Eastern Europe and Africa, two companies stated on Wednesday.

Wed, 30 May 2018 06:35:46 GMT

Cigna to buy ANZ Bank New Zealand's life insurance unit

The US-listed Cigna Corp is set to acquire a New Zealand life insurance unit from ANZ Bank New Zealand in a deal valued at $482.4M.

Wed, 30 May 2018 06:32:37 GMT

BHP-Mitsubishi venture to sell Australia's coal mine to Sojitz

On Wednesday, the global miner BHP Billiton stated its joint venture with Mitsubishi unit was set to sell an Australian coal mine to the Japanese firm Sojitz for $74.89M.

Wed, 30 May 2018 04:58:20 GMT

Green4U to build assembly plant in Honduras

The US-based electric auto manufacturer Green4U Technologies is to invest $20M in an assembly plant in Honduras within the following five years.

Wed, 30 May 2018 04:57:14 GMT

Oil falls amid worries about increased supply

Oil prices fell early on Wednesday amid worries that Russia and Saudi Arabia could increase the global oil supply during the second half of 2018.

Wed, 30 May 2018 04:09:56 GMT

China says US taking contrary position on trade talks

China said in a statement early on Wednesday that the US threatening to impose $50B import tariffs on China was regarded as a move against their recent trade consensus.

Wed, 30 May 2018 04:08:27 GMT

Asian stocks weaken amid Italian political crisis

Asian stocks extended their sell-off early on Wednesday in response to the current political crisis in Italy which sent the Euro to a new ten-month low.

Wed, 30 May 2018 03:01:45 GMT

US to diminish length of visas for China's citizens

The US government planned to diminish the length of visas provided for some of Chinese citizens within a strategy to prevent theft of intellectual property by the US rivals.

Wed, 30 May 2018 03:01:07 GMT

KKR to purchase BMC Software

KKR & Co stated that it is set to acquire the US business software firm BMC Software within a deal valued nearly $8.5B, the buyout company's biggest acquisition since the financial crisis.

Wed, 30 May 2018 02:32:08 GMT

Starbucks closes 8K stores for anti-bias instruction

Starbucks was closing 8K company-owned stores in the US, in a first attempt in training 175K employees over racial tolerance to ensure minorities receive equal treatment.

Wed, 30 May 2018 02:31:35 GMT

HP tops revenue forecasts, raises estimate on PC demand

HP reported better-than-anticipated quarterly revenue and raised the full-year profit estimate, supported by solid demand for desktops and notebooks.

Tue, 29 May 2018 20:54:37 GMT

Ukraine to purchase 55 Airbus helicopters from France

France signed an agreement with Ukraine to deliver it 55 Airbus helicopters worth €555M, the French Economy and Finance Ministry says.

Tue, 29 May 2018 20:53:53 GMT

Iran condemns US court ruling on 9/11 attacks

US court ruling on Iran's part in the 9/11 attacks is biased, politically-motivated and baseless, the Iranian Foreign Ministry says.

Tue, 29 May 2018 19:33:07 GMT

Xi wants to strengthen cooperation in technological innovation with UK

China and the United Kingdom should strengthen cooperation in technological and scientific innovation, the Chinese President Xi Jinping says.

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