News

Note: This section contains information in English only.
Tue, 29 May 2018 04:26:02 GMT

Indonesian central bank is set to raise interest rate

In accordance with a Reuters poll, the central bank of Indonesia is set to meet in another unscheduled policy meeting and raise interest rates for the second time in two weeks.

Tue, 29 May 2018 03:06:22 GMT

Japan Display shares plummet over 20% on Apple OLED report

Japan Display shares plunged more than 20%t after South Korean Electronic Times said that Apple announced the decision to use OLED displays for new iPhones for next year.

Tue, 29 May 2018 03:04:01 GMT

Canada to buy pipeline project Trans Mountain

Canada is expected to buy Kinder Morgan Canada's Trans Mountain oil pipeline and the company's proposed expansion project, aiming to ensure that the pipeline is built.

Tue, 29 May 2018 02:32:56 GMT

Nissan to diminish North American output up to 20%

Nissan Motor was slashing production as much as 20% in North America to deal with a decrease in automobile sales, the Nikkei report showed.

Tue, 29 May 2018 02:32:21 GMT

Japan unemployment rate at 2.5% in April

Japan's unemployment rate remained unchanged at 2.5% in April, while the availability of jobs held steady in the same period, government data revealed.

Mon, 28 May 2018 18:27:33 GMT

Germany seeks deal to cease US-EU trade conflict

Germany was seeking to cease a dispute between the US and the US on the decision by Donald Trump to impose tariffs on aluminium and steel imports, the country's Economy Minister stated.

Mon, 28 May 2018 18:26:53 GMT

ISP in talks to purchase Canadian International School Vietnam

International Schools Partnership was in negotiations to invest in Vietnam's Canadian International School, as foreign companies flock to Southeast Asia's education deals.

Mon, 28 May 2018 17:23:28 GMT

Oil at multi-week lows as Russia, OPEC look to increase production

Oil prices were seen nearing multi-week lows on Monday, as Russia and Saudi Arabia stated that they would raise supplies, while the US production gains revealed no signs of slowing.

Mon, 28 May 2018 17:22:54 GMT

Canada's Minister to visit Washington for NAFTA talks

Chrystia Freeland, the Foreign Affairs Minister of Canada, is expected to visit Washington this week, aiming to help unblock negotiations on the North American Free Trade Agreement.

Mon, 28 May 2018 15:56:44 GMT

Russian Defence Minister to meet Israeli counterpart in Moscow

Avigdor Lieberman, Israel's Defence Minister, is expected to meet with Russia's Defence Minister Sergei Shoigu in Moscow, the Defence Ministry of Israel stated in a statement.

Mon, 28 May 2018 15:56:09 GMT

Ibeto Cement to receive $850M Milost funding

Nigeria's privately owned building material producer Ibeto Cement signed an agreement to get $850M financing from Milost Global, the statement showed.

Mon, 28 May 2018 15:22:17 GMT

UK considers selling 10% stake in RBS this week

The United Kingdom could sell its 10% stake in Royal Bank of Scotland this week, with the government still holding a 71% stake in the Bank.

Mon, 28 May 2018 15:21:26 GMT

Indian trader body objects to deal between Walmart, Flipkart

India's trader group raised objections to Walmart's $16B acquisition of e-commerce business Flipkart, though the complaint was seen unlikely to prevent the deal.

Mon, 28 May 2018 14:34:55 GMT

Myanmar's leader names Deloitte partner as Finance Minister

Myanmar's President has appointed on Monday the 80-year-old Deloitte's managing partner Soe Win as a new Finance Minister, following the resignation of his predecessor.

Mon, 28 May 2018 14:32:05 GMT

Denmark lowers estimates for 2018 budget deficit

On Monday, Denmark's government has confirmed it was expecting a lower budget deficit this year, a 0.5% of GDP compared to 0.8% expected in the earlier forecast.

Mon, 28 May 2018 13:34:30 GMT

Russia's Lavrov: only Syria's army should have presence on border

Sergei Lavrov, Russia's Foreign Minister, stated on Monday there should be only Syria's army presence on the country's southern border that was close to Israel and Jordan.

Mon, 28 May 2018 13:31:39 GMT

Germany questions Daimler CEO over extent of vehicle emissions fix

On Monday, the German Transport Ministry interrogated Daimler's CEO Dieter Zetsche on how many Mercedes-Benz vehicles are necessary to fix to meet the emissions regulations.

Mon, 28 May 2018 12:36:33 GMT

Spanish PM Rajoy to face vote of confidence this week

Spain's Prime Minister Mariano Rajoy is set to face a confidence vote this Friday, after corruption convictions have handed down to people related to his centre-right People's Party.

Mon, 28 May 2018 12:33:36 GMT

Verint seeks merging security division with Israeli NSO Group

The US-based software firm Verint Systems is in negotiations to merge the security division with NSO Group, Israel's cyber surveillance company, in a deal valued at around $1B.

Mon, 28 May 2018 11:35:21 GMT

Hero-Burman grants approval to Fortis to reopen bidding

On Monday, Burman Family Office and Hero Enterprise Investment Office consortium have granted an approval to Fortis Healthcare to reopen the bidding process, following shareholders' concerns over the chosen underdog.

Mon, 28 May 2018 11:31:55 GMT

Uber's India President to conduct Asia Pacific operations

Uber's President in India Amit Jain was appointed to head the ride-hailing service's Asia Pacific operations that include India, New Zealand, Australia, Hong Kong and Japan.

Mon, 28 May 2018 10:02:21 GMT

Oil continues to decline

As crude oil prices decreased on Monday, various media quoted various supply reasons. However, Dukascopy analysts noted that all commodity prices were declining due to the appreciation of the US Dollar.

Mon, 28 May 2018 10:01:42 GMT

Malaysian-Singapore rail project is stopped

The rail project, which would connect Kuala Lumpur and Singapore, has been dropped by Malaysian authorities.

Mon, 28 May 2018 09:29:04 GMT

Italian President to ask ex-IMF official to head stopgap government

The President of Italy is expected to call in the former official of International Monetary Fund to head the stopgap government due to a constitutional and political turmoil.

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