News

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Tue, 17 Apr 2018 14:36:57 GMT

IMF top economist still expects trade war avoidance

The chief economist of the International Monetary Fund Maurice Obstfeld stated hoped for China and the United States to avoid trade war through the negotiations.

Tue, 17 Apr 2018 14:31:33 GMT

Russia demands Apple, Google to eliminate Telegram from stores

On Tuesday, the Russian telecommunications regulator requested Apple and Google to remove Telegram, the encrypted messenger service, from the application stores.

Tue, 17 Apr 2018 13:08:10 GMT

China reports robust economic growth in Q1

On Tuesday, China has posted strong economic growth of 6.8% in the Q1, driven by good property investment and robust consumer demand.

Tue, 17 Apr 2018 12:52:45 GMT

J&J pharmaceuticals sales rise in Q1

Johnson & Johnson pharmaceuticals sales surges 19.4% to $9.84B, boosted by its cancer drugs sales, such as Zytiga, Imbruvica and Darzalex that soared 45% to $2.31B in the Q1.

Tue, 17 Apr 2018 12:36:52 GMT

J&J posts better-than-expected Q1 profit

On Tuesday, Johnson & Johnson reported its Q1 profit had beaten analysts' expectation due to a high demand for the company's cancer drugs.

Tue, 17 Apr 2018 12:34:01 GMT

Deutsche Bank terminates talks to sell India business

Deutsche Bank ended negotiations over sale of its India's wealth and retail management business to the private lender called IndusInd Bank, sources familiar with the matter reported on Tuesday.

Tue, 17 Apr 2018 11:35:45 GMT

Amazon seeks shipping in Brazil, in talks with Azul Airline

Amazon.com is currently in talks with the Brazil's airline Azul, as it seeks to ship goods in the country amid retailer's plans on the Latin American largest economy.

Tue, 17 Apr 2018 11:32:08 GMT

Merkel, Putin negotiates Syrian situation by phone

Germany's Chancellor Angela Merkel and Russia's President Vladimir Putin held a phone call discussion over the Nord Stream 2 pipeline and Syria's situation, the Kremlin stated.

Tue, 17 Apr 2018 10:20:22 GMT

UK unemployment rate beats expectations in February

The British Office for National Statistics reported on Tuesday that the UK unemployment rate fell to a record low of 4.2% in February, compared to an estimate of 4.3%.

Tue, 17 Apr 2018 10:00:39 GMT

German investor sentiment plunges 8.1% in April

The ZEW institute reported on Tuesday that the German investor sentiment dropped by 8.2% in April due to weak economic data.

Tue, 17 Apr 2018 09:33:08 GMT

Sanofi considers selling generics arm for $2.4B

France's healthcare group Sanofi is in negotiations to sell its EU generics drugs arm Zentiva to Advent International, the US private equity firm, for $2.4B, the companies announced on Tuesday.

Tue, 17 Apr 2018 09:07:26 GMT

Edeka, Nestle discuss new accord after reaching price deal

The German grocer Edeka and the Swiss food company Nestle are discussing details of a new pact, after reaching a compromise in the month-long rice low.

Tue, 17 Apr 2018 07:56:14 GMT

South Korean top officials likely to visit North ahead of summit

South Korea's senior officials are expected to visit Pyongyang right ahead of the summit between the South and North leaders Moon Jae-in and Kim Jong Un scheduled for the next week.

Tue, 17 Apr 2018 07:55:58 GMT

German SPD calls on Merkel's Conservatives to step up EZ reform

On Tuesday, the German Social Democrat Party urged the Chancellor Angela Merkel's Conservatives to speed up backing their proposals over the Euro zone reform on the back of the coalition deal.

Tue, 17 Apr 2018 07:13:07 GMT

Toyota to start selling 'talking' cars in US in 2021

Toyota Motor is planning to launch sale of the 'talking' vehicles in the United States as soon as in 2021 with the new cars communicating with each other to prevent thousands of accidents on the roads.

Tue, 17 Apr 2018 07:08:10 GMT

Britain's JD Wetherspoon shuts social media accounts in protest

On Monday, the UK pubs group JD Wetherspoon has shut down all its accounts in social media in protest against the accusations of personal data misuse.

Tue, 17 Apr 2018 06:33:16 GMT

Tesla temporarily suspends its Model 3 production

Tesla announced on Monday it had temporarily halted its Model 3 vehicle production, as the carmaker continued to face challenges that were ramping out the new sedan.

Tue, 17 Apr 2018 06:28:58 GMT

Musk's Boring attracts $112.5M in funding

On Monday, Elon Musk's Boring stated it had raised $112.5M in equity, where 90% came from Musk himself, amid company's intention to construct underground tunnels for the hyperloop transportation project.

Tue, 17 Apr 2018 04:54:18 GMT

Japan prefers US joining TPP instead of bilateral trade agreement

The Japanese Finance Minister Taro Aso explained on Tuesday that the country preferred the US to join the Trans-Pacific Partnership instead of forming a bilateral trade agreement.

Tue, 17 Apr 2018 04:53:58 GMT

Bloomberg: crypto exchange Kraken to quit Japan

The US cryptocurrency exchange Kraken has decided to suspend its services in the Japanese market due to increasing business costs, as reported by Bloomberg.

Tue, 17 Apr 2018 04:17:54 GMT

Asian stocks rise on Tuesday after Chinese GDP report

Asian stocks opened with a modest rise on Tuesday following a report that China's economy grew at a faster-than-expected pace during the first three months of 2018.

Tue, 17 Apr 2018 04:13:17 GMT

China's real estate investment surges to three-year high in 1Q2018

The real estate investment in China grew by 10.4% and climbed to a three-year high during the first quarter of 2018, being boosted by higher construction spending.

Tue, 17 Apr 2018 03:28:00 GMT

China's economic growth in Q1 beats expectations

The Chinese economy expanded 6.8% in the March quarter of 2018, a bit faster than anticipated, fuelled by strong demand and robust property investment.

Tue, 17 Apr 2018 03:27:24 GMT

IMF sees solid growth for NZ, flags mid-term risks in housing

The International Monetary Fund stated that it anticipated New Zealand to reveal solid economic growth in 2018, but noted that the housing market posed some mid-term risks to the country's economy.

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