News

Note: This section contains information in English only.
Tue, 10 Apr 2018 09:26:56 GMT

US sanctions against Russia creates uncertainty for investors

On Tuesday, Russia's Deputy PM Arkady Dvorkovich stated that the newly imposed US sanctions against some Russian firms had created investor uncertainty, which was important for the country to minimise.

Tue, 10 Apr 2018 09:17:43 GMT

HSBC to cut internal bureaucracy, expand in China

HSBC is planning the further investment expansion in the Chinese southern region, seeking to cut its domestic bureaucracy, as part of a new strategy introduced by the bank's new management.

Tue, 10 Apr 2018 08:35:11 GMT

Uber may face criminal charges for illegal service in France

The European Union top court has ruled on Tuesday that France has right to bring criminal charges against the ride-hailing company Uber's lcal managers for the illegal taxi service.

Tue, 10 Apr 2018 08:32:36 GMT

Indonesia's Lion Air to buy 50 Boeing 737 MAX 10 aircraft

On Tuesday, Indonesia's airline Lion Air announced it would acquire 50 737 MAX 10 jets from Boeing in a deal worth $6.24B at list prices.

Tue, 10 Apr 2018 07:07:39 GMT

Malaysia picks up May 9 for general election

The Election Commission announced on Tuesday, Malaysia's general election would take place on May 9, which was seen to be the toughest contest for the ruling Barisan Nasional coalition.

Tue, 10 Apr 2018 06:40:09 GMT

Alibaba founder calls on Facebook to resolve privacy problems

The founder of China's e-commerce firm Alibaba, Jack Ma, called on Facebook to fix the company's data privacy issues, right ahead of the US congressional hearings over the case.

Tue, 10 Apr 2018 06:36:38 GMT

Goldman Sachs' Kim named as Galaxy Digital's COO

According to Bloomberg's report on Monday, Mike Novogratz's Galaxy Digital hired the Goldman Sachs' Vice President Richard Kim as the crytocurrency merchant bank's Chief Operating Officer.

Tue, 10 Apr 2018 05:05:41 GMT

Mexico's INAI to investigate companies linked to Cambridge Analytica

Mexico's data protection regulator INAI is set to investigate whether companies with alleged ties with Cambridge Analytica had breached its data protection laws.

Tue, 10 Apr 2018 05:05:30 GMT

Stocks rally, Yen falls after Xi promises reduced import tariffs

US stock futures and Asian equities recovered, while the safe-haven currency Yen fell early on Tuesday after China's Xi Jinping promised to reduce import tariffs on several products.

Tue, 10 Apr 2018 04:25:35 GMT

China's Xi promises lower import tariffs, more open economy

The Chinese President Xi Jinping said on Tuesday that China would reduce import tariffs on specific product groups, as well as continue opening its economy to foreigners.

Tue, 10 Apr 2018 04:17:47 GMT

Nokia to help building OTN for China Mobile

The Finnish telecommunications company Nokia will help China Mobile to offer 5G mobile services by supporting the construction of an optical transport network.

Tue, 10 Apr 2018 03:29:22 GMT

Verifone to be brought under private control for $2.6B

Payments technology business Verifone Systems agreed to be brought under private control by investors led by Francisco Partners for $2.5B in cash.

Tue, 10 Apr 2018 03:28:22 GMT

China, Japan to hold high-level negotiations on April 16

Officials from China and Japan are expected to hold high-level economic negotiations for the first time since 2018 due to rising concern on an escalating trade dispute between the US and China.

Tue, 10 Apr 2018 01:55:48 GMT

Australia business mood deteriorates in March

Data released on Tuesday showed that National Australia Bank's gauge of business sentiment dropped to 7 last month from February's 9.

Tue, 10 Apr 2018 01:54:00 GMT

New Zealand business sentiment remains negative in Q1 2018

The NZIER reported on Tuesday that its Business Confidence Index came in at -11 in the March quarter, following the preceding quarter's reading of -12.

Mon, 09 Apr 2018 19:56:38 GMT

Reuters: CFPB wants record fine against Wells Fargo

The US Consumer Financial Protection Bureau was seeking a multimillion-dollar fine against Wells Fargo & Co for mortgage and insurance abuses, Reuters reported on Monday.

Mon, 09 Apr 2018 19:56:16 GMT

WSJ: Bayer wins watchdog's approval for $62.5B acquisition bid

According to the Wall Street Journal, the US Department of Justice had granted an approval for Bayer AG's bid to acquire the US seeds company Monsanto Co for $62.5B.

Mon, 09 Apr 2018 19:00:42 GMT

Zuckerberg says Facebook needed more action to prevent data misuse

The CEO of Facebook Inc Mark Zuckerberg told Congress this Monday that the company was required to do more to enhance data safety and prevent the misuse of information.

Mon, 09 Apr 2018 18:59:04 GMT

OCC to review charter for fintech companies in next three months

According to the US Comptroller of the Currency Joseph Otting, the OCC would publish its stance towards a newly proposed charter for fintech companies within the next three months.

Mon, 09 Apr 2018 18:26:45 GMT

Constancio: ECB to be cautious not to jeopardize inflation rebound

Vitor Constancio, the outgoing Vice President of the ECB, stated that the Central Bank should avoid quick tightening of the ultra-loose monetary policy to avoid disrupting a rebound in the EZ inflation.

Mon, 09 Apr 2018 17:34:11 GMT

UBS halts access to data for external providers

UBS suspended feeds of research data to third-party platforms, including Bloomberg, which were unable to ensure that the data is available only to the clients of the Bank.

Mon, 09 Apr 2018 17:17:05 GMT

No NAFTA deal anytime soon, 80% chance for beginning of May

The Economy Minister of Mexico stated that he viewed an 80% possibility for a new NAFTA agreement in early May, adding that current conditions were inappropriate to reach the deal this week.

Mon, 09 Apr 2018 17:16:39 GMT

NY Fed: US inflation forecasts remain flat

The New York Fed survey showed that inflation expectations for the US were still relatively flat in the month of March, keeping the gains of the latest periods.

Mon, 09 Apr 2018 16:30:27 GMT

Saudi Aramco sings agreements with France's companies worth $10B

Saudi Aramco is set to sign eight agreements with France's companies with the total worth of $10B, the CEO of the national oil major told the local media.

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