News

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Wed, 04 Apr 2018 07:02:21 GMT

Air New Zealand to end seven-year JV with Virgin Australia

On Wednesday, Air New Zealand announced it would end the seven-year joint venture with Virgin Australia Holdings with no plans to renew the alliance.

Wed, 04 Apr 2018 06:36:22 GMT

LafargeHolcim's largest shareholder steps down

The largest shareholder of LafargeHolcim Thomas Schmidheiny is planning to leave the company's board at the 2018 annual general meeting, the world's biggest cement maker reported on Wednesday.

Wed, 04 Apr 2018 06:32:06 GMT

China to take countermeasures against US tariff list

China criticised the United States over Trump administration's extensive tariff plan, which would hit around $50B of China's hi-tech and industrial products, vowing countermeasures in the trade dispute.

Wed, 04 Apr 2018 03:19:12 GMT

Jet Airways to by &% Boeing jets worth $8.8B

India's Jet Airways announced that the company entered into a deal with Boeing for the purchase of its 75 narrowbody jets, which would cost nearly $8.8B.

Wed, 04 Apr 2018 03:18:24 GMT

Hyundai expects reorganisation to benefit shareholders

South Korean Hyundai Motor stated that the company is confident the its plan to reorganise the governance structure is likely to benefit its shareholders.

Wed, 04 Apr 2018 01:55:11 GMT

China's Caixin services PMI drops unexpectedly to 52.3

Markit reported that its PMI for the Chinese services sector fell to 52.3 in March from the preceding month's 54.2, whereas analysts anticipated a rise to 54.5.

Wed, 04 Apr 2018 01:54:10 GMT

Australian retail sales rise more than expected last month

The ABS reported on Wednesday that retail sales surged 0.6% in March, following the prior month's climb of 0.2% and surpassing analysts' expectations for an increase of 0.3%.

Tue, 03 Apr 2018 20:06:41 GMT

Williams to become next Head of New York Fed

John Williams, the President of the Federal Reserve of San Francisco, has been promoted to the Head of the New York Federal Reserve.

Tue, 03 Apr 2018 20:05:56 GMT

Trump says he could have good relationship with Putin

On Tuesday, the US President Donald Trump said he thought that he could potentially have a good relationship with the Russian President Vladimir Putin.

Tue, 03 Apr 2018 18:52:37 GMT

Global dairy prices continue to fall

At the latest Fonterra auction on Tuesday, global dairy prices dropped 0.6% after falling 1.2% at the preceding auction.

Tue, 03 Apr 2018 18:52:24 GMT

Zambia lifts ban on some South African food imports

On Tuesday, Zambia lifted a ban imposed on food imports from South Africa, excluding "risky food" produced by RCL Foods and Tiger Brands that were linked to a listeria outbreak in 2017.

Tue, 03 Apr 2018 18:03:35 GMT

Peugeot plans to begin new UK van production in Luton

French car manufacturing group PSA is planning to begin the production of Citroen and Peugeot delivery vans at newly acquired Vauxhall plant in Luton, England. 

Tue, 03 Apr 2018 17:56:08 GMT

Trump says he will use military to protect border with Mexico

On Tuesday, the US President Donald Trump said that he will use US military to protect the border with Mexico until there is a wall on the border and proper security in a place. 

Tue, 03 Apr 2018 17:21:05 GMT

China notifies WTO about import tariffs against US

According to the WTO document dated by Thursday, China has informed the WTO that it will impose $611.5M worth of tariffs on $2.75B of US imports, including ethanol, pork and nuts. 

Tue, 03 Apr 2018 17:13:28 GMT

Russia, Turkey and Iran to discuss situation in Syria

On Wednesday, Turkish authorities stated that Iran, Russia and Turkey will meet in Ankara to discuss the new constitution of Syria and the increase of security in de-escalated conflict zones across Syria.

Tue, 03 Apr 2018 16:08:42 GMT

Two trains crash in Germany, more than 20 people injured

On Tuesday, two underground trains crashed in the city of Duisburg, Western Germany, with more than 20 people injured after the accident and two of them seriously.

Tue, 03 Apr 2018 15:59:56 GMT

Mexico imposes anti-dumping duties on steel pipes

On Tuesday, Mexican Ministry of Economics stated that it has imposed anti-dumping tariffs on carbon steel pipes imported from India, Ukraine, Spain and South Korea.

Tue, 03 Apr 2018 15:25:56 GMT

Pfizer negotiates with P&G regarding consumer health unit sale

On Tuesday, CNBC reported that Procter & Gamble Co is in talks with Pfizer Inc for acquisition of US drugmaker's consumer health business division, considering the joint venture formation as well.

Tue, 03 Apr 2018 15:16:54 GMT

Saudi Crown Prince claims Israel have right for its own land

On Monday, Saudi Arabia's Crown Prince Mohammed bin Salman claimed that Israelis are entitled to live peacefully and deserve a right to live on their own land, showing that ties between two states become closer. 

Tue, 03 Apr 2018 14:35:47 GMT

Amazon shares slump amid Trump attacks over delivery cost

Shares in Amazon.com have pared some gains on Tuesday, following the US President Donald Trump's attacks on the online retail giant over the company's cost of deliveries sent through the US Postal Service.

Tue, 03 Apr 2018 14:31:45 GMT

Fiat Chrysler reports 8% drop in Canada sales in March

On Tuesday, Fiat Chrysler reported its total Canada sales plunged 8% to 24,490 cars in March, tumbled by a sharp decline for its Dodge and Chrysler brands.

Tue, 03 Apr 2018 13:36:15 GMT

Investment Corp of Dubai attracts $1.2B loan

The Dubai government's main investment arm Investment Corporation of Dubai has raised $1.2B loan, which was necessary to refinance the existing debt.

Tue, 03 Apr 2018 13:34:16 GMT

China plans to mend ties with Zimbabwe

On Tuesday, China's President Xi Jinping told its Zimbabwe counterpart Emmerson Mnangagwa that their countries should work on a "new chapter" in their ties.

Tue, 03 Apr 2018 12:08:57 GMT

RBI drops Axis Bank from bullion importers list

The Reserve Bank of India struck Axis Bank from the list of the leading gold importers for the current financial year, while the reason for such a move has not been clear yet.

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