News

Note: This section contains information in English only.
Mon, 02 Apr 2018 19:10:00 GMT

US banking regulators ease real estate regulation

US banking regulators agreed on Monday to ease lending rules on commercial real estate and increase the threshold necessary for an independent property appraisal.

Mon, 02 Apr 2018 19:08:05 GMT

Bloomberg: Apple to produce its own chips by 2020

Apple Inc plans to start producing its own chips for Mac computers by 2020, thus replacing the ones currently manufactured by Intel, as reported by Bloomberg.

Mon, 02 Apr 2018 17:54:56 GMT

GE Healthcare to sell IT business for $1.05B

GE Healthcare is planning to sell its IT business to a private equity company Veritas Capital for an all-cash payment of $1.05B during the third quarter of 2018.

Mon, 02 Apr 2018 17:54:33 GMT

Tesla shares rebound after production report

Shares of Tesla Inc eased later on Monday, following a report that the company was producing 2,000 Model 3 sedans a week which is a considerable increase from 793 units last year.

Mon, 02 Apr 2018 17:03:52 GMT

Poll: Russia likely to increase FX purchases in April

Russia is expected to increase its foreign currency purchases in April in response to higher oil prices, a recent poll by Reuters showed on Monday.

Mon, 02 Apr 2018 17:03:04 GMT

Atlanta Fed raises GDP growth forecast for 1Q2018

The US economy is expected to grow at an annualised rate of 2.8% in 1Q2018, compared to the previous estimate of 2.4%, the Federal Reserve of Atlanta reported on Monday.

Mon, 02 Apr 2018 15:54:20 GMT

US construction spending disappoints in February

The US construction spending rose by 0.1% in February, compared to the estimated increase of 0.4%, caused primarily by a rapid decline in public infrastructure projects.

Mon, 02 Apr 2018 15:52:44 GMT

US technology stocks weaken on Monday

US technology stocks opened the session lower on Monday, with the worst performers being Tesla and Amazon.com.

Mon, 02 Apr 2018 15:04:38 GMT

Amazon shares plunge 4% after Trump's critic

Shares of the online retailer Amazon.com Inc fell 4% on Monday in the wake of the US President Donald Trump's newest criticism of its delivery pricing.

Mon, 02 Apr 2018 15:01:54 GMT

US Dollar falls amid US, China trade dispute

The US Dollar weakened against major currencies for the second consecutive session on Monday in response to the escalating trade dispute between the United States and China.

Mon, 02 Apr 2018 12:56:16 GMT

Israel to send 16K African refugees to Western countries

Israeli media sources reported on Monday that the UN and Israel reached a deal under which around 16K of African refugees and migrants in Israel would be sent to Western countries.

Mon, 02 Apr 2018 12:55:27 GMT

ICICI Bank's drop as RBI launches investigation into its practices

Stocks of ICICI Bank, India's third-biggest lender, plunged 7% to five-month lows on Monday after the Reserve Bank of India announced it had launched an investigation into the company's lending practices.

Mon, 02 Apr 2018 12:14:36 GMT

Air France expects to operate 75% of flights amid strike

Air France reported that it expected to operate around 75% of its flights on Tuesday due to the planned railway strike.

Mon, 02 Apr 2018 12:07:29 GMT

Moscow says extradition of Russian hacker to US is politically-motivated step

Russia's Foreign Ministry described the extradition of Yevgeny Nikulin, a Russian hacker accused of hacking US social networks, to the US as a "deliberate and politically-motivated step".

Mon, 02 Apr 2018 10:53:39 GMT

PrivatBank files lawsuit against PwC's subsidiaries for audit breaches

The largest Ukrainian commercial bank PrivatBank has filed a $3B lawsuit against two subsidiaries of the accounting company PwC for alleged audit breaches in 2013-2015.

Mon, 02 Apr 2018 10:53:30 GMT

Walmart opens first small-sized high-tech supermarket in China

The US-based retail corporation Walmart Inc has launched its first small high-tech supermarket in China that also includes products available online on JD.com.

Mon, 02 Apr 2018 09:57:03 GMT

ICRA: more Indian companies likely to default due to higher interest costs

The number of Indian companies defaulting on their credit could increase in the fiscal year which started in April due to higher interest costs, ICRA reported on Monday.

Mon, 02 Apr 2018 09:56:44 GMT

PCC to investigate if Uber, Grab deal distorts competition

The Philippine Competition Commission is set to investigate the Grab-Uber acquisition in more detail to determine its impact on local competition within the transportation industry.

Mon, 02 Apr 2018 08:55:10 GMT

Saudi Arabia expected to reduce crude prices by 50-70 cents

The official selling price of Saudi Arabia's Light crude could decline by 50-70 cents to a six-month low in May due to weaker benchmark prices, a survey by Reuters showed on Monday.

Mon, 02 Apr 2018 08:55:00 GMT

Oil strengthens on lower output, possible sanctions

Oil prices edged higher on Monday in response to reduced drilling activity in the United States and the possibility of new sanctions against Iran.

Mon, 02 Apr 2018 07:56:27 GMT

Malaysia to monitor Grab for anti-competitive behaviour

On Monday, Malaysian authorities said that they will monitor ridesharing startup Grab for the possibility of the anti-competitive behavior after its competitor Uber Inc told that it will sell its Southeast Asian business to Grab. 

Mon, 02 Apr 2018 07:56:14 GMT

Bank of Japan appoints new director of international affairs

On Monday, The Bank of Japan claimed that it has appointed Shinichi Uchida, former head of BOJ's monetary policy affairs, as the new executive director of international affairs.

Mon, 02 Apr 2018 07:04:44 GMT

Alibaba to buy remaining shares in Ele.me

On Monday, Chinese ecommerce giant Alibaba Group Holding Ltd claimed that it will buy the remaining shares of Chinese food delivery startup Ele.me in addition to the current 43% of shares, valuing startup at $9.5B. 

Mon, 02 Apr 2018 07:04:30 GMT

Indonesia says ridesharing apps Grab and Go-Jek need to register as transport companies

On Monday, Transport Ministry of Indonesia stated that ridesharing startups Go-Jek and Grab need to register as transport companies in the nearest two months because of the safety requirements. 

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