News

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Mon, 26 Mar 2018 11:52:08 GMT

South Korea's Hyundai union may face GM-like crisis

The head of South Korea's Hyundai union Ha Bu-young expressed some serious concerns over possible General Motors-like crisis his car unit might face amid sliding sales in its key market.

Mon, 26 Mar 2018 11:51:57 GMT

China urges WTO to oppose US steel tariffs

On Monday, China's official Zhang Xiangchen called on the World Trade Organisation to oppose steel and aluminium tariffs imposed by the United States, as they are incompatible with the WTO.

Mon, 26 Mar 2018 11:30:49 GMT

Louis Vuitton hires Off-White's Abloh as menswear designer

On Monday, LVHM's Louis Vuitton luxury brand announced it had hired the streetwear label Off-White's founder Virgil Abloh to design the fashion house's menswear collections.

Mon, 26 Mar 2018 11:27:17 GMT

SoftBank considers $1B investment in China's Manbang Group

The Japanese SoftBank Group considers investing $1B into China's truck-hailing firm Manbang Group, according to the Wall Street Journal's report published on Monday.

Mon, 26 Mar 2018 10:16:02 GMT

IMF: Swiss economy likely to suffer from trade wars, mortgage market

According to the International Monetary Fund, the Swiss economic recovery could be damaged by global trade tensions and its stretched mortgage and real-estate market.

Mon, 26 Mar 2018 10:10:01 GMT

BMW to recall around 44k vehicles in China

The German car manufacturer BMW is set to recall 44 052 vehicles in the Chinese market due to production defects, according to the supervisor AQSIQ.

Mon, 26 Mar 2018 09:39:03 GMT

Companies affected by GM plant closure to get $37M aid

On Monday, the South Korean Central Bank stated that it would pledge $37M of aid to the firms that had been hit by the General Motor's plant shutdown.

Mon, 26 Mar 2018 09:33:06 GMT

China's Guo Shuqing becomes PBOC and Communist Party chief

China has officially appointed Guo Shuqing as the People's Bank of China Deputy Governor and the Communist Party's head, the Financial News announced on Monday.

Mon, 26 Mar 2018 08:36:38 GMT

China seeks talks with US over trade differences

China is calling the United States for talks, as it seeks to find a solution to their trade differences, the Chinese Foreign Minister stated on Monday.

Mon, 26 Mar 2018 08:32:16 GMT

North Korea's Foreign Minister heads to Russia in April

According to the Russian TASS news outlet, North Korea's Foreign Minister Ri Yong Ho is likely to visit Moscow in mid-April.

Mon, 26 Mar 2018 07:34:54 GMT

South Korea, the United States to reconsider trade pact

South Korea and the United States agreed to revise the trade deal that had been sharply criticised by the President Donald Trump, Seoul stated on Monday.

Mon, 26 Mar 2018 07:31:17 GMT

Israel's Netanyahu faces questioning over corruption case

On Monday, the Israeli police questioned the Prime Minister Benjamin Netanyahu over the alleged links to the telecommunication company's corruption case, according to Israel Radio.

Mon, 26 Mar 2018 06:36:50 GMT

IBM, Apple heads urge for data oversight amid Facebook row

IBM and Apple chiefs urged to make more personal data oversight, after Facebook's breach that caused about 50M users' data misused by the Cambridge Analytica consultancy.

Mon, 26 Mar 2018 06:32:10 GMT

Chinese airlines expect strongest profits on high travel demand

China's three biggest airlines are expecting to report their record-high annual profits later this week, boosted by a high travel demand.

Mon, 26 Mar 2018 05:18:09 GMT

Egypt urges citizens to participate in presidential election

On the eve of the presidential election in Egypt, the state's authorities called on citizens to participate in the 2018 presidential election, as the current President al-Sisi seeks to secure the second term.

Mon, 26 Mar 2018 05:17:27 GMT

Trump may expel some Russian diplomats on poison attack

According to a source with knowledge on the matter, Donald Trump considers expelling several Russian diplomats in the US in solidarity with the UK over the former Russian spy poisoning in England.

Mon, 26 Mar 2018 04:22:16 GMT

EU hosts uneasy summit with Turkey

On Monday, the EU leaders will hold a summit with the Turkish President Tayyip Erdogan in Varna, Bulgaria, which is intended to provide Ankara with an extension of a Syrian refugee deal but criticise Erdogan's growing authoritarianism.

Mon, 26 Mar 2018 04:20:56 GMT

Boeing delivers first 787-10 Dreamliner

On Sunday, Boeing delivered its first 787-19 plane to Singapore Airlines, completing the Dreamliner family, which the company hopes will result in a rapid sales growth.

Mon, 26 Mar 2018 03:34:46 GMT

Uber to sell Southeast Asia's business to Grab

Ride-hailing business Uber Technologies agreed to sell the company's Southeast Asia's business to regional rival Grab, making the retreat from the Asian market.

Mon, 26 Mar 2018 03:33:12 GMT

US to exclude South Korea from steel tariffs

The US has agreed to exclude South Korea from tariffs on steel, but decided to impose a quota over steel imports instead, the South Korean Ministry of Trade stated.

Sun, 25 Mar 2018 19:54:48 GMT

Mnuchin: Trump not to suspend tariffs on Chinese goods

The US Treasury Secretary Steve Mnuchin told media on Sunday that Donald Trump had no intention to suspend tariffs on Chinese goods despite threats of retaliation.

Sun, 25 Mar 2018 19:31:17 GMT

IDB to grant $2.35B in new loans to Argentina in 2019

Argentina is set to receive new loans worth $2.35B from the Inter-American Development Bank in 2019, its representative said on Sunday.

Sun, 25 Mar 2018 19:02:35 GMT

Facebook disables account of Palestinian news site Safa

Facebook has disabled the profile of Safa, a Palestinian news site, due to alleged connections with the militant Islamist organisation Hamas.

Sun, 25 Mar 2018 18:55:46 GMT

BSP likely to increase interest rates in late 2018

The Central Bank of Philippines (BSP) is expected to hike interest rates in late 2018, as projected by HSBC and Fitch's unit BMI Research.

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