News

Note: This section contains information in English only.
Mon, 19 Mar 2018 09:37:59 GMT

Standard Chartered fined $4M for money laundering violations

Singapore's MAS has fined Standard Chartered's SCBC $3.95M and SCTS $1.2M more over countering financing of terrorism requirements and anti-money laundering breaches.

Mon, 19 Mar 2018 09:33:09 GMT

EU calls urgent Brexit meeting over deal talks

On Monday, the European Union negotiators convened an urgent meeting on Brexit due to speculation about a preliminary deal few days before the summit.

Mon, 19 Mar 2018 07:59:09 GMT

Drivers of Uber, Ola stage out protest over pay

On Monday, the Uber and Ola drivers launched a strike across India, urging for extra pay amid rise in the number of some cabs in the taxi-apps and inventive payments' cutbacks.

Mon, 19 Mar 2018 07:58:48 GMT

Hyundai Motor shares drop amid faulty airbags probe

On Monday, Hyundai Motor's shares plunged 4.8%, following the US investigation into the carmaker's airbags that failed to deploy in its Sonata sedans.

Mon, 19 Mar 2018 07:32:48 GMT

Desilu seeks US IPO to complete Vonetize's acquisition

Desilu Studios is planning the US listing, seeking to complete the second stage of the Israel's technology start-up Vonetize acquisition.

Mon, 19 Mar 2018 06:05:51 GMT

Merkel to emphasise EU unity during Polish trip

During her trip to Poland, the German Chancellor Angela Merkel will push for bilateral cooperation and emphasise the need for EU unity.

Mon, 19 Mar 2018 06:05:05 GMT

BoJ policymakers: CB should stick with QE

On Monday, a summary of the BoJ policymakers' opinions revealed that they wanted the Japanese central bank to stick with the QE in the wake of lagging inflation.

Mon, 19 Mar 2018 05:26:24 GMT

Australia's Turnbull meets Myanmar's leader

The leader of Myanmar Aung San Suu Kyi landed in Canberra on Monday to meet with Australia's Prime Minister Malcolm Turnbull.

Mon, 19 Mar 2018 05:25:40 GMT

China elects key members of new economic team

On Monday, China elected key members of the re-elected country's President Xi Jinping's economic team, as Beijing sterns measures on risky financing.

Mon, 19 Mar 2018 04:22:50 GMT

Alibaba to invest extra $2B in Lazada

Alibaba Group stated that it would invest an extra $2B in Southeast Asia's e-commerce business Lazada Group in a bid to enter new markets.

Mon, 19 Mar 2018 04:21:48 GMT

Apple to develop own MicroLED displays

Apple was developing the company's own MicroLED device screens and has already made some of the displays for testing, according to the report by Bloomberg.

Mon, 19 Mar 2018 02:55:46 GMT

British house prices grow 1.5% in March

Rightmove, the UK's largest online real estate portal, reported that its HPI grew 1.5% in March, after rising 0.8% in the preceding month.

Mon, 19 Mar 2018 02:54:58 GMT

Japanese trade balance worsens last month

Japan's Ministry of Finance reported on Monday that the country's trade balance came in at a deficit of 0.20T yen in February versus a surplus of 0.35T yen in the prior month.

Sun, 18 Mar 2018 20:57:53 GMT

Japan Tobacco to acquire Russia's Donskoy Tabak

Japan Tobacco is to acquire the fourth largest tobacco enterprise in Russia Donskoy Tabak for $1.6B in order to strengthen its position in the Russian tobacco market.

Sun, 18 Mar 2018 20:57:36 GMT

Weidmann: positive economic developments could end ECB's asset purchases

The President of the German Bundesbank Jens Weidmann said on Sunday that favourable economic developments and inflation forecasts could allow the ECB to end its asset purchases.

Sun, 18 Mar 2018 19:51:21 GMT

Poll: Putin wins presidential election in Russia

A recent poll showed late on Sunday that the Russian President Vladimir Putin had won the country's presidential election with 73.9% of the votes.

Sun, 18 Mar 2018 19:51:11 GMT

CEO of GEA Group to step down in April 2019

The CEO of GEA Group, the German manufacturer of food processing machines, Juerg Oleas is to resign from his position in April 2019, the company announced on Sunday.

Sun, 18 Mar 2018 18:54:48 GMT

Reuters: CACI seeks merger with CSRA

According to Reuters, the US defence contractor CACI International Inc has proposed a merger with CSRA Inc as an alternative to the $6.8B acquisition by General Dynamics Corp.

Sun, 18 Mar 2018 18:53:58 GMT

ECB's Knot confident about Euro zone's inflation reaching target

The President of the Central Bank of the Netherlands Klaas Knot assured on Sunday that inflation in the Euro zone was very likely to reach the ECB target after several quarters.

Sun, 18 Mar 2018 17:55:40 GMT

Malpass: China's state control is increasing concern to world

According to the US Undersecretary for International Affairs David Malpass, China's increasing state control and restricted foreign investment were a concern for world economies.

Sun, 18 Mar 2018 17:54:29 GMT

India's Axis Bank opens new branch in UAE

India's third largest private bank Axis Bank has opened a new branch in the UAE in an attempt to gain from the increasing number of non-resident Indians in the country.

Sun, 18 Mar 2018 16:51:35 GMT

Chile's government drafts new rule to attract foreign investment

The Chilean government was drafting a new decree intended to provide tax and regulatory incentives for foreign investors, La Tercera reported on Sunday.

Sun, 18 Mar 2018 16:51:04 GMT

Egypt approves budget with 8.4% deficit in fiscal 2018/2019

The Egyptian government approved on Sunday its budget for the 2018/2019 fiscal year, targeting a deficit of 8.4% from the gross domestic product.

Sun, 18 Mar 2018 16:11:37 GMT

Argentina, Germany to stress importance of free trade at G20 summit

The Argentinian and German Finance Ministers have agreed on Sunday to communicate the importance of free international trade at the G20 summit this week.

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