News

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Wed, 07 Feb 2018 11:51:04 GMT

SoftBank seeks listing mobile phone unit in 2018

Japanese SoftBank seeks listing its mobile phone unit within this year, as its CEO Masayoshi Son aims to complete the company's transformation into one of the largest technology investors in the world.

Wed, 07 Feb 2018 11:26:34 GMT

UK house price growth slows in January

According to the data released by Halifax Bank of Scotland, the House Price Index for the UK slipped 0.6% over the course of January.

Wed, 07 Feb 2018 11:26:17 GMT

Italian retail sales drop 0.3% in December

Data released by Istat on Wednesday showed that Italy's retail sales were down 0.3% in December, missing analysts' expectations for a 0.1% drop.

Wed, 07 Feb 2018 10:31:02 GMT

Pence: US to impose new severe sanctions on KP

The US Vice President Mike Pence stated that Washington was set to announce new severe sanctions against North Korea soon to persuade the Asian country to halt its nuclear and missile programme.

Wed, 07 Feb 2018 10:21:58 GMT

France to take next step in Electrolux antitrust probe

On Wednesday, Electrolux stated France's competition authorities were eager to take the further step in an investigation of Sweden's firm over antitrust rules breaching in 2006-2009.

Wed, 07 Feb 2018 09:32:13 GMT

Spain offers Luis de Guindos candidacy for ECB VP

On Wednesday, Spain proposed a candidacy of the Minister of Economy Luis de Guindos for the European Central Bank's position of a Vice President.

Wed, 07 Feb 2018 09:24:03 GMT

Steve Wynn resigns amid sexual misconduct claims

The US casino mogul Steve Wynn had resigned as Wynn Resorts CEO after allegations on sexual harassment and was replaced by the company's President Matt Maddox.

Wed, 07 Feb 2018 08:34:00 GMT

Kim Jong Un's sister to visit South Korean Winter Olympics

Sister of the North Korea's leader Kim Jong Un is planning to visit South Korea for the Winter Olympics this Friday, according to the Seoul Unification Ministry.

Wed, 07 Feb 2018 08:30:55 GMT

Tepco to pay $10M in damages to Fukushima residents

On Wednesday, Tokyo court ordered Tepco to pay about $10M in damages to a Fukushima residents group over the 2011 disaster when the firm's reactor melt downed in the north-eastern Japan.

Wed, 07 Feb 2018 07:32:00 GMT

Tronc to announce sale of Los Angeles Times

The Los Angeles Times owner Tronc is expected to sell the newspaper to the biotech investor and Tronc's major shareholder Patrick Soon-Shiong.

Wed, 07 Feb 2018 07:29:56 GMT

Trade in Winn Macau shares suspended

On Wednesday, trading in Winn Macau shares was halted, following last week's claims in a newspaper over sexual harassment from the US mogul Steve Winn.

Wed, 07 Feb 2018 04:32:20 GMT

Snapchat convinces investors on ability to fight Instagram

Shap, the owner of Snapchat, reported an increase in users and revenue in the last quarter, raising hopes that it could survive competition with Instagram and sending shares more than 20% up.

Wed, 07 Feb 2018 04:27:49 GMT

Samsung to start investing in new chip line

Samsung Electronics announced the decision to start investment to create a new memory chip line in the company's Pyeongtaek facilities in South Korea.

Wed, 07 Feb 2018 03:31:58 GMT

Japanese average cash earnings climb 0.7% in December

Japan's Ministry of Health, Labour and Welfare reported that average cash earnings climbed 0.7% year-over-year in December, surpassing analysts' expectations for a gain of 0.6%.

Wed, 07 Feb 2018 03:30:16 GMT

Australian construction activity rises last month

The Australian Industry Group reported on Wednesday that its Construction Index rose to 54.0 in January from the preceding month's 52.8.

Tue, 06 Feb 2018 21:23:28 GMT

US delivers combat weapons worth $11.7M to Lebanon

The US has delivered combat weapons worth $11.7M to Lebanon the previous week, the US embassy in Beirut says.

Tue, 06 Feb 2018 21:22:46 GMT

US National Security Advisor, Secretary of State to visit Turkey

The US National Security Adviser McMaster and the Secretary of State Rex Tillerson will visit Turkey the next week, a Turkish media agency reports.

Tue, 06 Feb 2018 20:37:24 GMT

Turkey wants to repair trust with US

Turkey wants to repair damaged trust with the US after a series of disagreements over the Syrian conflict, the foreign minister Mevlut Cavusoglu says.

Tue, 06 Feb 2018 20:36:33 GMT

EU wants power to limit UK single market access after Brexit

The European Union wants the right to restrict UK access to the single market after Britain leaves the EU, a document shows.

Tue, 06 Feb 2018 19:12:20 GMT

Turkey: no disagreement with Russia over Syria military operation

Russia and Turkey have no disagreements over Turkey's military operation in the northern Afrin region, the Turkish foreign minister says.

Tue, 06 Feb 2018 19:11:13 GMT

US regulators to ask more control over virtual currencies

US regulators plan to ask the Congress to pass policies to enhance oversight of cryptocurrencies, the head of the Securities and Exchange Commission says.

Tue, 06 Feb 2018 18:23:37 GMT

EU agrees to meet Erdogan despite poor relations

Top European Union officials plan to meet the Turkish President Tayyip Erdogan in March to discuss bilateral ties, an EU spokesman says.

Tue, 06 Feb 2018 18:22:35 GMT

Fed expects 4% GDP growth in Q1

The US economy is expected to expand at a 4% annualised rate in the first quarter of 2018, the Atlanta Fed says.

Tue, 06 Feb 2018 17:15:36 GMT

Ivey PMI falls unexpectedly in January

The Richard Ivey School of Business stated that its PMI for Canada fell to 55.2 in January, missing expectations for an increase to 60.4.

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