News

Note: This section contains information in English only.
Wed, 20 Dec 2017 07:25:56 GMT

Subaru launches inquiry into mileage cheating

Subaru has launched an investigation into the alleged data falsification by its inspectors over car mileage readings during the last inspections conducted on the company's vehicles.

Wed, 20 Dec 2017 06:33:46 GMT

Honduran President recognised as disputed election's winner

On Tuesday, the Honduran President Juan Orlando Hernandez was recognised by Mexico as the last month's election winner, strengthening his position after he had declared himself the President-elect.

Wed, 20 Dec 2017 06:28:03 GMT

Samsung builds up world's smallest DRAM chip

Samsung Electronics stated on Wednesday that it had developed the smallest DRAM chip in the world, tracking towards a record 2017 operating profit, boosted by the semiconductor business.

Wed, 20 Dec 2017 05:32:22 GMT

Japan Display seeks $1.8B-plus investment from China firms

Japan Display is discussing a more than $1.8B investment from three China's panel producers, including the BOE Technology Group, Kyodo News reported.

Wed, 20 Dec 2017 05:26:26 GMT

Korean Air to get first Bombardier C series aircraft

On Friday, Korean Air is set to receive the first Bombardier C Series jet, following months of delay over engine issues with the second delivery to take place shortly after.

Wed, 20 Dec 2017 03:52:28 GMT

Saudis to slow austerity drive, boost spending in 2018 budget

Saudi Arabia is set to retard an austerity drive and raise government spending in 2018, while struggling to lift the country's economy out of recession amid low oil prices.

Wed, 20 Dec 2017 03:52:03 GMT

EU Commission to punish Poland on legal reforms

The EU executive is likely to trigger a process to strip Poland of the country's voting rights within the bloc, as tensions between Warsaw and Brussels escalate.

Wed, 20 Dec 2017 03:33:55 GMT

Strong global economy, solid package volume encourage FedEx profit

FedEx said that the company's quarterly profit marked a stronger-than-anticipated increase due to solid global demand and higher package volumes in the holiday season.

Wed, 20 Dec 2017 03:32:38 GMT

BoE to allow European banks to operate as normal after Brexit

The Bank of England is expected to unveil plans to allow the EU banks to operate in Britain as normal after it quits the bloc, even if no deal is reached.

Tue, 19 Dec 2017 21:03:20 GMT

US business borrowing to finance investment jumps 17%

The Equipment Leasing and Finance Association reported on Tuesday that borrowing by US companies for capital investment surged 17% year-over-year in November.

Tue, 19 Dec 2017 21:01:19 GMT

Analysts forecast less affordable housing following US tax overhaul

An opinion poll released on Tuesday revealed that nearly half of US real estate analysts expected the new tax code to make homes less affordable.

Tue, 19 Dec 2017 20:20:30 GMT

Peter Terium leaves CEO post at Innogy

Germany's energy company Innogy reported on Tuesday that its CEO Peter Terium would leave the company immediately, following the recent profit warning for both 2017 and 2018.

Tue, 19 Dec 2017 20:19:44 GMT

US House of Representatives approves sweeping tax overhaul

On Tuesday, the US House of Representatives approved the most sweeping tax overhaul, forwarding the bill to the Senate.

Tue, 19 Dec 2017 18:58:04 GMT

French ministers: no corruption law overhaul for now

On Tuesday, two French ministers told the AFA (Agence Française Anticorruption) that they did not plan to revamp legislation to facilitate the process of targeting corrupt overseas companies.

Tue, 19 Dec 2017 18:57:38 GMT

Lufthansa to secure EU approval for LGW acquisition

According to people with knowledge on the matter, Lufthansa is to gain EU antitrust approval for the acquisition of Air Berlin's subsidiary LGW.

Tue, 19 Dec 2017 17:54:57 GMT

UN to move around 10K illegal migrants from Libya in 2018

On Tuesday, a senior United Nations official revealed the organisation's plans to move around 10K illegal refugees from Libya in 2018.

Tue, 19 Dec 2017 17:54:28 GMT

CB leading index for Australia up 0.3% in October

The Conference Board reported on Tuesday that its Leading Economic Index for Australia jumped 0.3% to 110.0 over the course of October.

Tue, 19 Dec 2017 17:15:56 GMT

Prices plummet at latest dairy auction

Dairy prices fell by 3.9% at the latest global dairy auction in New Zealand, registering the fifth decline over the last six auctions.

Tue, 19 Dec 2017 17:15:05 GMT

US current account deficit narrows in Q3

According to the data released by the US Bureau of Economic Analysis, the country's current account deficit decreased to $100.6B over the third quarter of 2017.

Tue, 19 Dec 2017 16:27:23 GMT

US building permits down 1.4% in November

The US Census Bureau reported on Tuesday that building permits were down 1.4% to 1.3M rate over the course of November, though still topping analysts' expectations.

Tue, 19 Dec 2017 16:25:56 GMT

German Ifo business morale dips in December

The German Ifo business morale fell unexpectedly in December, coming in at 117.2 points, while economists had predicted a 117.6-point reading.

Tue, 19 Dec 2017 15:29:19 GMT

Microsoft, Facebook disables North Korea's cyber actions

The White House stated on Tuesday that Microsoft and Facebook cooperated in the cyber security defence and disabled a number of North Korea's cyber actions.

Tue, 19 Dec 2017 15:22:15 GMT

Air Berlin repays over €40M of bridge loan

The collapsed carrier Air Berlin repaid over €40M out of a €150M bridge loan it had received from Germany's government after the airline filed for insolvency about four months ago.

Tue, 19 Dec 2017 14:34:28 GMT

Steinhoff appoints acting CEO ahead of lender meeting

On Tuesday, the South African company Steinhoff named Danie van der Merwe as its acting CEO ahead of the lender meeting, following the conglomerate's accounting scandal.

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