News

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Fri, 08 Dec 2017 13:21:00 GMT

Steinhoff shares drop 50% on Friday

Shares in Steinhoff plunged 50% to its 14-year low on Friday, after Moody's had cut its credit rating, causing misgivings about its governance.

Fri, 08 Dec 2017 12:00:30 GMT

JPMorgan Chase to offer price cuts to banking customers

The JPMorgan Chase CEO Jamie Dimon has taken customer pricing hints from Amazon.com that gives extras to the Prime subscribers, seeking to offer its banking customers more price discounts.

Fri, 08 Dec 2017 12:00:17 GMT

China's ride-hailing giant Didi to expand in Mexico

Uber's Chinese rival Didi Chuxing is planning to enter the Mexican market next year, following talks over the company's global ambitions, the sources familiar with the matter reported.

Fri, 08 Dec 2017 11:11:25 GMT

EU's Barnier says only option for Brexit deal is EU-Canada model

The EU's chief negotiator Michel Barnier noted on Friday that the only trade model that corresponds with Britain's terms is an agreement similar to the one the EU has with Canada.

Fri, 08 Dec 2017 10:54:53 GMT

RBS says settlement with US might not be reached this year

The CEO of the Royal Bank of Scotland Ross McEwan told media on Friday that a settlement with the US Department of Justice over mortgage-backed securities might not occur this year.

Fri, 08 Dec 2017 10:30:19 GMT

US excludes itself as mediator from Middle East peace process

The United States excluded itself as the Middle East peace process' mediator, the French Foreign Minister stated on Friday, saying that the US remained isolated on the issue.

Fri, 08 Dec 2017 09:54:21 GMT

SoftBank plans to invest $300M into DoorDash

SoftBank plans a $300M investment into the food delivery company DoorDash via its Vision Fund that raised around $100B to invest in tech firms, Recode reported.

Fri, 08 Dec 2017 09:19:46 GMT

Japan to buy powerful air-launched missiles

Japan is planning to acquire air-launched cruise missiles that are able to strike North Korea; however, its Defence Minister did not refer to the provocative country, announcing the acquisition.

Fri, 08 Dec 2017 08:51:36 GMT

German SPD to hold talks with Merkel Conservatives

According to the German Social Democrats Party's senior member, the SPD is set to launch exploratory talks with Chancellor Angela Merkel's Conservatives over forming a coalition on December 13 .

Fri, 08 Dec 2017 08:33:21 GMT

EU, Britain agree to begin Brexit talks' second phase

On Friday, the European Commission reported that it had clinched a deal to move the Brexit talks forward to a second phase, ending a deadlock over the Irish border status.

Fri, 08 Dec 2017 08:16:36 GMT

French industrial output rise to 1.9% in October

According to statistics published by the INSEE on Friday, French industrial production surged by 1.9% in October, compared to the projected 0.1% fall. The result is classified as the largest increase in six months.

Fri, 08 Dec 2017 08:07:24 GMT

Hammond believes Brexit deal will boost economy

The Britain's Finance Minister Philip Hammond said on Friday that the deal negotiated between the UK and EU is a boost for the economy and urged to start discussing a trade deal that maintains employment and prosperity.

Fri, 08 Dec 2017 07:34:55 GMT

Russia ready to discuss keeping arms pact with US

On Friday, the Russian Foreign Ministry stated that the country was ready for negotiations with the US over keeping a landmark arms control pact, adding Moscow would comply with the obligations.

Fri, 08 Dec 2017 07:31:09 GMT

US Tillerson, Lebanon Hariri to meet on Friday

The US State Secretary Rex Tillerson and the Lebanese Prime Minister Saad al-Hariri are set to meet in Paris this Friday, according to the State Department.

Fri, 08 Dec 2017 07:09:28 GMT

DUP leader cites notable changes to Brexit border text

On Friday, the leader of Northern Ireland's Democratic Unionist Party (DUP) Arlene Foster noted that Britain has made significant changes to its draft document for a border deal with the EU.

Fri, 08 Dec 2017 06:58:55 GMT

Kobe Steel's factory loses JIS certification

On Friday, the Japanese Trade Ministry said it has suspended Kobe Steel's Japanese Industrial Standards (JIS) certification for production of cooper and copper pipes.

Fri, 08 Dec 2017 06:28:25 GMT

British PM heads to Brussels

The UK PM Theresa May heads to Brussels to meet with the President of the European Commission Jean-Claude Juncker in an attempt to agree on open negotiations on post-Brexit trade.

Fri, 08 Dec 2017 06:27:41 GMT

UK Johnson to visit Iran

The UK Foreign Minister Boris Johnson is set to visit Iran on Saturday to lobby Mohammad Javad Zarif for jailed aid worker Nazanin Zaghari-Ratcliffe release.

Fri, 08 Dec 2017 05:17:30 GMT

China's iron ore imports surge in November

China's General Administration of Customs reported on Friday that shipments of iron ore to the country rose 18.9% m/m to 94.54M tonnes in November, one of the highest levels on record.

Fri, 08 Dec 2017 05:16:27 GMT

Toshiba and Western Digital agree in principle to resolve chip row

According to sources with knowledge on the matter, Toshiba and Western Digital have agreed in principle to resolve the row over the chip unit selling.

Fri, 08 Dec 2017 03:52:28 GMT

YouTube to introduce music subscription service in 2018

YouTube is expected to launch paid music streaming services in March next year to compete with alike offerings from Apple and Spotify, according to Bloomberg.

Fri, 08 Dec 2017 03:51:32 GMT

Tyson Foods increases stake in protein producer Beyond Meat

The US biggest meat processor Tyson Food raised slightly the stake in protein producer Beyond Meat, trying to tap higher demand for alternative protein sources.

Fri, 08 Dec 2017 03:20:51 GMT

China, Panama to start free-trade negotiations in June 2018

China and Panama would start talking over the free-trade agreement on June 2018, in a bid to accelerate trade and strengthen commercial links between the countries.

Fri, 08 Dec 2017 03:19:45 GMT

Japan's economy grows twice as fast as expected in Q3

Japanese economy expanded twice as quickly as estimated at a 2.5% annualised rate in the third quarter, thanks to strong increase in capital expenditure.

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