News

Note: This section contains information in English only.
Fri, 01 Dec 2017 11:53:08 GMT

SPD, Merkel's Conservatives ready to trigger coalition talks

On Thursday, Germany's Social Democrats and the Chancellor Angela Merkel's Conservative Party agreed to launch the negotiations on forming a new grand coalition.

Fri, 01 Dec 2017 10:52:56 GMT

ECB: economic convergence in Euro zone continues, income gap remains issue

A study published by the ECB shows that convergence between the poorest and richest countries in the Euro zone still continues; however, income inequality remains a major problem.

Fri, 01 Dec 2017 10:52:24 GMT

European shares fall despite strong Euro zone factory data

European shares weakened on Friday even despite solid factory data in the Euro zone, as the anticipated US tax reform increased demand for the US Dollar during the Asian session.

Fri, 01 Dec 2017 10:26:54 GMT

Austrian conservative-far right govt to be appointed this month

According to the coalition talks' source, a new conservative-far right government of Austria should be sworn in as soon as December 20.

Fri, 01 Dec 2017 10:20:01 GMT

CMBC fined $4.2M for selling fake wealth products

Chinese banking regulator fined China Minsheng Banking $4.16M for the sale of fake wealth management products, according to the official website's report posted on Thursday.

Fri, 01 Dec 2017 09:19:09 GMT

Mitsubishi Material head quits amid data falsification row

The Mitsubishi Materials subsidiary's head stepped down from his post over the data falsification scandal, the unit stated on Friday.

Fri, 01 Dec 2017 09:08:08 GMT

Nissan posts dramatic fall in Japan car sales in November

Nissan Motor reported a dramatic fall of 46.8% in its domestic passenger car sales in November, driven by a compliance scandal, which caused a recall of 1.2M vehicles and production suspension.

Fri, 01 Dec 2017 08:29:58 GMT

Ex-Catalan Cabinet members to face trial

On Friday, former Catalonia's Cabinet members are set to appear before the Supreme Court, following the request of release right ahead of the regional election on December 21.

Fri, 01 Dec 2017 08:15:32 GMT

Japanese Emperor Akihito to step down

Japan's Emperor Akihito is eager to abdicate on April 30 in 2019, after spending about three decades on the Japanese throne.

Fri, 01 Dec 2017 07:34:23 GMT

Tesla turns on giant lithium ion battery on Friday

On Friday, Tesla switched on its world's biggest lithium ion battery to shore up Australia's grid for summer's first day, meeting Elon Musk's promise to construct it in 100 days.

Fri, 01 Dec 2017 05:55:06 GMT

Nissan seeks more than $700M from India

Japan's automaker Nissan Motor started international arbitration versus India, seeking more than $700M over the issue on unpaid state incentives.

Fri, 01 Dec 2017 05:53:51 GMT

Progress in talks with UK lessened odds of disorderly Brexit

Some progress in the UK negotiations to quit the European Union ceased the likelihood of disorderly Brexit, raising the chances to result in a free trade agreement.

Fri, 01 Dec 2017 05:27:16 GMT

Western Digital, Toshiba close to deal on chip unit sale issue

Western Digital and Toshiba were nearing a deal to settle a legal dispute, which threatened plans to sell Japan conglomerate's semiconductor unit for $18B.

Fri, 01 Dec 2017 05:26:20 GMT

GM China venture to recall nearly 1M vehicles

One of Genera Motor's ventures in China is set to recall more than 938K of cars due to fuel tank issues, the country's quality watchdog stated.

Fri, 01 Dec 2017 03:51:51 GMT

Japan manufacturing grows at fastest pace in more than three years

Japan's Manufacturing PMI was at 53.6 in November, the strongest reading in more than three years, as new orders and output accelerated gains, indicating the economy's steady expansion.

Fri, 01 Dec 2017 03:14:54 GMT

Qualcomm files new complaints against Apple

Qualcomm filled new complaints against Apple over patent infringement, saying that there were 16 of the company's patents used by Apple in its iPhones.

Fri, 01 Dec 2017 03:09:08 GMT

China's factory growth weakens to five-month low, confidence sinks

Chinese Manufacturing PMI fell to the five-month low of 50.8 in November, as high input costs and tough pollution measures weakened business confidence, a private survey revealed.

Fri, 01 Dec 2017 03:07:54 GMT

Japan's consumer spending, price growth raise doubts on inflation

Japanese core CPI rose 0.8% year-on-year in October, the tenth straight month of increase, while its narrower measure showed no acceleration in inflation for three months in succession.

Thu, 30 Nov 2017 20:59:32 GMT

UN to extend Geneva talks on Syria

The United Nations reported on Thursday that it would extend the Geneva peace talks on Syria until December 15, adding that the presidency was still on the agenda.

Thu, 30 Nov 2017 20:57:56 GMT

GM to launch self-driving taxi fleet in 2019

On Thursday, General Motors said it planned a launch of self-driving taxi fleet in several dense urban areas in 2019.

Thu, 30 Nov 2017 20:03:17 GMT

US Treasury to run out of cash by early April

The Congressional Budget Office warned on Thursday that the US Treasury would run out of cash by late March or early April, unless the Congress raised the debt ceiling.

Thu, 30 Nov 2017 19:59:27 GMT

US natural gas inventories down 33B cubic feet

The EIA reported US natural gas inventories dropped 33B cubic feet in the week ended November 24, following the prior week's fall of 46B cubic feet.

Thu, 30 Nov 2017 18:55:38 GMT

Fed's Quarles sees digital currencies posing financial stability risk

The Federal Reserve's Vice Chair Randal Quarles warned that bitcoin and other digital currencies could pose a heavy risk to financial stability if adopted widely.

Thu, 30 Nov 2017 18:54:36 GMT

OPEC accepts extension of oil cut until end of 2018

OPEC agreed to expand oil production cuts by the end of 2018, as it attempts to finish the clearance of crude global glut, but ready quit the deal earlier in case the market overheats.

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