News

Note: This section contains information in English only.
Fri, 01 Dec 2017 16:17:53 GMT

Army leaders take top positions in Zimbabwe's government

The new President of Zimbabwe Emmerson Mnangagwa made Major-General Sibusiso Moy the Foreign Minister, while other military commander Perrance Shiri got under management the land portfolio.

Fri, 01 Dec 2017 15:19:17 GMT

Germany excludes third diplomat from North Korea

The German Foreign Minister Sigmar Gabriel stated on Thursday that Germany withdrew the third diplomat from the embassy in North Korea amid Pyongyang's nuclear missile programme.

Fri, 01 Dec 2017 15:02:13 GMT

Canada jobless rate drops in November

According to Statistics Canada, the unemployment rate in the country fell to 5.9% in November, beating analysts' forecasts of a slight decline to 6.2% from the prior month's 6.3% rate.

Fri, 01 Dec 2017 14:01:04 GMT

German Manufacturing PMI comes at 62.5 in November

Markit reported on Friday that German Manufacturing activity remained on hold at 62.5 in November, fully meeting analysts' expectations for the unchanged reading.

Fri, 01 Dec 2017 14:00:53 GMT

CME's bitcoin futures contract to be launched this month

On Friday, CME Group stated it was planning to launch a bitcoin futures contract on December 18, as it aimed to provide the regulated trading platform for the market of cryptocurrency futures.

Fri, 01 Dec 2017 13:11:41 GMT

Ukraine warns reforms to get harder ahead of election

Ukraine's President Petro Poroshenko stated on Friday it would get harder for reformist legislation to muster votes in the Parliament as the election approached.

Fri, 01 Dec 2017 13:11:31 GMT

Germany, Norway to produce missile built on NSM tech

Germany and Norway agreed to develop a missile for the navies that is based on the Naval Strike Missile of Kongsberg Gruppen, the Norwegian Defence Minister stated on Friday.

Fri, 01 Dec 2017 11:53:17 GMT

Spotify, Tencent Music consider swapping stakes

Swedish Spotify and Chinese music group Tencent Holdings are planning to swap their stakes up to 10% in each other's businesses, before their estimated public listings in 2018.

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.

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