News

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Thu, 12 Oct 2017 08:25:54 GMT

China car sales jump for fourth month

The Chinese vehicle sales surged 5.7% to 2.71M cars in September for the fourth straight month, underpinned by stronger economic growth and rising incentive for buyers, the CAAM reported on Thursday.

Thu, 12 Oct 2017 08:11:40 GMT

Russia dissatisfied with US military in Baltic states

Russia stated on Thursday that the presence of the US military in the Baltic states close to its borders went against the NATO-Russia agreement.

Thu, 12 Oct 2017 07:33:49 GMT

Alphabet's Waymo seeks $1B in damages from Uber

Alphabet's Waymo demanded up to $1B in the settlement talks with Uber Technologies and a public apology for the alleged usage of Waymo's unique technology.

Thu, 12 Oct 2017 07:26:47 GMT

Seven people detained over explosion in Turkey

Seven people were detained by Turkish authorities over a storage tank explosion at Tupras refinery, which claimed lives of four people, the NTV reported on Thursday.

Thu, 12 Oct 2017 06:26:38 GMT

Hamas reaches deal with rival Fatah on political reconciliation

On Thursday, the Palestinian faction Hamas stated that it had reached an agreement with its rival Fatah over political reconciliation.

Thu, 12 Oct 2017 06:24:35 GMT

China delays third test flight of C919 passenger jet

China's COMAC reported on Thursday that the third test flight of its domestically-built C919 passenger jet was postponed amid bad weather.

Thu, 12 Oct 2017 04:50:53 GMT

Japanese wholesale prices mark 3.0% yearly increase in September

Japan's wholesale prices grew in September at a strongest annual pace in nine years of 3.0% in September amid increase in prices of gasoline, agricultural products and metals.

Thu, 12 Oct 2017 04:50:26 GMT

China says EU trade decisions lack awareness of WTO rules

The Chinese Commerce Ministry stated that the EU's new trade regulations against China's imports ran short of awareness of WTO rules, urging the bloc to abide by the requirements.

Thu, 12 Oct 2017 03:29:18 GMT

Toyota to halve Japan's car models by 2025

Toyota Motor announced intention to have the number of cars the company sells in Japan to 30 by the year of 2025, consolidating its portfolio in an attempt to focus on popular models.

Thu, 12 Oct 2017 03:29:10 GMT

Turkey anticipates visa crisis with US to be resolved soon

The diplomatic crisis between Turkey and the US that led them to cease issuing visas to each other's nationals is set to be resolved soon, the Deputy PM of Turkey Mehmet Simsek stated.

Thu, 12 Oct 2017 01:55:36 GMT

GE stock at four-year low amid dividend cut concerns

General Electric stock hit the weakest level in nearly four years due to investors' concern that the company may not make enough cash in 2017 to fully cover dividend payments.

Thu, 12 Oct 2017 01:54:47 GMT

Trump open to bilateral Mexico, Canada pacts if talks on NAFTA fail

The US President Donald Trump said he was open to trade pacts with either Mexico or Canada, if the three-way agreement cannot be reached to revise the NAFTA.

Wed, 11 Oct 2017 19:56:21 GMT

House of Representatives will decide on disaster funding on Thursday

The US House of Representatives is to pass a legislation on Thursday that will provide additional funding to areas affected by wildfires and hurricanes.

Wed, 11 Oct 2017 19:55:58 GMT

Williams favours gradual interest rate hikes

The President of the Federal Reserve Bank of San Francisco John Williams said the Fed should rise interest rates gradually due to low unemployment and 2% inflation.

Wed, 11 Oct 2017 19:07:32 GMT

Taiwan demands $774M fine from Qualcomm for anti-trust violations

The Taiwan Fair Trade Commission is to fine the US-based chip producer Qualcomm Inc $774.14M for violating anti-trust rules.

Wed, 11 Oct 2017 19:04:12 GMT

Trump says NAFTA possible, would consider trade deal only with Canada

The US President Donald Trump explained on Wednesday that a NAFTA deal could be possible, adding that the country would consider a trade agreement with Canada but not Mexico.

Wed, 11 Oct 2017 18:01:52 GMT

Congo election not to take place before April 2019

The country's electoral commission revealed on Wednesday that no presidential election can happen in Congo before April 2019.

Wed, 11 Oct 2017 18:01:22 GMT

MUFG to replace 30% of staff with robots

Japan's MUFG said it was planning to automate around 30% of operations at its main banking unit in the near future and let robots and AI do the paperwork.

Wed, 11 Oct 2017 17:17:01 GMT

EU not to provide $33M loan to Moldova

According to the EU delegation to Moldova, the bloc is withholding the $33M loan transfer to support the country's justice reforms, as its authorities failed to fulfill the required conditions.

Wed, 11 Oct 2017 17:16:44 GMT

Iran's Rouhani defends Revolutionary Guards in show of unity

On Wednesday, the Iranian President Hassan Rouhani defended the Islamic Revolutionary Guard Corps (IRGC), joining the country's hardliners' rally against threats from the US President.

Wed, 11 Oct 2017 15:53:48 GMT

Suicide bombers strike Damascus police centre

State media reported on Wednesday that another suicide bombers' attack took place in the Syrian capital city of Damascus, this time targeting the police HQ.

Wed, 11 Oct 2017 15:53:06 GMT

US House approves $36.5B hurricane relief

The US House of Representatives Appropriations Committee reported it had approved $36.5B in funds for hurricane and wildfire relief.

Wed, 11 Oct 2017 15:22:46 GMT

Delta refuses to pay tariffs on Bombardier CSeries planes

On Wednesday, Delta Air Lines said the company would not settle the bill of a 300% tariff on Bombardier's CSeries planes.

Wed, 11 Oct 2017 15:21:55 GMT

US job openings little changed in August

Data released by the US Bureau of Labour Statistics on Wednesday showed that the number of job openings stood at 6.08M in August, slightly down from 6.14M registered in July.

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