News

Note: This section contains information in English only.
Wed, 11 Oct 2017 14:06:21 GMT

Saudi Arabia to impose tougher rules on insurers

The Saudi Arabia central bank is willing to impose tougher rules on insurance firms as it seeks to reduce the number of market players operating there, leaving the strongest ones.

Wed, 11 Oct 2017 13:59:26 GMT

Russia agrees to regulate cryptocurrency market

Russia's authorities agreed to regulate the market on cryptocurrency, hoping to set out how the regulation is going to work by the year's end.

Wed, 11 Oct 2017 13:32:54 GMT

Ex-UK diplomat says Catalans should suspend secession

The former British adviser stated on Wednesday that the Catalan President should delay the region's secession as other states would unlikely recognise it on the basis of the disputed referendum.

Wed, 11 Oct 2017 12:28:48 GMT

Global regulators move towards Basel deal

Global bank regulators are getting closer to the Basel deal on new banking measures, designed with intention to avoid the 2008 financial crisis repeat.

Wed, 11 Oct 2017 12:18:52 GMT

Emirates seeks cooperation with rival Etihad

The Emirates Airlines President Tim Clark is willing to cooperate with the rival UAE carrier Etihad Airways in the areas, which include procurement; however, excluded full merger between the companies.

Wed, 11 Oct 2017 11:27:53 GMT

Banks to decide on operations location ahead of Brexit

British finance ministry stated on Wednesday that financial services firms and banks would have to decide whether to move their operations away from the UK ahead of Brexit in the first quarter of 2018.

Wed, 11 Oct 2017 10:57:52 GMT

Spanish PM to make press statement on Catalonia

Spain's Prime Minister Mariano Rajoy is willing to give a press statement on the Catalan situation at 1200 CET, his press office reported on Wednesday.

Wed, 11 Oct 2017 10:12:15 GMT

UN finishes Myanmar report

On Wednesday the United Nations human rights office has published a report after conducting 65 interviews in Bangladesh. The report states that Myanmar's army operations started before insurgent attacks.

Wed, 11 Oct 2017 10:10:32 GMT

UK prepares for no deal on Brexit

United Kingdom's finance minister Philip Hammond announced on Wednesday that the country is also considering a "no deal" outcome to the Brexit talks.

Wed, 11 Oct 2017 09:33:18 GMT

Iran to react sharply to US moves against nuclear deal

The Foreign Minister Mohammad Javad Zarif stated to the Iran Parliament on Wednesday that the country would react sharply to the US moves against its nuclear pact with global powers.

Wed, 11 Oct 2017 09:26:07 GMT

15 HK firms under investigation for IPO sponsorship roles

Hong Kong security regulator is probing 15 companies for their sponsorship roles for initial public offering in the Asia's financial hub, a top official started on Wednesday.

Wed, 11 Oct 2017 08:33:46 GMT

VW's Skoda plans to add jobs in Czech Republic

Volkswagen's carmaker Skoda underscored its commitment to the Czech Republic, announcing about its intention to add new jobs in the home country amid fears over production loss in Germany.

Wed, 11 Oct 2017 08:16:21 GMT

Kobe Steel shares drop amid data-fabrication crisis

Shares in Kobe Steel plunged 16% on Wednesday, following the reports that the Japan steel maker had falsifying its data on the iron powder products.

Wed, 11 Oct 2017 07:34:13 GMT

Philippine lawyers urge to stop illegal drug war

Philippine lawyers called the Supreme Court on Wednesday to halt the President Rodrigo Duterte's bloody drug war, calling it an illegal campaign.

Wed, 11 Oct 2017 07:25:13 GMT

US military flies bombers over Korean peninsula

The US military flew its two strategic bomber jets over the Korean Peninsula on Tuesday amid Donald Trump's meeting with the top defence officials to discuss measures regarding North Korean crisis.

Wed, 11 Oct 2017 06:32:23 GMT

Kobe Steel unit appeared to be falsifying data

According to the business daily Nikkei, the Kobe Steel subsidiary was found to be falsifying its data, deepening the data-fabrication crisis at the Japanese third-biggest steel maker.

Wed, 11 Oct 2017 06:24:24 GMT

Jeroen Dijsselbloem to quit Dutch politics

The Netherlands' Finance Minister Jeroen Dijsselbloem is set to leave the national politics after a new government takes its office in about two weeks.

Wed, 11 Oct 2017 05:33:32 GMT

Samsung expects profit to hit record-high in Q3

Samsung Electronics is expecting to anticipate a record-rise of its Q3 profit on Friday, driven by the strong market for its memory chips and earning form the last year's Note 7 smartphone.

Wed, 11 Oct 2017 05:21:13 GMT

13 die in Northern Mexico prison fight

No less than 13 people were reported to be dead after a mass brawl broke out in jail in the Northern Mexico's state of Nuevo Leon on Tuesday.

Wed, 11 Oct 2017 04:30:26 GMT

Trump appoints Hargan as HHS Secretary

According to the White House, the President Donald Trump named Eric Hargan as acting Health and Human Services Secretary, following Tom Price's resignation in September.

Wed, 11 Oct 2017 04:26:59 GMT

HK leader vows to lower taxes

On Wednesday, the Hong Kong Chief Executive Carrie Lam stated in the maiden policy address that the country would cut firm profits tax to 8.25% for the initial $2M of earnings.

Wed, 11 Oct 2017 03:26:44 GMT

Hack of Deloitte affected nearly 350 clients

A cyber attack at global accounting company Deloitte compromised the company's server with 350 clients' emails, including large corporations and US government agencies.

Wed, 11 Oct 2017 03:24:32 GMT

Fed's Kaplan sees tax reform "painful" for some US states

Dallas Fed President Robert Kaplan said that the US tax reform package cutting the deductibility of state and local taxes would be "painful" for some US states hurt by population drain.

Wed, 11 Oct 2017 01:49:26 GMT

Japan's core machinery orders rise 3.4% in August

Japan core machinery orders increased for the second straight month in August, showing a better-than-expected rise of 3.4% in the reported period, Cabinet Office data revealed.

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