News

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Thu, 28 Sep 2017 11:06:52 GMT

Seagate to supply $1.25B towards Toshiba chip unit purchase

Seagate Tech stated on Thursday it sought to contribute $1.25B of $18B deal with Bain Capital to buy Toshiba's chip unit, expecting to enter a long-term supply accord with the company.

Thu, 28 Sep 2017 11:06:41 GMT

UK urges Ryanair for "actions" as flight cancellations rise

Britain's aviation authorities urged Ryanair to take actions as the amount of cancelled flights through Christmas doubled since the last week, affecting over 700K customers in the following five months.

Thu, 28 Sep 2017 10:09:59 GMT

SASAC says restructuration plan for state-owned enterprises ‘basically complete'

The plan for China's SOEs intended to modernise and reform the sector was in its final stage, the State-owned Assets Supervision and Administration Commission said on Thursday.

Thu, 28 Sep 2017 09:59:34 GMT

UK's May says Boeing's actions towards Bombardier undermining partnership with country

The British Prime Minister Theresa May noted on Thursday that Boeing's behaviour towards the Canadian Bombardier was undermining its long-term partnership with the United Kingdom.

Thu, 28 Sep 2017 09:30:31 GMT

Lyft aimed to hire IPO adviser

The second largest US ride service firm Lyft is expected to select an IPO advisory company in its first step to become publicly listed, according to sources familiar with the matter.

Thu, 28 Sep 2017 09:02:52 GMT

Taiwan to open up visa-free arrangement with Philippines

On Thursday, Taiwan announced it would introduce visa-free policy for the Philippine visitors, seeking the Southeast Asian country would reciprocate the gesture.

Thu, 28 Sep 2017 08:34:59 GMT

Chinese C919 jet completes another test flight

The Chinese domestically developed passenger aircraft C919 completed its second flight test on Thursday, which was developed to compete Boeing jets in the future.

Thu, 28 Sep 2017 08:24:33 GMT

Qatar Airways to cancel flights to Kurdish Northern Iraq

Qatar Airways is willing to cancel flights to the Northern Iraq from September 29 to October 1 amid the Iraqi Civil Aviation Authority's request, the carrier reported on Thursday.

Thu, 28 Sep 2017 07:34:42 GMT

Millionaires' wealth hits record-high $63.5T in 2016

According to a global consultancy company Capgemini, the toll of millionaires surged 8% to about 16.5M people in 2016, hitting an all-time record of total wealth of $63.5T.

Thu, 28 Sep 2017 07:24:55 GMT

Turkey to deal only with Iraq on oil exports

The Iraqi PM's office stated on Thursday that Turkey would cooperate only with Iraq's government regarding crude oil exports.

Thu, 28 Sep 2017 06:34:08 GMT

US seeks inquiry into Allergan deal with Native Americans

The US senators called the Senate Judiciary Committee to start an inquiry into an Allergan's transfer deal with the Native American tribe, deemed to protect its parents from a generic challenge.

Thu, 28 Sep 2017 06:21:54 GMT

Japan PM Abe calls for snap election as Parliament dissolved

On Thursday, the Japanese Prime Minister Shinzo Abe called for snap election on October 22, after he had dissolved the Parliament's lower house earlier this week.

Thu, 28 Sep 2017 04:56:09 GMT

Malaysia bans visiting North Korea due to rising tension

Malaysia announced that it banned its citizens from travelling to North Korea amid escalating tensions over the development of Pyongyang's nuclear and missile programs.

Thu, 28 Sep 2017 04:55:36 GMT

Rents in London skyscrapers remain highest in Europe despite Brexit

Rents for offices in London skyscrapers were still the highest in Europe, as the UK capital remained the most popular for business hubs despite Brexit.

Thu, 28 Sep 2017 04:03:34 GMT

South Korea anticipates more provocations from NK in October

South Korea expected North Korea to take more provocative steps in mid-October, where actions could coincide with the anniversary of its communist party founding.

Thu, 28 Sep 2017 04:02:54 GMT

Trump suggests US tax overhaul, raises concerns over deficit

The US President Donald Trump proposed the largest US tax overhaul in the last three decades, calling for lower taxes for most Americans, while prompting doubts on diminished deficit.

Thu, 28 Sep 2017 03:11:58 GMT

China to spur imports to balance trade structure

China is likely to extend imports aiming to make the country's trade structure well balanced, the Commerce Ministry spokesman said on Thursday.

Thu, 28 Sep 2017 03:08:34 GMT

Mazda, Toyota, Denso to set up electric vehicle JV

Mazda Motor, Toyota and its affiliated parts producer Denso are expected to form a joint venture to start developing electric vehicles, Japan's public broadcaster NHK sad.

Thu, 28 Sep 2017 01:54:12 GMT

Google, Twitter, Facebook asked to testify on Russia's meddling

Executives from Google, Twitter and Facebook were asked to testify to the US Congress as lawmakers probe Russian alleged interference in the last year's US election.

Thu, 28 Sep 2017 01:53:32 GMT

Fed's Rosengren sees raising rates needed to avoid risks

Boston Fed's President Eric Rosengren stated that regular rate hikes are necessary to avoid the US economy's overheating, where inflation is weak only temporary.

Wed, 27 Sep 2017 20:19:43 GMT

Facebook removes thousands of fake accounts for German election

Facebook announced on Wednesday that the company made its first real election security test, removing tens of thousands of fake accounts in Germany to protect the 2017 German federal elections.

Wed, 27 Sep 2017 20:05:11 GMT

Turkey reports 13 die in north Iraq air strike

Turkish authorities reported in a statement that 13 Kurdish PKK fighters had died on Wednesday after Turkish jets struck a target in northern Iraq.

Wed, 27 Sep 2017 19:24:14 GMT

Bank of Canada signals interest-rate pause

The Bank of Canada announced on Wednesday that after two consecutive interest-rate rises, it would now work from a clean slate when making future decisions on interest rate.

Wed, 27 Sep 2017 19:15:22 GMT

Trump not to negotiate on 20% corporate tax rate

Donald Trump, the US President, announced on Wednesday that he would not continue negotiations on new tax framework proposal from the Republicans to lower the corporate tax rate to 20%.

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