News

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Fri, 12 May 2017 11:34:17 GMT

South Korea to visit China for Silk Road summit

South Korea accepted China's invitation to the Silk Road conference to participate in discussions with Beijing over the US anti-missile system.

Fri, 12 May 2017 11:24:37 GMT

20 die in blast aimed at Pakistani senator

20 people dead and more than 35 wounded in a suspected suicide attack targeting the Pakistani senator in the Baluchistan province on Friday.

Fri, 12 May 2017 10:21:29 GMT

Austria's Kurz demands early parliamentary election

On Friday, the Foreign Minister of Austria Sebastian Kurz said that snap parliamentary elections are required. Kurz is also expected to take the role of the new conservative party leader, which would give him power to enforce the early election.

Fri, 12 May 2017 10:08:52 GMT

ORB poll suggests majority of British voters confident over May's Brexit deal

On Friday, according to a poll conducted by ORB International, the bigger half of British voters have faith that the UK Prime Minister Theresa May would reach a good Brexit deal with the EU.

Fri, 12 May 2017 09:28:51 GMT

Samsung forms new division for contract chip manufacturing

Samsung Electronics created a new affiliated branch for its contract chip manufacturing, dividing the company's system chip and foundry operations with intention to make them more efficient.

Fri, 12 May 2017 08:56:27 GMT

Germany's Schaeuble considers world needs US leadership

The Finance Minister of Germany Wolfgang Schaeuble at the G7 meeting in Italy plans to tell the United States that the world needs its strong and sustainable leadership in global economy and politics.

Fri, 12 May 2017 08:34:53 GMT

Erdogan seeks for new beginning in Turkey-US relationships

The President of Turkey Tayyip Erdogan considers that his visit to the US would forebode a new US-Turkey relationship beginning.

Fri, 12 May 2017 08:18:13 GMT

Kia, Hyundai to recall 240K vehicles in South Korea

On Friday, South Korea issued an order obliging Kia and Hyundai to recall 240K of companies' vehicles due to safety defects first found by a whistleblower.

Fri, 12 May 2017 07:34:08 GMT

Mexico sees China as alternative on trade, warning US

Mexico warned the United States that the country has alternatives such as China to export to in case the US tears up the NAFTA trade agreement.

Fri, 12 May 2017 07:21:50 GMT

China triggers emergency risk assessment on banks

China launched an emergency probe on banks to check risky lending amid CBRC's intention to arrange the Chinese banking system.

Fri, 12 May 2017 06:30:33 GMT

SoftBank to invest $5B in Chinese ride-hailing firm Didi Chuxing

The Japanese SoftBank Group came to an agreement to invest $5B in the Chinese ride-hailing service Didi Chuxing, saying the investment impact on its March 2018 results were not determined yet.

Fri, 12 May 2017 06:10:59 GMT

Australian IS recruiter to be extradited within months

On Friday, the Australian PM Malcolm Turnbull stated that Turkey had agreed to extradite Australia's citizen who is believed to be a senior IS militant group's recruiter within the months.

Fri, 12 May 2017 05:28:55 GMT

Electric car industry leads to lower gasoline demand in Asia

Vehicle fuel demand in Asia risks falling much earlier than anticipated, due to an increased number of people in China and India continuing to buy electric cars, which would ultimately lead to a decline in revenue for oil companies.

Fri, 12 May 2017 05:14:25 GMT

Oil prices refrain from rising further over production cut expectations

Prices for oil stabilised on Friday, amid further expectations of OPEC output cut extending by this year's end, as well as the US Oil Inventories showing the weakest reading since February.

Fri, 12 May 2017 04:31:04 GMT

US and China to expand meat trade

Late on Thursday, the US Secretary of Commerce, Wilbur Ross, said that in order to reduce the US trade deficit with China the two countries would expand been and chicken trade, as a result of the recent trade talks between US President Trump and China's President Xi.

Fri, 12 May 2017 04:23:58 GMT

Hyundai and Kia to recall thousands of vehicles from South Korea

On Friday, the Kia Motors Corporation and the Hyundai Motor Company stated that they would have to comply with the South Korean Transport Ministry's order to recall 240,000 vehicles from the country over safety defects.

Fri, 12 May 2017 03:07:58 GMT

Finance chiefs from G7 meet in Italy to gauge US policy plans

G7 finance leaders arrived in Italy for a two-day meeting to discuss the US government plans as well as international tax rules, inequality and cyber security.

Fri, 12 May 2017 03:05:39 GMT

PBoC lends $66.52B through MLF

China's central bank said in the statement that it injected $66.52B into country's financial system through Medium-term Lending Facility loans and kept interest rates unchanged.

Fri, 12 May 2017 02:23:09 GMT

White House stays without naming anyone to board of Fed

White House official revealed that Donald Trump refrains naming anyone to the Fed's board for weeks, as he wants all nominees to be vetted before filling the vacancies.

Fri, 12 May 2017 02:19:53 GMT

EU looks for urgent negotiations with US over aviation security

The EU requires urgent talks with the United States over restriction for European countries to allow their airline passengers to take along laptops as the US sees security threats.

Thu, 11 May 2017 19:56:04 GMT

Macron unveils list of 428 candidates

The French President elect Emmanuel Macron on Thursday unveiled a list of 428 candidates for June's parliamentary elections, 52% of whom were new to politics and half of whom were women. 

Thu, 11 May 2017 19:55:44 GMT

Macy's shares slide 13% after earnings miss

Macy's Inc. reported a worse-than-expected slide in revenue for the Q1 falling short of analyst expectations on revenue and profits.

Thu, 11 May 2017 18:52:57 GMT

Head of Russian cyber-security firm defends company amid US scrutiny

The CEO of Russia's Kaspersky Lab defended his company on Thursday as the heads of six US intelligence agencies testified on Capitol Hill that they have treated the company as a threat.  

Thu, 11 May 2017 18:52:47 GMT

Donald Trump signs cyber-security executive order

The President Donald Trump signed an executive order Thursday with the intention to tighten cyber-security of federal networks and critical infrastructure.

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