News

Note: This section contains information in English only.
Tue, 18 Apr 2017 10:14:56 GMT

Oil dips amid upped US shale output expectation

A dip in oil prices accompanied the anticipation of the highest rise in shale output for the US over a period of two years, and led to worries that the oversupply might not be in line with OPEC's attempts to cut output.

Tue, 18 Apr 2017 10:10:13 GMT

Credit Suisse shareholders unsatisfied with pay-out structure

Despite a 40% bonus cut put forth by Credit Suisse managers and a promise to freeze the compensation of directors, stakeholders remained unsatisfied with the pay-out structure to executives.

Tue, 18 Apr 2017 09:33:00 GMT

PM May to address public outside Downing Street office

The Prime Minister of Britain Theresa May is eager to make an official statement on Tuesday outside the Downing Street office following the scheduled meeting with the Senior Ministers.

Tue, 18 Apr 2017 08:32:54 GMT

Australia to abolish foreign employee visas

Australia's PM Malcolm Turnbull announced on Tuesday that the country was eager to adhere to the new anti-foreign employee policy and would abolish a temporary foreign worker visa, stating that "Australian jobs are for the Australian people".

Tue, 18 Apr 2017 08:16:52 GMT

Pence triggers Japan talks to boost trade

On Tuesday, the US Vice President Mike Pence started negotiating with Japan, expecting to boost trade and infrastructure investment as the US forges links with its key ally amid growing tensions with North Korea.

Tue, 18 Apr 2017 07:33:00 GMT

Teenager dies in shark attack on Australia's Western coast

A young girl died as a shark attacked her while she was surfing in the ocean; another unprovoked incident that took place on the Western coast of Australia as the country scores record-high of the motiveless shark attacks.

Tue, 18 Apr 2017 07:22:14 GMT

Facebook fails to meet its pledge over abusive content

Facebook failed to react in time to the scandalous murder video published on Sunday despite company's promise to monitor and take immediate measures over offensive publications on the social media platform.

Tue, 18 Apr 2017 06:30:27 GMT

Arconic Chief resigns over critical letter to Elliot

The Arconic Inc. CEO Klaus Kleinfeld stepped down from his post on Monday after he sent a hostile letter to Elliott Management without consulting the board of directors.

Tue, 18 Apr 2017 06:16:09 GMT

VW to meet severe quotas over China green cars

On Tuesday, Volkswagen stated it was eager to meet the forthcoming tough quotas over the independent selling of their green cars in China.

Tue, 18 Apr 2017 05:24:07 GMT

Chinese ruling Communists to boost influence in business sector

Amid efforts to strengthen its influence in the business sector, the Chinese Communist party has issued new rules for executives that require them being assessed by the "party building" to determine their salaries.

Tue, 18 Apr 2017 05:17:49 GMT

Trump to sign executive order on visa system

Donald Trump is to sign an executive order which would make federal agencies suggest changes to the current visa program which allows foreigners to take highly-skilled jobs.

Tue, 18 Apr 2017 04:22:42 GMT

Pence to visit Japan

Following claims by Mike Pence on how the actions in Syria and Afghanistan reflected US strength, a reassuring visit to Japan is to be held on Tuesday.

Tue, 18 Apr 2017 04:16:53 GMT

Half of land argument hostages freed in Vietnam

Around 30 officials who were taken hostage after an argument on land erupted in Vietnam, have now been freed, claimed one of the negotiators.

Tue, 18 Apr 2017 02:56:52 GMT

Uber's VP of global vehicle programs resign

Uber's vice president of global vehicle programs Sherif Marakby, who helped in the self-driving car project, left the company without explaining any reason.

Tue, 18 Apr 2017 02:51:43 GMT

Japan to consider economic cooperation framework with US, not FTA

Japan's Taro Aso is likely to discuss broad economic framework on bilateral partnership, but not any free trade agreement in the first part of talks with US Mike Pence on Tuesday.

Tue, 18 Apr 2017 02:25:39 GMT

Fed's balance sheet plan set not to affect its monetary policy

Stanley Fisher, the Federal Reserve Vice Chair, said that cutting the US central bank's $4.5T balance sheet "in fact" tightens US monetary policy, but with no affect.

Tue, 18 Apr 2017 02:22:19 GMT

China plans 2M new public homes for 2017

China plans building 2M new rental houses this year to supply reasonably priced units for low-income households.

Mon, 17 Apr 2017 20:03:04 GMT

Boeing set to continue cutting jobs

In a memo, Boeing announced it was planning to cut hundreds of engineer jobs on the back of slowing aircraft sales and heightened competition.

Mon, 17 Apr 2017 20:02:26 GMT

ISIS seeks to form alliance with al Qaeda

On Monday, the Vice President of Iraq Ayad Allawi said the Islamic State was in advanced talks with al Qaeda over a possible alliance.

Mon, 17 Apr 2017 19:05:52 GMT

US judge fines Oderbrecht $2.6B in graft case

Latin America's leading engineering firm Oderbrecht was fined $2.6B by a US judge in a scandalous criminal corruption lawsuit.

Mon, 17 Apr 2017 19:05:10 GMT

Turkey's Yildirim says "people's message is clear"

On Monday, the First Minister of Turkey Binali Yildirim said "people's message was clear", adding that the referendum results put an end to all arguments.

Mon, 17 Apr 2017 18:05:35 GMT

Williams Partners to sell its Williams Olefins stake for $2.1B

One of the leading energy infrastructure companies in the US, Williams Partners, said it was ready to sell its stake in Williams Olefins for $2.1B to Nova Chemicals.

Mon, 17 Apr 2017 18:04:11 GMT

Ashland to buy Pharmachem Laboratories for $660M

On Monday, the Kentucky-based specialty chemicals firm Ashland Global Holdings said it was eager to acquire Pharmachem Laboratories for $660M.

Mon, 17 Apr 2017 17:02:24 GMT

NAHB builder sentiment plummets in April

The National Association of Home Builders' Housing Market Index slipped off its 11-year high, trimming three points to settle at 68 over the month of April.

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