News

Note: This section contains information in English only.
Tue, 25 Dec 2018 08:13:01 GMT

China to build $8B railway

On Tuesday, China's state planner granted approval to construction of a $8B high-speed railroad in the Shaanxi province.

Tue, 25 Dec 2018 07:15:46 GMT

Court gives bail to Nissan's Kelly

The Tokyo District Court ruled on Tuesday to grant to former Representative Director of Nissan Motor Co Greg Kelly a $635K bail.

Tue, 25 Dec 2018 07:11:24 GMT

Rouhani submits budget plan to parliament

On Tuesday, the President of Iran Hassan Rouhani presented a $47B budget plan to the country's lawmakers, warning that the US actions would negatively affect citizens' wellbeing.

Tue, 25 Dec 2018 06:38:43 GMT

US expert: China's opening up to fuel global economy

China's further opening-up of the markets to investments and foreign imports is likely to propel growth forward, but also strengthen the global economy, the US expert stated.

Tue, 25 Dec 2018 06:36:36 GMT

PBoC drains liquidity from financial system

The People's Bank of China conducted nearly $4.35B of seven-day reverse repo at a 2.55% interest rate, draining liquidity from the market after the largest weekly injection of cash in 11 months, according to the statement.

Tue, 25 Dec 2018 05:36:25 GMT

US satellite service suggests minority stake to Russia

OneWeb, the US satellite start-up, offered to sell its minority stake to Russia, hoping that the move is likely to allay Moscow's concerns over the company's intention to create a worldwide internet network using satellites.

Tue, 25 Dec 2018 05:32:40 GMT

Exxon, Guyana in talks after marine survey halted by Venezuela dispute

Guyana's government was in negotiations with Exxon Mobil, following two ships looking for oil off the cost of the South American country halted work after a confrontation with the navy of Venezuela navy.

Tue, 25 Dec 2018 04:36:25 GMT

Banca Carige discusses with ECB unsuccessful cash call approval

Italy's Banca Carige discussed with ECB supervisors the rejection of the all cash necessary to safeguard the future of the Italian lender, a source familiar with the matter stated.

Tue, 25 Dec 2018 04:31:47 GMT

Mexico rejects status of safe third country imposed by US

Mexico is unlikely to accept the status of the safe third country for migrants, who seek refugee status in the US, Marcelo Ebrard, the Foreign Affairs Minister stated.

Mon, 24 Dec 2018 21:35:14 GMT

Israel to snap early election in April

Benjamin Netanyahu, the Prime Minister of Israel, announced early elections in less than four months, appealing to voters for a political mandate, which could help him weather possible charges in investigations on corruption.

Mon, 24 Dec 2018 21:30:30 GMT

China grows to second largest contributor to budget of UN

China's contribution is likely to rise to 12.01% in the following three years from 7.92% for the period of 2016-2018, according to the UN General Assembly's resolution.

Mon, 24 Dec 2018 20:34:30 GMT

FAW-Volkswagen car production exceeds 2M units this year

The joint wenture between Volkswagen and FAW reported that the Group saw the production of passenger cars for 2018 exceeding 2M units.

Mon, 24 Dec 2018 20:32:19 GMT

Taiwan's industrial production grows in November

Taiwan's Industrial Production Index rose 2.09% year-over-year to 111.3 in the month of November, the report showed on Monday.

Mon, 24 Dec 2018 19:28:32 GMT

HNA Technology in talks to sell Ingram Micro

China's HNA Technology was in preliminary negotiations to sell the US electronics distributor Ingram Micro within its parent group's attempt to trim operations.

Mon, 24 Dec 2018 19:26:35 GMT

Vista Equity Partners to purchase Mindbody in $1.9B deal

Mindbody stated that it agreed to be bought by Vista Equity Partners for nearly $1.9B in cash, about three years after the IPO.

Mon, 24 Dec 2018 15:48:20 GMT

Cambodia's exports increase 4% in 2018

Cambodia exported products worth $11.2B in 2018, an increase of 4% compared to the previous year, a Commerce Ministry's annual report shows.

Mon, 24 Dec 2018 15:47:36 GMT

Cooperation between China and Kenya runs smoothly

Cooperation between China and Kenya, including the Mombasa-Nairobi Standard Gauge Railway project, runs smoothly, a Chinese foreign ministry spokesperson says.

Mon, 24 Dec 2018 15:19:24 GMT

Singapore's CPI growth declines to 0.3%

Singapore's Consumer Price Index expanded 0.3% in November, compared to the same period the previous year, the Ministry of Trade and Industry and the Monetary Authority of Singapore says.

Mon, 24 Dec 2018 15:18:17 GMT

Bhutan PM to visit India

The Bhutan Prime Minister Lotay Tshering plans a visit to India at the invitation of the Indian Prime Minister Narendra Modi, the external affairs ministry reports.

Mon, 24 Dec 2018 14:26:34 GMT

S. Korea's officials go to DPRK

South Korea has sent officials to the Democratic People's Republic of Korea to prepare for a ceremony to connect roads across the border, Seoul's unification ministry reports.

Mon, 24 Dec 2018 14:25:13 GMT

Pakistani FM visits Kabul

The Pakistani Foreign Minister Shah Mahmood Qureshi visits Afghanistan's capital Kabul to meet Afghan officials, the Afghan Foreign Ministry reports.

Mon, 24 Dec 2018 13:23:41 GMT

Cadence Bancorp makes new offer to buy State Bank

Cadence Bancorp, the US regional bank, stated on Monday it would offer 4.3M extra shares to acquire State Bank Financial Corp in a deal totaling $849M.

Mon, 24 Dec 2018 13:19:37 GMT

Norwegian Air adopts cost savings program

On Monday, Norwegian Air adopted a $230M cost savings program, which along with other steps is expected to help company to show much better financial results by the end of next year.

Mon, 24 Dec 2018 12:13:18 GMT

China says exported zero soybeans from US in November

According to Chinese customs data, no American soybeans were imported to the country in November. Instead, the commodity was shipped from Brazil.

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