News

Note: This section contains information in English only.
Wed, 24 Oct 2018 15:21:01 GMT

New home sales in US nears two-year low last month

Sales of new single-family homes in the US dropped to a the two-year low in September, while data for the previous three months was revised lower, indicating that higher mortgage rates and prices undercut the housing market.

Wed, 24 Oct 2018 13:41:44 GMT

UK mortgages reach a low level

The approvals of UK mortgages have reached a six-month low level. In addition, home loan refinancing demand has fallen since the Bank of England rate hike in August.

Wed, 24 Oct 2018 13:41:32 GMT

Trump will sign new anti-opioid law

On Wednesday, Donald Trump was about to sign a new law, which is expected to provide better treatment to opioid abusers.

Wed, 24 Oct 2018 12:54:21 GMT

Facebook and Twitter deny Chinese meddling elections

Facebook and Twitter on Wednesday revealed that the companies have not found any evidence of Chinese authorities meddling with the 2018 US elections.

Wed, 24 Oct 2018 12:54:14 GMT

Global stock markets continue to decline

On Wednesday, global stock indices marked a sixth straight day of losses. Financial media mostly blamed fears about economic growth.

Wed, 24 Oct 2018 12:53:30 GMT

European stocks attempt a rebound

On Wednesday, European stocks attempted a rebound. Although, tech and banking stock indexes declined due to bad results from certain companies.

Wed, 24 Oct 2018 12:53:22 GMT

Malaysia will charge former Prime Minister

On Thursday, the former PM of Malaysia Najib Razak together with his head of the Treasury will both be charged with various cases of breach of trust.

Wed, 24 Oct 2018 10:53:59 GMT

Check Point Software beat earnings estimates

Check Point Software, who provide network security, have reported better than forecast third quarter profits, which have caused the company's stock price to surge.

Wed, 24 Oct 2018 10:53:51 GMT

Euro Zone's growth stalls

On Wednesday, the published Euro zone business index revealed that the European business environment has slowed down more than forecast.

Wed, 24 Oct 2018 10:02:55 GMT

Oil prices continue to decline

On Wednesday, oil prices declined below the $75 mark per barrel, which is its lowest level since August.

Wed, 24 Oct 2018 10:02:26 GMT

EU lawmakers pick candidates for bank supervision

The lawmakers of the European Union on Wednesday announced that Sharon Donnery and Andrea Enria are the last two candidates for the position of the head of EU's banking supervision institution.

Wed, 24 Oct 2018 09:39:25 GMT

Handelsbanken to phase out 1.6K jobs amid Q3 profit results

Sweden's Handelsbanken is set to cut about 1.6K jobs in the following four years after reporting its Q3 operating profit was little above the expectations.

Wed, 24 Oct 2018 09:34:50 GMT

Geely, Daimler to form mobility service JV

On Wednesday, Germany's automaker Daimler announced it would establish a premium ride-sharing service joint venture with China's Geely Group.

Wed, 24 Oct 2018 08:36:40 GMT

Rosneft and Eni plans to freeze Barents Sea projects

Italy's Eni and Russia's Rosneft are in talks over terms to freeze their joint Barents Sea hydrocarbon projects due to the US sanctions, according to Interfax.

Wed, 24 Oct 2018 08:34:30 GMT

Barclays posts better-than-expected Q3 profits forecast

On Wednesday, UK bank Barclays reported higher-than-expected Q3 profit forecasts and revenues, despite the investment bank costs.

Wed, 24 Oct 2018 04:50:29 GMT

China approves $100B fixed assets investments projects

On Thursday, the state planner of China claimed that it has approved $100B fixed assets investment projects for a period from January 2019 to September 2019.

Wed, 24 Oct 2018 04:50:08 GMT

Ecuador will no intervene with British authorities over Assange

On Tuesday, the Foreign Minister of Ecuador Jose Valencia claimed that Ecuador will no longer intervene with the UK over the founder of WikiLeaks Julian Assange.

Wed, 24 Oct 2018 04:35:47 GMT

China signs trade memorandum with Palestine

On Wednesday, the Commerce Ministry of China claimed that a free trade memorandum of understanding has been signed between China and Palestine.

Wed, 24 Oct 2018 03:20:51 GMT

CityFibre to invest $3.25B in full-fiber for British homes

CityFibre, the UK roadband operator, stated that it would spend $3.25B on rolling out fibre networks in 37 cities, offering ultra-fast connections to more that 5M homes.

Wed, 24 Oct 2018 03:18:19 GMT

Japan manufacturing grows in October on bounce in export orders

Japan's manufacturing activity rose in October at the fastest pace in six months, as export orders returned to expansion, a preliminary survey revealed.

Wed, 24 Oct 2018 02:31:08 GMT

Union Pacific set to cut 475 positions

Railroad operator Union Pacific stated that it is likely to cut 475 positions in the Q4 and signalled more workforce reduction, seeking to boost profitability by the 2020 end.

Wed, 24 Oct 2018 02:28:08 GMT

LG Display swings to Q3 profit over seasonal price increase

South Korea's LG Display posted a 76% fall in profit in the Q3 compared with 2017, after two quarters of consecutive declines, supported by increased seasonal panel prices.

Tue, 23 Oct 2018 19:51:25 GMT

Kraft Heinz plans Indian businesses sale to Zydus

Kraft Heinz is set to sell a part of its Indian businesses, including Complan children's drink brand, to India's drugmaker Zydus Wellness, according to a Bloomberg report published on Tuesday.

Tue, 23 Oct 2018 19:51:17 GMT

Dyson to build electric vehicle in Singapore

The British billionaire James Dyson has selected Singapore over Britain to manufacture his electric vehicle, as he seeks to be closer to the Asian supply chains, customers and highly skilled workforce.

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