News

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Thu, 09 Nov 2017 10:51:17 GMT

Global stocks slow down their record growth on Thursday

The strong upside movement of world stocks lost its momentum on Thursday amid weakening of the Tokyo Stock Price Index and a slow start of European stocks.

Thu, 09 Nov 2017 10:28:25 GMT

Deutsche Telekom lifts outlook after US deal collapse

Deutsche Telekom posted a 3.3% gain in the Q3 core profits and lifted its 2017 guidance, following the collapse of the US merger deal between its T-Mobile unit and Sprint.

Thu, 09 Nov 2017 10:19:06 GMT

South Korea to fine German carmakers over emission violation

South Korea is eager to slap German carmakers Mercedes-Benz, Porsche and BMW with $63.1M fine over breach of emission rules, the Ministry of Environment stated.

Thu, 09 Nov 2017 09:19:55 GMT

South Korea's Moon to deepen ties with Southeast Asia

South Korea's President Moon Jae-in is aimed to strengthen relations with Southeast Asia in an effort to prevent the halt of country's reliance on its trading partners like the US and China.

Thu, 09 Nov 2017 09:04:45 GMT

Catalonia's Parliament speaker to come up for trial

On Thursday, Catalonia's Parliament speaker Carme Forcadell will appear before the Spanish Supreme Court in Madrid to answer charges of sedition and rebellion over the banned independence referendum.

Thu, 09 Nov 2017 08:32:56 GMT

CityFibre, Vodafone tie-up on ultrafast broadband

The UK telecoms giant Vodafone is eager to partner with CityFibre as the companies seek to bring ultrafast broadband in Britain to about 5M homes and business by 2025.

Thu, 09 Nov 2017 08:17:37 GMT

SpaceX plans to launch Turkey's satellites

SpaceX is planning to launch Turkish satellites Turksat 5A and 5B with the Falcon 9 rockets of the Airbus subcontractor, Turkey's Transport Minister stated on Thursday.

Thu, 09 Nov 2017 07:32:55 GMT

New Delhi declares pollution emergency on Thursday

India's capital of New Delhi announced a pollution emergency on Thursday, banning the construction activity and the trucks entry after three days of a toxic smog hung over the city for three days.

Thu, 09 Nov 2017 07:28:55 GMT

Yangkuan, Air Products to build coal-to-syngas factory

China's top coal miner Yangkuan and the US industrial gas supplier Air Products & Chemicals are planning to build a $3.5B coal-to-synthesis gas factory in China.

Thu, 09 Nov 2017 05:51:44 GMT

Toshiba profit more than doubles amid solid memory chip demand

Toshiba reported that the its operating profit more than doubled in the six-month period to September, fuelled by a strong performance of the company's memory chip unit.

Thu, 09 Nov 2017 05:51:09 GMT

Qualcomm signs $12B in China deals due to Trump's visit

Qualcomm signed potential deals with three China's mobile handset producers with total worth nearing $12B, amid Donald Trump's visit to Beijing, aiming to boost US-China trade.

Thu, 09 Nov 2017 04:52:17 GMT

Tencent to collaborate with Snap on games

China's tech company Tencent said that it considering the use of its extended stake in Snap, the owner of Snapchat, to explore cooperation on a news feed and mobile games publishing.

Thu, 09 Nov 2017 04:51:44 GMT

Selling CNN unlikely to fix AT&T deal with Time Warner

The US Justice Department said that sale of cable channel CNN is unlikely to settle antitrust concerns over AT&T deal to purchase media firm Time Warner.

Thu, 09 Nov 2017 04:27:59 GMT

China's consumer inflation at 1.9% in September

Chinese consumer prices growth picked up momentum in September amid higher food prices, showing a 1.9% gain, which was above expectations for a 1.6% increase.

Thu, 09 Nov 2017 04:25:36 GMT

Goldman Sachs, CIC establish US-China industrial cooperation fund

Goldman Sachs and China Investment Corp signed an agreement to set up US-China industrial cooperation fund to support US companies capable of developing business ties with China.

Thu, 09 Nov 2017 03:03:10 GMT

Japan's core machinery orders fall sharply in September

Japanese core machinery orders dropped more than expected 8.1% in September, with companies expecting the fall to persist in Q4, as business investment continues to weaken.

Thu, 09 Nov 2017 03:02:18 GMT

China's insurance premium income grows 21% in nine months

Income from insurance premiums at China's insurers rose 21% in the first nine months of 2017 to $453B, the country's insurance regulator stated.

Wed, 08 Nov 2017 21:06:59 GMT

Quebec to force Netflix to pay sales tax

Quebec would impose the sales tax on the online companies, such as Netflix Inc and has urged the federal government to reconsider their previous decision regarding the mentioned tax.

Wed, 08 Nov 2017 21:00:44 GMT

YNAP's sales growth to be lowered in 2017

According to the Yoox Net-a-Porter's CEO Marchetti, the luxury online retailer's revenue growth in 2017 would be pushed to the lower end of the guidance range.

Wed, 08 Nov 2017 20:02:57 GMT

Cyber gangs threaten financial sector

According to the head of Europol, the fast-growing cyber crime involving at least 4,000 ransom attacks per day has threatened the critical part of the financial sector.

Wed, 08 Nov 2017 20:02:07 GMT

Sprint to speed up its network investment

Sprint Corp would accelerate its network investment, since the company plans to plot the future as the standalone firm, after merger negotiations with T-Mobile had failed.

Wed, 08 Nov 2017 19:17:11 GMT

US corporate tax rate cut to be delayed: Ryan

The US House of Representatives Speaker Ryan stated that implementation of the corporate tax rate cut would be delayed, following the media report that Republicans were exploring such option.

Wed, 08 Nov 2017 19:15:36 GMT

PayPal enters Indian market

PayPal Holdings Inc has launched the domestic operations in India, despite the fact that PayTM, Indian leading digital payments company, has already dominated the market.

Wed, 08 Nov 2017 18:11:36 GMT

FCA to ban ex-Libor trader Tom Hayes

The British Financial Conduct Authority revealed it was planning to ban Tom Hayes, the former Libor trader, from the financial services industry.

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