News

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Thu, 10 Aug 2017 05:26:02 GMT

Japan's Abe ought to focus on regulatory reforms

Economists consider that the Japanese PM Shinzo Abe should prioritise regulatory reforms as they remain pessimistic on inflation's growth prospects in the coming years, according to forecasts.

Thu, 10 Aug 2017 04:33:53 GMT

Wanda Hotel to acquire $1B assets from Wang-controlled firms

A Chinese unit Wanda Hotel is willing to buy $1B of assets from units controlled by its founder Wang Jianlin, in a deal that caused over 30% drop of its shares.

Thu, 10 Aug 2017 04:29:24 GMT

Toyota to delay launch of Mexico factory to early 2020

Toyota stated on Thursday it would push back the launch of its planned new plant in Mexico to the beginning of 2020 instead of the initial plan of 2019 amid production car model change.

Thu, 10 Aug 2017 03:14:02 GMT

Japan's core machinery orders drop unexpectedly in June

Japan's core machinery orders declined 1.9% in June, the third straight month of fall, casting doubts about the country's economic recovery.

Thu, 10 Aug 2017 03:13:52 GMT

US payment company to buy UK rival for $10B

Vantiv, the US credit card processing firm, announced that it agreed to buy the UK-based rival Worldpay for $10.4B, aiming to create global payments platform.

Thu, 10 Aug 2017 02:08:10 GMT

Thailand, Iran to cooperate on cyber security, IT

Thailand and Iran agreed on cooperation in the fields of IT, hardware, software and cyber security, the newspaper reported.

Thu, 10 Aug 2017 02:07:28 GMT

Austria to strengthen border controls amid higher illegal migration

Austria is set to strengthen controls of its borders, as an illegal migration increase in recent days, the country's Interior Minister Wolfgang Sobotka stated.

Wed, 09 Aug 2017 20:15:02 GMT

Investors turn to safe heavens amid North Korea crisis

On Wednesday, many investors decided to relocate their capital into the Treasury bonds, gold and other safe heavens amid growing geopolitical tensions.

Wed, 09 Aug 2017 20:14:28 GMT

FBI conducts a search in Manafort's house

On Wednesday, FBI raided one of the Paul Manafort's houses, looking for evidence of financial crimes. A few years ago Paul Manafort served as President Donald Trump's campaign manager.

Wed, 09 Aug 2017 19:09:20 GMT

Mexico's Meade explains spiking inflation

Jose Antonio Meade, the Minister of Finance of Mexico, named high tomato prices, as the main reason behind increased annual inflation.

Wed, 09 Aug 2017 19:06:57 GMT

US imposes new sanctions on Venezuela

The White House has decided on Wednesday to broaden sanctions against Venezuela adding eight more officials to its sanctions blacklist over creation of the new Constitutional Assembly.

Wed, 09 Aug 2017 18:01:13 GMT

Mattis sends a warning to North Korea

Jim Mattis, the US Secretary of Defence, said that North Korea has to stop its nuclear program and avoid any actions that would "lead to the end of its regime".

Wed, 09 Aug 2017 18:00:13 GMT

Oil price surge to $52.47

Oil prices rose by 33 cents on Wednesday, reaching $52.47 a barrel, as the US gasoline and crude inventories slipped by 6.5M barrels a week.

Wed, 09 Aug 2017 17:09:35 GMT

European stocks enter bear market

European stocks closed in the red territory on Wednesday amid geopolitical tensions, with the pan-European STOXX 600, France's CAC 40 and Germany's DAX dropping 0.7%, 1.4% and 1.1%, respectively.

Wed, 09 Aug 2017 17:08:46 GMT

Birchbox discusses potential sale with retailers

Recode, a technology news website, reported on Wednesday that Birchbox, an online cosmetics company, discussed a potential sale with several retailers including Wal-Mart Stores.

Wed, 09 Aug 2017 16:20:17 GMT

US crude stockpiles drop more than expected last week

The EIA reported that US crude oil inventories dropped 6.5M barrels in the week ended August 4, following the preceding week's fall of 1.5M barrels and topping expectations for a 2.6M-barrel decline.

Wed, 09 Aug 2017 15:17:00 GMT

US non-farm productivity rises 0.9% in Q2

Non-farm productivity rose 0.9% in the United States in the June quarter, according to the preliminary data published by the Labour Department on Wednesday.

Wed, 09 Aug 2017 15:16:25 GMT

Canadian building permits rise 2.5% in June

Statistics Canada reported on Wednesday that building permits jumped 2.5% in June, following the prior month's surge of 10.7% but surpassing analysts' expectations for a 1.8% drop.

Wed, 09 Aug 2017 14:28:32 GMT

France detains suspect behind car attack on soldiers

According to the French PM Edouard Philippe, the police men arrested a suspect who was alleged to ram into the group of soldiers with a BMW car in a Parisian suburb.

Wed, 09 Aug 2017 14:13:25 GMT

Qatar to lift visas for 80 nationalities amid Gulf crisis

Qatar is eager to launch a programme to allow a visa-free entry to the country for people from 80 countries as Doha seeks to encourage tourism and air transport amid a boycott imposed by the Gulf Arab states.

Wed, 09 Aug 2017 13:30:32 GMT

KKR puts on hold Hitachi Kokusai planned acquisition

The American company KKR put its scheduled buyout of the Hitachi Kokusai's chip making equipment business on hold amid issues over deal terms, the firms reported on Wednesday.

Wed, 09 Aug 2017 13:18:57 GMT

France calls all parties to deescalate North Korea situation

On Wednesday, France called all the concerned sides to deescalate situation over North Korea after the provocative country stated it was considering missile strikes on the US Pacific territory of Guam.

Wed, 09 Aug 2017 12:33:44 GMT

Germany's lawmaker calls for security safeguards to visit Turkey

A lawmaker from the German Left Party called for security guarantees from the country's foreign ministry to visit soldiers' air base in Turkey during a NATO-led trip.

Wed, 09 Aug 2017 12:22:18 GMT

Southeast Asia sees threat to regional security from North Korea

Cambodia's Foreign Minister stated on Wednesday that the Southeast Asian countries were "unhappy" with the North Korean missile tests, considering that they posed a threat to regional security.

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