News

Note: This section contains information in English only.
Fri, 28 Dec 2018 16:23:23 GMT

German consumer price growth weakens sharply in December

German yearly inflation slowed markedly in December, falling below the ECB target level after the Bank ended its crisis-fighting bond purchase scheme and as global markets slipped.

Fri, 28 Dec 2018 14:52:07 GMT

Tesla appoints two new board members

On Friday, Tesla appointed two new independent directors, Walgreens Boots Alliance's global HR head Kathleen Wilson-Thompson and Oracle's founder Larry Ellison, to its board.

Fri, 28 Dec 2018 14:48:31 GMT

China's new financial info rules aimed at institution providers

On Friday, the Chinese internet regulator stated that the new financial rules are aimed at companies supplying information to institutions and specific investors, not for the general public.

Fri, 28 Dec 2018 12:58:14 GMT

Aphria sees Green Growth's hostile bid underestimating firm

Canada's cannabis producer Aphria stated on Friday that the proposed $2.06B hostile bid by Green Growth Brands had undervalued the company.

Fri, 28 Dec 2018 12:54:29 GMT

Yankees enter talks with Sinclair, Amazon over Yes Network bid

The New York Yankees entered talks with Sinclair Broadcast Group and Amazon.com over the joint bid for Yes Network, the WSJ reported on Friday.

Fri, 28 Dec 2018 12:01:49 GMT

Indonesia's annual inflation likely to ease in December

The Indonesian annual inflation rate may ease this month and is likely to stay in the target range set by the central bank, according to a Reuters poll.

Fri, 28 Dec 2018 11:45:27 GMT

Casa Damiani's founding family to delist group from Milan bourse

Italian Casa Daniani's founding family announced a takeover on Friday to acquire the jewellery group and delist the company from Milan's bourse.

Fri, 28 Dec 2018 11:35:03 GMT

Grab to pay about $207K in compensation to Vietnam's taxi firm

On Friday, Vietnam's court ordered the ride-hailing service Grab to compensate $206.985 to the local taxi company to halt the 18-month-long dispute between the operators.

Fri, 28 Dec 2018 11:31:25 GMT

Chinese C919 jet's third prototype finalises test flight

Third prototype of the Chinese-built C919 narrowbody passenger aircraft has finalised its initial test flight this Friday, as China seeks becoming the global civil aerospace participant.

Fri, 28 Dec 2018 09:52:15 GMT

HK's NWS Holdings to acquire FTLife Insurance in $2.8B deal

Hong Kong's NWS Holdings agreed to acquire FTLife Insurance in a deal worth $2.8B with China's financial holding company JD Group.

Fri, 28 Dec 2018 09:40:06 GMT

Green Growth to start hostile bid for Aphria

Green Growth Brands, the US cannabis retailer, announced it would launch a hostile bid to take over the pot producer Aphria, valuing the firm at $2.06B.

Fri, 28 Dec 2018 06:19:04 GMT

Nissan to decrease car production in China

According to sources familiar with the matter, Nissan Motor Co is considering to produce in China 30K cars less than initially planned amid plunge of demand.

Fri, 28 Dec 2018 06:12:54 GMT

Rusal meets new board chairman

On Friday, Jean-Pierre Thomas took the seat of Matthias Warnig and became the new board Chairman of the world largest aluminum producer Rusal.

Fri, 28 Dec 2018 05:22:05 GMT

Novak ties unstable oil prices with US actions

The Russian Energy Minister Alexander Novak stated on Thursday that one of the main reasons behind current oil price volatility was the increasing American protectionism.

Fri, 28 Dec 2018 05:19:18 GMT

Mexico to counter fuel theft

On Thursday, the Mexican government said it would engage military forces to counter fuel theft and simultaneously pursue a tougher anti-corruption policy.

Fri, 28 Dec 2018 04:28:03 GMT

China's service exports surge in January-November

China's service exports amounted 33.3% of the total service trade in the period of January to November, data from the MOC revealed.

Fri, 28 Dec 2018 04:11:05 GMT

Nissan to cut auto production in China as demand weakens

Nissan Motor announced plans to cut car production in China by 30K units in the following months, as global automakers grapple with weakening demand in the car market.

Fri, 28 Dec 2018 03:34:48 GMT

Japan factory production falls, sales drop as risks to economy increase

The Japanese industrial production contracted in November and partially reversed the prior month's gain, while retail sales' growth weakened sharply amid increasing risks dragging and threatening the export-reliant economy.

Fri, 28 Dec 2018 03:29:16 GMT

Rio Tinto expects no job cuts amid driverless train project

Australia's mining firm Rio Tinto stated that it does not anticipate to cut positions next year even though it deployed automated heavy-haul trains to diminish costs.

Thu, 27 Dec 2018 20:48:34 GMT

Saudi Arabia to remove travel ban on Lebanon

Saudi Arabia will lift a travel ban on Lebanon after a Lebanese government will be formed, the Saudi Ambassador to Lebanon Walid Bukhari says.

Thu, 27 Dec 2018 20:47:50 GMT

China service exports rise

China's service exports increased by 14.7% to around $230B in the first 11 months of 2018, the Ministry of Commerce data shows.

Thu, 27 Dec 2018 20:27:59 GMT

Zimbabwe faces economic challenges

Zimbabwe still faces economic challenges despite increasing investment in the country, the President Emmerson Mnangagwa says.

Thu, 27 Dec 2018 20:27:11 GMT

Ukrainian PM calls for joint efforts to ensure growth

Government, parliament and courts should work together to ensure economic growth in Ukraine in 2019, the Ukrainian Prime Minister Volodymyr Groysman says.

Thu, 27 Dec 2018 19:39:19 GMT

Andry Rajoelina wins Madagascar election

Andry Rajoelina won a presidential election in the second round, Madagascar's Independent National Election Commission reports.

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