News

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Wed, 26 Dec 2018 13:39:33 GMT

Russia expects oil prices to stabilise in 2019 first-half

Alexander Novak, the Russian Energy Minister, stated he was expecting the oil prices, which dropped by over a third last month, to stabilise in the next year's first half.

Wed, 26 Dec 2018 13:36:51 GMT

Putin's attendance of Davos forum was not ruled out

On Wednesday, the Russian spokesman Dmitry Peskov stated that the Kremlin had not ruled out the President Vladimir Putin attending the Davos forum scheduled for the next month.

Wed, 26 Dec 2018 12:36:45 GMT

Koreas' road and rail links reconnection faces delay

A project launched by South and North Koreas on Wednesday to reconnect road and rail links between the two countries are facing construction delays due to the US sanctions put against North Korea over nuclear weapons.

Wed, 26 Dec 2018 12:04:00 GMT

Russia's Putin to meet Lukashenko once again before year-end

On Wednesday, Kremlin's spokesman Dmitry Peskov stated the two leaders of Russia and Belarus were set to meet one again before the year-end after failing to reach an agreement on financial compensation for Minsk.

Wed, 26 Dec 2018 11:38:36 GMT

Belarus, Russia fail on reaching agreement on financial compensation

Russia's President Vladimir Putin and Alexander Lukashenko, his Belarusian counterpart, failed to reach an agreement on a potential financial compensation for Minsk, Kremlin's spokesman announced on Wednensday.

Wed, 26 Dec 2018 10:39:06 GMT

Ex-Sinochem manager jailed for 12 years foe bribery

On Wednesday, China's state TV reported the country's court had sentenced the ex-general managed for Sinochem Group to twelve years in jail for graft.

Wed, 26 Dec 2018 10:36:10 GMT

Sun Corp plans selling Cellebrite's stake

Japan's Sun Corp is planning to sell 50% of its stake in Israel's digital intelligence firm Cellebrite in a potential deal valued at $400M, according to the Israeli financial newspaper.

Wed, 26 Dec 2018 09:39:31 GMT

US ITC to review ruling on iPhone ban

On Wednesday, the US International Trade Commission stated it was set to review whether the ruling on the Qualcomm request for banning some iPhones imports into the US was not in public interest.

Wed, 26 Dec 2018 09:25:49 GMT

South Korean exports seen increasing slowly y/y in December

South Korea's December exports are seen to rise less than in November amid the trade dispute between the United States and China, Reuters' survey showed on Wednesday.

Wed, 26 Dec 2018 08:38:39 GMT

Japan seeks promoting fair and free trade for global economy

On Wednesday, the Japanese Chief Cabinet Secretary Yoshihide Suga vowed that the government would promote the rules that protect fair and free trade for the global economy.

Wed, 26 Dec 2018 08:34:55 GMT

US biotech company Gossamer seeks launching IPO

The US biotech firm Gossamer Bio has filed for an initial public offering on the US Nasdaq with regulators to attract up to $264.5M.

Wed, 26 Dec 2018 07:07:22 GMT

Trump sees FED as only problem in American economy

The President Donald Trump called the Federal Reserve the "single problem" in the US economy, as key officials convened to negotiate an increasing rout in the stock markets caused by Trump's attacks on the country's Central Bank.

Wed, 26 Dec 2018 07:02:43 GMT

Insurance broker Marsh rolls out China desk in UAE

Risk adviser and insurance broker Marsh has launched its China desk in UAE's Dubai, seeking to tap growing commerce among the Middle East, Africa and China, the firm's Regional Chief Executive stated.

Wed, 26 Dec 2018 05:50:22 GMT

Uniper seeks selling French business to EPH

Germany's energy group Uniper has entered the exclusive talks with the central-EU energy group EPH, owned by the Czech billionaire Daniel Kretinsky, to sell its French business, not disclosing the financial details of a potential deal.

Wed, 26 Dec 2018 05:50:11 GMT

Ant Financial plans acquiring Britain's WorldFirst

The finch affiliate of China's e-commerce giant Alibaba, Ant Financial, is in the advance talks to acquire the UK currency exchange company WorldFirst in a potential deal that could be valued at $632.5M, according to Sky News.

Wed, 26 Dec 2018 05:32:26 GMT

Euronext focuses on Oslo SE with $711M bid

Euronext NV, the pan-European exchanges group, is moving on the Oslo Stock Exchange with a $711M proposal, after receiving its shareholders' approval.

Wed, 26 Dec 2018 05:27:10 GMT

US Castlelake to acquire 25 aircraft from AirAsia

The US private investment fund Castlelake is set to acquire 25 planes from Malaysia's budget airline AirAsia Group in a deal worth $768M, the company reported.

Wed, 26 Dec 2018 03:38:43 GMT

Japan to withdrawal from IWC next year

Japan is expected to withdraw from the IWC in a bid to continue commercial whaling in the next year's July, the Japanese government stated on Wednesday.

Wed, 26 Dec 2018 03:36:16 GMT

BoJ divided about easy policy's side effects

Policymakers of the Bank of Japan disagreed on the allowing bond yields to move more flexibly over the Bank's 0% target's feasibility, reflecting division on how to address increasing dangers of prolonged easy policy.

Tue, 25 Dec 2018 21:33:28 GMT

Chinese banking institutions see rise in liabilities, assets

Banking institutions in China saw a 6.3% rise in total liabilities and assets to $27.71 trillion, according to the report by the CBIRC.

Tue, 25 Dec 2018 21:30:20 GMT

Japan to accept workers from abroad under new visas

The government of Japan approved the policy package in order to prepare for foreign workers' acceptance under the new visa system next year.

Tue, 25 Dec 2018 20:28:07 GMT

Turkey increases minimum wage nearly 26%

Turkey is likely to increase the minimum wage by 26% in the year of 2019, for a $381 monthly minimum wage, the Labour Minister stated.

Tue, 25 Dec 2018 20:25:45 GMT

Migrant population in China totals 244.5M last year

China's migrants reached 244.5M in the year of in 2017, 820K less than in the prior year, according to an official report.

Tue, 25 Dec 2018 19:03:21 GMT

Chinese lottery sales grow 10.8% in November

Lottery sales in China grew 10.8% year-over-year to about $6.2B in the month of November, official data revealed on Tuesday.

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