News

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Fri, 16 Mar 2018 12:17:55 GMT

JD.com's finance arm seeks to attract $1.9B to double valuation

The finance unit of JD.om is willing to raise around $1.9B in fresh equity that is likely to double the company's value to more than $20B from the last year.

Fri, 16 Mar 2018 12:12:43 GMT

Birmingham seeks clarity from Uber to renew licence

The UK city Birmingham is calling on Uber for further details on the ride-hailing business model before it makes a decision whether to resume its licence.

Fri, 16 Mar 2018 11:11:14 GMT

IMF: Angola's growth prospects boosted by oil prices, policy changes

According to the International Monetary Fund, the Angolan economy was expected to grow by 2.25% year-on-year, being boosted by higher oil prices and more robust policies.

Fri, 16 Mar 2018 11:02:18 GMT

Tiffany beats revenue, earnings forecasts in Q4

The luxury jewellery retailer Tiffany & Co. reported on Friday better-than-expected earnings and revenue of $61.9M and $1.33B, respectively, during the fiscal fourth quarter.

Fri, 16 Mar 2018 10:34:19 GMT

CK Hutchison's Li Ka-shing retires as chairman

The richest man of Hong Kong Li Ka-shing is eager to retire as CK Hutchison's chairman, following the annual general meeting planned to be held on May 10.

Fri, 16 Mar 2018 10:33:03 GMT

Russia to extend its black list of Americans amid sanctions

According to Russia's Deputy Minister Sergei Ryabkov, Moscow is planning to expand its black list of the US officials in retaliation against the newly imposed sanctions.

Fri, 16 Mar 2018 09:34:58 GMT

Australia, ASEAN reject protectionism due to US trade war fears

According to the PM Malcolm Turnbull, Australia and the ASEAN has rejected protectionism amid their fears about a presumable trade war sparked by the US plans to lift aluminium and steel tariffs.

Fri, 16 Mar 2018 09:31:00 GMT

Russia to expel UK diplomats in tit-for-tat move

On Friday, Russia's Foreign Minister Sergei Lavrov stated that Moscow was planning to expel British diplomats in retaliation against London's decision to remove 23 staff at Russia's embassy in the UK.

Fri, 16 Mar 2018 08:31:47 GMT

Steve Wynn considers selling his stake in Wynn Resorts

Steve Wynn, the casino mogul and the ex-CEO of Wynn Resorts, is likely to sell his 11.8% stake he holds in the company, following his resignation amid sexual harassment scandal last month.

Fri, 16 Mar 2018 08:27:50 GMT

Trump to fire his Security Adviser McMaster

According to the Washington Post, the US President Donald Trump is eager to replace the National Security Adviser H.R. McMaster; however, the replacement will not be made immediately.

Fri, 16 Mar 2018 07:18:55 GMT

Adobe shares surge on higher software subscriptions

Shares in Adobe Systems rose 3.5% to $226.5 on Thursday, after the company reported better-than-expected revenue and profit, driven by the stronger subscriptions for the Creative Cloud software suit.

Fri, 16 Mar 2018 07:18:02 GMT

China likely to adopt German rules on automotive cars

China's government is considering adoption of Germany's laws and guidelines on the issue regarding the self-driving vehicles use, saying that German automakers could also benefit from such a move.

Fri, 16 Mar 2018 06:08:51 GMT

Sri Lanka lifts Facebook ban

Sri Lanka's officials revealed they had lifted the Facebook ban, which was imposed on the social network on allegations of it being used to spur violence.

Fri, 16 Mar 2018 06:07:52 GMT

India's regional party withdraws from Modi's coalition

India's regional political party decided to withdraw from the country's PM Narendra Modi's coalition on the back of a row over the provision of financial aid to a state the regional party is governing.

Fri, 16 Mar 2018 05:03:17 GMT

New BoJ leadership approved

On Friday, the Japanese government's Lower House Speaker Tadamori Oshima said the state's parliament had approved new BoJ's leadership.

Fri, 16 Mar 2018 05:02:26 GMT

Mattis says Tillerson's firing is "Washington, D.C., story"

The US Defence Secretary Jim Mattis called the firing of the country's Secretary of State Rex Tillerson a "Washington, D.C., story".

Fri, 16 Mar 2018 04:34:47 GMT

Nike's brand president to retire in August

The President of Nike Trevor Edwards has resigned and is likely to retire in August, while the company is set to probe workplace complaints, a spokesman stated.

Fri, 16 Mar 2018 04:31:42 GMT

Uber, Toyota in talks over self-driving technology

Yber Technology was negotiating the possibility of installing the company's self-driving system in Toyota vehicles, seeking to sell the technology to other companies.

Fri, 16 Mar 2018 03:20:26 GMT

Leshi shares plunge 10% amid chairman resignation

On Friday, shares of Leshi Internet Information & Technology dropped 10% after its chairman Sun Hongbin announced his resignation.

Fri, 16 Mar 2018 03:18:47 GMT

Leshi shares plunge 10% amid chairman resignation

On Friday, shares of Leshi Internet Information & Technology dropped 10% following its chairman Sun Hongbi announced his resignation.

Fri, 16 Mar 2018 03:15:52 GMT

New Zealand manufacturing activity slows last month

Business NZ reported that its PMI for the manufacturing sector dropped to 53.4 in February from the prior month's 54.4.

Thu, 15 Mar 2018 21:03:55 GMT

Ford to shift to SUV production to improve its profits

Ford Motor Co executives stated that the company is planning to shift its market portfolio from passenger vehicles to SUVs, including hybrid and EV cars, aiming to improve its profit.

Thu, 15 Mar 2018 21:03:00 GMT

UK tells NATO that nerve gas attack concerns whole organisation

Mark Sedwill, the National Security Adviser of the UK, said during his statement at NATO headquarters that the attack on a former Russian double agent is an issue for the whole alliance. 

Thu, 15 Mar 2018 20:04:19 GMT

Facebook Lite to launch on developed markets

On Thursday, Facebook Inc claimed that it will release Facebook Lite, the company's data-conserving Android application for emerging markets, in developed states as well. 

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