News

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Fri, 02 Mar 2018 12:53:45 GMT

JD.com shares plunge on lower profits

Shares in the Chinese second-biggest e-commerce company JD.com tumbled 7% on Friday after the firm posted a lower-than-expected Q4 profits.

Fri, 02 Mar 2018 12:17:17 GMT

Angry Birds' head of games Taht leaves office

On Friday, the "Angry Birds" maker Rovio stated the head of games Wilhelm Taht was set to leave, after the Finnish firm had announced a profit warning, sending its shares down 50%.

Fri, 02 Mar 2018 12:08:04 GMT

SAIC, Infineon set up JV over e-vehicle power modules

China's automaker SAIC Motor and Germany's chipmaker Infineon Tech will form a joint venture to produce power modules for the electric car market in China.

Fri, 02 Mar 2018 11:10:28 GMT

UK construction PMI beats estimates

According to the data released by Markit on Friday, the UK's construction PMI for February stood at 51.4, beating analysts' expectations for a 50.5-point reading.

Fri, 02 Mar 2018 11:10:08 GMT

German retail sales drop 0.7% in January

Data released by Destatis revealed that Germany's retail sales slid 0.7% in January, following an upwardly-revised drop of 1.1% registered in the preceding month and missing economists' expectations for a 0.8% uptick.

Fri, 02 Mar 2018 10:34:28 GMT

France's plans on jobless benefits' extension to cost €180M

The French Labour Minister Muriel Penicaud said Emmanuel Macron's plans over the unemployment benefits expansion for people resigning from their job position would cost €180M annually.

Fri, 02 Mar 2018 10:28:11 GMT

GM South Korea plants to cut 5K jobs

General Motors' plants are set to phase out 5K job positions in South Korea, keeping production at the current level, if Seoul approves its $2.8B loss-making operation proposal.

Fri, 02 Mar 2018 09:29:58 GMT

Bosch hires SAP's expert in "Internet of things"

The world's largest automotive supplier Robert Bosch hired an "Internet of things" expert Tanja Rueckert from the business software developer SAP, who is set to join the firm on July 1.

Fri, 02 Mar 2018 09:26:59 GMT

Former PM Sarkissian becomes Armenia's President

On Friday, the Armenian Parliament elected the former Prime Minister Armen Sarkissian as the new President of the country to serve a term of seven years.

Fri, 02 Mar 2018 08:31:55 GMT

Renault's Ghosn says mergers within alliance possible

Renault's Chief Executive Carlos Ghosn did not exclude the possibility of mergers within the Renault-Mitsubishi-Nissan alliance, but stated it was not an objective.

Fri, 02 Mar 2018 08:26:06 GMT

Toyota to form $2.8B JV for self-driving R&D

On Friday, Toyota Motor said it would form a $2.8B joint venture with the group companies Aisin Seiki and Denso for the researching and developing self-driving technology.

Fri, 02 Mar 2018 07:33:13 GMT

GM sales in South Korea drop amid shuttering plant

General Motors' sales in South Korea plunged 19% to 36,725 cars in February, following the US carmaker's decision to close one of its plants in the country.

Fri, 02 Mar 2018 07:31:11 GMT

China seeks building larger aircarft carriers

China is set to build bigger aircraft carriers, as the country has mastered its technical abilities to do so, following the President Xi Jinping's promise to turn the Chinese military into the worldclass fighting force by 2050.

Fri, 02 Mar 2018 06:23:13 GMT

Peru to declare oil pipeline "strategic asset"

In an interview with Reuters, the Peruvian Cabinet spokesperson revealed the country was going to declare its only oil pipeline a "strategic asset" and enable military to protect it from vandals.

Fri, 02 Mar 2018 06:22:28 GMT

Kuroda dismisses early rate hike

On Friday, Haruhiko Kuroda, the BoJ Governor, ruled out a possibility of raising the central bank's long-term interest rate target before inflation hits 2%.

Fri, 02 Mar 2018 05:07:18 GMT

Kuroda to focus on achieving 2% inflation target

The Governor of the Bank of Japan Haruhiko Kuroda stated on Friday that he would guide the country's monetary policy with a particular focus on reaching the BoJ's 2% inflation goal.

Fri, 02 Mar 2018 05:07:05 GMT

Registration for new parties begins in Thailand

On Friday, Thailand's Election Commission began the registration for new political parties, marking the first official political activity allowed in the state since the coup in 2014.

Fri, 02 Mar 2018 04:34:36 GMT

Facebook finishes split News Feed test

Facebook announced that it finished the test that split the News Feed in two to check how users consumed news in six countries.

Fri, 02 Mar 2018 04:31:28 GMT

South Korea to nominate new BoK chief

The President of South Korea Moon Jae-in is anticipated to nominate the central bank's new chief next on Monday next week.

Fri, 02 Mar 2018 03:03:18 GMT

Japanese unemployment rate falls unexpectedly in January

Official data released on Friday showed that the Japanese unemployment rate dropped to 2.4% in January, whereas analysts expected it to remain unchanged at 2.8%.

Fri, 02 Mar 2018 03:02:17 GMT

Japanese unemployment rate falls unexpectedly

Official data released on Friday showed that the Japanese unemployment rate dropped to 2.8% in January, whereas analysts expected it to remain unchanged at 2.8%.

Fri, 02 Mar 2018 02:59:21 GMT

Tokyo core consumer prices rise 0.9% last month

The Statistics Bureau reported that its core CPI for Tokyo rose 0.9% year-on-year in February, following the prior month's increase of 0.7% and surpassing analysts' expectations for a 0.8% climb.

Thu, 01 Mar 2018 21:21:44 GMT

P&G cuts digital advertising spend by $200M last year

Procter & Gamble stated that the company cut digital ad spending by $200M in 2017, as reports showed that its advertisements ailed to reach the target audience effectively.

Thu, 01 Mar 2018 21:21:02 GMT

DowDuPont expects $4.5B record sales in agriculture division

Chemical business DowDuPont stated that it anticipated the company's agriculture division to post record sales of $4.5B amid recent and further product launches.

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