News

Note: This section contains information in English only.
Tue, 27 Feb 2018 12:33:26 GMT

ASMALLWORLD plans to list on SIX Swiss Exchange

On Tuesdaym the Swiss social network operator ASMALLWORLD stated it planned a listing on the SIX Swiss Exchange in weeks, adding it was not intending to sell new shares.

Tue, 27 Feb 2018 10:55:12 GMT

HNA Capital to lead two investment funds for Road and Belt initiative

The Chinese HNA Capital is set to lead two investment funds worth 20 billion yuan intended to finance projects in China and Southeast Asia linked to the Belt and Road initiative.

Tue, 27 Feb 2018 10:53:14 GMT

Norway's $1T wealth fund doubles return in 2017

Norges Bank Investment Management, the world's largest sovereign wealth fund, gained a return of 13.7% in 2017, compared to 6.9% year-on-year, due to strong global stock market.

Tue, 27 Feb 2018 10:33:19 GMT

Disney head Iger declines commenting Comcast's bid

Walt Disney's Chief Executive Bob Iger declined to comment on Tuesday on Comcast's $31B offer for the EU pay-TV group Sky.

Tue, 27 Feb 2018 09:33:24 GMT

Exxon Mobil to close LNG plant in Papua New Guinea

Exxon Mobil is set to shut the liquefied natural gas plant in Papua New Guinea for at least a week to inspect the factory for any facility damage, following a strong earthquake in the area.

Tue, 27 Feb 2018 09:27:50 GMT

Thailand's election to take place no later than February 2019

On Tuesday, Thai PM Prayuth Chan-ocha stated that the country's general election would be held no later than the next year's February, following his promise to conduct it in November.

Tue, 27 Feb 2018 08:33:16 GMT

Comcast offers $31B to acquire pay-TV group Sky

The US biggest cable operator Comcast offered $31B to buy the EU pay-TV group Sky, challenging Rupert Murdoch's Fox, which had already agreed to acquire the company.

Tue, 27 Feb 2018 08:31:04 GMT

Wisconsin Governor sued over special elections

On Monday, the former US Attorney General Eric Holder filed a sue against the Wisconsin Governor Scott Walker for not calling special elections for vacant seats in the legislature, allegedly violating the law.

Tue, 27 Feb 2018 07:21:41 GMT

Singapore proposes law to deal with terror attacks

Singapore proposed new measures on Tuesday, seeking to bar communications in the area of terror attacks by preventing witnesses from taking photos and videos of an incident.

Tue, 27 Feb 2018 07:18:00 GMT

South Korean ex-President Park may face 30-year jail term

On Tuesday, South Korea's prosecutors sought a 30-year term in prison for the former President Park Geun-hye, after she had been ousted due to an influence-peddling row last year.

Tue, 27 Feb 2018 06:00:20 GMT

Punjab National Bank's shares plunge, as scam costs add up to nearly $2B

The shares of India's Punjab National Bank fell 8.9% late on Monday after announcing that the cost of fraudulent transactions could add $204M to the previously-reported $1.77B.

Tue, 27 Feb 2018 05:51:48 GMT

IEA: US will overtake Russia as biggest oil producer by 2019

According to the International Energy Agency, the United States is set to overtake the Russian Federation as the global leader in oil production by 2019.

Tue, 27 Feb 2018 05:18:28 GMT

BOK keeps rates on hold, Governor warns about US protectionism

The Bank of Korea kept interest rates unchanged on Tuesday, while the Governor Lee Ju-yeol warned about US protectionism having impact on the country's car and steel industries.

Tue, 27 Feb 2018 05:11:04 GMT

Lagarde: global growth strong, but new challenges ahead

The Managing Director of the IMF Christine Lagarde said the global economy showed broad-based growth with a shift towards trade dispute risks and technological advances. 

Tue, 27 Feb 2018 04:29:02 GMT

China spends $279B on R&D last year

Chinese total spending on the country's research and development is expected to hit $279B in 2017, making a 14% rise year-on-year, China's Science Minister stated.

Tue, 27 Feb 2018 04:28:18 GMT

Qantas, American Airlines re-seek US approval for joint venture

Qantas Airways and American Airlines were making their second attempt to gain the US regulatory permission for the joint venture, which would allow to coordinate schedules and prices.

Tue, 27 Feb 2018 03:31:34 GMT

Amazon launches delivery service for Australian merchants

On Tuesday, Amazon reported that it launched an in-house delivery service for third-party sellers in Australia.

Tue, 27 Feb 2018 03:28:36 GMT

Asian shares gain ahead of Powell testimony

Asian shares continued to trade in the green territory on Tuesday, hitting their three-week high as US borrowing costs eased ahead of the Fed Chairman Jerome Powell's first testimony.

Mon, 26 Feb 2018 21:18:14 GMT

Cryptocurrency startup Circle acquires crypto exchange Poloniex

A cryptocurrency blockchain startup Circle, backed by Goldman Sachs and Baidu, has acquired one of the major cryptocurrency exchange platforms Poloniex, as it wants to secure its position as the market leader.

Mon, 26 Feb 2018 21:06:31 GMT

Martin Shkreli to be held responsible for $10.4M in loses

The former head of the US drug company Martin Shkreli will be held accountable for $10.4M in loses after he was sentenced for defrauding investors in two hedge funds which he ran.

Mon, 26 Feb 2018 20:21:49 GMT

UN Secretary of General calls to get rid of nuclear weapons

The UN Secretary General Antonio Guterres called to develop a new global doctrine to eliminate nuclear arms, adding that many countries still wrongly believe that nuclear weapons make the world safer.

Mon, 26 Feb 2018 20:01:23 GMT

Bank of America to open 500 new branches

On Monday, Bank of America Corp stated that it is planning to open 500 new branches across the US in the nearest four years, as BofA continues investing in digital and physical enhancements.

Mon, 26 Feb 2018 19:02:35 GMT

Botswana blames Kabila for Congo crisis

In a statement released today, Botswana's Ministry of International Affairs blamed Congo's humanitarian and security crisis on the country's President Joseph Kabila.

Mon, 26 Feb 2018 19:01:52 GMT

Spanish Economy Minister: EZ banks should curb bad loans

On Monday, the Economy Minister of Spain Luis De Guindos said Euro zone banks should speed up the cutback of bad loans on their balance sheets.

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