News

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Tue, 20 Feb 2018 04:32:35 GMT

GM offers debt of $2.2B for equity swap in exchange for Seoul's support

General Motors suggested to convert $2.2B debt owed by ailing South Korea's operation in return for tax benefits and financial support from Seoul.

Tue, 20 Feb 2018 04:31:39 GMT

Samsung to cut OLED panel production amid weak iPhone X demand

Samsung Electronics stated that it would cut output of OLED panels in respond to the company's client Apple decision to slash iPhone X production due to weak demand.

Tue, 20 Feb 2018 02:58:39 GMT

BoE Governor Mark Carney says Bitcoin failed as currency

The Bank of England Governor Mark Carney stated on Monday that the Bitcoin failed as a currency measured by traditional benchmarks.

Tue, 20 Feb 2018 02:56:50 GMT

RBA sees only gradual inflation increase

Official data released on Tuesday showed that the Reserve Bank of Australia expected inflation to accelerate "only gradually", pointing to continued economic strength.

Mon, 19 Feb 2018 21:14:39 GMT

Venezuela's opposition to boycott presidential vote

On Monday, the opposition coalition of Venezuela's leaders appeared likely to boycott the upcoming presidential election, claiming its result will be manipulated by the ruling authorities.

Mon, 19 Feb 2018 20:49:34 GMT

Erdogan and Rouhani discussed developments in Syria

On Monday, the President of Turkey Tayyip Erdogan and the President of Iran Hassan Rouhani exchanged views on developments in Syrian Idlib province and the situation in Afrin region over the phone.

Mon, 19 Feb 2018 19:58:58 GMT

Turkey urges Syrian army to abstain from helping Kurdish YPG

Turkish officials stated that invasion of Syrian government forces into Afrin region to protect Kurdish People's Protection Unit militia will result in confrontation with Turkish military.

Mon, 19 Feb 2018 19:58:23 GMT

EU appoints de Guindos as ECB Vice President

On Monday, the finance ministers of Eurozone chose Spanish Minister of Economics Luis de Guindos as a successor to the Vice President of European Central Bank Vitor Constancio.

Mon, 19 Feb 2018 18:57:34 GMT

UN Secretary General calls for global cyber warfare rules

UN Secretary General Antonio Guterres called for a set of rules to minimise the influence of cyber warfare on the civilian population due to the growing scale of cyber crimes around the world.

Mon, 19 Feb 2018 18:55:57 GMT

Deripaska to step down from EN+ and Rusal

Russian industrial tycoon Oleg Deripaska plans to quit the president roles at energy-related company EN+ Group and Russian aluminium giant Rusal which he currently controls. 

Mon, 19 Feb 2018 17:56:30 GMT

LSE and ICE compete over Libor replacement

On Monday, the British Bourse said that the London Stock Exchange is ready to set up a contract to compete with InterContinental Exchange to replace Libor by 2021.

Mon, 19 Feb 2018 17:54:50 GMT

Powell appoints two senior advisers

The Wall Street Journal reported the newly-appointed Fed Chair Jerome Powell had named Jon Faust and Antulio Bomfim as senior advisers to the Federal Reserve.

Mon, 19 Feb 2018 16:00:49 GMT

Guterres concerned about conflict between Israel and Hezbollah

On Monday, the UN Secretary-General Antonio Guterres expressed his concerns over the possibility of a direct conflict escalation between Israel and Hezbollah.

Mon, 19 Feb 2018 16:00:27 GMT

Trump supports effort to better gun background checks

Following a shooting at a Florida school last week, the US President Donald Trump said he supported efforts to better the federal background check system.

Mon, 19 Feb 2018 15:19:30 GMT

Russia, Turkey, Iran to prepare Syrian summit

The Foreign Ministers of Turkey, Russia and Iran are set to meet in two weeks in Kazakhstan to lay the ground for the Syrian summit in Istanbul.

Mon, 19 Feb 2018 14:58:39 GMT

Deutsche Bank to phase out 250 jobs

Deutsche Bank is cutting 250 investment banking job positions in the United States, London and other locations, saying the figure could increase to 500.

Mon, 19 Feb 2018 14:33:54 GMT

Erdogan in talks with Putin over Syrian observation posts

On Monday, the Russian and Turkish leaders Vladimir Putin and Tayyip Erdogan discussed in a phone call the process of building new observation posts in Syria's Idlib.

Mon, 19 Feb 2018 14:31:46 GMT

Duterte invited to visit Kuwait amid workers row

According to the local news agency KUNA, Kuwait invited the Philippine President Rodrigo Duterte to visit, as both countries want to settle the differences over migrant workers row.

Mon, 19 Feb 2018 13:34:47 GMT

New British party seeks to stop Brexit

Britain's new political party that was inspired by the French leader Emmanuel Macron's rise to power had launched a campaign aimed to overturn the Brexit.

Mon, 19 Feb 2018 13:31:02 GMT

Singapore to look closer at Uber, ComfortDelGro tie-up

On Monday, Singapore competition commission stated it would do an in-depth evaluation of the Uber and ComfprtDelGro tie-up, following an initial review.

Mon, 19 Feb 2018 12:34:22 GMT

Britain sets up vision for future partnership with EU

The PM Theresa May's spokesman stated on Monday that Britain was setting up its vision for the future ties with the European Union.

Mon, 19 Feb 2018 12:15:17 GMT

Euro zone FinMins likely to back Guindos to succeed ECB's VP

The Euro zone's Finance Ministers are likely to choose Spain's Economy Minister Luis de Guindos on Monday to succeed the ECB Vice President Vitor Constancio in three months.

Mon, 19 Feb 2018 11:22:06 GMT

Dutch government check-up reveals 72 errors in tax deals

On Monday, the Dutch Finance Ministry said its review revealed 72 errors in recent tax deals offered to international firms.

Mon, 19 Feb 2018 11:20:57 GMT

Euro zone's current account surplus narrows in December

According to the data released by the ECB on Monday, the Euro zone's current account surplus stood at €29.9B in December compared with the surplus of €35.0B registered in November.

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