News

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Wed, 27 Dec 2017 05:50:16 GMT

Apple faces lawsuits

After the fraud done by the Apple Company by slowing down old Apple devices, the company faces charges, as already eight lawsuits have been filed in various courts.

Wed, 27 Dec 2017 05:50:06 GMT

Head of Samsung denies charges

Jay Y. Lee, who was seen as the heir to the Samsung empire, has denied the charges of bribing the ex-president of South Korea.

Wed, 27 Dec 2017 05:21:07 GMT

China tells Taiwan to get used to drills

On Wednesday Chinese officials announced to Taiwan that the country will need to get used to Chinese air force doing drills near the Island.

Wed, 27 Dec 2017 05:20:36 GMT

Commodities rally on Wednesday morning

Bullish views on commodity demand in China pushed various commodities like oil and metals to multi year peak prices.

Wed, 27 Dec 2017 04:30:47 GMT

China's regulator to monitor closely surge in chip price

Chinese economic regulator is set to closely monitor a recent gain in the price of mobile storage chips and look into likely price fixing by firms.

Wed, 27 Dec 2017 04:30:18 GMT

Spanish government decides to increase minimum wage

Mariano Rajoy, the Prime Minister of Spain, signed an agreement with companies' and unions' representatives to raise minimum wage by 4% next year.

Wed, 27 Dec 2017 02:56:52 GMT

China's industrial profit growth slows markedly in November

Profits for Chinese industrial firms increased at a sharply weaker pace of 14.9% in November, mainly due to eased demand and slowed producer price gains in the same month.

Wed, 27 Dec 2017 02:56:03 GMT

Hunday Heavy Industries to list Olibank, aiming to raise $1.2B

South Korean firm Hunday Heavy Industries is set to list the company's refining arm Olibank in an initial public offering in 2018 and raise nearly $1.2b via the issue of shares.

Tue, 26 Dec 2017 20:59:17 GMT

Uber sells its auto leasing business to startup Fair.com

Uber Technologies has agreed to sell its US subprime auto-leasing business to startup car marketplace Fair.com.

Tue, 26 Dec 2017 20:59:08 GMT

44 Venezuelan activists released from prison

A rights group reported on Tuesday that Venezuelan authorities had released 44 activists from prison over Christmas, while majority of them remained in prison.

Tue, 26 Dec 2017 20:02:23 GMT

US sanctions two top North Korean ballistic missile officials

The United States on Tuesday sanctioned two top North Korean officials involved in the country's ballistic missile programs.

Tue, 26 Dec 2017 20:02:14 GMT

Elon Musk confirms Tesla pickup truck coming after Model Y

Tesla reported on Tuesday that the company would begin production of its first electric pick-up truck after building the Model Y, which was expected to go into production in late 2019.

Tue, 26 Dec 2017 19:28:18 GMT

Mexico peso under pressure despite currency hedge auctions

Despite the fact that the Central Bank of Mexico sold an additional $500M in foreign exchange hedges on Tuesday, the peso still remained under pressure. 

Tue, 26 Dec 2017 19:22:50 GMT

Bitcoin holds gains after last week's loss

After a dismal and volatile week leading up to Christmas weekend, bitcoin have rebounded strongly gaining 13% on Tuesday.

Tue, 26 Dec 2017 18:21:05 GMT

British navy escorts Russian warship through North Sea

British officials reported on Tuesday that the Royal Navy had escorted a Russian warship through the North Sea near UK waters.

Tue, 26 Dec 2017 18:17:10 GMT

Kremlin reports ready to mediate North Korea and US talks

The Kremlin reported on Tuesday that Russia was ready to act as a mediator between North Korea and the United States if both parties would showed a wish for it to play such a role.

Tue, 26 Dec 2017 17:01:01 GMT

Explosion hits major oil pipeline in Libya

One of Libya's main oil export terminals has been shut down following a blast that reduced the country's output by around 90K barrels a day.

Tue, 26 Dec 2017 16:26:12 GMT

Oil jumps on pipeline explosion in Libya

Oil traded above $65 a barrel on Tuesday, supported by the blast on a crude pipeline in Libya.

Tue, 26 Dec 2017 16:09:35 GMT

Shares of Apple fall amid iPhone X weak demand

Wall Street's indexes dropped on Tuesday following a 2.8% drop in Apple's shares on a report that the demand for the iPhone X could be lower than expectations during the first quarter.

Tue, 26 Dec 2017 16:00:17 GMT

Liberians go to polls in historic

Liberians were choosing a new president on Tuesday in a run-off vote between the Vice-President Joseph Boakai and the former international footballer George Weah.

Tue, 26 Dec 2017 15:30:57 GMT

Timing of Trump-Putin meeting not set yet

Russia's Foreign Minister Sergei Lavrov stated that the timing of the nearest meeting between the President Vladimir Putin and the US leader Donald Trump had not yet been discussed.

Tue, 26 Dec 2017 15:25:33 GMT

Google seeks to open stores in India to bolster sales

Google seeks to boost its Pixel smartphone sales by launching physical stores in India, the Economic Times reported on Tuesday, following a rising demand in over dozen pop-up stores across the country.

Tue, 26 Dec 2017 14:34:11 GMT

Turkey plans to resume Sudan's Red Sea port, build naval lock

Turkey is planning to restore the Ottoman port city located on the Sudanese Red Sea coast and build a naval dock that would maintain military and civilian vessels.

Tue, 26 Dec 2017 14:29:32 GMT

Apple suppliers' shares drop on lower demand forecast

Shares in some of the Apple suppliers in Asia dropped on Tuesday, following analysts' forecasts over iPhone X demand to come in below estimates in the Q1.

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