News

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Sat, 25 Nov 2017 14:52:41 GMT

Maire surprised about Nestle's job cuts in France

The French Finance Minister Bruno Le Maire expressed his surprise about Nestle's plans to cut 450 jobs at its research plant near Nice which benefited from research tax credit.

Sat, 25 Nov 2017 13:58:08 GMT

Merkel hopes for quick formation of new government

The German Chancellor Angela Merkel explained on Saturday that Europe needed strong Germany; thus, it was necessary to form the new government quickly.

Sat, 25 Nov 2017 13:55:24 GMT

Crisil: lending to SMEs in India likely to increase by 11% until 2020

Lending to small- and medium-sized enterprises in India is expected to grow 11% over the next two years, as reported by the rating agency Crisil.

Sat, 25 Nov 2017 12:57:01 GMT

Maire believes NF's account closures are justified

The French Finance Minister Bruno Le Maire noted on Saturday that bank account closures for members of the far-right National Front seemed to be justified.

Sat, 25 Nov 2017 12:54:40 GMT

Chinese companies to build metro line in Kiev, Ukraine

China Railway International Group and China Pacific Construction Group signed an agreement with the mayor of Kiev for the construction of a subway line worth $2B.

Sat, 25 Nov 2017 11:56:01 GMT

HP reports $2.3B profit in fiscal 4Q17

Hewlett Packard Enterprise reported a gross profit of $2.3B during the fourth quarter of its fiscal year, while operating profit was down 1.0% year-on-year.

Sat, 25 Nov 2017 11:54:36 GMT

Zimbabwe's Chombo faces court on Saturday

The former Finance Minister of the Republic of Zimbabwe Ignatius Chombo appeared in court this Saturday to face charges of abuse-of-power and corruption.

Sat, 25 Nov 2017 11:38:59 GMT

Oi names new CEO ahead of meeting with creditors

Oi SA has appointed new interim CEO Eurico Teles, replacing Schroeder, who has resigned just a few weeks ahead of the crucial meeting with company's creditors.

Sat, 25 Nov 2017 11:38:24 GMT

MUFG to cooperate with Chinese banks amid tighter regulations

Mitsubishi UFJ Financial Group was aiming to cooperate with Chinese regional banks and was planning to hire additional risk and compliance employees amid tighter regulations.

Sat, 25 Nov 2017 11:04:04 GMT

Bangladesh, Myanmar to accept UNHCR assistance

Myanmar and Bangladesh have agreed to get the UN refugee agency's assistance for the repatriation of the hundreds of thousands of Rohingya Muslims.

Sat, 25 Nov 2017 11:03:30 GMT

South Africa to strengthen fiscal framework amid debt rating cut

According to South African Finance Minister, the country would use the annual budget of 2018 to outline decisive policy to strengthen the fiscal framework after S&P has cut its debt rating.

Sat, 25 Nov 2017 10:07:18 GMT

Amazon.com founder's net worth breaks $100B

The Amazon.com founder Bezos' fortune increased to $100.3B and he became the richest person in the world, as shares of the online retailer inched 2% higher after Black Friday sales.

Sat, 25 Nov 2017 10:04:47 GMT

Militants kill at least 230 at mosque in Egypt

Militants have killed at least 230 people at North Sinai's mosque, gunning down worshippers after bomb detonation, the deadliest attack in the modern history of Egypt.

Sat, 25 Nov 2017 08:20:17 GMT

Syria's opposition names new chief negotiator

The main opposition group of Syria has chosen a new chief negotiator, just a few days ahead a new round of the UN-backed peace talks in Geneva on November 28.

Sat, 25 Nov 2017 08:15:33 GMT

Trump picks White House Budged Director

The US President Trump has named the White House Budget Director Mulvaney, Consumer Financial Protection Bureau's acting director, until the permanent director is confirmed.

Sat, 25 Nov 2017 07:01:03 GMT

SPD to build coalition with Merkel's conservatives

Members of German SPD were looking forward the approval of the renewed coalition with Chancellor Merkel's conservatives as soon as the convincing proposal is presented.

Sat, 25 Nov 2017 06:59:39 GMT

Chinese financial regulator to terminate unqualified micro-lenders activity

Chinese National Internet Finance Association has issued a risk warning letter urging the unqualified institutions to stop lending loans to fend off financial risks.

Sat, 25 Nov 2017 06:19:46 GMT

Oi CEO resigns as vote over restructuring nears

The largest shareholder of Oi stated that its CEO resigned as the Brazil's telecommunications company entered a crucial phase in the bankruptcy proceeding.

Sat, 25 Nov 2017 06:19:04 GMT

BoJ Suzuki sees room to fine-tune YCC

BoJ's Hitoshi Suzuki pointed to a room to negotiate a fine-tuning of the Bank's yield curve control policy, fuelling chances of the rate hike before inflation meets its target.

Sat, 25 Nov 2017 05:15:14 GMT

Japan to spend nearly $17B to subsidize education

The Japanese government is likely to set aside around $17.93B to subsidize costs of education and enhance elderly care within an economic stimulus package due next month.

Sat, 25 Nov 2017 05:11:03 GMT

JP Morgan rents extra space in Frankfurt in response to Brexit

JP Morgan was the latest bank to respond to the UK looming quit from the EU by renting additional office space in Frankfurt, Germany, to accommodate more of its staff.

Sat, 25 Nov 2017 04:28:32 GMT

Brands abandon YouTube ads over children's images

Mondelez, Mars, Lidl and consumer goods makers scaled back ads from YouTube after clips of scantily dressed children were shown alongside the advertising of the main brands.

Sat, 25 Nov 2017 04:25:26 GMT

US regulator to sue Santander Bank on auto loans

The US consumer watchdog was preparing to sue Santander Bank, alleging that the Spain's bank overcharged borrowers over auto loans, sources said.

Sat, 25 Nov 2017 03:32:31 GMT

TransCanada regains 44K gallons of oil from spill site of Keystone pipeline

TransCanada stated that it recovered more than 1K barrels or 44K gallons of oil from a spill site of the Keystone pipeline in the city of Amherst, South Dakota.

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