News

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Fri, 27 Apr 2018 06:27:43 GMT

TSMC plans $14B investment to expand R&D at Hsinchu facility

The biggest contract chipmaker in the world, Taiwan Semiconductor Manufacturing Co, is set to invest $13.50B in its R&D capacity to expand future technologies at the Hsinchu production facility.

Fri, 27 Apr 2018 05:20:35 GMT

Airbus posts lower Q1 profit

Airbus reported on Friday a 12% fall in revenues that was mainly attributed to lags in engine deliveries and also announced its decision to cut A330 deliveries to approximately 50 jets per year due to low demand.

Fri, 27 Apr 2018 05:07:18 GMT

North and South Korea's leaders meet in demilitarization zone

The President of South Korea Moon Jae-in met on Friday with his North Korean counterpart Kim Jong Un within the framework of historical peace summit that was organized for the first time in ten years.

Fri, 27 Apr 2018 04:23:39 GMT

Peruvian court rules to free Humala

The Supreme court of Peru ruled on Friday to that the country's former President Humala must be released from prison where they have been locked up for the last nine months anticipating court trial over money laundering.

Fri, 27 Apr 2018 04:17:49 GMT

BOJ keeps Policy Rate at -0.10%

The Bank of Japan did not announce any changes to its monetary policy on Friday leaving near term interest rate and minus 0.1% and inflation forecast for next fiscal year at 1.8%.

Fri, 27 Apr 2018 02:54:36 GMT

Chinese industrial profits up 3.1% in March

Profits earned by Chinese industrial businesses were 3.% higher in March, slowing significantly from the previously seen growth pace, the statistics bureau stated.

Fri, 27 Apr 2018 02:54:26 GMT

China's Li open to trade talks with US

China was open to start negotiations with the US to resolve trade disputes, with the country's Premier Li Keqiang noting that the conflict should be managed through dialogue.

Fri, 27 Apr 2018 02:34:33 GMT

Japan's retail sales rise less than expected in March

Japan's retail sales grew 1.0% year-over-year in March, missing expectations for a 1.7% increase, in a setback to hopes for stronger consumer spending.

Fri, 27 Apr 2018 02:33:49 GMT

Japan factory production beats expectations in March

Japanese industrial output increased more than anticipated 1.2% in March, following a 2.0% gain in the prior month, government data revealed.

Thu, 26 Apr 2018 20:23:42 GMT

Intel results beat analysts estimates

On Thursday, Intel Corp beat profit and revenue expectations for the first quarter of 2018 due to the higher demand for personal computers and data centers chips.

Thu, 26 Apr 2018 20:13:20 GMT

Nintendo appoints new Chief Executive

On Thursday, Japanese consumer electronics and video game company Nintendo Co Ltd announced that 46-year-old Shuntaro Furukawa is appointed as a new company's Chief Executive Officer. 

Thu, 26 Apr 2018 19:27:25 GMT

Ireland claims Brexit-border issue needs to be solved by June

On Thursday, the Prime Minister of Ireland Leo Varadkar stated that the EU and Britain must take the next step in post-Brexit border negotiations and finalise the Irish border issue by June.

Thu, 26 Apr 2018 19:23:20 GMT

Pompeo becomes new US Secretary of State

On Thursday, the US Senate stated that a former CIA Director and Trump loyalist Mike Pompeo is appointed as a new US President Donald Trump's Secretary of State 

Thu, 26 Apr 2018 18:26:14 GMT

UK Interior Minister has no plans to quit

On Thursday, the Interior Minister of the UK Amber Rudd said that she has no plans to resign after a wave of criticism for giving statements about achieving targets for migrants deportation.

Thu, 26 Apr 2018 18:21:57 GMT

Ex-HSBC executive sentenced to 2 years over currency exchange fraud

On Thursday, a former head of HSBC's foreign exchange trading desk Mark Johnson was sentenced to two years for defrauding Cairn Energy Plc in $3.5B currency trade.

Thu, 26 Apr 2018 17:15:42 GMT

France and Germany sign agreement on weapons developments

On Thursday, French and German officials signed the documents that suggest the joint development of the new weapon systems, including a fighter jet and maritime airborne warfare aircraft.

Thu, 26 Apr 2018 17:02:11 GMT

Tesla VP of autopilot joins Intel

On Thursday, Tesla Inc's spokesman said that Vice President of low-voltage hardware and autopilot Jim Keller is leaving the company to join Intel Corp to lead silicon engineering.

Thu, 26 Apr 2018 16:25:16 GMT

New York Times appoints new CFO

On Thursday, The New York Times appointed company's veteran Roland Caputo as the next Chief Financial Officer, succeeding James Follo who announced his retirement in May. 

Thu, 26 Apr 2018 16:18:51 GMT

Trump to visit UK in July

On Thursday, the spokesman of the White House Sarah Sanders claimed that the US President Donald Trump is planning to visit the UK on July 13 after the first planned trip was canceled in January.

Thu, 26 Apr 2018 14:56:40 GMT

ConocoPhillips beats profit estimates in Q1Y2018

The oil producer ConocoPhillips reported on Thursday a better-than-expected profit of $888M during the first quarter of 2018, boosted by reduced costs and rising crude prices.

Thu, 26 Apr 2018 14:56:23 GMT

ECB's Constancio: banks healthy, but further reduction of NPLs still necessary

The ECB Vice President Vitor Constancio said European banks had managed to reduce the amount of non-performing loans, but further progress was still necessary.

Thu, 26 Apr 2018 14:32:13 GMT

Berkshire Hathaway, Richline tie-up with IBM over blockchain tech

The diamond and gold firms, including Richline Group and Berkshire Hathaway, teamed up with IBM, as their seek to develop blockchain platform to track the jewellery origin and determine whether it is ethically sourced.

Thu, 26 Apr 2018 14:21:46 GMT

US initial jobless claims drop 24K last week

The number of applications for US unemployment benefits tumbled 24K to 209K in the week ending April 21, following the prior month's 233K reading, while analysts anticipated a slide to 230K.

Thu, 26 Apr 2018 13:39:02 GMT

Brazil's shoemaker Dass likely to cancel IPO amid weak demand

Brazil's shoemaker Dass Nordeste Calçados e Artigos Esportivos is likely to cancel its planned initial public offering due to weak demand, according to sources familiar with the issue.

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