News

Note: This section contains information in English only.
Thu, 01 Mar 2018 04:08:25 GMT

Best Buy to shut small mobile phone stores in US

The US leading consumer electronic retailer Best Buy stated that it would close 250 small stores in the country, aiming to become more profitable and remain competitive.

Thu, 01 Mar 2018 04:07:32 GMT

Microsoft to purchase solar power from Singapore's Sunseap

Microsoft Corp stated it is set to purchase solar power from Sunseap in Singapore, the company's first deal on renewable energy in Asia.

Thu, 01 Mar 2018 02:52:25 GMT

Caixin PMI hits 51.6 last month

Markit reported that its Caixin PMI for the Chinese manufacturing sector rose to 51.6 in February from the preceding month's 51.5, surpassing expectations for a decrease to 51.3.

Thu, 01 Mar 2018 02:51:34 GMT

Australia private capital expenditure falls unexpectedly in Q4 2017

The ABR reported on Thursday that total private capital expenditure dropped 0.2% in the Q4 of 2017, after climbing 1.9% in the prior quarter, while analysts anticipated an increase of 1.0%.

Wed, 28 Feb 2018 21:19:19 GMT

Japan and EU plan to finalise trade agreement before Brexit

EU and Japan officials claimed that both sides are rushing to finalise the new trade agreement between European Union and Japan, hoping to prepare it by 2019 before Brexit.

Wed, 28 Feb 2018 21:01:18 GMT

US and EU officials to discuss Iran nuclear deal in Berlin

On Wednesday, a Foreign Ministry of Germany stated that US and European officials are planning to organise a meeting in Berlin in the next month to discuss 2015 Iran nuclear deal. 

Wed, 28 Feb 2018 20:11:34 GMT

Marshall Islands to launch its own cryptocurrency

According to one of the Marshall Islands officials, the country is planning to release its own sovereign cryptocurrency called SOV that will serve as an official legal tender. 

Wed, 28 Feb 2018 20:01:43 GMT

Spotify files for $1B IPO

On Wednesday, Sweden-based music streaming platform Spotify filed for $1B initial public offering with the U.S. Securities and Exchange Commission, preparing to list shares on NYSE.

Wed, 28 Feb 2018 19:17:30 GMT

US crude oil inventories rise three million barrels last week

The US Energy Information Administration reported on Wednesday that domestic crude oil inventories rose by three million barrels for the week ended 23 February.

Wed, 28 Feb 2018 19:16:55 GMT

Senate approves Trump's Federal Trade Commission nominees

On Wednesday, the spokesperson of the US Senate Commerce Committee said that the panel had approved four Trump's candidates for the posts at the Federal Trade Commission.

Wed, 28 Feb 2018 18:04:01 GMT

US January pending home sales drop 4.7%

According to the data released by the US National Association of Realtors, pending home sales tumbled 4.7% for the month of January, missing analysts' expectations for a 0.4% uptick.

Wed, 28 Feb 2018 18:03:32 GMT

Chicago PMI slips to 61.9 in February

The Institute for Supply Management reported that its Chicago PMI slid to 61.9 over the course of February from 65.7-point reading registered in the preceding month.

Wed, 28 Feb 2018 17:08:58 GMT

US Q4 GDP in line with projections

The US Bureau of Economic Analysis said on Wednesday that the country's Q4 GDP expanded at a quarterly rate of 2.5%, in line with forecasts.

Wed, 28 Feb 2018 17:08:29 GMT

Canadian RMPI beats estimates in January

Data released by Statistics Canada revealed the country's raw materials price index surged 3.3% in January, topping analysts' expectations for a 1.8% increase.

Wed, 28 Feb 2018 16:21:15 GMT

Euro area yearly CPI down to 1.2%

According to the preliminary data released by Eurostat, Euro zone's inflation edged slightly lower in February, coming in at an annualised growth pace of 1.2%.

Wed, 28 Feb 2018 16:20:34 GMT

Swiss KOF economic barometer jumps to 108.0 in February

The KOF Economic Research Agency reported on Wednesday that its economic barometer for Switzerland stabilised at a high level in February, jumping to 108.0 from 107.6 recorded in January.

Wed, 28 Feb 2018 15:21:37 GMT

Russia evacuates civilians from Syria's Ghouta

On Wednesday, Russia's President Vladimir Putin stated that his country had evacuated a rather big civilian group from the Syrian rebel-held eastern Ghouta.

Wed, 28 Feb 2018 15:19:30 GMT

Facebook expands jobs section on social network

Facebook is expanding its presence in the jobs market by launching its special tool internationally to 40 countries, as the company seeks to compete with the market's leader LinkedIn.

Wed, 28 Feb 2018 14:32:52 GMT

Bayer set to win EU approval for $62.5B Monsanto bid

The German drug maker Bayer is about to win the EU antitrust approval for the $62.35B deal for the seed company Monsanto.

Wed, 28 Feb 2018 14:28:10 GMT

Toyota to develop new Auris vehicle in England

Toyota is planning to build the new next generation Auris car at its UK plant in the Brexit boost for the Prime Minister Theresa May.

Wed, 28 Feb 2018 13:02:23 GMT

Amazon acquires start-up Ring for $1B

Amazon.com agreed to acquire the video start-up Ring in a deal worth $1B, the companies announced on Tuesday, one of the most expensive takeovers, following Amazon's $13.7B deal last year.

Wed, 28 Feb 2018 12:34:10 GMT

Gene-editing start-up Inscripta attracts $55.5M

Inscripta start-up stated on Wednesday it had raised $55.5M in funding amid the biotech company's intention to accelerate the development of the gene-editing tools.

Wed, 28 Feb 2018 12:11:27 GMT

Ford triggers self-driving pilot delivery service in Miami

Ford Motor launched on Tuesday a self-driving pilot delivery programme in Miami with the help of its partner Domino's Pizza, while the carmaker's another companion Postmates is set to join next month.

Wed, 28 Feb 2018 12:11:11 GMT

Amazon releases music-streaming service in India

On Wednesday, Amazon.com launched the music-streaming service called Amazon Prime Music in India that would be available at no additional cost to its Prime members.

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