News

Note: This section contains information in English only.
Tue, 27 Feb 2018 17:01:37 GMT

Mood of American shoppers improves markedly

The Conference Board reported on Tuesday that in Consumer Confidence Index surged to 130.8 in February from the prior month's 124.3, whereas analysts anticipated a slighter increase to 126.1.

Tue, 27 Feb 2018 16:02:38 GMT

US investors seek Washington approval to buy stake in Citgo

Sources close to the matter reported on Tuesday that a group of US investors was seeking approval from Washington to buy a nearly 50% stake in Citgo, an American refiner, controlled by Rosneft.

Tue, 27 Feb 2018 15:59:58 GMT

Powell says Fed can continue gradually raising rates

The newly-elected Fed Chairman Jerome Powell said on Tuesday that the Bank could continue gradually raising rates, pointing to the strong US economic outlook.

Tue, 27 Feb 2018 15:29:25 GMT

Fitbit's shares drop 14% on smartwatch weak demand

Shares in Fitbit plunged 14% on Tuesday, as the company's newly introduced smartwatch had failed to excite consumers, showing a sluggish demand for the device.

Tue, 27 Feb 2018 15:25:06 GMT

Sales of Cuban cigars hit record amid China's surging demand

The Cuban cigar manufacturer Habanos stated on Monday that its sales hit record of a 33% rise last year, helped by a surging demand in China.

Tue, 27 Feb 2018 14:34:28 GMT

US-Israeli firm CyberX attracts $18M

The US-Israeli cyber-technology provider CyberX stated on Tuesday it had raised $18M, bringing the company's total investment to $30M.

Tue, 27 Feb 2018 14:30:14 GMT

Walt Disney makes $2.47B investment in Disneyland Paris

On Tuesday, Walt Disney announced a $2.47B investment into Disneyland Paris, aimed at expansion of the French theme park that had been taken under its full control last year.

Tue, 27 Feb 2018 13:34:14 GMT

Starbucks to launch first Reserve store

On Tuesday, Starbucks is set to open its first of 1K planned upscale Reserve stores amid the company's strategy to be protected against the high-end coffee rivals.

Tue, 27 Feb 2018 13:31:35 GMT

Bezeq Israel Telecom to appoint Paz as its interim CEO

The Israeli Bezeq Telecom is seen to name on Tuesday Yaakov Paz as its interim CEO for no less than the next month, as the chief executive Stella Handler is under police investigation.

Tue, 27 Feb 2018 12:34:59 GMT

French rail unions prepare for strike action on reform plans

France's rail unions had a meeting on Tuesday to prepare for a strike action on the Emmanuel Macron's preform plans regarding the loss-making rail firm SNCF.

Tue, 27 Feb 2018 12:33:26 GMT

ASMALLWORLD plans to list on SIX Swiss Exchange

On Tuesdaym the Swiss social network operator ASMALLWORLD stated it planned a listing on the SIX Swiss Exchange in weeks, adding it was not intending to sell new shares.

Tue, 27 Feb 2018 10:55:12 GMT

HNA Capital to lead two investment funds for Road and Belt initiative

The Chinese HNA Capital is set to lead two investment funds worth 20 billion yuan intended to finance projects in China and Southeast Asia linked to the Belt and Road initiative.

Tue, 27 Feb 2018 10:53:14 GMT

Norway's $1T wealth fund doubles return in 2017

Norges Bank Investment Management, the world's largest sovereign wealth fund, gained a return of 13.7% in 2017, compared to 6.9% year-on-year, due to strong global stock market.

Tue, 27 Feb 2018 10:33:19 GMT

Disney head Iger declines commenting Comcast's bid

Walt Disney's Chief Executive Bob Iger declined to comment on Tuesday on Comcast's $31B offer for the EU pay-TV group Sky.

Tue, 27 Feb 2018 09:33:24 GMT

Exxon Mobil to close LNG plant in Papua New Guinea

Exxon Mobil is set to shut the liquefied natural gas plant in Papua New Guinea for at least a week to inspect the factory for any facility damage, following a strong earthquake in the area.

Tue, 27 Feb 2018 09:27:50 GMT

Thailand's election to take place no later than February 2019

On Tuesday, Thai PM Prayuth Chan-ocha stated that the country's general election would be held no later than the next year's February, following his promise to conduct it in November.

Tue, 27 Feb 2018 08:33:16 GMT

Comcast offers $31B to acquire pay-TV group Sky

The US biggest cable operator Comcast offered $31B to buy the EU pay-TV group Sky, challenging Rupert Murdoch's Fox, which had already agreed to acquire the company.

Tue, 27 Feb 2018 08:31:04 GMT

Wisconsin Governor sued over special elections

On Monday, the former US Attorney General Eric Holder filed a sue against the Wisconsin Governor Scott Walker for not calling special elections for vacant seats in the legislature, allegedly violating the law.

Tue, 27 Feb 2018 07:21:41 GMT

Singapore proposes law to deal with terror attacks

Singapore proposed new measures on Tuesday, seeking to bar communications in the area of terror attacks by preventing witnesses from taking photos and videos of an incident.

Tue, 27 Feb 2018 07:18:00 GMT

South Korean ex-President Park may face 30-year jail term

On Tuesday, South Korea's prosecutors sought a 30-year term in prison for the former President Park Geun-hye, after she had been ousted due to an influence-peddling row last year.

Tue, 27 Feb 2018 06:00:20 GMT

Punjab National Bank's shares plunge, as scam costs add up to nearly $2B

The shares of India's Punjab National Bank fell 8.9% late on Monday after announcing that the cost of fraudulent transactions could add $204M to the previously-reported $1.77B.

Tue, 27 Feb 2018 05:51:48 GMT

IEA: US will overtake Russia as biggest oil producer by 2019

According to the International Energy Agency, the United States is set to overtake the Russian Federation as the global leader in oil production by 2019.

Tue, 27 Feb 2018 05:18:28 GMT

BOK keeps rates on hold, Governor warns about US protectionism

The Bank of Korea kept interest rates unchanged on Tuesday, while the Governor Lee Ju-yeol warned about US protectionism having impact on the country's car and steel industries.

Tue, 27 Feb 2018 05:11:04 GMT

Lagarde: global growth strong, but new challenges ahead

The Managing Director of the IMF Christine Lagarde said the global economy showed broad-based growth with a shift towards trade dispute risks and technological advances. 

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