News

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Fri, 09 Feb 2018 12:17:03 GMT

Former Credit Suisse adviser jailed to five years over fraud

On Friday, the ex-client adviser of Credit Suisse Patrice Lescaudron was imprisoned to five years by Geneva's court for getting thousands of millions of francs by fraud and abusing the clients trust.

Fri, 09 Feb 2018 12:16:53 GMT

Salesforce to invest $2B into Canada business within five years

The US business software maker Salesforce.com is planning to invest $2B into Canada's business within the following five years, the latest major US tech-investment abroad since 2017.

Fri, 09 Feb 2018 10:51:54 GMT

CSRC: China to launch crude oil futures on March 26

China plans to introduce crude oil futures contract on March 26 to strengthen its influence over crude prices in Asia, the China Securities Regulatory Commission said on Friday.

Fri, 09 Feb 2018 10:51:33 GMT

Source: Barclays considers joining cryptocurrency credit card ban

Barclays plc considers banning cryptocurrency purchases with its cards, thus joining other major banks in the US, a senior executive told media on Friday.

Fri, 09 Feb 2018 10:29:11 GMT

FireEye posts first-ever adjusted Q4 profit, shares rise

On Thursday, cyber-security company FireEye posted its first-ever adjusted Q4 profit of one cent per share, while the firm's shares surged 13.2% in extended trading.

Fri, 09 Feb 2018 10:18:41 GMT

Expedia's shares plunge amid missing forecasts

Shares of the US online travel services firm Expedia dropped 15% on Thursday, following a report on missing Q4 profit expectations amid higher marketing costs.

Fri, 09 Feb 2018 09:33:36 GMT

Pence favours bilateral trade deal with Japan

The US Vice President Mike Pence said to the Japanese Deputy PM Taro Aso that he favoured the bilateral trade agreement to regulate trade imbalances, a deal that Tokyo opposed.

Fri, 09 Feb 2018 09:23:12 GMT

France urges to open humanitarian corridors in Syria

France has called for an urgent humanitarian corridor opening in Syria, as it seeks the air strikes to end, expressing deep concerns over civilians in Damascus and Idlib.

Fri, 09 Feb 2018 08:34:02 GMT

Ford applies for German banking licence amid Brexit

The US automaker Ford applied for the German banking licence, seeking to ensure its vehicle financing business has a right to continue after Britain's withdrawal from the European Union.

Fri, 09 Feb 2018 08:29:58 GMT

Saverin's VC firm B Capital Group raises $360M fund

The venture capital company owned by Facebook co-founder Eduardo Saverin B Capital Group has raised $360M fund, as the firm seeks investing into technology start-ups.

Fri, 09 Feb 2018 07:34:35 GMT

Qualcomm declares off Broadcom's revised buyout bid

On Thursday, the US semiconductor firm Qualcomm had rejected the revised $121B buyout offer by Broadcom; however, it proposed a meeting with its peer to discuss the bid.

Fri, 09 Feb 2018 07:30:34 GMT

Tencent to invest $474M into China's Shanda Games

Chinese Shanda Games stated on Friday that Tencent Holdings was planning to provide the smaller peer with $474M investment, seeking to bolster its lead in the country's video game market.

Fri, 09 Feb 2018 06:28:44 GMT

Turkey's warplanes hit Kurdish YPG targets in Afrin

According to the Hurriyet newspaper and a number of other sources current on the matter, Turkish warplanes struck several Kurdish militia targets in Afrin, Syria, on Friday.

Fri, 09 Feb 2018 06:28:03 GMT

Mexico: NAFTA car origin rules to change

The Economy Minister of Mexico Ildefonso Guajardo said that the state had to be prudent on the rules of origin for autos under the NAFTA, adding the current levels will certainly change.

Fri, 09 Feb 2018 05:23:41 GMT

Mattis: DACA service members not to be deported

The US Defence Secretary Jim Mattis revealed that service members in the DACA programme would generally not be deported.

Fri, 09 Feb 2018 05:22:48 GMT

Coincheck to lift curbs on Yen withdrawals

Local media reported that the Japanese virtual currency exchange Coincheck sought to resume Yen withdrawals on Tuesday, 13 February.

Fri, 09 Feb 2018 04:41:05 GMT

Yahoo, SoftBank, Aeon to launch retail business online

Yahoo Japan, SoftBank Group and Aeon announced plan to launch online buisness, which would include selling of clothes, food and everyday goods.

Fri, 09 Feb 2018 04:40:01 GMT

SoftBank, DiDi to create taxi venture in venture in Japan

China's ride hailing major Didi stated that it would create a venture with SoftBank to supply ride-hailing and other services for Japan's taxi industry.

Fri, 09 Feb 2018 02:53:34 GMT

Chinese producer prices post 4.3% increase in January

Chinese producer prices advanced were 4.3% up year-over-year in January, following the preceding month's rise of 4.9% and slightly missing analysts' expectations for a gain of 4.4%.

Fri, 09 Feb 2018 02:52:35 GMT

Chinese consumer prices rise in line with forecasts

The National Bureau of Statistics of China reported that its CPI rose 1.5% on an annual basis in January, after climbing 1.8% in the prior month, meeting analysts' forecasts.

Thu, 08 Feb 2018 20:53:00 GMT

US, China to continue pressuring North Korea over nuclear weapons

Representatives from the United States and China reaffirmed on Thursday their commitment to keep pressure on North Korea over its nuclear program and illegal weapons.

Thu, 08 Feb 2018 20:52:41 GMT

Technology companies call for restored net neutrality rules

Such technology companies as Alphabet Inc, Facebook Inc and Microsoft Corp presented a letter of support to the US Senate over reversing the FCC's vote on net neutrality rules.

Thu, 08 Feb 2018 20:08:47 GMT

Sell-off of US stocks continues

US stocks and major indexes fell to new lows on Thursday, driven by increased market volatility and higher bond yields.

Thu, 08 Feb 2018 19:56:10 GMT

Bank of Mexico lifts interest rate to 7.50%

The Bank of Mexico raised its benchmark interest rate MXCBIR=ECI by 25 basis points to 7.50% on Thursday in an attempt to reduce inflationary pressure.

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