News

Note: This section contains information in English only.
Tue, 23 Jan 2018 11:03:12 GMT

IMF: structural reforms are needed to maintain solid global growth

IMF warned that the solid global growth caused primarily by slow US rate hikes and the ECB's large balance sheet was not sustainable, thus requiring structural reforms.

Tue, 23 Jan 2018 10:33:07 GMT

Carrefour shares up on new CEO's promises

Shares in Carrefour jumped 6.3% on Tuesday, following its new CEO Alexandre Bompard's promises to cut costs, step up the e-commerce investment and bring Carrefour China within the reach to investors.

Tue, 23 Jan 2018 10:23:15 GMT

Tillerson: US needs to focus on relationship with UK

The US State Secretary Rex Tillerson stated that the United States should focus on strengthening its relations with Britain, days after Donald Trump had cancelled its London trip over embassy sale.

Tue, 23 Jan 2018 09:33:59 GMT

Train station closed in central London amid gas leak

On Tuesday, the UK police closed the Charing Cross train station in central London, while hundreds of people were evacuated from nearby hotels and nightclubs amid a major gas leak.

Tue, 23 Jan 2018 09:24:29 GMT

TPP-11 members to forge Asia-Pacific trade pact

Eleven countries are set to sign a new trans-Pacific trade agreement in March, following the United States withdrawal from its earlier version in 2017.

Tue, 23 Jan 2018 08:33:22 GMT

Singapore reviews anti-graft law under mounting pressure

Singapore is reviewing anti-corruption law, following a growing pressure on the country's government to severe the rules amid the increased incidence of criminal wrongdoing among companies.

Tue, 23 Jan 2018 08:17:01 GMT

Mercedes-Benz to call off nearly 7K cars in Russia

Daimler's Mercedes-Benz is planning to recall 6,639 vehicles in Russia, following an order that affects cars of the majority of carmaker's classes that were produced in the 2012-2014 time period.

Tue, 23 Jan 2018 07:34:41 GMT

Chinese BAIC seeks $4.5B backdoor listing for EV unit

China's Beijing Automotive Group is set to take its electric car unit public by implementing it into the listed subsidiary in a move worth $4.5B.

Tue, 23 Jan 2018 07:26:55 GMT

Netflix pays $39M charge over Spacey scandal

Netflix took a $39M charge late last year amid sexual misconduct scandal that involved the actor Kevin Spacey, as the streaming video service stopped all projects associated with him.

Tue, 23 Jan 2018 05:55:59 GMT

US imposes trade tariffs on imported solar panels, washing machines

The US President Donald Trump has imposed steep import tariffs on solar panels and washing machines in an attempt to protect domestic producers.

Tue, 23 Jan 2018 05:55:02 GMT

South Korea bans use of anonymous bank accounts in cryptocurrency trading

The South Korean Financial Services Commission is to ban traders from using anonymous bank accounts in trading cryptocurrencies from January 30 in order to avoid money laundering.

Tue, 23 Jan 2018 05:16:35 GMT

LG Display drives shares up by announcing production of OLED panels

LG Display Co Ltd. boosted its shares by 6.2% on Tuesday after announcing the production of plastic OLED panels in the third quarter of 2018.

Tue, 23 Jan 2018 05:14:52 GMT

BOJ leaves monetary policy unchanged

In accordance with expectations, the Bank of Japan kept its monetary policy unchanged on Tuesday, thus leaving its interest rates at -0.1% and 10-year bond yields near 0%.

Tue, 23 Jan 2018 04:19:47 GMT

Australia's wine exports to China increase after FTA cuts tariffs

Australian yearly wine exports to China grew 63% in the December quarter of 2017, as high-end sales surge and the FTA signed two years ago diminished import duties.

Tue, 23 Jan 2018 04:18:58 GMT

Samsung: US tariffs on washing machines cause great loss for consumers

Samsung Electronics stated that the decision of the US government to impose tariffs on washers was a great loss for the US consumers and workers.

Tue, 23 Jan 2018 02:59:58 GMT

Bacardi to acquire Patron Spirits for $5.1B

On Monday, Bacardi reported that it would buy Patron Spirits International for $5.1B, aiming to become the second biggest spirits company in the US.

Tue, 23 Jan 2018 02:58:40 GMT

US Tiger Global invests $1B in Britain's Barclays

Sources close to the matter reported that Tiger Global Management, an investment firm based in the US, invested more than $1B in Barclays.

Mon, 22 Jan 2018 21:00:46 GMT

Trump will approve immigration deal only if beneficial to US

The US President Donald Trump noted on Monday that the United States would struck an immigration deal only if it was beneficial for the country.

Mon, 22 Jan 2018 21:00:19 GMT

Report: business travel expected to thrive this year

Business travel is expected to grow in 2018 due to strengthening economic conditions and increased consumer confidence, American Express Global Business Travel reported on Monday.

Mon, 22 Jan 2018 20:19:29 GMT

Eurogroup Chairman opens candidacy for ECB Vice President

The Chairman of the Eurogroup Mario Centeno launched on Monday a call for candidates to replace the current ECB Vice President Vitor Constancio whose term concludes on May 31.

Mon, 22 Jan 2018 20:02:57 GMT

US senators reach deal to lift government shutdown

US senators reached an agreement on Monday to end the government shutdown, thus moving the legislation forward to the Senate and the House of Representatives.

Mon, 22 Jan 2018 19:05:50 GMT

Turkey wants international support for Afrin operation

On Monday, Turkey's Deputy Prime Minister said that the military operation in Afrin was continuing as planned and asked for worldwide support for the offensive.

Mon, 22 Jan 2018 19:05:27 GMT

Pence: US Embassy to move to Jerusalem in 2019

In a speech delivered to the Israeli parliament, the US Vice President Mike Pence said that the US Embassy in Israel would be moved from Tel Aviv to Jerusalem by late 2019.

Mon, 22 Jan 2018 18:20:18 GMT

Key Swiss crypto lawyer criticises ICO structure

Luka Mueller, a top Swiss cryptocurrency lawyer, has questioned the efficiency of the structure of initial coin offerings, calling it "old, inflexible and stupid".

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