News

Note: This section contains information in English only.
Wed, 29 Nov 2017 11:15:30 GMT

China still faces downwards risks

A senior regulator of the Chinese banking sector has expressed that in the early 2018 downwards risks tot eh Chinese economy might become apparent.

Wed, 29 Nov 2017 10:33:10 GMT

Japanese workers' pay to be lowered by around $45B

Japan workers' pay will be cut by $44.86B on the back of the government's plans to reduce the notoriously long working hours.

Wed, 29 Nov 2017 10:22:17 GMT

Egypt's Sisi orders military head to secure Sinai

The President of Egypt Abdel Fattah al-Sisi ordered his military chief on Wednesday to secure the peninsula of Sinai within the following three months by using all force necessary.

Wed, 29 Nov 2017 09:34:05 GMT

Cambodia's PM to ask China for more aid, investment

The Cambodian PM Hun Sen is about to ask China for more aid and investment during his visit this week, following the Western donor pressure due to a critics crackdown ahead of the 2018 elections.

Wed, 29 Nov 2017 09:19:09 GMT

BMW seeks for carmakers to develop small e-vehicles

German automaker BMW is looking for partners to reduce the cost of electrifying the future Mini small electric cars, the board member Peter Schwarzenbauer stated.

Wed, 29 Nov 2017 08:31:46 GMT

GM's Corvette super car to have price of $119,995

General Motors' global product development head stated on Tuesday that its 755-horsepower Corvette super car would have a $119,995 price at start and above up to $123,995.

Wed, 29 Nov 2017 08:26:18 GMT

London Stock Exchange Chief Rolet resigns

The CEO of London Stock Exchange Xavier Rolet stepped down from his post, following the bourse clash with a senior shareholder dragged in the BoE.

Wed, 29 Nov 2017 07:34:12 GMT

Daimler rebuffs Geely's offer to take about 5% stake

Daimler has turned down the offer from Chinese Geely to take up to 5% stake via a new discounted share issue amid reluctance to view existing shareholding diluted.

Wed, 29 Nov 2017 07:29:01 GMT

Indonesia to resume Bali airport operations on Wednesday

Indonesia is planning to reopen the Bali airport at 1500 local time on Wednesday, after it was closed for the third time due to volcanic ashes.

Wed, 29 Nov 2017 06:06:24 GMT

North Korea claims new ICBM can reach US

North Korea has announced that the last tested missile of the state is capable of reaching the US mainland.

Wed, 29 Nov 2017 05:37:51 GMT

Uber losses widen in third quarter

The third quarter losses of Uber Technologies Inc have increased to $1.46 billion, compared to the $1.06 billion in previous quarter.

Wed, 29 Nov 2017 05:21:34 GMT

SoftBank finds Uber seller

SoftBank continues to uphold its tender to buy Uber stock. On Tuesday Menlo Ventures, a Japanese company, announced that they are ready to sell the stock to SoftBank.

Wed, 29 Nov 2017 05:20:52 GMT

Mexican inflation might not fall

The next governor of the Mexican central bank on Tuesday announced that inflation in the country might not fall, as the future might force interest rate hikes.

Wed, 29 Nov 2017 04:30:26 GMT

EU, British insurers look for mutual access after Brexit

The European Union's and British insurers seek transitional deals and a mutual market access agreement to preserve the City of London place as a global hub.

Wed, 29 Nov 2017 04:27:34 GMT

Cuba, Nestle to build new factory worth $55M

Swiss company Nestle and Cuba started to build a new $55M coffee and biscuit plant joint venture in the Mariel Special Development Zone, the largest foreign investment in the island.

Wed, 29 Nov 2017 03:00:01 GMT

Uber signs Southeast Asian e-wallet agreement with Vietnamese MoMo

The US ride-hailing firm Uber Technologies signed a strategic partnership deal with Vietnam's fintech firm MoMo to allow passengers use MoMo's e-wallet to pay for rides.

Wed, 29 Nov 2017 02:59:12 GMT

Japanese retail sales mark first yearly decrease in 2017

Japan's retail sales marked a 0.2% annual decline in October, the first fall over the course of 2017, due to weak sales of beverages and food, government data revealed.

Tue, 28 Nov 2017 19:03:21 GMT

IOTA to unite with VW, Samsung, Cisco on data marketplace

According to IOTA co-founder Sonstebo, an open-source blockchain network has teamed up with Volkswagen, Samsung and Cisco Systems to launch a secure data marketplace.

Tue, 28 Nov 2017 19:02:06 GMT

EU and Britain agree on Brexit divorce bill

According to the Daily Telegraph newspaper, the bloc and Britain have reached an agreement regarding the divorce bill of the Brexit.

Tue, 28 Nov 2017 18:15:10 GMT

EU Commission to freeze tax havens funding

The bloc's tax commissioner has urged the EU governments to ambitiously decide on the tax havens common blacklist next week and to freeze European funding to those countries.

Tue, 28 Nov 2017 18:04:19 GMT

Wall Street jumps to record highs

Wall Street indexes have reached the record levels during the New York session, amid the Fed chair nominee Powell's comments and concerns over the US tax bill progress.

Tue, 28 Nov 2017 17:25:30 GMT

Consumer confidence in US reaches 17-year high

The Conference Board stated that the US Consumer Confidence Index was at the 129.5 mark in November, reaching the highest level in 17 years, fuelled by a robust job market.

Tue, 28 Nov 2017 17:24:12 GMT

Dutch markets watchdog fines Volkswagen €450K

The Dutch regulator fined Volkswagen €450K for misleading its consumers, who bought the company's diesel cars in the period between 2009 and 2015 years.

Tue, 28 Nov 2017 15:34:49 GMT

BlackRock to buy Citibanamex's asset management unit

On Tuesday, BlackRock announced it had agreed to acquire the asset management unit of the Mexican Citibanamex amid the growth potential its sees in the country.

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