News

Note: This section contains information in English only.
Wed, 06 Dec 2017 17:52:41 GMT

US unit labour costs fall for two quarters in succession

The US Labour Department stated that the country's labour costs fell 0.2% in the Q3, indicating that consumer price growth could stay benign by the end of the year.

Wed, 06 Dec 2017 17:51:52 GMT

US private employers add 190K positions in November

The ADP report showed that the US private sector added 190K jobs in November, while the manufacturing sector created the most positions in nearly 15 years

Wed, 06 Dec 2017 16:55:16 GMT

Former Catalan leader to stay in Belgium for while

Carles Puigdemont, the Former Catalan leader, which was arrested in Spain for an organisation of an illegal independence referendum, reported that he would not leave Belgium for a while.

Wed, 06 Dec 2017 16:55:11 GMT

Apple's Cook optimistic on China's banned apps return

Apple's chief executive, Tim Cook, reported on Wednesday that there was a hope that some apps that had been banned in China would eventually be restored after being removed earlier this year.

Wed, 06 Dec 2017 15:54:00 GMT

French President visits Algeria to boost cooperation

Emmanuel Macron, the President of France, arrived in Algeria on Wednesday for a one-day working visit in order to boost bilateral relations and reinforce security cooperation.

Wed, 06 Dec 2017 15:53:53 GMT

US Treasury seeks information on Turkish bank

The US Deputy Prime Minister reported on Wednesday that the US Treasury had requested information on a Turkish bank, mentioning a US court case versus a Halkbank executive.

Wed, 06 Dec 2017 15:23:20 GMT

Tillerson sees no normalisation in NATO-Russia ties

Rex Tillerson, the US Secretary of State, expressed the view that there was a broad consensus among NATO members that no normalisation in negotiations with Russia occurred.

Wed, 06 Dec 2017 15:22:28 GMT

T-Mobile board accepts $1.5B buyback program

T-Mobile, the US wireless carrier, said that the company's board authorised the first-ever buyback program for up to $1.5B worth of its common stock.

Wed, 06 Dec 2017 14:20:56 GMT

Indigo raises $203M through Dubai fund

Farming tech start-up Indigo raised extra $47M from Dubai's sovereign wealth fund, bringing the total sum of financing for its efforts to reform how crops are grown to $203M.

Wed, 06 Dec 2017 14:18:21 GMT

UnitedHealth to buy medical unit of DaVita for $4.9B

UnitedHealth Group announced that it would purchase a medical unit of kidney care services supplier DaVita for $4.9B, aiming to operate more in outpatient treatment services.

Wed, 06 Dec 2017 12:07:23 GMT

Home Depot plans $15B share repurchase

The US home improvement chain Home Depot Inc announced on Wednesday a $15B share repurchase program starting in February, 2018.

Wed, 06 Dec 2017 11:53:25 GMT

Spokesman: UK's PM has made progress to move on with Brexit talks

A spokesman for the British Prime Minister Theresa May said on Wednesday that she had made progress in Brexit talks ahead of the Euro Summit scheduled on 14-15 December, 2017.

Wed, 06 Dec 2017 10:52:19 GMT

Japan to spend additional 2.9T Yen on economic measures, missile defence

Japan is set to allocate additional 2.9T Yen ($25.8B) from its budgetary spending on missile defence and other economic measures, government officials explained on Wednesday.

Wed, 06 Dec 2017 10:51:59 GMT

Reuters: Ford, Alibaba to sign sales agreement on Thursday

Ford Motor Co is set to sign an agreement with Alibaba Group Holding Ltd on Thursday with the aim to sell its cars in the Chinese market via Alibaba's online platform.

Wed, 06 Dec 2017 09:51:46 GMT

CBRC issues draft rules for managing liquidity risk

China Banking Regulatory Commission issued on Wednesday draft guidelines for managing liability risks of commercial banks in an attempt to improve the country's banking sector.

Wed, 06 Dec 2017 09:51:26 GMT

Saga shares fall in response to sluggish 2017/2018 profit forecasts

Shares of the UK-based Saga Plc fell 20% on Wednesday in the wake of the company announcing sluggish forecasts of its pre-tax profit in 2017 and 2018.

Wed, 06 Dec 2017 09:18:35 GMT

Reuters: Xiaomi asks banks to pitch its 2018 IPO

The Chinese smartphone producer Xiaomi Inc had turned to banks for a pitch of its IPO in 2018, as reported by Reuters on Wednesday.

Wed, 06 Dec 2017 09:08:34 GMT

EU's Court of Justice says Coty can ban online sales of its products

The Court of Justice of the European Union ruled on Wednesday that the US-based cosmetics company Coty could prohibit sales of its products in online platforms, including Amazon.

Wed, 06 Dec 2017 08:11:38 GMT

easyJet to compete with Lufthansa in Germany

On Wednesday, the British easyJet said that it will begin competing with Lufthansa on Germany's internal routes from Berlin next month. The rivalry is based on acquisition of parts of bankrupt Air Berlin.

Wed, 06 Dec 2017 08:05:15 GMT

German industrial orders rise by 0.5%

According to data published on Wednesday morning, German industrial orders increased by 0.5% in October, thus beating expectations about a 0.3% drop. The growth was mainly based on local and non-Euro Zone demand.

Wed, 06 Dec 2017 07:06:30 GMT

Mexican lawmakers pass fintech bill

On Tuesday, the Mexican Senate passed a law that aims to bring financial stability through regulation of the country's rapidly growing fintech sector. The law, if adopted, would apply to crowdfunding platforms and cryptocurrency firms.

Wed, 06 Dec 2017 07:06:24 GMT

China says Australia has paranoia over foreign interference

On Wednesday, the Chinese Embassy in Australia accused local media of hysteria and paranoia due to publication of numerous reports about China's interference into Australian domestic affairs.

Wed, 06 Dec 2017 03:54:32 GMT

Japan to help fund Chinese Belt and Road projects

The Japan's government planned to cooperate with China over its Belt and Road Initiative by funding its private-sector partnerships in a bid to enhance bilateral ties with the neighbour.

Wed, 06 Dec 2017 03:52:23 GMT

UK May under pressure to soften EU divorce

British PM Theresa May was under pressure to alleviate the EU divorce by keeping the UK in the customs union and single market after Brexit.

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