News

Note: This section contains information in English only.
Mon, 20 Nov 2017 08:26:55 GMT

Marvell Tech buys Cavium for nearly $6B

Marvell Technology Group agreed to acquire a smaller peer Cavium for about $6B, as the chipmaker seeks expansion in the networking equipment sector.

Mon, 20 Nov 2017 07:33:44 GMT

North Korea's ICBM may reach US this year

According to the South Korean spy agency, North Korea might be able to develop an ICBM that could reach the US mainland this year.

Mon, 20 Nov 2017 07:30:22 GMT

Indonesian top official arrested over $170M state losses

Indonesia's anti-corruption agency took the Parliament speaker Setya Novanto into custody, following his arrest over the alleged links to the $170M state losses.

Mon, 20 Nov 2017 06:00:25 GMT

Alibaba to invest $2.87B in Sun Art Retail Group

In an attempt to continue its offline retail push, Alibaba said it would invest around $2.87B in China's leading hypermarket operator Sun Art Retail Group.

Mon, 20 Nov 2017 05:59:32 GMT

Duterte leaves open pit mining ban in place

The President of the Philippines Rodrigo Duterte decided to leave the open pit mining ban in place, going against the Environment Minister who sought to reverse the policy.

Mon, 20 Nov 2017 05:21:09 GMT

Japanese government and BoJ to cooperate to overcome deflation

Japan's Prime Minister Shinzo Abe said the country's government and the Bank of Japan were ready to work together in order to overcome deflation.

Mon, 20 Nov 2017 05:20:22 GMT

Merkel fails to form coalition

On Monday, the German Chancellor Angela Merkel said her attempts to form a three-party coalition had failed but added she would do everything to make sure "the country is well managed".

Mon, 20 Nov 2017 04:23:06 GMT

Alibaba to buy 36.2% Sun Art for $2.9B

Internet major Alibaba stated that it is set to buy aggregate indirect and direct stake of 36.16% in Sun Art, Chinese top hypermarket operator, for a total $2.9B.

Mon, 20 Nov 2017 04:21:56 GMT

Toshiba shares fall on plan to issue $5.4B in new shares

Shares of Toshiba dropped nearly 5%, after the company announced that it plans to raise $5.4B from new shares' sale in a crucial step allowing to remain publicly traded.

Mon, 20 Nov 2017 02:54:28 GMT

Japan's exports grow 14% in October

Japanese exports marked a 14% yearly increase in October, after a 14.1% gain in the prior month, suggesting the country's economic recovery would continue in the Q4.

Mon, 20 Nov 2017 02:53:34 GMT

Goldman Sachs expects four Fed's rate hikes in 2018

Goldman Sachs stated that it anticipated the tight US job market and normal inflation prospective to lead the Fed to make four interest rate increases next year.

Sun, 19 Nov 2017 21:57:48 GMT

Israel reveals covert contacts with Saudi Arabia

Israel has covert contacts with Saudi Arabia amid concerns over Iran, the Energy Minister Yuval Steinitz says.

Sun, 19 Nov 2017 21:56:39 GMT

Zimbabwe's Mugabe does not resign in TV address

The Zimbabwean President Robert Mugabe has not announced resignation in the much anticipated televised address to the nation.

Sun, 19 Nov 2017 21:12:25 GMT

Nearly 70 countries agree to participate in Beijing expo 2019

Nearly 70 countries and organizations agreed to participate in the International Horticulture Exhibition 2019 in Beijing, the organizing committee says.

Sun, 19 Nov 2017 21:11:39 GMT

US destroyer collides with tug boat

A US guided missile destroyer collided with a Japanese commercial tug boat in Sagami Bay but sustained minimal damage, local media reports.

Sun, 19 Nov 2017 19:18:03 GMT

China approves projects worth $10B in October

The National Development and Reform Commission approved 16 fixed-asset investment projects with total investment of around $10B in October.

Sun, 19 Nov 2017 19:17:10 GMT

Russia, Turkey and Iran meet to discuss Syria

Russia, Turkey and Iran plan to discuss the Syrian conflict on Wednesday at Vladimir Putin's official residence in the coastal city of Sochi.

Sun, 19 Nov 2017 18:35:57 GMT

Bahrain calls on Arab countries to confront Iran

Arab countries should unite and confront Iran over its alleged support of military organizations in the region, the Bahraini Foreign Minister Khalid bin Ahmed Al Khalifa says.

Sun, 19 Nov 2017 18:34:57 GMT

Zimbabwe's Mugabe to address nation tonight

The Zimbabwean President Robert Mugabe plans to make a live TV appearance later tonight, a state television reports.

Sun, 19 Nov 2017 17:35:25 GMT

EU stops Turkey funding

The European Union decided to cut Turkey's funding due to the "deteriorating situation in relation to democracy, rule of law and human rights".

Sun, 19 Nov 2017 17:34:40 GMT

ADB loans $260M to improve infrastructure in Bangladesh

The Asian Development Bank loaned $260M to the government of Bangladesh to sustain and improve infrastructure in the region.

Sun, 19 Nov 2017 15:56:47 GMT

Russia warns US not to deliver weapons to Ukraine

The tensions in the eastern Ukraine will worsen should the United States decide to deliver weapons to Ukrainian government troops, a senior Russian lawmaker says.

Sun, 19 Nov 2017 15:55:28 GMT

Ex-Chile leader Pinera likely to win presidential election

The billionaire conservative Sebastian Pinera is likely to win presidential elections in Chili, succeeding the President Michelle Bachelet.

Sun, 19 Nov 2017 14:51:24 GMT

Syrian army and allies take control over Albu Kamal from Islamic State

The Syrian army and its allies took control over Albu Kamal, the last significant Islamic State's stronghold in Syria, a regional military news service says.

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