News

Note: This section contains information in English only.
Fri, 13 Jul 2018 15:28:06 GMT

India trade deficit widens markedly in June

India's trade deficit widened to the five-year high in the month of June, mainly driven by higher oil prices and the weaker Rupee, the country's Trade Ministry stated.

Fri, 13 Jul 2018 15:23:47 GMT

Goldman: 60% chance of more US duties on China

Goldman Sachs economists stated that they placed a 60% chance that the Trump administration would impose tariffs on an extra $200B worth of China's imports targeted recently.

Fri, 13 Jul 2018 14:37:09 GMT

France's La Poste seeks buying stake in CNP Assurances

France's La Poste has unveiled its plans to acquire a stake in the insurer CNP Assurances held by Caisse des Depots, the state-owned investment fund, with no further disclosure of the details of a deal.

Fri, 13 Jul 2018 14:23:11 GMT

US DoJ to appeal approval on AT&T takeover of Time Warner

The US Department of Justice is planning to appeal the approval from Federal Judge over the AT&T $85.4B worth takeover of Time Warner, that has raised the prospect month after the deal signed.

Fri, 13 Jul 2018 13:38:11 GMT

Metro has no plans on Real hypermarket chain sale

Metro retailer has no plans over a sale of Germany's hypermarket chain Real, the CEO Olaf Koch stated in an interview on Friday.

Fri, 13 Jul 2018 12:01:25 GMT

Lavrov, Pompeo discuss meeting in Helsinki

The Foreign Minister of Russia Sergei Lavrov had a telephone conversation on Friday with his American counterpart Mike Pompeo about the upcoming two presidents' meeting in Helsinki.

Fri, 13 Jul 2018 12:01:07 GMT

Russia to start using Tu-160M in 2022

The CEO of Tupolev construction bureau Aleksandr Konyukhov said on Friday that Russia's Air Forces will start using upgraded strategic bomber Tu-160M in 2022.

Fri, 13 Jul 2018 11:23:36 GMT

JPMorgan announces 18.3% increase in profit

JPMorgan Chase & Co announced on Friday an 18.3% surge in quarterly profit based on higher trading revenues, tax gains and increase in interest rates.

Fri, 13 Jul 2018 11:19:41 GMT

Trump emphasizes importance of relations with UK

The US President Donald Trump stressed on Friday how important ally the United Kingdom is and noted that relationship with this country was "very, very strong".

Fri, 13 Jul 2018 10:09:39 GMT

Trump scolds May's plan

The President of the United States has criticized Theresa May's Brexit plan indicating that it kills the possibility of a US-UK trade deal.

Fri, 13 Jul 2018 10:08:54 GMT

US blames North Korea for sanction breach

The United States on Friday accused North Korea for not observing the refined petrol import limitations set on the country.

Fri, 13 Jul 2018 09:36:53 GMT

Microsoft introduces free trier of workplace collab software Teams

On Thursday, Microsoft has debuted its free tier of the workplace collaboration software called Teams to outrace its main competitor Slack Technologies in the market.

Fri, 13 Jul 2018 09:27:41 GMT

Apple to launch $300M China clean energy fund

Apple announced on Friday it was set to launch $300M worth green energy fund in China, as it seeks to invest in the renewable energy projects, which could power about 1.0M homes in the Asian country.

Fri, 13 Jul 2018 08:39:50 GMT

Apple unveils faster processors for MacBook Pro

Apple has launched on Thursday new features for its MacBook Pro, including the faster core processor, better security and larger memory to the 13 an 15-inch models.

Fri, 13 Jul 2018 07:10:37 GMT

Nestle sells New Zealand's candy brands Australian group

Nestle is selling some of its New Zealand's brands, such as Black Knight licorice and Mackintosh's toffees to the Australian firm Quadrant Private Equity.

Fri, 13 Jul 2018 07:07:05 GMT

Michelin acquires Canada's Camso in $1.45B deal

Michelin, the French tyre maker, stated it would buy Canada's Camso in a deal worth $1.45B, aiming to unlock around $55M in synergies from the acquisition by 2021.

Fri, 13 Jul 2018 06:03:25 GMT

Edizione finalises Cellnex stake takeover, views growth prospects

Italy's Edizione has finalised the takeover of a 29.9% stake in Cellnex from Spain's Abertis, believing that the telecom masts firm has great growth prospects, it stated on Thursday.

Fri, 13 Jul 2018 06:03:02 GMT

Rio Tinto to sell $3.5B holding in Grasberg copper mine

On Thursday, the mining firm Rio Tinto has confirmed it would sell its 40% stake worth $3.5B in the world's second-largest copper mine, Grasberg, to the Indonesian state miner PT Inalum.

Fri, 13 Jul 2018 04:53:50 GMT

KazMunayGaz stills seeks acquiring another 27% stake in Rompetrol

The Kazakh state oil firm KazMunayGaz's unit KMG International is still planning to acquire another 26.7% of Rompetrol Refinare from Romania's government.

Fri, 13 Jul 2018 04:53:35 GMT

Vietnam's FTP acquires controlling stake in US Intellinet

Vietnam's technology company FTP Corp agreed to acquire 90% stake in the US consulting firm Intellinet in a deal valued at $30M, FTP announced on Thursday.

Fri, 13 Jul 2018 04:37:10 GMT

FSA to penalise Concordia's subsidiary

According to a source familiar with the matter, the Japanese Financial Services Agency (FSA) issued improvement order against Concordia's subsidiary over unlawful commissions and other violations.

Fri, 13 Jul 2018 04:35:35 GMT

Japan's Asakawa to be reappointed

According to the Yomiuri newspaper, Japan's Vice Finance Minister for International Affairs Masatsugu Asakawa will be reappointed in an annual personnel rotation in the ministry.

Thu, 12 Jul 2018 20:35:32 GMT

Intel buys small chipmaker eASIC to boost efforts beyond CPUs

On Thursday, Intel announced it would acquire the small chipmaker eASIC to bolster its attempts to diversify away from the CPU chips.

Thu, 12 Jul 2018 20:32:39 GMT

Praxair, Linde in discussion over asset sale to Messer, CVC consortium

The US group Praxair and Germany's Linde are in negotiations over an asset sale to a consortium of the German gases company Messer Group GmbH and the CVC-advised funds to receive regulatory approval for the planned $83B merger.

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