News

Note: This section contains information in English only.
Fri, 21 Dec 2018 09:03:09 GMT

Japan's Okamoto believes low long-term rates negatively affect banks

Shigeaki Okamoto, one of the senior officials from Japan's Finance Ministry, stated on Friday that current monetary policy presupposed low long-term interest rates, which negatively affected earnings of various banks.

Fri, 21 Dec 2018 08:55:32 GMT

Roskomnadzor to check BBC activity

The Russia's media regulator Roskomnadzor stated on Friday morning it would conduct checks to establish whether BBC channel and corresponding websites operate in line with the state law.

Fri, 21 Dec 2018 06:13:33 GMT

Joseph Otting to lead FHFA

According to the White House, the US President Donald Trump will appoint currency comptroller Joseph Otting as acting director of the Federal Housing Finance Agency (FHFA).

Fri, 21 Dec 2018 06:09:48 GMT

China denies US accusations

The Foreign Ministry of China on Friday categorically denied accusations of economic espionage made by the United States and its allies.

Fri, 21 Dec 2018 05:24:49 GMT

Tencent Holdings shares up 4.2%

On Friday morning, the value of Tencent Holdings Ltd's stock surged by 4.2%, as Chinese regulatory official said that a number of new games were granted approval for sale.

Fri, 21 Dec 2018 05:21:20 GMT

Mexican lawmakers approves budget's income section

On Thursday evening, the upper chamber of Mexican Parliament supported the income section of the country's President Andres Obrador's next year draft budget.

Fri, 21 Dec 2018 04:00:01 GMT

World Bank trims forecast of Philippines' GDP growth for 2018, 2019

The World Bank stated it slightly trimmed the Philippines' GDP growth expectations to 6.4% this year and 6.5% next year, as persistently high inflation erodes consumer spending.

Fri, 21 Dec 2018 03:53:31 GMT

China's, Ukraine's to upgrade power unit at Ukrainian thermal plant

China's company DEIC and Ukraine's company Donbasenergo signed a deal over the joint reconstruction of Sloviansk TPP's power unit in eastern Ukraine.

Fri, 21 Dec 2018 03:35:56 GMT

Japan's slowing inflation piles pressure on Central Bank

The Japanese yearly core consumer inflation growth weakened in November, reinforcing expectations that the BoJ is likely to hold off over whittling down its stimulus for a lingering period, as prices were still distant from the target.

Fri, 21 Dec 2018 03:30:42 GMT

Japan Cabinet approves $900B budget

The Cabinet of the Japanese Prime Minister Shinzo Abe approved a record $900B draft budget for the following fiscal year, boosted by spending to offset the anticipated sales tax hike impact.

Thu, 20 Dec 2018 21:30:37 GMT

EU agree 30% cut in CO2 emissions from trucks

Ministers from the EU countries agreed to reduce CO2 emissions from buses and trucks 30% by 2030, though with the potential review of the decision in 2022.

Thu, 20 Dec 2018 21:28:00 GMT

Zynga to purchase Small Giant Games' majority stake

Zynga, the FarmVille game maker, stated that it is set to buy an 80% stake of Small Giant Games in a bid to strengthen gaming portfolio.

Thu, 20 Dec 2018 20:33:54 GMT

Nissan to lay off 1K workers in Mexico

Japan's carmaker Nissan Motor is likely to lay off about 1K Mexican workers at two factories due to challenging market conditions, the company stated.

Thu, 20 Dec 2018 20:32:17 GMT

GM to respond to proposals to save plant in Ontario in January

General Motors is expected to respond by January 7 to Canada's union proposals to save an auto assembly plant in Ontario open, the head of the union stated.

Thu, 20 Dec 2018 19:38:53 GMT

J&J fails to persuade to set aside $4.7B talc verdict

Johnson & Johnson failed to persuade a trial judge of Missouri to set aside the verdict awarding $4.69B to 22 women blaming their ovarian cancer on asbestos in Baby Powder and other talc products.

Thu, 20 Dec 2018 19:36:13 GMT

Amazon to diminish fees for third-party sellers

Amazon.com is expected to lower some fees, which it charged third-party sellers on the marketplace, the company stated.

Thu, 20 Dec 2018 19:33:00 GMT

Altria to purchase $12.8B minority stake in Juul

Marlboro cigarette producer Altria is set to buy a stake of 35% in Juul Labs for $12.8B in a merge between an old-line tobacco major and a fast-expanding electronic-cigarette rival.

Thu, 20 Dec 2018 18:33:56 GMT

UK Ministers split on further Brexit steps if May's deal fails

Britain's Ministers were divided on the government's further steps if the Prime Minister's Brexit deal with the EU is not approved by parliament in January.

Thu, 20 Dec 2018 18:31:58 GMT

Oil prices drop markedly as stock markets tumble

Oil prices declined more than 4% on Thursday, reaching the lowest in more than a year amid worries over oversupply and the future of energy demand, as the US interest rate hike knocked stock markets.

Thu, 20 Dec 2018 17:31:23 GMT

ExxonMobil shelves LNG export project in Canada

The US oil major ExxonMobil withdrawn its liquefied natural gas export project in Canada from the environmental assessment, indicating that the project was shelved.

Thu, 20 Dec 2018 17:29:04 GMT

Cigna closes $54B Express Scripts purchase

Cigna closed $54B deal to purchase Express Scripts, creating one of the insurance plants and pharmacy benefits providers in the US, aimed to enhance healthcare coordination and diminish costs.

Thu, 20 Dec 2018 16:30:53 GMT

Apple to reap some iPhones from Germany's stores

Apple stated it is likely to pull some iPhones from stores in Germany after the court ruled that Apple infringed Qualcomm's hardware patent and banned sales of iPhone with chips from Qorvo.

Thu, 20 Dec 2018 16:26:17 GMT

Walgreens aim to save $1B annually

Walgreens Boots Alliance stated that it is likely to consolidate warehouses and close some stores within a cost-cutting plan, in a bid to save more than $1B annually.

Thu, 20 Dec 2018 15:14:00 GMT

Airbus share prices continue to decline

The share prices of Airbus continued to decline on Thursday, as it was revealed that US authorities have joined the corruption investigation that is being conducted by British and French officials.

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