News

Note: This section contains information in English only.
Thu, 05 Apr 2018 12:36:39 GMT

Glass Lewis supports Credit Suisse's management pay plan

Glass Lewis, a proxy adviser, recommended Credit Suisse's shareholders to approve the key management pay scheme at the company's annual general meeting on April 27, despite some concerns over its transparency.

Thu, 05 Apr 2018 11:39:04 GMT

Philippines' Duterte accepts Justice Secretary's resignation

The Philippine President Rodrigo Duterte has accepted his Justice Secretary's resignation, picking the leaders of the country's security forces.

Thu, 05 Apr 2018 11:35:47 GMT

Halkbank shares jump after US seeks imprisonment for banker

On Thursday, shares in the Turkish majority state-owned Halkbank surged as much as 18%, after the US prosecution sought to sentence the bank's executive to 20 years in prison for helping Iran to avoid US sanctions.

Thu, 05 Apr 2018 10:34:31 GMT

MakeMyTrip forms partnership with Flipkart

India's online travel service MakeMyTrip tied up with Flipkart to allow its customers to book the local flight tickets and various travel services directly from the company's portal.

Thu, 05 Apr 2018 10:30:51 GMT

Italy's CDP to acquire stake in Telecom Italia

Italy's state lender CDP will buy a 5% stake in Telecom Italia, as it seeks to protect the Italian interest in the group, three sources reported on Thursday.

Thu, 05 Apr 2018 09:32:34 GMT

European shares open stronger on Thursday

European stocks edged higher during Thursday's trading session, as the risk-averse sentiment caused by a possible trade war allayed.

Thu, 05 Apr 2018 09:29:15 GMT

EU's bank supervisor warns about bonds issued under British law

The Single Resolution Board noted on Thursday that around €100B of bonds that Euro zone banks had issued under the UK's law might not be accessible as capital buffers after Brexit.

Thu, 05 Apr 2018 08:32:21 GMT

Uber to halt its licenced service in Greece amid new law

The ride-hailing app Uber stated on Thursday it was planning to suspend its Greece licenced service, following the approval of a local legislation that introduces tougher rules on the sector.

Thu, 05 Apr 2018 08:28:32 GMT

Australia launches privacy inquiry into Facebook

On Thursday, Australia has launched an investigation into the Facebook privacy case to find out whether the company breached the country's privacy laws on the back of the Cambridge Analytica scandal.

Thu, 05 Apr 2018 07:36:54 GMT

Indian FinMin cancels trip to London amid health issues

The Finance Minister of India Arun Jaitley was forced to cancel his visit to London for the annual economic talks scheduled for the next week due to health issues, the government said.

Thu, 05 Apr 2018 07:34:12 GMT

Russia expels US diplomats over ex-spy Skripal case

On Thursday, US diplomats were seen leaving the embassy in Moscow, following their expulsion by Russia over the ex-spy Skripal's poisoning in Britain.

Thu, 05 Apr 2018 06:37:49 GMT

Saudi Arabia to open its first cinema in decades

Saudi Arabia is set to open its first cinema in over 35 years in Riyadh on April 18, according to the country's authorities.

Thu, 05 Apr 2018 06:34:38 GMT

Philippines closes Baracay island, causing flight cut backs

The Philippines will close its holiday hotspot of Boracay island for six month starting April 26, forcing the airline to cut back their flights, while business unit urged to reconsider the decision.

Thu, 05 Apr 2018 03:26:52 GMT

Nike to enhance promotion of minority, women

Monique Matheson, the CHRO of Nike, stated that the company would need to step up representation of minorities and women, weeks after a leadership was changed.

Thu, 05 Apr 2018 03:19:14 GMT

US to sanction Russia's oligarchs

The US is set to sanction Russia's oligarchs over the course of this week under a legislation targeting Moscow for its meddling in the US election in 2016.

Thu, 05 Apr 2018 01:56:08 GMT

New Zealand commodity prices rise 1.2% last month

The ANZ reported that commodity prices grew 1.2% month-over-month in March, following the preceding month's rise of 2.8%

Thu, 05 Apr 2018 01:55:06 GMT

AIG Services Index comes in at 56.9 in March

The Australian Industry Group reported on Thursday that its Services Index rose to 56.9 in March from the prior month's 54.0.

Wed, 04 Apr 2018 20:00:20 GMT

Ford urges China, US to resolve trade dispute

Ford Motor stated that it encouraged Chinese and the US governments to cooperate on resolving trade issues, as China retaliated with the list of duties after the US imposed new tariffs.

Wed, 04 Apr 2018 19:59:47 GMT

Apple hires Google's ex-executive as AI head

Apple stated that it hired an artificial intelligence executive, who previously worked at Google, aiming to boost the company's Siri voice assistant and other offerings.

Wed, 04 Apr 2018 19:27:03 GMT

Peugeot to raise production at Vauxhall factory

PSA, the maker of Peugeot, unveiled intention to increase output at the company's Vauxhall van factory in the UK, in a bid to encourage concessions in labour talks.

Wed, 04 Apr 2018 19:26:21 GMT

ISM non-manufacturing PMI at 58.8 in March

The Institute of Supply Management stated that the US non-manufacturing PMI declined to 58.8 in March after 59.5 points registered in the prior month.

Wed, 04 Apr 2018 17:44:29 GMT

GM to cease Chevrolet Sonic Subcompact car production

General Motors is expected to cease production of the company's Chevrolet Sonic Subcompact production this year, according to the Wall Street Journal, citing sources.

Wed, 04 Apr 2018 17:43:58 GMT

Services sector activity in US weakens in March

The US services sector revealed softer activity in March, diminished by a decline in new orders. Meanwhile, private employers kept a brisk hiring pace.

Wed, 04 Apr 2018 16:57:03 GMT

France's Senate, PM agree to diminish lawmakers number by third

France is likely to diminish the number of its lawmakers by 30% and 15% of parliament members are expected to be elected through a system of proportional representation in 2022 elections.

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