News

Note: This section contains information in English only.
Sun, 31 Dec 2017 08:02:44 GMT

Myanmar to speed up SME development early next year

Myanmar announced plans to expedite small and medium enterprises' development in the beginning of 2018 through launching work sector competitions in the country.

Sun, 31 Dec 2017 06:59:46 GMT

Merkel reclaims EU anchor role in 2018 agenda

Germany's Chancellor Angela Merkel announced her intention to cooperate with France to keep the EU together and promised to form the next government with no delay.

Sun, 31 Dec 2017 06:58:08 GMT

China ceases 553 auto models production on fuel consumption

China is likely to stop the production of 553 passenger car models that have not suited the government's standards of fuel consumption.

Sun, 31 Dec 2017 06:14:31 GMT

China services PMI rises to 55.0 in December

The PMI for China's services industry increased from 54.8 to 55.0 in December, suggesting that the sector continued to expand, official survey indicated.

Sun, 31 Dec 2017 06:13:25 GMT

Ineos says Forties Pipeline System entirely operational

London-based chemicals company Ineos confirmed that its Forties Pipeline System in the North Sea was back in business after being shut due to the discovery of crack in the system.

Sun, 31 Dec 2017 05:20:25 GMT

Goldman suggests crypto, credit to shadow US economy in 2018

Goldman Sachs economist Jan Hatzius stated that financial imbalances, including cryptocurrencies and credit markets, would shadow the robust US economy in 2018.

Sun, 31 Dec 2017 05:19:00 GMT

China factory growth slows in December

Chinese manufacturing sector's growth eased modestly in December, as tough air pollution measures and cooled real estate market began to weigh on the economy.

Sat, 30 Dec 2017 21:20:23 GMT

Man takes 11 hostages in Kharkov

On Saturday, two children and nine adults were taken hostage by a man in a post office in the city of Kharkov.

Sat, 30 Dec 2017 21:18:56 GMT

Russian FSB detains suspect in Saint Petersburg supermarket blast

The Russian FSB reported on Saturday that it detained the organiser and executor of the Saint Petersburg supermarket blast.

Sat, 30 Dec 2017 19:55:23 GMT

Turkey says Greece grants asylum to suspect of coup attempt

The Turkish Foreign Minister stated on Saturday that Greece granted asylum to one of the eight Turkish soldiers accused of the July coup attempt.

Sat, 30 Dec 2017 19:54:20 GMT

Ripple becomes world's second cryptocurrency

The digital currency Ripple jumped 53% over the past 24 hours, becoming the world's second-largest cryptocurrency.

Sat, 30 Dec 2017 18:50:34 GMT

Cotton becomes best performing crop commodity

Data released on Saturday showed that cotton posted the largest annual gain among major agricultural commodities.

Sat, 30 Dec 2017 18:50:15 GMT

Pershing Square, Valeant settle insider-trading claims

Pershing Square Holdings and Valeant Pharmaceuticals International agreed to pay $290M to resolve allegations over insider trading.

Sat, 30 Dec 2017 17:54:53 GMT

Investors express optimism over oil market

Ashley Petersen, Stratas Advisors' oil-market strategist, reported that company expected oil prices to remain in the green territory during the first half of 2018.

Sat, 30 Dec 2017 17:53:29 GMT

Bitcoin to boost Japanese economy in 2018

Japan's financial holding company Nomura said that the country's economy could get a significant boost in 2018 from the world's largest cryptocurrency Bitcoin.

Sat, 30 Dec 2017 16:51:49 GMT

Oi's investor calls for legal action against CFO, CEO

Oi SA's biggest investor called for the company's shareholders meeting to vote whether to undertake legal action against the CFO and CEO.

Sat, 30 Dec 2017 16:51:36 GMT

Gold celebrates its best year since 2010

Data released on Saturday showed that gold futures surged 13% in 2017, marking the second consecutive annual rise and best year since 2010.

Sat, 30 Dec 2017 16:08:21 GMT

Germany's former FinMin does not exclude minority government

Wolfgang Schaeuble urged formation of new government by Merkel's Conservatives and Social Democrats, where the minority government could not be excluded, if no agreement is reached.

Sat, 30 Dec 2017 16:07:40 GMT

Air Baltic to get eight Bombardier CS300 in Q1 2018

Latvia's airline Air Baltic is set to receive from Bombardier the eight brand new CS300 jets out of 20 ordered in the March quarter of 2018, the company said.

Sat, 30 Dec 2017 15:15:15 GMT

China anticipates Pakistan highway to fuel trade, lessen terrorism

The highway built in the north of Pakistan within the CPEC was opened recently, with experts saying it would encourage trade and reduce terrorism in the region.

Sat, 30 Dec 2017 15:14:38 GMT

Brussels Airlines set to diminish costs by up to 15%

Lufthansa's unit Brussel Airlines announced plans to diminish costs by 10-15% in 2018, aiming to remain competitive with its low-cost rivals, the CEO Bernard Gustin said.

Sat, 30 Dec 2017 14:03:40 GMT

Uniper criticizes Fortum for absence of clarity

The CEO of Uniper criticized suitor Fortum for unclarity about the company's intentions in a €8B worth takeover of Germany's energy producer.

Sat, 30 Dec 2017 14:02:30 GMT

Infineon Technologies not vulnerable to be taken over

Germany's chipmaker Infineon was not a primary takeover goal despite mergers within the sector, such as Broadcom's offer for Qualcomm, the company's CEO said.

Sat, 30 Dec 2017 13:29:23 GMT

Around 6K Swiss owners of VW seek damages in ‘Dieselgate' scandal

Swiss SKS, the consumer protection organisation, filed a complaint on behalf of 6K owners of Volkswagen seeking damages from the German car maker and its dealer AMAG related to the emissions scandal.

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