News

Note: This section contains information in English only.
Sat, 25 Nov 2017 11:38:59 GMT

Oi names new CEO ahead of meeting with creditors

Oi SA has appointed new interim CEO Eurico Teles, replacing Schroeder, who has resigned just a few weeks ahead of the crucial meeting with company's creditors.

Sat, 25 Nov 2017 11:38:24 GMT

MUFG to cooperate with Chinese banks amid tighter regulations

Mitsubishi UFJ Financial Group was aiming to cooperate with Chinese regional banks and was planning to hire additional risk and compliance employees amid tighter regulations.

Sat, 25 Nov 2017 11:04:04 GMT

Bangladesh, Myanmar to accept UNHCR assistance

Myanmar and Bangladesh have agreed to get the UN refugee agency's assistance for the repatriation of the hundreds of thousands of Rohingya Muslims.

Sat, 25 Nov 2017 11:03:30 GMT

South Africa to strengthen fiscal framework amid debt rating cut

According to South African Finance Minister, the country would use the annual budget of 2018 to outline decisive policy to strengthen the fiscal framework after S&P has cut its debt rating.

Sat, 25 Nov 2017 10:07:18 GMT

Amazon.com founder's net worth breaks $100B

The Amazon.com founder Bezos' fortune increased to $100.3B and he became the richest person in the world, as shares of the online retailer inched 2% higher after Black Friday sales.

Sat, 25 Nov 2017 10:04:47 GMT

Militants kill at least 230 at mosque in Egypt

Militants have killed at least 230 people at North Sinai's mosque, gunning down worshippers after bomb detonation, the deadliest attack in the modern history of Egypt.

Sat, 25 Nov 2017 08:20:17 GMT

Syria's opposition names new chief negotiator

The main opposition group of Syria has chosen a new chief negotiator, just a few days ahead a new round of the UN-backed peace talks in Geneva on November 28.

Sat, 25 Nov 2017 08:15:33 GMT

Trump picks White House Budged Director

The US President Trump has named the White House Budget Director Mulvaney, Consumer Financial Protection Bureau's acting director, until the permanent director is confirmed.

Sat, 25 Nov 2017 07:01:03 GMT

SPD to build coalition with Merkel's conservatives

Members of German SPD were looking forward the approval of the renewed coalition with Chancellor Merkel's conservatives as soon as the convincing proposal is presented.

Sat, 25 Nov 2017 06:59:39 GMT

Chinese financial regulator to terminate unqualified micro-lenders activity

Chinese National Internet Finance Association has issued a risk warning letter urging the unqualified institutions to stop lending loans to fend off financial risks.

Sat, 25 Nov 2017 06:19:46 GMT

Oi CEO resigns as vote over restructuring nears

The largest shareholder of Oi stated that its CEO resigned as the Brazil's telecommunications company entered a crucial phase in the bankruptcy proceeding.

Sat, 25 Nov 2017 06:19:04 GMT

BoJ Suzuki sees room to fine-tune YCC

BoJ's Hitoshi Suzuki pointed to a room to negotiate a fine-tuning of the Bank's yield curve control policy, fuelling chances of the rate hike before inflation meets its target.

Sat, 25 Nov 2017 05:15:14 GMT

Japan to spend nearly $17B to subsidize education

The Japanese government is likely to set aside around $17.93B to subsidize costs of education and enhance elderly care within an economic stimulus package due next month.

Sat, 25 Nov 2017 05:11:03 GMT

JP Morgan rents extra space in Frankfurt in response to Brexit

JP Morgan was the latest bank to respond to the UK looming quit from the EU by renting additional office space in Frankfurt, Germany, to accommodate more of its staff.

Sat, 25 Nov 2017 04:28:32 GMT

Brands abandon YouTube ads over children's images

Mondelez, Mars, Lidl and consumer goods makers scaled back ads from YouTube after clips of scantily dressed children were shown alongside the advertising of the main brands.

Sat, 25 Nov 2017 04:25:26 GMT

US regulator to sue Santander Bank on auto loans

The US consumer watchdog was preparing to sue Santander Bank, alleging that the Spain's bank overcharged borrowers over auto loans, sources said.

Sat, 25 Nov 2017 03:32:31 GMT

TransCanada regains 44K gallons of oil from spill site of Keystone pipeline

TransCanada stated that it recovered more than 1K barrels or 44K gallons of oil from a spill site of the Keystone pipeline in the city of Amherst, South Dakota.

Sat, 25 Nov 2017 03:32:00 GMT

Uber to announce price on SoftBank deal next week

Uber Technologies is set to proceed with a deal to bring in Japan's technology company SoftBank as a main investor by disclosing the price next week.

Fri, 24 Nov 2017 21:06:17 GMT

Global stock hits record highs, Euro strengthens against Dollar

Major US and global stock indices have reached the all-time highs during the New York session, supported by the strong corporate earnings, while the Euro has strengthened against the Dollar.

Fri, 24 Nov 2017 20:59:17 GMT

Macy's faces payment processing issues during Black Friday

According to the department store operator Macy's, payment processing with gift cards and some credit cards took much longer than usual in the stores during the Black Friday sales.

Fri, 24 Nov 2017 20:02:24 GMT

Ireland's government set to collapse weeks before summit on Brexit

The minority government of Ireland would set to collapse after the party has submitted no confidence motion in the deputy of PM, weeks before the Brexit summit.

Fri, 24 Nov 2017 20:00:50 GMT

Kosovo police arrests opposition leader

Police have arrested three lawmakers in Kosovo, including the main opposition leader, after they have failed to show up in the court on charges regarding the tear gas release in parliament.

Fri, 24 Nov 2017 19:00:25 GMT

GHOS to approach deal on bank capital rules

According to the ECB, the global banking regulators‘ oversight body would meet on December 7 to edge closer the deal on the post-financial crisis capital rules.

Fri, 24 Nov 2017 18:51:35 GMT

EU banks cut exposure to UK since vote on Brexit

European banks have cut exposures to Britain since the Brexit vote, as well as they were concerned about the cross-border deals‘ legality when the UK leaves the EU.

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