News

Note: This section contains information in English only.
Tue, 31 Oct 2017 06:10:04 GMT

Samsung names new generation of leaders

On Tuesday, South Korean giant Samsung decided to choose Kim Ki-nam to lead the Device Solutions division, Kim Hyun-suk to lead Consumer Electronics and Koh Dong-jin to lead company's IT and Mobile Communications.

Tue, 31 Oct 2017 05:23:22 GMT

NZ PM: foreign home buyers ban to start in 2018

On Tuesday, the New Zealand Prime Minister Jacinda Ardern said that acquisition of existing homes in the country by foreigners will be prohibited from early 2018. She added that these limitations would not apply to Australian citizens.

Tue, 31 Oct 2017 05:23:03 GMT

Sinopec considers two major projects in America ahead of Trump's visit

According to sources familiar with the matter, China's oil giant Sinopec is assessing two projects in the United States that could increase crude oil exports from the Middle East and enlarge storage facilities in the Caribbean.

Tue, 31 Oct 2017 04:29:56 GMT

South Korea, China agree to get relations back to normal

South Korea and China agreed to get relations back on the right track in the nearest future, following the high level negotiations between the countries, the Chinese Foreign Ministry said.

Tue, 31 Oct 2017 04:27:25 GMT

Apple to stop using Qualcomm chips in iPhones, iPads

Apple has designed the next year's iPhones and iPads that would cease the company's use of chips provided by Qualcomm, sources familiar with the matter said.

Tue, 31 Oct 2017 02:57:03 GMT

Japan industrial production falls less than anticipated in September

Japanese industrial output dropped less than estimated 1.1% in September, while businesses expect output to increase in the following month, holding the economy on a growth path.

Tue, 31 Oct 2017 02:56:18 GMT

Samsung Electronics profit increases to new record in Q3

Samsung announced that it would pay dividends of $29 trillion in the next three years, as the company's operating profit nearly tripled in Q3, fuelled by memory chip earnings.

Mon, 30 Oct 2017 20:49:57 GMT

Trump's ex-aides charged in Russia probe

While probing Russia's interference in the 2016 US election, federal investigators charged two US President Donald Trump's aides with money laundering. 

Mon, 30 Oct 2017 20:49:36 GMT

Qatar, US to strengthen counter-terrorism cooperation

Qatar agreed to strengthen counter-terrorism cooperation with the US to curb illicit financing of militant groups.

Mon, 30 Oct 2017 20:15:33 GMT

Dollar falls after biggest weekly gain this year

The US Dollar dropped following the biggest weekly gain this year last week as investors took profit and grew cautious due to news that the US President Donald Trump's former campaign manager faces charges of conspiracy against the US.

Mon, 30 Oct 2017 20:09:49 GMT

US Treasury to borrow $275B in Q4

The US Treasury expects to borrow $275B in the Q4, much less than previously planned as it approaches a statutory limit on federal budget.

Mon, 30 Oct 2017 19:00:26 GMT

Kobe Steel seeks $440M in loans

Kobe Steel was seeking $440M in loans from banks. Meanwhile, a shareholder offered a support since the company was trying to overcome the falsified product certification scandal.

Mon, 30 Oct 2017 19:00:07 GMT

Akzo Nobel to discuss $30B worth merger with Axalta

Akzo Nobel, Dutch paints maker, has discussed a possible merger with the US rival Axalta Coating Systems to build a $30B worth company, to recover after dismissing the takeover offer.

Mon, 30 Oct 2017 18:13:28 GMT

US consumer spending jumps 1% in September

The US consumer spending inched 1% in September, the fastest pace since 2009, amid replacement of the flood-damaged motor vehicles in Florida and Texas, while inflation remained muted.

Mon, 30 Oct 2017 18:12:45 GMT

Chinese banks report higher quarterly profits

Four of Big Five state-owned Chinese banks have reported higher quarterly profits, while bad loans‘ growth has slowed, amid scrutiny of the shadow banking sector and resilient economy.

Mon, 30 Oct 2017 17:03:15 GMT

Brent oil prices hold above $60 on Monday

Brent oil prices held above $60 a barrel during London session, amid anticipated OPEC-led production cuts that would be extended beyond March.

Mon, 30 Oct 2017 17:02:23 GMT

US to invest $60M in Sahel region's security

The US has promised $60M to support the counterterrorism efforts of the G5 Sahel Joint Force, in order to ensure stability and security of the regional partners, Tillerson said.

Mon, 30 Oct 2017 16:09:46 GMT

Euro zone sentiment hits record-high since 2001

The Euro zone economic sentiment surged in October for the fifth month to 114.0 points, reaching its highest level since January 2001.

Mon, 30 Oct 2017 16:09:31 GMT

Trump likely to name next Fed chair on Thursday

The US President Donald Trump is likely to appoint Jerome Powell as the next Federal Reserve chair, while the announcement is expected to take place on Thursday.

Mon, 30 Oct 2017 15:14:51 GMT

German inflation slows in October

Germany's annual inflation has slowed in October, remaining below the ECB target. Such data stimulated bank's decision to slowly eliminate monetary stimulus.

Mon, 30 Oct 2017 15:06:37 GMT

Wall Street suffers from Russia probe

Wall Street has opened lower on Monday, since investors evaluated the first charges‘ fallout that were connected with Russia probe into possible meddling in the last US election.

Mon, 30 Oct 2017 14:26:47 GMT

Apple, Facebook CEOs meets China's President Xi

On Monday, the Chief Executives of Apple and Facebook, Tim Cook and Mark Zuckerberg, met the Chinese President Xi Jinping at the annual adviser gathering in Beijing.

Mon, 30 Oct 2017 14:26:12 GMT

Ex-Catalan leader to meet lawyers in Brussels

Former Catalonia's leader Carles Puigdemont is about to arrive in Brussels to meet political representatives and lawyers, the Belgian broadcaster VRT reported on Monday.

Mon, 30 Oct 2017 12:51:19 GMT

Moscow-backed Syria Congress likely to happen soon

According to the RIA news outlet, a Russian-backed Congress of the Syrian ethnic groups is likely to take place next month in Russia, launching work on drafting a new constitution.

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