News

Note: This section contains information in English only.
Tue, 05 Sep 2017 20:07:15 GMT

US, UK push China to do more on North Korean crisis

In a telephone conversation on Tuesday, the UK Prime Minister Theresa May and the US President Donald Trump agreed that China must do more to convince North Korea to stop its nuclear tests.

Tue, 05 Sep 2017 19:14:06 GMT

Trump highlights denuclearization priority for North Korea

According to the White House, the US President Donald Trump continues to consider denuclearization of the Korean Peninsula, as the top priority in its response to the latest North Korean nuclear test.

Tue, 05 Sep 2017 19:13:40 GMT

Venezuela arrests nine PDVSA managers

According to sources close to the matter, Venezuelan authorities have arrested the state oil company's PDVSA nine executives, including the western region's boss Gustavo Malave.

Tue, 05 Sep 2017 18:21:35 GMT

Tronc acquires New York Daily News

On Tuesday, the Tronc Inc disclosed its acquisition of the 100-year-old New York Daily News tabloid from Mort Zuckerman, which gave it an access into the American top media market.

Tue, 05 Sep 2017 18:21:18 GMT

United Tech plans to buy Rockwell Collins for $30B

On Monday, the aerospace supplier United Technologies Corp revealed its plans to acquire the avionics and IT services provider Rockwell Collins Inc for $30B in an attempt to become one of the largest aircraft components maker.

Tue, 05 Sep 2017 17:10:36 GMT

Scotland to establish national bank

The Scottish First Minister Nicola Sturgeon said on Tuesday that Scotland planned to create a national bank to support innovation and investment.

Tue, 05 Sep 2017 17:06:37 GMT

Trump discards DACA immigration program

The US President Donald Trump discarded on Tuesday the DACA program which protected from deportation nearly million individuals who were brought to the US illegally as children.

Tue, 05 Sep 2017 16:01:22 GMT

HSBC to refer Latin American clients to UBS

HSBC reached a deal to relocate some of its private banking clients in Latin America to the Swiss UBS in a bid to refocus the company's strategy, Reuters reported on Tuesday.

Tue, 05 Sep 2017 15:57:54 GMT

United Technologies to acquire Rockwell Collins for $30B

The American aerospace supplier United Technologies Corp was to acquire Rockwell Collins Inc in a deal worth $30B, both companies announced on Tuesday.

Tue, 05 Sep 2017 15:29:18 GMT

Facebook looks for WhatsApp monetizing

The Wall Street Journal published on Tuesday that Facebook was finally ready to earn back some of the $22B it had spent during the acquisition deal buying the messaging service three years ago.

Tue, 05 Sep 2017 15:10:12 GMT

Wall Street slips on North Korea tensions

The US stocks slipped on Tuesday, since traders, who just returned from a holiday-lengthened weekend, reacted negatively to North Korea's most powerful hydrogen bomb test .

Tue, 05 Sep 2017 14:07:43 GMT

Ex-Georgian leader may face extradition if enters Ukraine

Ukraine stated it would review Georgia's request to arrest and deport the former President of Georgia Mikheil Saakashvili, if he returned to Ukraine in the following days.

Tue, 05 Sep 2017 13:55:44 GMT

Nasdaq closes $705M acquisition deal with eVestment

The US exchange operator Nasdaq is set to buy the investment analytics provider eVestment Alliance in a deal worth $705M, seeking to broaden its reach to the buy-side clients.

Tue, 05 Sep 2017 13:33:11 GMT

Newspaper firm Tronc acquires NY Daily News

The Los Angeles Times and Chicago Tribune owner Tronc stated it had bought Mort Zuckermann's New York Daily News, not disclosing the price of a deal.

Tue, 05 Sep 2017 13:15:23 GMT

BoE closes deal with Unite to bring pay dispute to end

On Tuesday, the Bank of England reached a deal with the Unite trade union to bring a pay dispute with its staff to an end, following the central bank's first employee strike in over 50 years.

Tue, 05 Sep 2017 12:33:45 GMT

Lego to phase out 8% staff as sales fall

Lego will cut 1.4K of its staff to revamp the business, following a record-low 5% sales drop in over a decade, the company announced on Tuesday.

Tue, 05 Sep 2017 12:25:14 GMT

Germany's Lilium raises $90M from Tencent, others

A German start-up Lilium, which is aimed to develop a five-passenger "flying taxy", raised a $90M round of funding from China's Internet giant Tencent and other top tech investors.

Tue, 05 Sep 2017 11:11:06 GMT

Merkel urges for more sanctions on North Korea

On Tuesday, Germany's Chancellor Angela Merkel will urge for more sanctions against North Korea at the EU meeting with the Foreign Ministers over the Asian country's nuclear ICBM programme.

Tue, 05 Sep 2017 11:11:04 GMT

LME trading fees may be scaled down

The London Metal Exchange trading fees will likely be reduced to boost liquidity at the world's largest and oldest industrial metal market.

Tue, 05 Sep 2017 10:14:40 GMT

South Korea supports talks with North Korea

On Tuesday, the South Korean President Moon Jae-in that confirmed that he and his country are open to any form of talks with North Korea. However, then he added that now is not the time.

Tue, 05 Sep 2017 10:14:33 GMT

Hyundai suffers from another supply disruption

On Tuesday, the South Korean Hyundai was forced to halt production on one of its plants in China after another supplier refused to deliver goods due to late payment.

Tue, 05 Sep 2017 09:29:17 GMT

Turkey's official to visit Bangladesh over Myanmar fights

The Foreign Minister of Turkey Mevlut Cavusoglu is eager to travel to Bangladesh amid official meetings over the fighting in Myanmar as Muslim-majority countries urge to stop violence against Rohingya.

Tue, 05 Sep 2017 08:51:47 GMT

Angry Birds' Rovio seeks for IPO to raise growth

The maker of "Angry Birds" mobile game Rovio Entertainment is seeking for an initial public offering as it aims to raise about $36M and make acquisitions, potentially using the company's shares.

Tue, 05 Sep 2017 08:27:42 GMT

Egypt tourism revenues jump 170% by August 2017

According to the Egypt's government officials, the country's tourism revenues soared by 170% in the time period from January 2017 to July 2017, reaching $3.5B.

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