News

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Sun, 24 Feb 2019 12:31:32 GMT

Microsoft, ExxonMobil partner for cloud tech use

ExxonMobil, the biggest publicly traded oil and gas firm, stated that a new cooperation with Microsoft is likely to make Permian Basin operations the largest oil and gas acreage to use cloud technologies.

Sun, 24 Feb 2019 10:53:26 GMT

Deutsche Telekom sees solid growth in US, Europe

Deutsche Telekom reported strong expansion in the United States and Europe for the year of 2018, as the company's revenues grew 1.0% to $75.7B.

Sun, 24 Feb 2019 10:53:16 GMT

Eldorado Gold to rise gold output to over 500K

Canadas Eldorado Gold reported that the company was ready to increase yearly production to more than 500K in 2020, supported by the Klada gold mine restart in Turkey and the Lamaque project coming online in the home country.

Sun, 24 Feb 2019 10:17:54 GMT

Vitol anticipates oil prices to rally

The world's biggest energy trader Vitol stated that oil prices are likely to rally further, as OPEC production cuts and the US sanctions on Venezuela and Iran cause a the low-quality heavy crudes' shortage refiners rely on.

Sun, 24 Feb 2019 10:04:18 GMT

KKR, BlackRock to invest in ADNOC pipeline unit

BlackRock and KKR & Co are likely to invest $4B in Abu Dhabi National Oil Company's pipeline network, the first infrastructure partnership by a Middle East state-run oil firm and institutional investors.

Sun, 24 Feb 2019 09:27:04 GMT

US networking company to acquire Netcomm Wireless

Australian networking solutions solutions Netcomm Wireless is expected to be acquired by Casa Systems based in the US for $161M.

Sun, 24 Feb 2019 09:21:17 GMT

First Solar reports net sales above $2.2B in 2018

The US photovoltaic solutions supplier First Solar released the company's fourth quarter and full-year financial results for the last year, showing that net sales for stood at over $2.2B, with $691M coming from the final quarter.

Sun, 24 Feb 2019 07:28:12 GMT

Roche nears $5B deal to buy Spark Therapeutics

Swiss drugmaker Roche was nearing a $5B worth deal to acquire the US biotechnology company Spark Therapeutics, the WSJ reported, citing sources familiar with the matter.

Sun, 24 Feb 2019 07:02:24 GMT

British retailers curb investment plans before Brexit

The UK retailers announced plans for the least investment in seven years ahead of the quit from the European Union, while job cuts in the sector gathered pace, a survey revealed.

Sun, 24 Feb 2019 06:24:47 GMT

Taiwan export orders decline 6% in January

Taiwan's export orders fell to $40.49B in January, which was 6% down from the same period in the prior year and 6.7% from December, according to the country's economic authority.

Sun, 24 Feb 2019 06:19:12 GMT

Budget deficit of Philippines widens to more than $10B in 2018

The budget deficit of the Philippines widened to $10.7B or 3.2% of GDP in 2018, slightly exceeding the 3% target, data released by the BTr revealed.

Sun, 24 Feb 2019 04:13:08 GMT

India outlines new e-commerce policy

On Saturday, the Indian government proposed a new policy for its e-commerce sector, with a focus on data localisation.

Sun, 24 Feb 2019 04:12:13 GMT

EU expects UK to seek help to avoid food disruption under hard Brexit

On Saturday, EU's Agriculture Chief said that the European Union expects the UK to request for help to avoid food shortages under a hard Brexit.

Sun, 24 Feb 2019 03:13:07 GMT

Venezuela expels Colombian diplomatic staff

Nicolas Maduro, the Venezuelan President, said on Saturday that his administration had broken diplomatic relations with Colombia.

Sun, 24 Feb 2019 03:12:16 GMT

North Korean leader Jong Un begins trip to Vietnam

North Korea's leader Kim Jong Un began a long train trip to Vietnam on Saturday, for next week meeting with the US President Donald Trump.

Sat, 23 Feb 2019 20:59:35 GMT

Beijing registers 180,000 new businesses

The number of registered companies in Beijing rose by 180T to 1.65M by the end of 2018, the Beijing municipal administration reports.

Sat, 23 Feb 2019 20:58:49 GMT

China reports forex settlement surplus in January

The Chinese commercial banks reported a net forex settlement surplus of $12.1B in January, the first surplus in 7 months, the State Administration of Foreign Exchange reports.

Sat, 23 Feb 2019 19:48:01 GMT

China road freight volume rises

The Chinese road freight volume increased 6.3% in 2018, compared to the prior year, to 3.19B tonnes in January, the Ministry of Transport reports.

Sat, 23 Feb 2019 19:47:06 GMT

DPRK Kim Jong Un to visit Vietnam

The top leader of the Democratic People's Republic of Korea Kim Jong Un plans to make an official visit to Vietnam soon, the Vietnamese Ministry of Foreign Affairs reports.

Sat, 23 Feb 2019 19:38:22 GMT

Xi Jinping: financial sector needs to serve real economy

Reforms in the Chinese financial sector should strengthen its ability to serve the real economy, the General Secretary of the Communist Party of China Central Committee Xi Jinping says.

Sat, 23 Feb 2019 19:37:44 GMT

Macao visitors spending rises 13.6%

The total spending of visitors in China's Macao Special Administrative Region increased by 13.6% to $8.62B in 2018, compared to the prior year, the SAR's statistics service reports.

Sat, 23 Feb 2019 17:52:35 GMT

Xinjiang foreign trade rises 11.6%

The foreign trade of China's Xinjiang Uygur Autonomous Region increased 11.6% to $2.08B in January 2019, compared to the same period in 2018, a data released by the Urumqi Customs shows.

Sat, 23 Feb 2019 17:52:07 GMT

Bank of Valletta to resume non-SEPA transfers

The Bank of Valletta expects to resume non-SEPA transfers the next week after a cyber attack which forced to shut down bank's operations a week earlier.

Sat, 23 Feb 2019 17:29:39 GMT

North Macedonia, Italy seek to boost cooperation

The representatives of Italian and North Macedonian companies held a discussion on possible ways to further increase bilateral trade, the Italian Chamber of Commerce reports.

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