News

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Sat, 18 Aug 2018 06:55:38 GMT

Pingan Bank's net income increases 6.5%

Pingan Bank's net income increased 6.5% to $1.9B in the first half of the year due to strong performance in the retail sector, financial report filed to the Shenzhen Stock Exchange shows.

Sat, 18 Aug 2018 06:54:45 GMT

China outbound investment increases

China's non-financial outbound direct investment increased to $65.27B in the first half of the year, a 14.1% increase from the same period a year ago, the Ministry of Commerce reports.

Sat, 18 Aug 2018 06:32:23 GMT

Volkswagen staff members: CEO, ex-CEO guilty

The former Volkswagen CEO Martin Winterkorn and the company's current CEO Herbert Diess have both been incriminated during the ongoing "dieselgate" investigation, the German magazine Spiegel reports.

Sat, 18 Aug 2018 06:31:14 GMT

Russia accuses US of violating international law

Russia has delivered a note of protest to the US State Department over the breach of international law with connection to Russian diplomatic mission in the US territories, the Russian Foreign Ministry says.

Fri, 17 Aug 2018 20:11:49 GMT

Germany reaches migrant deal with Greece

Germany's Interior Ministry said on Friday that Greece has agreed to take back migrants, who have previously applied for asylum in the Mediterranean country.

Fri, 17 Aug 2018 20:10:24 GMT

Wall Street edges higher on reports of trade progress

On Friday, the Dow Jones and the S&P 500 Industrials extended their earlier gains on news of potential development in reducing trade tensions between China and the United States.

Fri, 17 Aug 2018 19:10:00 GMT

President Trump asks SEC to consider abolishing quarterly corporate filings

President Donald Trump said on Friday, that he asked the US Securities and Exchange Commission to study whether to stop requiring public companies to report quarterly earnings.

Fri, 17 Aug 2018 19:09:47 GMT

Guajardo says Mexico-US bilateral NAFTA problems may be settled soon

On Friday, Mexico's Economy Minister Ildefonso Guajardo said that he hoped the outstanding bilateral NAFTA problems with the United States to be settled by the middle of next week.

Fri, 17 Aug 2018 18:15:57 GMT

Trump describes ex-aide Manafort as a good person

President Donald Trump said on Friday, that the bank fraud and tax evasion trial of his ex-campaign chairman Paul Manafort is unfortunate, and described him as a very good man.

Fri, 17 Aug 2018 18:06:52 GMT

US Dollar declines, as expectations of China-US trade talks ease nerves

The US Dollar fell against other major currencies on Friday, as demand for the safe-haven greenback decreased. Meanwhile, expectations are high between China-US trade talks scheduled for next week.

Fri, 17 Aug 2018 17:10:38 GMT

Turkish high court rejects appeal for US pastor Brunson's release

One of Turkish high court has rejected an appeal to release US pastor Andrew Brunson's from house arrest. According to Turkey's state-run news agency.

Fri, 17 Aug 2018 17:08:06 GMT

Trump claimsTurkey acted very badly in pastor Brunson case

The US President Donald Trump said on Friday that Turkey's acted very badly in the detention of US pastor Andrew Brunson.

Fri, 17 Aug 2018 15:52:45 GMT

Trump repeals military parade, plans visit to Paris

On Friday, the US President Donald Trump had to cancel the military parade scheduled for November amid high costs, saying he would head to Paris instead to commemorate the World War I end.

Fri, 17 Aug 2018 15:52:37 GMT

Merkel sees no progress to be made from meeting with Putin

The German Chancellor Angela Merkel stated she was not expecting much progress to be made over the conflicts in Syria and Ukraine from her meeting with Russia's President Vladimir Putin.

Fri, 17 Aug 2018 14:59:14 GMT

Canada posts annual inflation surge in July

The Canadian annual inflation rate surged to 3.0% in July due to price increase in all the eight components, according to the Statistics Canada's report on Friday.

Fri, 17 Aug 2018 14:52:35 GMT

Austria acquires Siemens trains in €1.5B deal

Siemens has signed a framework deal worth €1.5B with Austria's railway operator OeBB for a delivery of around 700 trains during the following five years.

Fri, 17 Aug 2018 14:39:22 GMT

Mexican minister sees breakthrough over NAFTA issues soon

The Mexican Economy Minister Ildefonso Guajardo stated he was expecting a progress on the NAFTA issues to be reached in the nearest time.

Fri, 17 Aug 2018 14:33:40 GMT

US introduces sanctions over human rights abuses in Myanmar

On Friday, the United States imposed sanctions related to the human rights abuses on two Myanmar's infantry divisions and four individuals.

Fri, 17 Aug 2018 13:36:21 GMT

CAVA to buy Zoe's Kitchen in $300M deal

The US privately-owned restaurant chain CAVA has agreed on an acquisition of Zoe's Kitchen, the publicly listed peer, for about $300M including debt.

Fri, 17 Aug 2018 13:33:33 GMT

Tyson agrees to buy Keystone for $2.5B

Tyson Foods is taking over Keyston Foods, the US chicken processor, from Brazil's Marfrig Global Foods in a deal valued at $2.5B.

Fri, 17 Aug 2018 11:50:28 GMT

Nordstrom shares surge on online sales report

Shares in Nordstrom, the upscale department store, jumped as much as 14% on Thursday, following its report of the better-than-expected Q2 sales growth amid an increasing number of its online buyers.

Fri, 17 Aug 2018 11:50:19 GMT

SJW rebuffs California Water's $1.45B takeover bid

SJW Group has rebuffed the $1.45B worth acquisition deal proposed by California Water Group, its CEO stated this Friday, as it seeks to complete the takeover of Connecticut Water Service.

Fri, 17 Aug 2018 11:36:11 GMT

Air France-KLM shares drop, Dutch pilots seek to strike

On Friday, shares of Air France-KLM plunged 4% due to unions' hostile reception to the firm's new director Benjamin Smith, with the Dutch pilots threatening to launch strikes amid working conditions.

Fri, 17 Aug 2018 11:32:30 GMT

Atlantia calls for special board meetings amid Genoa bridge collapse

Atlantia, Italy's toll-road group, is planning to hold special board meetings starting next week over the deadly collapse of the Genoa bridge the company operates, sources reported on Friday.

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