News

Note: This section contains information in English only.
Tue, 17 Apr 2018 03:27:24 GMT

IMF sees solid growth for NZ, flags mid-term risks in housing

The International Monetary Fund stated that it anticipated New Zealand to reveal solid economic growth in 2018, but noted that the housing market posed some mid-term risks to the country's economy.

Tue, 17 Apr 2018 02:12:23 GMT

RBA: Australia's inflation to remain low

The Reserve Bank of Australia stated that there was a scant reason for a rate hike this month, as inflation stood below target and set to remain subdued amid sluggish pay growth.

Tue, 17 Apr 2018 02:11:30 GMT

UK, US blame Russia for cyber attacks

Britain and the US accused Russia that it launched cyber attacks on firewalls, routers and other equipment used by businesses, government agencies around the globe.

Mon, 16 Apr 2018 20:14:19 GMT

Dudley expects Fed to make up to four rate hikes

William Dudley, the NY Fed President, stated that the Federal Reserve is likely yo raise rate gradually three or four times in 2018, targeting policy rate to increase to 3%.

Mon, 16 Apr 2018 20:13:40 GMT

German firms worry about EU digital tax

The Association of German Industry stated that it opposed new regulations by the EC to make digital firms pay more tax, adding that it would result in extra burdens.

Mon, 16 Apr 2018 19:23:02 GMT

ECB Praet sees inflation recovering

The Chief Economist of the ECB stated that benign economic projections for the Euro Zone were underpinning the Bank's confidence that inflation within the bloc is set converge the target.

Mon, 16 Apr 2018 19:22:21 GMT

T-Mobile agrees to pay $40M on false ring tones

T-Mobile agreed to pay $40M to resolve the investigation that found the company set false ring tones and failed to resolve issues with delivering services in the US rural areas.

Mon, 16 Apr 2018 18:32:51 GMT

EU urges for compensation for US tariffs at WTO

The European Union is demanding compensation from the US for its aluminium and steel tariffs, despite Washington's statement the tariffs are not subject to the WTO rules.

Mon, 16 Apr 2018 18:14:43 GMT

Vermilion Energy set to acquire rival Spartan Energy

On Monday, the gas and oil producer Vermilion Energy announced it would acquire its rival Spartan Energy in a deal worth $1.11B that was seen to lift its light oil production in the United States and Canada.

Mon, 16 Apr 2018 17:32:07 GMT

Marriott Vacations in talks to merge with ILG

Marriott Vacations Worldwide is in advanced talks to clinch merger with the peer ILG, sending ILG's shares up 7% to $33.25 on such news, sources familiar with the issue reported.

Mon, 16 Apr 2018 17:28:36 GMT

JD.com to invest $85.4M in Allianz's China unit

JD.com is planning to invest $85.4M for a 33% stake in the global insurance firm Allianz's China unit on the back of the e-commerce company's push into the financial services.

Mon, 16 Apr 2018 16:32:20 GMT

France to develop its own messenger app like Whatsapp

France's government is developing its own messenger service, such as Whatsapp or Telegram, seeking to ease fears over foreign entities spying on the top officials' private conversations.

Mon, 16 Apr 2018 16:29:04 GMT

EU digital head to meet Zuckerberg over Facebook privacy row

The meeting of the EU digital chief Andrus Ansip and the Facebook's CEO Mark Zuckerberg over the social network's involvement in the user privacy scandal is set for April 17 and will be held in San Francisco.

Mon, 16 Apr 2018 15:05:53 GMT

VW considers buying majority stake in US truckmaker Navistar

Volkswagen announced it was considering to acquire a majority stake in the US truckmaker Navistar amid company's intention to expand its truck division globally.

Mon, 16 Apr 2018 15:01:15 GMT

AirAsia X has no plans to purchase Airbus A350 jet

The co-group CEO of Malaysia's AirAsia X stated on Monday the company would not buy the Airbus A350 widebody aircraft, claiming the jet was too expensive to make a purchase.

Mon, 16 Apr 2018 14:05:24 GMT

Russia starts blocking access to Telegram

Russian state regulator Roskomnadzor claimed that it has started blocking an access to Telegram messenger after a company refused to provide decryption keys.

Mon, 16 Apr 2018 13:57:42 GMT

Russia to consider counter-sanctions against US

On Monday, Russian news agency Interfax claimed that lower house of Russian parliament is planning to consider legislation of counter-sanctions in relation to new US sanctions in the next month.

Mon, 16 Apr 2018 13:22:11 GMT

US retail sales of automobiles increase in March

On Monday, the US Department of Commerce claimed that retail sales of motor vehicles have increased 0.6% after 0.1% decrease in February, with a 4.5% growth from a year ago.

Mon, 16 Apr 2018 13:12:56 GMT

US bans American companies from selling to ZTE

On Monday, the US Department of Commerce banned american enterprises from selling components to Chinese telecom giant ZTE for seven years due to the violation of US sanctions.

Mon, 16 Apr 2018 12:17:21 GMT

Warburg Pincus considers investment in Ant's $8B funding round

Warburg Pincus is in negotiations to invest in a funding round for the Chinese firm Art Financial Services Group that is seen to be worth no less than $8B, source familiar with the issue reported.

Mon, 16 Apr 2018 12:13:24 GMT

Carl Icahn announces sale of Tropicana Casinos for $1.85B

Carl Icahn, the hedge fund manager, is selling the majority of the Tropicana Entertainment casino business's operations and properties in a deal valued at $1.85B, Icahn Enterprise said on Monday.

Mon, 16 Apr 2018 10:51:12 GMT

Sanofi agrees to sell 12 brands portfolio to Cooper-Vemedia

France's drugs and healthcare group Sanofi is set to sell its 12 pharmaceutical brands to Charterhouse Capital's Cooper-Vemedia for $195M, both companies announced on Monday.

Mon, 16 Apr 2018 10:51:01 GMT

India's Ola to add 10K electric three-wheelers to its fleet

India's ride-hailing company Ola announced it would add 10K electric three-wheelers to the fleet within a year on the back of its plan to promote e-vehicles' use.

Mon, 16 Apr 2018 09:57:37 GMT

Strike on Syria impacts financial markets

The effect of the strikes on Syria could be seen on Monday, as bond yields increased while the price of oil declined.

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