News

Note: This section contains information in English only.
Sat, 28 Apr 2018 13:51:53 GMT

Sainsbury and Walmart close merger deal

Second and third largest supermarkets chains of the UK, respectively, Sainsbury and Walmart's subsidiary Asda have closed a ten billion pound worth merger.

Sat, 28 Apr 2018 12:59:49 GMT

Fosun launches luxury resort

The Chinese company Fosun on Saturday opened its new luxury resort Atlantus Sanya, which has cost the company $1.74B.

Sat, 28 Apr 2018 12:59:34 GMT

Russia wants to criminalize US sanctions

The PM of Russia has expressed approval of the idea to make it a criminal action to observe the sanctions that US has imposed on Russia.

Sat, 28 Apr 2018 11:33:25 GMT

Russia's Deripaska to cut stake in En+ Group

Russia's Oleg Deripaska, a sanctions-hit businessman, agreed in principle to cut his stake in the Russian firm En+ Group, which manages his hydropower and aluminium assets, to almost 50%.

Sat, 28 Apr 2018 11:29:30 GMT

Western Digital posts better-than-expected Q3 revenue

Western Digital topped analysts' estimates, reporting its Q3 revenue surged to $5.01B from $4.65B, driven by a higher demand for memory chips the company uses in smartphones and PCs.

Sat, 28 Apr 2018 10:33:50 GMT

Alphabet's President says tech firms must take greater responsibility

On Friday, the Alphabet's President Sergey Brin stated that technology firms must assume greater responsibility for their work's social impact on the back of the global awareness about digital services misuse.

Sat, 28 Apr 2018 10:24:51 GMT

Qingdao Haier shareholders support Frankfurt IPO

Shareholders of China's white goods producer Qingdao Haier backed the IPO plans on the Frankfurt Stock Exchange's regulated market, seeking to boost the firm's financial strength and asset-liability ratio.

Sat, 28 Apr 2018 09:58:45 GMT

Trump will maintain sanctions on North Korea

The President of the US Donald Trump has announced that the US will keep the sanctions on North Korea intact.

Sat, 28 Apr 2018 09:57:56 GMT

North Korea praises summit

The state news agency of North Korea on Saturday praised the inter-Korean summit.

Sat, 28 Apr 2018 09:32:06 GMT

Hainan Airlines to sell part of shares in Brazil's Azul

Hainan Airlines plans selling a fifth of its stake in Brazil's Azul to the United Continental's subsidiary Calfinco in a deal worth $138.3M, expecting to make a $42M profit after Azul's IPO in 2017.

Sat, 28 Apr 2018 09:25:48 GMT

Uber resumes operations in Austria's Vienna

The ride-hailing app Uber has restored its operations in the Austrian capital of Vienna, following a two-day suspension ruled by the court amid local taxi company's lawsuit against Uber.

Sat, 28 Apr 2018 08:32:34 GMT

Sprint, T-Mobile aim to complete merger deal by Monday

The US wireless carriers Sprint and T-Mobile US are finalising their deal terms, amid the companies' intention to complete the merger by Monday that would value Sprint at about $26B.

Sat, 28 Apr 2018 08:28:48 GMT

Boeing gets closer to purchase aerospace parts firm KLX

According to the Wall Street Journal's report on Friday, Boeing is getting closer to buy the aerospace parts firms KLX, as it seeks expansion into the aircraft-services business.

Sat, 28 Apr 2018 07:08:44 GMT

Australia to monitor North Korean ships

The Defence Minister of Australia Marise Payne ordered on Saturday to send P-8A Poseidon patrol aircraft to Japan to ensure that North Korean vessels do not carry on board goods prohibited by the UNSC resolutions.

Sat, 28 Apr 2018 07:02:24 GMT

US-China tensions greatly concern Southeast Asia

The Prime Minister of Singapore Lee Hsien Loong stated on Saturday that deteriorating trade relations between the United States and China is one of the key concerns for Southeast Asian nations.

Sat, 28 Apr 2018 06:11:19 GMT

Election campaign officially starts in Malaysia

The Prime Minister of Malaysia Najib Razak has officially began to compete against his mentor Mahathir Mohamad for the post of country's leader despite various claims unjust electoral system and sabotage.

Sat, 28 Apr 2018 06:02:43 GMT

China and India to improve bilateral communication

According to The Indian Foreign Secretary Vijay Gokhale, China and India have decided to enhance communication between their security forces in order to avoid escalation of conflict at border.

Sat, 28 Apr 2018 04:52:40 GMT

US court temporarily blocks Xerox, Fujifilm merger

A US Court has temporarily blocked the $6.1B merger between the Japanese Fujifilm Holdings Corp and the US-based Xerox Corp due to a filed lawsuit by one of Xerox's shareholders.

Sat, 28 Apr 2018 04:52:18 GMT

RBI lifts restriction for foreign investors

The Reserve Bank of India has cancelled a restriction for foreign investors that limited their investments to corporate and government bonds with the maturity above three years.

Sat, 28 Apr 2018 03:51:58 GMT

Nasdaq seeks to improve liquidity of small companies

Nasdaq Inc has asked the US Securities and Exchange Commission to allow smaller companies to trade in one US stock exchange instead of all 13 to increase their liquidity.

Sat, 28 Apr 2018 03:51:35 GMT

Shares of US telecom companies fall before T-Mobile, Sprint deal

Shares of the US-based telecom companies SBA Communications and Crown Castle International fell by 4% on Friday following the news of a soon T-Mobile and Sprint Corp merger deal.

Fri, 27 Apr 2018 19:50:44 GMT

Refining margins harm Chevron, Exxon quarterly results

Weak refining margins harmed Chevron's and Exxon Mobil profits in the first quarter, suppressing overall gains from higher oil prices.

Fri, 27 Apr 2018 19:50:12 GMT

Amazon's ad sales boom to challenge Facebook-Google dominance

Amazon's growing business activity of selling spaces on the website to merchants helped to double profits, as a step od challenging the dominance of Facebook and Google.

Fri, 27 Apr 2018 19:15:52 GMT

Germany's Merkel could see bilateral US-EU trade deal

Germany's Chancellor Angela Merkel stated that she could see talks on a bilateral trade agreement between the US and the EU, adding that the WTO was unable to ensure multilateral agreements.

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