News

Note: This section contains information in English only.
Tue, 13 Mar 2018 10:25:22 GMT

Wistron wins approval to build new site in India

Karnataka has granted Apple's supplier Wistron a permission to establish a new assembly facility in the Southern India, as part of the iPhone assembly work presumable expansion in India.

Tue, 13 Mar 2018 10:15:29 GMT

Finnish Solidium buys 3.3% stake in Nokia

The investment arm of the Finnish government Solidium acquired a 3.3% stake in Nokia worth about $1.04B, in its efforts to boost Finland's influence over the company.

Tue, 13 Mar 2018 09:13:59 GMT

Ukrainian central bank seeks buying up to $100M

Ukraine's central bank announced on Tuesday it was ready to acquire up to $100M in currency intervention, amid strength in the hryvnia currency during the prior month.

Tue, 13 Mar 2018 09:10:15 GMT

Spotify to launch its services in South Africa

The Swedish music streaming company Spotify is set to enter the South African market on Tuesday, amid rising demand for smartphones and digital services in Africa.

Tue, 13 Mar 2018 08:17:20 GMT

ING's plans to lift CEO pay trigger political protest

The Dutch financial services group ING scrapped its plans on Tuesday to raise its CEO Ralph Hamers' total pay package, amid pressure from the public and politicians who had triggered a protest.

Tue, 13 Mar 2018 08:07:39 GMT

Trump blocks Broadcom's takeover of Qualcomm

On Monday, the US President Donald Trump halted the Broadcom's takeover of Qualcomm, citing national security grounds, as the deal could grant China superiority in mobile communications.

Tue, 13 Mar 2018 07:32:00 GMT

US sees Trump-Kim meeting to take place

On Monday, the White House stated it was expecting a meeting between the US and North Korean leaders Donald Trump and Kim Jong Un to happen, despite Pyongyang's silence over the summit.

Tue, 13 Mar 2018 07:25:58 GMT

Grab, Japan's Credit Saison form JV for lending services

Southeast Asian Grab and the Japanese credit card firm Credit Saison have formed a venture, as they seek to provide lending services and loans in the region.

Tue, 13 Mar 2018 06:07:31 GMT

Mattis says Taliban interested in talks with Kabul

The US Defence Secretary Jim Mattis noted on Tuesday that Taliban had shown interest in exploring talks with Kabul in order to end the long-lasting war in Afghanistan.

Tue, 13 Mar 2018 05:54:46 GMT

GM asks South Korea to designate its plant foreign investment zone

The US-based car manufacturer General Motors has requested South Korea to designate its factory in Bupyeong as a foreign investment zone to receive corporate tax benefits.

Tue, 13 Mar 2018 05:22:14 GMT

Reuters: Japan to ask G20 for stricter AML rules for cryptocurrencies

Japan is set to urge other G20 countries to make stricter rules on cryptocurrencies in order to prevent their use for money laundering, as reported by Reuters.

Tue, 13 Mar 2018 05:11:24 GMT

Ofo receives $866M in financing led by Alibaba Group

The Chinese bike-sharing enterprise Ofo Inc has raised a record $866M in financing from both equity and credit investments led by Alibaba Group Holding Inc.

Tue, 13 Mar 2018 04:28:42 GMT

Japans wholesale prices increase 2.5% y/y in February

Japan's wholesale prices showed a 2.5% rise year-over-year in February, following a 2.7% gain in the prior month, the Bank of Japan stated,

Tue, 13 Mar 2018 04:27:17 GMT

Apple to buy Texture, digital magazine service

Apple is set to buy Texture, the digital service company providing access to magazine articles published by different companies for a subscription fee each month.

Tue, 13 Mar 2018 02:59:12 GMT

Mood of Australian businesses worsens last month

National Australia Bank reported on Tuesday that its Business Confidence Index dropped to 9 in February from the prior month's 11.

Tue, 13 Mar 2018 02:56:58 GMT

Japanese producer prices rise 2.5% in February

The Bank of Japan reported that its PPI climbed 2.5% last month, after rising 2.7% in January, in line with analysts' forecasts.

Mon, 12 Mar 2018 21:01:36 GMT

Chile to implement belt-tightening measures

Having inherited a bigger-than-expected fiscal deficit from the previous administration, the new Chilean government is now ready to implement belt-tightening measures.

Mon, 12 Mar 2018 21:01:11 GMT

Apple Music paid subscribers' number hits 38M

Speaking at the South by Southwest festival in Austin, TX, Apple's Senior VP of Internet Software and Services revealed that Apple Music now has 38M paid subscribers.

Mon, 12 Mar 2018 20:09:52 GMT

Trudeau supports Canada's metal workers

The Prime Minister of Canada has made an attempt to reassure the state's metal workers concerned about possible US tariffs that the government would always back them.

Mon, 12 Mar 2018 20:09:02 GMT

Trump to host Saudi Crown Prince at White House

On Monday, Trump's Press Secretary Sarah Sanders revealed that the US President would hold a meeting with the Saudi Crown Prince at the White House on 20 March.

Mon, 12 Mar 2018 18:52:58 GMT

Russia describes Theresa May's spy attack allegations as provocation

Russia described recent accusations made by the UK Prime Minister Theresa May that Moscow was likely responsible for poisoning the former Russian spy as a provocation.

Mon, 12 Mar 2018 18:51:32 GMT

US government posts $215B budget shortfall last month

The US Treasury Department reported on Monday that the government had a $215B budget deficit in February, compared to a budget shortfall of $192B in the same period last year.

Mon, 12 Mar 2018 18:20:54 GMT

DowDuPont CEO Andrew Liveris to leave company in April

Official sources reported on Monday that the DowDuPont CEO Andrew Liveris would step down on April 1, following up on the promise he made two years ago.

Mon, 12 Mar 2018 18:19:48 GMT

DowDuPont CEO Andrew Liveris to leave company in April

Official sources reported on Monday that the DowDuPont CEO Andrew Liveris would step down on April 1, following up on the promise he made two years ago.

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