News

Note: This section contains information in English only.
Fri, 09 Mar 2018 10:13:46 GMT

UBS seeks moving some employees to Frankfurt

The Swiss bank UBS is planning to shift about 200 staff from London to Frankfurt, who got affected by Britain's decision to leave the European Union.

Fri, 09 Mar 2018 09:32:05 GMT

Uber drivers must be licensed in Czech Republic

The Czech Republic Prime Minister stated on Thursday that Uber drivers would need to be licensed and get business certificates to operate in the country.

Fri, 09 Mar 2018 09:17:34 GMT

Trump seeks meeting with North Korea's Kim

The US President Donald Trump stated he was ready to meet the North Korea's leader Kim Jong Un for the first time at the US-North Korea summit.

Fri, 09 Mar 2018 08:34:00 GMT

Ford's car sales in China drop 30% y/y in February

On Friday, Ford Motor reported its China vehicle sales plunged 30% year-on-year, according to the data release for the previous month, as the company continue struggling in the world's biggest car market.

Fri, 09 Mar 2018 08:30:38 GMT

Toshiba aims completing chip unit sale in three months

Toshiba is expecting to complete its $18B memory chip business sale by June or as soon as it awaits China to grant the company an antitrust regulatory approval.

Fri, 09 Mar 2018 07:33:31 GMT

Yamaguchi becomes Kobe Steel's President

On Friday, the Japanese Kobe Steel appointed Mitsugu Yamaguchi as the company's President to replace Hiroya Kawasaki, who said he would resign on April 1.

Fri, 09 Mar 2018 07:28:36 GMT

Japan's Tax Agency director plans to resign

According to Kyodo news agency, the Japanese National Tax Agency head Nobuhisa Sagawa intends to resign, following his alleged links to a cronyism scandal.

Fri, 09 Mar 2018 06:01:10 GMT

Wynn Resorts agrees to $2.6B Universal lawsuit settlement

Wynn Resorts is set to pay $2.6B to settle a lawsuit with the Japanese Universal Entertainment, ending a year-long dispute between the casino mogul Steve Wynn and his ex-associate Kazuo Okada.

Fri, 09 Mar 2018 05:56:25 GMT

Twitter names new Chief Technology Officer

On Thursday, Twitter appointed Parag Agrawal as the company's new Chief Technology Officer, following the resignation of Anthony Noto last month.

Fri, 09 Mar 2018 05:15:35 GMT

Toyota's Denso buys 4.5% stake in chipmaker Renesas

Toyota's affiliate Denso is acquiring an extra 4.5% stake in the chipmaker Renesas Electronics in a deal worth $800M, amid carmakers' intention to adopt self-driving technologies.

Fri, 09 Mar 2018 05:10:38 GMT

Japan urges US to lift steel import tariffs

Japanese aluminium industry called on the United States to withdraw new tariffs on aluminium and steel imports, amid concerns that the move could also hit the global trade.

Fri, 09 Mar 2018 03:54:58 GMT

China's consumer prices hit four-year high in February

China's consumer inflation surged to the highest level since late 2013 in February, largely due to increased prices of food, official report indicated.

Fri, 09 Mar 2018 03:54:06 GMT

BoJ keeps rates unchanged at negative 0.1%

The Bank of Japan announced its decision to keep rates steady at a negative 0.1%, remaining convinced that massive stimulus program would help inflation to reach the target.

Thu, 08 Mar 2018 20:54:31 GMT

US reports smaller change in natural gas storage

The US Energy Information Administration reported a smaller-than-expected change in natural gas storage in the week ended March 3, 2018.

Thu, 08 Mar 2018 20:54:14 GMT

Hong Kong not to prop up local currency

On Thursday, the Hong Kong Monetary Authority said that it did not want to issue bills to prop up the domestic currency until it reaches the limits of its trading.

Thu, 08 Mar 2018 20:03:03 GMT

China approves Foxconn IPO of subsidiary

Chinese authorities have approved the upcoming IPO of subsidiary of Taiwanese Foxconn, one of the biggest contract electronics makers in the world, on Shanghai Stock Exchange.

Thu, 08 Mar 2018 20:01:49 GMT

Snap to cut over 120 employees

According to a memo released on Thursday, Snapchat is set to slash over 120 engineers and reorganise its staff in a major company reshuffle.

Thu, 08 Mar 2018 19:17:37 GMT

Germany's Maas to become new Foreign Minister

According to one of the Social Democratic Party representatives, Germany's Minister of Justice Heiko Maas will be appointed as the new Minister for Foreign Affairs in a new coalition government led by Angela Merkel.

Thu, 08 Mar 2018 19:05:38 GMT

Italian president calls on parties to act responsibly after March election

On Thursday, Italian president Sergio Mattarella called for Italian politicians to act responsibly after the Italian general election on May 4, 2018, when parties will need to unify to form a new government.

Thu, 08 Mar 2018 18:19:30 GMT

Indian airlines to significantly expand their fleet

On Thursday, Indian airlines SpiceJet Ltd, AirAsia India and Jet Airways claimed that they were planning to add new aircrafts to their fleet as they look for an expansion in the fastest-growing airlines market in the world.

Thu, 08 Mar 2018 17:58:59 GMT

Saudi crown prince meets banking executives in London

On Thursday, Saudi Crown Prince Mohammed bin Salman, who is visiting the UK this week, met with HSBC group chief executive John Flint and Standard Chartered CEO Bill Winters.

Thu, 08 Mar 2018 17:14:08 GMT

US jobless claims rise 21K last week

The US Department of Labour reported that seasonally-adjusted initial jobless claims jumped 21K to 231K over the week ended March 3.

Thu, 08 Mar 2018 17:13:13 GMT

Canadian building permits up 5.6% in January

According to the data released by Statistics Canada on Thursday, the country's building permits were up 5.6% for the month of January.

Thu, 08 Mar 2018 16:08:31 GMT

Shareholders, EU accept Melrose's £7B bid for GKN

The UK-based investment company Melrose Industries plc has received an approval from its shareholders and the EU to carry on with the £7B hostile bid for the engineering group GKN. 

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