News

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Thu, 21 Dec 2017 15:54:36 GMT

Finma says JPMorgan breached AML rules when dealing with 1MDB

The Swiss Financial Market Supervisory Authority said on Thursday that JPMorgan Chase & Co's unit in Switzerland had breached anti-money laundering rules when dealing with 1MDB.

Thu, 21 Dec 2017 15:30:51 GMT

Nestle seeks to sell US confectionery unit in Q1

Nestle expects selling its US confectionery business in the Q1 of 2018 amid the company's intention to explore some business strategic options, which made it to divest the unit.

Thu, 21 Dec 2017 15:19:30 GMT

Mexico and EU near new free trade agreement

Mexico and the European Union are about to reach a free trade agreement, after the both side resolve some issues like hammering out the agriculture access, they stated on Thursday.

Thu, 21 Dec 2017 14:35:24 GMT

Nokia signs smartphone patent licence deal with Huawei

Huawei and Nokia clinched a smartphone patent license patent accord with the Chinese Huawei, the companies stated on Thursday.

Thu, 21 Dec 2017 14:25:21 GMT

US initial jobless claims jump 20K last week

The number of applications for US unemployment benefits surged 20K to 245K in the week ending December 16, topping analysts' expectations for a 232K rise.

Thu, 21 Dec 2017 13:32:34 GMT

France's Foreign Minister arrives in Libya

The French Foreign Minister Jean-Yves Le Drian has visited Libya in a new push for the United Nations talks, saying its rival factions had to stick to the UN to prepare for the 2018 elections.

Thu, 21 Dec 2017 13:13:49 GMT

EASA urges airlines to replace Rolls-Royce engines

The EU Aviation Safety Regulator ordered the airlines to replace about 1K of Rolls-Royce Trent engines on the aircraft amid suspicion some of the components have got corroded.

Thu, 21 Dec 2017 12:00:00 GMT

Israeli Netanyahu describes UN as 'house of lies'

The Israeli PM Benjamin Netanyahu called the United Nations 'house of lies' right ahead of the vote on a draft verdict urging the US to annul the Jerusalem recognition as Israel's capital.

Thu, 21 Dec 2017 11:59:46 GMT

Car attack in Melbourne injures 14

On Thursday, a car that had rammed into the crowd of pedestrians in Australia's city of Melbourne hurt at least 14 people, the police reported, saying the driver and a suspect were arrested.

Thu, 21 Dec 2017 11:02:55 GMT

Bank of Greece: Greece, lenders need to discuss post-bailout plans

According to a report by the Bank of Greece, the country and its lenders should clarify the need and conditions for a ‘precautionary support programme' after the bailout ends.

Thu, 21 Dec 2017 11:00:25 GMT

Japan estimates annual 1% boost in GDP from free trade deal with EU

Japan's Cabinet Office showed on Thursday that a free trade agreement with the European Union would increase the country's GDP by 1% annually within the following 10-20 years.

Thu, 21 Dec 2017 10:28:38 GMT

BNY Mellon freezes $22B in assets held by Kazakhstan

The Bank of New York Mellon froze $22B in Kazakhstan's assets amid a lawsuit filed by a Moldovan businessman Anatolie Stati against the country's government.

Thu, 21 Dec 2017 09:30:55 GMT

Philippines beefs up cybersecurity ahead of China firms entry

The Philippines decided to boost its cybersecurity measures ahead of the planned entry of China Telecom and other related firms' entry into the country's telecom industry.

Thu, 21 Dec 2017 09:27:46 GMT

PM May forces her deputy to step down amid scandal

The British Senior Minister Damian Green was forced to step down by the Prime Minister Theresa May, following an inquiry over the pornography scandal he had been involved in.

Thu, 21 Dec 2017 08:33:32 GMT

UN's de Mistura to arrive in Kazakhstan for talks

The UN mediator Staffan de Mistura is set to attend the Syria peace talks in Kazakhstan's capital of Astana on Friday, the Kazakh Foreign Ministry reported.

Thu, 21 Dec 2017 08:28:39 GMT

EU launches inquiry into China e-bikes subsidies

The EU Commission started an investigation into whether China's electronic bicycles exporters benefited from the excessive state subsidies, raising trade tensions between Beijing and Brussels.

Thu, 21 Dec 2017 07:32:58 GMT

At least 12 injured as car rams into pedestrians in Melbourne

At least 12 people were injured on Thursday after a car rammed into the crowd of pedestrians in Australia's city of Melbourne. A car driver was arrested by the police later.

Thu, 21 Dec 2017 07:30:18 GMT

Nissan, Honda develop solid-state batteries for EVs

The Japanese carmakers Nissan and Honda are building up solid-state batteries designed for electric vehicles; however, cooperation between the two companies is still unclear.

Thu, 21 Dec 2017 06:11:42 GMT

Singapore industrial output at six-month low in November

Singapore's industrial production marked the weakest yearly growth pace of 9.0% in six months in November, compared with 14.6% in the prior month, signalling a tempering in economic expansion in the Q4.

Thu, 21 Dec 2017 06:11:00 GMT

Disney supports Fox's request for data protection in trial

Walt Disney joined 21st Century Fox in requesting the judge hearing the antitrust case of AT&T to enhance an order directed at data privacy in case of use in trail next year.

Thu, 21 Dec 2017 05:27:46 GMT

Uber struck by EU court when classified as transport service

The EU court stated that Uber should be ranked as transport service provider and regulated similarly to other taxi operators, the decision that could impact other online firms in Europe.

Thu, 21 Dec 2017 05:26:44 GMT

China's Didi raises $4B for expansion overseas

China's ride-sharing company Didi stated that it raised $4B in funds for expansion abroad and into spheres such as artificial intelligence, aiming to challenge Uber.

Thu, 21 Dec 2017 04:33:36 GMT

France to raise food prices, diminish bargain sales

France is expected to announce a plan to increase minimum food prices and reduce bargain sales as a part of the field-to-fork plan focused on increasing income of farmers.

Thu, 21 Dec 2017 04:29:42 GMT

BoJ keeps monetary policy on hold, remains upbeat on capex, consumption

The Bank of Japan announced its decision to keep monetary policy unchanged with a more upbeat assessment of capital expenditure and consumption, as recovery gained momentum.

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