News

Note: This section contains information in English only.
Thu, 02 Nov 2017 10:02:31 GMT

German unemployment slides 11K in September

The number of unemployed Germans fell 11K in September, exceeding analysts' expectations for a 10K drop, and compared to the prior month's downwardly revised fall of 22K.

Thu, 02 Nov 2017 09:24:55 GMT

Turkey buys Russia's S-400 air defence missiles for $2B

According to the TASS news outlet, Turkey has bought the advance S-400 air defence missile systems from Russia for more than $2B, raising concerns in the United States.

Thu, 02 Nov 2017 09:20:46 GMT

SoftBank secures $23.3B refinancing for ARM, Sprint buys

SoftBank announced on Thursday it had secured a $23.3B top loan deal to refinance the acquisition loans for the UK chip designer ARM and US telecommunication firm Sprint.

Thu, 02 Nov 2017 08:22:08 GMT

Etihad to halt flights to Dallas-Fort Worth in 2018

On Thursday, Etihad Airways announced that it would end the Dallas-Fort Worth route the next year, following American Airlines' decision to halt a codeshare deal between the two carriers.

Thu, 02 Nov 2017 07:59:23 GMT

Samsung Electronics appoints Roh as new CFO

Samsung Electronics named Roh Hee-chan as the company's new Chief Financial Officer to replace the ex-CFO Lee Sang-hoon, putting Roh in charge of a $68B corporate cash pile.

Thu, 02 Nov 2017 07:33:33 GMT

Ousted Pakistani PM to face trial in corruption probe

The ousted Pakistani Prime Minister Nawaz Sharif is set to face trial over the corruption allegations, linked to the London properties that his family owns.

Thu, 02 Nov 2017 07:28:42 GMT

Trump urges death penalty for man accused of NY attack

The US President Donald Trump urged for death penalty for an Uzbek man accused of the truck attack in New York that left eight people dead and a dozen injured.

Thu, 02 Nov 2017 06:30:53 GMT

Iraqi forces threaten to renew operations against Kurds

On Wednesday, the Iraqi forces threatened to resume military operations against the Kurds to capture the Kurdish-held territory over delay of handing over Iraqi borders' control.

Thu, 02 Nov 2017 06:07:37 GMT

Australian trade balance surprises markets

The ABS reported on Monday that the Australian trade surplus widened to $1.75B in September, compared to the prior month's $0.87B and topping analysts' expectations for a surge to $1.42B.

Thu, 02 Nov 2017 05:29:59 GMT

Lenovo posts 11% profit drop in Q2

On Thursday, China's PC maker Lenovo reported an 11% slide in its Q2 profit on supply constraints and difficulties in the personal computer market.

Thu, 02 Nov 2017 05:25:49 GMT

Trump to appoint Powell as next Fed chair on Thursday

The US leader Donald Trump is expected to name Jerome Powell as the next Federal Reserve chair on Thursday's afternoon.

Thu, 02 Nov 2017 04:31:41 GMT

China to diminish product tariffs, step up financing to bolster exports

China is set to cut tariffs imposed on imported consumer goods and increase bank financing aimed to support imports, the Vice Commerce Minister Wang Bingnan said.

Thu, 02 Nov 2017 04:30:27 GMT

Bank of England set to hike rate for first time in ten years

Bank of England was considering the interest rate increase to be made for the first time since 2007, despite the UK economic growth appearing slower than before the prior hike.

Thu, 02 Nov 2017 03:33:20 GMT

Facebook profit grows, with no effect from Russia'a scandal

Facebook announced that the company's quartelrly profit rose nearly 79%, despite Washington's criticism on failure to prevent Russia from using the company's advertising platform.

Wed, 01 Nov 2017 21:32:57 GMT

Equifax CEO, former Yahoo CEO to testify at Senate hearing

The current and former CEOs of Equifax Inc and the former Yahoo Chief Executive Marissa Mayer will testify before the US Senate panel over two massive client data breaches.

Wed, 01 Nov 2017 21:31:43 GMT

Dismissed Catalan leader won't return to Spain to testify

The ousted Catalan leader Carles Puigdemont does not plan to return to Spain to testify over the region's push for independence.

Wed, 01 Nov 2017 20:31:31 GMT

Fitbit reports $113M loss in Q3

Wearable device maker Fitbit reported a loss of $113M in the third quarter compared to a profit in the same period the previous year.

Wed, 01 Nov 2017 20:30:45 GMT

Saudi air strike kills 29 Yemenis

At least 29 civilians were killed in Yemen after a Saudi air strike destroyed a busy market in the north of the country, local media say.

Wed, 01 Nov 2017 19:33:22 GMT

China and Russia agree on further cooperation

China and Russia on Wednesday signed dozens of agreements in numerous areas including energy, space exploration and investment after a meeting between the Chinese Premier Li Keqiang and his Russian counterpart Dmitry Medvedev.

Wed, 01 Nov 2017 19:32:26 GMT

Iran hosts summit to boost cooperation in region

Iran, Russia and Azerbaijan representatives meet in Iran's capital Tehran to discuss collaboration in commerce, tourism and security.

Wed, 01 Nov 2017 18:11:59 GMT

Fed keeps rates unchanged, sees solid economic growth

The Fed kept interest rates unchanged and noted robust US economic growth and strengthening labour market, adding to signs that the central bank is on track to raise borrowing costs again in December. 

Wed, 01 Nov 2017 18:06:57 GMT

Goldman Sachs revises its estimate of US non-farm payrolls in October

Goldman Sachs economists revised their forecast of US non-farm payrolls for October to a 340K rise, up from a 325K gain, and raised their estimate of GDP for the Q3 by one percentage point to 3.1%.

Wed, 01 Nov 2017 17:19:35 GMT

US crude oil inventories down by 2.4M barrels last week

The Energy Information Administration reported that the US commercial crude oil inventories decreased by 2.4M barrels in the week ended October 27.

Wed, 01 Nov 2017 17:19:14 GMT

ISM Manufacturing PMI drops below 60-point mark

On Wednesday, data released by the Institute for Supply Management showed the US Manufacturing PMI dropped to the 58.7-point mark, missing expectations for a 59.5-point reading.

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