News

Note: This section contains information in English only.
Tue, 22 Aug 2017 07:53:37 GMT

Polish Eurocash wants to buy smaller competitor Mila

Poland's wholesale and retail group Eurocash announced that it signed letter revealing its intention to buy Mila, the company's smaller rival.

Tue, 22 Aug 2017 06:54:50 GMT

US, South Korea trade officials to discuss possible FTA revision

The US and South Korean officials are likely to start negotiations over possible amendment to the Free Trade Agreement reached five years ago.

Tue, 22 Aug 2017 06:54:11 GMT

US Embassy in Russia to suspend issuing visas for 8 days

The US Embassy in Russia announced that it would stop issuing tourist visas during eight days starting from Wednesday, in return for the Russia's decision to cap its staff.

Tue, 22 Aug 2017 05:54:33 GMT

Serbian President interested in more cooperation with China

Serbian President marked that Chinese firms made good progress in infrastructural projects completed in Serbia and more are set to come amid good relationships between both countries.

Tue, 22 Aug 2017 05:53:52 GMT

PBOC to enhance regulation of fintech companies

The People's Bank of China stated that it is set to strengthen regulation of fast-growing companies, which are engaged in financial technologies, in attempt to prevent risks.

Tue, 22 Aug 2017 05:04:56 GMT

Oil prices rise amid tightening supply

On Tuesday, crude oil prices rose by 0.3% to $51.83 a barrel amid a signs of a gradually lowering supply.

Tue, 22 Aug 2017 05:04:48 GMT

BHP wants to quit US shale business

On Tuesday, the Anglo-Australian BHP revealed its plans to exit from its unsuccessful American shale oil and gas business.

Tue, 22 Aug 2017 04:03:41 GMT

Trump plans to increase US presence in Afghanistan

On Monday, the US President Donald Trump revealed its plans to increase the US military presence in Afghanistan within the framework of a reviewed regional strategy, promising to "fight to win".

Tue, 22 Aug 2017 04:03:27 GMT

Sempra Energy to acquire Oncor for $9.45B

Sempra Energy announced it will acquire the US electric transmission and distribution service provider Oncor for $9.45B after its indirect owner failed to sell the company to Buffett's Berkshire Hathaway.

Tue, 22 Aug 2017 03:32:03 GMT

Macy's set to restructure its merchandising unit

Macy's announced that the company would restructre its merchandising unit and merge it with private and planning brands, which is likely to result in 100 jobs cut.

Tue, 22 Aug 2017 03:31:46 GMT

Trump to visit town near US-Mexican border in Arizona

Donald Trump would attend a border protection object located in a town near the US-Mexican border in Arizona, while looking for funding for the wall he intended to build.

Tue, 22 Aug 2017 02:09:44 GMT

OPEC to discuss extending or ending production cuts this Autumn

Kuwait Oil Minister stated that OPEC is expected to discuss at a November's meeting wether to end or extend production cuts.

Tue, 22 Aug 2017 02:08:15 GMT

Lockheed wins $427M US defence contract

Lockheed Martin and its subsidiary Lockheed Martin Aeronautics were awarded a $427M worth contract for pilot flight equipment and ancillary military equipment. the Pentagon stated.

Mon, 21 Aug 2017 19:51:02 GMT

Saudis to transfer airports ownership to sovereign fund

Saudi Arabia is set to move ownership of all airports to the Public Investment Fund, the country's major sovereign wealth fund, in privatization drive.

Mon, 21 Aug 2017 19:50:53 GMT

J&J requested to pay $417M in lawsuit on talc cancer risks

California jury ordered the Johnson & Johnson to pay nearly $417M to a woman claiming the development of ovarian cancer since she used the Johnson's talc-based products

Mon, 21 Aug 2017 19:20:42 GMT

China to boost financing guarantee services for small businesses

China is likely to enhance financing guarantee services provided for micro and small companies and the rural sector, rules published by the cabinet revealed.

Mon, 21 Aug 2017 19:18:31 GMT

EFTA court to offer way-out for UK after Brexit

The court of the EFTA is set to suggest a way-out for the United Kingdom, as it was looking for a new power to arbitrate in disputes following the EU quit.

Mon, 21 Aug 2017 18:07:12 GMT

Germany records deficit despite high tax revenues in July

The German government reported a budget deficit recorded in July, as record-high tax revenues were outweighed by increasing public expenditure.

Mon, 21 Aug 2017 18:06:29 GMT

JPMorgan promises to provide up to $2M to fight racism

JPMorgan stated on Monday that the company would contribute up to $2M to support human rights and fight racism after white nationalist rally, which was in Virginia.

Mon, 21 Aug 2017 17:15:48 GMT

OPEC oil supply likely to fall in August

OPEC oil supply would drop by 419K barrel per day in August, a company tracking OPEC shipments said, amid expectations for lower exports from Saudis and other producers' cuts

Mon, 21 Aug 2017 17:14:07 GMT

McDonald's to close 169 outlets in India

Fast food company McDonald's announced plans to close all the 169 restaurants in eastern and northern regions of India due to dispute with local partner.

Mon, 21 Aug 2017 16:23:27 GMT

Maersk to sell gas, oil branch to Total

Danish company Maersk signed an agreement on selling the company's gas and oil business to France's Total for $7.45B in a combined debt and share transaction.

Mon, 21 Aug 2017 16:22:21 GMT

Norway faces weakest population growth in Q2 since 2016

Statistics Norway revealed that the weak growth of births and immigrations resulted in the lowest increase of population in the June quarter since 2016.

Mon, 21 Aug 2017 15:16:54 GMT

Britain ready to move onto Brexit talks second phase

The UK was confident that its Brexit negotiations with the EU were making enough progress to move to a next phase in the talks to discuss its further cooperation by October.

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