Chancellor Angela Merkel called on German car industry to clean up its act for the sake of it employees and the wider economy as she opened the Frankfurt motor show on Thursday, pointing to threats on the horizon to the combustion engine. “A lot of trust has been destroyed. That is why...
SoftBank Vision Fund, the world’s largest private equity fund, is considering a $500 million investment in the Hong Kong initial public offering of ZhongAn Online Property and Casualty Insurance Co Ltd, China’s first internet-only insurer, IFR reported on Thursday, citing people close to the...
An explosion late on Wednesday at a small coal mine in China’s northern province of Heilongjiang killed nine workers, the official Xinhua News Agency said on Thursday. The incident occurred at the Yuchen coal mine, which has 60,000 tonnes of annual production capacity, located in the...
The dollar steadied on Wednesday, with investors expecting another quiet day for the currency ahead of key inflation data due on Thursday that will be closely watched by the U.S. Federal Reserve as it considers when to raise interest rates. With most currencies trading in narrow ranges,...
Asian stocks wobbled on Wednesday but still marked a 10-year peak, cheered by record highs on Wall Street, while shares of Apple Inc’s (AAPL.O) suppliers dipped following the release of the latest iPhone. Futures suggested a downbeat start to the European trading day, with the Eurostoxx...
British budget airline easyJet (EZJ.L) on Wednesday launched a new booking platform to allow customers to use its website to book long-haul flights with other airlines, the company said. EasyJet said that customers would be able to buy other airlines’ flights on easyJet.com, and said it...
Oil prices edged lower on Monday on concerns that Hurricane Irma’s pounding of heavily populated areas of Florida could dent oil demand in the world’s top oil consuming nation. Losses were capped by weekend talks between Saudi Arabia’s oil minister and counterparts over a possible...
China’s regulator on Friday published draft rules that would restrict financing businesses using stocks as collateral. The draft rules on the so-called stock pledged repurchase business, published by the Shanghai and Shenzhen stock exchanges, will curb leverage and are aimed at reducing...
The dollar remained mired near its lowest levels since early 2015 as European Central Bank President Mario Draghi’s suggestion that the ECB may begin tapering its massive stimulus program this autumn continued to underpin the euro. Meanwhile expectations of another interest rate hike in...
Dubai-based United Engineering Construction (UNEC) plans to raise around 1 billion dirhams ($272 million) in debt to finance its building work on a major shopping mall project, banking sources familiar with the matter said. The company is building the Deira Mall in Dubai for United Arab...
European national consumer bodies pressed Volkswagen (VOWG_p.DE) to fix all emissions-cheating vehicles by the end of the year, in a joint letter on Thursday showing mounting impatience with the German carmakers response to the Dieselgate scandal. VW has pledged billion of dollars to...
Startup company Hotel Tonight, betting that superior mobile technology will give it an edge, is expanding its hotel-booking offerings and going toe-to-toe with the big online travel companies. Hotel Tonight early next month will allow users to reserve a hotel up to 100 days in advance...
Deutsche Bank (DBKGn.DE) chief executive John Cryan has called on the European Central Bank to change course on providing cheap money, warning he sees price bubbles in stocks, bonds and property. “The era of cheap money in Europe should come to an end - despite the strong euro,” Cryan...
Chinese companies signed commitments on Friday to finance and build railways and ports that will help Brazil export iron ore and soybeans, the two main commodities it sells to China, during a state visit by Brazilian President Michel Temer. China Communication Construction Co Ltd...
Commonwealth Bank of Australia (CBA.AX), the nation’s biggest lender, confirmed the existence of an internal report warning of shortcomings in its monitoring of offshore transactions after media said it had obtained the report. News Corp’s (NWSA.O) Sky News Business said CBA’s...
Travelers and fuel suppliers across the United States braced for higher prices and shortages ahead of the Labor Day holiday weekend as the country’s biggest fuel pipelines and refineries curb operations after Hurricane Harvey. Just six days after Harvey slammed into the heart of the...
(Eqtsad)- The northern Homs countryside has seen an unprecedented rise in the prices of food, commercial goods and fuel over the past week. The rise in prices preceded the agreement to reduce escalation that went into force three weeks ago. Based on the agreement, two...
Civilians fleeing Daesh's (ISIS) two remaining Syrian strongholds face "terrible, terrible conditions" in dozens of poorly-equipped informal camps, the International Committee of the Red Cross said Monday. Daesh is under pressure in the remaining areas it holds in Syria, with a U.S.-backed...
(Zaman Al Wasl)- Observers monitoring the governmental commercial deals happening within the Syrian regime apparatus and the names of the companies applying for these deals cannot help but notice that most of these companies include the word offshore in their name. What are these companies?...
(Eqtsad)- Syrian money exchange offices can be found in most Turkish cities. These offices make more financial profits than Turkish exchange offices because they exchange more money and take higher commissions to transfer money inside or outside but their work is not without anxieties. ...
