News

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Sat, 25 Aug 2018 05:00:58 GMT

Thailand, China to facilitate trade

The Thai Deputy Prime Minister Somkid Jatusripitak and the Chinese State Councilor Wang Yong agreed to oppose unilateralism and protectionism and facilitate trade between the countries at a bilateral meeting.

Sat, 25 Aug 2018 04:33:02 GMT

UN to help with Korean Peninsula peace process

The United Nations is ready to provide all possible support for the peace talks on the Korean Peninsula, the UN Under-Secretary-General Erik Solheim says.

Sat, 25 Aug 2018 04:32:13 GMT

Commission: Norway's sovereign wealth fund should keep energy stocks

Norway's sovereign wealth fund should proceed to invest in energy stocks, a government-created commission recommends, an advice which contradicts with the country's central bank opinion.

Sat, 25 Aug 2018 02:56:13 GMT

US criticises $20.7M EU aid to Iran

On Friday, the US special representative for Iran Brian Hook criticised the decision of the EU to provide Iran $20.7M in aid and urged Brussels to help the US to end the threat of Iran to global stability.

Sat, 25 Aug 2018 02:55:15 GMT

Canada to rejoin NAFTA talks once Mexico and US resolve issues

On Friday, Canadian Minister of Foreign Affairs Chrystia Freeland claimed that Canada is planning to rejoin NAFTA talks on modernisation once the bilateral issues between Mexico and the US get resolved.

Sat, 25 Aug 2018 02:36:57 GMT

White House to cut $200M aid to Palestine

On Friday, a senior US State Department official claimed that Washington would cut $200M in aid to Palestine, planning to redirect funds for more prioritised projects.

Sat, 25 Aug 2018 02:27:19 GMT

Wells Fargo to cut over 600 mortgage jobs

On Friday, the fourth-largest bank of the US Wells Fargo claimed that it is planning to fire more than 600 mortgage employees because of the slowdown in the bank's mortgage business.

Fri, 24 Aug 2018 20:01:13 GMT

Mexico's economy shrinks more than expected in Q2

Mexico's economy shrank by 0.2% in the Q2 from the previous quarter, more than preliminary forecast in an estimate, the report from the statistics agency revealed.

Fri, 24 Aug 2018 20:00:28 GMT

Ryanair to stop free 10 kg bag in hand luggage overhaul

Ryanair is set to cease the company's long-standing practice of allowing to take a 10-kilogram hand luggage for free and is expected to charge between €6 and €10 from November.

Fri, 24 Aug 2018 19:56:06 GMT

WSJ: Trump Organisation's CFO offered immunity in Cohen probe

The Wall Street Journal said on Friday that the CFO for the Trump Organisation had been offered protection by the Federal prosecutors for giving information about Trump's former lawyer Michael Cohen.

Fri, 24 Aug 2018 19:55:53 GMT

President Trump cancels Pompeo's visit to North Korea

President's Donald Trump said on Friday that he has cancelled the Secretary of State Mike Pompeo planned visit to the DPRK because of insufficient progress towards the denuclearization of North Korea.

Fri, 24 Aug 2018 18:58:45 GMT

Missing tanker arrives at port in Togo

The crew's agency of a missing tanker with nineteen crew members said on Friday that the vessel has docked at the port of Togo after disappearing for over a week.

Fri, 24 Aug 2018 18:58:26 GMT

European stocks stable amid trade talks

European stocks were calm on Friday, as the latest round of trade talks between the US and China produced no breakthrough.

Fri, 24 Aug 2018 18:04:47 GMT

Global equity market surges after Powell remarks

Global stocks market surged on Friday following Fed Chairman Jerome Powell remarked that steady interest rate increases were best for the US economy growth

Fri, 24 Aug 2018 18:04:34 GMT

Gap stocks decline after Flagship brand reports drop in comparable sales

On Friday, Gap Inc shares fell eight pct in premarket trading, a day after Flagship brand reported another drop in similar sales.

Fri, 24 Aug 2018 17:15:09 GMT

Papa John's look for ways to stabilize restaurant chain

On Friday, Papa John's hired Lazard Ltd and Bank of America Corp to help look for ways to maintain the restaurant chain.

Fri, 24 Aug 2018 17:13:58 GMT

Oil edges higher on Chinese demands

On Friday, oil prices rose by 2% on signs of Iran sanctions may constrain worldwide supply, and that trade war is unlikely to stop China's needs for the US crude oil.

Fri, 24 Aug 2018 14:53:00 GMT

Cigna shareholders accept $52B acquisition of Express Scripts

Cigna shareholders voted in favour of the health insurer's proposed $52B Express Scripts acquisition, though the deal still required clearance from the antitrust authority.

Fri, 24 Aug 2018 14:52:24 GMT

Fed's Powell sees more hikes, if economy still strong

The Federal Reserve's steady interest rate increases were the best way to protect the recovery of the US economy, keep job growth strong and inflation under control, Jerome Powell, the Fed Chair, stated.

Fri, 24 Aug 2018 14:39:01 GMT

SocGen, UniCredit decline to comment on merger deal

Societe Generale and UniCredit declined to provide any comments on their potential merger deal on Friday.

Fri, 24 Aug 2018 13:39:14 GMT

Munich Re finalises talks with Guggenheim with no deal

Munich Re has completed its talks with Guggenheim Partners, the US fund manager, with no deal reached, according to Bloomberg News report published on Friday.

Fri, 24 Aug 2018 12:55:51 GMT

Enbridge to acquire Spectra Energy in $3.3B deal

On Friday, the Canadian biggest pipeline operator Enbridge stated it would acquire Spectra Energy Partners in a deal valued at $3.3B.

Fri, 24 Aug 2018 12:30:43 GMT

Four Toyota Motor group firms to establish JV for automotive tech

Four Toyota Motor group companies are set to establish a joint venture to merge their automotive technologies to rival with the self-driving component titans such as Bosch.

Fri, 24 Aug 2018 09:58:50 GMT

Germany looking for bank to assist its business abroad

Germany is looking for a global bank to help its domestic firms in their business abroad, the country's Finance Minister said in an interview published on Friday.

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