News

Note: This section contains information in English only.
Sun, 25 Feb 2018 14:00:41 GMT

Daimler plans to invest in China

The producer of Mercedes Benz is planning to invest almost $2B in China. The investment is planned to be carried out together with their Chinese partner BAIC.

Sun, 25 Feb 2018 13:25:55 GMT

Intesa bank is ready to finance Nord Stream-2

Intesa Sanpaolo bank stated that it is ready to finance Nord Stream-2 gas pipeline, however, the bank needs a clarity about the possible sanctions and restrictions which could be imposed by the EU. 

Sun, 25 Feb 2018 13:03:32 GMT

Labour Brexit chief to support new customs union with EU

Keir Starmer, the Brexit policy chief of British opposition Labour party, claimed that his party will support the creation of the new customs union with the EU after Brexit.

Sun, 25 Feb 2018 12:20:57 GMT

North Korea accuses US of trying to weaken inter-Korean relations

On Sunday, North Korea accused the US of attempting to weaken the improvement in relations between South and North Korea, adding that two Koreas have successfully cooperated during Olympics despite the US sanctions.

Sun, 25 Feb 2018 12:05:38 GMT

Iran claims it will continue clean-up operations in Damascus

Iran's General Mohammad Baqeri stated that Iran will continue clean-up operations against terrorist groups in the suburbs of Damascus, claiming that area held by terrorists is not covered by a 30-day ceasefire agreement.

Sun, 25 Feb 2018 11:17:33 GMT

Bezeq Israel Telecom's board to hold a special meeting on Sunday

On Sunday, the board of Bezeq Israel Telecom will hold a meeting after company's CEO Stella Handler and another Bezeq representative were arrested, being suspected in fraud and security offences.

Sun, 25 Feb 2018 10:57:01 GMT

EIB to investigate loans to Daimler AG

The European Investment Bank might ask to pay back loans provided to Daimler AG for research and technological development taking into consideration a diesel engine emissions-test cheating scandal.

Sun, 25 Feb 2018 10:04:36 GMT

Mexican president's visit to US postponed after Trump's call

The President of Mexico Enrique Pena Nieto postponed his plans for the first official visit to Washington after a phone conversation with the US President Donald Trump.

Sun, 25 Feb 2018 09:55:07 GMT

China to establish supervisory commission as new state organ

According to the Chinese state news agency Xinhua, the Communist Party of China stated that the supervisory commission, a new anti-corruption state organ, will be formed in the nearest time.

Sun, 25 Feb 2018 09:24:59 GMT

Xi plans to stay in office

The ruling party of China on Sunday set the stage for the President of the country to stay in office without any term restrictions.

Sun, 25 Feb 2018 09:24:28 GMT

NAFTA talks have made little progress

The already six months old negotiations have made progress only in working out technical details.

Sun, 25 Feb 2018 07:41:00 GMT

New NAFTA talks begin on Sunday

The representatives of Mexico and Canada met on Sunday morning in an effort to finish working on the NAFTA trade deal.

Sun, 25 Feb 2018 07:40:14 GMT

Financial markets prepare for Fed testimony

The spotlight of the financial markets on Sunday was shed on the upcoming testimony of the Federal Reserve head. The testimony is scheduled for Tuesday.

Sun, 25 Feb 2018 07:30:50 GMT

Artillery fire is exchanged in Kashmir

India and Pakistan have fired artillery rounds at each other in the border region of Kashmir. The event is creating doubts about the 15 year long lasting cease fire in Kashmir.

Sun, 25 Feb 2018 07:29:18 GMT

Villagers flee Kashmir border region

Villagers have been observed fleeing the borders region of Pakistan and India. The event serves as a basis for the expectations of further turmoil.

Sun, 25 Feb 2018 05:47:10 GMT

Central Bank of Philippines expects volatility

The central bank of the Philippines is preparing to manage excessive volatility. The volatility is expected due to the national currency trading at an eleven year low level.

Sun, 25 Feb 2018 05:47:02 GMT

US airlines cut ties with NRA

Delta Airlines and United Airlines have joined the group of corporations, which have refused to support the National Rifle Association in the US.

Sun, 25 Feb 2018 05:33:19 GMT

Cambodia votes in new election

On Sunday morning elections began in Cambodia. The ruling Prime Minister Hun Sen is expected to win the vote.

Sun, 25 Feb 2018 05:32:47 GMT

Markets doubt new Fed chair

It has been revealed by Reuters that financial market participants do not believe that the US markets can be properly protected by the new head of the Federal Reserve.

Sun, 25 Feb 2018 04:14:53 GMT

GE cuts $2.4B from largest pension deficit in S&P 500

General Electric cut the company's pension deficit by $2.4B, but remained the most underfunded between the S&P 500 companies according to reports for 2017 year.

Sun, 25 Feb 2018 04:14:05 GMT

Saudis expects oil output cuts to ease in 2019

Saudi Arabia's Oil Minister stated that OPEC, Russia and other allies might ease oil production cuts next year, as oil prices managed to recover from the crash.

Sun, 25 Feb 2018 03:32:20 GMT

Venezuela aims to recover 70% of oil production decline

Nicolas Maduro, the President of Venezuela, promised to recover 70% of the country's lost oil output in the first half of this year.

Sun, 25 Feb 2018 03:29:06 GMT

Ramsden expects BoE rate increase sooner than thought

The Deputy Governor Dave Ramsden stated that the Bank of England would need to hike rates sooner than he anticipated, if pay growth strengthens earlier in 2018.

Sat, 24 Feb 2018 20:59:31 GMT

Buffet's report remains in focus

As the weekend progressed on, calm settled around the world and various financial institutions and analysts continued to analyse the astonishing annual report of Berkshire Hathaway.

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