News

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Sat, 23 Dec 2017 14:01:39 GMT

Bundesbank refuses to create cryptocurrency for Euro Zone

According to the Euro am Sonntag, German Bundesbank excluded the possibility of introduction of specific digital currency for the Euro Zone and warned that investments in this type of asset is very risky.

Sat, 23 Dec 2017 13:02:07 GMT

Italy passes budget for next year

On Saturday, the Italian Parliament adopted the draft budget for 2018, which aims to decrease deficit to 1.6% from a targeted 2.1% this year. In addition to that, it includes a new "web tax", requiring companies to pay 3% from some Internet transactions.

Sat, 23 Dec 2017 13:02:01 GMT

Israel arrests three tourists amid unrest

According to a local police spokesman, three Turkish tourists were arrested in Jerusalem on Saturday over an incident at one of the Muslims' holy sites.

Sat, 23 Dec 2017 12:06:56 GMT

Russia believes US wants to provoke Kiev

On Saturday, a number of Russian senior officials said that the US decision to supply defensive arms to Ukraine is intended to provoke Kiev to resume military action in Donbass.

Sat, 23 Dec 2017 12:06:48 GMT

Macedonia adopts new budget despite protests

The Parliament of Macedonia has adopted a new draft budget, reducing the deficit to 2.7% from 2.9% this year. Neverthless, the VMRO-DPMNE party boycotted the vote, protesting against arrests of various politicians for an alleged violence in parliament in April.

Sat, 23 Dec 2017 11:14:57 GMT

Germany to cap number of new immigrants to 65,000 yearly

Germany should cap the number of incoming immigrants to 65,000 a year, a position that could prove divisive in the coalition talks, Chancellor Merkel's conservative Deputy Leader said.

Sat, 23 Dec 2017 11:14:10 GMT

China to reduce economic debt: PBoC

According to China's Central Bank Deputy Governor, the country will gradually reduce economic debt to prevent the buildup of the financial risks.

Sat, 23 Dec 2017 10:06:20 GMT

Apple to pay sanctions for interfering in FTC lawsuit

The US Magistrate judge has granted sanctions against Apple Inc and ordered to pay $25,000 for each day it failed to produce the evidence for the FTC lawsuit against Qualcomm Inc.

Sat, 23 Dec 2017 10:02:53 GMT

GVC to takeover Ladbrokes Coral in a £4B deal

Ladbrokes Coral, the high street bookmaker, has agreed to a takeover by GVC, the online rival, in a deal that is worth £4B, following two previous attempts to merge.

Sat, 23 Dec 2017 09:16:31 GMT

Turkey approves government's 2018 budget

Turkish government has approved the 2018 central budget that included raised spending on the defence and anticipated fiscal deficit of $17.28B.

Sat, 23 Dec 2017 09:15:24 GMT

Death toll rise to 90 people due to tropical storm in Philippines

According to the local police, the death toll rose to around 90 people amid tropical storm in Mindanao, Philippines, which has triggered flooding and mudslides.

Sat, 23 Dec 2017 08:10:36 GMT

Macron's reforms to play big role in Germany's coalition talks

The proposed European reforms by France's President Macron will be in focus in the talks between German Chancellor Merkel's conservatives and centre-left SPD to form a government.

Sat, 23 Dec 2017 08:00:22 GMT

China punishes more than 8,000 people for fiscal violations

China has punished over 8,000 people for being engaged in fiscal violations after an audit of the 2016 central budget spendings revealed multiple issues.

Sat, 23 Dec 2017 06:58:16 GMT

Chinese trade with North Korea expands in November

Trade between China and North Korea rose $388M in November, but was still close to the lowest levels of this year, as sanctions kept slowing business with an isolated neighbour.

Sat, 23 Dec 2017 06:57:21 GMT

RBS to pay $125M to resolve mortgage bond claims

Royal Bank of Scotland is likely to pay $125M to settle claims on its misrepresentations during sales of mortgage-backed securities to California's two pension funds.

Sat, 23 Dec 2017 06:22:35 GMT

Credit Suisse anticipates write-down of $2.3B from US tax reform

Credit Suisse announced expectations to take a $2.3B write-down during the fourth quarter of 2017, following the US tax system changes.

Sat, 23 Dec 2017 06:20:49 GMT

Keppel's unit to pay $422M to resolve bribery probes of Petrobras

Keppel Offshore & Marine agreed to pay more than $422M to resolve charges the company bribed Brazil's officials, including some from state-owned oil company Petrobras.

Sat, 23 Dec 2017 05:20:04 GMT

US businesses have up to a year to report for new tax bill

The US financial regulator stated that the country's companies would have up to a year for final report, as new bill complicated it to be made timely.

Sat, 23 Dec 2017 05:17:38 GMT

Boeing wins $6.2B contract for F-15 jets for Qatar

Boeing was awarded a $6.2B worth contract for 36 F-15 jets for air force of Qatar, the Pentagon stated in a statement.

Fri, 22 Dec 2017 21:12:12 GMT

Fiat Chrysler Automobiles to recall 1.8M vehicles

Fiat Chrysler US unit stated that it would recall 1.8M trucks in the US, Mexico, Canada and other markets to fix a detail and allow the driver to leave the park without the key ignited.

Fri, 22 Dec 2017 21:10:16 GMT

EBRD loans $350M to ArcelorMittal

The EBRD said that it extended a $350M worth loan to Ukrainian biggest steel mill, which is owned by ArcelorMittal, for environment and modernisation.

Fri, 22 Dec 2017 20:21:56 GMT

ED&F Man reports $144.6 pre-tax loss

Commodity trader ED&F Man showed in the report a $144.6B loss for the fiscal year ending September 30, citing solid underperformance in grains and sugar businesses.

Fri, 22 Dec 2017 20:19:57 GMT

Russian Rosneft reaches $2.7B agreement with Sistema

Russia's biggest oil producer Rosneft reached a settlement with the Sistema conglomerate, which is likely to pay out $1.7B to resolve the dispute on the Basneft oil firm.

Fri, 22 Dec 2017 19:18:09 GMT

Daimler expects US tax reform to lift net income of 2017

Germany's carmaker Daimler stated that the US tax reform is likely to result in the income tax advantage of €1.7B worth in the company's 2017 results.

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