News

Note: This section contains information in English only.
Wed, 25 Oct 2017 19:23:56 GMT

US September new home sales rise unexpectedly

Data released by the Census Bureau on Wednesday revealed new residential sales improved unexpectedly in September, jumping to the highest level in around 10 years.

Wed, 25 Oct 2017 19:22:28 GMT

US oil refinery inputs average over 16M barrels a day

In the week ended October 20, US crude oil refinery inputs averaged around 16M barrels per day, nearly 568K barrels a day more that in the preceding week.

Wed, 25 Oct 2017 14:56:50 GMT

BoC: Labour market remains sluggish despite job gains

The Bank of Canada said the country's labour market had not yet picked up speed despite solid job gains; however, wage growth could accelerate in response to labour shortage.

Wed, 25 Oct 2017 14:54:06 GMT

BoC keeps interest rates steady at 1%

The Bank of Canada maintained its overnight rate target at 1% on Wednesday, adding that reduced monetary stimulus did not offset future risks and uncertainties for the economy.

Wed, 25 Oct 2017 14:06:47 GMT

EU 27 to hold talks on future ties with Britain

The remaining EU states are set to launch internal discussions on Wednesday over the transition period and future relations with London after Britain's withdraw from the bloc.

Wed, 25 Oct 2017 13:57:58 GMT

Carlyle Group names new CEOs as founders quit

On Wednesday, Carlyle Group named Kewsong Lee and Glenn Youngkin as its new co-Chief Executives as the company's co-founders William Conway and David Rubenstein stepped down from their roles.

Wed, 25 Oct 2017 13:29:14 GMT

UK May to keep fighting against US tariffs on Bombardier jets

The UK Prime Minister Theresa May vowed on Wednesday to keep on fighting against the US decision to impose tariffs on the Bombardier CSeries aircraft after Boeing's competition complaint.

Wed, 25 Oct 2017 13:23:28 GMT

Citigroup to hire 20 bankers amid return to Saudi Arabia

Citigroup is planning to hire about 20 bankers as it re-enters Saudi Arabia and is set to begin operations in its Q1, after receiving the Saudi investment banking licence.

Wed, 25 Oct 2017 12:17:29 GMT

Coca-Cola posts 38% jump in Q3 profit

On Wednesday, Coca-Cola reported strong third quarter results showing its profit surged 38% amid growing demand for its tea, coffee and Sprite in North America.

Wed, 25 Oct 2017 12:08:27 GMT

France set to ratify CETA trade accord in 2018

French Parliament is planning to ratify the Comprehensive Economic and Trade Agreement with Canada in the next year's second half.

Wed, 25 Oct 2017 11:18:37 GMT

Catalonia to be forced out of EU if gets independence

Spain's Economy Minister stated on Wednesday that Catalonia's independence would make it out of the Euro Area and the European Union, which would definitely hurt the regional economy.

Wed, 25 Oct 2017 11:17:32 GMT

VW head unaware of price-fixing in cartel probe

Volkswagen CEO Matthias Mueller stated that he was unaware of a price-fixing to be the part of the alleged conspiracy between German carmakers.

Wed, 25 Oct 2017 09:50:47 GMT

Canada decreases government budget deficit

The government of Canada has decreased the deficit projection of the country's budget from 28.5 billion Canadian Dollars to 19.9 billion CAD.

Wed, 25 Oct 2017 09:50:08 GMT

Kurds suspend independence drive

After the Iraqi forces seized a key city from the Kurdish forces the Kurds have agreed to suspend their independence effort and begin talks with the Iraqis.

Wed, 25 Oct 2017 09:32:00 GMT

Bain sees steady growth in global luxury market

According to Bain & Co, the Chinese and millennial consumers are helping boost global sales of luxury personal goods by 6% in 2017 to a forecasted $308B.

Wed, 25 Oct 2017 09:18:06 GMT

India agrees to negotiate Afghanistan with Kabul, US

India agreed to hold talks with Kabul and the United States over Afghanistan, its Foreign Minister Sushma Swaraj stated after meeting the US State Secretary Rex Tillerson on Wednesday.

Wed, 25 Oct 2017 08:33:36 GMT

Spain seeks to avoid economic harm to Catalonia

The Spanish government is trying to avoid economic damage to its wealthy region of Catalonia that may be caused by the Article 155 trigger, Spain's PM stated on Wednesday.

Wed, 25 Oct 2017 08:26:13 GMT

Toyota to scale back investment in Mexico plant

On Tuesday, Toyota Motor stated that it would scale back the investment in Mexico plant by 30% to $700M, cutting planned annual capacity to 100K vehicles.

Wed, 25 Oct 2017 07:33:39 GMT

Nissan's Leaf EV orders beat expectations

Nissan Motor stated on Wednesday that it had received over 9K orders for a new Leaf electric vehicle model in Japan, beating company's expectations.

Wed, 25 Oct 2017 07:29:11 GMT

Tillerson to visit India on Wednesday

The US State Secretary Rex Tillerson is set to arrive in India on Wednesday to meet its PM Narendra Modi, as both countries seek to deepen strategic and economic ties, amid China's rising influence in Asia.

Wed, 25 Oct 2017 06:32:26 GMT

Goldman aims at private equity expansion to offset trading funk

Goldman Sachs is planning its private equity expansion with intention to offset the latest trading declines and finance small, promising firms in the nearest future.

Wed, 25 Oct 2017 06:24:30 GMT

Sprint, T-Mobile prepare to decide on merger

The top US wireless carriers Sprint and T-Mobile are preparing the groundwork for their special board committees to decide on merger between the two companies.

Wed, 25 Oct 2017 05:21:27 GMT

Japan likely to declare deflation end ahead of 2019 tax hike

According to sources familiar with the matter, the Japanese government may declare the end to deflation ahead of the scheduled tax hike on sales in October 2019.

Wed, 25 Oct 2017 05:15:13 GMT

Honda to sell compact e-vehicles in Japan

Honda CEO stated on Wednesday that the carmaker was about to launch selling compact EVs in Japan in 2020, after the European release in 2019.

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