News

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Thu, 17 Aug 2017 04:56:16 GMT

Philippine economy expands 6.5% in June quarter

The Philippine GDP for the second quarter rose at an annualised pace of 6.5%, up from 6.4% growth registered in the March quarter, amid boom in construction.

Thu, 17 Aug 2017 03:56:12 GMT

Mexican negotiator urged NAFTA talks to include fintech discussion

Mexican negotiator stated that talks on the NAFTA renegotiation must include new financial services discussion, as fintech companies started to gain ground rapidly.

Thu, 17 Aug 2017 03:55:41 GMT

Australia to strengthen money laundering rules

Australia announced new measures aimed to strengthen money laundering laws, which included bringing bitcoin suppliers under the AUSTRAC remit.

Thu, 17 Aug 2017 02:50:15 GMT

Russia to begin construction of high-speed railroad in 2018

Russia would start building the first high-speed railroad between Moscow and Kazan in 2018, which is expected to be a part of a rail line linked with Beijing.

Thu, 17 Aug 2017 02:04:37 GMT

Malta signs educational and cultural deal with Italy

Malta signed an agreement with Italy, which identifies educational and cultural activities and partnership opportunities for both counties in a three years period until 2019.

Thu, 17 Aug 2017 02:03:53 GMT

Japan's exports up 13.4% in July

Japanese total exports increased 13.4% year-over-year in July, after a 9.7% rise in the prior month, being supported by solid growth in auto shipments to the US.

Wed, 16 Aug 2017 20:21:58 GMT

Fed's Mester expects further rate hikes

Loretta Mester, the President of Cleveland Federal Reserve Bank, said on Wednesday that the Fed should continue to increase interest rate despite announcement of recent data on the US inflation.

Wed, 16 Aug 2017 20:20:57 GMT

US asks South American countries to isolate North Korea

On Wednesday, the US Vice President Mike Pence urged Latin American countries to "break all ties with North Korea".

Wed, 16 Aug 2017 19:08:08 GMT

Iraq asks international community to help to investigate IS crimes

Ibrahim al-Jaafari, the Foreign Minister of Iraq, referred to international community for help to collect and retain evidence of war crimes and crimes against humanity committed by the Islamic State fighters.

Wed, 16 Aug 2017 19:07:28 GMT

Dollar falls amid Fed Policy Meeting Minutes

On Wednesday, the US Dollar depreciated against all major currencies, including the Swiss Franc and Japanese Yen, amid a release of the Fed Policy Meeting Minutes and Trump's decision to disband two business councils.

Wed, 16 Aug 2017 18:04:59 GMT

Trump closes Strategic and Policy Forums

On Wednesday, the US President Donald Trump decided to disband both the Manufacturing Council & Strategy & Policy Forum after a number of authoritative CEOs announced their resignations.

Wed, 16 Aug 2017 18:04:45 GMT

Guterres calls for dialogue to resolve Venezuelan crisis

On Wednesday, the UN Secretary-General Antonio Guterres urged Venezuelan government and opposition leaders to resume negotiations and find an acceptable solution to end political crisis within the country.

Wed, 16 Aug 2017 16:53:35 GMT

Moscow urges Iran not to quit nuclear deal

Sergei Lavrov, the Russian Foreign Minister, expressed hopes that Iran would not decide to quit the nuclear agreement reached in 2015 even if the US imposed more sanctions.

Wed, 16 Aug 2017 16:53:27 GMT

Maersk remains optimistic on 2017 prospective, despite loss in H1

Danish company Maersk reported a $264M loss for the first six months of 2017, though kept its yearly projections unchanged.

Wed, 16 Aug 2017 16:18:14 GMT

UK plans no immigration check at Irish border after EU quit

Britain is set to avoid any immigration checks for Irish and UK citizens along the border between both countries after Brexit, the government stated.

Wed, 16 Aug 2017 16:18:04 GMT

Amazon to continue expansion in Britain

Online retailer Amazon stated that it would build a new distribution centre in the UK next year and hire at least 1,000 additional staff.

Wed, 16 Aug 2017 15:22:42 GMT

US building permits fell unexpectedly in July

The Commerce Department reported that building permits in the US fell 4.1% to 1.22M units in July, missing analysts' forecasts for a figure of 1.25M units.

Wed, 16 Aug 2017 15:21:54 GMT

EZ economic growth accelerates more than anticipated in Q2

The Euro zone's GDP expanded by a quarterly 0.6% in the Q2 as previously anticipated, while yearly pace of growth accelerated to 2.2%, above expectations for a 2.1% rise.

Wed, 16 Aug 2017 14:29:57 GMT

Fiat Chrysler to join BMW driverless car alliance

Fiat Chrysler is aimed to join the BMW-led alliance to develop autonomous cars, aiming to put its self-driving vehicle technology into production by the year of 2021.

Wed, 16 Aug 2017 14:14:07 GMT

German taxpayers unlikely to fund Air Berlin rescue

The German Chancellor Angel Merkel stated on Wednesday that the country's taxpayers would unlikely pay for the Air Berlin rescue, one day after the struggling company filed for insolvency protection.

Wed, 16 Aug 2017 13:29:34 GMT

Merkel seeks pressure on carmakers to boost electric vehicles

On Wednesday, the German Chancellor Angela Merkel vowed to exert pressure on the carmakers as she was aimed to accelerate the transition process to electric vehicles.

Wed, 16 Aug 2017 13:20:10 GMT

EU calls Kenya's election commission to publish results online

The EU observers in Kenya urged the country's election commission to post all the remaining vote results on the website to ensure the accuracy and transparency of the process.

Wed, 16 Aug 2017 12:27:44 GMT

Japan, US conduct air drills as North Korea weights missile firing

The Japanese and US military jets conducted air drills on Wednesday on the Korean peninsula's southwest as North Korea was thinking over missile firing towards the US territory of Guam.

Wed, 16 Aug 2017 12:14:24 GMT

UnitedHealth CEO Hemsley to resign

The US biggest health insurer UnitedHealth announced on Wednesday that its CEO Stephen Hemsley was eager to quit his post and would be replaced by the President David Wichmann.

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