News

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Thu, 10 Aug 2017 18:09:41 GMT

Trump appoints Chatterjee to lead FERC

On Thursday, the US President Donald Trump had appointed Neil Chatterjee, as a president of the Federal Energy Regulatory Commission.

Thu, 10 Aug 2017 18:09:12 GMT

Trump blames McConnell for healthcare fiasco

The US President Donald Trump criticised the US Senate Majority Leader Mitch McConnell for inability to finally repeal and replace the 2010 Affordable Care Act.

Thu, 10 Aug 2017 16:54:58 GMT

OPEC expects higher oil demand in 2018

OPEC announced that it expects an increase in demand for crude oil in the next year, as the global consumption continued to grow.

Thu, 10 Aug 2017 16:54:26 GMT

US producer prices fall surprisingly in July

The Commerce Department reported that the US Producer Prices Index dropped 0.1% in July, while analysts anticipated a 0.1% rise.

Thu, 10 Aug 2017 16:35:56 GMT

GE to partially close NY facility, move manufacturing to China

General Electric announced that it would close the part of the company's manufacturing facility in the city of New York, planning to relocate it to China.

Thu, 10 Aug 2017 16:35:19 GMT

Tunisian airline transfers 22.7% more passengers in July

Tunisair reported a yearly increase of 22.7% in the amount of passengers in July, with the total number of 384K clients travelled by the Tunisian airline in the reported period.

Thu, 10 Aug 2017 14:54:21 GMT

New Zealand faces decrease in fuel spending in July

Statistics New Zealand reported that domestic drivers spent 4.9% less money on fuel over the course of July, the weakest monthly spending since February 2015.

Thu, 10 Aug 2017 14:54:11 GMT

ECB expected to change QE in September

The European Central Bank is more likely to change its QE programme in September, rather than in October, an analysts' poll showed.

Thu, 10 Aug 2017 14:21:16 GMT

Former City banker Rodriguez named as Barclaycard head

Barclays appointed the ex-Citigroup banker Barry Rodriguez as its Barclaycard International's director, the British bank reported on Thursday.

Thu, 10 Aug 2017 14:02:45 GMT

Mitsubishi plans new model export from Indonesia in 2018

Mitsubishi is eager to launch export of its new multipurpose car from the carmaker's Indonesian factory next year and is aimed to supply it to the company's new parent Nissan Motor.

Thu, 10 Aug 2017 13:21:22 GMT

EU puts entities, people to North Korean sanctions list

On Thursday, the European Union banned four entities and nine people, adding them to the North Korea sanctions list on the back of the United Nations measures against Pyongyang's missile tests.

Thu, 10 Aug 2017 12:51:58 GMT

Initial jobless claims jump 3K last week

The number of applications for US unemployment benefits surged 3K to 244K in the week ending August 5, following the prior week's upwardly revised 241K reading.

Thu, 10 Aug 2017 12:31:32 GMT

Man jailed to 10 years for spying on UAE for Iran

The United Arab Emirates sentenced an Iranian national to 10 years in prison for spying and aiding Iran's nuclear programme, the local news agencies reported on Thursday.

Thu, 10 Aug 2017 12:02:59 GMT

VW, Tata Motors end discussion on emerging markets collaboration

On Thursday, Germany's Volkswagen and Indian Tata Motors finished their negotiations over car development cooperation for emerging markets, saying the strategic benefits are below their threshold levels.

Thu, 10 Aug 2017 10:56:53 GMT

German lawmakers to arrive at Konya's air base in September

According to the Turkish foreign ministry, Germany's lawmakers are scheduled to visit German soldiers at Konya's air base on September 8 as a part of the NATO trip.

Thu, 10 Aug 2017 10:56:44 GMT

Washington to take "appropriate actions" on North Korea

The United States is willing to take "any appropriate actions" to protect the country from North Korean threats, following the North's plans to launch rockets on the US Pacific territory of Guam.

Thu, 10 Aug 2017 10:01:43 GMT

Philippines eyes domestic bonds sale to support Marawi rebuild

The Philippines would raise nearly $591.7M by sale of 20-year bonds in the country's market to fund the rebuilding of its southern city Marawi, the Finance Department stated.

Thu, 10 Aug 2017 10:01:31 GMT

Turkey to limit traffic of goods at Syria crossing

Turkey is set to impose limitation on the amount of non-humanitarian products movement at the border crossing with Syria, as the Syrian side remained under terrorist control.

Thu, 10 Aug 2017 09:26:55 GMT

Merkel's support slips six weeks ahead of election

According to the Infratest dimap poll, support for the German Chancellor Angela Merkel dropped by 10 points six weeks ahead of the election in which she sought to win another term.

Thu, 10 Aug 2017 09:12:35 GMT

Turkey issues detention warrants of 35 people amid coup crackdown

On Thursday, Turkey's government ordered detention of 35 people in Anadolu on suspicion of connections to the last year's failed military coup attempt.

Thu, 10 Aug 2017 08:29:21 GMT

London double-decker bus rams into building, injuring people

On Thursday, a double-decker bus rammed into a building in the South of London, leaving a number of passengers injured and two people trapped inside.

Thu, 10 Aug 2017 08:03:35 GMT

Toshiba seeks to sell its chip business by end-March

Toshiba is still making attempts to close its chip business sale by the end of the fiscal year to the upcoming March, hoping to cover a $6.3B impact in liabilities related to Westinghouse.

Thu, 10 Aug 2017 07:32:34 GMT

Toymaker Lego names Christiansen as new chief executive

The Danish toymaker Lego announced on Thursday it had appointed Niels B. Christiansen as a new chief executive with intention to replace Bali Padda, who would take a special advisory role for the company.

Thu, 10 Aug 2017 07:26:31 GMT

Venezuela's political crisis deepens, Peru afraid of civil war

The Peru Foreign Minister stated that the Venezuelan political crisis deepening might lead to civil war, following imploding of the country's economy under the rule of the President Nicolas Maduro.

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