News

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Tue, 08 Aug 2017 02:59:02 GMT

Saudi Prince to invest more than $800M in Egypt

Alwaleed bin Talal, the Saudi Prince, is expected to invest over $800M in Egypt within his plan to develop the hotel, aviation and media sectors.

Tue, 08 Aug 2017 02:05:31 GMT

US Fed official supports keeping current rates in near term

The St. Louis Fed President James Bullard stated it's appropriate for the bank to keep current interest rates unchanged in the near future due to low inflation growth.

Tue, 08 Aug 2017 02:03:36 GMT

Renault signs joint venture deal in Iran

The French automotive company Renault announced that the company signed a new joint venture agreement in Iran with capacity of 150K vehicles a year.

Mon, 07 Aug 2017 17:50:21 GMT

Investor sentiment in Euro zone falls in August

Sentix reported that its Investor Confidence Index for the Euro zone dropped to 27.7 points in August, down from the prior month's 28.3, whereas analysts anticipated a fall to 27.8.

Mon, 07 Aug 2017 17:49:57 GMT

British house prices climb more than expected in July

Britain's Halifax reported on Monday that its House Price Index rose 0.4% last month, following the preceding month's fall of 0.9% and surpassing analysts' expectations for a 0.3% increase.

Mon, 07 Aug 2017 16:51:28 GMT

Tyson Foods beat analysts' expectations in Q2

The biggest US meat processor Tyson Foods Inc. reported better-than-expected profit and sales in the second quarter of 2017, driven primarily by increased export and meat prices.

Mon, 07 Aug 2017 16:51:06 GMT

Deutsche Bank leaves top rank of private banks

Germany's biggest lender Deutsche Bank left the rank of the world's TOP15 private banks in 2016, the researcher Scorpio Partnership reported on Monday.

Mon, 07 Aug 2017 16:01:41 GMT

Tillerson says US ready for dialogue with North Korea if missile tests are stopped

The US Secretary of State Rex Tillerson said on Monday that the United States was open for a dialogue with North Korea if the country ended its missile test launches.

Mon, 07 Aug 2017 15:58:45 GMT

UK's Corbyn says dialogue needed to stop violence in Venezuela

The leader of the British Labour Party Jeremy Corbyn said that a constructive dialogue that would respect the rights of all citizens was needed to halt violence in Venezuela.

Mon, 07 Aug 2017 15:19:00 GMT

German industrial output fell unexpectedly in June

Destatis reported that German industrial output dropped 1.1% in June, the first decrease in six months, while analysts expected a gain of 0.2%.

Mon, 07 Aug 2017 15:18:24 GMT

China and Africa to strengthen cooperation on renewable energy

China and Africa established the cooperation and innovation alliance, aiming to promote renewable energy and strengthen partnership between two countries.

Mon, 07 Aug 2017 14:32:22 GMT

Renault signs new joint venture deal in Iran

The French automaker Renault formed a new joint venture company in Iran following the last year's initial partnership agreement that would boost company's growth in the country.

Mon, 07 Aug 2017 14:19:02 GMT

Indian Eros in talks with Apple, Netflix, Amazon over library sale

India's movie production company Eros started negotiations with Amazon, Netflix and Apple over its music and film library sell as Bollywood seeks to boost its product offering in the global Internet service market.

Mon, 07 Aug 2017 13:32:53 GMT

Hearst invests $133M in Malaysia's iflix video streaming provider

The US media firm Hearst Communications joined EDBI and DBS private bank and led a $133M investment in Malaysian streaming video provider iflix, the company reported on Monday.

Mon, 07 Aug 2017 13:19:26 GMT

Russia seeks to reduce dependence on US payment systems

Russia's Deputy Minister Sergei Ryabkov stated that the country was aimed to cut dependence on the US Dollar as settling currency and its payment systems in response to the sanctions imposed by Washington.

Mon, 07 Aug 2017 12:21:49 GMT

UK denies media reports on €40B Brexit bill

The UK PM Theresa May's spokesman stated on Monday that Britain did not recognise media outlets reports that the authorities were willing to pay €40B for its withdrawal from the European Union.

Mon, 07 Aug 2017 12:02:25 GMT

Tesla wants to raise $1.5B to ramp up Model 3 production

On Monday, the electric car giant Tesla stated it sought to raise around $1.5B amid the carmaker's intention to fund production if its new mass-market Model 3 vehicle.

Mon, 07 Aug 2017 10:54:19 GMT

US firm Fiserv puts up offer for Monitise to $98M

The US financial technology company Fiserv raised its offer for Monitise to $98M on Monday, seeking to secure support from the UK financial service tech group's investors.

Mon, 07 Aug 2017 10:54:07 GMT

US, Australia, Japan urge world's community to pressure North Korea

Japan, Australia and the United States called the international community to put pressure on North Korea to stop its threats and implement additional diplomatic and economic sanctions over its ICBM tests.

Mon, 07 Aug 2017 10:01:11 GMT

Poll: Investor confidence in Euro zone stable, expectations fall

According to a poll by Sentix, sentiment of Euro zone investors remained stable in August, while future expectations fell globally, driven mainly by the sluggish US economy.

Mon, 07 Aug 2017 09:59:37 GMT

SoftBank interested in Lyft and Uber, says CEO

The CEO of SoftBank Group Masayoshi Son said on Monday that the company planned to invest in either Lyft or Uber Technologies; the final decision, however, was yet to be made.

Mon, 07 Aug 2017 09:23:31 GMT

Turkey's troops hold military exercises in Qatar

Turkish troops were holding joint military training exercises with Qatar, showing their strategic alliance in response to the boycott by the Arab Gulf states, which accused Doha of supporting terrorism.

Mon, 07 Aug 2017 09:09:08 GMT

61% of UK voters disapprove May's handling of Brexit talks

According to the ORB poll reported on Monday, 61% of the British voters disapprove the PM Theresa May's handling of the Brexit talks, compared to the prior month's 56%.

Mon, 07 Aug 2017 08:16:01 GMT

Samsung scion Lee may receive 12-year jail term

The South Korea prosecution is seeking a 12-year prison term for the Samsung's Vice Chairman Jay Y. Lee as the tech giant's scion is accused of corruption that led to the ex-President Park Geun-hye's ouster.

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