News

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Mon, 10 Jul 2017 04:06:59 GMT

Dalian Wanda ready to sell tourism projects, hotels to Sunac China

On Monday, the Chinese commercial property firm Dalian Wanda announced its willingness to sell 91% of tourism projects and 76 hotels to Sunac China for $9.3B.

Mon, 10 Jul 2017 02:52:42 GMT

Tillerson sees Russia to make first steps in Ukraine peace process

US Secretary of State Rex Tillerson stated that Russia has to make first move to de-escalate violence in Ukraine, adding that Washington's goal is Ukrainian territorial integrity restoration.

Mon, 10 Jul 2017 02:52:06 GMT

Kuroda reiterates BoJ's resolve to keep ultra-loose monetary policy

Haruhiko Kuroda, the Bank of Japan Governor, repeated the Central Bank's decision to maintain its ultra-loose monetary policy until inflation is stable above 2% growth target.

Mon, 10 Jul 2017 02:22:10 GMT

China's CPI flat at 1.5% in June

The Chinese National Bureau of Statistics revealed that the country's Consumer Prices Index remained unchanged at 1.5% in June, below forecasts for a 1.6% increase.

Mon, 10 Jul 2017 02:20:26 GMT

Japan posts weaker-than-expected current account surplus in May

The Japanese current account surplus has narrowed to $14.5B over the month of May, missing analysts' expectations, data released by the Finance Ministry showed.

Sun, 09 Jul 2017 19:56:17 GMT

Opposition in Venezuela marks 100 days of protests

On Sunday, opposition supporters in Venezuela marked the 100th day of protests against the leading socialist government blamed for economic stagnation and political repression.

Sun, 09 Jul 2017 19:54:24 GMT

Goldman Sachs is worst-selling fund manager in 2017, says FT

According to the Financial Times, the estimated outflows of around $26.7B from Goldman Sachs Asset Management's mutual funds make it the worst-selling fund manager in 2017.

Sun, 09 Jul 2017 18:57:50 GMT

Barron's: oil prices could reach $60 per barrel in late 2017

According to a report by Barron's, oil prices could rise to $60 per barrel in late 2017, thus responding to accelerating demand and reduced oil supply by OPEC.

Sun, 09 Jul 2017 18:51:31 GMT

Turks protest government crackdown in Istanbul

Massive crowd gathered in Istanbul on Sunday, thus supporting a 25-day march against the Turkish government crackdown - the biggest protest since last July's military coup.

Sun, 09 Jul 2017 17:51:55 GMT

Republicans disagree with Trump's idea for joint cyber security unit with Russia

Republicans expressed strong disagreement with the US President Donald Trump's idea to form a joint cyber security group with Russia due to loyalty concerns.

Sun, 09 Jul 2017 17:51:46 GMT

Report: VW managers informed about emissions saga month before disclosure

According to the German newspaper Bild am Sonntag, Volkswagen's top management had been informed about implications of emissions cheating a month before the public disclosure.

Sun, 09 Jul 2017 16:57:38 GMT

Algeria's Tassili Airlines signs $294M draft deal with Boeing

The Algerian Tassili Airlines concluded a draft deal with Boeing worth $294M for three 737-800 aircraft, the country's officials said on Sunday.

Sun, 09 Jul 2017 16:57:29 GMT

Tillerson: Russia must initiate action to bring peace to eastern Ukraine

The US Secretary of State Rex Tillerson said in Kiev on Sunday that Russia needed to make the first step to bring peace to eastern Ukraine, thus signalling support for Ukraine.

Sun, 09 Jul 2017 16:09:05 GMT

Zimbabwean President visits Singapore for medical treatment

As reported by The Standard, the 93-year-old President of Zimbabwe Robert Mugabe arrived in Singapore to receive medical treatment.

Sun, 09 Jul 2017 16:08:24 GMT

US McCain: healthcare bill likely to fail

On Sunday, the senior Republican Senator John McCain said he predicted the bill to repeal Obamacare to fail if put to a voting in the Senate.

Sun, 09 Jul 2017 15:02:38 GMT

Air France-KLM urges Interior Minister to ease airport security checks

Air France-KLM CEO Jean-Marc Janaillac urged the French Interior Minister to ease airport security checks that are causing major delays.

Sun, 09 Jul 2017 15:02:01 GMT

Aid workers recover 19 bodies in east Libyan desert

Khaled al-Raqi, the spokesperson of Red Crescent, said Libya's aid workers had recovered bodies of 19 Egyptian migrants in Libya's eastern desert.

Sun, 09 Jul 2017 14:12:24 GMT

Iraqi PM congratulates armed forces for Mosul "great victory"

The Prime Minister of Iraq Haider al-Abadi arrived in the city of Mosul on Sunday and congratulated the armed forces for their "great victory" over the Islamic State.

Sun, 09 Jul 2017 14:11:55 GMT

COSCO wants to buy Orient Overseas for $6.3B

On Sunday, China's COSCO Shipping Holdings proposed a $6.3B acquisition deal to Orient Overseas International, an investment holding company providing logistics services worldwide.

Sun, 09 Jul 2017 13:15:31 GMT

French FM: big US companies should "pay taxes they owe in Europe"

Speaking at a conference in Aix-en-Provence, the French Finance Minister Bruno Le Maire said the EU should urge big US companies to pay a fair share of taxes.

Sun, 09 Jul 2017 13:13:25 GMT

Germany pulls troops out of Turkish air base

The German Defence Ministry reported on Sunday the country had begun the withdrawal of its troops from the Incirlik air base.

Sun, 09 Jul 2017 11:56:00 GMT

Renzi to aks EU for less stringent deficit requirements

The former Italian Prime Minister Matteo Renzi said that he would ask the EU for less strict deficit requirements for 5 years in return for a commitment to improve Italy's debt pile if re-elected.

Sun, 09 Jul 2017 11:55:46 GMT

Brett may never happen

Britain's exit from the EU may never happen as its main political parties are too decided on the matter, said Vince Cable, the only candidate for leadership of the Liberal Democrats. 

Sun, 09 Jul 2017 11:10:43 GMT

Tax, public spending cuts possible at the same time in France

France's Finance Minister Bruno Le Marie said that it was possible to reduce taxes and public spending at the same time, as the country struggles to bring the budget deficit below the EU limit of 3% of GDP. 

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