News

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Wed, 12 Apr 2017 05:13:59 GMT

Xi Jinping contacts Trump regarding North Korea

On Wednesday the President of Chinese People's Republic made a telephone call to US President Donald Trump in an effort to stress that a peaceful resolution is needed for the tensions building up in Korea.

Wed, 12 Apr 2017 05:13:18 GMT

Japan and US plan joint navy drills

The US Navy's strike group is planning to conduct joint drills with the Japanese navy in an effort to show force to the North Korean regime, as tensions in the region rise.

Wed, 12 Apr 2017 04:12:18 GMT

North Korea threatens with nuclear strikes

State media of North Korea announced a warning to Donald Trump that, if the country spots any signs of aggression from the US, it will retaliate with nuclear strikes. Meanwhile, the US Navy strike group continues on its path to the western Pacific.

Wed, 12 Apr 2017 04:11:40 GMT

Trump asks for spending cut plans

Although Donald Trump throughout his campaign and afterwards promoted the increase of fiscal spending on infrastructure, the President of the US has asked various government agencies to offer spending cut plans.

Wed, 12 Apr 2017 03:06:26 GMT

China's producer price inflation gains slow on steel oversupply fears

China's producer inflation growth slowed for the first time since mid-2016 as coal and iron ore prices tumbled, pressured by steel glut fears.

Wed, 12 Apr 2017 03:03:00 GMT

BOJ Governor says yen decline may spur achievement of inflation target

Haruhiko Kuroda, the Governor of the Bank of Japan, said further yen depreciation may help to achieve central bank's 2% inflation goal more quickly.

Wed, 12 Apr 2017 02:21:48 GMT

Obscurity over Toshiba earnings results is problematic

Japan Finance Minister Taro Aso revealed that an obscurity on why Toshiba Corp's earnings audit was not signed is problematic for financial markets and shareholders.

Wed, 12 Apr 2017 02:17:37 GMT

South Korea presidential contender promises extra budget if wins

South Korea's presidential frontrunner for the upcoming May 9 election Moon Jae-in pledged a supplementary budget to be prepared if he is chosen.

Tue, 11 Apr 2017 21:30:06 GMT

Remitly expands to UK

Remitly, a US-based digital payment transfer service that is also backed by Amazon, expanded its activities to the UK, now providing Britons with the capability of transferring funds abroad.

Tue, 11 Apr 2017 21:19:05 GMT

Gold, Yen and US bonds rise on geopolitical turmoil

On Tuesday, due to the rising tensions between Russia and the US, as well as the recent 'pleasantry exchange' between the US and North Korea, demand for safe-haven assets edged higher, with investors attempting to minimize risk by buying gold, the Japanese Yen and US Treasury bonds.

Tue, 11 Apr 2017 20:15:53 GMT

France revises up 2017 public deficit target

France revised its 2017 public deficit target to 2.8% of GDP from 2.7% stated in its draft budget proposal to be submitted to the European Commission on Wednesday, sources close to the matter reported.

Tue, 11 Apr 2017 20:13:51 GMT

Trump hints at Dodd-Frank revamp

The US President Donald Trump said on Tuesday that the White House was working on revamping the 2010 Dodd-Frank Wall Street reform law.

Tue, 11 Apr 2017 18:56:26 GMT

Bank of Italy says local banks need more time to get rid of bad loans

The Bank of Italy Governor Ignazio Visco said on Tuesday that Italian bank should be allowed to sell their bad loans in a "reasonable" amount of time.

Tue, 11 Apr 2017 18:53:14 GMT

Altice USA files for $2B IPO

On Tuesday, Altice USA, formed from the acquisition of Cablevision Systems and Suddenlink Communications, filed for an IPO that could raise up to $2B.

Tue, 11 Apr 2017 18:01:27 GMT

UCH shares plunge amid passenger-dragging scandal

Shares of United Continental Holdings dropped around 4.4% on Tuesday after the passenger-dragging scandal emerged.

Tue, 11 Apr 2017 18:00:01 GMT

North Korea threatens US with nuclear attack

North Korea's media reported on Tuesday that the government would launch a nuclear attack against the US at any signs of aggression.

Tue, 11 Apr 2017 17:08:38 GMT

San Francisco Fed's Williams eyes more rate hikes in 2017

In an interview with the German Borsen Zeitung, the President of the San Francisco Fed said he expected the Central Bank to increase interest rates three to four times in 2017.

Tue, 11 Apr 2017 17:08:17 GMT

Huawei seeks to strengthen its position in public cloud service race

The Shenzhen-based networking and telecommunications company Huawei said it sought to compete with Alibaba and Amazon in a public cloud service push. 

Tue, 11 Apr 2017 16:03:03 GMT

Eric Trump says decision to strike Syria influenced by Ivanka

Eric Trump told The Daily Telegraph that his "heartbroken and outraged" by the poison gas attack sister Ivanka had influenced the decision on the US President to strike Syria.

Tue, 11 Apr 2017 16:02:37 GMT

Le Pen and Macron tied in neck-and-neck presidential race

According to an Elabe poll, the far-right Marine Le Pen and the centrist Emmanuel Macron are set to be the leaders of the first round vote in the French Presidential Election.

Tue, 11 Apr 2017 15:06:27 GMT

JOLTS February job openings top economists' expectations

The US Bureau of Labour Statistics reported that job openings surged to 5.74M over the month of February, beating analysts' expectations for a 5.59M reading.

Tue, 11 Apr 2017 15:05:57 GMT

EU extends sanctions against Iran for human rights infringement

On Tuesday, the European Union prolonged by a year its sanctions against the Islamic Republic of Iran over alarming violations of human rights.

Tue, 11 Apr 2017 14:33:32 GMT

Putin expects toxic gas attacks faking to discredit Assad

On Tuesday, the Russian President Vladimir Putin stated that he was expecting the US to hit Syria with new missile strikes and fake toxic gas attacks there with intention to discredit Syria's President Bashar al-Assad.

Tue, 11 Apr 2017 14:16:33 GMT

Trump not to meet Pope during Italy G7 summit

According to the sources familiar with the matter, the US President Donald Trump is not likely to meet Pope Francis in May during the Italy G7 summit; the case that diplomats find highly unusual.

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