News

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Sat, 08 Feb 2020 18:00:20 GMT

Rwanda central bank expects 8.1% growth

The central bank of Rwanda expects 8.1% economic growth in 2020 after an average growth of 10.9% in the first three quarters of 2019, the governor of the National Bank of Rwanda John Rwangombwa says.

Sat, 08 Feb 2020 17:01:31 GMT

Russia decreases key lending rate

The Russian central bank decreased the key lending rate to 6% from 6.25% amid slower than expected inflation, a report published by the bank shows.

Sat, 08 Feb 2020 16:00:10 GMT

China forex reserves at $3.1155T

China's foreign exchange reserves increased by $7.6B to $3.115T at the end of January from the end of 2019, a report published by the State Administration of Foreign Exchange shows.

Sat, 08 Feb 2020 15:00:23 GMT

Residential building construction expands in Bulgaria

The number of newly constructed residential buildings in Bulgaria increased by 46.4% in the fourth quarter of 2019, compared to the prior year, the National Statistical Institute reports.

Sat, 08 Feb 2020 14:12:25 GMT

Taiwan exports decline

Taiwan's exports declined 7.6% to $25.07B in January from the same period the prior year, while imports fell 17.7% to $21.61B, the Ministry of Finance of Taiwan reports.

Sat, 08 Feb 2020 13:04:56 GMT

Zambia, UAE sign cooperation agreements

The United Arab Emirates and Zambia signed several agreements to improve trade between the two countries, a report published by the Ministry of Foreign Affairs of Zambia shows.

Sat, 08 Feb 2020 12:21:45 GMT

UK house prices increase

The average price of a house in Britain reached £240,054 in January, an increase of 4.1% compared to the same period the prior year, the mortgage lender Halifax reports.

Sat, 08 Feb 2020 11:33:57 GMT

China to resume infrastructure projects in two weeks

The Ministry of Transport of China stated on Saturday that it would resume waterway and road infrastructure projects on February 20 across the country except for the province of Hubei.

Sat, 08 Feb 2020 10:28:40 GMT

China rejects Foxconn proposal

According to the Nikkei business daily, Chinese authorities have rejected Foxconn plan of resumption of production starting from Monday.

Sat, 08 Feb 2020 09:20:31 GMT

Raab meets Motegi in Tokyo

After a meeting with the Foreign Minister of Japan Toshimitsu Motegi, the British Foreign Secretary Dominic Raab said that he wanted an "ambitious" trade agreement between the two countries.

Sat, 08 Feb 2020 07:41:18 GMT

Mnuchin comments on US growth

On Friday, the US Treasury Secretary Steven Mnuchin stated that the US GDP would grow by less than 3% in 2020.

Sat, 08 Feb 2020 07:20:12 GMT

Shanghai helps Tesla

The government of Shanghai announced on Saturday that it would help Tesla in resuming its operation in China that had been hit by the coronavirus.

Sat, 08 Feb 2020 05:47:44 GMT

Airbus to buy Bombardier's stake in A220 passenger jet

The European planemaker Airbus is likely to buy the 33.58% remaining stake of its Canada's rival Bombardier in the A220 passenger aircraft programme, according to a Reuters report.

Sat, 08 Feb 2020 05:02:44 GMT

Apple extends retail store closure in China

Apple Inc announced it would delay reopening of its retail stores in China amid the coronavirus outbreak, despite the move hit sales and manufacturing of the iPhone maker.

Sat, 08 Feb 2020 03:43:55 GMT

Ford names new COO amid management shake-up

Ford Motor restructured its top management by appointing Jim Farley, the carmaker's strategy chief, as its new chief operating officer, pledging to skeptical investors to boost its slow-moving turnaround.

Sat, 08 Feb 2020 00:55:57 GMT

Mitsubishi Materials takes stake in Chile's copper mine

Japan's Mitsubishi Materials has acquired a 30% stake in Chile's Mantoverde copper mine in a deal worth $236M, aiming to secure concentrates for smelters.

Fri, 07 Feb 2020 20:41:47 GMT

Canada's economy gains 34,500 jobs in January

According to data released by the Statistics Canada on Friday, Canada added 34,500 jobs in January, stronger than what the market had expected, and the unemployment rate fell to 5.5%.

Fri, 07 Feb 2020 19:43:02 GMT

US House of Representatives approve $4.7B disaster aid

On Friday, the US House of Representatives passed legislation that provides disaster aid of nearly $4.7B to Puerto Rico.

Fri, 07 Feb 2020 18:57:22 GMT

Slovenian parties plan to push ahead with coalition talks

Slovenian Democratic Party, the largest party in Slovenia's Parliament, has begun talks with Modern Centre, the Pensioners' Party Desus and the conservative New Slovenia to form a coalition government.

Fri, 07 Feb 2020 17:44:58 GMT

Ericsson CEO set for meeting with Merkel

Ericsson's Chief Executive Officer is set for an official meeting with Germany's Chancellor Angela Merkel scheduled for the next week on the back of the Berlin debate over regulation of telecoms equipment providers.

Fri, 07 Feb 2020 16:52:06 GMT

SpaceX plans to list its Starlink business

Elon Musk's SpaceX has plans for an initial public offering of Starlink, its space internet business, the company's COO Gwynne Shotwell told Reuters.

Fri, 07 Feb 2020 15:46:12 GMT

Mitsubishi Materials takes stake in Chile's copper mine

Japan's Mitsubishi Materials has acquired a 30% stake in Chile's Mantoverde copper mine in a deal worth $236M, aiming to secure concentrates for smelters, the company announced on Friday.

Fri, 07 Feb 2020 15:12:33 GMT

Ericsson, Nokia shares rise on US interest

Shares in Huawei Technologies' rivals, Ericsson and Nokia, surged sharply on Friday, 4.4% and 3.7% respectively, on the United States idea to consider acquiring stakes in the companies to counter the Chinese tech giant's dominance in 5G technology.

Fri, 07 Feb 2020 14:00:53 GMT

Hyundai Motor, Kia Motors to keep China plants frozen

Hyundai Motor and its affiliate Kia Motors are planning to keep their production at the Chinese plants suspended until February 16, due to the coronavirus outbreak.

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