News

Note: This section contains information in English only.
Tue, 17 Sep 2019 19:24:51 GMT

Apple: EU tax order 'defies common sense'

Apple stated that the EU order to the US company to pay $14B in back taxes "defies common sense", as both sides sparred in the case key to the Union's crackdown over deals to multinationals.

Tue, 17 Sep 2019 18:04:48 GMT

Saudis' CB: GDP growth to be close to IMF forecast

The economic growth of Saudi Arabia is expected to be not be too far from the IMF forecast of 1.9% increase, the Central Bank's governor stated.

Tue, 17 Sep 2019 17:16:50 GMT

Fair raises $500M loan

Fair, the car leasing start-up, stated that it raised $500M in loans from creditors' group, including Softbank and Mizuho Ban, looking to expand leasing services to Uber drivers.

Tue, 17 Sep 2019 15:50:20 GMT

US manufacturing output rebounds in August

The US manufacturing production grew more than anticipated 0.5% in August, supported by jump in primary metals production and machinery, though the outlook for factories was still weak.

Tue, 17 Sep 2019 15:27:41 GMT

Swiss cuts growth forecast for 2019

The goverment of Swistzerland slashed the country's economic growth forecast 0.8% in 2019, citing risks of the US-China trade war, the rising Swiss franc and the slowdown in Germany.

Tue, 17 Sep 2019 13:40:45 GMT

Oil prices could impact growth and inflation

Policymaker of the ECB Francois Villeroy de Galhau stated on Tuesday that growing oil prices could negatively impact inflation and growth.

Tue, 17 Sep 2019 13:12:40 GMT

China condemns attacks on Saudi Arabia

On Tuesday, Chinese officials condemned the recent attack on Saudi Arabian oil facilities. In the meantime, Saudi officials announced that oil shipments to China would be delayed.

Tue, 17 Sep 2019 11:43:22 GMT

Trump comments on Saudi attack

On Monday, the President of the United States Donald Trump made an announcement stating that the US does not wishes a war in the Middle East and a surge of oil prices.

Tue, 17 Sep 2019 10:40:46 GMT

Stocks decline on Tuesday

During the Asian and European trading sessions on Tuesday, global stock indices declined. The decline was attributed to the expectations of this week's Federal Reserve meeting.

Tue, 17 Sep 2019 09:53:16 GMT

Boeing raises demand forecast

On Tuesday, Boeing increased its forecast for aircraft demand in China. The announcements was bound to cause a surge of aviation stocks.

Tue, 17 Sep 2019 08:42:19 GMT

Oil prices decline

During Tuesday's Asian trading session, crude oil prices declined more than one percent, as they were retracing back down after the recent surge.

Tue, 17 Sep 2019 08:03:18 GMT

Brexit case goes to Supreme Court

On Tuesday, the government of the United Kingdom stated that it will attempt to persuade the Supreme Court of the UK that the recent Parliament suspension has been legal.

Tue, 17 Sep 2019 07:32:26 GMT

China keeps interest rate unchanged

The central bank of china announced on Tuesday that it is keeping its one-year money market rate unchanged.

Tue, 17 Sep 2019 06:13:24 GMT

No currency provisions in US-Japan deal

On Tuesday, the Finance Minister of Japan Taro Aso stated that there would be no currency provisions included in the US-Japan bilateral trade deal.

Tue, 17 Sep 2019 04:41:42 GMT

LG Display seeks job cuts

On Tuesday, South Korean LG Display announced that in an effort to decrease financial losses the company would enact a employee redundancy program.

Tue, 17 Sep 2019 04:26:01 GMT

Trump issues trade announcement

On Monday, the President of the United States Donald Trump announced that the US has made a trade agreement with Japan.

Tue, 17 Sep 2019 02:52:14 GMT

Airbus sees no impact from likely US tariffs

Possible US tariffs on Airbus aircraft and EU parts are unlikely to impact on the planemaker's results this year, though disruption cannot be ruled out, the company's Chief Executive stated.

Tue, 17 Sep 2019 02:10:08 GMT

Marvell Technology to pay $5.5M to settle charges

The US SEC stated that Marvell Technology is expected to pay $5.5M to settle charges the firm misled investors while orchestrating its scheme to pull in sales scheduled for following quarters to the current quarter.

Mon, 16 Sep 2019 19:55:00 GMT

H&M to try selling external brands

Sweden's H&M announced on Monday that the company's budget fashion chain H&M accounting for the bulk of sales is likely to try selling external products and brands.

Mon, 16 Sep 2019 18:51:37 GMT

Ford, VW in talks on second EV in Europe

Ford is likely to build more than one electric car's model based on electric vehicle platform of Volkswagen, Ford's Europe Chief said.

Mon, 16 Sep 2019 18:29:58 GMT

Canada's home sales up 1.4%

Homes sales in Canada grew 1.4% month-on-month in August, the sixth month of increased activity in succession, the country's Real Estate Association stated.

Mon, 16 Sep 2019 16:42:00 GMT

European Commission comments on Brexit

Despite a meeting between the head of the EU Jean-Claude Juncker and the PM of UK Boris Johnson, the European Commission announced on Monday that no solution has been proposed to the Irish backstop.

Mon, 16 Sep 2019 15:40:55 GMT

Germany proposes EU budget limit

German officials announced on Monday that they intend to propose to set the EU budget at one percent of the continental economy.

Mon, 16 Sep 2019 14:41:45 GMT

Oil prices ease

On Monday, crude oil prices declined after a 19% jump, as US President Donald Trump announced that emergency supplies would make up shortfalls.

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