News

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Fri, 08 Mar 2019 05:24:17 GMT

China's exports hit three years low

The China's General Administration of Customs reported on Friday that the country's exports in February hit the three year low, thus reflecting the gradual slowdown of the world's second economy.

Fri, 08 Mar 2019 05:19:13 GMT

China's coal imports drop in February

According to data released by the General Administration of Customs, in February China imported only 17.6M tonnes of coal, compared to the 33.50M tonnes in January.

Fri, 08 Mar 2019 03:37:06 GMT

India to expand Iran's oil sanctions waiver

India is set to keep buying Iran's oil at the current 300K bpd level, as it negotiated with Washington over extending the waiver of the US sanctions past early May, two sources said.

Fri, 08 Mar 2019 03:32:38 GMT

Japan GDP revised up n Q4 amid investment rebound

The Japanese economy expanded faster than estimated in the Q4, as capital expenditure recovered quickly from natural disasters in the prior quarter.

Thu, 07 Mar 2019 21:26:19 GMT

UK house prices increase

The average house price in the UK increased to $311T in February, a 5.9% increase from January, the mortgage lender Halifax reports.

Thu, 07 Mar 2019 21:25:39 GMT

Bulgarian GDP expands 3.1%

The Bulgarian gross domestic product expanded 3.1% in 2018, compared to the year 2017, the National Statistical Institute reports.

Thu, 07 Mar 2019 19:08:13 GMT

Abu Dhabi Crown Prince meets Russian FM

The Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan met with the Russian Foreign Minister Sergey Lavrov to discuss cooperation between the two countries.

Thu, 07 Mar 2019 19:07:36 GMT

EU, Mozambique sign $240M in agreements

The European Union and Mozambique signed agreements worth $240M to support trade in the southeast African country, the Mozambican foreign minister Jose Pacheco reports.

Thu, 07 Mar 2019 18:06:50 GMT

Tunisia to establish free trade zone

Tunisia plans to establish new free trade zone in the southeastern Medenine province, the Tunisian Minister of Commerce Omar El Bahi reports.

Thu, 07 Mar 2019 18:06:08 GMT

Germany economic production stagnates

The German economic production stagnated in the fourth quarter of 2018 after declining 0.2% in the third quarter, the Halle Institute for Economic Research reports.

Thu, 07 Mar 2019 17:07:11 GMT

German economic output stagnated in Q4 last year

Germany's overall economic output stagnated in the December quarter of the last year after dropping 0.2% over the prior quarter, the IWH revealed.

Thu, 07 Mar 2019 17:05:29 GMT

UK house prices increase in February

The British average house prices grew to about $311K in February, 5.9% higher than January, according to data published by Halifax.

Thu, 07 Mar 2019 16:26:05 GMT

ECB slashes inflation, growth forecasts

The European Central Bank cut its inflation and growth forecasts for this year and lowered those for the following 2020 and 2021, acknowledging that slowdown in Europe was deeper and longer than earlier thought.

Thu, 07 Mar 2019 16:23:51 GMT

John Lewis diminishes staff bonus before Brexit

Britain's John Lewis Partnership stated that it was ready for Brexit, after reporting a 45% decline in full-year profit and cutting staff bonus to the weakest level in more than 60 years.

Thu, 07 Mar 2019 15:34:35 GMT

SoftBank launches $5.0B fund into LatAm tech firms

Japan's SoftBank Group is planning to launch a $5.0B investment fund with the aim to invest in the technology firms in Latin America, extending its tech reach in the area.

Thu, 07 Mar 2019 15:30:21 GMT

ECB to name new banking regulator vice chair

The ECB is set to appoint a person to become the EZ new senior banking regulator in the following weeks, the President Mario Draghi stated on Thursday.

Thu, 07 Mar 2019 14:38:12 GMT

EU watchdog open inquiry into Innogy, E.ON deal

On Thursday, the European antitrust regulators launched an inquiry into the German utility E.ON's takeover of Innogy on the back of the asset swap with rival RWE.

Thu, 07 Mar 2019 13:39:24 GMT

Starboard takes 4% stake in Zayo

Starboard Value, the activist hedge fund, took a 4% of the Zayo Group Holdings stake, urging the US communications infrastructure provider for a sale.

Thu, 07 Mar 2019 13:37:07 GMT

Xerox reorganises business to build holding firm

On Thursday, Xerox Corp stated it would restructure its business on the back of the printer maker's intention to create a holding company, with reorganisation seen to be implemented this year.

Thu, 07 Mar 2019 12:39:33 GMT

Dialog Semi to acquire Silicon Motion

Dialog Semiconductor stated on Thursday it would acquire a mobile communications unit owned by Silicon Motion in a cash-deal worth $45M, expanding its footprint into Internet of Things.

Thu, 07 Mar 2019 12:36:53 GMT

Aon scraps takeover plan for Willis Towers

The insurer Aon abandoned plans for its rival Willis Tower Watson takeover, following an announcement about early stage-talks about an all-stock bid for the Irish insurance brokerage.

Thu, 07 Mar 2019 10:58:12 GMT

Bank of England is expected to cut interest rates

One of the Bank of England's policy makers Silvana Tenreyro revealed on Thursday that the Bank of England most likely will cut interest rates, if a no-deal Brexit occurs.

Thu, 07 Mar 2019 10:58:02 GMT

Euro declines prior to ECB

On Thursday, as the financial markets were waiting for the ECB rate announcement and subsequent press conference, the Euro was declining in value. The decline could be explained by expectations of an easing monetary policy announcement.

Thu, 07 Mar 2019 10:27:31 GMT

Spain's Grifols ties up with Shanghai RAAS

On Thursday, Spain's blood products firm Grifols announced it had formed a strategic alliance with the Chinese group Shanghai RAAS, seeking to boost its plasma-derived products sales in China.

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