News

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Tue, 19 Feb 2019 10:07:38 GMT

British workers' pay growth matches 10 years high

On Tuesday, official numbers showed that the UK wage growth matched a ten-year high in late 2018, suggesting that the UK labour market was strong, as Brexit nears.

Tue, 19 Feb 2019 10:06:25 GMT

Ireland's Deputy PM calls on people not to stockpile medicine ahead of Brexit

On Tuesday, the Irish Deputy Prime Minister Simon Coveney called on its citizens not to stockpile medicine ahead of Brexit.

Tue, 19 Feb 2019 09:10:55 GMT

Honda to end production in UK

Honda Motors announced on Tuesday that the company planned to close its only factory in the United Kingdom by 2021 amid changes in the global market.

Tue, 19 Feb 2019 09:07:13 GMT

UK to miss EU elections

The Junior Brexit Minister Martin Callanan stated on Tuesday that the United Kingdom would not participate in the EU Parliament elections in May because it would leave the bloc by April.

Tue, 19 Feb 2019 08:26:26 GMT

Oil price fluctuates near 2019 highs

Crude oil prices remained relatively unchanged on Tuesday morning, fluctuating near $56.03 per barrel, as traders anticipate the outcome of the US-China trade talks.

Tue, 19 Feb 2019 08:22:53 GMT

China wants better relations with Iran

On Tuesday, the Foreign Minister of China Wang Yi told his Iranian colleague Mohammad Javad Zarif that both countries must deepen "strategic trust".

Tue, 19 Feb 2019 07:12:13 GMT

US states stand against national emergency

On Monday, 16 American states filed a collective claim against the country's President Donald Trump and members of his administration because of declaration of national emergency aimed at finding funds for construction of the border wall.

Tue, 19 Feb 2019 07:08:14 GMT

S&P says UAE home prices to continue falling

The prices on real estate in Dubai are expected to continue falling this year amid excessive supply, the credit rating agency Standard & Poor stated on Thursday.

Tue, 19 Feb 2019 05:43:34 GMT

Reuters releases Indonesian rate poll

Reuters released on Tuesday the results of a poll, which surveyed various financial analysts about the Indonesian central bank. It was revealed that the respondents are not expecting any changes to the Indonesian central bank rate.

Tue, 19 Feb 2019 05:42:46 GMT

HSBC misses profit targets

On Tuesday, HSBC Holdings announced their quarterly profits. It was revealed that the bank's profits had weakened in the last quarter of 2018 and the profit targets were not reached.

Tue, 19 Feb 2019 05:34:16 GMT

Japanese Yen declines due to Bank of Japan

The Japanese Yen was losing value on Tuesday. The decline was caused by the comments of the Governor of the Bank of Japan, who revealed that the bank was preparing to increase monetary stimulus.

Tue, 19 Feb 2019 05:33:40 GMT

Reserve Bank of Australia comments on policy

On Tuesday, the Australian central bank announced that it is set to keep its interest rate at the current record lows as long as 2021.

Tue, 19 Feb 2019 03:52:50 GMT

Chinese capital market to attract record foreign investment this year

Chine is likely to attract a record-high foreign investment this year, as the country was still widening foreign access to the capital market, China Securities News stated.

Tue, 19 Feb 2019 03:52:35 GMT

Germany's BaFin bans Wirecard's short-selling

The German financial supervisor BaFin issued a ban over establishing and rising short positions in global payment service provider's Wirecard AG shares due to developments, which posed threats to the market confidence.

Tue, 19 Feb 2019 03:36:46 GMT

German engineering sector's reports at record high in 2018

Exports of Germany's engineering sector rose 5.3% to a new record of $201.4B worth of goods last year, the VDMA announced.

Tue, 19 Feb 2019 03:36:11 GMT

Chinese auto market still sluggish last month

The Chinese auto market was still sluggish in the month January, with sales down 15.8% falling year-over-year, data from the CAAM revealed.

Mon, 18 Feb 2019 20:15:14 GMT

US auto industry urges Trump's administration against steep tariffs on import cars

According to a confidential report, the US auto industry has urged the White House not to saddle imported cars with steep tariffs.

Mon, 18 Feb 2019 20:14:09 GMT

UK's Brexit Secretary plans to hold more talks with EU negotiator

Stephen Barclay, the UK Brexit Secretary, said on Monday that he would hold further discussions with Michel Barnier, the EU Chief negotiator, to set out backstop changes.

Mon, 18 Feb 2019 19:08:50 GMT

Williamson says UK is ready to defend its interests in Gibraltar

On Monday, the UK Defense Minister Gavin Williamson said that Britain would defend its interests in Gibraltar, when asked about the Spanish warship incident near Gibraltar.

Mon, 18 Feb 2019 19:08:40 GMT

Uber to pay value-added tax in Egypt

On Monday, the Egyptian Tax Authority, Abdel Azeem Hussein said that Uber has agreed to pay VAT on its car services in Egypt.

Mon, 18 Feb 2019 18:11:45 GMT

EU's Juncker says Trump promises not to impose new tariffs on European cars

On Monday, the European Commission President Jean-Claude Juncker said that the US President Donald Trump promised that he would not impose new import tariffs on European cars.

Mon, 18 Feb 2019 18:11:02 GMT

Greece might not get Eurozone cash next month

On Monday, Eurozone officials said that Greece might not get Eurozone cash next month because the country has not completed the agreed reforms.

Mon, 18 Feb 2019 16:41:40 GMT

Britain does not support Huawei ban

It was revealed on Monday by a Reuters source that British security officials are not favoring a total ban of China's Huawei from UK's telecommunications networks.

Mon, 18 Feb 2019 16:41:32 GMT

Oil prices head for record gains

On Monday, oil prices had reached a new high level, which, if maintained, would become the highest quarterly surge since 2011.

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