News

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Mon, 27 Aug 2018 17:15:18 GMT

US and Mexico reach NAFTA trade agreement

The United States and Mexico reached an agreement on Monday to overhaul parts of NAFTA.

Mon, 27 Aug 2018 16:14:10 GMT

Turkey wants to enter new phase in relations with EU

Turkey announced the intention to take its relations with the EU to a new phase, as the country's trade with the bloc became more important, Berat Albayrak, the Finance Minister, stated.

Mon, 27 Aug 2018 16:09:18 GMT

Nokia secures €500M EU loan for development of 5G technology

Nokia secured a 500M loan from the European Investment Bank to extend development of 5G technology, which is capable of wider coverage, faster speeds and more stable connections.

Mon, 27 Aug 2018 15:05:54 GMT

Italy to revamp infrastructure concessions system

Danilo Toninelli, the Transport Minister of Italy, stated that the country is set to review the system of infrastructure concession on a case-by-case basis to define whether to nationalise some of them or renegotiate the contracts.

Mon, 27 Aug 2018 15:02:03 GMT

US new vehicle sales to grow 1.3% in August

The US new vehicle sales were expected to rise 1.3% in August from a year earlier to show their biggest gain so far in 2018, industry consultants LMC Automotive and JD Power stated.

Mon, 27 Aug 2018 13:52:30 GMT

Tesla shares fall on Monday

Shares of Tesla declined in value by almost three percent on Monday, as the CEO of the company abandoned a plan to take the company private.

Mon, 27 Aug 2018 13:35:17 GMT

EU stocks surge due to fundamentals

Progress made in US-Mexico NAFTA talks and the Friday's speech by the chairman of the Federal Reserve were called by the financial media on Monday as the causes of a surge in European stocks.

Mon, 27 Aug 2018 13:28:55 GMT

Wall Street opens higher

On Monday, US stock markets opened higher than the previous close on Friday. The reason was the progress made in US-Mexico NAFTA talks.

Mon, 27 Aug 2018 13:28:29 GMT

World Court hears out Iran

The International Court of Justice has reviewed an Iranian request to order the US to lift sanctions set on the country by Donald Trump.

Mon, 27 Aug 2018 11:55:07 GMT

Turkish Lira continues to fall

As the Forex markets opened on Monday, the fall of the Turkish lira continued. Namely, the Lira lost three percent, as the market opened.

Mon, 27 Aug 2018 11:54:03 GMT

US is impacted by Turkish crisis

The US state of Tennesse is set to suffer due to the recent Turkish economic crisis, as the state's retirement system holds large amounts in a Turkish ETF.

Mon, 27 Aug 2018 11:09:42 GMT

Syria and Iran sign deal on military cooperation

On Monday, the news agency Tasnim reported that Syria and Iran signed an agreement regarding military cooperation during the meeting between the ministers of defence of two states.

Mon, 27 Aug 2018 11:05:12 GMT

German Tesla shares fall 5% after cancellation of buyout

On Monday, Germany-listed shares of Tesla Inc fell 5% as a result of investors' reaction to the decision of the company's Chief Executive to cancel plans to take the car manufacturer private. 

Mon, 27 Aug 2018 10:03:16 GMT

Toyota to establish joint venture for self-driving technology

On Monday, four Toyota Group companies claimed that they are planning to establish a joint venture to work on software managing steering, brakes and other components related to autonomous driving.

Mon, 27 Aug 2018 09:57:27 GMT

Erdogan to visit Iran in September

The President of Turkey Tayyip Erdogan is planning to visit Iran on September 7 to participate in a three-way summit with Russian President Vladimir Putin and the President of Iran Hassan Rouhani. 

Mon, 27 Aug 2018 09:18:29 GMT

China expects further investments weakening

The China's National Development and Reform Commission said on Monday that its projects further reduction of investment growth and, for this reason, urged politicians to launch financial and fiscal measures to give it a second breath.

Mon, 27 Aug 2018 09:12:33 GMT

Turkish Lira loses another 3%

The value of Turkish Lira against the American Dollar decreased by another 3% on Monday morning amid escalating conflict political and economic between the two governments.

Mon, 27 Aug 2018 07:03:20 GMT

Asian shares surge amid Powell speech

Asian shares surged on Monday, taking heart from remarks made by the Fed Chairman Jerome Powell, which pushed the Wall Street to a record high on Friday.

Mon, 27 Aug 2018 06:59:22 GMT

China cabinet plans to control risks in online lending

The Chinese state council stated on Monday that it cabinet would continue to restrain financial risks in online lending activities.

Mon, 27 Aug 2018 06:22:11 GMT

Investors set to decide after Musk halt Tesla buyout

Investors will have the chance to render their judgement on Monday, following Tesla Inc CEO Elon Musk's decision to halt a proposed buyout.

Mon, 27 Aug 2018 06:18:48 GMT

Turkish Lira edges higher as markets reopen

On Monday, the Turkish Lira slightly moved higher against the US Dollar as markets reopened following last week's holiday.

Mon, 27 Aug 2018 04:51:27 GMT

Berkshire Hathaway is interested in buying Paytm

Berkshire Hathaway is interested in buying Paytm Economic Times have reported that Berkshire Hathaway is in the process to buy One97 Communications from India, which is the parent company of Paytm.

Mon, 27 Aug 2018 04:50:53 GMT

US and Mexico will resume NAFTA talks

The representatives of the United States and Mexico are set to continue bilateral NAFTA negotiations on Monday.

Mon, 27 Aug 2018 04:20:37 GMT

Shinzo Abe will candidate for another term

The Prime Minister of Japan Shinzo Abe on Sunday announced his candidacy for another term in the post of PM.

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