News

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Thu, 05 Oct 2017 17:21:15 GMT

US releases rule to end debt trap of payday loan companies

The US consumer financial watchdog released a rule restricting payday loan companies' ability to benefit from high-interest loans and giving more responsibility to ensure borrowers can repay their loans. 

Thu, 05 Oct 2017 16:12:44 GMT

Global banks join IBM and UBS‘ trade finance blockchain

Commerzbank, Erste Group Bank, Bank of Montreal and CaixaBank have joined IBM and UBS Groups‘ trade financial blockchain platform to support global trade finance processes.

Thu, 05 Oct 2017 15:16:34 GMT

Saudi Arabia to purchase Russian air missile system

According to SAMI, Saudi Arabia has agreed to purchase Russian S-400 air defence system, as well as the countries have signed a memorandum of understanding.

Thu, 05 Oct 2017 15:01:42 GMT

US unemployment rate drops more than expected

The US unemployment rate dropped more than expected last week, reaching 260,000, however, the latest Hurricanes did not allow to get a clear picture of the labour market.

Thu, 05 Oct 2017 14:33:20 GMT

Two injured amid blast close to Glasgow

The Scottish police reported on Thursday that at least two people were hurt due to an explosion close to Glasgow, inside one of the buildings in Wishaw.

Thu, 05 Oct 2017 14:28:50 GMT

Hilton plans to open 100 hotels in Africa

Hilton Worldwide Holdings is planning to spend $50M to open 100 hotels in Africa within the next five years, the group stated on Thursday.

Thu, 05 Oct 2017 13:29:17 GMT

Saudi King Salman urges Iran to stop interfere in Middle East

The Saudi Arabian King Salman demanded Iran stop meddling into the Middle East internal affairs and destabilising the situation in the Gulf region.

Thu, 05 Oct 2017 12:52:19 GMT

Trump denies to confirm Tillerson's threats to quit

The US President Donald Trump stated on Thursday that the alleged threats to resign by his State Secretary Rex Tillerson were rumours spread by NBCNews.

Thu, 05 Oct 2017 11:52:00 GMT

Dialog Semiconductor to acquire Silego for $306M

German company Dialog Semiconductor is eager to buy the California-based Silego Tech for about $306M as it seeks to expand into the Internet of Things.

Thu, 05 Oct 2017 11:51:52 GMT

Catalan leader not afraid of arrest over referendum

Catalonia's leader Carles Puigdemont stated that he had no fear of being arrested for the banned independence referendum organisation, which took place on October 1.

Thu, 05 Oct 2017 10:51:37 GMT

Turkey issues detention warrants for 133 ministry staff

Turkey's authorities ordered detention of 133 Finance and Labour Ministries' workers amid a widening crackdown in connection with the 2016 failed coup attempt.

Thu, 05 Oct 2017 10:51:21 GMT

Ukraine removes Russia's journalist over TV report

Ukraine expelled another Russian NTV channel journalist, who deemed to spread anti-Ukraine propaganda and justify separatists' actions, the SBU reported on Thursday.

Thu, 05 Oct 2017 10:11:22 GMT

KPMG's new CEO in South Africa hopes to enhance ‘disappointing' performance

Nhlamu Dlomu, the new Chief Executive of KPMG in South Africa, explained on Thursday that she would make changes to boost the company's ‘greatly disappointing' performance.

Thu, 05 Oct 2017 09:59:26 GMT

Stocks, Euro await ECB minutes for monetary policy clues

Global stocks were trading at record highs, while the Euro reached a seven-week low this Thursday, as investors were waiting for signals on the ECB ending its loose monetary policy.

Thu, 05 Oct 2017 09:34:27 GMT

Malaysia finds nerve agent VX on Kim Jong Nam suspected murderers

On Thursday, the Malaysian Court announced that traces of a deadly nerve agent VX were found on the shirts of the two women, who are accused of Kim Jong Nam's murder.

Thu, 05 Oct 2017 09:29:47 GMT

Airbus Defence unit freezes capital spending

Airbus Defence froze its capital spending, urging the 34K employees to take drastic measures in an attempt to save cash as the company is facing the prospect of losing 2017 cash targets by millions of euros.

Thu, 05 Oct 2017 08:31:24 GMT

North Korea missile strike on Seoul, Tokyo might kill 2.1M

According to the 38 North website, a potential North Korea's nuclear missile strike on Tokyo and Seoul could claim lives of as many as 2.1M people and injure 7.7M others.

Thu, 05 Oct 2017 08:19:02 GMT

Trump's advisers provide him with Fed Candidates' final list

Donald Trump's aides delivered the US leader a shortlist of the Federal Reserve candidates, ending their search, sources familiar with the issue reported.

Thu, 05 Oct 2017 07:34:57 GMT

UK FRC closes PwC investigation over Barclays audits

The Financial Reporting Council's accounting watchdog stated on Thursday it had closed the investigation into PwC over its Barclays audits.

Thu, 05 Oct 2017 07:15:39 GMT

Bain Capital seeks to list Toshiba's chip unit in few years

The US private equity company Bain Capital stated on Thursday it sought to list Toshiba chip unit on Tokyo Stock Exchange in a few years.

Thu, 05 Oct 2017 06:29:32 GMT

NZ kingmaker to kick off coalition talks with Labour, National parties

The populist election kingmaker of New Zealand Winston Peters is willing to start coalition negotiations on Thursday with the opposition Labour Party and the governing National Party.

Thu, 05 Oct 2017 06:23:44 GMT

Australia to develop photo ID database to track terror suspects

According to the Australian PM Malcolm Turnbull, the country is eager to create a national photo ID database with intention to identify and track terror suspects.

Thu, 05 Oct 2017 05:11:27 GMT

US budget deficit to obstruct Trump's tax reform

The US budget deficit is set to be the main obstacle to the tax cut plans offered by Donald Trump, with one Senate hawk saying that any fiscal gap enlarging could prevent his support.

Thu, 05 Oct 2017 05:09:47 GMT

Australian trade surplus grows to A$989M in August

The Australian Bureau of Statistics reported that the country's trade surplus increased to A$989M in August, while analysts anticipated modest increase to A$875M.

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