News

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Wed, 02 Jan 2019 17:32:52 GMT

Hyundai expects tough 2019 amid weak demand from US, China

Hyundai Motor flagged another year of tepid growth in car sales after a slow 2018, indicating that trade protectionism added uncertainty, while the main markets such as China and the US remained sluggish.

Wed, 02 Jan 2019 17:27:54 GMT

Mexico manufacturing activity still weak in December

The manufacturing sector of Mexico contracted for the second straight month in December, affected by declining business sentiment, a survey revealed.

Wed, 02 Jan 2019 16:34:43 GMT

Norway's EV sales zip to new high

A significant part of new car sales in Norway were related to electric cars, reaching a new record, as the country strives to end fossil-fuelled car's sales by 2025.

Wed, 02 Jan 2019 16:32:02 GMT

EZ factories reveal weak growth in 2018 end

The EZ manufacturing activity barely grew at the end of last year in a wide slowdown, according to the survey, showing a scant sign for optimism in the begging of 2019.

Wed, 02 Jan 2019 14:54:38 GMT

Wall Street opens lower on Wednesday

Wednesday's trading session in the US started with a decline by the top stock indices. The losses ranged from 1.15% to 1.93%.

Wed, 02 Jan 2019 14:54:09 GMT

Canadian manufacturing growth slows

On Wednesday, it was revealed that the growth of the Canadian manufacturing sector in December was the slowest during a two year period.

Wed, 02 Jan 2019 13:44:48 GMT

Bolsonaro gives Ministry of Agriculture power to decide on indigenous land

On Wednesday, the Brazilian President Jair Bolsonaro gave Brazil's Ministry of Agriculture power to decide on lands claimed by the indigenous people.

Wed, 02 Jan 2019 13:44:38 GMT

Global equity markets nurse 2019 on downbeat note

After brutal 2018, global stocks market began the New Year on a decline, bond yields and crude oil prices edged lower, while the Yen strengthened on Wednesday.

Wed, 02 Jan 2019 13:02:25 GMT

Japanese Yen surges on Wednesday

On Wednesday, the Japanese currency strengthened sharply across the board, as global economic growth concerns curb risk appetite.

Wed, 02 Jan 2019 13:02:18 GMT

Oil prices hit $53 per barrel on Wednesday

On Wednesday, crude oil prices hit about $53 per barrel, as the pressure of oversupply and economic worries weaken demand.

Wed, 02 Jan 2019 11:50:04 GMT

Foreign Secretary of the UK comments on Brexit deal

On Wednesday, the Foreign Secretary of the United Kingdom announced that the Prime Minister of the country will manage to push her Brexit deal through parliament.

Wed, 02 Jan 2019 11:49:06 GMT

Didi launches new financial service

The Chinese car sharing company Didi announced on Wednesday that the company will launch new credit and crowdfunding services.

Wed, 02 Jan 2019 10:47:49 GMT

German manufacturing PMI is published

The Markit PMI for the manufacturing sector in Germany was released on Wednesday. It revealed that growth has slowed down in the sector.

Wed, 02 Jan 2019 10:47:27 GMT

Indian state oil companies ignore government price cut

On Wednesday, it was announced that Indian state owned fuel retail companies are no longer setting a one rupee cut on prices that was mandated by the government.

Wed, 02 Jan 2019 10:04:04 GMT

Asian stocks surge higher

Despite financial media stating that growth slowdown fears caused a decline of European stocks, Asian stock indices surged on Wednesday.

Wed, 02 Jan 2019 10:03:41 GMT

European stocks decline on Wednesday

European stock indices started the year with a decline. Financial media blamed fears of a slowdown of global growth.

Wed, 02 Jan 2019 08:30:10 GMT

Philippine December inflation expected to slow to six-month low

Philippine inflation is seen easing to its six-month low in the previous month on slowing fuel and food prices, raising the possibility for the country's central bank to leave the policy rates unchanged for 2019.

Wed, 02 Jan 2019 08:24:14 GMT

Playtech to pay €28M in settlement with Israel tax authorities

Playtech, the gambling software company, is set to pay €28M under the settlement with Israel's tax authorities after its accounts' audit for the 2008-2017 years, the firm stated on Wednesday.

Wed, 02 Jan 2019 07:38:54 GMT

Israel Aerospace seeks investing in Aeronautics

Israel Aerospace Industries, the state-owned defence contractor, has launched talks with the local drone producer Aeronautics, seeking to make an investment in the company.

Wed, 02 Jan 2019 07:34:26 GMT

Britain's Ophir in talks about possible takeover offer

Britain's Ophir Energy has entered talks with Indonesia's Medco Energi unit over a potential all-cash acquisition offer, having a market valuation worth $321.41M.

Wed, 02 Jan 2019 05:53:11 GMT

Zijin Mining seeks selling $1.2B A-shares over Nevsun purchase

Zijin Mining Group, China's gold miner, is planning to sell about $1.2B worth of Shanghai new shares to the Chinese investors to fund its acquisition of the Canadian firm Nevsun Resources.

Wed, 02 Jan 2019 05:53:02 GMT

Warburg Pincus purchase of Leumi Card to be approved

On Monday, the Israeli banking regulator stated it was set to approve the Bank Leumi's credit card unit, Leumi Card, sale to Warburg Pincus, after finding the deal "fit and proper".

Wed, 02 Jan 2019 05:37:44 GMT

China's Faraday Future halts row with its main investor

On Monday, Faraday Future, China's electric vehicle developer, announced it had clinched a new restructuring deal with its main investor Evergrande Health Industry Group's unit, ending a legal dispute and clearing the way for raising funds.

Wed, 02 Jan 2019 05:29:33 GMT

Saudi Aramco completes acquisition of rubber JV Arlanxeo

Saudi Aramco has acquired the remaining 50% stake in the Netherlands' rubber joint venture Arlanxeo from the chemicals company Lanxess, becoming the only owner of the firm, it announced on Monday.

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