News

Note: This section contains information in English only.
Sun, 07 Oct 2018 18:31:57 GMT

Qingdao Haier to keep planning D-shares sale in Germany

Qingdao Haier, China's home appliances producer, stated it would continue preparing for a sale of up to 400M D-shares in Germany's Frankfurt, scheduled for October 15, which could value the Chinese company at about $964M.

Sun, 07 Oct 2018 18:27:02 GMT

Big PE consortium plans Arconic acquisition bid

The large private equity consortium of Carlyle Group, Blackstone Group, Canada's Pension Plan Investment Board and Onex Corp are set to acquire Arconic, the aluminum products maker, according to sources familiar with the situation.

Sun, 07 Oct 2018 17:21:49 GMT

Telecom Italia executive criticises management behavior

The CEO of Telecom Italia Amos Genish admitted on Sunday that disagreement between the company's top management, its shareholders and the board were unproductive, yet he has no intention to step down.

Sun, 07 Oct 2018 17:18:11 GMT

Pakistan considers IMF help

The Prime Minister of Pakistan Imran Khan stated on Sunday that the government might ask the International Monetary Fund for help, though wants to evaluate other options first.

Sun, 07 Oct 2018 16:28:42 GMT

China to lower reserve requirements for banks

On Sunday, the Central Bank of China announced its plans to gradually lower the amount of cash that financial institutions are required to hold as reserves amid an escalating trade war with the US.

Sun, 07 Oct 2018 16:25:22 GMT

Germany denies deportation of migrants back to Italy

The German Interior Ministry Spokesman said on Sunday that there were scheduled no special flights to Italy for migrants, thus denying an allegation made by Italian Interior Minister Matteo Salvini.

Sun, 07 Oct 2018 15:21:12 GMT

Italy remains oriented to save Alitalia

According to report published by the Il Sole 24 Ore, Italian government is firm to save Alitalia via acquiring a 15% stake in the company together with Ferrovie dello Stato and some foreign investor.

Sun, 07 Oct 2018 15:16:46 GMT

Zeman defends his statement about Roma

The President of Czech Republic Milos Zeman on Sunday refused to give up his words that he is grateful to 10% of the country's Roma who are employed.

Sun, 07 Oct 2018 14:04:22 GMT

Trump to announce new ethanol-related measure

According to sources familiar with the matter, the US President Donald Trump will announce abolishment of prohibition on summer sale of gasoline from higher-ethanol blends this Tuesday.

Sun, 07 Oct 2018 14:00:37 GMT

Qatar believes oil market is balanced

The Energy Minister of Qatar Mohammed al-Sada stated on Sunday that crude oil market is balanced itself while recent surge of prices was attributed to geopolitical changes.

Sun, 07 Oct 2018 13:33:41 GMT

Erdogan says Turkey has no serious economic problems

The President of Turkey Tayyip Erdogan stated on Sunday that he would not ask International Monetary Fund's help, as his country was not confronting any serious economic problems.

Sun, 07 Oct 2018 13:30:38 GMT

Sturgeon pledges to propose independence plan

The head of Scottish National Party Nicola Sturgeon promised on Sunday that she would present a new independence plan as soon as Theresa May reveals details of her Brexit deal negotiated in Brussels.

Sun, 07 Oct 2018 12:10:30 GMT

Egypt starts bond roadshow in Asia

The Finance Ministry of Egypt announced on Sunday the start of its pan-Asian roadshow intended to attract local investors to its international bonds.

Sun, 07 Oct 2018 12:07:16 GMT

US and North Korea agree to have another summit

According to South Korea's presidential office, the US Secretary of State Mike Pompeo and head of North Korea Kim Jong Un have agreed to organize a second inter-state summit as soon as possible.

Sun, 07 Oct 2018 11:10:31 GMT

Another pipelay ship starts work on Nord Stream 2

The Nord Stream 2 AG company announced on Sunday that the second pipelay ship operated by the Allseas company has begun to lay the pipe in German waters.

Sun, 07 Oct 2018 11:03:40 GMT

SNP to vote against deal on Brexit

The First Minister of Scotland Nicola Sturgeon stated on Sunday that her Scottish National Party most probably would not be able to support the current Theresa May's deal on Brexit.

Sun, 07 Oct 2018 10:23:32 GMT

UK and Germany sign military cooperation agreement

On Friday, Germany and Britain signed a defence cooperation agreement, thus showing the latter's readiness to continue protecting continental European also after Brexit.

Sun, 07 Oct 2018 10:16:35 GMT

Netanyahu announces meeting with Putin

The Prime Minister of Israel Benjamin Netanyahu stated on Sunday that he is planning to meet Russia's President Vladimir Putin to discuss bilateral relations and situation in Syria.

Sun, 07 Oct 2018 09:22:41 GMT

Czech PM's party wins elections

The Czech prime minister's ANO party won nationwide municipal elections in all regional capitals excluding Prague, official data shows.

Sun, 07 Oct 2018 09:21:48 GMT

Irish PM: more work to do before Brexit

There is likely to be a decisive progress in the next few weeks to finalize a Brexit deal, but more work should be done, the Irish Prime Minister Leo Varadkar says.

Sun, 07 Oct 2018 08:23:12 GMT

Global manufacturing PMI declines in September

The global PMI declined to 54.3 in September from 55 in August as the world's economy is slowing down, the China Federation of Logistics and Purchasing reports.

Sun, 07 Oct 2018 08:22:16 GMT

ADB updates Myanmar's outlook

Myanmar's economy is likely to expand 6.6% percent in 2018 and 7% in 2019, data published by the Asian Development Bank shows.

Sun, 07 Oct 2018 07:26:10 GMT

China's ODI reaches $1.8T

China's outbound direct investment reached over $1.8T in 2017, a 5.9% of the world's total ODI, an official at the Ministry of Commerce says.

Sun, 07 Oct 2018 07:25:03 GMT

China to cut reserve ratio by 1%

The People's Bank of China decided to cut the reserve requirement ratio for RMB deposits by 1% starting October 15 to strengthen the growth momentum.

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