News

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Fri, 05 Oct 2018 05:21:03 GMT

Hungary and Poland to contest EU labour rules

Poland and Hungary announced on Thursday they filed a claim to the European Court of Justice to dispute new more rigid regulations of the European Union on the employment labourers from low-income EU states.

Fri, 05 Oct 2018 05:08:54 GMT

Value of Lenovo shares drop 23%

On Friday morning, the value of largest Chinese hardware companies sufficiently decreased, including a 23% drop of Lenovo, amid reports that American companies' systems had been penetrated with chips of Chinese intelligence agents.

Fri, 05 Oct 2018 04:12:04 GMT

Wells Fargo considers to issue mortgage bond

According to report published by Bloomberg, Wells Fargo & Co is planning to issue its first after-crisis $441M prime mortgage bond without state's backing.

Fri, 05 Oct 2018 04:04:15 GMT

Oil prices surge amid effect from sanctions

Crude oil prices increased by 50 cents or 0.7% on Friday, reaching $74.83 a barrel, as traders concentrated on the upcoming supply tightening caused by American sanctions against Iran.

Fri, 05 Oct 2018 03:18:32 GMT

Samsung profit to hit record high in Q3

Samsung Electronics stated quarterly operating profit is likely to surge by a fifth to reach a record high, with the chip unit supported by robust demand from data centres.

Fri, 05 Oct 2018 03:14:59 GMT

Costco quarterly sales barely beats estimates

Costco Wholesale quarterly sales hardly beat analysts' forecasts, as growth in online business weakened, while gross margins declined on higher investments and rising costs.

Fri, 05 Oct 2018 02:36:23 GMT

Japan real wages decline in August

Inflation-adjusted real wages of Japanese workers fell in August for the first time in four-month period in a setback to expectations that consumer spending is likely to accelerate and support economic expansion.

Fri, 05 Oct 2018 02:33:17 GMT

Japan's household spending grows strongly in August

The Japanese household spending increased markedly in August at the strongest annual pace in three-year period, as bigger bonuses fuelled consumption.

Thu, 04 Oct 2018 19:50:29 GMT

Gulf states provide $2.3B to Jordan

Saudi Arabia, the United Arab Emirates and Kuwait provided $2.3B to Jordan to support the country's economy, a statement by the Ministry of Finance shows.

Thu, 04 Oct 2018 19:49:49 GMT

Morocco, Russia discuss economic, technical cooperation

Morocco and Russia hold the 7th session of the Joint Economic, Scientific and Technical Cooperation Committee in Rabat to strengthen cooperation between the countries.

Thu, 04 Oct 2018 19:30:38 GMT

Iran to overcome US sanctions

Iran will overcome the US economic sanctions against the country, the Iranian Supreme Leader Ayatollah Ali Khamenei vows.

Thu, 04 Oct 2018 19:29:51 GMT

Bosnia and Herzegovina to hold general elections

Bosnia and Herzegovina citizens prepare to head to the polls on October 7 to elect members of the presidency, the country's Central Election Commission reports.

Thu, 04 Oct 2018 18:28:11 GMT

US rejects some EU proposal on WTO reformation

On Thursday, the US Ambassador to the WTO Dennis Shea rejected some of the proposals made by the EU regarding the possible reform of the World Trade Organisation.

Thu, 04 Oct 2018 18:23:04 GMT

IMF: Japan faces increased financial risks

On Thursday, the International Monetary Fund claimed that Japan faces increased financial risks because of the global trade tensions and uncertainty regarding the planned increase of sales tax.

Thu, 04 Oct 2018 17:35:24 GMT

Turkey's Erdogan: referendum on EU accession is possible

On Thursday, the President of Turkey Tayyip Erdogan claimed that the referendum on Turkey's accession to the EU may suit the country, although this step needs to be discussed. 

Thu, 04 Oct 2018 17:32:15 GMT

British Johnson welcomes negotiations on Canada-style Brexit

On Thursday, the former Foreign Minister of the UK Boris Johnson welcomed the proposal from the European Council President Donald Tusk which would suggest Canada-style Brexit deal between EU and the UK.

Thu, 04 Oct 2018 15:53:11 GMT

Kuwait, UAE, Saudi to provide financial support to Bahrain

The United Arab emirates, Kuwait and Saudi Arabia are set to sign an aid deal to provide Bahrain with up to $10B financial support, according to the Kuwait's newspaper Al Rai.

Thu, 04 Oct 2018 15:52:42 GMT

Blackstone to acquire Clarus amid expansion into healthcare sector

Blackstone Group announced on Thursday it was planning to acquire Clarus, the global life sciences investment company, amid the investment manager's intention to expand in the healthcare sector.

Thu, 04 Oct 2018 15:10:59 GMT

Emirates to cut flights for 45 days amid Dubai airport runway closure

Emirates stated on Thursday it would cut the number of its flights by third during 45 days in 2019, as two runways at the Dubai International Airport would be closed for repair work.

Thu, 04 Oct 2018 14:56:00 GMT

HSBC boosts real estate, infrastructure and power teams

Seven new bankers have been hired by HSBC, as the banking and financial services company is expanding its real estate, infrastructure and power businesses, amid its intention to serve the clients among these industries.

Thu, 04 Oct 2018 14:35:18 GMT

J&J ties up with Arrowhead over gene-silencing drug

Johnson & Johnson has partnered with Arrowhead Pharmaceuticals to develop and sell the gene-silencing Hepatitis B drug, planning to acquire a minority stake in a possible deal that could be valued at $3.7B.

Thu, 04 Oct 2018 14:21:35 GMT

US initial jobless claims drop 8K last week

The number of applications for US unemployment benefits dropped to 207K in the week ending September 29, while analysts expected them to slide to 214K from the previous 215K reading.

Thu, 04 Oct 2018 13:24:07 GMT

Amazon, Apple deny news on China's hardware attack

On Thursday, Amazon.com and Apple denied the report published by Bloomberg that the malicious computer chips had been inserted by China's intelligence into the companies' systems.

Thu, 04 Oct 2018 13:16:46 GMT

Spain's court launches inquiry into Caixabank's takeover of BPI

Spain's High Court has launched an investigation into Caixabank's 2017 acquisition of the Portuguese Banco PPI, after two shareholders had brought a lawsuit against the Spanish lender.

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