News

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Sat, 10 Mar 2018 13:05:37 GMT

China's steel exports to drop this year

The Chairman of Fujian Sangang Group Li Lizhang said on Saturday that Chinese steel exports are likely to plunge this year due to growing internal demand and stricter environmental regulations.

Sat, 10 Mar 2018 12:28:59 GMT

Germany and France delay EU reform presentation

According to Der Spiegel, the French President Emmanuel Macron and German Chancellor Angela Merkel have decided to cancel presentation of Euro Zone reforms at European leaders summit that will take place this month.

Sat, 10 Mar 2018 12:28:51 GMT

Xi warns against corruption in Chongqing

In a meeting with parliamentarians of the city of Chongqing the Chinese President Xi Jinping warned against corruption and called to ensure that family members do not become corrupt.

Sat, 10 Mar 2018 11:09:13 GMT

Deutsche Bank management to cancel bonuses

The CEO of Deutsche Bank John Cryan announced on Saturday that senior management will return their bonuses amid heavy criticism related to inability of the company to generate profit for third consecutive year.

Sat, 10 Mar 2018 11:08:21 GMT

Steve Bannon to participate at National Front's congress

A source familiar with the matter confirmed on Saturday that one of the closest Donald Trump's aides Steve Bannon will deliver a speech at congress of French far-right National Front.

Sat, 10 Mar 2018 10:07:26 GMT

Trump: deal with DPRK is "in the making"

The deal with the Democratic People's Republic of Korea is "very much in the making", the US President Donald Trump says.

Sat, 10 Mar 2018 10:06:36 GMT

Brazil seeks negotiations with US on tariffs

The Brazilian government seeks negotiations with the US on steel and aluminium import tariffs, the Brazilian Finance Minister Henrique Meirelles says.

Sat, 10 Mar 2018 09:38:48 GMT

Venezuela raises $5B from crypto currency pre-sale

Venezuela raised $5B from pre-sale of the country's crypto currency "Petro", the Venezuelan President Nicolas Maduro says.

Sat, 10 Mar 2018 09:37:59 GMT

BP to triple gas stations in Mexico in 2018

British oil and gas giant BP plans to triple the number of gas stations in Mexico in 2018 after the sector was opened up to competition, the Director Alvaro Granada says.

Sat, 10 Mar 2018 08:31:48 GMT

Greece to issue annual treasury bills

Greece will issue annual treasury bills on March 14 for the first time in 8 years, the Greek Public Debt Management Agency says.

Sat, 10 Mar 2018 08:30:52 GMT

South Sudan suspends UN radio

UN-aided Radio Miraya FM operations were suspended on Friday by South Sudan's media regulator as the radio failed to obtain a valid broadcasting license.

Sat, 10 Mar 2018 07:21:35 GMT

Mongolia Mining Expo starts in April

Mongolia holds the 2018 International Mining and Oil Expo in April with over 120 exhibitors from nations including China, Russia, Germany and Canada.

Sat, 10 Mar 2018 07:20:46 GMT

Zimbabwe needs $122M to clear mines

Zimbabwe, a densely mined country, seeks to raise $122M to clear land mines planted by the Rhodesian Security Forces in the late 1970s.

Sat, 10 Mar 2018 06:33:48 GMT

Xi urges US and DPRK to start dialogue

The Chinese President Xi Jinping urges his US counterpart Donald Trump to start dialogue with the Democratic People's Republic of Korea.

Sat, 10 Mar 2018 06:32:58 GMT

Azerbaijan to conduct military exercises

Azerbaijan plans to conduct large-scale military exercises with 25,000 personnel, the Azerbaijani Defence Ministry says.

Sat, 10 Mar 2018 05:14:51 GMT

EU to take US to WTO over aluminium, steel tariffs

The EU is ready to take the US to the WTO court over aluminium and steel import tariffs, the European Commission Vice President Jyrki Katainen says.

Sat, 10 Mar 2018 05:13:54 GMT

Russia and Ethiopia to boost cooperation in nuclear energy

Russia and Ethiopia plan to boost cooperation in the nuclear energy sector as Ethiopia wants to increase its capacity to 37,000 MW by 2037 from the current 4,200 MW.

Sat, 10 Mar 2018 03:34:55 GMT

Best Buy completes turnaround, ready to compete with Amazon.com

The CEO of Best Buy stated that the company's five-year turnaround was completed and it is set to compete with Amazon.com to prove that the US retail is not a situation of "winner takes all".

Sat, 10 Mar 2018 03:31:17 GMT

S&P: US tariffs to hit state, budgets

The decision of the US President Donald Trump to set tariffs on imports of aluminium and steel is likely to result in a slower than expected budget forecasts, S&P Global Ratings stated.

Fri, 09 Mar 2018 20:51:41 GMT

Saudis, UK sign more than $2B worth deals

Saudi Arabia and Britain signed more than $2B worth commercial agreement during Crown Prince's visit to London, a joint statement showed.

Fri, 09 Mar 2018 20:51:21 GMT

Oil prices grow $2 on market optimism

Oil prices increased nearly $2, rebounding from the two-day period of declines, as Wall Street surged on solid US job market data, while investors anticipated geopolitical tensions to ease.

Fri, 09 Mar 2018 20:18:29 GMT

Atlanta Fed diminishes US Q1 GDP forecast

The US economy is likely to grow at a 2.5% yearly pace in the Q1, as the wage growth weakened in February, lowering expected investment and consumer spending, the Atlanta Fed stated.

Fri, 09 Mar 2018 20:13:01 GMT

North Korea's Foreign Minister expected to visit Sweden

Ri Yong Ho, the North Korean Foreign Minister, is likely to visit Sweden in the very near term, a local newspaper reported, quoting sources.

Fri, 09 Mar 2018 19:01:21 GMT

Sunrun seeks $500M for rooftop solar expansion

The largest US residential-solar business Sunrun was seeking about $500M to finance more rooftop-power systems, according to sources familiar with the matter.

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