News

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Tue, 10 Oct 2017 06:30:58 GMT

OPEC to reconvene US meeting over oil output cut deal

The OPEC is eager to reconvene the meeting with the US over their accord to cut oil output, the cartel's Secretary General stated on Tuesday.

Tue, 10 Oct 2017 06:27:30 GMT

Takeaway.com to put up commission rates starting 2018

The Dutch meal delivery company Takeaway.com is planning to raise its commission rates, starting from January 1, as the firm seeks to have a 5% positive impact on the revenue growth.

Tue, 10 Oct 2017 05:05:28 GMT

President Tsai promises to defend Taiwan's freedoms

In a speech delivered on Tuesday, the President of Taiwan Tsai Ing-wen pledged to defend democracy and freedom and warned that her homeland would not bow to pressure.

Tue, 10 Oct 2017 05:05:01 GMT

Qantas to raise $272M from loans

Qantas Airways is trying to raise $272M from loan in order to switch the types of air vessels used as a collateral, the company's spokesman revealed on Tuesday.

Tue, 10 Oct 2017 04:24:32 GMT

Oil prices stabilize amid OPEC statement

On Tuesday, crude oil prices rose only by 6 cents and settled down at $55.85 a barrel, as OPEC signalled that "market is rebalancing" and the US refineries were temporary neutralized by Hurricane Nate.

Tue, 10 Oct 2017 04:24:12 GMT

Kobe Steel admits data falsification

Kobe Steel Ltd., the third-biggest Japanese steelmaker, confessed that it had falsified data to show that shipped copper and aluminium met customer specifications.

Tue, 10 Oct 2017 02:52:36 GMT

AIG sees $3B of catastrophe losses in third quarter

American International Group stated that the company anticipated to book pre-tax looses of about $3B in the September quarter mainly related to Hurricanes Irma, Harvey and Maria.

Tue, 10 Oct 2017 02:51:58 GMT

Most Britons want PM May to head Brexit process

Nearly six in ten people want the UK Prime Minister Theresa May to stay in the position until the process of Brexit is completed, poll showed.

Tue, 10 Oct 2017 02:11:49 GMT

Samsung shares jump on anticipated memory chip profit in Q3

Shares in Samsung rose 4.5% after the market opening in Seoul this morning, as analysts anticipated the company to announce record memory chip profits in the Q3.

Tue, 10 Oct 2017 02:10:53 GMT

BoJ Governor Kuroda promises to stick with QE

Haruhiko Kuroda, the Governor of the Bank of Japan, repeated the Central Bank's resolve to keep its massive monetary stimulus until the 2% inflation target is met.

Mon, 09 Oct 2017 20:01:50 GMT

Euro zone ministers discuss future of ESM on Monday

Euro zone finance ministers discussed on Monday the future role of the European Stability Mechanism which was created as a lender of last resort to the union's governments.

Mon, 09 Oct 2017 20:01:08 GMT

Lavrov says escalation of tensions on Korean peninsula is unacceptable

The Russian Foreign Minister Sergei Lavrov said on Monday that it was unacceptable to allow any intensification of tensions on the Korean peninsula.

Mon, 09 Oct 2017 19:03:13 GMT

IKEA introduces new strategy to adapt to changing consumer behaviour

IKEA is to test its "open-source" design and full-scale showrooms in an attempt to make their shops more accessible and thus adapt to dynamic changes in consumer habits.

Mon, 09 Oct 2017 18:59:29 GMT

EPA Chief is to sign an exit rule from Clean Power Plan on Tuesday

The Administrator of the US Environmental Protection Agency Scott Pruitt is to sign a rule on Tuesday to initiate the country's withdrawal from the Clean Power Plan.

Mon, 09 Oct 2017 18:11:52 GMT

Jeroen Dijsselbloem to serve on post until January

On Monday, Jeroen Dijsselbloem, the Euro group President, said he would continue to serve on the post until his term ends in the beginning of 2018.

Mon, 09 Oct 2017 18:10:31 GMT

PM May: UK not to revoke Article 50

The British Prime Minister Theresa May said on Monday the United Kingdom had no intention to revoke the Article 50 EU divorce process.

Mon, 09 Oct 2017 17:18:48 GMT

Euro group sees off Germany's Schaeuble

Finance ministers of the Euro zone countries saw off Germany's most prominent Finance Minister Wolfgang Schaeuble, who had stepped down to become the country's Parliament President.

Mon, 09 Oct 2017 17:17:30 GMT

Euro hits $1.1751 on Lautenschlaeger's comments

By 16:30 GMT, the Euro managed to reach the session's high of 1.1751 against the US Dollar, as the ECB board member Sabine Lautenschlaeger said the bank was ready to start tapering next year.

Mon, 09 Oct 2017 16:23:09 GMT

Georgia's Margvelashvili vetoes fresh constitution draft

On Monday, the President of Georgia Giorgi Margvelashvili vetoed the new constitution draft, sending it back to the government with his remarks and objections.

Mon, 09 Oct 2017 16:21:58 GMT

UK's May: Brexit talks must focus on future cooperation

The UK's Prime Minister Theresa May said on Monday that Brexit negotiations should focus on "what really matters": long-run relationship between the two sides.

Mon, 09 Oct 2017 14:55:50 GMT

Sentix investor confidence tops expectations

The overall Sentix investor confidence for the Euro area advanced by 1.5 points to reach a fresh 10-year high of 29.7 points in October.

Mon, 09 Oct 2017 14:55:38 GMT

German industrial production up 2.6% in August

According to the data released by Destatis on Monday, Germany's industrial production was up 2.6% over the course of August, beating estimates for a 0.9% gain.

Mon, 09 Oct 2017 14:34:32 GMT

Moldova PM sure to get EU funding next year

The Moldova Prime Minister Pavel Filip stated that he was assured of meeting all the requirements and securing funding in 2018 under a $117M accord with the European Union.

Mon, 09 Oct 2017 14:27:31 GMT

GM to buy Strobe in driverless car push

General Motors will acquire Strobe that helps driverless cars to identify objects at distance, using LIDAR technology, as the company seeks to boost its push for self-driving vehicles into the market.

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