News

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Fri, 11 Aug 2017 04:19:58 GMT

Cambodia's PM accuses Laos of border breaching

On Friday, the Prime Minister of Cambodia Hun Sen accused Laos of breaching the border between the two countries back in April and said their troops had to leave before 17 August.

Fri, 11 Aug 2017 02:53:09 GMT

White House to release tax reform plan in September

The White House is expected to issue a document in September, showing a framework on overhauling the US tax bill, sources said.

Fri, 11 Aug 2017 02:52:45 GMT

PayPal announces acquisition with Swift Financial

PayPal is set to acquire Swift Financial, the US online lender, aiming to enhance services for small businesses to support their growth.

Fri, 11 Aug 2017 02:08:18 GMT

Most economist anticipate Fed to raise rates in December

Most US economist expected the Federal Reserve to make next rate hike in December and start unwinding $4.5T balance sheet in September, survey showed.

Fri, 11 Aug 2017 02:07:06 GMT

Mexico expects NAFTA to offer great growth potential if updated

NAFTA was expected to offer a great potential to expand benefits for productive changes of its members, if Mexico could avoid trade tariffs, Mexican officials stated.

Thu, 10 Aug 2017 20:07:38 GMT

Oil prices slip to $51.90

On Thursday, crude oil prices lost 1.52% and settled down at $51.90 a barrel amid rising worries over a global oversupply and insufficient demand.

Thu, 10 Aug 2017 20:07:29 GMT

Benchmark Capital files a suit against Kalanick

According to the Axios news website, Benchmark Capital filed a law suit against the Uber's former CEO Travis Kalanick for breach of contract and fraud.

Thu, 10 Aug 2017 19:09:28 GMT

US deficit amounts to $43B in July

On Thursday, the US Department of the Treasury posted a $43B deficit for July on a year-over-year basis amid higher tax revenues and lower medical care spending.

Thu, 10 Aug 2017 19:09:17 GMT

AGOA talks end with no progress

On Thursday, the US and African officials finished their negotiations over review of the African Growth and Opportunity Act with no notable result.

Thu, 10 Aug 2017 18:09:41 GMT

Trump appoints Chatterjee to lead FERC

On Thursday, the US President Donald Trump had appointed Neil Chatterjee, as a president of the Federal Energy Regulatory Commission.

Thu, 10 Aug 2017 18:09:12 GMT

Trump blames McConnell for healthcare fiasco

The US President Donald Trump criticised the US Senate Majority Leader Mitch McConnell for inability to finally repeal and replace the 2010 Affordable Care Act.

Thu, 10 Aug 2017 16:54:58 GMT

OPEC expects higher oil demand in 2018

OPEC announced that it expects an increase in demand for crude oil in the next year, as the global consumption continued to grow.

Thu, 10 Aug 2017 16:54:26 GMT

US producer prices fall surprisingly in July

The Commerce Department reported that the US Producer Prices Index dropped 0.1% in July, while analysts anticipated a 0.1% rise.

Thu, 10 Aug 2017 16:35:56 GMT

GE to partially close NY facility, move manufacturing to China

General Electric announced that it would close the part of the company's manufacturing facility in the city of New York, planning to relocate it to China.

Thu, 10 Aug 2017 16:35:19 GMT

Tunisian airline transfers 22.7% more passengers in July

Tunisair reported a yearly increase of 22.7% in the amount of passengers in July, with the total number of 384K clients travelled by the Tunisian airline in the reported period.

Thu, 10 Aug 2017 14:54:21 GMT

New Zealand faces decrease in fuel spending in July

Statistics New Zealand reported that domestic drivers spent 4.9% less money on fuel over the course of July, the weakest monthly spending since February 2015.

Thu, 10 Aug 2017 14:54:11 GMT

ECB expected to change QE in September

The European Central Bank is more likely to change its QE programme in September, rather than in October, an analysts' poll showed.

Thu, 10 Aug 2017 14:21:16 GMT

Former City banker Rodriguez named as Barclaycard head

Barclays appointed the ex-Citigroup banker Barry Rodriguez as its Barclaycard International's director, the British bank reported on Thursday.

Thu, 10 Aug 2017 14:02:45 GMT

Mitsubishi plans new model export from Indonesia in 2018

Mitsubishi is eager to launch export of its new multipurpose car from the carmaker's Indonesian factory next year and is aimed to supply it to the company's new parent Nissan Motor.

Thu, 10 Aug 2017 13:21:22 GMT

EU puts entities, people to North Korean sanctions list

On Thursday, the European Union banned four entities and nine people, adding them to the North Korea sanctions list on the back of the United Nations measures against Pyongyang's missile tests.

Thu, 10 Aug 2017 12:51:58 GMT

Initial jobless claims jump 3K last week

The number of applications for US unemployment benefits surged 3K to 244K in the week ending August 5, following the prior week's upwardly revised 241K reading.

Thu, 10 Aug 2017 12:31:32 GMT

Man jailed to 10 years for spying on UAE for Iran

The United Arab Emirates sentenced an Iranian national to 10 years in prison for spying and aiding Iran's nuclear programme, the local news agencies reported on Thursday.

Thu, 10 Aug 2017 12:02:59 GMT

VW, Tata Motors end discussion on emerging markets collaboration

On Thursday, Germany's Volkswagen and Indian Tata Motors finished their negotiations over car development cooperation for emerging markets, saying the strategic benefits are below their threshold levels.

Thu, 10 Aug 2017 10:56:53 GMT

German lawmakers to arrive at Konya's air base in September

According to the Turkish foreign ministry, Germany's lawmakers are scheduled to visit German soldiers at Konya's air base on September 8 as a part of the NATO trip.

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