News

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Tue, 04 Jul 2017 04:33:42 GMT

Samsung to invest $18.6B in South Korea amid memory chip boom

The tech giant Samsung is planning to make a $18.6B investment into South Korea as the company aims to extend the lead in next-generation displays for its smartphones and memory chips.

Tue, 04 Jul 2017 04:25:23 GMT

North Korea test-launches ballistic missile before G20 summit

On Tuesday, North Korea test-fired another ballistic missile into the sea that landed in the Japanese EEZ, right ahead of the G20 summit in Germany's Hamburg later this week.

Tue, 04 Jul 2017 02:52:50 GMT

Trump to promote US natural gas in Russia's backyard

Donald Trump is expected to promote rapidly growing supplies of US natural gas during the G20 meeting, aiming to help other countries to become less dependent on Russian gas.

Tue, 04 Jul 2017 02:52:00 GMT

Xi, Putin agree to enhance cooperation on main issues

Chinese President Xi Jinping and Russian President Vladimir Putin agreed to strengthen cooperation and intensify communication in dealing with the main global issues.

Tue, 04 Jul 2017 02:13:30 GMT

Australian retail sales rise more than expected in May

Retail sales in Australia increased 0.6% in May, beating expectations for a 0.2% rise and following a 0.1% hike in April, the Australian Bureau of Statistics said.

Tue, 04 Jul 2017 02:12:41 GMT

Schaeuble expects EU growth to end stimulus, negative rates

The Euro zone's strong growth is likely to allow the ECB to gradually normalize monetary policy and end negative interest rates, Germany's FM Schaeuble stated.

Mon, 03 Jul 2017 20:02:52 GMT

UK to continue cooperation with EU over drug issues

In a letter to the Financial Times, ministers Jeremy Hunt and Greg Clark reaffirmed intetion of the UK government to continue to cooperate with the EU over medicine regulation after Brexit.

Mon, 03 Jul 2017 20:02:32 GMT

Qatar's al-Thani to visit France in August

According to the Macron's office, Qatar's Emir Sheikh Tamim bin Hamad al-Thani plans to visit France at the end of the summer. 

Mon, 03 Jul 2017 19:07:49 GMT

Brazil trade balance beats expectations

The official data released on Monday showed that Brazil has trade surplus of $7.2B, which represents the second highest figure of all time. 

Mon, 03 Jul 2017 19:07:02 GMT

Danone plans to sell Stonyfield for $875M

In a statement released on Monday, the Danone revealed its decision to sell the American organic yogurt maker Stonyfield to the French dairy group Lactalis for $875M. 

Mon, 03 Jul 2017 18:11:12 GMT

Four Barclays ex-executives face fraud allegations

On Monday, four former senior Barclays executives appeared in London's court, facing fraud allegations commited during company's £12B fundraising in the midst of the financial crisis in 2008.

Mon, 03 Jul 2017 18:10:00 GMT

Turkey criticizes Greek coastguard's actions

In a statement released on Monday, the Turkey Ministry of Foreign Affairs described actions of the Greek coastguard as "disproportionate" and violating fundamental human rights.

Mon, 03 Jul 2017 16:57:44 GMT

Trump to speak with EU officials

US President Donald Trump is expected to speak with Italian, German and French officials ahead of the G20 summit, showing different view on trade, climate change and immigration.

Mon, 03 Jul 2017 16:56:42 GMT

BoE to correct weaknesses in banks' credit deals

The Bank of England is set to announce measures to correct weaknesses found in how banks doled out credits to customers in a quickly expanding pace.

Mon, 03 Jul 2017 16:07:21 GMT

US construction spending flat in May

The Commerce Department reported that US construction spending was unchanged in May, following an upwardly revised drop of 0.7% in April.

Mon, 03 Jul 2017 16:05:27 GMT

Merkel's conservatives pledge to reach full employment

Angela Merkel's conservative party promised Germany an increase in police, homes and to achieve full employment by 2025, presenting their campaign for September's elections.

Mon, 03 Jul 2017 15:25:16 GMT

Putin to talk about Ukraine with Macron and Merkel

Vladimir Putin, the Russian President, is set to discuss the crisis in Ukraine with Germany's Angela Merkel and France's Emmanuel Macron during this week's G20 summit.

Mon, 03 Jul 2017 15:24:21 GMT

Germany and France promise to help Italy on migrants

Germany and France pledged to help Italy in reducing the flow of migrants arriving from Africa by providing funding for coastguard in Libya and relocating refugees more swiftly.

Mon, 03 Jul 2017 14:11:47 GMT

US manufacturing activity rebounds markedly last month

The ISM reported on Monday that its PMI for the US manufacturing sector came in at 54.3 in June, up from the preceding month's 54.9, while analysts anticipated a slight increase to 55.0.

Mon, 03 Jul 2017 13:59:12 GMT

Markit Euro zone Manufacturing PMI comes in at 57.4

Markit reported that manufacturing activity in the 19-country bloc rose to 57.4 in June, following the prior month's 57.0 and surpassing the flash estimate of 57.3.

Mon, 03 Jul 2017 13:21:39 GMT

Euro zone unemployment rate holds steady in May

Eurostat reported that the jobless rate in the 19-country bloc remained unchanged at 9.3% in May, meeting analysts' expectations.

Mon, 03 Jul 2017 13:19:20 GMT

British manufacturing activity falls to 54.3 in June

Markit reported on Monday that its PMI for the UK manufacturing sector came in at 54.3 last month, down from May's donwardly revised 56.3 and falling behind expectations for 56.4 points.

Mon, 03 Jul 2017 11:52:22 GMT

Saudi King Salman not to attend G20 summit

According to Germany's government spokesman, the King of Saudi Arabia Salman bin Abdulaziz is not eager to attend the G20 summit in Hamburg on July 7-8.

Mon, 03 Jul 2017 11:51:45 GMT

PM Abe aims to regain public trust after poll failure

Japan's PM Shinzo Abe stated on Monday that he would try to regain public's trust after his Liberal Democratic Party suffered a devastating defeat in the election.

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