News

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Mon, 15 May 2017 04:53:33 GMT

PBoC establishes fintech committee

On Monday, the People's Bank of China announced it had established a fintech committee to examine the fintech impact on the country's monetary policy and financial stability.

Mon, 15 May 2017 04:53:11 GMT

Thermo Fisher seeks to acquire Patheon

According to Bloomberg, the US biotechnology product development company Thermo Fisher is in advanced talks to acquire the leading pharmaceutical CDMO Patheon.

Mon, 15 May 2017 04:17:22 GMT

Chinese fixed-asset investment soars in January-April period

Fixed-asset investment, China's proxy measure for long-run spending, climbed 8.9% year-to-date in April, while economists had predicted a 9.1% increase.

Mon, 15 May 2017 04:15:20 GMT

China's retail sales up 10.7% y/y in April

The Chinese National Bureau of Statistics reported on Monday that retail sales jumped 10.7% year-over-year in April, following a 10.9% surge reported in March.

Mon, 15 May 2017 02:51:46 GMT

Australian home loans drop 0.5% in March

The seasonally adjusted number of home-loan approvals in Australia declied 0.5% in March, while analysts expected it to be flat at 0.0%.

Mon, 15 May 2017 02:51:30 GMT

Chinese industrial production down 6.5% in April

The Chinese National Bureau of Statistics reported that China's industrial output fell 6.5% year-over-year in April, following 7.6% registered in March.

Mon, 15 May 2017 02:16:10 GMT

UAE non-oil economic growth to expand this year

Natalia Timirisa of the IMF forecasted the non-oil GDP in the United Arab Emirates to uncrease about 3.3% in 2017, up from 2.7% last year, as austerity falls amid low oil prices.

Mon, 15 May 2017 02:10:23 GMT

New Zealand's retail sales at 1.5% in Q1

Statistics New Zealand reported that the country's retail sales increased 1.5% in Q1, up from the downwardly revised figure of 0.6% registered in the preceding quarter.

Sun, 14 May 2017 20:16:56 GMT

Britain actively prepares for Brexit talks

The UK Brexit Minister David Davis reported on Sunday that Britain was actively preparing for divorce talks with the EU due to start next month.

Sun, 14 May 2017 20:14:58 GMT

Austrian Finance Minister to propose snap election on Monday

The Austrian Finance Minister Sebastian Kurz said he would meet with the Chancellor Christian Kern on Monday to propose a snap election.

Sun, 14 May 2017 18:56:06 GMT

Democrats refuse voting on new FBI Director

A senior US Democrat said that Democrats would not vote on a new FBI Director unless the General Deputy Attorney appoints a special prosecutor to investigate Russia's interference in the US Elections.

Sun, 14 May 2017 18:52:08 GMT

Austrian conservatives pick Foreign Minister Kurz as new leader

The centre-right Austrian People's Party appointed the Foreign Minister Sebastian Kurz as its new leader, Kurz told local media on Sunday.

Sun, 14 May 2017 18:17:24 GMT

UN to discuss North Korea's latest missile launch

Diplomats reported that the UN Security Council would hold a meeting on Tuesday to discuss North Korea's Sunday missile launch.

Sun, 14 May 2017 18:12:44 GMT

North Korean missile lands 97 km from Russian coast

On Sunday, North Korea launched a non-nuclear ballistic missile that landed 97 km south of Russia's Vladivostok region, according to US officials.

Sun, 14 May 2017 16:57:15 GMT

Macron to meet International Olympic Committee's commission on Tuesday

The President of France Emmanuel Macron is expected to meet the IOC evaluation commission on Tuesday in an attempt to support Paris bid to carry out the 2024 Games.

Sun, 14 May 2017 16:56:20 GMT

France calls North Korea to abide by obligations

France condemned the latest North Korea's missile test as it was a serious threat to security and called the country to conform with its international commitments.

Sun, 14 May 2017 15:59:03 GMT

Thousands join protest in Moscow against resettlement plans

Thousands of people joined a protest in the center of Moscow, showing concerns about government plans to resettle citizens from Soviet-era apartments.

Sun, 14 May 2017 15:56:30 GMT

Czech PM to tell about his stance regarding FinMin nominee

Czech Prime Minister Bohuslav Sobotka is likely to tell coalition on Monday whether he is ready to accept a finance minister's proposed replacement.

Sun, 14 May 2017 15:05:06 GMT

Poland worries on its place in EU after Macro's win

Poland and Hungary feared about losing their influence in the EU single market after Emmanuel Macron was elected as French President.

Sun, 14 May 2017 15:02:43 GMT

China capable of keeping its financial markets steady

China is able to maintain stability in country's financial markets and is set to keep the Yuan steady, Chinese Premier Li Keqiang revealed.

Sun, 14 May 2017 13:56:42 GMT

Ukraine's Poroshenko has several candidates for central bank chief position

The Ukrainian President Petro Poroshenko said he had several candidates in mind to replace the central bank's Governor Valeria Gontareva. 

Sun, 14 May 2017 13:56:28 GMT

Renault to resume production on Monday after cyber attack

The French automaker Renault expects to resume normal production on Monday in the factories that suffered from the global cyber attack. 

Sun, 14 May 2017 13:04:42 GMT

Austria to hold snap parliamentary election this year

Austria's Chancellor Christian Kern said that the country would hold a snap parliamentary election this year, giving the far-right Freedom Party a chance of entering the national government.  

Sun, 14 May 2017 13:04:29 GMT

Dubai secures $3B financing for airport expansion

The Dubai government said that it secured $3Bin long-term financing for the expansion of airports, one of three multi-billion dollar infrastructure projects.

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