News

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Wed, 10 May 2017 10:51:47 GMT

German Schulz supports Macron's idea on Euro zone budget

The German SPD leader and the Chancellor Angela Merkel's rival Martin Schulz supported the idea of France's President-elect Emmanuel Macron on a common budget for the Euro zone countries to fund investment.

Wed, 10 May 2017 10:51:23 GMT

Linde and Praxair to complete merger of equals in 2018

On Wednesday, the German Linde Group CEO said that the company forecasts to complete the $70B merger of equals with the US Praxair in 2018, if talks succeed.

Wed, 10 May 2017 10:11:48 GMT

US gives Kurds heavy weapons

In an effort to increase the firepower of the Kurdish militias, which are fighting Daesh, the US have announced of a decision to arm the Kurds with large caliber weapons. The move was protested by Turkey.

Wed, 10 May 2017 10:11:05 GMT

South Korean President plans to move

The new President of South Korea Moon Jae-In has stated that he will base his administration at an old government building in the center of Seoul. Moving from the presidential Blue House to the run down building will be a logistical nightmare for the security and administrative staff.

Wed, 10 May 2017 09:20:42 GMT

Apple acquires sleep tracking app Beddit

The US tech leader Apple had bought the Finnish hardware and sleep tracking app maker Beddit, the start-up announced on Wednesday, providing no further detail on the acquisition.

Wed, 10 May 2017 09:10:32 GMT

ChemChina wins Syngenta shareholders' 82% support in $43B takeover

ChemChina got about 82% Syngenta shareholders' support amid its $43B takeover deal of the Swiss seeds group and pesticides.

Wed, 10 May 2017 08:33:02 GMT

South Korea's Suh calls to postpone summit with North Korea

The newly nominated South Korean spy chief Suh Hoon considers that the right conditions on the North Korean nuclear crisis must be defined before a summit between two countries will be held.

Wed, 10 May 2017 08:16:13 GMT

Toyota expects 20% profit decline amid high US sales cost

Toyota Motor anticipates its operating profit will drop 20% to $14.06B in 2017 as the company expects increased expanses from marketing activities in the US.

Wed, 10 May 2017 07:18:02 GMT

South Korean business group promises job creation

A business group, which represents the largest South Korean companies, announced on Wednesday that they will work together with the new President of the country to create jobs and boost investment.

Wed, 10 May 2017 07:16:46 GMT

Chinese Premier visits Foxconn

The Premier of China Li Keqiang has visited Foxconn to reassure the company that the development and optimization of business environment in China will continue. This comes in the aftermath of the company's CEO visiting the White House.

Wed, 10 May 2017 06:21:13 GMT

Huge opportunities in Cuba for US companies

Boston Consulting Group has published a report that Cuba provides huge opportunities for cruise and air lines from the US and US hotel companies. The reason is the forecasted sevenfold increase of the number of visitors to the island.

Wed, 10 May 2017 06:19:51 GMT

Amazon stops Walmart's system

At the start of this year specialists at Wal-Mart got a surprise. As it turns out, the technology the company used to track online prices of various goods suddenly stopped, when it checked Amazon.com prices.

Wed, 10 May 2017 04:55:50 GMT

Former Brazil president in court

The former President of Brazil Luiz Inacio Lula is being tried on Wednesday, as he is being prosecuted in five criminal cases. Meanwhile, the lawyers of Lula are attacking the credibility of the judge in charge of the case.

Wed, 10 May 2017 04:52:37 GMT

New South Korean President takes oath

The new President of South Korea Moon Jae has taken office. As it occurred, the President announced that he is ready to visit North Korea and negotiate with China and the United States.

Wed, 10 May 2017 04:19:43 GMT

US Dollar losses value

On Wednesday the US Dollar lost value, while safe haven investments gained, as US President Donald Trump fired the Director of FBI James Comey.

Wed, 10 May 2017 04:18:55 GMT

Governor Kuroda names biggest risk

The Governor of Bank of Japan Haruhiko Koruda on Wednesday announced that the overseas events, which cause uncertainty regarding the US policies and geopolitical risks are the biggest threats for the Japanese economy.

Wed, 10 May 2017 02:55:32 GMT

US President to meet Russian Foreign Minister on Wednesday

Donald Trump and Sergei Lavrov, the Russian Foreign Minister, are set to discuss US-Russia relations, Syria and international issues at a meeting on Wednesday.

Wed, 10 May 2017 02:50:46 GMT

Chinese CPI at 1.2% in April

According to the Chinese Bureau of Statistics, the country's CPI rose more than expected to a 1.2% annualised rate in April, up from the preceding month's 0.9% reading.

Wed, 10 May 2017 02:19:07 GMT

BoJ's monetary policies not be changed

The BoJ Governor Haruhiko Kuroda revealed that he was not thinking about changes in the BoJ's policy mix, pointing its main instrument was the Yield Curve Control.

Wed, 10 May 2017 02:15:56 GMT

US Ross says 3% GDP increase not achievable in 2017

Wilbur Ross, the US Commerce Secretary, expects the US economy to fall short of 3% growth this year, but to achieve the goal after all Trump's policies are implemented.

Tue, 09 May 2017 20:09:05 GMT

Oil prices remain below $50 on doubts over OPEC's ability to rebalance market

Crude oil prices stayed below $50 per barrel on Tuesday, as the strong US Dollar, weak demand and rising US output raised deep concerns over the OPEC's ability to rebalance the oil market.

Tue, 09 May 2017 19:54:46 GMT

Trump to meet with Crown Prince of Abu Dhabi on May 15

The White House reported on Tuesday that the Crown Prince of Abu Dhabi Mohammed bin Zayed bin Sultan Al-Nahyan would come to Washington on May 15 to meet with the US President Donald Trump.

Tue, 09 May 2017 19:17:44 GMT

US economic optimism deteriorates in May

The IBD/TIPP Economic Optimism Index, a broad indicator of Americans' confidence in the US economy, dropped to 51.3 in May from 51.7 in the prior month.

Tue, 09 May 2017 19:08:21 GMT

Trump postpones climate change talks

The White House reported on Tuesday that the US President Donald Trump would not decide on the US role in the Paris Agreement on climate change until the end of the G7 summit.

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