News

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Sat, 22 Apr 2017 19:50:43 GMT

Trade balances cannot be fixed through exchange rate adjusts, Aso says

The Japanese Finance Minister Taro Aso said that trade imbalances could not be fixed through exchange-rate adjustments alone, pushing back against the US calls to enhance the IMF's scrutiny of currency moves.

Sat, 22 Apr 2017 18:59:45 GMT

EU considers legislative measures to take down online hate speech

The EU considers legislative measures to harmonise how social media platforms including Facebook and Twitter fight against hate speech, fake news and incitement to violence. 

Sat, 22 Apr 2017 18:50:56 GMT

Germany's Schaeuble warns against financial regulation rollback

The German Finance Minister Wolfgang Schaeuble warned against fast and uncoordinated rollback of financial regulation, adding that such a step could jeopardise stability.

Sat, 22 Apr 2017 18:06:58 GMT

IMF members pledge to reduce global imbalances

The IMF members pledged to reduce excessive global imbalances, refrain from competitive devaluations, and no longer target exchange rates for competitive purposes. 

Sat, 22 Apr 2017 17:56:46 GMT

IMF members agree on need of free and fair trade

All members of the IMF agree on the need to reach free and fair trade, Agustin Carstens, the chairman of the IMF's steering committee said. The final goal is to benefit from trade, Carstens added.

Sat, 22 Apr 2017 17:00:28 GMT

Germany's intelligence agency spies on Interpol, Europol

The German foreign intelligence agency, the BND, was reported to spy on international police agencies and media organisations, as well as monitored Europol for years. 

Sat, 22 Apr 2017 16:52:22 GMT

US Treasury Secretary urges IMF to improve FX surveillance

The US Treasury Secretary Steven Mnuchin urged the IMF to improve surveillance of members' exchange rates and external imbalances, as huge trade imbalances would undermine free and fair trade. 

Sat, 22 Apr 2017 15:56:26 GMT

ECB ready to prop up French banks

The ECB is ready to provide financial assistance to French banks if needed after the first round of presidential election. However, the central bank does not expect such move will be required, the ECB official Ewald Nowotny said.

Sat, 22 Apr 2017 15:56:06 GMT

Wall Street prepares for busiest earnings week in decade

Wall Street prepares for the busiest earnings week in years, with over 190 members of S&P's 500 index delivering their quarterly scorecards. Thursday will be the busiest day with almost 70 reports due.

Sat, 22 Apr 2017 15:06:22 GMT

Knife-wielding man arrested at Paris' Gare du Nord station

The man was captured after threatening police at Gare du Nord station this afternoon. The scene caused panic before the man was arrested.

Sat, 22 Apr 2017 15:06:11 GMT

Theresa May not to rule out tax rises after election

The British Prime Minister Theresa May has refused to confirm whether the Conservatives would increase taxes after the General Election.

Sat, 22 Apr 2017 14:02:01 GMT

Thousands of ex-Taliban fighters enter Germany

Thousands of ex-Taliban fighters most probably could have been entered Germany over the past years among an inflow of more than a million refugees and migrants. 

Sat, 22 Apr 2017 14:01:45 GMT

Police officers hurt amid German nationalist convention protest

Two policemen were injured and a police car was torched during protests in Cologne at a meeting held by the anti-immigration Alternative for Germany party.

Sat, 22 Apr 2017 13:14:55 GMT

12 die in Venezuela as violent protests continue

Following a wave of anti-government demonstrations, 12 people died in violent incidents in the capital Caracas overnight, Venezuela's Justice Ministry reported.

Sat, 22 Apr 2017 13:14:10 GMT

Russian hacker gets longest-ever US hacking sentence

Russian hacker Roman Seleznev was sentenced to 27 years in prison, after he was convicted of causing more than $169M in damage by hacking into point-of-sale computers.

Sat, 22 Apr 2017 12:06:01 GMT

Trump administration replaces US surgeon general Vivek Murthy

Indian-origin surgeon general Vivek Murthy was asked to resign by the Donald Trump administration and would be replaced by his deputy Rear Admiral Sylvia Trent-Adams.

Sat, 22 Apr 2017 12:05:48 GMT

Donald Trump promises big announcement on tax reform on April 26

The President Donald Trump promised a big announcement about tax reform next week, after signing three presidential directives related to taxes and financial regulations at the Treasury Department.

Sat, 22 Apr 2017 11:26:03 GMT

Lebanese Army busts massive ISIL cell near Syrian border

The Lebanese army busted a major Islamic State cell near the Syrian border this morning, arresting at least 10 members of this terrorist group.

Sat, 22 Apr 2017 11:25:54 GMT

Afghan army base attack death toll rises to 140

The death toll from Friday's Taliban-led terror strike on an Afghan military base in Mazar-i-Sharif have risen from 50 to about 140 soldiers.

Sat, 22 Apr 2017 10:16:45 GMT

Analyst who predicted Trump's win bets on Le Pen

Charles Gave, an economist and financial analyst, who predicted Donald Trump's victory in the US presidential election, placed a bet on Marine Le Pen to win the French presidential race.

Sat, 22 Apr 2017 10:01:14 GMT

Trump puts EU ahead of UK in trade queue

On Saturday, the Times reported, that the European Union would likely win a free-trade deal with the United States before the post-Brexit UK.

Sat, 22 Apr 2017 09:16:18 GMT

VW sentenced to three years' probation

On Friday, a US federal judge sentenced Volkswagen to three years' probation and independent monitoring over the emissions cheating scandal.

Sat, 22 Apr 2017 09:09:27 GMT

Iraqi push on Mosul triggers mass exodus

On Saturday, hundreds of people left the city of Mosul after Iraqi military forces penetrated the western part of the city.

Sat, 22 Apr 2017 08:28:09 GMT

Uganda wants more Chinese investment

Uganda plans to attract more investment from China with "the most favourable policies", says the Ugandan Ambassador to China Charles Madibo Wagidoso.

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