News

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Mon, 17 Feb 2020 14:48:34 GMT

Cathay Pacific comments on coronavirus

On Monday, Cathay Pacific Airways stated that the company is expecting a notable decline in its first quarter results due to the coronavirus outbreak.

Mon, 17 Feb 2020 13:44:49 GMT

UK consumer confidence surges

The IHS Markit institute released its Household Finance Index on Monday, which revealed that consumer confidence has reached an 11 year high level.

Mon, 17 Feb 2020 13:44:40 GMT

EU shares reach record high

On Monday, European stock indices reached record high levels. The surge was caused by market stimulus being announced by the Chinese government.

Mon, 17 Feb 2020 11:44:26 GMT

Global stocks surge

During Monday's Asian trading hours, global stock indices surged, as China announced additional stimulus.

Mon, 17 Feb 2020 10:45:45 GMT

GM closes NZ and Australia operations

General Motors Co announced on Monday that it would shut down its New Zealand and Australia operations and sell the Thailand plant to Great Wall.

Mon, 17 Feb 2020 10:07:16 GMT

Kuroda says BOJ to consider additional more easing

On Monday, the Sankei newspaper reported, Haruhiko Kuroda, the Governor of the Bank of Japan, stated that the BOJ would consider monetary policy steps if the coronavirus epidemic impact worsens.

Mon, 17 Feb 2020 09:05:19 GMT

Japan's economy declines at fastest pace in nearly 6-year

Data showed on Monday that Japan's gross domestic product declined by 6.3% in the October-December period, the fastest pace in nearly six years.

Mon, 17 Feb 2020 06:32:33 GMT

Dubai's DP World to become state-owned

One of the world largest port operators, Dubai's DP World, announced on Monday it would delist itself from the exchange and return under full control of the government.

Mon, 17 Feb 2020 04:09:59 GMT

Rouhani says Iran will never hold talks with US under pressure

Hassan Rouhani, the President of Iran, said on Sunday that Iran would never yield to the United States pressure for negotiations.

Mon, 17 Feb 2020 02:54:57 GMT

Italian PM says he is not looking to form new coalition

On Sunday, Giuseppe Conte, the Prime Minister of Italy, denied a report that he was putting together a new coalition government after relations with the Italian Viva Party deteriorated.

Sun, 16 Feb 2020 21:29:48 GMT

NY not to appeal T-Mobile-Sprint merger

Letitia James, the New York Attorney General, stated on Sunday that the state would not challenge the court's decision in favour of $40B T-Mobile-Sprint merger.

Sun, 16 Feb 2020 20:18:06 GMT

British Airways loses two senior managers

Klaus Goersch, the British Airways Chief Operating Officer, and Angela Williams, the Director of People, have decided to quit, the airline reported on Sunday.

Sun, 16 Feb 2020 19:01:05 GMT

Israel annual inflation rises slightly

Israel's inflation increased by 0.3% in January from the same period the previous year, a statement released by the state's Central Bureau of Statistics shows.

Sun, 16 Feb 2020 18:00:39 GMT

Air Italy ceases operations

Air Italy, a regional carrier founded in Italy, ceases all operations and lays off nearly 1,500 employees, a report published by the company shows.

Sun, 16 Feb 2020 17:09:31 GMT

EIB promises funds to Greece to help economy

The European Investment Bank plans to provide billions of euros to Greece to help the economy to recover, the president of the EIB Werner Hoyer says.

Sun, 16 Feb 2020 15:52:24 GMT

Pakistan, Turkey sign Strategic Economic Framework

Pakistan and Turkey signed a Strategic Economic Framework to promote trade and economic relations between the two countries in Islamabad, capital of Pakistan.

Sun, 16 Feb 2020 13:36:04 GMT

Thailand raises $3.2 billion at 5G auctions

On Sunday, the telecoms regulator of Thailand announced that it has raised $3.2 billion in auctions of 5G spectrum.

Sun, 16 Feb 2020 12:43:24 GMT

Battery recycler GEM introduces new product

On Sunday, GEM Co Limited, which is known for battery recycling, announced that the company would make a new disinfectant in Hubei province.

Sun, 16 Feb 2020 12:18:21 GMT

EIB to give Greece billions of euros this year

The European Investment Bank (EIB) President Werner Hoyer stated on Sunday that the bank would provide Greece this year billions of euros for agriculture and infrastructure projects.

Sun, 16 Feb 2020 11:18:28 GMT

HS2 project still to be discussed

Grant Shapps, the UK Transport Secretary, stated on Sunday that realization of the High Speed 2 rail project has not been discussed with Chinese colleagues yet.

Sun, 16 Feb 2020 10:10:25 GMT

Airbus criticizes US tariff increase

The largest European plane producer Airbus stated on Saturday that the US decision to raise tariffs on European jets would only deepen tensions between the US and the EU.

Sun, 16 Feb 2020 09:33:58 GMT

Sanders slams Bloomberg

The US presidential candidate Bernie Sanders stated on Saturday that his rival Michael Bloomberg would not bring "energy and excitement" to win the race.

Sun, 16 Feb 2020 07:43:37 GMT

US evaluates GE engine sales to China

On Sunday, a Reuters source revealed that the government of the United States is evaluating a stop of General Electric engines for a new Chinese airplane.

Sun, 16 Feb 2020 07:16:37 GMT

China expects revenue decline

On Saturday, the Finance Minister of China Liu Kun stated that the government expects a decline of the country's fiscal income.

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