News

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Mon, 18 Nov 2019 12:50:39 GMT

Head of Slovenian central bank comments on policy

The head of the Slovenian central bank Bostjan Vasle announced on Monday that the Euro Zone has become stable and stimulus is working.

Mon, 18 Nov 2019 12:00:13 GMT

SoftBank to create tech giant with Line, Yahoo Japan

Japan's SoftBank announced plans to merge app operator Line and internet unit Yahoo Japan to create a $30B tech giant, aiming to better compete to with Rakuten and the US tech powerhouses.

Mon, 18 Nov 2019 10:46:18 GMT

ByteDance to launch music subscription service

TikTok owner ByteDance was in talks with Sony Music, Universal Music and Warner Music for licensing deals to include their songs on the company's music subscription service.

Mon, 18 Nov 2019 10:26:23 GMT

Microsoft updates privacy provisions

Microsoft stated that it was updating the privacy terms of commercial cloud contracts. following European regulators' findings of deals with EU institutions failing to protect data in line with the law.

Mon, 18 Nov 2019 08:55:55 GMT

Chemezov says Russia's military sales not affected by sanctions

On Monday, Rostec's CEO Sergei Chemezov said that the Russian military sales have not been affected by sanctions imposed on the country by the United States.

Mon, 18 Nov 2019 07:55:59 GMT

Oil prices remain stable

On Monday, crude oil prices remained stable. Brent crude futures were at $63.30 a barrel at 05:12 GMT, unchanged from the previous trading session. The WTI crude futures were also unchanged at $57.72.

Mon, 18 Nov 2019 07:05:14 GMT

Khamenei supports gasoline price increase

Iran's Supreme Leader Ayatollah Ali Khamenei has supported the decision to increase gasoline price, a move that has sparked protests across the country.

Mon, 18 Nov 2019 06:08:48 GMT

Saudi Aramco does not plan to market IPO in US

According to sources with knowledge of the matter, Saudi Aramco would not market its Initial Public Offering in the United States.

Mon, 18 Nov 2019 04:54:30 GMT

Ethiopian Airlines undecided on Boeing MAX jets

Tewolde Gebremariam, Ethiopian Airline's CEO, stated on Sunday that the company has yet to decide on whether it would take delivery of its remaining order of Boeing 737 MAX jets.

Mon, 18 Nov 2019 03:51:32 GMT

Le Maire prefers car sector professional as Renault's next CEO

Bruno Le Maire, France's Finance Minister, stated on Sunday that he preferred a professional from the automobile industry to be the next CEO of Renault.

Mon, 18 Nov 2019 03:00:24 GMT

Saudi Aramco values at $1.7 trillion

Saudi Arabia's Aramco, the state-owned energy company, is worth about $1.7 trillion, falling short of the initial $2 trillion, targeted by the Saudi Arabian Crown Prince Mohammed bin Salman.

Sun, 17 Nov 2019 21:36:51 GMT

China to deepen audit cooperation with EU

China and the European Union plan to strengthen audit cooperation to promote cooperation under the Belt and Road Initiative, the Chinese Ministry of Finance reports.

Sun, 17 Nov 2019 20:02:16 GMT

Myanmar approves new investment projects

Myanmar has approved 8 new foreign investment projects with a total value of $232.21M, a report published by the Myanmar Investment Commission shows.

Sun, 17 Nov 2019 19:33:05 GMT

China home appliance sector grows

The Chinese home appliance sector expanded 5.9% to $13.4B in the first nine months of 2019, a report published by the Ministry of Industry and Information Technology shows.

Sun, 17 Nov 2019 18:00:15 GMT

China postal sector expands

The Chinese postal sector expanded 31.1% to $21.02B in October, compared to the same period the previous year, the State Post Bureau reports.

Sun, 17 Nov 2019 16:56:36 GMT

China power generation slows

The Chinese power generation increased 4% to 571.4B kWh in October, a decline from 4.7% growth in September, the National Bureau of Statistics reports.

Sun, 17 Nov 2019 16:01:38 GMT

China container export drops

The China Containerized Freight Index declined 4.6% in October, compared to the prior month, a report published by the Shanghai Shipping Exchange shows.

Sun, 17 Nov 2019 15:00:55 GMT

China paper industry expands

The Chinese paper-making industry expanded 2.5% in the first three quarters of the current year, compared to the same period the prior year, official data show.

Sun, 17 Nov 2019 14:28:09 GMT

China issues $443B of debt

The Chinese central bank and local municipalities have issued around $443B of debt in October, a report published by the central bank shows.

Sun, 17 Nov 2019 12:51:02 GMT

China transportation sector expands

The Chinese transportation sector expanded 4% in October, compared to the same period the previous year, the China Academy of Transportation Sciences reports.

Sun, 17 Nov 2019 12:03:52 GMT

China natural gas output declines

Natural gas output in China showed a slower growth pace in October, compared to the prior month, data published by the National Bureau of Statistics (NBS) show.

Sun, 17 Nov 2019 10:57:30 GMT

China approves projects worth $6.3B

China's top economic decision maker has approved eight fixed-asset investment projects with a total value of around $6.3B in October, a report published by the National Development and Reform Commission shows.

Sun, 17 Nov 2019 09:44:16 GMT

China's battery makers reveal soaring profits

Profits of China's main battery firms jumped 49.4% year-on-year to about $3.5B over the nine-month period, official data revealed.

Sun, 17 Nov 2019 09:23:01 GMT

Saudi Aramco gets new evaluation

On Sunday, Reuters revealed that the latest evaluations of Saudi Aramco have set the company's value at $1.7 trillion.

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