News

Note: This section contains information in English only.
Sun, 10 Nov 2019 20:24:41 GMT

Socialists lead in Spanish elections

According to an opinion poll conducted by GAD3, the Socialists are currently leading Spanish elections, though clear winner is still not determined.

Sun, 10 Nov 2019 19:27:14 GMT

GAC to boost technological innovation

The Chinese car maker Guangzhou Automobile Group (GAC) stated on Saturday that it would allocate more resources into technological innovation and R&D.

Sun, 10 Nov 2019 18:26:47 GMT

Germany's Altmaier calls for fundamental reforms

Peter Altmaier, the German Minister for Economic Affairs and Energy, stated on Saturday that the country's political system required fundamental reforms.

Sun, 10 Nov 2019 17:15:58 GMT

Austria s Greens to start coalition talks

The head of the Austrian Green Party Werner Kogler stated on Sunday that the party was willing to start negotiations about the creation of a coalition with the ruling conservative party.

Sun, 10 Nov 2019 12:40:01 GMT

UAE calls Iran to talks

On Sunday, an offcial of the United Arab Emirates stated that Iran should negotiate with Gulf countries and world powers to deescalate tensions and revive its economy.

Sun, 10 Nov 2019 11:45:42 GMT

Romanian President expected to remain in power

On Sunday, Romanian voters went to the polls to vote in the country's presidential election. The incumbent Klaus Iohannis was expected to win.

Sun, 10 Nov 2019 11:31:46 GMT

Conservatives comment on Labour plans

On Sunday, the party of the Prime Minister of the United Kingdom Boris Johnson stated that Labour Party would spend additional 1.2 trillion pounds, if it wins the election.

Sun, 10 Nov 2019 09:40:19 GMT

Alibaba eyes record Single's day

On Monday, Alibaba Group would start its annual Single's Day sales, which are expected to reach a record sales volume.

Sun, 10 Nov 2019 08:40:28 GMT

Goldman faces investigation

On Sunday, Reuters revealed that Goldman Sachs is bound to face an investigation of its Apple Card algorithm.

Sun, 10 Nov 2019 08:33:26 GMT

Saudi Aramco reveals IPO details

On Sunday, it was revealed that Saudi Aramco would offer 0.5% of shares to retail investors. After the sale, a lock up of selling shares would be enacted.

Sun, 10 Nov 2019 06:49:25 GMT

Saudi Aramco expects to sell up to 0.5% of oil firm

According to sources with knowledge of the matter, Saudi Aramco is planning to sell about 0.5% of the state oil firm to retail investors in IPO.

Sun, 10 Nov 2019 05:50:25 GMT

AXA expects to land $3.1B profit

France's AXA, the second-largest European insurer, said on Saturday that it expected to land about $3.1 billion proceeds from the sale of 29% stake of AXA Equitable Holdings.

Sun, 10 Nov 2019 04:56:03 GMT

India's court awards disputed site to Hindus

On Saturday, the Indian Supreme Court awarded the disputed religious land to Hindus in a landmark ruling.

Sun, 10 Nov 2019 03:48:49 GMT

China's producer prices decline in October

On Saturday, the Chinese National Bureau of Statistics data showed that China's factory prices fell by 1.6% in October.

Sun, 10 Nov 2019 03:25:57 GMT

France's EDF gives estimate for six new nuclear reactors

According to the Le Monde newspaper report, France's EDF energy company said that it would cost about $51 billion to construct six new nuclear reactors.

Sat, 09 Nov 2019 20:40:29 GMT

AXA expects $3.1 billion gain

The French insurer AXA announced on Saturday that it expects to book $3.1 billion from the sale of 29% stake of AXA Equitable Holdings.

Sat, 09 Nov 2019 20:05:43 GMT

France evaluates new nuclear reactors

The French power utility company EDF has calculated that it would cost the government $51 billion to construct new six nuclear reactors.

Sat, 09 Nov 2019 18:40:20 GMT

Former Finance Minister comments on trade war

On Saturday, the former Finance Minister of China Lou Jiwei stated that the US-China trade war could ease, but conflicts between the countries would continue.

Sat, 09 Nov 2019 17:46:19 GMT

Alibaba faces HK Stock Exchange committee

On Saturday, Bloomberg reported that on November 14 representatives of Alibaba are expected to face a committee at the Hong Kong Stock Exchange, which would decide upon a listing of the company's stock.

Sat, 09 Nov 2019 16:40:10 GMT

Alibaba hires banks for HK listing

Reuters revealed on Saturday that Alibaba has appointed JP Morgan, Morgan Stanley and Citigroup to work on a Hong Kong stock listing.

Sat, 09 Nov 2019 15:42:18 GMT

EU states push for joint AML

On Saturday, European Union officials revealed that the largest states of the union are pushing to create a common anti money laundering institution that would take oversight from member states.

Sat, 09 Nov 2019 14:44:00 GMT

John Williams comments on rate cuts

The President of the New York Federal Reserve John Williams announced on Friday that the recent US interest rate cuts were made to address the US-China trade war.

Sat, 09 Nov 2019 13:40:04 GMT

Chinese factory prices decline

On Saturday, Chinese producer price data revealed that factory prices in October in China declined by the most in a third year period.

Sat, 09 Nov 2019 12:42:30 GMT

John Williams comments on US economy

The President of the New York Federal Reserve John Williams stated on Friday that the US economy was doing well and the US monetary policy was well positioned.

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