News

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Mon, 01 Jul 2019 04:34:12 GMT

Yen declines on Monday

During Monday's Asian trading session, the Japanese Yen declined in value against the USD, as risk appetite increased with the start of a new week.

Mon, 01 Jul 2019 02:50:16 GMT

Ireland's factory activity declines in June

Irish factory activity contracted for the first time since 2013 in June, with AIB report showing manufacturing PMI slipping to 49.8 in June from 50.4 in the prior month, as an uncertainty over Brexit and slowdown in global trade caught up with economy.

Mon, 01 Jul 2019 02:33:09 GMT

China's factory activity shrinks expectedly

The Caixin/Markit Manufacturing PMI was reported at 49.4 in June, the worst figure since January and below economists' expectations, suggesting a decline in factory activity, as export and domestic demand faltered amid the Sino-US trade war.

Sun, 30 Jun 2019 19:50:42 GMT

DP World to buy Topaz Energy

DP World was in negotiations to acquire oil services firm Topaz Energy and Marine in a $1.3B worth deal, the port operator stated on Sunday.

Sun, 30 Jun 2019 19:07:11 GMT

Jaguar to build EV at British factory

The UK biggest vehicle maker Jaguar Land Rover is anticipated to announce its plans next week to build electric vehicles at the company's English Castle Bromwich plant, the Sunday Times reported.

Sun, 30 Jun 2019 18:19:16 GMT

Oil output cuts weigh on Saudis' growth in Q1

Saudi Arabian economic expansion more than halved quarter-on-quarter to 1.66% in the first quarter of 2019, in line with forecasts of only modest increase, as oil production cuts affect the world's top crude exporter's economy.

Sun, 30 Jun 2019 17:16:34 GMT

France expects deficit to reach 2.1%

France anticipated the country's public sector deficit to be at 2.1% of the output in 2020, up from the forecast of 2.0% prior to tax cuts pledged in response to protest movements, a government budget projection revealed on Sunday.

Sun, 30 Jun 2019 13:42:32 GMT

China factory activity shrinks in June

China's factory activity contracted in June, compared to the same month the previous year, as US trade tariffs put pressure on the world's second largest economy, the official Purchasing Managers' Index shows.

Sun, 30 Jun 2019 13:00:12 GMT

Trump to meet Kim on DMZ

The US President Donald Trump and the North Korean leader Kim Jong Un plan to meet at the Demilitarised Zone between South and North Koreas on Sunday, the South Korean President Moon Jae-in says.

Sun, 30 Jun 2019 11:04:01 GMT

Trump: defence treaty with Japan unfair

A decades-old defence treaty between the US and Japan must be changed as it is unfair, the US President Donald Trump says at a meeting with the Japanese Prime Minister Shinzo Abe.

Sun, 30 Jun 2019 10:11:54 GMT

Putin: Russia wants better relations with US

Russia wants to improve relations with the US after years of conflicts over Ukraine and suggestions of Russian interference in the US elections, the Russian President Vladimir Putin says.

Sun, 30 Jun 2019 09:09:50 GMT

Saudi Arabia's economy expands 1.66% in Q1

The Saudi Arabian economic growth rose 1.66% in the Q1 in accordance with expectations for a minor pick-up due to oil production cutting weigh on the top crude exporter.

Sun, 30 Jun 2019 08:38:47 GMT

Japan to toughen rules on high-tech material export to S. Korea

Japan is planning to severe restrictions on export of the high-tech materials used in chips and smartphones to South Korea, starting from July 4 amid a dispute regarding South Korea's ruling on the war-time forced labour.

Sun, 30 Jun 2019 07:09:07 GMT

Deutsche Bank to decide on layoffs

Deutsche Bank's supervisory board plans to meet in the beginning of July to discuss a restructuring that may result in major layoffs, people familiar with the matter say.

Sun, 30 Jun 2019 06:31:22 GMT

Mexico wants closer ties with China

Mexico aims to strengthen economic relations with China and wants more investment from the second largest economy, the Mexican Foreign Minister Marcelo Ebrard says.

Sun, 30 Jun 2019 05:27:10 GMT

Erdogan: US not to impose sanctions over S-400 missile deal

The US does not plan to impose sanctions on Turkey for purchasing Russian S-400 ballistic missile defence systems, the Turkish President Tayyip Erdogan says after a meeting with the US President Donald Trump.

Sun, 30 Jun 2019 04:25:25 GMT

Russia and Saudi Arabia to extend OPEC agreement

Russia and Saudi Arabia have agreed to extend an agreement with OPEC to reduce oil output as oil prices remain under pressure from a slowing global economy, the Russian President Vladimir Putin says.

Sat, 29 Jun 2019 19:59:54 GMT

Canada economy expands

The Canadian economy expanded 0.3% in April, compared to the same period the previous year, on strong performance in gas and oil sectors, the Statistics Canada reports.

Sat, 29 Jun 2019 19:16:05 GMT

Venezuela condemns new US sanctions

Venezuela strongly condemns new sanctions imposed by the US against the former Electricity Minister Luis Motta Dominguez and the country's Deputy Minister of Finance Eustiquio Jose Lugo Gomeza.

Sat, 29 Jun 2019 17:59:34 GMT

Xi: China, US should not confront each other

China and the US have similar interests and extensive cooperation in various areas and should not confront each other, the Chinese President Xi Jinping says at the G20 summit.

Sat, 29 Jun 2019 17:36:31 GMT

Trump: US not hostile towards China

The US is not hostile towards China and the two countries should have better relations, the US President Donald Trump says on the sidelines of G20 summit.

Sat, 29 Jun 2019 17:33:58 GMT

British GDP expands in Q1

The British economy expanded by 1.8% in the first quarter of 2019, compared to the same period the previous year, a data released by the Office for National Statistics shows.

Sat, 29 Jun 2019 15:52:39 GMT

Russia, Saudi agree to extend OPEC deal

Russia and Saudi Arabia have agreed to extend their OPEC deal on reducing the output of oil by six-nine months more due to oil prices coming under resumed pressure from increasing US supplies and global economy slowdown.

Sat, 29 Jun 2019 15:37:14 GMT

Canada expresses concern over Mexico gas pipeline row

Canada has raised its concern over the Mexico gas pipeline dispute, which resulted in diplomatic tensions with the country during the G20 summit in Japan; however, the issue is expected to be resolved in near time, the Mexican Finance Minister stated on Saturday.

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