News

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Sat, 26 Jan 2019 14:35:28 GMT

China BYD raises $147M in debt

The Chinese leading electric vehicle maker BYD raised $147M in debt to finance further business expansion, including a construction of a lithium battery plant.

Sat, 26 Jan 2019 14:34:20 GMT

Algeria, Russia to enhance economic ties

Algeria and Russia agreed to further improve bilateral cooperation during a visit of the Russian Foreign Minister Sergei Lavrov to the North African country.

Sat, 26 Jan 2019 13:29:04 GMT

Spain joins France and Germany on Venezuela issue

The Prime Minister of Spain Pedro Sanchez announced on Saturday that if Nicolas Maduro refused to declare snap elections in eight day, his government would recognize Juan Guaido as the new President of Venezuela.

Sat, 26 Jan 2019 13:24:42 GMT

France ready to recognize Guaido

The President of France Emmanuel Macron stated on Saturday that his government would support Juan Guaido as new Venezuelan leader if Maduro refused to announce snap elections.

Sat, 26 Jan 2019 12:32:37 GMT

BAE Systems calls Britain to be "critical friend" of Saudi Arabia

The BAE Systems Chairman Roger Carr stated on Saturday that the United Kingdom must be "critical friend" for its Middle East ally to help it to overcome reputation crisis caused by the Khashoggi case and war in Yemen.

Sat, 26 Jan 2019 12:24:00 GMT

Germany likely to recognize Guaido

The German government stated on Saturday it was ready to officially acknowledge Juan Guaido as Venezuelan acting President if Maduro refused to call early elections.

Sat, 26 Jan 2019 11:21:41 GMT

Roger Stone comes under arrest

On Friday, one of Donald Trump's allies Roger Stone was arrested for providing false information to the US Congress about 2016 presidential elections.

Sat, 26 Jan 2019 11:16:26 GMT

Malaysia to evaluate audit firms' behaviour in 1MDB case

On Saturday, the Malaysian Securities Commission launched a probe into conduct of audit companies in the 1MDB case.

Sat, 26 Jan 2019 10:23:37 GMT

Nigeria's PDP pauses election campaign

Nigeria's largest opposition party People's Democratic Party (PDP) on Saturday decided to pause presidential campaign as a protest against suspension of the country's Chief Justice Walter Onnoghen.

Sat, 26 Jan 2019 10:19:00 GMT

Brexit likely to be postponed by couple of weeks

The head of British House of Commons Andrea Leadsom stated on Saturday Brexit might be postponed by a few weeks in order to give legislators time to approve relevant draft law.

Sat, 26 Jan 2019 08:52:48 GMT

Le Drian says France is ready to impose new sanctions on Iran if missile talks fail

The French Foreign Minister Jean-Yves Le Drian said on Friday that France is ready to impose new sanctions on Iran if talks over its ballistic missile program fail.

Sat, 26 Jan 2019 08:52:23 GMT

China appoints Huiman to head Securities Regulatory Commission

On Saturday, the Chinese state news agency Xinhua reported that China has appointed the Chairman of ICBC Yi Huiman, as the head of Securities Regulatory Commission.

Sat, 26 Jan 2019 07:52:57 GMT

Mastercard plans to apply for China license

On Friday, US payment company Mastercard Inc announced that it plans to apply for China's bankcard clearing license.

Sat, 26 Jan 2019 07:50:28 GMT

Keqiang confident of keeping China 2019 growth in "appropriate range"

The Chinese Premier Li Keqiang said on Friday that China is confident of keeping its 2019 economic growth rate within an appropriate range.

Sat, 26 Jan 2019 07:01:15 GMT

United Steelworkers union says Shell is delaying contract talks

The United Steelworkers union said on Friday that Shell Oil is dragging feet on major issues in refinery contract negotiations.

Sat, 26 Jan 2019 06:54:16 GMT

US increases pressure on Venezuela's Maduro

On Friday, the United States said that it was ready to increase economic pressure on Venezuela to try to push the Venezuelan President Nicolas Maduro from power.

Sat, 26 Jan 2019 06:11:08 GMT

Malaysia cancels $20b China-backed railway project

On Saturday, Malaysia's Economic Minister Mohamed Azmin Ali said that the country would cancel its $20 billion railway project with China Communications Construction company.

Sat, 26 Jan 2019 06:08:57 GMT

US asks UN Security Council to support Venezuela's Guaido

The United States is asking the United Nations Security Council to fully support Venezuela's National Assembly as the only democratically elected institution in Venezuela.

Sat, 26 Jan 2019 05:27:30 GMT

Wall Street indexes surge after Trump agrees to end government shutdown

US stocks and bond yields rallied on Friday after the US President Donald Trump agreed to end the partial government shutdown.

Sat, 26 Jan 2019 05:25:28 GMT

Trump concedes to end partial shutdown without wall funding

The US President Donald Trump conceded on Friday under mounting pressure to temporarily end the partial government shutdown without border wall funding.

Fri, 25 Jan 2019 20:48:50 GMT

Starbucks reports better than expected revenue growth in Q1

The US top coffee chain operator Starbucks Corporation reported a better than expected net revenue growth of 9% to $6.63B for the first fiscal quarter.

Fri, 25 Jan 2019 20:46:52 GMT

Sri Lanka gets WB loan to improve health care

Sri Lanka has signed a $200M agreement with the World Bank to increase the use and quality of health care services, a statement from the World Bank shows.

Fri, 25 Jan 2019 20:39:09 GMT

Online retail sales in Zhejiang reach $246.08B

Online retail sales in the province of Zhejiang reached $246.08B in 2018, an increase of 25.4% from the previous year, the Zhejiang Commerce Department reports.

Fri, 25 Jan 2019 20:37:51 GMT

Chinese company buys majority stake in Peru port

The Chinese company COSCO Shipping Ports has reached an agreement with the Peruvian polymetallic miner Volcan to purchase 60% of its stake in a terminal project for $225M, the China Daily reports.

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