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Sat, 05 Jan 2019 15:48:43 GMT

Bristol-Myers, Celgene set $2.2B termination fee for big deal

Bristol-Myers and Celgene are expected to pay $2.2B, if either of the companies walks away from their $74B merger, according to a regulatory filing.

Sat, 05 Jan 2019 15:37:28 GMT

Forex, gold reserves of Belarus total $7.16B

Gold and foreign currency reserves of Belarus amounted to $7.16B as of January 1, falling over the past year 2.2%, the country's Central Bank stated.

Sat, 05 Jan 2019 15:34:22 GMT

Hungary to raise pensions 2.7% this year

Hungary is set to increase pensions 2.7%, with higher sums starting to arrive on pensioners' bank accounts on January 11, the parliamentary state secretary stated.

Sat, 05 Jan 2019 14:13:21 GMT

British shops' sales fall for sixth year in succession

The UK shops suffered a decline in sales for the sixth straight year in December, a survey revealed, affected by the shift to online-buying and brittle consumer confidence.

Sat, 05 Jan 2019 14:05:58 GMT

China's CSRC imposes record fines last year

China's securities watchdog, the CSRC, imposed a record amount of fines totalling $1.55B in 2018 to prevent financial risks and punish market irregularities.

Sat, 05 Jan 2019 13:06:04 GMT

Chinese population to peak at 1.44B in 2029

China's population is expected to reach its peak of 1.44B in ten years and start a prolonged period of decline in 2030, the report showed.

Sat, 05 Jan 2019 13:02:36 GMT

US service sector growth weakens in December

The US service sector revealed solid expansion in business activity in last year's December 2018, though experienced the weakest growth for in three months, the IHS Markit stated.

Sat, 05 Jan 2019 12:30:48 GMT

Canada's unemployment rate at 5.6% in December

The Canadian jobless rate stood at 5.6% in the month of December with an increase of 9.3K net new positions, Statistics Canada reported.

Sat, 05 Jan 2019 12:28:02 GMT

Huawei, Samsung supply main part of own modem chips

The two biggest smartphone makers supply the majority of the firms' own modem chips to help devices connect to wireless networks, Qualcomm stated.

Sat, 05 Jan 2019 11:36:25 GMT

China's house price increases no longer certain

The growth tendency in property prices in China was no more a certainty as state housing values' controls come into effect, the report stated.

Sat, 05 Jan 2019 11:31:06 GMT

Ford recalls 953K vehicles for inflator risk

The US automaker Ford announced the decision to recall nearly 953K vehicles worldwide, as some Takata air bag inflators could explode.

Sat, 05 Jan 2019 10:24:48 GMT

German jobless rate at record low in 2018

Germany's unemployment rate dropped to its record low in 2018, while the number of jobless people declined more than anticipated, the BA report showed.

Sat, 05 Jan 2019 09:07:06 GMT

Keiko Fujimori to remain in prison

On Saturday, the Second Criminal Appeals Chamber of Peru rejected a release appeal submitted by the country's Popular Force party leader Keiko Fujimori.

Sat, 05 Jan 2019 09:03:22 GMT

Bolsonaro questions Embraer-Boeing deal

The President of Brazil Jair Bolsonaro on Saturday questioned the prospects of merger between American Boeing and domestic plane producer Embraer.

Sat, 05 Jan 2019 08:34:16 GMT

Taiwan urged to defend democracy

The President of Taiwan Tsai Ing-wen on Saturday called international community to help defending the country's democracy amid increasing threat from China.

Sat, 05 Jan 2019 08:30:21 GMT

Iran finds alternative oil buyers

A senior Iranian energy official stated on Saturday that the government managed to find new oil purchasers despite American sanctions.

Fri, 04 Jan 2019 21:18:51 GMT

FDI in Mongolia rises rapidly

Foreign investors contributed $1.5B to the Mongolian economy in the first 11 months of 2018, an increase of 25.6% from 2017, the Finance Ministry says.

Fri, 04 Jan 2019 21:18:09 GMT

Iraq confirms compliance with OPEC agreement

Iraq is fully committed to the OPEC production cutoff agreement which is enforced from the beginning of 2019, the Iraqi Oil Minister Thamir al-Ghadhban says.

Fri, 04 Jan 2019 20:13:12 GMT

Sri Lanka wants $3B of FDI in 2019

Sri Lanka plans to attract $3B of foreign direct investment in 2019, the Development Strategies and International Trade Minister Malik Samarawickrama says.

Fri, 04 Jan 2019 20:12:33 GMT

Mexico suspends construction of airport in Texcoco

The Mexican government suspended the construction work of new major airport in Texcoco worth $13.3B, the Transport Minister Javier Jimenez Espriu says.

Fri, 04 Jan 2019 19:36:35 GMT

Number of tourists in Kenya rises in 2018

The number of tourists who visited Kenya increased 7.5% in the first nine months of 2018, compared to the same period the previous year, the Kenya Tourism Board reports.

Fri, 04 Jan 2019 19:35:59 GMT

UK services PMI points at sluggish economy

The IHS Markit/CIPS purchasing managers' index increased slightly to 51.2 in December from a 28-month low of 50.4 in November, a report shows.

Fri, 04 Jan 2019 18:08:21 GMT

Putin, Netanyahu agree on better coordination in Syria

The Russian President Vladimir Putin and the Israeli Prime Minister Benjamin Netanyahu agreed to improve coordination in Syria, the Kremlin reports.

Fri, 04 Jan 2019 18:07:39 GMT

Tunisia, France sign $136M cooperation deal

Tunisia and France signed a $136M bilateral cooperation deal on electricity distribution, the Director of French Agency for Development in Tunisia Gilles Chausse says.

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