News

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Tue, 15 Jan 2019 05:34:07 GMT

Bank of China offers loan to Sri Lanka

On Tuesday, it was revealed by Reuters that the Bank of China has offered to Sri Lanka a loan of almost $300 million. Moreover, the country has been offered the option to raise up to one billion USD.

Tue, 15 Jan 2019 04:29:13 GMT

Egypt eyes 9% inflation by 2020 end

The Central Bank of Egypt stated that it targeted an inflation rate of 9% percent by the fourth quarter of 2020, seeking more price stability in the midterm.

Tue, 15 Jan 2019 04:29:06 GMT

China's FinMin to increase fiscal expenditure in 2019

The Chinese Finance Ministry stated that it is likely to increase fiscal expenditure in 2019 and implement fee cuts, larger tax.

Tue, 15 Jan 2019 03:08:52 GMT

Britain's car insurance premiums drop 6% in 2018

The cost of comprehensive vehicle insurance policy declined 6% in the UK in 2018, suggesting that potential trade barriers due to Brexit would hurt prices this year.

Tue, 15 Jan 2019 03:03:54 GMT

Mexican economy to be hit by fuel crunch this month

Mexico's economy is expected to contract in January amid activity slowdown caused by shortages of fuel, the Central Bank's nominee stated.

Mon, 14 Jan 2019 20:43:09 GMT

Vietnam footwear exports rise 11% in 2018

Exports of Vietnam made footwear increased to $16.3B in 2018, an increase of 11% compared to the previous year, the Vietnam Leather, Footwear and Handbag Association reports.

Mon, 14 Jan 2019 20:41:43 GMT

China remains largest supplier of Philippines imports

China's share of total Philippines' imports reached 18.7% or $15.04B in November 2018, the Philippine Statistics Authority reports.

Mon, 14 Jan 2019 20:39:39 GMT

China welcomes investment in auto industry

China welcomes foreign investment in its automobile market as consumers look for quality-oriented purchases, the Spokesperson of the Ministry of Commerce says.

Mon, 14 Jan 2019 20:39:10 GMT

Russia oil, gas output at record highs in 2018

Russia produced 556M tons of crude oil and 725B cubic meters of natural gas in 2018, the Energy Minister Alexander Novak reports.

Mon, 14 Jan 2019 19:03:03 GMT

Cambodia ports profits surge in 2018

Cambodia's state-owned ports Sihanoukville Autonomous Port and Phnom Penh Autonomous Port earned $8.97M and $7.35M respectively in 2018, a significant increase in earnings compared to 2017.

Mon, 14 Jan 2019 19:02:30 GMT

Brunei CPI rises 0.2% in November

Brunei's Consumer Price Index increased by 0.2% compared to the same period the prior year, the Department of Economic Planning and Development reports.

Mon, 14 Jan 2019 18:30:26 GMT

Cambodia rice export drops in 2018

Cambodia exported 626,225 tons of rice in 2018, a decline of 1.5% compared to the previous year, the Secretariat of One Window Service for Rice Export reports.

Mon, 14 Jan 2019 18:29:43 GMT

Inflation in Russia rises to 4.3% in 2018

Inflation in Russia increased to 4.3% in 2018 from a record low of 2.5% in 2017, the National Statistical Office Rosstat says.

Mon, 14 Jan 2019 17:07:29 GMT

Volkswagen to invest $800M, build new Ev in US

Volkswagen announced plans to invest $800M to build a new EV at the company's plant in Chattanooga, as the company shifted toward zero emission cars.

Mon, 14 Jan 2019 17:07:21 GMT

EZ industry output falls in November

The EZ industrial output fell 1.7% month-over-month in November, the biggest fall in almost three years, data revealed on Monday, stoking concerns over the bloc's economic growth in the Q4 of 2018.

Mon, 14 Jan 2019 16:17:21 GMT

Singaporean container throughput increases 8.7% last year

Singapore's container throughput rose 8.7% percent to 36.6M TEUs in 2018, the press release from the MPA of Singapore showed.

Mon, 14 Jan 2019 16:13:31 GMT

Chinese auto sales fall last year

China sold 28.08M autos in 2018, down 2.76% year-over-year, remaining the biggest auto market in the world, data from the CAAM revealed.

Mon, 14 Jan 2019 14:43:52 GMT

Chinese trade is higher than thought

On Monday, the Chinese officials released the country's Trade Balance. Instead of the expected 345 billion surplus forecast by the market, the country had a trade surplus of 395 billion during the last month.

Mon, 14 Jan 2019 14:43:45 GMT

PG&E prepares bankruptcy

The biggest power utility corporation of the United States PG&E announced that the company is preparing the necessary documentation to file for bankruptcy. The bankruptcy was caused by the wildfires of 2017 and 2018.

Mon, 14 Jan 2019 13:46:01 GMT

Theresa May issues warning prior to Brexit vote

On Monday, as the vote on the UK PM May's Brexit deal with the EU, the Prime Minister warned that Britain will be in peril, if the lawmakers do not approve the deal.

Mon, 14 Jan 2019 13:45:52 GMT

Citigroup increases profit by 14%

Citigroup Incorporate announced on Monday that the financial group has increased its quarterly profits by fourteen percent. The increase has been mainly gained by decreasing expenses.

Mon, 14 Jan 2019 12:43:13 GMT

Protests erupt due to fuel prices in Zimbabwe

Protestors have barricaded roads and are burning tires in the capital of Zimbabwe. The protests erupted due to a large fuel price increase.

Mon, 14 Jan 2019 12:43:07 GMT

Newmont will buy Goldcorp

On Monday, Newmont Mining Corporation announced that it will buy its rival Goldcorp Incorporate for $10 billion US Dollars.

Mon, 14 Jan 2019 11:44:38 GMT

ACWA will provide Saudi Arabia with solar panels

ACWA Power is preparing to expand its manufacturing of solar panels and supply Saudi Arabia, which plans to invest in total $200 billion in solar power.

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