News

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Thu, 30 Aug 2018 02:32:11 GMT

UK car output falls 11% in July

Britain's car production dropped 11% year-over-year in July, hit by model seasonal adjustments, model changed and preparations for tougher emissions standards, an industry body stated.

Thu, 30 Aug 2018 02:28:14 GMT

Hyundai to ship cars made in China to Southeast Asia

Hyundai Motor announced plans to ship China-made vehicles to Southeast Asia, as a drop in China's sales left much of manufacturing capacity idled.

Wed, 29 Aug 2018 20:34:56 GMT

Insee: French economy expands 0.2%

The French economy expanded 0.2% in the second quarter of 2018, the same pace as in the first quarter, France's statistics institute Insee reports.

Wed, 29 Aug 2018 20:34:04 GMT

Dubai Airport reports busy month in July

The Dubai International Airport handled 8.2M passengers at the airport in July, its second busiest month in history, the state news agency WAM reports.

Wed, 29 Aug 2018 19:30:56 GMT

ASEAN ministers sign agreements to promote trade

Economic ministers from the Association of Southeast Asian Nations signed two accords in Singapore on Wednesday, which are expected to facilitate trading.

Wed, 29 Aug 2018 19:29:46 GMT

British PM visits Nigeria

The British PM Theresa May arrived in Nigeria on Wednesday, a first visit to Africa as British PM, seeking closer relations on trade and security with the country.

Wed, 29 Aug 2018 18:12:05 GMT

Albania's public debt decreases $109M in 6 months

The Albanian public debt declined by $109M in the first six months of 2018, the Albanian Ministry of Finance and Economy reports.

Wed, 29 Aug 2018 18:11:26 GMT

Russian FM: Russia, Turkey consider anti-terrorist operation in Syria

Russia and Turkey are reviewing an anti-terrorism operation in the Syrian province of Idlib close to the border with Turkey, the Russian Foreign Minister Sergei Lavrov says.

Wed, 29 Aug 2018 17:24:40 GMT

Indian PM to attend BIMSTEC summit

The Indian Prime Minister Narendra Modi plans to attend the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit in Nepal.

Wed, 29 Aug 2018 17:23:58 GMT

US economic growth revised to 4.2% in Q2

The US economic growth has been revised to an annual rate of 4.2% in the second quarter of 2018, a small increase from the previous estimate of 4.1%, the US Commerce Department reports.

Wed, 29 Aug 2018 16:20:48 GMT

Gazprom's Q2 profit soars on higher sales, energy prices

Russia's gas giant Gazprom reported a sharp rise in second-quarter net profit, beating analysts' forecasts, as the company benefited from higher energy prices.

Wed, 29 Aug 2018 16:15:33 GMT

Czech government accepts to 8% wage increase for state workers

The ruling coalition Czech Republic agreed an 8% wage rise on average for the country's workers for next year, Andrej Babis, the Prime Minister, stated.

Wed, 29 Aug 2018 15:11:27 GMT

BYD reports 72.2% fall in H1 profit

China's BYD Co, backed by the US investor Warren Buffett, reports a 72.2% fall in profit in the first half of the year, after Beijing reined in subsidies.

Wed, 29 Aug 2018 15:06:37 GMT

UBS to sell SmartWealth platform to startup

UBS was closing SmartWealth, the digital platform for wealth management, and selling the intellectual property rights to startup SigFig, the Bank's executives stated.

Wed, 29 Aug 2018 13:52:38 GMT

Putin dilutes pension reforms

The President of Russian Federation has diluted the draft legislation of the pension reform of the country, which caused a fall in his popularity.

Wed, 29 Aug 2018 13:23:25 GMT

Chinese regulator will push on with deleveraging

The Chinese banking regulators on Wednesday announced that they will push on with deleveraging and fending off proactively external risks.

Wed, 29 Aug 2018 13:13:17 GMT

US second quarter GDP gets revised

The already high GDP growth of the US seen in the second quarter of 2018 has been revised upwards. Namely, the GDP increase has been adjusted from 4.0% to 4.2%.

Wed, 29 Aug 2018 13:12:27 GMT

Rouble dips and ignores Putin's reform

Although the President of the Russian Federation pushed through his pension reform, the Russian Rouble continued to decline on Wednesday.

Wed, 29 Aug 2018 11:58:19 GMT

Investors increase pressure on Campbell Soup

The family that owns majority stake of Campbell Soup Company is set to collide with other investors, which are pressuring the company to be sold.

Wed, 29 Aug 2018 11:56:04 GMT

Stocks slightly decline on Wednesday

Global stock prices slightly declined on Wednesday due to the unclear position of Canadian authorities on the new NAFTA developments.

Wed, 29 Aug 2018 11:11:34 GMT

Chinese Geely builds new car factory

Chinese car manufacturing giant Geely builds a new car plant in the city of Ningbo on the South-East of China to produce 250000 vehicles per year as a part of company's strategy to sell more than 2 million cars by 2020. 

Wed, 29 Aug 2018 11:04:51 GMT

Aston Martin considers IPO on LSE

British luxury car manufacturer Aston Martin is planning to go public on the London Stock Exchange, becoming the first British car manufacturer to be listed on LSE for years.

Wed, 29 Aug 2018 10:22:23 GMT

Carlsberg to expand its largest European brewery

On Wednesday, a global brewing company Carlsberg claimed that it is planning to expand the capacity of its largest Kronenbourg brewery in France with $117M investments.

Wed, 29 Aug 2018 10:13:31 GMT

Grab to invest $250M in startups in Indonesia

On Wednesday, Singapore-based ridesharing company Grab claimed that it is planning to invest $250M in startups in Indonesia as a part of the company's plans to cement its position on Indonesian market.

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