News

Note: This section contains information in English only.
Tue, 28 Aug 2018 04:42:27 GMT

Dollar remains steady after NAFTA agreement announcement

On Tuesday, the US Dollar continued to trade steady, indicating that the markets took the news of a NAFTA agreement between Mexico and US neutrally.

Tue, 28 Aug 2018 04:25:15 GMT

US and Mexico reach NAFTA deal

The representatives of Mexico and the United States late on Monday managed to reach an agreement on the upcoming NAFTA overhaul.

Tue, 28 Aug 2018 04:23:37 GMT

China increases Yuan mid-point

On Tuesday, the central bank of China raised the daily guidance rate of the Chinese Yuan to the highest level in 15 months.

Tue, 28 Aug 2018 02:33:21 GMT

GlobalFoundries stops development of semiconductor technology

GlobalFoundries, the world's second biggest contract chipmaker, stated that it is set to stop development of the next-generation semiconductor technology and would focus on improving existing techniques.

Tue, 28 Aug 2018 02:30:11 GMT

US to pay $4.7B in aid to farmers

The US Department of Agriculture stated that farm aid package is likely to include $4.7B in direct payments to farmers to support offsetting losses from tariffs on the US exports this season.

Mon, 27 Aug 2018 20:01:51 GMT

WSJ: Toyota sets to invest $500 million in Uber to develop driverless vehicles

The Wall Street Journal reported on Monday that Toyota Motor Corp planned to Invest $500 million in Uber Inc on developing driverless cars.

Mon, 27 Aug 2018 19:58:46 GMT

France considers measures in case of No Brexit deal

On Monday, France's Prime Minister Edouard Philippe ordered his cabinets to prepare for contingency plans in case No Brexit deal.

Mon, 27 Aug 2018 19:02:32 GMT

Uber plans to appeal Brazil's labour court ruling

On Monday, Uber Inc said that it would appeal the ruling made by a Brazilian judge in favour of a driver, that wanted the company to consider him as an employee of the ride-hailing app.

Mon, 27 Aug 2018 19:01:52 GMT

China plans to introduce measures to fight workplace harassment

On Monday, the Chinese state news agency Xinhua reported that the country's top legislature plans to introduce measures to curb sexual harassment in the workplace.

Mon, 27 Aug 2018 18:09:41 GMT

Oil pauses gain, as trade tension and increase output weigh

Oil prices paused last week's gains on Monday, as OPEC and non-OPEC producers increased crude oil production, while trade tension between US-China also weighed on market sentiment.

Mon, 27 Aug 2018 18:09:22 GMT

Wall Street surges, as Mexico and US reach trade deal

US shares posted massive gains on Monday, with Nasdaq and S&P 500 reaching an all-time high, as the United States and Mexico agreed on a deal to change parts of NAFTA.

Mon, 27 Aug 2018 17:18:26 GMT

Mexican envoy says NAFTA trade deal with US to include Canada

The top trade negotiator for incoming Mexico's government Jesus Seade said on Monday that, the United States and Mexico have agreed to include Canada in the ongoing discussions to overhaul NAFTA.

Mon, 27 Aug 2018 17:15:18 GMT

US and Mexico reach NAFTA trade agreement

The United States and Mexico reached an agreement on Monday to overhaul parts of NAFTA.

Mon, 27 Aug 2018 16:14:10 GMT

Turkey wants to enter new phase in relations with EU

Turkey announced the intention to take its relations with the EU to a new phase, as the country's trade with the bloc became more important, Berat Albayrak, the Finance Minister, stated.

Mon, 27 Aug 2018 16:09:18 GMT

Nokia secures €500M EU loan for development of 5G technology

Nokia secured a 500M loan from the European Investment Bank to extend development of 5G technology, which is capable of wider coverage, faster speeds and more stable connections.

Mon, 27 Aug 2018 15:05:54 GMT

Italy to revamp infrastructure concessions system

Danilo Toninelli, the Transport Minister of Italy, stated that the country is set to review the system of infrastructure concession on a case-by-case basis to define whether to nationalise some of them or renegotiate the contracts.

Mon, 27 Aug 2018 15:02:03 GMT

US new vehicle sales to grow 1.3% in August

The US new vehicle sales were expected to rise 1.3% in August from a year earlier to show their biggest gain so far in 2018, industry consultants LMC Automotive and JD Power stated.

Mon, 27 Aug 2018 13:52:30 GMT

Tesla shares fall on Monday

Shares of Tesla declined in value by almost three percent on Monday, as the CEO of the company abandoned a plan to take the company private.

Mon, 27 Aug 2018 13:35:17 GMT

EU stocks surge due to fundamentals

Progress made in US-Mexico NAFTA talks and the Friday's speech by the chairman of the Federal Reserve were called by the financial media on Monday as the causes of a surge in European stocks.

Mon, 27 Aug 2018 13:28:55 GMT

Wall Street opens higher

On Monday, US stock markets opened higher than the previous close on Friday. The reason was the progress made in US-Mexico NAFTA talks.

Mon, 27 Aug 2018 13:28:29 GMT

World Court hears out Iran

The International Court of Justice has reviewed an Iranian request to order the US to lift sanctions set on the country by Donald Trump.

Mon, 27 Aug 2018 11:55:07 GMT

Turkish Lira continues to fall

As the Forex markets opened on Monday, the fall of the Turkish lira continued. Namely, the Lira lost three percent, as the market opened.

Mon, 27 Aug 2018 11:54:03 GMT

US is impacted by Turkish crisis

The US state of Tennesse is set to suffer due to the recent Turkish economic crisis, as the state's retirement system holds large amounts in a Turkish ETF.

Mon, 27 Aug 2018 11:09:42 GMT

Syria and Iran sign deal on military cooperation

On Monday, the news agency Tasnim reported that Syria and Iran signed an agreement regarding military cooperation during the meeting between the ministers of defence of two states.

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