News

Note: This section contains information in English only.
Tue, 27 Feb 2018 20:52:58 GMT

German inflation rises 1.2% in February

The Federal Statistics Office reported on Tuesday that German inflation rose by 1.2% year-on-year in February, as price pressures remained muted despite a solid economic upswing.

Tue, 27 Feb 2018 19:57:37 GMT

Macedonia considers four options to resolve name dispute with Greece

The Macedonian Prime Minister Zoran Zaev told media on Tuesday that four options were possible to settle the long-lasting dispute with Greece over its name.

Tue, 27 Feb 2018 19:51:20 GMT

Venezuela's Arreaza says debt renegotiation harder due to US sanctions

The Venezuelan Foreign Minister Jorge Arreaza said on Tuesday that US sanctions made the renegotiation of foreign debt more difficult for global banks.

Tue, 27 Feb 2018 18:54:11 GMT

German cities could ban diesel cars

On Tuesday, a top administrative court of Germany stated that German cities have the right to ban old diesel engines from their streets to reduce air pollution.

Tue, 27 Feb 2018 18:53:45 GMT

UK Minister Fox: staying in customs union would betray Brexit voters

The UK Minister of State for Trade Liam Fox criticised plans of the opposition Labour party to stay in the customs union with the EU, claiming that this decision will betray Brexit voters.

Tue, 27 Feb 2018 18:16:13 GMT

Pinterest appoints former Google executive as its first COO

A social network Pinterest with more than 200 million active users appointed Francoise Brougher, the former executive of Alphabet Inc and Square Inc, as the first chief operating officer of the company.

Tue, 27 Feb 2018 18:00:12 GMT

Exxon to sell stake in Terra Nova project

Exxon Mobil Corp is planning to sell its stake in the oil project Terra Nova on the east coast of Canada, although committing plans for future investments in the region.

Tue, 27 Feb 2018 17:01:51 GMT

Richmond manufacturing activity rebounds in February

The Federal Reserve of Richmond reported that its PMI for the region's manufacturing sector came in at 28 in February, up from the preceding month's 14 and surpassing analysts' expectations for a rise to 15.

Tue, 27 Feb 2018 17:01:37 GMT

Mood of American shoppers improves markedly

The Conference Board reported on Tuesday that in Consumer Confidence Index surged to 130.8 in February from the prior month's 124.3, whereas analysts anticipated a slighter increase to 126.1.

Tue, 27 Feb 2018 16:02:38 GMT

US investors seek Washington approval to buy stake in Citgo

Sources close to the matter reported on Tuesday that a group of US investors was seeking approval from Washington to buy a nearly 50% stake in Citgo, an American refiner, controlled by Rosneft.

Tue, 27 Feb 2018 15:59:58 GMT

Powell says Fed can continue gradually raising rates

The newly-elected Fed Chairman Jerome Powell said on Tuesday that the Bank could continue gradually raising rates, pointing to the strong US economic outlook.

Tue, 27 Feb 2018 15:29:25 GMT

Fitbit's shares drop 14% on smartwatch weak demand

Shares in Fitbit plunged 14% on Tuesday, as the company's newly introduced smartwatch had failed to excite consumers, showing a sluggish demand for the device.

Tue, 27 Feb 2018 15:25:06 GMT

Sales of Cuban cigars hit record amid China's surging demand

The Cuban cigar manufacturer Habanos stated on Monday that its sales hit record of a 33% rise last year, helped by a surging demand in China.

Tue, 27 Feb 2018 14:34:28 GMT

US-Israeli firm CyberX attracts $18M

The US-Israeli cyber-technology provider CyberX stated on Tuesday it had raised $18M, bringing the company's total investment to $30M.

Tue, 27 Feb 2018 14:30:14 GMT

Walt Disney makes $2.47B investment in Disneyland Paris

On Tuesday, Walt Disney announced a $2.47B investment into Disneyland Paris, aimed at expansion of the French theme park that had been taken under its full control last year.

Tue, 27 Feb 2018 13:34:14 GMT

Starbucks to launch first Reserve store

On Tuesday, Starbucks is set to open its first of 1K planned upscale Reserve stores amid the company's strategy to be protected against the high-end coffee rivals.

Tue, 27 Feb 2018 13:31:35 GMT

Bezeq Israel Telecom to appoint Paz as its interim CEO

The Israeli Bezeq Telecom is seen to name on Tuesday Yaakov Paz as its interim CEO for no less than the next month, as the chief executive Stella Handler is under police investigation.

Tue, 27 Feb 2018 12:34:59 GMT

French rail unions prepare for strike action on reform plans

France's rail unions had a meeting on Tuesday to prepare for a strike action on the Emmanuel Macron's preform plans regarding the loss-making rail firm SNCF.

Tue, 27 Feb 2018 12:33:26 GMT

ASMALLWORLD plans to list on SIX Swiss Exchange

On Tuesdaym the Swiss social network operator ASMALLWORLD stated it planned a listing on the SIX Swiss Exchange in weeks, adding it was not intending to sell new shares.

Tue, 27 Feb 2018 10:55:12 GMT

HNA Capital to lead two investment funds for Road and Belt initiative

The Chinese HNA Capital is set to lead two investment funds worth 20 billion yuan intended to finance projects in China and Southeast Asia linked to the Belt and Road initiative.

Tue, 27 Feb 2018 10:53:14 GMT

Norway's $1T wealth fund doubles return in 2017

Norges Bank Investment Management, the world's largest sovereign wealth fund, gained a return of 13.7% in 2017, compared to 6.9% year-on-year, due to strong global stock market.

Tue, 27 Feb 2018 10:33:19 GMT

Disney head Iger declines commenting Comcast's bid

Walt Disney's Chief Executive Bob Iger declined to comment on Tuesday on Comcast's $31B offer for the EU pay-TV group Sky.

Tue, 27 Feb 2018 09:33:24 GMT

Exxon Mobil to close LNG plant in Papua New Guinea

Exxon Mobil is set to shut the liquefied natural gas plant in Papua New Guinea for at least a week to inspect the factory for any facility damage, following a strong earthquake in the area.

Tue, 27 Feb 2018 09:27:50 GMT

Thailand's election to take place no later than February 2019

On Tuesday, Thai PM Prayuth Chan-ocha stated that the country's general election would be held no later than the next year's February, following his promise to conduct it in November.

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